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A new Crypto Whale has emerged, purchasing over $50 million in crypto assets. The whale, with the address marker ‘0x865’ has accumulated a total of $51.54 million in assets, according to Spot on Chain. Among the purchased crypto is approximately 300 billion Shiba Inu (SHIB). This latest whale accumulation of SHIB is a surprising move, given that on-chain large transaction volume has reportedly dropped by 90% from its peak in early November. Some market watchers have taken this as a sign that the market is slowly moving away from Shiba Inu towards alternative crypto coins. Source: WatcherGuru Furthermore, Shiba Inu has been in the red often over the past months. Reports have emerged that many holders of SHIB are at a loss. At press time, Shiba Inu is trading at $0.000008216. Also Read: Shiba Inu: How High Can SHIB Go in December 2023? Besides Shiba Inu, The Crypto Whale Took in other Top Assets Other than SHIB, the latest big Crypto Whale acquired other top cryptoc...

Despite a slight slowdown, the cryptocurrency market has been on a roll in the past weeks and months that has seen Bitcoin (BTC) surpass $37,000 and rush further. At the same time, altcoins , i.e., cryptocurrencies other than the maiden digital asset, are also demonstrating strength. Indeed, the pseudonymous crypto expert Moustache recently identified a possible breakout for altcoins from the Gaussian channel, mimicking the chart pattern from three years ago that started the first big altseason in history, and these five assets could be the ones to stand out in a similar event. #1 Solana (SOL) As it happens, the crypto trading analyst Altcoin Sherpa has shared the view that Solana (SOL) might go “to 3 digits in 2024,” despite expecting “some chop between $50-$75 for some amount of time,” as usually, the “price likes to fill out the inefficiency,” the expert said on November 30. Solana price analysis and prediction. Source: Altcoin Sherpa For the time being, Solana is currently...

The crypto currency market often reflects broader cultural phenomena, and the recent resurgence in the trading volume of the Squid Game token (SQUID) is a prime example.  Originally launched in late 2021, SQUID gained notoriety for its dramatic plunge and the subsequent scandal involving its developers. Despite its troubled past, the token is now witnessing a notable uptick in trading activity, prompting investors to take a closer look. SQUID initially captured the market’s attention, only to plummet by over 99.99%, resulting in significant investor losses. The downfall was attributed to a rug pull by anonymous developers who reportedly absconded with about $3.4 million, according to BscScan transaction records. This event marked one of the most significant scams in crypto history and left the SQUID token in a state of disarray. Transaction records. Source: BscScan Cryptocurrency Bloomberg analyst reaffirms 90% chance of Bitcoin ETF approval in January ...

The “failed” blockchain games are those that have seen their 14-day moving average number of active users down more than 99% from its peak. More than three-quarters of all blockchain games launched in the last five years are dead in the water, according to a recent study from CoinGecko. Out of 2,817 games launched between 2018 and 2023, which were included in the study, only 690 of them still have a somewhat active player base. CoinGecko defines a “failed” Web3 game as one where the 14-day moving average number of active users drops 99% or more from its peak. More than 75% of Web3 games have failed over the last five years. Source: CoinGecko While 2021 saw the highest number of blockchain games launched in a single year with 738 games , the following year — marred by major crypto collapses, saw the highest number of games to fizzle out, with 742 failing in a single year. This puts the average failure rate of Web3 games at around 80% for any given year since 2018, according to CoinGe...

Sinbad was used by North Korean cyber criminals to launder hundreds of millions stolen from some of crypto ’s biggest hacks like Ronin Bridge and Atomic Wallet, said the Treasury. The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sanctions against Sinbad, a crypto currency mixing service allegedly leveraged by bad actors including North Korea’s Lazarus Group for digital asset money laundering.  Sinbad’s platform was used to funnel hundreds of millions of dollars in crypto looted from crypto’s largest exploits like the $600 million Axie Infinity Ronin Bridge hack, Atomic Wallet’s $100 billion breach, and Harmony Horizon’s $100 million loss, according to a Nov. 29 statement. Due to OFAC sanctions, Sinbad’s website was shut down by a joint operation between the FBI, the Dutch Financial Intelligence and Investigation Service and the Finnish National Bureau of Investigation. Mixing services that enable criminal actors, such as the Lazarus Grou...

Duelbits has announced a strategic alliance with Luis Suarez, a Uruguayan national team and former Liverpool and FC Barcelona star. The online casino and sports betting platform will use the partnership in a brand campaign across the globe. Duelbits has partnerships with Aston Villa and the Argentina national team. Duelbits, a crypto sportsbook and online casino platform, has announced a partnership with football star Luis Suarez. According to details shared with CoinJournal, the partnership is part of Duelbits’ global expansion and will see Suarez champion the platform’s campaigns.  Duelbits will use Suarez’s image in its brand campaigns as they celebrate the former FC Barcelona, Liverpool and Atletico Madrid striker’s remarkable career, the company said in the press release. Suarez, who currently plays for Gremio in Brazil, is a Champions League and Copa America. The Uruguayan also played for Ajax. He has scored more than 5...

