Cryptocurrency

Buterin’s vision includes integrating private mempools and ERC-4337. Private mempools could offer users enhanced privacy and security by allowing them to conduct transactions without exposing their intentions to the public mempool where miners could see and potentially exploit them. ERC-4337 refers to account abstraction, allowing users to have more sophisticated control over their accounts, with operations like multisig wallets becoming easier to implement and more secure.Code precompilation is another feature Buterin is keen on integrating. This could potentially increase the efficiency of smart contract deployment, making them quicker and cheaper to execute by preprocessing some elements of the code.Liquid staking, a process that allows stakers to liquify staked (or locked) assets, is a feature Buterin wants to see improved. He has expressed concerns over the centralization of liquid staking solutions, which could be a risk for the network if too much control is in the hands of a few entities like . Decentralizing this aspect could democratize the staking process, giving more users the chance to participate without relinquishing liquidity.The redesign proposes would likely make Ethereum more scalable, secure and efficient. These changes could lower the barriers to entry for new users and developers, fostering a more inclusive and robust ecosystem. The exact impact on Ethereum’s price and the broader crypto market is speculative, but typically, improvements that address fundamental issues and enhance usability bode well for the network’s value and adoption.This article was originally published on U.Today More

The Spanish Tax Administration Agency, commonly known as Agencia Tributaria, has published form 721, a tax declaration form for virtual assets abroad, which was first announced in the Boletín Oficial del Estado, the Kingdom of Spain’s official state gazette, on July 29, 2023. Continue Reading on Cointelegraph More

Today, the surge in XRP’s price to $0.6199 was accompanied by a notable increase in trading volume. This uptick comes as the legal proceedings against Ripple edge toward a resolution next year. The lawsuit, which centers on whether Ripple conducted unregistered securities-like sales of XRP, has cast a shadow over the company’s operations.Experts in the field are weighing in on the potential outcomes, suggesting that any financial penalties Ripple might face could be mitigated. The rationale for this prediction is that a vast majority of XRP transactions, about 95%, have occurred internationally, possibly influencing the severity of any sanctions.In related news, the founder of SpendTheBits, a crypto payment app built on the XRP Ledger (XRPL), Jaskaran Kambo, recently shed light on the high activation costs for multi-currency wallets. These costs, approximately $15 CAD per wallet, are directly affected by the fluctuating prices of XRP. Kambo’s comments echo the earlier sentiments of Panosmek, who pointed out that XRP was originally created for peer-to-peer credits, not banking services.As Ripple navigates these challenges, the crypto community is closely monitoring the implications for XRP’s adoption and the broader digital currency landscape. With the legal battle set to conclude in the coming year, the future of Ripple and its impact on XRP remains a focal point of discussion among investors and industry observers.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

The latest sale, which occurred over the past week, involved 163,722 GBTC shares. This action is consistent with ARK’s approach to maintaining strategic investment weightings. The firm aims to keep a target allocation near 9%, which necessitated the sale due to the substantial 76% increase in GBTC’s value since August.Bloomberg ETF analysts highlighted that ARK’s sale of GBTC shares aligns with their portfolio rebalancing efforts. The decision to sell was triggered by Bitcoin’s price rally, which saw the cryptocurrency nearing the $34,000 mark on October 23, prompting ARK to begin offloading portions of its holdings.Since October 23, ARK has cumulatively parted with approximately 864,000 GBTC shares. This sell-off strategy is part of the firm’s practice of capitalizing on asset performance highs. In November of the previous year, ARK had also engaged in portfolio adjustment, selling over four hundred thousand GBTC shares.In addition to these portfolio adjustments, ARK is actively pursuing the launch of a spot Bitcoin ETF in partnership with 21Shares. The firms have advanced their application with the U.S. Securities and Exchange Commission (SEC), with the latest amendment on November 20 detailing custody and valuation strategies for the proposed fund. This application is one of twelve awaiting regulatory approval.The recent update to their prospectus comes as ARK and 21Shares continue to await SEC approval for their joint spot Bitcoin ETF. The detailed custody and valuation methods outlined in the amendment signify ARK’s commitment to regulatory compliance and the advancement of cryptocurrency investment products.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

© Reuters.

