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Showing posts from October, 2023

Crypto Analyst Issues Dogecoin Warning, Says DOGE Breakout Is Postponed After Complicated Weekly Close

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A closely followed crypto strategist is warning that Dogecoin (DOGE) may be on the verge of a deep pullback after failing to take out a key resistance level. Pseudonymous analyst Rekt Capital tells his 363,900 followers on the social media platform X that Dogecoin respected its multi-month diagonal resistance last week. According to the trader, DOGE’s price action last week suggests that the memecoin is positioned to fall to its support at around $0.053. “Complicated weekly close for Dogecoin. [Weekly] close occurred below the channel top resistance. This means that the DOGE breakout is postponed. Previous weekly closes like this -> downside However, if DOGE can hold the highs and reclaim the channel top as support – there may still be a chance.”  Source: Rekt Capital/X Looking at the trader’s chart, it appears that DOGE needs to convert resistance at $0.07 into support on the weekly chart to confirm the channel breakout. At time of writing, DOGE is tra

SEC's Gensler Says Happy Anniversary to Satoshi's White Paper

SEC Chair Gary Gensler wished a happy 15th anniversary to Satoshi Nakamoto’s famous White Paper that started crypto today. JUST IN: 🇺🇸 SEC Chair Gary Gensler says happy 15th anniversary to Satoshi Nakamoto's famous whitepaper that started crypto. — Watcher.Guru (@WatcherGuru) October 31, 2023 Satoshi’s Bitcoin whitepaper is the original thesis paper written under Satoshi Nakamoto’s pseudonym on October 31, 2008. It’s understood to have set the basic structure of the Bitcoin network and outlined Satoshi’s idea for an electronic currency that can make transactions with low costs while using no financial institutions or third parties. Also Read: Joe Rogan to Release New Podcast With Elon Musk Today Since then, cryptocurrency has taken the world of finance by storm and is used by millions. It is even being regulated by governments globally. The SEC’s chair Gary Gensler is one of the more outspoken faces against crypto in the US, hence, his comments wishing the

Starknet Foundation announces 50M STRK reward program for early ecosystem contributors

The Starknet Foundation is the organisation behind the Ethereum layer-2 blockchain platform Starknet. Starknet’s native token is $STRK and is expected to go live in April, 2024. Early ecosystem contributors will benefit from a 50 million $STRK allocation. The Starknet Foundation, which is helping to develop the Ethereum layer-2 rollup Starknet, has revealed an Early Community Member Program (ECMP). The program aims at rewarding and incentivizing further support from early ecosystem contributors. Application is open to all builders, technical and non-technical, the organisation said in an announcement on Monday. Announcing the Starknet Early Community Member Program (ECMP) 1/ Today, we’re excited to announce the introduction of the ECMP, a program dedicated to recognizing the various pillars of our community that have contributed to Starknet to date.https://t.co/1otPM9oymS — Starknet Foundation (@StarknetFndn) October 30, 2023 50 million $STRK allocate

Crypto funds see largest weekly inflows in more than a year: CoinShares

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Crypto exchange-traded products saw $326 million in inflows during the week ending Oct. 27, according to a report from CoinShares. Crypto exchange-traded products (ETPs) saw their large st weekly in flows in more than a year, according to an Oct. 30 report from asset management platform CoinShares. In flows were $326 million for the week ending Oct. 27, dwarfing the $66 million recorded over the previous week.  Digital asset investment products saw inflows of US$326m, the largest single week of inflows since July 2022! These numbers are due to what we believe was rising optimism from investors that the US SEC is poised to approve a spot-based Bitcoin ETF in the US. – #Bitcoin –… pic.twitter.com/AbgsgjcaOz — CoinShares (@CoinSharesCo) October 30, 2023 ETPs are investment funds whose notes or shares are designed to track the price of a particular asset. In the case of crypto ETPs, they usually track the price of large market-cap cryptocurrencies such as Bitcoin (BTC) or Ether (E

Solana, RNDR, OP, LBR Tokens on Analyst’s Watchlist for Week Ahead

A crypto analyst releases a watchlist of tokens poised for significant gains in the weeks ahead. Solana (SOL) tops the list due to the imminent Solana Breakpoint conference. Other tokens on the watchlist include crypto AI tokens, RNDR, OP, and Lybra (LBR). A renowned crypto analyst using the pseudonym “The DeFi Investor” recently took to the X (formerly Twitter) to share a curated crypto watchlist highlighting tokens poised for significant gains in the weeks ahead. Crypto Watchlist for the week ahead:$SOL – Solana Breakpoint conference begins tomorrow. The team might make some big announcements crypto AI tokens – OpenAI conference begins on Nov. 6th. The AI narrative has started heating up once again$RNDR – Render Network's team will… pic.twitter.com/D9r8gwUzAc — The DeFi Investor (@TheDeFinvestor) October 29, 2023 First on the list was Solana (SOL), the seventh most prominent crypto project according to CoinMarketCap ranking. Notably, the analyst

