Aurelia Butler

In the decade since the first Bitcoin ATM was launched on Oct. 29, 2013, the net change of cryptocurrency machines installed and removed monthly remained positive most times — implying that total crypto ATMs worldwide were steadily increasing. However, the trend is reversing, according to data from Coin ATM Radar.Continue Reading on Coin Telegraph More

The renowned cryptocurrency enthusiast and founder of G3Vrse, David Gokhshtein, has confirmed the return of the bull run in the cryptocurrency market. In a recent tweet, Gokhshtein, who has almost 700,000 Twitter followers, posted the phrase, “bull run is back.”Gokhshtein’s tweet triggered a series of responses from a segment of his followers, with some confirming that tweets with such a theme have been recurrent on his timeline. One of such followers noted that in the past month, Gokhshtein tweeted about the return of the bull run up to five times.Some respondents capitalized on the tweet’s thread to promote their favorite projects, urging other Twitter users to consider their adoption. Some other respondents capitalized on the opportunity to take jabs at those who predicted that Bitcoin would drop to lower levels before the next bull run.Most of Gokhshtein’s followers agreed with his prediction and appeared excited about the prospects of another bull run in the cryptocurrency market.The crypto market, led by Bitcoin, embarked on a significant rally right from the beginning of the year. The Bitcoin price opened the year at $16,530 and surged past some significantly resistant levels in the first four weeks of the new year. Several analysts assumed the rally to be false, expecting the market to drop to lower levels before establishing a long-term rally.A temporary pullback dragged the Bitcoin price down to $19,569 after reaching a high of $25,270. However, upward momentum returned to the market, coinciding with global macroeconomic factors and the struggles faced by mainstream banks in the past couple of weeks.As of the time of writing, Bitcoin price has risen to $28,433, representing a 72.2% gain since the beginning of the year.Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.The post The “Bull Run is Back” Says Renowned Cryptocurrency Influencer appeared first on Coin Edition.See original on CoinEdition More

The price of Ripple (XRP) rose by 1.07% yesterday, and partially reversed a 1.93% loss from Thursday. This saw the remittance token ending March off with a 42.82% gain to close at $0.53798. This bullish March contributed to a 58.9% Q1 for XRP.
Daily chart for XRP/USDT (Source: TradingView)Yesterday was a quiet trading session given that there were no updates on the ongoing Ripple vs SEC lawsuit. This lack of updates increased investor optimism relating to the case, with investors and traders confident that Ripple will win the lawsuit.This optimism is justified by the strategic moves made by Ripple’s defense team recently which have strengthened their position in their longstanding case with the SEC. One focal point in the case which remains is the Hinman documents, which the SEC has been trying to prevent from entering the case.This, together with the SEC and CFTC disagreements over the classification of ETH and other cryptos has inadvertently supported Ripple’s defense in the last couple of months.CoinMarketCap shows that the price of XRP has dropped 4.68% over the last 24 hours to trade at $0.5107. XRP also weakened against the two crypto market leaders, Bitcoin (BTC) and Ethereum (ETH), by 7.09% and 6.29% respectively.XRP is looking to set a new 24-hour low as it currently trades near its current daily low of around $0.5099. Meanwhile, the crypto’s 24-hour high stands at $0.5469.The daily trading volume for XRP today is 15.07% lower than what it was yesterday. Currently, the 24-hour trading volume for XRP stands at $1,938,236,946.Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.The post XRP Closes Q1 off up 58.9% Due to Latest Lawsuit Developments appeared first on Coin Edition.See original on CoinEdition More

Tim Draper, a billionaire venture capitalist, has advised companies to diversify their cash management plans and keep some of their money in Bitcoin (BTC) and other cryptocurrencies. According to a snapshot shared on Twitter, Draper asked businesses to hold at least two payrolls worth of cash in Bitcoin.The announcement comes amidst the rising economic unpredictability in the US following the collapse of three prominent banks. “Business can no longer rely on one bank or governing body to manage their cash,” Draper wrote.Furthermore, the venture capitalist underlines the necessity for these backup strategies, noting that they can assist companies in surviving financial crises. In his words:Following the news of the Federal Reserve printing $300 billion to bail out the struggling banks, Changpeng Zhao, the CEO of Binance, took to Twitter to ridicule the US financial system. The CEO first lauded the Bitcoin technology’s core feature that makes it resist inflationary pressures:“No one can print Bitcoin out of thin air,” he tweeted, adding in another thread that “Bitcoin is volatile, but it never needed a bailout.” While Bitcoin hits one of its highest points in nine months as the US banking sector battles a liquidity crunch, the CEO teased: “I didn’t see the ‘Bitcoin is not a store of value’ narrative in the past week.”The post Hold Two Payrolls Cash in Bitcoin as Hedge: VC Tells Businesses appeared first on Coin Edition.See original on CoinEdition More

