News - Page 20

A crypto analyst who accurately predicted the top of the 2021 Bitcoin bull market is now forecasting a potential pullback for Solana (SOL) and other altcoins. The analyst, known as Pentoshi, has a large following on the social media platform X and has shared his insights with over 700,000 followers.

According to crypto analyst Michaël van de Poppe, Bitcoin (BTC) has the potential to reach $50,000 before April 2024. Van de Poppe, who has a large following on social media, predicts that Bitcoin will experience a significant increase in value before correcting back to current levels. He expects the cryptocurrency to reach $45,000-$50,000 before undergoing a heavy correction to $32,000-$35,000. Van de Poppe emphasizes that Bitcoin has been following cyclical patterns and has faced challenges in the past two years.

TomiChain, the layer two scaling solution developed by Tomi, a DAO-governed Web 3.0 infrastructure project, is set to revolutionize the way Ethereum scales globally. With its innovative features and partnerships, TomiChain aims to address the technical obstacles and limitations that have hindered the widespread adoption of blockchain technology.

Binance, the world's largest crypto exchange, has launched a new self-custody wallet that provides seamless access to the blockchain from the platform's mobile app. This wallet serves as a bridge between the exchange and decentralized finance (DeFi) ecosystems, empowering users to take control of their assets and engage in various activities.

During the past 24 hours, the cryptocurrency market has experienced a surge in prices, resulting in the liquidation of hundreds of millions of dollars worth of Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) shorts. According to data from blockchain tracking platform Coinglass, the top crypto asset by market cap, Bitcoin, has seen over $131 million worth of short contracts liquidated. Ethereum and Solana have also witnessed significant liquidations, with $48 million and $9.56 million worth of short contracts liquidated, respectively.

Zircuit, a new zero-knowledge rollup backed by pioneering layer two research, has announced the launch of its public testnet. This fully EVM-compatible platform supports existing Ethereum DApps and wallets, allowing developers to deploy their DApps on Zircuit with minimal changes.

In November 2021, Bitcoin reached an all-time high, causing a wave of excitement and speculation. However, as time passed, the cryptocurrency market experienced significant fluctuations, leaving many wondering if another rally is on the horizon.

The prices of Bitcoin (BTC) and Ethereum (ETH) have been experiencing a significant surge recently, coinciding with the increasing interest in cryptocurrency from Wall Street. BTC surpassed the $36,000 and $37,000 marks for the first time since May 2022, almost reaching $38,000 before retracing some of its gains. Similarly, ETH climbed above $2,000, reaching its highest level since the April Ethereum upgrade, also known as Shanghai.

A popular crypto analyst is optimistic about the future of Vulcan Forged (PYR) and Chainlink (LINK), two altcoins that have shown significant growth recently.

In recent years, brands have faced consumer backlash for attempting to extract more value from their customers in exchange for access to perks. This has led to a shift in mindset, with the focus now on rewarding the best customers and making them feel special. But how can brands go beyond traditional methods of reward and create systems that incentivize a variety of actions?

On December 2-3, 2023, Veloce Racing will compete in the Antofagasta Minerals Copper X Prix in Chile, showcasing a special one-off VEXT chrome livery. This design was chosen by the VEXT community, who were given the opportunity to vote between three unique designs. The winning chrome design will be applied to Veloce Racing's ODYSSEY 21 car, accompanied by a VEXT-inspired purple team kit.

Grayscale's Chainlink Trust (GLINK) has gained significant attention from institutional investors, as it is currently trading at a 223% premium. This indicates a strong interest in the digital asset investment product.

Stablecoins have emerged as a popular solution in the world of cryptocurrencies. These digital currencies are designed to maintain a stable value by pegging them to an underlying asset, such as the U.S. dollar. Unlike traditional cryptocurrencies like bitcoin and ether, stablecoins offer users the flexibility of cryptocurrency without the price volatility.

Helene is a news reporter based in New York who is currently covering the criminal trial of Sam Bankman-Fried, a well-known figure in the cryptocurrency industry. She is a recent graduate of New York University's business and economic reporting program and has made appearances on CBS News and Nasdaq TradeTalks. In addition to her reporting work, Helene also holds BTC and ETH.

Camomile Shumba is a regulatory reporter based in the UK. She has previously worked as an intern for Business Insider and Bloomberg News. Camomile does not currently hold any digital currencies or projects.

Bitcoin prices surged to nearly $37,000 during Asian trading hours, fueled by a phenomenon known as a 'short squeeze'. This occurs when the price of an asset unexpectedly rises, causing short sellers to scramble to cover their positions. In just four hours, approximately $50 million worth of bitcoin shorts were liquidated, further driving up the price. Exchanges with a strong presence in Asia, including BitMEX, OKX, and Binance, saw a significant number of positions being closed. The bullish momentum of Bitcoin was also influenced by reports that the U.S. Securities and Exchange Commission (SEC) is in discussions with Grayscale, a prominent fund manager. The SEC and Grayscale have been involved in a legal dispute regarding the conversion of the Grayscale Bitcoin Trust into a spot ETF. This news added to the positive sentiment surrounding Bitcoin and contributed to its upward movement.