News - Page 39

Terraform Labs, led by new CEO Chris Amani, has shared exciting news for the Cosmos community. The company's Foundation business model aims to provide infrastructure support for all Cosmos chains, effectively reducing costs for developers.

In a recent strategy session, crypto trader Benjamin Cowen highlights a key indicator that suggests a potential correction in the price of Bitcoin (BTC). This indicator, known as the golden cross, has historically signaled a price decline in the past. In this article, we will explore what the golden cross is, its significance, and what it could mean for the future of Bitcoin.

The crypto market has experienced a surge in October, with a positive sentiment known as "Uptober." However, despite the gains, security breaches and crypto scams continue to impact investor sentiment.

In a recent transaction, a whale transferred a staggering 30 million XRP tokens to an anonymous wallet. This significant transfer, reported by Whale Alert, a popular cryptocurrency tracking platform, took place on October 31. It is worth noting that this is the second substantial transfer within a short period of time.

Spain is leading the charge in embracing the Markets in Crypto Assets (MiCA) Act, the European Union’s comprehensive crypto framework, with plans to implement it six months ahead of schedule. This decision aims to create a stable and protective regulatory environment for crypto assets and services, offering legal certainty to investors.

The crypto prices today were in the positive territory on Tuesday, October 31, in line with the “Uptober” sentiment that many market watchers have anticipated. The crypto segment has gone through a turbulent phase but bounced back in the ongoing month, as several positive catalysts have raised the market sentiment.

Recent data reveals that Team Unibot, a trading bot enabling users to buy and sell tokens on Uniswap V3 through their Telegram apps, has fallen victim to an exploit. The hacker responsible for the attack has transferred meme coins from Unibot users and exchanged them for ETH, resulting in a loss of $560K.

Elon Musk, the CEO of Tesla and SpaceX, recently participated in the AI Safety Summit in the United Kingdom, sparking speculations about his future ventures in the field of artificial intelligence (AI).

According to recent market data by the crypto tracking platform Whale Alert, a remarkable and eye-catching transfer of the Shiba Inu (SHIB) meme coin caught the attention of the market participants. As of today, a whopping 4.47 trillion SHIB coins were transferred from an unknown sender to Bitvavo, one of the Netherlands’ largest cryptocurrency exchanges. Subsequently, the Shiba Inu prices kept fluctuating, showcasing marginal drops in its price.

According to recent data from Lookonchain, FTX and Alameda Research have transferred assets worth $27.2 million as of October 31. This includes RNDR ($17.93 million), SOL ($4.7 million), ETH ($2 million), MKR ($1.18 million), REN ($1.12 million), and GRT ($0.27 million).

In a significant development, Bittrex, a prominent cryptocurrency exchange, has secured court approval for its revised bankruptcy plan under Chapter 11. This approval allows Bittrex to effectively wind down its U.S. operations and fulfill its obligations to creditors.

Mexico's bond market is a lucrative opportunity for investors, being the second largest in Latin America after Brazil. With $623 billion in outstanding debt and an average daily trading volume of $200 million, it is also one of the most liquid markets in the region.

Standard-setters are rushing to introduce norms for stablecoins, which are cryptocurrencies whose value is pegged to that of other assets such as fiat currencies. This urgency has been heightened by recent events, including Facebook's proposal of a stablecoin and the de-pegging of terraUSD (UST) from the U.S. dollar in May 2022, which had significant negative consequences for the crypto world.

Bitcoin has been experiencing a strong uptrend since mid-October, bringing renewed optimism to the cryptocurrency market. The price of BTC has surged by 32.55% from its last swing low of $26,560, reaching a 500-day high of $35,263. However, the rally is facing supply pressure at the $35,000 level, raising concerns about the sustainability of buying interest.

XRP price has been maintaining a bullish outlook for the third consecutive week, showing impressive performance with a 16% surge in the past 30 days. In the last 24 hours alone, the cross-border money remittance token has increased by 7.7% and is currently trading at $0.61.

Solana's native cryptocurrency, SOL, has emerged as the top performer among major crypto assets in October, recording an impressive 50% gain. Furthermore, SOL has experienced a remarkable year-to-date growth of over 250%. This surge in value comes after a period of uncertainty for Solana, following the collapse of FTX, the ecosystem's primary backer, which raised concerns about the blockchain's future.