The meme coin associated with Solana, BONK, has surged by 5700% this year, outperforming Dogecoin and Shiba Inu, but there are concerns that it may experience a correction period soon.
Binance is now subject to extensive monitoring by the US government following its plea agreement, with a monitorship unprecedented for global financial firms.
The price of Avalanche (AVAX) has surged to a new yearly high of $38, breaking through a 750-day resistance trend line, and analysts predict that the price could reach $60 if the upward momentum continues.
Big crypto mining companies have spent over $1.2 billion on equipment ahead of next year's Bitcoin halving, making it more difficult for smaller miners to compete, while some executives predict that Bitcoin's price could reach $100,000 or even $1.25 million by 2030.
Bitcoin's price dropped below $43,000, erasing last week's gains and leading to nearly $390 million in liquidations across the crypto futures market in the past 24 hours.
Blue-chip traders and institutional investors are still on the sidelines as the cryptocurrency market experiences its "most hated rally," with many waiting for retail investors to return before making big moves, according to CoinShares executive Meltem Demirors.
The cryptocurrency industry is undergoing a leadership shift as influential figures like Sam Bankman-Fried and Changpeng Zhao face legal troubles, opening the door for new entrepreneurs, Wall Street executives, and regulators to shape the industry's future.
Cathie Wood's ARK Invest sold its largest amount of Coinbase shares since July, offloading 335,860 shares worth $49.2 million, as the cryptocurrency exchange's stock continues to appreciate alongside bitcoin's rally.
Bitcoin's recent rebound and the prospect of an approved Bitcoin-based exchange-traded fund (ETF) has sparked interest in Grayscale Bitcoin Trust (GBTC), which could potentially offer early investors a double win if it obtains regulatory approval and narrows its current discount.
Goldman Sachs has revised its forecast for the Federal Reserve's first interest-rate cut to the third quarter of 2024, attributing the change to the recent surge in bitcoin and the broader crypto market, as well as the decline in the 10-year US Treasury yield.
Bitcoin price declined nearly 4% ahead of the upcoming release of November CPI data, with market participants focused on US inflation data and the Federal Open Market Committee's monetary policy announcement.
Conio has partnered with Coinbase to offer Italian banks and financial institutions access to a wide range of digital assets, with plans to support up to 50 tokens by the end of 2023, in response to the growing demand for digital assets among Italian banks, driven by increasing interest in areas like tokenization and the upcoming regulations in crypto assets.
The HTX exchange, connected to Justin Sun, experienced a net outflow of $258 million following a major hack, causing some clients to withdraw funds, although the exchange maintains its stability and commitment to security.
Crypto venture capital firm C1, led by former Coinbase executives, has approached cryptocurrency groups and Australian venture firms to buy private holdings at a discount using its $500 million fund.
Cryptocurrency analyst Ali Martinez predicts that Dogecoin will surge 40% in the next 24 hours, as it has cleared all major resistance levels and has strong support at $0.095.
Bitcoin's recent 4% drop to $42,000 has cooled the overheated crypto perpetual futures market, as funding rates for most coins have receded below 0.1%, indicating that overleveraged traders have been shaken out of the market.
Over $340 million worth of long cryptocurrency positions have been liquidated in the last 24 hours, with Bitcoin and Ethereum leading the way, as market forces affected over 113,594 traders on various crypto platforms.
The price of Bitcoin falls 6.5% to drop below $41,000, erasing five days of gains, as other cryptocurrencies also experience losses.
Bitcoin experienced a slight correction in its price, while some altcoins saw significant gains, with Ethereum surging 5%, reaching its highest price since May 2022. The global crypto market cap increased to $1.6 trillion, and U.S. stock futures showed a slight increase as investors awaited the Federal Reserve meeting.
Bitcoin and other major cryptocurrencies, including ether and sol, experienced a drop in prices at the start of the Asian trading day, with Bitcoin hitting a low of $41,300, before recovering to $42,000, amidst volatility and a significant amount of liquidations.
Bonk (BONK), a dog-themed memecoin on the Solana blockchain, has become the third-largest memecoin by market capitalization, surpassing Pepe (PEPE) with a 370% price growth in the last month.
Crypto analysts believe that the next bull market peak can be indicated by celebrities endorsing nonfungible tokens (NFTs), extravagant spending on luxury items, and mainstream brands adopting crypto slang, among other signs.
Crypto analyst The Flow Horse believes that Solana (SOL) is set for another rally, as buying activity continues and the price appears to bounce off key trend indicators, with a target of $80 in sight, while also predicting a breakout rally for Chainlink (LINK) after a month of consolidation.
The Madeira archipelago in Portugal is becoming a startup hub for emerging technologies, with a particular focus on blockchain and artificial intelligence, representing a shift from its traditional tourism-driven economy. The local tech community is organizing events such as the Madeira Blockchain Conference to promote networking and discussions about the practical applications of blockchain technology. In addition, the article highlights that gaming studios are quietly adopting blockchain without using buzzwords, startups need to consider different types of investors when raising funds, and Madeira is offering tax incentives to attract and support tech companies.
Solana-based memecoin Bonk has experienced a significant surge in value, surpassing other memecoins like Dogecoin, Shiba Inu, Pepe, and Floki Inu, driven by factors such as its listing on major cryptocurrency exchanges and the optimism surrounding the Solana ecosystem.
