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Cryptocurrency is going to break out of its bubble and reach critical mass thanks to layer-2 blockchains — and a couple of other factors. After 2021, we entered an era in cryptocurrency where people stopped talking only about financial decentralization and started to broadly discuss the tokenization of everything, thanks in part to nonfungible tokens (NFTs). This shift represents a critical perspective that is set to guide three theses for the upcoming bull market . To fully grasp these theses , it is crucial to understand that everything is data. Money is data. Your engagement with a brand is data. Your credentials are data. The ticket for your favorite show is data. Since 2021, the ecosystem has increasingly started to store a large part of this data in the form of fungible tokens, NFTs, and timestamps on the blockchain, which acts as a data repository in this context. Related: Expect new IRS crypto surveillance to come with a surge in confiscation While not all data needs to be on...

Developers behind the Rocket Pool staking service have rolled out a roadmap and a sneak peek at new Features for upgrades scheduled for next year. Ethereum staking service Rocket Pool has announced plans to develop a fully on-chain decentralized autonomous organization (DAO) powered by RPL governance. According to a blog post published on Nov. 9, the so-called Protocol DAO (or pDAO) will not require snapshot voting “or any other 3rd party tools to function” as it will be built fully on a blockchain. You might also like: Vitalik Buterin cautions against staking pools adopting DAOs With the DAO, the community members would be able to change the Rocket Pool protocol settings, spend treasury funds on initiatives and react “in the event of any potential issues with the protocol.” RPL price | Source: crypto.news After the news broke, RPL price shortly jumped by 25%, reaching the $34 mark, a level last seen in July 2023. As of press time, RPL is tra...

ETH price finally polevaulted the $2,000 resistance, but will retail demand and network use support the current bullish momentum? Ether (ETH) experienced a surprising 8% rally on Nov. 9, breaking the $2,000 barrier and achieving its highest price level in six months. This surge, triggered by news of BlackRock registering the iShares Ethereum Trust in Delaware, resulted in $48 million worth of liquidations in ETH short futures. The initial announcement was made by @SummersThings on a social network, later confirmed by Bloomberg ETF analysts. The iShares Ethereum Trust has just been registered in Delaware. For context, BlackRock's iShares Bitcoin Trust was registered in a similar manner 7 days before they filed the ETF application with the SEC. Details below. [announcement: I’m moving to @SynopticCom soon] pic.twitter.com/IYafIaxMzA — Summers (@SummersThings) November 9, 2023 The news fueled optimistic expectations regarding a potential Ether spot ETF filing by BlackRock, a $9 t...

SEC has suggested FTX revival if it follows the rules. Memeinator has caught the attention of investors with its meme promise. Memeinator will deliver a 132% ROI in its presale . The controversial FTX exchange, which collapsed in late 2022, could be on its way to resurgence. SEC Chair Gary Gensler hinted at a possible reboot amid ongoing legal tussles. Of essence is the optimism the revival brings to a battered crypto sector. This allows quality projects like the upcoming meme project  Memeinator to thrive. But how does FTX’s  latest Cryptocurrency News impact the investment landscape? FTX reboot and what it means to the sector Gensler’s comments come when several investors declare interest in buying FTX. In an interview during the DC Fintech Week, Gensler responded in regard to FTX. “If Tom or anybody else wanted to be in this field, I would say, ‘Do it within the law.” The views of the SEC chair suggest a s...

Ripple ’s native token XRP is hovering around the $0.70 mark and is up close to 4% in the 24-hour day’s trade. XRP performed exceptionally well in the charts since last month delivering handsome returns to investors. In the last 30 days, XRP climbed nearly 41%, going from a low of $0.49 to a high of $0.70. The cryptocurrency steadily scaled up in price and holds strong in the indices as it is attracting bullish sentiments. Also Read: Gold Prices Forecasted To Reach $3,000 in 2024 Source: Coingecko Now that Ripple’s native token is performing well in the indices, will its price climb above the $1 mark and hit $2 next? In this article, we will highlight a price prediction on when XRP might reach the $2 milestone. Also Read: GTA 6: Rockstar Games To Introduce In-Game Cryptocurrency? When Will Ripple’s Native Token XRP Reach $2? Source: cryptonews.com Leading on-chain metrics and price prediction firm CoinCodex has painted a rosy picture for Ripple ...

With many analysts speculating the outcomes of the Spot Bitcoin ETF race, partner at CEHV, Adam Cochran, shares his perspective in a Nov. 8 post on X. From Cochran’s perspective, while odds are good for other ETFs, the Digital Currency Group (DCG) and more specifically the asset management unit Grayscale, may be have a tough road ahead . Effects of Genesis’ downfall Cochran suggests that DCG CEO Barry Silbert’s situation comes as a result of the Genesis shutdown , the absence of updates regarding GBTC conversion following a court case, the lack of price arbitrage opportunities on smaller trusts, ongoing discussions surrounding a potential fraud investigation, and the ongoing legal case with Gemini, all contributing to an atmosphere of uncertainty and concern. You might also like: U.S. SEC reviewing BlackRock Bitcoin ETF application; Polkadot, Cosmos, and new coin may soar on approval In a follow-up post in his thread, Cochran goes on to share that al...

