Day: November 7, 2023

Near-Term XRP Price Rally Of 270% Is Imminent: Crypto Analyst

The XRP price has seen a strong uptrend in recent days, demanding attention from investors and analysts alike. According to crypto analyst Dark Defender, XRP has surpassed the short-term price target of $0.66, a bullish signal for the digital asset’s trajectory. “We set $0.66 as a very short-term target, and now it’s broken in the 4-hour time frame. Congrats, who believed in it,” tweeted Dark Defender. The Next Near-Term XRP Price Target The analyst highlights the necessity for XRP to maintain its stance above this level to confirm its bullish…

Coinbase to stop supporting Bitcoin SV by 2024

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Coinbase plans to liquidate the remaining BSV holdings in its wallets by January 2024. Cryptocurrency exchange Coinbase is set to completely remove Bitcoin’s (BTC) hard fork, Bitcoin SV (BSV), from its platform following its delisting back in 2021. In an email letter to its customers, Coinbase said it will stop supporting BSV on Jan. 9, 2024, at or around 12 p.m. ET. The U.S.-based trading platform added those who fail to withdraw their BSV coins until the deadline will be liquidated. “Upon liquidation, your BSV will be converted to the…

Inordinately high — Bitcoin Ordinals send BTC transaction fees to new 5-month peak

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Bitcoin (BTC) transaction fees are at their highest in nearly six months as a new wave of inscriptions boosts competition for block space. Data from statistics resource BitInfoCharts shows the average BTC transaction fee approaching $6 as of Nov. 7. Ordinals taking up Bitcoin mempool again The return of Bitcoin Ordinals is making its presence felt this week as on-chain transactions attract highly elevated fees. In an environment reminiscent of Q2 this year, blockspace is being taken up by ordinal inscriptions. Ordinals are nonfungible tokens (NFTs) that store data directly…

Retail and e-commerce lead crypto adoption, new study reveals

A study by crypto tax software CoinLedger found that the retail and e-commerce industries have the largest number of companies offering to purchase through cryptocurrency. The study, received by crypto.news, compiled a list of more than 300 large companies. It turned out that in the ranking of cryptocurrency acceptance, retail, and e-commerce take first place. 60 companies accept cryptocurrency payments. These companies include Adidas, Yankee Candle, and H&M, as well as online shopping platforms such as Etsy. Crypto adoption rate | Source: CoinLedger Second on the list is the food and…

Meta bans usage of generative AI ad creation tools for political advertisers

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Meta, the parent company of Facebook and Instagram, is not allowing political campaigns and advertisers to use its generative artificial intelligence (AI) advertising tools, a company spokesperson said in a Reuters exclusive report.  On Nov. 6 Meta updated its help center to reflect the decision. In a note explaining how the tools work, the company said as it tests new generative AI ads creation tools in its Ads Manager, “advertisers running campaigns that qualify as ads for Housing, Employment or Credit or Social Issues, Elections, or Politics, or related to…

Crypto data platform Glassnode sells Bitcoin tax software to Blockpit

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Cryptocurrency intelligence firm Glassnode has said it’s dropping crypto tax-related projects to focus on new solutions targeting institutional investors and decentralized finance (DeFi). Glassnode, on Nov. 6 announced the sale of its crypto-focused tax platform known as Accointing to the European crypto compliance provider Blockpit. The firms declined to disclose the size of the deal to Cointelegraph, only revealing that the transaction was a “multimillion-dollar deal.” “Glassnode will exit the crypto tax space with the sale of Accointing to Blockpit,” a spokesperson said, adding that the deal enables the firm…

Chainlink Enters Bull Territory, Signals Long-Term Uptrend — Crypto Expert

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Chainlink (LINK) has been a topic of significant discussion among cryptocurrency enthusiasts lately, particularly after the insights shared by the pseudonymous analyst Rekt Capital on the social media platform X.  Rekt Capital’s recent statement about Chainlink’s shift into the bull territory following an extended period of sideways movement has captured the attention of market observers.  $LINK The Macro Downtrend is over The Macro Range is over And a new Macro Uptrend has begun#LINK #Crypto #Chainlink pic.twitter.com/E2VHgclnYL — Rekt Capital (@rektcapital) November 4, 2023 According to the information provided, the current…

Zero-knowledge proof investments surge as practical use cases emerge

Zero-knowledge proof is set to revolutionize privacy and trust in digital interactions. Protocol Labs report reveals its shift towards real-world business applications. What is zero-knowledge proof Zero-knowledge proof is a powerful cryptographic technique that allows parties to prove information without revealing underlying data. A new report released today by Protocol Labs finds that ZK proofs are reaching an inflection point as research projects transition into real-world business applications across industries. Zero-knowledge proof allows one party, the prover, to demonstrate knowledge of certain information to another party, the verifier, without disclosing…

Ethereum Under Siege? Investigator Claims Chinese Entities Stealthily Command The Blockchain

Regarding Ethereum, a new concerning chapter has been penned by Truth Labs, a crypto investigation entity renowned for its analysis and exposés. Recent claims by Truth Labs allege a potentially unsettling level of influence held by the Chinese Communist Party (CCP) within the Ethereum network. This influence, according to the investigator, could pose a threat to the decentralized vision that the network champions.  The Wangxian Group’s Alleged Role And Influence Truth Labs has recently turned its attention to Ethereum’s founding history and the actors involved in its early days. The…

XRP Price Prediction – Bulls Take Breather But Rally Seems Far From Over

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XRP price rallied over 20% and climbed above $0.70 against the US Dollar. The price is correcting gains but the bulls might again be active near $0.650. XRP started a strong increase above the $0.680 resistance. The price is now trading above $0.685 and the 100 simple moving average (4 hours). There is a major bullish trend line forming with support near $0.6580 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair might correct further lower, but the bulls could remain active near $0.6500. XRP…