Day: October 21, 2023

Crypto Analyst Predicts 18% Rise To $1,900

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Ethereum (ETH) has so far relatively underperformed in comparison to the flagship cryptocurrency Bitcoin. However, that could change soon enough as a crypto analyst has predicted the second-largest crypto token by market to gain some momentum soon enough.  Ethereum To Hit $1900 In a post shared on his X (formerly Twitter) platform, prominent crypto analyst Ali Martinez mentioned that Ethereum could rise to as high as $1,900. His prediction was based on data that he had pulled up from the chart which he shared in his post.  The chart (a…

Top Crypto Exchange Binance To Shutter Visa Debit Card Program in Europe

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Binance is shutting down its crypto-powered Visa debit card in Europe. The top global crypto exchange by trading volume says Binance Card services will stop working in the European Economic Area (EEA) in December. Binance notes that customer accounts won’t be impacted. The exchange urges European customers to transition to Binance Pay, the company’s crypto payment technology. And here goes the #Binance Visa Debit Card! First Paysafe providing EUR on/offboarding, now Contis providing the debit card, what’s next? pic.twitter.com/e7EF7G7CVN — Michael ??S?? (@M_affirmed) October 20, 2023 Binance first rolled out the…

Uniswap founder burns $650B HayCoin against speculation

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Uniswap founder Hayden Adams burned 99% of the HayCoin (HAY) supply on Oct. 20, according to an announcement on X (formerly Twitter). The majority of the tokens have been removed from circulation due to Adams’ concerns about price speculation over the previous days. Adams deployed the HAY token for testing five years ago, before the launch of the decentralized protocol Uniswap. He created a small test liquidity pool with a tiny fraction of the total supply and kept over 99.9% of HAY tokens in his wallet. Just a few weeks…

MENA’s crypto market flourishes amid challenges of Shariah compliance

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. While the West is still debating whether the crypto winter is finally over, the answer is unequivocal for the Middle East. Last month, the Sultanate of Oman announced a series of investments in mining infrastructure at almost $800 million in value, indicating Oman’s decision to join the digital arms race for control over the competitive regional landscape. Just over two years ago, such large-scale investments would be…

Ethereum ICO Participant Wakes Up After 8 Years, Moves $3 Million In ETH

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The Ethereum initial coin offering (ICO), which took place in 2014, represents one of the most significant events in the history of cryptocurrency. As the network had not begun generating tokens autonomously, the ICO event allowed early investors and enthusiasts to accumulate ETH, currently the second-largest cryptocurrency by market cap. Latest on-chain data shows that one of the ICO participants has become active for the first time in more than eight years, transferring their pre-mined stash of Ether tokens to different addresses on Saturday, October 21.  💤 A dormant pre-mine…

Runtime And MultiversX Launch ZK Rolloups Backed With NASA Tech

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In the next three days, our team at NewsBTC will cover xDay 2023, an event organized by MultiversX in the Palace of Parliament, Romania. Formerly known as Elrond, the project rebranded in 2022 and focused on the Metaverse, scalability, and global adoption by simplifying users’ access to crypto. During the event’s final day, security audit firm Runtime Verification announced the launch of PI Squared, a universal ZK Rollup that will run on the MultiversX blockchain. The scaling solution is backed by technology developed by the U.S. National Aeronautics and Space…

Metaverse supporter Roblox reportedly asking employees to return to office

One of the vocal supporters of the metaverse is now calling for employees to return to the office. Roblox appears to be shifting from remote-only working to a hybrid mix of in-office and remote work models, as reports say the firm’s head, David Baszucki, is calling on employees to begin working from the office in San Mateo by the summer of 2024. As reported by The Verge, Baszucki wrote in a corporate letter that the firm will soon be relying on a model where staff will be working three days…

Crypto traders can avoid leaving money on the table

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. In today’s evolving crypto landscape, there’s a vast range of opportunities intertwined with complex challenges. Navigating the turbulent waters of the still-nascent crypto and defi market demands that even the most seasoned traders be hypervigilant. But when given the right tools, traders of all experience levels can survive this bear cycle and be well-positioned for a market rebound.  The crypto realm is a double-edged sword, offering both…

Finance Author Believes Bitcoin Is Headed To $135,000

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The crypto community is buzzing with excitement after a renowned finance author predicts an impending Bullish outcome for Bitcoin. The words of the respected financial figure have raised questions and discussions across the crypto community.  Rich Dad Poor Dad Author Sees Bitcoin Rising  Japanese-American entrepreneur and author of the famous Rich Dad Poor Dad book, Robert T. Kiyosaki recently stated in an X (formerly Twitter) post on Thursday, that Bitcoin was poised to reach $135,000 after hitting a $30,000 mark at one point on Friday following rumors of BlackRock’s Bitcoin…

Morgan Stanley says crypto winter may be over

Analysts see signs indicating that the notorious crypto winter ‘may be in the past’ with crypto spring ‘is likely on the horizon.’ The crypto market is showing signs indicating that the crypto winter may finally be over and that crypto spring “is likely on the horizon,” according to Morgan Stanley’s analysts. In a report published by the Morgan Stanley Wealth Management team, Denny Galindo, an Executive Director within the Equity Model Portfolio team, noted there is still a possibility that anything can go wrong, adding there have only been three…