Day: October 6, 2023

Here Is When BTC Could Revisit $20,000 Again

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Based on several factors, the latest Bitcoin news points to a potential bullish continuation in the long term. However, the short term remains uncertain; the cryptocurrency continues to trade in a tight range, although BTC has shown a spike in volatility. As of this writing, the Bitcoin price trades at $25,500 with a 2% loss in the last 24 hours. In the previous seven days, the cryptocurrency maintained some of its profits as most of the tokens in the top 10 by market cap traded in the red after experiencing…

3 reasons why Solana (SOL) price is up this week

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Solana (SOL) price experienced a 20% gain between Sept. 28 and Oct. 6, but is the rally a tandem move with Bitcoin (BTC) price or is it being driven by other factors. Prior to the price breakout, or perhaps, it’s recovery, SOL faced a turbulent period after a U.S. court approved the sale of $1.3 billion in SOL from the bankrupt exchange FTX. Solana daily price index, USD. Source: TradingView The bankruptcy court has taken measures to ensure that the liquidation of FTX assets won’t become a burden for the…

Galxe protocol experiences DNS attack, losses top $150,000 so far and still growing

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The website of Web3 community platform Galxe was offline for about an hour on Oct. 6. Galxe reported on X (Twitter) that its website was down at 14:44 UTC and 40 minutes later posted an update confirming that it had experienced a security breach affecting the company’s Domain Name System (DNS) record. It warned against visiting its domain until the situation is remedied.  Galxe has not confirmed that its website is safe to use again at the time of writing. After the website was restored, some X posters were reporting…

Crypto CEO Predicts SEC Will Drop Charges Against Executives

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The civil trial of the US Securities and Exchange Commission’s (SEC) case against Ripple and its top executives, Brad Garlinghouse and Chris Larsen, is set to commence on April 23, 2024. However, the Founder of Dizer Capital, Yasin Mobarak, believes that the SEC will withdraw its charges against Garlinghouse and Larsen before then. Why The SEC Will Drop Charges Against Ripple Founders In a tweet shared on his X (formerly Twitter) platform, Mobarak stated that the reason for his prediction is that it is not in the SEC’s interest to…

Hong Kong Financial Regulator Forms New Partnership With Police To Monitor Crypto Exchanges

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The supervisory body regulating the securities and futures market in Hong Kong teams up with the city’s police force to form a working group that aims to combat illegal activities on virtual asset trading platforms (VATPs). In a statement, the Securities and Futures Commission (SFC) says it has established a dedicated working group with the Hong Kong Police Force (HKPF) following a high-level meeting between the two parties in late September. The SFC says the group is composed of representatives from its Enforcement Division and Intermediaries Division and HKPF’s Commercial…

Chainlink To Go “Parabolic” After Breaking 28-Month Downtrend?

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Chainlink (LINK) is trading at $7.60, still unable to escape the range between $5 and $8 it has spent over a year in. Its recent attempt at a rally, however, has triggered an important “parabolic”signal following a length, 28-month long downtrend. Chainlink Taps Parabolic SAR After 28-Month Downtrend Chainlink earned itself a reputation as a “blue chip” cryptocurrency during the last bear market. While Bitcoin, Ethereum, and other altcoins remained relatively bearish until the end of 2020, LINKUSD defied all odds and expectations by rising nearly 10,000% leading up to…

Far From the SBF Trial, a Very Different Web3 Narrative Is Unfolding

I have spent the last two years writing a new book, “Web3: Charting the Internet’s Next Economic and Cultural Frontier,” shining a light on the ways in which citizens, entrepreneurs, creators and business leaders are being impacted by Web3. I have reached a different conclusion: If Web1 and Web2 democratized access to information and made it easier to meet and collaborate online, Web3 equips us with a more powerful toolset to earn money, own assets, and build wealth on a globally level playing field, decentralizing power and influence in the…

Gaming Demo Day with Cointelegraph Accelerator, Animoca Brands, BGA, Metaera, Cipholio and Sandbox

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Web3 gaming has become one of the hottest trends in the tech world, and not without a good reason. Using blockchain technology to give more control to gamers turned out to be a fascinating idea and catapulted Web3 gaming to the main stage of Web3 space. Web3 gaming applies key principles of blockchain technology – including decentralization, true ownership and community – to video games. Blockchain has enabled the creation of concepts such as play-to-earn (P2E), nonfungible tokens (NFTs) and more to cater to the needs of true players who…