Month: October 2024

TL;DR Despite recent declines, one analyst predict a possible XRP breakout to $7.50 by the end of 2024. Increasing XRP transactions, new account activations, and payment volumes suggest heightened demand and user engagement, potentially adding upward price pressure. XRP Breakout Coming Soon? The cryptocurrency market has been booming in the...

The cryptocurrency market has increased substantially in the past 24 hours, with its total capitalization reaching $2.5 trillion. This comes on the back of gains across the board. Most notably, BTC’s price soared above $71,000 as the bulls are now eyeing a new all-time high. Bitcoin Bulls Eye All-Time High...

TL;DR Dogecoin’s price surged to a five-month high, likely fueled by Elon Musk’s social media interaction and discussion of a potential “Department of Government Efficiency (DOGE)” initiative. Despite bullish sentiment, the asset’s RSI at 78 suggests it may be overbought, raising the potential for a short-term correction. DOGE’s Bull Run...

Bitcoin (BTC) has struggled below the $70,000 price for over four months. Even the much-lauded “Uptober” failed to bring it above it for quite a while, until yesterday. However, a CryptoQuant analyst projects that the current metric on the Miners’ Position Index (MPI) will significantly aid Bitcoin’s price gain to...

Tether CEO Paolo Ardoino has disclosed details about the stablecoin issuer’s reserves, revealing that it holds $5.58 billion in Bitcoin (BTC), $3.87 billion in gold, and approximately $100 billion in U.S. Treasury bonds. This breakdown comes as the company faces allegations of a federal investigation in the U.S. and renewed...

Japan’s investment firm Metaplanet has increased its Bitcoin (BTC) holdings to over 1,000. This follows a recent purchase of 156.7 BTC for approximately 1.6 billion yen, or about $10.4 million. Metaplanet Shares Surge 7.18% Following Purchase The acquisition, announced on Monday in an X post, brings Metaplanet’s total Bitcoin reserves...

FTX has agreed to settle its lawsuit against Bybit, its executives, and investment arm Mirana, securing an expected $228 million to aid in repaying creditors. This recovered amount is expected to help the bankrupt exchange repay its creditors. FTX-Bybit: Closure in Sight The deal, outlined in an Oct. 24 court...

One thing that Telegram mini-games proved is that crypto adoption doesn’t necessarily start by pushing complex technologies and burdensome onboarding processes that considerably hinder user experience. With just a few mechanics and clear in-game economies and rewards, Telegram-based crypto games made headlines throughout 2024, creating a fuss on social media...

The advancement of computing power over the past few decades has been extraordinary. As computers become more powerful, hackers gain access to more sophisticated tools to launch attacks against crypto platforms. The threat of quantum and AI-driven hacks will soon be a major challenge for crypto entrepreneurs and developers. Web3...

Investment inflows into digital assets reached a whopping $901 million in October, comprising 12% of assets under management and marking the fourth-largest monthly inflows to date. With these additions, year-to-date inflows have reached $27 billion – almost triple the 2021 record of $10.5 billion. US Political Climate Drives Bitcoin Inflows...