Crypto news

TL;DR Bullish BTC Forecast: Josh Olszewicz predicts Bitcoin may reach $38,000 by year’s end, based on a chart placing BTC in a bullish zone between $33,500 and $35,000. Potential Price Retrace: If Bitcoin falls below the current resistance, it could retrace to around $31,000. Key Factors for Bull Run: Major drivers for a potential Bitcoin bull run include the SEC’s potential approval of a BTC ETF, the upcoming halving, increased adoption, and institutional interest. Even AI...

With Cardano and Dogecoin engaged in a tight battle, here’s a look into what each of these coins are up to in the near term. The altcoin space has been buzzing with activity over the past few weeks and currently, both Cardano (ADA) and Dogecoin (DOGE) have been engaged in a tight battle for the 8 spot in the top ten crypto list. Over the last week, both these altcoins have delivered over 10% gains, showing strength. Let’s take a look at how both these cryptocurrencies have been performing...

CME’s rise to prominence is often viewed as a sign of an institutional-led rally in the cryptocurrency market. The Chicago Mercantile Exchange (CME), a regulated financial marketplace is surging through the ranks of the largest Bitcoin (BTC) futures and perpetual futures exchanges by Open Interest, and it’s reminiscent of the early stages of the 2020-21 bull run. Bitcoin Futures Exchange: Open Interest and Rankings With a notional Open Interest (OI) of $3.54 billion, CME has now secured...

Although the monetary terms of the acquisition were not disclosed, this is not the first time Animoca Brands would be investing in Web 3.0 game companies. Popular gaming giant Animoca Brands has announced its acquisition of Web 3.0 streaming platform Azarus as part of its metaverse gaming revolution. Animoca would be seeking to leverage Azarus’ cutting-edge technology in a bid to improve its Web 3.0 games streaming capabilities. Although the monetary terms of the acquisition were not...

In anticipation of this pivotal event, there has been a substantial uptick in trading volume for products launched by ProShares and Grayscale. Activity surrounding Bitcoin investment products, particularly exchange-traded funds (ETFs), has seen a notable increase. This surge is primarily driven by the growing excitement within the market about potential ETF approvals in the United States. Speculation and expert opinions on the potential acceptance of the Grayscale Bitcoin Trust (GBTC) by...

K-Bank aims to capture 20% of the crypto market in Thailand through the acquisition of Satang Pro. In a bold move signaling growing integration between traditional finance and the burgeoning cryptocurrency industry, Kasikornbank, one of the largest banks in Thailand, has purchased a majority stake in a local digital assets trading platform called Satang Pro. According to a recent filing, the bank, popularly known as K-Bank in the country, acquired 97% of Satang’s parent company shares,...

Stellar lumen price is attempting a fresh increase from the $0.1100 zone against the US Dollar. XLM price is now trading above $0.1125 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.1140 on the 4-hour chart (data feed via Kraken). The pair could start a decent increase if there is a clear move above the $0.1165 resistance zone. Stellar lumen price is trading above $0.1150 against the US Dollar, like...

XRP price started a downside correction below the $0.565 zone against the US dollar. The price is now trading above $0.540 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.5440 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh increase above the $0.565 resistance. XRP price is consolidating near $0.550 against the US Dollar, like Bitcoin. It must stay above the...

Research by blockchain security firm Hacken has found that most of the crypto projects rug-pulled in the third quarter of 2023 had no audit reports. According to the Q3 2023 Security Insights report, only 12 out of 78 examined rug pulls conducted and reported audits. Most Rugpulled Projects Are Not Audited An independent third-party audit offers a detailed review of a token, identifies the project’s vulnerabilities, and alerts investors. Hacken noted that rug pulls are one of...

The United States is the world’s largest cryptocurrency market, accounting for 24.4% of global transaction activity, according to a recent report by Chainalysis. The report, released on October 23, revealed that there was an estimated $1.2 trillion in value received on-chain between July 2022 and June 2023 in the U.S. Moreover, institutional activity makes up 76.9% of North America’s crypto transaction volume, and activity is split between centralized exchanges and DeFi, it...