On the sidelines of the recent Cardano Summit in Dubai, Sandra Helou, CEO of MetaMinds Group, told Cointelegraph that the lack of tailor-fit business models for enterprises “have been the biggest failure in the metaverse,” and turning to them for short-term wins is not the right approach. She said:Continue Reading on Cointelegraph More
Data from Cointelegraph Markets Pro and TradingView showed BTC price support holding after the end of Wall Street trading.Continue Reading on Cointelegraph More
As part of October’s highlights, the Nature Science Journal discussed applications of blockchain technology, praising decentralized autonomous organizations (DAOs) for their potential to support underfunded scientific research. Cointelegraph’s venture capital (VC) roundup features projects that raised capital in October.Continue Reading on Cointelegraph More
In recent times, Munger’s critique of cryptocurrencies has intensified, leading him to call for an outright ban on these digital assets. He dismisses them as “gambling contracts” rather than legitimate investments.In terms of investment guidance, Munger suggested that average investors would benefit more from investing in index funds rather than attempting to choose individual stocks without any clear advantage. This advice aligns with his long-standing approach to promoting simple and effective investment strategies over complex and risky ones.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More
The ongoing SEC v Ripple case remains a pivotal factor, with both parties expected to propose a briefing schedule related to the remaining charges on institutional sales of XRP by November 9. Despite the lack of new developments on Saturday, demand for XRP was bolstered by the decision of the Dubai Financial Services Authority (DFSA) to permit Dubai International Financial Centre (DIFC) firms to utilize XRP in virtual asset services.Brad Garlinghouse, CEO of Ripple, lauded Dubai’s pro-innovation regulators following the DFSA approval. He reaffirmed Ripple’s commitment to regions with clear crypto regulations, underlining this stance with the decision to host RippleSwell in Dubai.In related news, Japan’s SBI has announced plans to adopt XRP and Ripple’s remittance product in Indonesia, the Philippines, and Vietnam. This move further highlights the growing acceptance and integration of XRP into global financial systems.John E. Deaton, founder of CryptoLaw US, clarified that there are currently no ongoing settlement talks between Ripple and the SEC. He also confirmed that Ripple has no plans for an IPO before June 2024. Deaton warned that any delay in progressing toward a briefing schedule could negatively impact investor sentiment.He also pointed out potential discussion points for the case including documents related to former SEC official William Hinman’s speech and the absence of legislation assigning SEC authoritative powers over cryptocurrencies.While acknowledging the recent gains in XRP price, Deaton criticized the SEC for its focus on legitimate companies like LBRY, Ripple, and Dragonchains instead of fraudulent crypto players. The 14-day RSI reading showed XRP in overbought territory, suggesting potential selling pressure in the absence of an XRP-related catalyst. However, the 4-hourly RSI reading hinted at a possible visit to the resistance level of $0.6354 before entering overbought territory.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More
Despite all the innovation and development happening on the infrastructure level, the “DeFi revolution” is presented to users with unnecessarily complicated screens that would require expert-level technical knowledge. Continue Reading on Cointelegraph More
Thus, the trader pinpointed a significant development on the Ethereum price chart, emphasizing the completion of a small nine-day flag, reaffirming the earlier completion of a right-angled expanding triangle on Oct. 23. This particular pattern, known as a right-angled expanding triangle, signifies a bullish reversal, characterized by a horizontal resistance line and a bearish downward trend forming the support.The breakthrough moment came when ETH’s price shattered the top trend line, confirming the bullish reversal and propelling the digital currency’s price. Observers noted an upward surge, with Ethereum’s value surging from $1,723 to $1,800 and beyond, reflecting the strength of the bullish momentum.is currently trading around the $1,837 mark and recently met resistance at around $1,850 per token. All eyes are on the Ethereum price chart, and one thing is for sure: if technical analysis patterns work under current assumptions, and Brandt has proven that they do, then it is worth paying attention.This article was originally published on U.Today More
Source: Comparing past with future: Drawing parallels with mid-2019 can be a risky approach. The cryptocurrency landscape has evolved immensely since then, with institutional investors taking center stage and governmental regulations becoming more defined. While history might repeat itself, the drivers behind the movements may vary significantly.”Everything else follows”: The assertion that if and ETH surge, the rest will follow might be too simplistic. The digital asset ecosystem now comprises a multitude of coins and tokens, each with its unique use cases, partnerships and technological advancements. While BTC and ETH undeniably hold sway over the market, newer assets like Polkadot, Cardano or even niche NFT-based tokens can exhibit independent behavior.”Final wipeout”: The concept of a final wipeout in Q1, 2024, leading to the establishment of higher lows, can be seen as a cautious approach, hinting at a potential bear market. While market corrections are natural, predicting an exact timeframe for such an event is challenging, given the volatile nature of cryptocurrencies.Current narket indicators: Most commonly used market metrics indicate a relatively stable capitalization with a mild upward trend. Volume fluctuations and the Crypto Fear & Greed Index suggest that while there is a mix of optimism and caution, we are far from a state of “extreme greed” that typically precedes a sharp correction.This article was originally published on U.Today More
