Day: November 24, 2023

Will Recent Binance Events Trigger This Historical Bitcoin Bull Run Signal?

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The recent events at cryptocurrency exchange Binance could trigger the next Bitcoin bull run if this pattern continues to form. Will Bitcoin Exchange Reserve Ratio Turn Around After Binance News? As explained by an analyst in a CryptoQuant Quicktake post, the BTC exchange reserve ratio for US versus off-shore platforms has followed a specific pattern during past bull markets of the asset. The “exchange reserve ratio” here refers to an indicator that compares the exchange reserves of any two platforms or group of platforms. The exchange reserve is the total…

Bitcoin (BTC) Eyes $40K After Breaching $38K for the First Time Since May 2022

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish, a cryptocurrency exchange, which in turn is owned by Block.one, a firm with interests in a variety of blockchain and digital asset businesses and significant…

Nvidia Delays Launch of AI Chip for China amid Export Compliance Challenges, NVDA Stock 1% Down

Nvidia is also working on two other chips, the L20 and L2, for the Chinese market. According to the Reuters report, one of the chips, L20, is not facing delays and is expected to launch according to the original schedule. Nvidia Corp (NASDAQ: NVDA), the California-based AI chip giant, has notified its Chinese customers of a delay in the launch of its new artificial intelligence chip, H20, designed to comply with the latest United States export regulations, Reuters reported Friday, citing two sources familiar with the matter. The country’s tightened…

Wallet of Satoshi Removed from US App and Google Stores

While Wallet of Satoshi has exited the US market for now, the company expressed hope for a potential return. Wallet of Satoshi (WoS), a popular Bitcoin (BTC) Lightning payments app, has mysteriously disappeared from both Apple Inc‘s (NASDAQ: AAPL) App Store and Google’s Play Store in the United States. This development comes at a time when the app is on the brink of processing over 1 million transactions for the month of November. The Disappearance Wallet of Satoshi Early today, users and members of the crypto community took to the…

Nine Chronicles M, on-chain MMORPG game, launches on mobile

Planetarium Labs, a web3 gaming company, has released its open-world fantasy game Nine Chronicles on mobile.  The game allows players to explore different environments, harvest resources, craft materials, customize their avatars, engage with others, and trade items for real money on the company’s blockchain.  It also features realistic in-game mechanics and economics that mirror real-world marketplaces.  With the release on mobile–live on Apple’s App Store and Google’s Play Store, the company aims to expand its user base and bring blockchain-based decentralization to mobile users.  The game has garnered pre-launch interest, with over 200,000 users signing up because…

Binance’s CZ falls, Grayscale and BlackRock meet with SEC, and more

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Imagine building a company from a $15 million initial coin offering to an impressive $60 billion empire. That’s exactly what Changpeng “CZ” Zhao has done with Binance since he founded the crypto exchange in 2017 before resigning on Nov. 21 as part of a settlement with the United States Department of Justice (DOJ).  However, CZ wasn’t just the brain behind Binance — he might be the most important player in the whole crypto game. As such, his downfall represents more than just a personal setback; it’s another blow to the…

Analyst Predicts 10000% Surge Above $5.2

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LooksRare first burst into the scene as one of the first NFT marketplaces to carry a vampire attack on OpenSea and it was rewarded heavily as its LOOKS token enjoyed great success. Just like the rest of the crypto market, the LOOKS has since succumbed to the bearish headwinds, losing over 98% of its bull market highs. However, this might not continue for long as one crypto analyst has predicted a massive burst that could send the price toward its previous highs. LOOKS Poised For Parabolic Move In an analysis…

‘Enjoy sub-$40K Bitcoin’ — PlanB stresses $100K average BTC price from 2024

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Bitcoin (BTC) buyers should “enjoy” the chance to add to their stack below $40,000, says one of crypto’s household names. In a post on X (formerly Twitter) on Nov. 24, PlanB, creator of the Stock-to-Flow family of BTC price models, hinted that current levels would not be around long. PlanB: Time is ticking on $40,000 resistance Bitcoin is destined to go much higher than its recent 18-month highs, PlanB believes, and time is ticking to increase BTC exposure below $40,000. Known for his optimistic takes on long-term BTC price growth,…

Analyst sees Cardano and Bitcoin on verge of breakout

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The crypto analyst behind YouTube channel Crypto Capital Venture believes that both Bitcoin and Cardano could be positioning for significant breakouts in the near future, according to his latest video published Nov. 24th. While not yet calling a new bull market, the analyst pointed to signs of building momentum, especially in the case of Cardano (ADA). This move is already happening early this cycle. […] If ADA actually breaks out from here, this is just a little sign. Regarding Bitcoin (BTC), the analyst has his eye on a key long-term…