July 2023

Litecoin price at risk of a 30% drop if key LTC futures historical trend repeats

July 21, 2023 boss

With less than two weeks until Litecoin’s halving, when the miner’s block subsidy will be cut in half, traders are questioning whether the additional scarcity effect will be enough to sustain the LTC price above $90. Litecoin’s (LTC) price has declined by 19% in the last 18 days, but it has shown a positive 31% performance this year. Notably, most gains occurred between June 29 and July 2, with a 34% rally pushing the price to a 14-month high of $115. Litecoin/USD 1-day price at Coinbase, 2023. Source: TradingView However,…

Craig Wright Will Be Able to Fight Bitcoin Copyright Claim in UK After Winning Appeal

July 21, 2023

Whether Wright is indeed Bitcoin creator Satoshi Nakamoto will be determined at a trial slated to begin in January 2024. In a case heard in Oslo last year, multiple witnesses offered forensic evidence that documents supplied by Wright purporting to back up his claim to be Nakomoto contain discrepancies, such as fonts that weren’t available at the time. Source

Price analysis 7/21: BTC, ETH, XRP, BNB, ADA, SOL, DOGE, MATIC, LTC, DOT

July 21, 2023 boss

Several Bitcoin price indicators suggest that BTC’s narrow trading range could end soon, resulting in a volatile price move in BTC and altcoins. Bitcoin continues to test investors’ patience, as it remains stuck inside a tight range. Although the near term is boring, traders need to be on their toes because narrow ranges are generally followed by a sharp increase in volatility. The only problem is that it is difficult to predict the direction of the breakout with certainty. Glassnode’s latest weekly newsletter highlighted that Bitcoin’s (BTC) consolidation has shrunk the Bollinger…

Arkham Intel Exchange Shows 11 Submissions Since Debut Including Finding Elon Musk’s Wallet

July 21, 2023

Some bounties that have received a submission include identifying the addresses that exploited FTX during its collapse. Source

Sam Bankman-Fried’s brother planned to buy island and prep for apocalypse: court filing

July 21, 2023

Gabriel Bankman-Fried, the brother of former FTX CEO Sam Bankman-Fried, had a plan to survive a global catastrophe using funds from the now-defunct cryptocurrency exchange. According to a July 20 filing with the United States Bankruptcy Court for the District of Delaware, Gabriel planned to purchase the island nation of Nauru in the Pacific using allegedly misappropriated funds through the FTX Foundation. Projects with the charity “that served little purpose other than to enhance the public stature of Defendants,” according to court documents, included a $300,000 book grant on “humans’…

Sam Bankman-Fried’s brother planned to buy island and prep for apocalypse: court filing

July 21, 2023 boss

Gabriel Bankman-Fried, the brother of former FTX CEO Sam Bankman-Fried, had a plan to survive a global catastrophe using funds from the now defunct cryptocurrency exchange. According to a July 20 filing with United States Bankruptcy Court for the District of Delaware, Gabriel planned to purchase the island nation of Nauru in the Pacific using allegedly misappropriated funds through the FTX Foundation. Projects with the charity — “that served little purpose other than to enhance the public stature of Defendants,” according to court documents — included a $300,000 book grant…

DeFi Project Parrot Puts Fate of Over $70M Treasury, PRT Token, to Vote

July 21, 2023

The redemption plan appears to heavily favor employees and Parrot’s venture investors. Last November, Parrot finance unlocked all remaining team and VC tokens two years ahead of schedule. Community members claim the modified vesting schedule gives these insiders a redemption price of $0.055, 22% higher than the original, public investors. Source

Federal Reserve’s ‘FedNow’ Launch Triggers Fresh Speculation Over Digital Dollar

July 21, 2023

The U.S. Federal Reserve denies that its new instant payments service, FedNow, is in any way tied to the digital asset space. But experts say the new system could lay the groundwork for the infrastructure needed for a potential central bank digital currency (CBDC) in the U.S. And so this week’s announcement has led to a fresh airing of warnings about potential privacy and control risks around a digital dollar. Source

XRP price searches for a fresh bullish catalyst to trigger a move above $1

July 21, 2023 boss

XRP (XRP) price booked an incredible 100% gain on the same day as the landmark ruling in the XRP securities case, but buyers are now struggling to hold on to these gains. The price surge came after judge Analisa Torres of District Court of the Southern District of New York ordered that XRP sale to retail investors does not qualify the token as a security in the U.S. Securities and Exchange Commission’s (SEC) case against Ripple. While the trading interest in XRP is reviving, the technical and network usage data…

Americana, Backed by Reddit Co-Founder Ohanian, Launches On-Chain Service For High-End Collectibles

July 21, 2023

CryptoX – Cryptocurrency Analysis and News Portal Americana CEO Jake Frey, who previously founded a private design studio specializing in digital products and has worked with Apple, Snapchat, Shopify and Twitter, said in a press release that the platform was created to remove friction associated with buying, selling and storing high-end collectibles. Source The post Americana, Backed by Reddit Co-Founder Ohanian, Launches On-Chain Service For High-End Collectibles appeared first on CryptoX. CryptoX Portal