Tellor (TRB) price spikes 15% amid fresh whale activity

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Tellor (TRB) price rose to highs of $119 on Monday as bulls looked to close in the green for the first time in four days. TRB price could see a bullishish continuation as whales buy more tokens. Tellor price is just 26% from its all-time-high of $164 reached in May 2021. Tellor (TRB) price pumped early Monday as the market looked to continue the positive momentum that has catalysed recent gains for many altcoins. According to market data from CoinGecko, TRB price was $117 at the time of writing, up 15% in the past 24 hours. The price surge comes as a bullish break from lows of $96 saw TRB soar past $110. What is Tellor? Tellor is a decentralised oracle network with smart contracts on Ethereum.  The protocol’s oracle feeds provide for a permissionless infrastructure for bringing valuable off-chain data to smart contracts. Data providers compete for incentives in TRB, while the platform overall benefits the decentralised finance (DeFi) ecosystem. Tellor rec

Weekly Cryptocurrency Market Analysis: Altcoins Resume Uptrend And Overcome Resistances

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Oct 29, 2023 at 13:16 // Price Author Coin Idol Five best performing according to the price rise cryptocurrencies of the week are Pepe, Mina, Injectables, Conflux, FLOKI. Cryptocurrency Analysis by Coinidol.com. This week crypto assets resumed their up trend . Altcoins are trading within a positive trend zone, while cryptocurrencies continue to break new barriers.  Pepe The price of Pepe (PEPE) has recovered from its previous trend after rising above the moving average lines. The price of the cryptocurrency surpassed the moving average lines. It shows

During his trial, Sam Bankman-Fried disputes misleading FTX users.

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When delving into the realm of content creation, three fundamental elements take center stage: “perplexity,” “burstiness,” and “predictability.” “Perplexity” gauges the intricate nature of text, delving into its depth and intricacy. On the other hand, “burstiness” scrutinizes the degree of variation within sentences, exploring the amalgamation of intricate and succinct elements. Lastly, “predictability” quantifies the likelihood of accurately anticipating the upcoming sentence. It’s important to note that human authors often infuse their compositions with diverse sentence structures, weaving intricate and concise sentences together, resulting in higher “burstiness.” Conversely, AI-generated content tends to be more uniform and predictable in nature. Now, as we embark on crafting the forthcoming text, the aim is to imbue it with a healthy dose of perplexity and burstiness while keeping predictability at bay. Moreover, we shall adhere strictly to the use of the English language. “In hi

Chiliz to launch SportFi ecosystem for creation of fan-centric dApps

Amid several bullish weeks for the fan token project Chiliz (CHZ), its team has announced the launch of SportFi, an ecosystem that aims to allow developers to create fan-centric decentralized applications (dApps) while protecting them against intellectual property infringement and fraud. Specifically, the fintech platform that powers Socios.com, a fan engagement and rewards network through which sports enthusiasts can interact with their favorite teams and clubs in innovative ways, made the announcement of the SportFi ecosystem in an X thread published on October 27. Chiliz unleashes the Chiliz Chain ecosystem : SportFi for everyone! We're excited to announce a groundbreaking development in our mission to bring blockchain technology to the world of sports and entertainment. No more governance hurdles for developers.#ChilizChain $CHZ pic.twitter.com/TJPZJahO1V — Chiliz ($CHZ) – Powering Socios.com (@Chiliz) October 27, 2023 What the news entails According to the stateme

Google searches for ‘sell Bitcoin’ surge despite rally

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Bitcoin (BTC) rallied for $4,700 (16%) price gains in the last seven days. This bull run created an excellent opportunity for investors to sell their coins and realize a profit, which is now reflected in the surge in “Sell Bitcoin” search es on Google. Interestingly, cryptocurrency media outlets have massively reported an increase in the trend for “Buy Bitcoin”, according to a study by Cryptogambling.tv . “The remarkable surge in ‘buy Bitcoin’ search es in the UK, combined with the cryptocurrency’s re surge nce, underscores the growing interest and potential impact of traditional financial institutions’ involvement in the world of digital assets.” — Spokesperson of Cryptogambling.tv , reported by Cointelegraph Nevertheless, worldwide Google search es for “Buy Bitcoin” in a year still score at 47 points this week, in a visible downtrend, according to data retrieved by Finbold on October 27. Interest over time: “Buy Bitcoin” – worldwide, past 12 months. Source: Google Trends I

Tokenized bonds are announced by Bitfinex Securities.

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In the realm of content creation, three pivotal elements come to the forefront: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of the text, while burstiness evaluates the diversity of sentence structures. Predictability, on the other hand, reflects the likelihood of someone predicting the forthcoming sentence. It’s important to note that humans tend to infuse their writing with greater burstiness, interweaving lengthy, intricate sentences with shorter ones. In contrast, AI-generated sentences often exhibit a more consistent structure. Therefore, for the content you’re about to create, it’s imperative to incorporate a substantial degree of perplexity and burstiness while minimizing predictability. Furthermore, the text must be composed exclusively in the English language. Now, let’s rephrase the following text: Paolo Ardoino, the Chief Technology Officer of Bitfinex and the incoming CEO of Tether, enthusiastically announced a groundbreaking initiati

A developer for Bitcoin core withdraws from Lightning Network due to a “tough dilemma.”