Sniper bots are automated software programmed for specific actions at predetermined times to find applications in online auctions, sales and crypto trading, ensuring precise market transactions. Entry/exit botsScalping botsArbitrage botsTechnical indicator botsAI-powered botsThese bots adjust and improve trading tactics in response to changing market data by utilizing machine learning and AI algorithms. There have also been presale or initial coin offering scams, in which dishonest projects promise investors exclusive access to presale tokens, then disappear after raising money, leaving investors with no tokens and no value. Continue Reading on Cointelegraph More

The resistance breakthrough can be attributed to several factors, one being the general market optimism surrounding Cardano’s consistent development progress and the anticipation of new technological updates. The ADA community has been notably bullish about the upcoming enhancements, such as the introduction of smart contract capabilities and improvements in scalability and interoperability.Yet, despite this enthusiasm, ADA’s price experienced a pullback. This reversal may be influenced by broader market trends, where investors’ short-term profit-taking activities often follow such immediate rallies. Moreover, the resistance level itself could have been populated with sell orders, resulting in increased supply that temporarily outstripped demand.Another contributing factor to the reversal could be the crypto market’s reaction to global economic cues, such as shifts in monetary policy or fluctuating investor sentiment in other asset classes. Crypto markets are known for their volatility, and assets like are not immune to sudden shifts in the trading environment.Looking ahead, if ADA is to encounter a further reversal, the next support level to watch would be around the $0.35 mark. This level previously served as resistance and may now act as a new support, a common phenomenon known as role reversal in technical analysis.Should ADA fall below this level, the next critical support is likely to be found near the $0.32 price point, aligning with the 50-day moving average, a widely watched momentum indicator.The chart presents a compelling narrative. Ethereum has witnessed a substantial rally, taking it from the depths of the bear trenches to a soaring peak that flirts with the $2,100 mark. This rally has been supported by increasing adoption, continuous network upgrades and a generally favorable view of its long-term prospects amid the broader crypto ecosystem.However, technical patterns on the chart suggest a moment of caution. The formation of what appears to be a double top pattern around the $2,100 level may signal a potential pause or even a reversal in price action. This pattern, characterized by two consecutive peaks with a moderate trough in between, often indicates that the price might be preparing to change course.As Ethereum continues to chart its path through the bull market, the strength of the current support levels, coupled with the RSI’s bullish divergence, suggests that the smart contract giant may have the resilience to weather short-term fluctuations and maintain its upward momentum.However, market challenges for XRP remain abundant. With regulatory scrutiny and the ongoing lawsuit with the SEC, XRP faces pressures that extend beyond typical market dynamics. The resolution of this legal entanglement remains a pivotal event on the horizon that could either catalyze a bullish breakout or exacerbate a bearish downturn.From a technical standpoint, two distinct support levels emerge from the chart. The first support level is established around the $0.55 zone, which XRP has successfully defended multiple times, signifying a strong demand zone. A break below this could lead to the next support near the $0.50 psychological level, which could serve as the next line of defense against bearish pressure.This article was originally published on U.Today More

In June, the SEC filed a lawsuit against Binance and Binance.US, alleging that the exchange was involved in the sale of unregistered securities and accused Binance and its founder of participating in a complex conspiracy that involved fraud, conflicts of interest, a lack of disclosure and willful disregard for the law.Continue Reading on Cointelegraph More

It’s possible that recent developments, such as the U.S. Department of Justice (DOJ) signaling potential severe repercussions for Binance founder Changpeng “CZ” Zhao, have contributed to the negative outlook.Continue Reading on Cointelegraph More