Day: November 15, 2023

Price analysis 11/15: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, MATIC, LINK, TON

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Bitcoin and select altcoins are showing strength, a possible sign that the bull trend has resumed. Bitcoin (BTC) succumbed to profit-booking on Nov. 13 and 14, which pulled the price below $35,000. Corrections are a normal part of every up-move and are considered healthy, as they shake out the weak hands and allow the stronger hands to add to their positions. A note of caution to the eager dip buyers is that Glassnode data shows the number of whale wallets with more than $1,000 iBitcoin dropped to its lowest level…

If Your Bitcoin Wallet Is A Product Of The 2016 Technology?

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Is your Bitcoin wallet shackled by the outdated chains of 2016 technology? Brace yourself, for trouble may be lurking in the shadows, ready to pounce on the unsuspecting. In the fast-paced realm of cryptocurrency, your digital fortress could be nothing more than a relic of the past, leaving you vulnerable to the merciless winds of technological evolution. Recently, cryptocurrency startup Unciphered revealed a potential security threat to Bitcoin wallets created prior to 2016. Known as “Randstorm,” this software flaw encompasses a combination of bugs, architectural choices, and API (Application Programming…

2 days before Bitcoin ETF approval window closes; this altcoin aims to capitalize on crypto’s optimism 

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All eyes are on the United States Securities and Exchange Commission (SEC) as the deadline for approving several spot Bitcoin exchange-traded fund (ETF) applications approaches. The SEC has until Nov. 17 to decide on these filings, and the crypto market is watching closely, as we have only two days left. Last week, BTC rallied to $37,000 as optimism grew around the potential for ETF approval. However, the price pulled back to $35,000 yesterday as impatience set in among traders.  According to Bloomberg’s senior ETF strategist James Seyffart, the SEC could…

Bankrupt Crypto Lender Celsius Moves Over $10,000,000 Worth of Ethereum (ETH) To Exchange: On-Chain Data

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An address associated with failed crypto lending platform Celsius has moved millions of dollars worth of Ethereum (ETH) to an exchange, according to on-chain data. Citing data obtained from blockchain explorer Etherscan, on-chain data tracker Lookonchain says that Celsius moved 5,160 ETH worth approximately $10.49 million to institutional crypto trading platform FalconX. According to Lookonchain, Celsius, which filed for bankruptcy in July of 2022, possibly “wants to sell some assets with the rising prices.” Source: Etherscan Ethereum is trading at $2,033 at time of writing, up by nearly 80% year-to-date.…

Bakkt shifts focus to custody services, adds support for DOGE, SHIB, other coins

Crypto firm Bakkt appears to be returning to digital asset custody as its primary business, adding support for six new coins, according to an announcement on Nov. 15.  Aside from Bitcoin (BTC) and Ether (ETH), Bakkt will expand its custodial support to include Bitcoin Cash (BCH), Dogecoin (DOGE), Ethereum Classic (ETC), Litecoin (LTC), Shiba Inu (SHIB) and USD Coin (USDC). The company expects to add more coins to its custodial services in early 2024. The custody of digital assets focuses on the safeguarding of cryptographic keys, which are crucial for accessing…

Boyaa Interactive Unveils $100M Crypto Purchase Plan to Buy Bitcoin, Ether, USDT and USDC

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“The purchase and holding of cryptocurrencies is a pivotal move for the Group to path its business layout and development in the field of Web3,” the company said in a stock exchange filing released Monday. “The online gaming business has high compatibility with Web3 technology, and its focus on communities, users and virtual assets may enable an easier and wider application of Web3 technology to the online gaming industry.” Original

‘Vitalik Slept On My Couch & Copied My Inventions’ Ethereum Insider Says

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An Ethereum insider has made startling allegations against Ethereum Founder, Vitalik Buterin, stating that the Russian inventor had copied his creations.  Nerayoff Accuses Buterin Of Invention Replication Former Ethereum Advisor, Steven Nerayoff has taken to X (formerly Twitter) to accuse Ethereum Founder, Vitalik Buterin of copying his inventions. Nerayoff criticized the intelligence of the current Ethereum leadership, making contentious remarks about Buterin and co-founder of Ethereum, Joseph Lubin. “Vitalik slept on my couch & copied my inventions. He and SBF are images. They’re not smart because something seems off, something is…

Layer 2 networks hit $13B TVL, but challenges still remain

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Ethereum layer-2 networks reached a new milestone on Nov. 10, reaching $13 billion of total value locked (TVL) within their contracts, according to data from blockchain analytics platform L2Beat. According to industry experts, this trend of greater interest in layer 2s is likely to continue, although some challenges remain, especially in the realms of user experience and security. Ethereum layer 2 TVL. Source: L2Beat According to L2Beat, 32 different networks qualify as an Ethereum layer 2, including Arbitrum One, Optimism, Base, Polygon zkEVM, Metis and others. Prior to June 15, all…

K33 Research finds institutional Bitcoin investment surge amid pending ETF decisions

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A recent K33 Research report indicates a significant uptick in institutional investment in Bitcoin through exchange-traded products, coinciding with key deadlines for the SEC’s decision on Bitcoin spot ETFs, presenting a complex landscape of market optimism and caution. In a recent analysis, K33 Research highlights a significant surge in institutional interest in Bitcoin (BTC), particularly through exchange-traded products (ETPs). This trend, marked by an increase of 27,095 BTC, surpasses the growth seen in the months following BlackRock’s filing for a Bitcoin spot ETF. The report by K33 Research, led by…