Bitcoin could be following a pattern similar to Amazon's stock over a decade ago, with both assets forming double tops and experiencing drastic corrections before reaching all-time highs with little to no dips along the way.
Bitcoin's price has surged to the $43,000-$46,000 range, indicating the end of the crypto winter and potentially marking the start of a new cycle, driven by factors such as the Federal Reserve's potential rate cuts and pending applications for Bitcoin ETFs from BlackRock and Fidelity.
Decrypt Media Inc. and Rug Radio are merging to create the world's largest decentralized publishing company, aiming to revolutionize tech-media by combining content creation and consumption, with an emphasis on democratizing the media landscape and introducing a new token to establish a sustainable and equitable media ecosystem.
Former Bitzlato CEO Anatoly Legkodymov has pleaded guilty to federal charges for illegally transporting and transmitting hundreds of millions of dollars worth of illicit funds, admitting to operating an unlicensed money-transmitting business and facilitating transactions with the Hydra Market.
The S&P 500 and Bitcoin achieved new highs, indicating strength in risky assets, while some analysts believe Bitcoin's rally may be ending in the short term.
Bullish enthusiasm continues to reign in the crypto market, with Bitcoin and altcoins seeing substantial gains and meme coins like BONK achieving remarkable growth, while crypto executives like Do Kwon and Changpeng Zhao face criminal proceedings with the U.S. government.
A bipartisan bill introduced by US Senators aims to enforce sanctions against foreign parties that engage in financial transactions with terrorist organizations, including through the use of digital assets.
Bitcoin's inscriptions have been flagged as a cybersecurity risk due to a security flaw in the Ordinals Protocol, potentially leading to spamming the blockchain and affecting network performance and fees.
A man in Dubai missed out on a $70 million fortune after investing $4,000 in Shiba Inu and selling his holdings before the cryptocurrency skyrocketed in value.
A Bitcoin whale has made substantial profits through expert-level swing trades, with two separate addresses depositing a total of over $195 million worth of BTC onto the cryptocurrency exchange Binance.
Crypto analyst Willy Woo highlighted the bull and bear cases for Bitcoin, with the bull case including factors such as decreased rates, the peaking of the US dollar index, the imminent approval of a Spot Bitcoin ETF, and the decline of paper Bitcoin, while the bear case is marked by bearish technicals developing and decreasing futures demand.
Crypto Rover warns that if Bitcoin's price drops to $42,800, it could trigger the liquidation of $400 million worth of long positions, highlighting the fragility of Bitcoin's current support level and the volatility of the cryptocurrency market.
The recent bullish run by bitcoin and other cryptoassets is cause for celebration, but investors should exercise caution to avoid repeating past mistakes and challenges in the crypto space.
With the crypto market showing signs of heating up, three promising cryptocurrencies to consider before the end of the year are Bitcoin, Solana, and XRP, each with their own growth potential and catalysts such as the arrival of the first-ever spot Bitcoin ETF and the resolution of XRP's SEC court battle.
Bitcoin is expected to rally to $48,000 as investors keep track of updates on Bitcoin Spot ETF applications, while altcoins like Ethereum, Chainlink, Arbitrum, and Optimism are also likely to see gains from the Bitcoin price rally.
Bitcoin's market cap is currently $847 billion, and experts believe it could reach $1 trillion by the end of 2023 due to bullish catalysts such as halving events and the potential introduction of a Bitcoin exchange-traded fund. The fixed supply and scarcity of Bitcoin make it an attractive store of value, although its volatility should be considered.
Dogecoin (DOGE) is expected to continue its rally as long as it remains above $0.095, with strong support at this level and the potential for reaching $0.14; similarly, Polygon (MATIC) is predicted to experience more upward movement as long as it remains above $0.80.
Cyvers has detected a $50 million movement of HAXcoin linked to the KyberSwap exploiter, with the funds spread among various addresses, leading to concerns about the security breach and potential vulnerabilities in the Multicall function of the HXA token's smart contract.
Solana, an Ethereum alternative, is attracting capital inflows from the Ethereum chain and has surpassed Ethereum in NFT sales, while its token has achieved significant gains for holders.
Analyst Credible Crypto predicts that Bitcoin is on track to reach $50,000 soon, based on data indicating a healthy market with limited leverage and a reset in funding. However, he also expects a pullback towards $42,000 before the next upward movement.
Pudgy Penguins has announced the upcoming alpha launch of Pudgy World, an immersive digital environment for NFT holders and gamers that features new Hero Characters, story-driven missions, and an open world to explore.
Pudgy Penguins, the NFT-linked toys, will be entering the world of online gaming with the launch of "Pudgy World," an interactive digital playground that offers gameplay options and customization for players.
The United States government has removed two provisions from the National Defense Authorization Act that aimed to address anti-money laundering concerns related to cryptocurrency.
Crypto analysts at VanEck predict that Solana will surpass Ethereum in market share in 2024 and become a top-three blockchain by market cap, TVL, and active users.
Cardano's native ADA token has seen a significant price increase of around 60% in the past week, outperforming major cryptocurrencies like Bitcoin and Ethereum, and driving growth in its decentralized finance (DeFi) ecosystem.