Day: November 9, 2023

Is it altseason? Altcoin 30-day performance and total market cap flash bullish

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A wave of green has washed across the entire crypto market, and it won’t be long before traders on X (the social platform formerly known as Twitter) begin to explain that a new altcoins season has arrived.  Altcoin season, or ‘altseason’ as the crypto bros say, typically measures the rallying of altcoins and a positive market capitalization increase of the total altcoin market cap. Let’s take a look at some key indicators that market participants use to determine whether or not an altcoin season has emerged. Total crypto market capitalization…

Kaspa (KAS) Price Shatters Records, Outshining Bitcoin With A Massive 105% Surge

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Kaspa (KAS), a proof-of-work cryptocurrency employing the GHOSTDAG protocol, has experienced a notable surge in market activity and investor interest over the past few months.  The token’s recent listing on Coinone, one of South Korea’s leading cryptocurrency exchanges, has significantly propelled Kaspa into the top 33 cryptocurrencies based on market capitalization. Since its listing on October 25 in the Korean market, Kaspa has outperformed well-known cryptocurrencies like Bitcoin (BTC), and Ethereum (ETH) and popular meme coins such as Dogecoin (DOGE) and Pepecoin (PEPE) during market breakouts. KAS Token Skyrockets Reaching…

Court confirms Celsius bankruptcy exit plan, $2B in crypto to go to creditors

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The Celsius bankruptcy plan has been approved. The path is now clear for customers to see some of their funds returned and receive shares in the reorganized company, which will be called NewCo. Judge Martin Glenn of the Southern District of New York Bankruptcy Court issued a confirmation on Nov. 9 of the bankruptcy plan approved by Celsius creditors overwhelmingly on Sept. 27. Under the plan, around $2 billion in Bitcoin (BTC) and Ether (ETH) will be redistributed to Celsius creditors along with equity in NewCo. The company has said…

JPMorgan Suggests Rally May Be Reaching Its Peak

JPMorgan analysts have cast a skeptical eye over the recent crypto rally, indicating it may be built on sand rather than solid ground. Their latest report conveys a guarded stance, suggesting that the market’s exuberance may be outpacing the underlying fundamentals. As the market’s enthusiasm swells, fueled by pivotal developments such as the US Securities and Exchange Commission’s (SEC) potential green light of the spot Bitcoin exchange-traded fund (ETF), these financial experts are urging caution, advocating a closer examination of the elements at play. A Closer Look At ETF Approval And Regulatory…

Pop Social joins Cointelegraph Accelerator

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The growth of social media has made it possible for everyone to become a content creator. And while the creator economy grew, incentives to become part of it continued to diminish. Since the $100 billion market is dominated by a handful of centralized platforms, creators hardly ever see a fair compensation for their efforts.  YouTube, for example, has only recently started paying out a minor share (45%) of the ad money from Short videos to creators. Streaming platform Spotify also cuts 30% from ad revenue, leaving creators to share $0.003…

Analyst Predicts Bitcoin And Crypto Market Crash Of Epic Proportions, Here’s When

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Bitcoin and the entire crypto market are currently in an uptrend which has been a cause for celebration for investors all across the space. However, not everyone expects this uptrend to continue. One crypto analyst has made a case for why Bitcoin and the crypto market at large could be headed for an epic crash. Why Bitcoin And Crypto Will Crash A crypto analyst who goes by Shelby on the TradingView platform has put forward an analysis of why the price rally will end in a massive crash. The analysis…

2 Years Ago, Bitcoin Hit an All-Time High. Is Another Rally on the Way?

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In other words, despite signs of a thaw, crypto winter may not be over. There’s hope that the months-long deep freeze drove out the riff-raff, while the brightest minds continued to build. And while a “killer app” hasn’t been found, it’s clear enough the industry has a committed user base. But along with the  institutional capital, supposedly waiting on the sidelines to be deployed after a BTC ETF goes live, are likely another wave of speculators and scammers. Original

Financial Supervisory Commission of Taiwan awards first securitized token license

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Taiwan’s financial watchdog, the Financial Supervisory Commission (FSC), has awarded the country’s first security token offering (STO) license to Cathay Securities. According to local news reports on Nov. 9, Cathay received regulatory approval for its “Sunshine Green Yield” STO bonds with a time to maturity of six years, initial annual interest of 3.5%, and an initial principal amount of 30 million New Taiwan Dollars ($0.93 million). Through the token subscriptions, enterprise owners can purchase green electricity on the market for environmental, social, and corporate governance initiatives under favorable conditions and…

Wild Bitcoin (BTC), Ether (ETH) Price Swings Spur $400M of Crypto Liquidations

The wild session comes at a time when BTC and ETH prices have been surging amid Wall Street’s burgeoning interest in crypto. Both cryptos surpassed round-number milestones they haven’t seen recently. BTC topped $36,000 and then $37,000 for the first time since May 2022 – and almost reached $38,000 – before retracing much of the rally. ETH got above $2,000 and hit the highest level since the April Ethereum upgrade known as Shanghai. Source

BlackRock prepares to file spot Ether ETF

Global asset management behemoth BlackRock has signaled interest in expanding its cryptocurrency fund offerings with a recent filing that indicates a possible proposal for an Ethereum-based ETF. BlackRock, the world’s largest asset manager, is laying the groundwork for a potential spot Ethereum exchange-traded fund (ETF). The evidence pointing to this development is a filing for an iShares Ethereum (ETH) Trust that was recently posted on the Delaware Department of State’s website. This action suggests that BlackRock, which oversees approximately $9 trillion in assets, is considering proposing an Ethereum ETF to…