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Showing posts from April, 2023

Ripple (XRP) Delisting Could Be a Blow to Coinbase's Defense, Crypto Lawyer Suggests

SEC vs. Ripple is a well-known dispute that has been going on for more than two years. The SEC charged Ripple with marketing XRP as a sec urity, burdening XRP’s potential for long-term price growth. It is one of the most well-known court battles in the history of cryptocurrencies and a crucial development for industry regulatory worries. A crucial summary decision in the case of Ripple v. SEC is imminent, and fresh developments could change the outcome. Also read: 31% of Crypto Novices Making Mistakes by Following Friends, Advisor Warns Amidst this, there have been some issues going on between cryptocurrency exchange Coinbase and the SEC after the latter filed a Wells notice with the exchange. Coinbase has recently responded to the Wells Notice and XRP supporter and lawyer Bill Morgan has something to say about it. The fact Coinbase delisted (ceased allowing trading) of XRP can hurt its fair notice defense to a claim by the SEC. In its Wells Notice response, t

Weekly project updates: StarkWare 2023 roadmap, Filecoin to launch FWS, Polygon Bridge, etc

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1. Solana’s weekly summary a. Solana Labs announces open-source reference implementation for ChatGPT plugin link On April 26, Solana Labs announced an open-source reference implementation for the ChatGPT plugin, allowing users to interact directly with the Solana network. Once the ChatGPT plugin is available, users will be able to check wallet balances, transfer tokens, and purchase NFTs. In addition, the Solana Foundation announced a $1 million fund to explore the intersection of Solana and artificial intelligence, with grant sizes ranging from $5,000 to $25,000. b. Solana Wallet Phantom adds support for Ethereum and Polygon link Solana Wallet Phantom adds support for Ethereum and Polygon, which was originally scheduled for the 2023Q1, but was delayed until today. Phantom once completed a financing of $109 million at $1.2 billion in January 2022. Paradigm led and A16Z participated. c. Solana NFT Market Tensor surpasses Magic Eden in daily trading volume link According to Flipside, on

Just In: Tornado Cash Founder Shares First Tweet After Jailed

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Sorry I was afk for a while, what did I miss? 👀 advertisement — Alexey Pertsev (@alex_pertsev) April 28, 2023 With details of his release still unclear, it was hinted that Alexey was billed to regain his freedom earlier this month, an assurance that came following a series of failed attempts . Trending Stories Rising Supply Pressure Traps XRP Price In Narrow Consolidation; Still a Good Investment? 24/7 Cryptocurrency News BTC Price Prediction: Will Bitcoin Price Surpass $30000 Mark Before April End? 24/7 Cryptocurrency News SOL Price Prediction: Bullish Pattern Sets Solana Price for 22% Rise; Enter Today? 24/7 Cryptocurrency News XRP Price Prediction: XRP Price Coiling Up Before a Massive Move; Enter Now? 24/7 Cryptocurrency News ETH Price Prediction: New Recovery Cycle in Ethereum Price Hints a 10% Rally Ahead 24/7 Cryptocurrency News The United States Treasury Department’s Office of Foreign Assets and Contr

Bored Ape Yacht Clubs' Yuga Labs Accounts for 35% of Total Volume

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The NFT market has not been faring that well. On one hand, trade volume has been on the decline. On the other hand, the number of sellers has been eclipsing the number of buyers, making it another cause of concern. According to press time data, the market welcomed over 7,838 buyers over the past 24 hours. In the same time period, however, the market was characterized by 8,542 sellers. Even in the midst of such a turbulent environment, Yuga Labs, the creator of the Bored Ape Yacht Club, continues to dominate the NFT market. A recent report from DappRadar noted that it accounted for around 35% of the total NFT trading volume. This was during the six-month period from October 2022 to March 2023. Apart from Bored Ape Yacht Club , Yuga Labs ’ name is also associated with Mutant Ape Yacht Club and Otherside for Metaverse NFT collections. The company also went on to acquire CryptoPunks and Meebits from Larva Labs last year. All of Yuga Labs ’ projects generated around one-third of the tota