The SEC in the Philippines said Binance is not authorized to operate in the country.  The regulator stated that the crypto exchange has violated securities regulations through its operations in the country.  Binance operators and dealers in the Philippines risk criminal convictions in light of their operations. The Securities and Exchange Commission in the Philippines announced on Tuesday that the world’s largest cryptocurrency exchange, Binance, is not authorized to operate in the country. The regulator made the disclosure in a blog post where it noted that the crypto exchange has a considerable presence in the country. Based on the report, Binance allegedly used various social media promotional efforts to draw Filipino users to its platform.  Furthermore, the SEC said that information on the exchange’s website shows that it runs a facility to trade financial instruments and offers investment products. However, the regulator said these services or p...

The request for public comment are standard for ETFs under review and have an open period of 35 days. The United States Securities and Exchange Commission has announced the next steps in its consideration of the proposed Franklin Templeton and Hashdex spot Bitcoin (BTC) exchange-traded fund (ETF) bids. The agency has requested written comments on both proposals to approve or deny the applicants’ Forms 19b-4. SEC Form 19b-4 is a public disclosure approved by the SEC Trading and Markets Division separately from Form S-1, the offering prospectus subject to Corporate Finance Division approval. The SEC’s requests have an open period of 35 days from their public ation in the Federal Register for both comments and responses to comments. The SEC release on the Franklin Templeton Bitcoin ETF. Source: SEC The proposed rule changes — effectively applications — that would allow the trading of the ETFs were filed in late September. The Hashdex ETF would be traded on the New York Stock Exchange Ar...

The ever-evolving financial sector has presented seemingly endless ways to purchase things. Indeed, the modern economy has developed both digital and physical options for acquiring or selling items and is changing by the day. But what about money order s? Let’s explore their relevancy in a rather small and specific way by asking if QuikTrip does money order s. QuikTrip is a popular chain of convenience stores that has more than 1000 stores, with more opening consistently. The chain is mostly based in Oklahoma and has a strong presence in the midwest, south, and western regions of the United States. Alternatively, a money order is a rather overlooked form of payment. The form of payment can be more secure than cash and function similarly to a check. Specifically, you would pay the value of a money order and any associated fees. Subsequently, the individual receiving the money order would take it to their bank and cash it for the intended amount. Also Read: Can I Get a ...

DOGE’s support at $0.075 could prevent it from another nosedive. SHIB may head northward while FLOKI’s overbought signals suggest a reversal. MEME may be at risk of dropping below $0.025; PEPE traders may find good entries around $0.000001. Led by Dogecoin (DOGE), the memecoin market has not had a good show since the start of November. For instance, DOGE’s value in the last 30 days has decreased by 3.70%, according to data from CoinMarketCap. Others like Memecoin (MEME), Floki (FLOKI), Shiba Inu (SHIB), and Pepe(PEPE) have also seen their prices slip within the same period. At press time, SHIB’s price was $0.000008, indicating a 7-day 4% decrease. PEPE exchanged hands at $0.0000010, representing a 5.14% plunge. The prices of MEME and FLOKI were not any better, losing 1.23% and 17.32% of their respective values within the same period. The recent performance of these memecoins contrasts with October, when most enjoyed substantial increases. However, the...

Global cryptocurrency exchange Binance paid one of the largest corporate fines in history for challenging the financial and political status quo in America, according to Arthur Hayes. The explosive growth and success of Binance outside of the control of traditional financial and political establishments led to heavy-handed enforcement actions against the exchange, according to former BitMEX CEO Arthur Hayes.  Hayes delved into the recent $4.3 billion settlement paid out by Binance in a lengthy Substack blog. This comes after the exchange and its founder, Changpeng “CZ” Zhao, admitted to violating United States laws around money laundering and terror financing. As Hayes highlights, CZ’s global exchange became the largest by trading volume in the six years since its inception in 2017. The former BitMEX CEO points out that Binance would also be rated in the top 10 traditional exchanges by average daily volume, which is indicative of its growing influence on a global scale. “The problem f...

In a recent significant development, a US judge handed down a ruling that determined Ripple’s XRP should not be classified as a security. However, the lawsuit still keeps dragging on with no proper closure date. As a result of this pivotal decision, the price of XRP experienced a remarkable surge in the market. The victory was considered monumental for Ripple, as the prolonged lawsuit came to an end. However, the surge was short-lived until now. XRP’s price has not been quite as high as compared to other altcoins. XRP is trading at $0.601347, with a 2% drop in value over the past 24 hours. XRP is down by 3.2% over the last 7 days and 10% up in the last 30 days. Here is our price prediction for Ripple XRP for December. Also read: Solana (SOL) Price Prediction: November End 2023 Ripple price prediction for December 2023 Cryptocurrency experts at Changelly have given their price prediction for Ripple XRP for December. According to the analysts, XRP is forecast to reach...

