Tag Archives: Crypto Bits

TL;DR Loom Network (LOOM) saw a 30% price surge, reaching a 5-year high of $0.28, possibly influenced by an Upbit investor purchasing over 21M LOOM worth around $6 million. This investor now holds 653 million LOOM assets, equating to 50% of the total circulating supply. Major cryptocurrencies like Bitcoin, Ether, and others are on a decline, with global market capitalization dropping below $1.1 trillion. The cryptocurrency market seems to be in a bearish mode, but a few...

TL;DR BitPay now allows users to purchase tickets for Taylor Swift’s upcoming “Eras Tour Movie” concert using various cryptocurrencies, including XRP, SHIB, BTC, and ETH. To buy tickets, users should visit the AMC website, select the desired concert, and choose the crypto payment option during checkout. Increasing adoption of cryptocurrencies like XRP and SHIB may lead to a potential price rally, despite their recent price dips. Buying Tickets in Crypto The cryptocurrency...

TL;DR The crypto sector anticipates the US SEC’s decision on spot Bitcoin ETFs from top finance companies. Crypto Rover points to the date as the SEC’s appeal deadline for Grayscale’s ETF, suggesting possible approval for all Spot ETFs if untouched. Industry figures, including Cathie Wood, speculate that the SEC could simultaneously greenlight multiple spot BTC ETF applications. Friday the 13th Seems Like a Pivotal Date It is safe to assume that most cryptocurrency...

TL;DR Despite SHIB’s market drop, whales bought billions of tokens, with one transaction totaling $31 million. Predictions hint at SHIB nearing its price bottom, with the potential to reach an 8-month high soon. Recent Shibarium advancements and Shiba Inu’s token burn are highlighted as positive indicators for the coin’s future. Whales Seem Undeterred Despite SHIB’s Plunge The valuation of the popular memecoin – Shiba Inu (SHIB) – has recently dropped significantly in...

TL;DR After Jim Cramer predicted Bitcoin’s decline, attorney John E Deaton promptly invested in BTC, challenging Cramer’s view. Historically, Cramer’s crypto forecasts, like advising to sell BTC at $17,000, have been off-mark as Bitcoin later surpassed $27,000. Cramer anticipated a 2022 bull run; however, the crypto market faced severe downturns, with Bitcoin dipping below $16,000. Betting Against Jim Cramer John E Deaton – an American attorney representing thousands of...

TL;DR Binance will delist 12 liquidity pools, including XRP/BUSD, from Binance Liquid Swap on October 17, with assets moved to users’ Spot wallets. The move aims to improve liquidity and transaction prices; it has no effect on Binance Spot trading. XRP’s price has seen a decline possibly linked to the delisting. Earlier, Binance removed 19 pairs, predominantly with BUSD, aligning with plans to discontinue BUSD support next year. Binance Removing 12 Trading Pairs The world’s...

TL;DR Turkish crypto exchange Bitcointry successfully integrates the Shibarium chain, sparking optimism for a potential SHIB or BONE rally. LUCIE, Shibarium’s Marketing Strategist, highlights the integration and poses a question about the next exchange to do the same. Launched at the end of August to enhance Shiba Inu’s performance by reducing transaction fees and increasing speed, the network recently surpassed one million blocks and is approaching 3.5 million transactions....

TL;DR Over 1 trillion SHIB assets shifted to exchanges, possibly indicating selling pressure as the price dropped. Some analysts, including trader $SHIB KNIGHT, believe SHIB might rally soon, predicting a potential 8-month high. Shiba Inu’s burning program and the development of Shibarium provide bullish momentum for the coin’s future. What’s Next for SHIB? According to CryptoQuant data, Shiba Inu investors have moved over 1 trillion assets into cryptocurrency exchanges in...

TL;DR Large XRP wallets increased their holdings to $7.9 billion from $7.16 billion in October 2022. Accumulation spiked after major crypto events, including the FTX meltdown and Terra’s LUNA and UST collapse. A positive outcome for Ripple against the US SEC could boost XRP’s price in 2024, alongside other favorable market factors. Buying XRP Amid the Reigning Uncertainty As revealed by the crypto behavior platform Santiment, wallets holding between 100K and 100M XRP have...

TL;DR US crypto exchange Uphold is offering 10,000 XRP (about $5,000) to a user who conducts $20 in eligible trades this October. Uphold had previously introduced a 4% XRP cashback for UK customers. XRP’s future bull run could be influenced by factors like adoption and the Ripple vs. SEC lawsuit outcome. Uphold’s XRP Distribution The US-based cryptocurrency exchange – Uphold – announced it will send 10,000 XRP to one of its users this month. Clients must conduct at least $20...