Uwerx (WERX) Presale Opportunity: Chainlink (LINK) And ApeCoin (APE) Price Prediction

2022 has been hard on many cryptos, including Chainlink (LINK) and ApeCoin (APE). While Chainlink (LINK) lost about 70.86% of its value, ApeCoin (APE) after rallying in the beginning few weeks of 2023 is on the decline. With the highly volatile crypto market, investors turn to projects in their presale that offer promising growth potential, like Uwerx. As per analysts, Uwerx can increase by 6,000% in 2023. Here is an in-depth Analysis of these three cryptos. Chainlink (LINK) Chainlink (LINK) is a decentralized network that enables the efficient linking of smart contracts with external data sources. Built on the Oracle network, Chainlink (LINK) helps blockchains to interact securely with external data feeds, payment methods, and events. The current price of Chainlink (LINK) is $7.33 with a 24-hour trading volume of $211,946,048. As per experts, the future outlook for Chainlink (LINK) is not good due to its poor performance in 2022. Uwerx (WERX) Uwerx is a crypto project in its pr

Jump Trading Deposits Millions Worth of BTC To Multiple Exchanges

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The investigative crypto platform Arkham (@ArkhamIntel) shared a post on Twitter yesterday about the broker-dealer Jump Trading, and its recent behavior in the market. According to the post, Jump Trading sent Bitcoin (BTC) worth a total of $26.6 million to various exchange deposit addresses. Jump Trading transactions (Source: Twitter) The post also mentioned that the main exchange deposit was to Binance, with Jump Trading sending $23.7 million worth of BTC to deposit addresses on the leading exchange platform. In addition to this, a further $2.18 million worth of BTC was sent to OKX, and $720k worth of BTC was sent to Bybit. Jump Trading is a registered broker-dealer, and is also a member of various well-known exchanges including the CME Group as well as the New York Stock Exchange. The fact that Jump Trading sent millions worth of BTC to a number of exchanges could indicate a desire to sell some of its holdings, which could be detrimental to BTC’s price. BTC price (

Polygon News: MATIC zkEVM Mainnet Can't Come At Better Time

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Also Read: XRP Lawyer Discloses US SEC All Out War Plan Against Crypto? advertisement Meanwhile, technical indicators suggest that MATIC is currently well placed for a bullish scenario. CoinGape reported that MATIC could see a price upswing if it broke the neckline resistance of $1.30. On the upside, the top 10 cryptocurrency could see a 50% rise all the way to $1.80. Polygon zkEVM Mainnet The World’s first licensed Crypto Casino. Begin your journey with 20% cashback up to 10,000 USDT. Signup Ad The Polygon MATIC zkEVM Mainnet, expected to be live by end of March 2023, could bring major upswing the cryptocurrency’s price in near term. The mainnet launch will likely save transaction fees for the users, apart from saving data costs for the network. As a solution, zkEVM works on decentralized Ethereum Layer 2 scalability using cryptogra

Shiba Inu (SHIB): BONE Now Listed on This Popular Crypto Exchange

Shiba Inu has established itself as a well-known meme-inspired cryptocurrency. It has even secured a place among the top 20 cryptocurrencies by market capitalization. The SHIB development team has demonstrated a steady commitment to improving the meme coin through various initiatives, developments, collaborations, and listings. Also read: Why Bitcoin surpassed $30,000 again? Watcher.Guru had earlier reported that  Flitpay , a popular Indian cryptocurrency exchange, could potentially list the meme coin. The exchange also tweeted a poll asking the community which coins to list. Woof! Woof!$BONE is LIVE on Flitpay !https://t.co/akDQj7oiQ4 You can now Trade and Invest in BONE/INR pair on Flitpay app or web with ZERO fees.#SHIBARMY # Bone # Bone ShibaSwap #SHIBARIUM pic.twitter.com/QAV4I9DLNk — Flitpay: India's Popular Cryptocurrency Exchange (@flitpayofficial) April 26, 2023 BONE is officially listed on Flitpay According to the latest details from their offic