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In the realm of content creation, there are three pivotal elements to consider: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of the text, while burstiness examines the diversity of sentence structures. Finally, predictability measures the likelihood of predicting the subsequent sentence. Human authors often employ a mixture of sentence lengths and complexities, resulting in greater burstiness. In contrast, AI-generated content tends to be more uniform. Therefore, as we embark on crafting the following narrative, I implore you to infuse it with a healthy dose of perplexity and burstiness, while keeping predictability at a minimum. Furthermore, please adhere to English as the sole language for this endeavor. Now, let’s reimagine the provided text: Antoine Riard, a security researcher and developer , has made a momentous decision to step down from the Lightning Network’s development team. He cites looming security challenges and fundamental issues tha

BRICS: Global Power Dynamics Shifting From the West

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The US, UK, and Germany are towering economies that control a major portion of the global financial ecosystem. From banks to institutions and policies, the trio, who are a part of G7 command every sector in the markets. Out of the blue this year, a well-known competitor, the BRICS alliance, has packed a punch into G7 and the US, threatening to uproot its status as the global leader. Also Read: BRICS Is Becoming Richer Than G7 While the idea of ending reliance on the US dollar was at first laughable, the idea is shaping into reality. BRICS aims to dethrone the US dollar as the world’s reserve currency by giving importance to local currencies instead. The alliance looks to end dependency on the US dollar and provide no means to fund its deficit. Read here to know how many sectors in the US will be impacted be BRICS completely stops using the dollar. The economic system is experiencing a paradigm shift where developing countries are looking to seize power from the traditional

Pepe Price Kills A Zero - Experts Predict It Can Explode Higher And New Meme Coins Set To Follow

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Meme coin season is back, with the frog-based token Pepe (PEPE) once again leading the charge.  The Pepe price is currently up almost 70% in the past 30 days, and has killed a zero to reclaim the important psychological $0.000001 price level as support once again. Why Is Crypto Going Up? The explosive price action on meme coins and BTC has left many investors wondering - why is crypto up today? According to experts, the crypto market may be seeing the start of its next bull run, with Bitcoin printing a “God Candle” and surging to $35k earlier this week. Many analyst predict that BTC will likely hit the $40k price level before showing any signs of cooling off. Consequently, Pepe - which tends to show a strong correlation with Bitcoin and general market sentiment - is also primed for a strong bullish continuation.  Pepe coin’s official Twitter account also announced today that 6.9 trillion $PEPE tokens - worth $6 million - have been burned today. This burn not only creat

Polygon Labs Announced POL Token Upgrade Live on ETH Mainnet

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Polygon Labs announced the POL token upgrade which is now live on ETH mainnet. Developer relations engineer Jarrod Watts explained POL and MATIC can’t co-exist. Watts said users don’t need to take any action at the moment beyond providing feedback. On Wednesday, Polygon Labs announced in a post on X that the POL token upgrade is now live on Ethereum mainnet. The Labs stressed that Polygon 2.0 “is a roadmap for scaling Ethereum”  in constructing the Value Layer of the Internet. Therefore the new token POL will replace MATIC in an upgrade as they “can not co-exist.” The POL token upgrade is now live on Ethereum mainnet. Polygon 2.0, released this summer, is a roadmap for scaling Ethereum to build the Value Layer of the Internet. POL unlocks that future. POL is a next-generation token that can power a vast ecosystem of ZK-based L2 chains.… pic.twitter.com/gmrsu0ZqLz — Polygon (Labs) (@0xPolygonLabs) October 25, 2023 According to Polygon Labs, POL represent

Recent Funding Rounds for Crypto Projects & Companies on October 23rd, 2023 📈

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1. Port3 Network Financing: Undisclosed Category: Web3 Subcategory: Social Network About Port3 Network: Port3 Network has secured investments and collaboration opportunities from DWF Labs, with significant backing from Jump Crypto and KuCoin Ventures. This funding will bolster BQL’s development and enhance their upcoming social data layer to align with the dynamic needs of Web3. Investors: DWF Labs : Lab located in Singapore, established in 2018, holding 33 portfolio companies. Jump Crypto : Fund of undisclosed location, with a portfolio of 76 companies. KuCoin Ventures : Based in Seychelles, founded in 2017 with 31 portfolio companies. Founders & Team: Max Du Anthony Deng Company Profile: Port3 Network has developed SoQuest, a platform that aggregates and standardizes both off-chain and on-chain data, creating a potent Social Data Layer for Web3 applications. 2. PADS Financial Financing: Pre-Seed, $2.2M Category: Others Subcatego