Day: November 12, 2023

Ready for changes? Anticipating the web3 revolution in 2024

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Web3, akin to numerous groundbreaking innovations, has been crafted with the explicit goal of improving and enriching our daily lives. It stands at the forefront of technological advancements that promise to reshape how we interact with digital systems and services.  What makes web3 particularly noteworthy is its ability to transcend the boundaries of traditional financial institutions, as many of them have already discerned the potential for symbiosis…

Crypto Analyst Confirms Dogecoin Price Breakout, Here’s The Target

boss

Dogecoin supporters are celebrating a 35% increase in the last month. While this is good news, other altcoins like Solana, Chainlink, and Cardano (ADA) have outperformed, with gains of 170%, 118%, and 55%, respectively, in the same timeframe. According to one crypto analyst, DOGE’s rally isn’t over, as recent price action suggests the crypto is on the verge of a bullish breakout. Crypto Analyst Confirms Dogecoin Breakout Dogecoin has officially broken out of a descending channel pattern, according to crypto analyst Rekt Capital. The analyst confirmed this in a recent…

XRPL’s fixReducedOffersV1 upgrade initiates 80% consensus countdown

boss

The “fixReducedOffersV1” amendment is now in a two-week activation countdown phase, having garnered approval from over 80% of validators. This amendment signals a significant upgrade for XRPL. XRP Ledger (XRPL) is set to introduce additional features in the upcoming weeks. As per XRPScan, users relying on rippled v1.11.0 or earlier versions are advised to update their systems. Implementing fixReducedOffersV1, addressing critical issues with DEX offerings, necessitates achieving updates exceeding 80% within 14 days. Among the amendments introduced in the XRPL v1.12.0 update, fixReducedOffersV1 stands out as the sole amendment securing…

Avalanche Shines With A 31% Rally

boss

Avalanche (AVAX) has had a relatively quiet second half of 2023 regarding price performance and ecosystem advancements. However, the token experienced a mesmerized turnaround towards the end of October, which has seen its value rise almost vertically in the past few weeks. Avalanche’s positive run coincides with an optimistic climate in the general crypto market, as investors appear to be more interested in various digital assets. While Bitcoin, the premier cryptocurrency, continues to hold its own above the $37,000 mark, most altcoins seem ready to take advantage of changing market…

Cronos Unleashes a 56% Weekend Explosion

boss

Cronos has experienced a robust and sustained bullish trajectory over the recent weeks. Over the course of the past seven days, it has consistently surged, reaching a solid pinnacle, a level not witnessed in months. At the time of writing, Cronos (CRO) showcased its impressive strength, outperforming some of the most prominent names in the top 100 cryptocurrency ranking over the weekend. With a remarkable 7% surge in the last 24 hours and a commanding 57% rally within the seven-day timeframe, as reported by Coingecko, Cronos is not just making…

FTX files billion-dollar lawsuit against ByBit over asset withdrawals

boss

The FTX bankruptcy estate, headed by CEO John J. Ray III, has filed a lawsuit against ByBit, its investment arm Mirana, and various executives. The aim is to recover funds and digital assets that ByBit withdrew from FTX just before its collapse, with the current value close to $1 billion. The suit claims ByBit used its “VIP” access and ties with FTX staff to withdraw significant cash and digital assets from Mirana, Time Research (another entity linked to ByBit), and executives just before FTX’s collapse. During FTX’s November 2022 withdrawal…

Galaxy Fox’s initial offering details, GFOX rallying

The crypto market is currently reacting to the possibility of a spot Bitcoin exchange-traded fund (ETF) and a similar product for Ethereum (ETH) in the future. As it is, Larry Fink’s actions triggered a shift toward quality assets. Accordingly, investors now have a limited timeframe to align with institutional flows, as a bull market could be developing.  Galaxy Fox (GFOX) recently launched its initial offering. GFOX supporters remain bullish, believing the token could edge higher, rising with Ethereum (ETH).  Examining Galaxy Fox’s memecoin ecosystem The current market trend appears to…

Ex-FTX execs team up to build new crypto exchange 12 months after FTX collapse: Report

boss

Several former FTX executives have teamed up to help build a new cryptocurrency exchange in Dubai with a specific focus on what FTX failed to do — secure customer funds. Ex-FTX lawyer Can Sun is leading the way with Trek Labs, a Dubai-based startup that received a license to offer cryptocurrency services in the region in late October. Backpack Exchange is the name under which Trek Labs will offer those services. Sun will receive support from ex-FTX employee, Armani Ferrante, who serves as CEO of Trek’s holding company in the British…

Bitcoiners pitch draft bill to preserve blockchain, decentralization in Argentina

Non-government organization Bitcoin Argentina presented a draft bill proposing to regulate the cryptocurrency market in a way that preserves decentralization and strengthens public trust. The proposed legal framework was pitched by Bitcoin Argentina’s president Ricardo Mihura at LABITCONF 2023 in Argentina’s capital, Buenos Aires on Nov. 10. Bitcoin Argentina previously dismissed the idea that the industry needed to be regulated. However, the Bitcoin advocates now argue it is necessary to not only preserve blockchain but also hold bad actors accountable to the fullest extent of the law. “We have always…