Sandeep Nailwal, the co-founder and Chief Operating Officer of the blockchain platform Polygon, commented via his Twitter page about the fallacies and confusions arising on Polygon’s EVM-Equivalent. He responded to the chain of messages between Toghrul Maharramov and Brendan Farmer, in which both of them argued about Polygon’s implementation of zkEVM.On April 1, 2023, Nailwal shared a Twitter thread quoting “hope this puts to rest this unnecessary game of definitions”:On March 31, the official Twitter page of Polygon was updated with a post claiming “Polygon zkEVM Mainnet Beta IS EVM-equivalent”. The platform also provided a detailed explanation of how zkEVM is equivalent to EVM.Earlier, Toghrul Maharramov, a Senior Researcher at the EVM-Equivalent zk-Rollup, Scroll, commented on July 22, 2022, that “Polygon zkEVM is not a zkEVM”, when Mihailo Bjelic, Polygon’s co-founder shared the specifications of zkEVM.Interestingly, Polygon’s co-founder Brendan Farmer, came up with a detailed sketch of the platform’s EVM-Equivalent zkEVM, subsequent to the platform’s recent tweet. He claimed:Following the series of threads from Farmer, Maharramov clarified the reasons why he claimed that “Polygon’s implementation is not a zkEVM”:Significantly, he noted that there was no zkEVM type classification earlier; it was only introduced by the Ethereum founder Vitalik Buterin.Nonetheless, after a series of discussions, the researcher tweeted admitting Polygon’s definition of zkEVM, commenting:In response to Maharramov’s final tweet, Nailwal shared his happiness in viewing “people accepting their mistake, conceding and coming around”.The post Polygon’s Co-Founder Shares his Concerns on zkEVM Fallacies appeared first on Coin Edition.See original on CoinEdition More

A channel host on CryptoBusy, Josh has identified three altcoins with unprecedented buy potential under the current market conditions. According to the crypto analyst, Hedera (HBAR), Cardano (ADA), and Chainlink (LINK) constitute the hottest coins that are “screaming buys” right now.In a recent YouTube video, Josh noted that the three coins are the major gainers in the crypto market that have gained about 0.2% overall as of analysis time.The first pick by Josh is HBAR, the native coin for the Hedera blockchain. According to its developers, Hedera is an enterprise-grade public network for the decentralized economy. It is a network for individuals and businesses to create powerful decentralized applications (DApps).According to Josh, HBAR is one of the coins with great potential after falling from an all-time high (ATH) of $0.5839 to a current price of $0.0718. The drawdown represents a drop of over 87%, leaving the token with much ground to cover in returning to the top. Josh also noted that being a top 30 cryptocurrency makes HBAR a safe buy for interested investors.Josh’s next call is ADA, the token for the Proof-of-Stake (PoS) blockchain, Cardano ADA is currently ranked 7th on CoinmarketCap, with a trading price of $0.3918 as of the time of writing. That price also represents a more than 87% drop from an ATH of $3.0994.According to Josh, if the ongoing developments and blockchain updates within the Cardano network continue, ADA’s price could go as high as $5 in the coming bull run.At $7.562, Josh believes that LINK, the platform token for Chainlink is poised for a significant upward push. The current LINK price puts it 85.92% lower than its ATH. He also thinks that the surge in trading volume and the technical setup of LINK puts the 19th-ranked cryptocurrency in a position to deliver significant gains in the upcoming bull run.Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.The post Analyst Identifies HBAR, ADA, and LINK for Immediate Price Rally appeared first on Coin Edition.See original on CoinEdition More

Sources reported that on Friday, Elon Musk requested a U.S. judge to dismiss a $258 billion lawsuit alleging him of operating a pyramid scheme in support of the Dogecoin cryptocurrency.Attorneys representing Elon Musk and his electric vehicle firm Tesla (NASDAQ:TSLA) Inc referred to the lawsuit brought by Dogecoin investors as a “fantastical work of fiction” in a filing made in a Manhattan federal court on Friday evening. They argued that the allegations against Musk were unfounded, and that his tweets regarding Dogecoin were innocent and at times, absurd.Musk’s legal team further argued that the investors failed to provide any evidence of how the Twitter CEO planned to deceive anyone or what risks he concealed. They also asserted that Musk’s statements, including “Dogecoin Rulz” and “no highs, no lows, only Doge,” were too ambiguous to support allegations of fraud.The lawyers went on to emphasize that expressing support for a legitimate cryptocurrency with a market cap of almost $10 billion through humorous or positive tweets is not illegal. They further added,Additionally, in a footnote, Musk’s legal representatives dismissed the investors’ assertion that Dogecoin should be classified as a security. Meanwhile, responding to the filing, Evan Spencer, the investors’ attorney, stated via email that they were even more confident in the success of their case.The investors claimed that Musk, who is currently the second-wealthiest individual globally, deliberately inflated Dogecoin’s value by over 36,000% in two years before allowing it to plummet.Moreover, the investors accused Musk of making billions of dollars in profit at the expense of other Dogecoin investors, even though he knew the currency was worthless. They cited Musk’s “Saturday Night Live” appearance where he called Dogecoin a “hustle.” The lawsuit is seeking $258 billion in damages, triple the estimated decline in Dogecoin’s market value in the 13 months prior to the suit being filed. However, the Dogecoin Foundation, a nonprofit organization, is also named as a defendant and is attempting to have the case dismissed.The post Elon Musk Seeks Dismissal Of $258B Dogecoin Lawsuit In Court Filing appeared first on Coin Edition.See original on CoinEdition More