News - Page 14

BitMEX co-founder Arthur Hayes has been bullish on Bitcoin in the last few months and recommended the crypto community to buy the dip when BTC price was trading under $25,000. Bitcoin is up 75% this year and the U.S. Fed Reserve pivot confirms a massive pre-halving rally, the crypto market awaited after the most devastating bear market crypto community has ever seen.

Northern Data AG, one of Europe’s largest Bitcoin mining companies, has announced that it has entered into a loan agreement with the Tether group. The loan agreement, which includes Northern Data AG and its subsidiaries, provides a debt financing facility of €575 million.

A widely followed crypto trader is warning that altcoins face a bearish outlook in the event that Bitcoin (BTC) reaches new local highs.

Ethereum (ETH) has been quietly making significant progress amidst the attention-grabbing performances of Solana, XRP, and Cardano in the altcoin market rally. With a 2% increase in the last 24 hours, the ETH price has reached $1839, accompanied by a market cap of $221 billion.

Solana continues its unstoppable rally, gaining another 12% in the last 24 hours and reaching its 14-month highs of $46. This impressive surge has allowed Solana to recover all the losses it experienced after the collapse of the crypto exchange FTX.

In a strategic move, MicroStrategy has purchased an additional 155 bitcoins for $5.3 million, further expanding its cryptocurrency portfolio. This acquisition comes as Bitcoin's market value reaches a significant yearly peak, as noted by Chairman Michael Saylor. With this latest investment, MicroStrategy solidifies its position in the digital currency sphere.

A crypto strategist who accurately called the top of Bitcoin’s 2021 bull market is expecting another leg up for XRP. Pseudonymous analyst Pentoshi believes that XRP looks bullish after breaking through a key resistance level at $0.548. He suggests that a breakout above $0.548 could lead to a price range of $0.62-$0.63.

A trader who accurately called Bitcoin’s May 2021 crash believes that the king crypto has officially entered a bull market. Pseudonymous analyst Dave the Wave points out that Bitcoin’s moving average convergence divergence (MACD) indicator on the monthly chart has flipped bullish after crossing over the zero level.

A Telegram trading bot crypto project that was launched earlier this year has been exploited for more than $600,000. The team behind the Unibot (UNIBOT) crypto project has confirmed that the hack was a token approval exploit. They have taken immediate action by pausing their router to contain the issue. The team assures users that any funds lost due to the bug on their new router will be compensated and that their keys and wallets are safe. They have also promised to release a detailed response after completing their investigations.

The central bank's stance on economic growth remains unchanged, as indicated in its recent policy statement. The bank acknowledges the presence of risks to economic growth, a sentiment that aligns with its previous statement in September. However, the decision on whether to implement another pause or rate hike at the December meeting will be based on incoming data. This suggests that the central bank is closely monitoring economic indicators to make informed decisions. It is important for stakeholders to stay updated on the latest economic data as it will play a crucial role in determining the central bank's next move.

The XRP price recently broke free from a two-month-long accumulation phase, indicated by its exit from a triangle pattern. This breakout resulted in an 11% gain, pushing the coin's price from $0.54 to its current trading level of $0.6. However, given the current market volatility, the question remains: can buyers sustain this momentum?

Tron (TRX) price is showing strong bullish momentum, defying the sluggishness in the overall market. This week, while Bitcoin price remains below $35,000 and Ethereum price wobbles around $1,800, Tron and Solana (SOL) have been performing exceptionally well.

Sam Bankman-Fried, a prominent figure in the crypto world, has undergone a transformation in his goals and aspirations. While he initially presented himself as an effective altruist, whose primary objective was to accumulate wealth for charitable purposes, recent allegations suggest a different motive.

Modulus is a cutting-edge technology that harnesses the power of zero-knowledge machine learning (ZKML) to ensure the accuracy and integrity of AI models. By utilizing zero-knowledge proofs, Modulus provides a robust method for verifying the correct execution of AI models.

Some people in the crypto community have long assumed that Web3 would naturally follow the same path as the Web did in the 1990s. However, this assumption overlooks the regulatory advantages that the early Web enjoyed, such as the absence of sales tax and the legal protections provided by acts like the Digital Millennium Copyright Act and the Communication Decency Act. These regulatory tailwinds played a significant role in the success of the Web. It is important to recognize that Web3 does not have the same favorable regulatory environment and will face different challenges. As we navigate the development of Web3, it is crucial to consider the regulatory landscape and work towards creating a supportive framework for its growth and adoption.

Floki, in a recent post on X (formerly Twitter), has accused Bitget of listing the token without permission and subsequently listing a fake version of TOKEN before its official release. Floki further alleges that Bitget conducted tens of millions of dollars worth of trading volume without actually possessing any tokens in their wallet.