Day: November 24, 2023

Price on Cusp of Bullish Breakout Similar to Bitcoin Following US Regulatory Clarity

Ethereum (ETH) price is currently retesting a crucial support/resistance zone around $2,130 with the bulls rejuvenated for a robust bullish breakout. The second largest digital asset by market capitalization Ethereum (ETH) has attracted notable attention amid the ongoing Web3 mainstream adoption fueled by institutional investors. The recent Ethereum spot exchange-traded fund (ETH) filed by the well-funded BlackRock Inc (NYSE: BLK), has sparked high interest for the undisputed smart contract and DeFi king that has a total value locked (TVL) of about $26 billion. Additionally, the Ethereum network has dominated the…

Indian government set to introduce rules against deepfake menace

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India is formulating regulations to oversee deepfakes, the country’s Minister for Railways, Communications, Electronics and Information Technology Ashwini Vaishnaw said on Nov. 23, expanding on Prime Minister Narendra Modi’s statement the day before about his concerns about the technology. According to a Reuters report, during discussions with academics, industry associations and social media firms, Vaishnaw said the Indian government aims to finish drafting the regulations in the coming weeks. Deepfakes are realistic and often convincing artificial intelligence (AI)-generated videos or audio recordings that manipulate or replace the likeness and voice of…

BLUR Rules Today’s Top 100 Crypto Ranking With 88% Rally

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The news of BLUR, which saw an impressive 88% increase in price in the last week, has the cryptocurrency industry buzzing. This abrupt increase in value is directly related to what happened after the Season 2 airdrop. Coincidentally, the price spike also occurred following news of Binance CEO Changpeng Zhao’s resignation. The cryptocurrency market saw a consecutive two-day period of downward trading activity subsequent to the disclosure of legal accusations against Zhao. Today, it seemed to have changed course and exhibited a favorable trend, with a notable increase of over 2.5%…

Bitcoin buyer pushes BTC price past $38K as traders demand key breakout

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Bitcoin (BTC) bulls kept the pressure on 18-month highs on Nov. 24 as analysis eyed buyer interest spiking. BTC/USD 1-hour chart. Source: TradingView Bitcoin fights for new 18-month high Data from Cointelegraph Markets Pro and TradingView showed the BTC price trajectory heading upward into the Wall Street open. The largest cryptocurrency saw increasing momentum during the Asia trading session, this nonetheless with its roots on derivatives markets. Following the action, popular trader Skew confirmed that a single entity was likely behind the latest charge on $38,000. “Some buyer probably single…

India’s Shemaroo Partners with The Sandbox to Bring Bollywood to Metaverse

BharatBox is designed for a range of activities, including film launches, award ceremonies, live concerts, etc. in the Metaverse. In a groundbreaking partnership, The Sandbox has joined forces with Shemaroo Entertainment, a prominent media and entertainment conglomerate in India. The collaboration will see the creation of BharatBox, a cultural metaverse hub within The Sandbox. The BharatBox will feature esteemed artists and brands from India’s entertainment industry. Furthermore, Shemaroo’s entry into the digital realm, combining cinematic heritage with cutting-edge technology, aims to bring the Bollywood metaverse to life. With a rich…

KyberSwap hacker offers $4.6M bounty for return of $46M loot

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The decentralized exchange KyberSwap has offered a 10% bounty reward to the hacker who stole $46 million on Nov. 22 and left a note of negotiation. The exchange wants 90% of the loot returned by 6 am UTC on Nov. 25. On Nov. 23, KyberSwap alerted users that its liquidity solution, KyberSwap Elastic, was compromised and advised them to withdraw funds. In the meantime, on Nov. 22, the hacker made away with roughly $20 million in Wrapped Ether (wETH), $7 million in wrapped Lido-staked Ether (wstETH) and $4 million in…

Binance Lists BLUR, Token Pumps Over 28%

The price of the BLUR token has reacted positively to the report of listing on Binance. Leading crypto exchange Binance has announced support for the BLUR token, adding it to the thousands of other cryptocurrencies that the platform already supports. According to the Friday announcement, spot trading for  BLUR/BTC, BLUR/USDT, and BLUR/TRY opens immediately at exactly 09:00 UTC. So, Binance has advised users to start depositing BLUR while they wait for trading to officially open. Withdrawals of the native token of Blur – the world’s largest NFT marketplace – however,…

Spot Bitcoin ETF news driving prices, Chainlink, Meme Moguls, and XRP may benefit

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In recent months, the crypto world has been closely tracking news about spot Bitcoin ETFs. In October, fake news about the Securities and Exchange Commission (SEC) approving a spot Bitcoin ETF sparked a rally in Bitcoin and altcoins.  Based on this, analysts expect Chainlink (LINK), Meme Moguls (MGLS), and XRP to rally from future news about Bitcoin Spot ETFs. Chainlink traders bullish LINK peaked at $16 on Nov. 9, but bears flew back, pressing prices lower.  Despite this, on-chain data indicates that LINK holders are optimistic.  The number of active Chainlink addresses surged…

Customers left confused as HTX reportedly struggle to resume withdrawals

Cryptocurrency exchange HTX promised to ‘gradually resume’ crypto services on Nov. 23, but customers say no updates have been made so far. Crypto exchange HTX (formerly Huobi) announced in an X post on Nov. 23 it would resume deposit and withdrawal services “within 24 hours,” but reports on the social network indicate no progress has been made since the announcement. In an X post on Nov. 24, the Seychelles-headquartered crypto exchange issued another announcement, saying it would “gradually resume” deposit operations on Nov. 24 at 16:00 (UTC+8). However, multiple reports…