In the aftermath of a significant security breach affecting Unibot (UNIBOT), an unexpected twist in market psychology surfaced. A leading analyst on prominent crypto analytics platform Santiment dissected the curious case of Unibot price action following a hack, challenging the old adage of “sell the rumor , buy the news.” He wrote: Panic creeps in, you start getting doubts (especially having experience multiple blowups of projects before), maybe it’s just better to sell and wait it out? Looks like many UNIBOT holders felt those kind of feelings in the recent days. On Oct. 31st, a capitulation event was observed for Unibot as long-standing coins changed hands in response to panic stemming from a cryptic tweet by the coin’s developers. The subsequent sell-off resulted in the largest transaction volume spike for Unibot, accompanied by a noticeable increase in active addresses — a movement tracked closely by Santiment’s tools. If you read any UNIBOT-rel...

A crypto trader who accurately called Bitcoin’s (BTC) 2018 bear market price floor is predicting Solana (SOL) will easily soar beyond $100. Pseudonymous analyst Bluntz tells his 226,000 followers on the social media platform X that the Ethereum (ETH) competitor Solana will likely increase by more than 218% from its current value after a long accumulation phase. “These high timeframe accumulation breaks after 90% drawdowns are the things dreams are made of. No high time frame resistance in my opinion until $137 on SOL.” Source: Bluntz/X He also says that Solana is showing bullish momentum after breaking out of a downward channel. “SOL baby let’s go. LTF (low time frame) accumulation and channel breakout.” Source: Bluntz/X Solana is trading for $42.95 at time of writing. The trader also weighs in on the liquid-staking service provider Lido DAO (LDO). According to Bluntz, the LDO against Bitcoin (LDO/BTC) pair may have already carved a cycle low. “LDO/BTC...

Animoca Brands Japan and KLKTN have formed a strategic partners hip with Cool Cats Group to facilitate the expansion of the Cool Cats brand into the Japanese anime market using web3 technology. Animoca Brands Japan and KLKTN, a part of the same company, have teamed up with Cool Cats Group to make a move into the Japanese anime scene using web3 technology. The deal involves Animoca Brands Japan buying a part of Cool Cats Group and KLKTN receiving Cool Cats NFTs for their project called San FranTokyo, which is all about anime and web3. Animoca Brands believes that by working with Cool Cats, the company can create something that mixes web3 — the latest in internet technology — with Japan’s famous style of comics, called manga. Animoca Brands Japan x San FranTokyo x Cool Cats We’re stoked to officially announce together with @Animocabrandskk , our strategic investment and partners hip with @coolcats. 1/8 pic.twitter.com/b4DQPtAz8y — San FranTokyo (@San_FranTokyo) November...

The highest Bitcoin open interest levels in over six months come as analysis predicts that BTC price action will fail to flip $36,000 this week. Bitcoin (BTC) fell toward $34,500 on Nov. 7 as analyst s’ attention turned to mushrooming open interest . BTC/USD 1-hour chart. Source: TradingView Open interest "surge" spooks Bitcoin pundits Data from Cointelegraph Markets Pro and TradingView showed BTC price trajectory struggling to reclaim $35,000 as support. The largest cryptocurrency lacked clear direction into the Wall Street open, but market participants predicted that volatility would soon return. The reason, they said, was a sharp increase in open interest (OI) on derivatives markets. “Almost 10k BTC (~$350MM USD) in open interest added today. Fireworks soon,” financial commentator Tedtalksmacro predicted on the day. As Cointelegraph reported, open interest reaching elevated levels has coincided with bouts of volatility in recent months. Commenting on current levels, whic...

XRP is currently under the spotlight due to its price fluctuations, capturing the attention of investors who are keen to explore the potential gains they might enjoy if XRP achieves specific price milestones. Recent weeks have witnessed a surge in XRP’s value, driven by optimism surrounding the ongoing SEC v Ripple lawsuit and bolstered by the confidence of influential figures within the crypto currency community. As investors in XRP eagerly anticipate the future of this digital asset, many have begun to set their sights on substantial price targets for the upcoming bull market, spanning from a modest $5 to a tantalizing $100. This article delves into the potential returns that could be realized by investors holding 10,000, 50,000, and 100,000 XRP tokens at these various price points. Returns for Holding 10K, 50K, 100K XRP at $5 In the event that XRP attains the $5 threshold, a portfolio containing 10,000 tokens would witness a notable increase in value. It could reach an impr...

