Cryptocurrency

As Cointelegraph reported on Oct. 20, at least three wallets linked to Reddit group moderators dumped hundreds of thousands of dollars worth of MOON tokens on Oct. 18, just minutes before the official announcement of the closure of the blockchain-based points program that involved the use of certain cryptocurrencies native to each community. The market dump by the three wallets was highlighted by on-chain analysis accounts on X (formerly Twitter), such as Lookonchain.Continue Reading on Cointelegraph More

The Series A funding round for Blockaid was led by major industry venture capital firms, including Coinbase (NASDAQ:COIN) investor Ribbit Capital and the early-stage VC firm Variant. Other funding members included Sequoia Capital, Cyberstarts and Greylock Partners.Continue Reading on Cointelegraph More

However, crypto analyst Ali Martinez has issued a cautionary note about an imminent trend reversal. In his analysis on Saturday, he suggested that unless BTC can secure a daily close above $31,560, it risks facing an impending price correction. Two primary indicators support Martinez’s caution: a head and shoulders pattern and the relative strength index (RSI) at 74.21. This specific RSI level has historically triggered sharp price corrections since March, and BTC has hit this mark again after its recent surge. The TD Sequential indicator also raises alarms for a potential sell signal. In the event of a correction, Martinez predicts BTC could drop to a low of $28,630. Investors are advised to closely monitor these indicators and market developments in the coming days.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

The growth in open interest often indicates a capital inflow and an increase in investor interest, which can lead to further price jumps. Currently, Bitcoin’s open interest stands at $9.77 billion, with its price above $30,000.Despite facing regulatory challenges, Binance continues to hold the largest share of global Bitcoin open interest. The exchange accounts for $3.2 billion or 30% of the total open interest.The recent surge in Bitcoin’s price is primarily driven by speculation about the upcoming approval of the first spot Bitcoin ETF in the United States. This potential development has contributed to the heightened investor interest and bullish market sentiment observed today.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

As originally reported by the Bangkok Post, Thailand’s deputy finance minister, Julapun Amornvivat, announced that the planned February 2024 launch of a new digital wallet has been delayed to buy more time for the development of the system.Continue Reading on Cointelegraph More

In an official , Binance says it will perform wallet maintenance for the Ethereum network (ERC20) on Oct. 24 at 7:00 a.m. (UTC). The maintenance will take about two hours.In light of this, Binance says deposits and withdrawals on the Ethereum network (ERC20) will be suspended on Oct. 24 starting at 6:55 a.m. (UTC). Meanwhile, the trading of digital assets and currencies on the Ethereum network (ERC20) will not be impacted during wallet maintenance., on Oct. 18, Binance performed its wallet maintenance on the Tron network. In an announcement about the development, Binance urged users not to panic as they might notice large transactions from its TRX hot wallet as a result.Ethereum’s “billionaire” wallets are also picking up steam, holding nearly a third of the supply for the first time in seven years.For the first time since July 16, whale addresses with over one million ETH possess 32.3% of the supply, according to, indicating increased accumulation.On Oct. 16, ETH transactions that exceeded $1 million had their second highest day in a month.At the time of writing, ETH was up 4.37% in the last 24 hours to $1,615. This article was originally published on U.Today More

Morgan, in a post on X (formerly Twitter), argued that there is no obvious appellable error other than in “Ripple’s favour regarding ODL sales which don’t meet at least two prongs of the Howey test,” while adding that there is a very slim chance of about 3% for SEC’s success in getting an appeal against Ripple.Continue Reading on Cointelegraph More

Some have suggested that our unconscious minds can predict the stock market through “precognitive dreaming,” while others have recently been turning to the advice of artificial intelligence chatbots. Continue Reading on Cointelegraph More