Third Round of ETH Withdrawals Sees Roughly Equal Amounts of Deposits

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Join Our Telegram channel to stay up to date on breaking news coverage According to data from the analytics platform Nansen, Ethereum staking withdrawals have entered their third round. Although the ticker for Ether (ETH) is down at $1,817, staking deposits have almost equaled it.  Staked ETH Reaches All-Time High Before Recent Withdrawals: Nansen Report Nansen reported that the total amount of staked ETH reached an all-time high before the last wave of withdrawals began. On April 24, the figure hit 18,796,663 ETH, valued at around $34.5 billion. This represents 14.5% of the total Ether supply, although the current figure is slightly lower than the peak because of the EIP-1559 burning mechanism, which has caused a decline of 114,077 ETH (around $209 million) since the Merge in September. Third round of principal withdrawals underway Again largely Kraken, bringing their total principal withdrawn to almost 400k Source: @nansen_ai pic.twitter.com/jVnnxnl5Jf — Martin Lee | N

Bitcoin price hits new record high in Argentina

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Argentina's pesos have crashed 99% versus the U.S. dollar since the beginning of the currency crisis in 2018. Last week, the price of Bitcoin (BTC) reached a record high in Argentine Pesos (ARS) terms following persistent inflation in Argentina. Argentina's inflation pushes BTC price to all-time high On April 18, the BTC-to-ARS exchange rate crossed over 6.59 million ARS, according to aggregated price data tracked by Google Finance. Since the peak, the rate has corrected to around 6 million ARS, down 9%, but still up more than 100% year-to-date (YTD). BTC/ARS price performance so far in 2023. Source: Google Finance Bitcoin's growth in the Argentine Markets coincides with the continuous ARS devaluation. For instance, traders were paying as low as 460 ARS to buy a Dollar note from the black market on April 24 — more than double the official spot rate that pays 220 ARS for the dollar.  FMyA, a U.S.-based consultancy firm, notes that the Argentine central bank's reserves

Ripple: Will XRP Fall to $0.10 Next? Analyst Weighs-in

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Ripple ’s native token XRP rallied last month from a low of $0.36 to a yearly high of $0.57. XRP spiked nearly 60% in March delivering stellar profits to investors in a short period. However, the cryptocurrency began retracing in price in April and shed most of the gains that it generated in March. XRP is currently hovering around the $0.45 mark and is down nearly 3% in the last 24 hours. Also Read: BRICS Countries Buying Large Amounts of Gold To Topple the U.S. Dollar XRP/USD Chart by TradingView The bulls are unable to achieve the $1 target as the bears are pushing its price down due to sell-offs and profit bookings. A cryptocurrency analyst predicted that XRP could slide further and fall to $0.10 in the coming months. Taking the prediction into account, the pseudonymous crypto analyst Egrag weighed in on the possibility of XRP falling to $0.10. Will XRP Crash To $0.10? According to Egrag, XRP has fewer chances of falling to $0.10 from its current price of $0.45. He

Decentralized exchange GMX votes to use Chainlink low-latency oracles

A Chainlink exec said the oracles will improve GMX’s security by providing a more “strong degree of tamper-resistance when settling user trades.” Chainlink’s (LINK) low-latency oracles will integrate with the decentralized exchange (DEX) GMX following a successful governance proposal that sought to provide more “granular” real-time market data to GMX v2. Voting ended on April 25 at 12:00 am UTC, with over 96% of participating GMX tokenholders voting in favor of the proposal. The new Chainlink oracles — which were built with the input of GMX core contributors — were brought in to improve upon the functionality of perpetual DEXs and price-sensitive trading on GMX, the author of the proposal explained. The @GMX_IO community has officially approved a proposal to integrate Chainlink's new low-latency oracles as the launch partner in an on-chain vote with 96.28% approval. This integration will enhance both the security and UX of GMX's derivatives protocol.https://t.co/sh1tLDLtps — C