Police in Scotland have admitted that $200,000 in stolen bitcoin will likely never be recovered following a robbery involving a weaponized Toblerone and a machete. In addition, one of the raided victims has been accused of taking part in online fraud.  In 2020, bitcoin then worth $200,000 was forcibly transferred to a crypto wallet by three masked individuals in a Scottish home raid. The three reportedly brandished a machete and used a large personalized Toblerone to beat one of the victims over the head.  Police track ed the stolen crypto to the wallet of 29-year-old Lanarkshire man John-Ross Rennie, in what was described as the first case of bitcoin robbery to involve tracing in Scotland . However, despite track ing the crypto to Rennie, police say they haven’t been able to seize the stolen funds. As reported by Glasgow Live, Detective Inspector Craig Potter said siezure “relies on the funds being there and being able to access them. In this case by the time we got to Mr Re...

A fraudulent crypto wallet application on the Microsoft store has swindled users out of $768,000 in Bitcoin and Ethereum. On Nov. 5, crypto investigator ZachXBT issued a warning via the X platform (formerly Twitter) about the fraudulent application named Ledger Live Web3. The application deceived users by imitating the original Ledger Live app. The official Ledger Live is a user interface app that allows hardware wallet users to store their crypto assets offline. Community Alert: There is currently a fake @Ledger Live app on the official @Microsoft App Store which was resulted in 16.8+ BTC ($588K) stolen Scammer address bc1qg05gw43elzqxqnll8vs8x47ukkhudwyncxy64q pic.twitter.com/rOZ0ZWRWbn — ZachXBT (@zachxbt) November 5, 2023 On-chain data revealed that the fraudsters behind the fake app had accumulated approximately 16,800 BTC, valued at around $588,000, through 38 transactions to the wallet address beginning with “bc1q…y64q”. The initial theft was recorded...

Monero’s Community Crowdfunding System (CCS) wallet was exploited and drained on September 1. Till September 1, the wallet held a total balance of 2,675.73 XMR, worth $460,000. Moonstone Research identified that the exploitation was done by a Monerujo wallet user with the PocketChange feature. In a sudden turn of events, the decentralized community-driven project Monero revealed its Community Crowdfunding System’s (CCS) wallet exploitation that occurred on September 1, 2023. As per reports, the attacker drained the wallet in nine transactions, accumulating its entire balance accounting for 2,675.73 XMR, worth $460,000. Chinese crypto reporter Colin Wu took to his official X page, Wu Blockchain, to share insights on Monero’s CCS hack, the source of which remains a mystery. The reporter also reflected on the blockchain security firm SlowMist’s assumption that the vulnerability is a “loophole in the Monero privacy model.” The Monero team announced that the...

Bearish winds hit AVAX and MANA, while NEAR bulls stood firm amid the turbulence. Decentraland’s MANA faces a critical support test at $0.3877 amid market uncertainty. AVAX shows the potential to outshine BTC with positive momentum and resistance at $12.10. A bearish trend has prevailed in the Avalanche (AVAX) and Decentraland (MANA) markets in the past 24 hours, with bears driving prices to support levels of $11.51 and $0.3877, respectively. Despite sliding to a 24-hour low of $1.46, bulls in the NEAR Protocol (NEAR) market were able to cancel out the negative sentiment. MANA/USD Technical Analysis MANA’s market capitalization and 24-hour trading volume fell by 3.74% and 25.06%, respectively, during the bearish reign, to $740,893,275 and $124,675,447, at press time. This decline in market capitalization and trading volume reflects a drop in investor confidence and activity in the Decentraland market. MANA/USD 24-hour price chart (source: C...

Mainstream commerce and big brands report improved business results and promising loyalty programs through integrations with the wider Solana ecosystem. Web3 tools powered by layer-1 blockchain Solana are driving tangible returns and delivering deep customer data insights, according to prominent mainstream brands and companies that attended Solana Breakpoint. The four day conference hosted in Amsterdam in 2023 attracted a wide variety of businesses and projects from Web2, Web3 and traditional backgrounds. A prominent takeaway was adoption of Solana-based tools and services innovating payments and loyalty programmes. Boba Guys, a growing United States-based bubble tea brand in the mold of Starbucks, unpacked how its pilot programme for a new customer loyalty app delivered insightful data while seemingly incentivizing customers to return to its stores in San Francisco. Related: Visa taps into Solana to widen USDC payment capability The five week programme relied solely on in-store prom...

In anticipation of the verdict of Sam Bankman-Fried (SBF), scheduled for March 28, 2024, the crypto community is abuzz, sharing their opinions on the trial of the disgraced founder of FTX, a defunct crypto exchange. The crypto markets fell after the verdict. However, losses were largely contained. Bitcoin (BTC), which has surged more than 100% this year following the $1.5 trillion digital asset crash in 2022, fell about 1% to $34,416 at the time of writing. You might also like: Lawyer expects around 20 years of jail time for Sam Bankman-Fried Bloomberg journalists commented on the court’s decisions, asking the question: what will happen next to crypto currency? Experts interviewed by the publication believe that the court’s decision points to the end of an era of risky and illegal practices and to a more regulated future with greater adoption of digital assets and blockchain technology. Brian Mosoff, chief executive officer of Ether Capital Corp., said the ...