Day: November 11, 2023

Altcoins are finally joining the current bitcoin rally as crypto investors turn risk-on

boss

Altcoins were in rally mode this week after lagging bitcoin in its recent climb to new 2023 highs. While bitcoin touched an 18-month high and ether broke through the key psychological level of $2,000 for the first time since April, the real spikes were in the rest of the crypto market. Solana notched a 40% weekly gain, Polygon’s MATIC token gained 25% and Cardano’s ADA advanced 17%. Bitcoin and ether rose 8% and 15%, respectively, for the week. “The crypto space has largely been a one-man show over the past…

Badger DAO utility token surges amid Binance Futures launch

The Badger DAO utility token, BADGER, has skyrocketed in value thanks to cryptocurrency exchange Binance. Badger DAO (BADGER) is a decentralized autonomous organization (DAO) with a single purpose: to create the products and infrastructure needed to accelerate the use of Bitcoin (BTC) as collateral for other blockchains. In 24 hours, BADGER saw an impressive 20.18% increase, rising from $2.8 to $4.61 in the price range. At its peak, the token price reached $5.53. This price increase indicates positive market sentiment following Binance’s announcement. BADGER price | Source: CoinMarketCap The coin’s…

Indian Supreme court rejects crypto petition, highlights legislative nature

boss

The Indian Supreme Court declined to consider a Public Interest Litigation (PIL) that aimed to establish regulations and a framework of guidelines for cryptocurrency trading in India. According to a report, the bench headed by the Chief Justice of India (CJI), after listening to the plea, remarked that the petitioner’s demands are more legislative in nature. Given the petition’s character, the bench, including Justice JD Pardiwala and Manoj Misra, dismissed the plea. The Supreme Court noted that despite the petitioner filing a PIL requesting regulations and guidelines for cryptocurrency and its…

LINK Price Breaks Above $15 With 33% Rally

boss

LINK price has undoubtedly been one of the major highlights of the cryptocurrency market in 2023. Over the past week, the cryptocurrency maintained its recent positive momentum, reaching a new yearly high of $15.8 on Thursday, November 9.  A crypto analyst and trader who predicted this latest bullish run has offered more insight on what to expect from the Chainlink token. What’s Next For LINK Price? A crypto analyst with the pseudonym Mags took to X (formerly Twitter) to share an interesting update on the LINK price action. While referring…

Russia-linked crypto ransomware hits U.S. arm of Chinese lender

A Russian-speaking crypto ransomware gang LockBit has attacked ICBCFS arm in the U.S. Cryptocurrency ransomware gang LockBit has attacked the U.S. arm of the Industrial and Commercial Bank of China Financial Services (ICBCFS). Currently, it prevents the bank from settling Treasury trades, the Financial Times (FT) reports, citing market participants. Although details of the attack are yet to be disclosed, bankers and traders interviewed by FT say some equity trades were affected, disrupting trades in the U.S. Treasury market. According to Reuters, ICBCFS has confirmed the attack, saying it is…

Solana Breaks Past $54 On Steady Price Momentum

boss

Solana is distinguishing itself in the crypto market, with a remarkable 50% monthly gain and an extraordinary 450% year-to-date increase, contributing to the overall surge in optimism. This trend is further amplified by Bitcoin’s ascent beyond $37,000 and its ambitious aim to reach $40,000 by year-end. Solana’s standout performance adds a notable dimension to the current positive sentiment prevailing in the cryptocurrency space. In an early morning rally, Solana broke the $50 barrier, marking its highest point since May 22, 2022. This exceptional performance underscores growing confidence in the crypto…

Ripple faces slim odds of $770M disgorgement

boss

Attorney John Deaton, representing XRP holders, has made a persuasive case in the Ripple vs. SEC legal saga, suggesting that the anticipated $770 million disgorgement for Ripple is improbable. He grounds his prediction on various influential factors that could sway the court’s judgment. Deaton underscores the significance of the Supreme Court’s Morrison ruling, which effectively limits the SEC’s jurisdiction to sales within the United States. This gains relevance as Ripple’s XRP sales in the United Kingdom, Japan, Switzerland, and other areas face scrutiny. Additionally, the legal standing of XRP in…

Monero, OKB, and RebelSatoshi as long-term crypto investments

Following new regulatory requirements, Binance delists XMR in Belgium. Experts believe this could heap pressure on the coin, forcing it to $130.55 by December.  OKB could rise to $60.50 by the end of November.  RebelSatoshi’s presale ongoing As investors explore the crypto markets, they appear to be focusing on three altcoins: Monero (XMR), OKB, and RebelSatoshi (RBLZ). In this article, we delve into the latest from experts on these three crypto coins, their price predictions, and what features set them apart. Binance delists Monero in Belgium  On Sep. 6, reports…

supporters of NuggetRush, Solana, and Arbitrum bullish

NuggetRush (NUGX) offers an immersive play-to-earn (P2E) experience where users mine minerals and earn valuable rewards. It includes non-fungible token (NFT) characters, realistic gameplay, and plans for an active marketplace. Solana (SOL) achieved a milestone by making its nodes deployable on Amazon Web Services (AWS) through the Node Runner app, enhancing accessibility and integration. Arbitrum (ARB) and Gitcoin Winter are launching three donation programs, including The Arbitrum Citizens Retrofunding Round #1, where the community will distribute 100,000 ARB to those impacting Arbitrum DAO. NuggetRush (NUGX) blends adventure, NFTs, and real-world…

Demand for Bitcoin could grow by up to 10X within 12 months: Michael Saylor

With the Bitcoin halving just months away, MicroStrategy co-founder and Bitcoin bull Michael Saylor thinks that demand for BTC could grow by as much as 10X by the end of 2024. During a speech at the 2023 Australia Crypto Convention on Nov. 10, Saylor was asked to give his outlook for Bitcoin and its ecosystem over the next four to five years. In response, Saylor initially gave a rundown on the period between 2020 and 2024, noting that Bitcoin went from being seen as a “offshore unregulated asset” to an…