Ripple (XRP): Navigating a critical legal battle with the SEC, Ripple (XRP) faces price volatility, and its future hinges on the lawsuit’s resolution. Cardano (ADA) and Dogecoin (DOGE): Cardano (ADA) benefits from increasing staking rewards and adoption, while Dogecoin (DOGE) remains a speculative asset influenced by social media trends and investor sentiment. ScapesMania : Emerging as an innovative player in the crypto market, ScapesMania is gaining traction with unique revenue streams and strong presale performance. The cryptocurrency market is currently on an upswing, with investor optimism driven by anticipation for the upcoming Federal Open Market Committee (FOMC) minutes. Speculations about a Bitcoin Spot ETF approval and other developments are fueling a bullish market run.  This move by a major asset manager can impact cryptocurrencies like Ripple ( XRP ), Cardano ( ADA ), Dogecoin ( DOGE ), and the emerging ScapesMania. Which of th...

The US Securities and Exchange Commission (SEC) is struggling to serve Hex and PulseChain founder Richard Schueler, best known as Richard Heart, with a lawsuit, causing an appearance in court via teleconference to be postponed until Jan. 30 from Nov. 28. Schueler , who resides in Helsinki, Finland, has been accused of raising more than $1 billion in unregistered securities offerings since the end of 2019. The SEC has also said that he misappropriated investor assets and defrauded investors.  Richard Heart Used Money To Fund Lavish Lifestyle He also allegedly spent the proceeds lavishly on luxury cars, designer clothes, and a black diamond dubbed The Enigma. The SEC requested in August that the Ministry of Justice of Finland serve the lawsuit to Schueler, according to a recent filing . Since then, however, the SEC has not received confirmation that the founder has been served. Magistrate Judge Peggy Kuo is overseeing the case for the Eastern District of New York. The Eastern ...

Investors with low crypto allocations could feel the consequences of staying on the sidelines. Once Bitcoin (BTC) surpasses $40,000, it transitions from the current pre-bull market to a full-fledged bull market, attracting retail investors. Small caps, particularly coins trading under a dollar, may post huge gains.  Galaxy Fox: leading meme coins?  Investors seeking high-potential tokens can consider Galaxy Fox for their portfolios. The play-to-earn (P2E) platform features a runner game and rewards top-ranked players each season. However, Galaxy Fox’s strength lies in its ecosystem. Investors can earn stake GFOX in the Stargate module and receive rewards. Unlike most altcoins that issue new tokens to stakers, Galaxy Fox utilizes buy-and-sell taxes to fund these rewards. You might also like: Polkadot holders shifting attention to GameFi Coins, including Galaxy Fox Astute investors recognize that this lack of inflation, combined with most tokens being releas...

Vertex Protocol (VRTX), the decentralised exchange (DEX) on Arbitrum, is seeing increased volumes for spot and perpetuals. VRTX price was 33% up in 24 hours, hitting $0.44 and 89% up from $0.22 on November 22. Total value locked (TVL) has reached $32 million. Most altcoins are trading at near year-to-date highs after mirroring Bitcoin’s march to its highest price in 18 months – the spike to above $38k. With the overall market outlook remaining bullish, analysts are pointing to a potential upward continuation for BTC. Here is what to know about Vertex Protocol (VRTX) going into next week. Vertex (VRTX) The Vertex Protocol is a decentralized exchange ( DEX ) on Arbitrum that offers spot, perpetuals and money markets. The hybrid orderbook-automated money maker DEX has seen increased volume in the past few days, with its 24 hour trading volume surpassing dYdX as top volume DEX for perpetuals. Another 24h volume ATH for @vertex_protocol! It s...

Early investors of Shiba Inu (SHIB) have reaped millions of dollars in profit. Many who sold early regretted their decisions and wished they held on longer. From its launch in August 2020 till reaching its all-time high of $0.00008616, SHIB’s price surged by millions of percent. However, the token has been on a downward momentum after its 2021 highs. Nonetheless, many SHIB investors and analysts anticipate the asset to regenerate steam in 2024. Also Read: Shiba Inu: Here is How To Make $20 Million When SHIB Hits $0.01 How much Shiba Inu is needed to be a millionaire at $0.001? Source – The Cryptonomist At $0.001, an investor would need 1,000,000,000 (1 billion) SHIB tokens to have $1 million worth. The price of 1 billion SHIB right now is about $8,220. SHIB reaching $0.001 would translate to a growth of around 12,000%. Since its launch, SHIB has grown by much more than just 12,000%. Hence, such a price rise is not something the project has not experienced before. ...