Cryptocurrency

XRP’s surge is attributed to Ripple’s court victory over the U.S. Securities and Exchange Commission (SEC) and its newly acquired license in Singapore. These developments have increased market confidence in the digital currency. David Janczewski from CoinCover and Ruslan Lienkha from YouHodler emphasized the crucial role regulatory clarity plays in boosting market confidence.In parallel, the rise of AVAX is linked to the launch of the Stars Arena platform on the Avalanche network. This event marked a significant milestone for the cryptocurrency, driving its value upward.Looking ahead, Lienkha anticipates that SEC approval of Bitcoin ETFs could occur in Q4 2023 or early 2024. This approval could potentially push Bitcoin’s price to between $35,000 and $40,000 by the end of 2023.It should be noted that these trends are not to be considered investment advice but an overview of recent events within the cryptocurrency market. As always, individuals should conduct their own research or seek professional advice before making any investment decisions.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

The document states the possibility of forfeiture comes as a result of the “offenses described in Counts One through Four and Seven of Indictment 22 Cr. 673 (LAK),” which were brought against SBF. Continue Reading on Coin Telegraph More

On Thursday, data analytics firm Santiment reported that Ethereum self-custodying is on the rise, pushing exchange-held ETH to a five-year low. This development is seen as an affirmation of the bullish sentiment surrounding Ethereum.The Securities and Exchange Commission’s approval of Ether futures ETFs has further strengthened this bullish trend. Following this green light from the SEC, industry heavyweights such as BitWise, ProShares, and VanEck launched their Ether futures products, leading to a surge in Ethereum’s price.VanEck’s Ethereum Strategy ETF (EFUT), in particular, offers investors active participation in digital currencies. Kyle DaCruz noted that this product could be a significant catalyst for the ongoing trend.After witnessing a 1.2% surge over the past week, analysts project that by year-end, ETH could trade at a minimum of $1,966.08, average around $2,457.60, and potentially peak at $2,949.12.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

The first hours of SBF’s trial have offered a glimpse of the arguments the United States Department of Justice (DOJ) and the former FTX CEO’s defense will bring to court in the coming weeks.Continue Reading on Coin Telegraph More

In correspondence with Cointelegraph, Nodle co-founder Garrett Kinsman outlined the firm’s upcoming software development kit (SDK) for its ContentSign solution that will look to prove the integrity of data from its moment of capture using blockchain.Continue Reading on Coin Telegraph More

The quantity of Ethereum held outside of exchanges reached an all-time high of 115.88 million ETH during the same period. Meanwhile, the amount of Ethereum held within exchanges fell to a five-and-a-half-year low, indicating a shift in investor behavior.In addition to these movements, CoinGecko data recorded a slight price dip for Ethereum. The cryptocurrency’s market cap stood at approximately $196.7 billion, with a 24-hour trading volume close to $7.3 billion. The trading range for Ethereum was between $1,631.65 and $1,654.45.However, not all Ethereum-related news was positive. Senior analysts at K33 noted that the debut of Ethereum futures Exchange-Traded Funds (ETFs) did not meet expectations. No further details were provided regarding the performance of these ETFs or potential reasons behind the disappointing launch.This sequence of events indicates a dynamic period for Ethereum, with significant withdrawals from exchanges and an underwhelming debut for futures ETFs. The implications for investors and the broader market remain to be seen.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

“Carl from the Moon” observes a Bitcoin bull flag formation on the weekly time frame that has a price target of $40,074.By definition, a bull flag is a bullish chart pattern depicted by two rallies separated by a brief pullback period. Profit-taking brings the initial rise to a stop, and the price settles into a tight range with slightly lower lows and higher highs.This demonstrates that there is still support on the market, even though theof some large long positions and traders entering short positions is causing the price to move downward.As the consolidation progresses, the price may break out of the upper range level and/or reach a new high after the bulls retake control to trigger another rally.BTC temporarily surpassed $28,000 earlier this week before reversing some of its gains., one of Glassnode’s cofounders, highlights BTC’s impressive rise at the start of October, while suggesting that a major decline seems improbable at this stage.”BTC enjoyed a 6% surge on Sunday, but hitting a roadblock at $28.5K led to a 4.5% dip the following day. Nevertheless, the Risk Signal’s sharp drop below the high-risk threshold suggests that a major decline is improbable at this stage,” the Glassnode cofounder tweeted.According to Santiment, Bitcoin experienced its largest volume spike on Monday, only hours after breaking beyond the $28,400 barrier for the first time since mid-August. This article was originally published on U.Today More

Accounts linked to FTX and FTX.US were drained of $600 million on Nov. 11, 2022, hours after the crypto exchange had filed for Chapter 11 bankruptcy. At the time, FTX general counsel Ryne Miller informed traders about the hack caused by malware:Continue Reading on Coin Telegraph More