Crypto news

Space and Time, a data warehousing player, announced that it will enable its novel zero-knowledge (ZK) proof for SQL operations to work with Google Cloud’s warehouse, BigQuery. Dubbed ‘Proof of SQL,’ Space and Time’s new ZK protocol, will enable developers leveraging BigQuery to cryptographically confirm query results were computed accurately and on untampered data. BitQuery is the latest to incorporate the ZK-proof technology while citing that the end goal is to establish...

Stablecoins are often viewed as assets that pose systematic risks to the financial market. However, these pegged tokens have become the most popular category among investors amid adverse market conditions. QuickNode’s latest on-chain report revealed a notable surge in stablecoin activity across blockchain networks. Stablecoins saw a 45% growth in active addresses and a 41% increase in transactions between the first and third quarters. Contrastingly, DeFi experienced...

TL;DR Michael Saylor predicts Bitcoin could potentially 10x in value, bolstered by the 2024 halving event and a reduction in BTC selling pressure from miners. Saylor emphasizes the potential of a Bitcoin spot ETF to attract institutional investors, which could significantly drive up Bitcoin’s price. He advocates for a mature and stable crypto industry, citing the need for a shift away from speculative tokens towards Bitcoin, especially after Sam Bankman-Fried’s conviction for...

TL;DR CryptoCon predicts Bitcoin could reach $47k by December 2023 or January 2024, based on the Fibonacci MVRV chart analysis, a tool that compares market capitalization to realized capitalization to identify potential overbought or oversold conditions. The analyst’s previous predictions have been accurate, such as the rise of Bitcoin from around $29k and projecting a pause at $36k; he now sees the bullish trend continuing into 2024, following patterns observed in 2020....

Technical Analysis By TradingRage Ethereum’s price has been rising rapidly following a rebound from the $1,550 support level. While it is yet to reach the key $2,000 level, specific clues on the chart suggest that it is only a matter of time before it does. The Daily Chart On the daily chart, both the 50-day and the 200-day moving averages, located around the $1,700 and $1,800 marks, respectively, have been broken to the upside. The market is currently piercing through the...

German asset management powerhouse DWS Group, with a staggering $900 billion in assets under management, is poised to make a significant foray into cryptocurrencies. The firm is gearing up to introduce exchange-traded funds (ETFs) dedicated to digital assets for retail investors, signaling a pivotal moment in the convergence of traditional finance and the burgeoning crypto space. DWS Group Contemplates Crypto DWS Group is set to join the ranks of major financial institutions...

Technical Analysis By TradingRage Ripple has been demonstrating bullish price action against both USDT and BTC recently. Investors are once again looking optimistic about the short-term future. Yet, some signs suggest that a pullback or consolidation might be on the horizon. The USDT Paired Chart Against USDT, the price has been on a consistent rise since a rebound from the $0.5 level earlier in October. The 50-day and 200-day moving averages were also broken to the upside,...

Bitcoin’s price managed to climb above the coveted $35,000 level, which seems to be the major target for the bulls throughout the past few days. Meanwhile, some of the altcoins are popping and charting massive gains. Bitcoin Reclaims $35K Bitcoin’s price is pushing above $35,000 in an attempt to reclaim this level once again. At the time of this writing, the cryptocurrency is trading at around $35,100, charting an increase of around 0.8% throughout the past 24 hours. Source:...

The market is getting ready for yet another month of token unlocks. Data suggest that there were substantial unlocks exceeding $10 million in November, featuring tokens such as SUI, IMX, HFT, APT, APE, AVAX, OP, and others. Nearly $400 million worth of assets will enter circulation following the unlock events. Token Unlock: November Edition According to the TokenUnlocks website, SUI is the first token to be unlocked this month on November 3rd. These newly unlocked tokens –...

In a recent revelation, Elastic Security Labs has uncovered a sophisticated cyber intrusion by North Korean hackers believed to be associated with the Lazarus group. This incident, tracked as REF7001, involved the use of a new macOS malware named Kandykorn, which has been specifically designed to target blockchain engineers involved in cryptocurrency exchange platforms. North Korean Hackers Target Crypto Engineers with Discord-Distributed Malware Elastic Security Labs has...