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The New York Digital Investment Group (NYDIG) has predicted that the ongoing US government shutdown could extend from a mere day to a more protracted 35-day duration. This looming shutdown has raised concerns about its potential ramifications on the decisions of the U.S. Securities and Exchange Commission (SEC) regarding a range of Exchange-Traded Funds (ETFs). The SEC’s impending decision on bitcoin spot ETFs is of particular interest, which must be made before January 10, 2024. This timeline has added pressure to the strained situation, given the potential delay caused by the government shutdown. The SEC could opt for a consistent approach, rendering decisions on all ETFs simultaneously, whether approval or rejection. Ethereum Futures ETF Set to Launch Amidst these developments, the launch of an Ethereum futures ETF is rapidly approaching. Remarkably, no spot Ethereum products are under consideration by the SEC . This marks a significant difference from the BITCOIN market, w...

Dan Gambardello revealed in an X post today that another market crash may occur soon. According to the analyst, the potential market crash will then be followed by BTC printing higher highs. BTC’s price was able to overcome a medium-term negative trend line and was challenging resistance at press time. The cryptocurrency trader and analyst Dan Gambardello shared in an X post earlier today that the cryptocurrency market crashing one more time “would make sense as far as cycles go.” Following this potential crash, the analyst anticipates that Bitcoin (BTC) may print higher highs to lead the market into the next bull run. I'm cool with one more crypto crash. It would make sense as far as the cycles go. Then the higher highs into the next bull run will begin. pic.twitter.com/mjIPzBfRw3 — Dan Gambardello (@cryptorecruitr) September 29, 2023 Meanwhile, CoinMarketCap indicated that the global cryptocurrency market cap rose 0.18% over the past 24 hours...

A widely followed crypto analyst is keeping an eye on Bitcoin (BTC) while breaking down Chainlink’s (LINK) latest movements. Pseudonymous crypto trade Rekt Capital tells his 354,700 followers on the social media platform X that BTC’s current price point is acting as a “point of reflection” for the largest crypto asset by market cap. “BTC  Acting as a point of rejection for the moment Worth watching.” Source: Rekt Capital/X BTC is worth $26,899 at time of writing, down 0.5% in the last 24 hours. In the latest edition of the trader’s Altcoin News letter, Rekt Capital shares what he calls a “short story,” told mostly in charts, about Chainlink’s recent price movements, resulting in a +44% since mid-August. “Here is a short story on Chainlink:” Source: Rekt Capital “LINK then followed the red path…” Source: Rekt Capital “Then rebounded strongly from the Range Low, ...

A Hong Kong man accused of playing a role in the unfolding JPEX crypto scandal has apparently been caught destroying potential evidence using paper shredders and a bathtub full of bleach. As reported by the South China Morning Post (SCMP), the man, known only as ‘Tang,’ was arrested along with three other suspects who authorities say are “relatively close to the core” of the troubled Dubai-based Crypto platform. The arrests bring the total number of people apprehended in connection with JPEX to 19 with police reportedly still tracking a number of people accused of money laundering and fraud.  JPEX was accused this month by Hong Kong’s Securities and Futures Commission of having “suspicious features” while also operating without a license . Access to JPEX for residents in Hong Kong was blocked last week and more than 2,400 complaints have been made to the police regarding the company. Alongside the arrests, police also seized cash and valuables worth HK$6....

The legal uncertainties surrounding XRP delve into a complex web of regulatory challenges, particularly in the context of  Ripple‘s ongoing legal battle with the U.S. Securities and Exchange Commission (SEC).  This legal tussle revolves around the SEC’s assertion that XRP qualifies as a security, a classification vehemently contested by Ripple. The intricacies of this dispute not only impact XRP’s current market standing but also project a shadow of uncertainty over its future trajectory. The outcome of this legal skirmish in 2024 holds profound implications for XRP’s regulatory standing and, consequently, its market dynamics. Investors and market participants are closely monitoring these legal proceedings, as the resolution could potentially influence not only XRP’s valuation but also set precedent for the broader cryptocurrency landscape in terms of regulatory clarity. As we navigate towards the conclusive quarter of the year, Finbold has sought insig...

Crypto Trader & Analyst Rekt Capital offers a roadmap for Bitcoin investors to secure profits into 2024. He argued current Bitcoin prices near $9,500, mirroring 2019 levels, pose a high-risk buy. Rekt Capital suggests a 27% retracement to $20K could offer a buying opportunity for a relief rally and post-halving gains. Bitcoin markets have been passive over the past weeks, hovering around $26,000 with no significant negative or positive leap. Amid the Bitcoin dull moments, prominent Bitcoin analyst Rekt Capital argued with a roadmap for positioning Bitcoin investors in the current market to potentially reap profits well into 2024 and beyond. New YouTube video is live! 4 Things You Need to Know About Bitcoin To Succeed in 2024 Check it out here:https://t.co/hW5rZVMvC8 Enjoy and Subscribe!#BTC #Crypto #Bitcoin — Rekt Capital (@rektcapital) September 28, 2023 Rekt Capital began by examining historical trends across Bitcoin’s market cycles and...

How Much Ethereum is There?: Exploring the Circulating and Total Supply As the popularity of Ethereum continues to soar, many enthusiasts are curious about the supply of this crypto currency. How many Ethereum are in circulation? What is the total amount of Ethereum available? In this comprehensive guide, we will delve into the intricacies of Ethereum’s supply, its unique economic model, and the future prospects of this groundbreaking blockchain platform. Also read: Will Ethereum Recover? Source: MARCA Understanding Ethereum: An Overview Before we dive into the details of ETH supply, let’s first establish a basic understanding of this revolutionary blockchain platform. Created by the visionary developer Vitalik Buterin, ETH is not just a digital currency but a robust blockchain that enables users to execute smart contracts and build decentralized applications (DApps). Unlike Bitcoin, which primarily serves as a digital currency, ETH capabilities extend far be...

Putting its troubles from 2022 behind, Bitcoin [BTC] commenced 2023 on a positive trajectory. It successfully overcame the fears associated with the “Rektember” trend. This is after it registered a 1.94% surge, a feat not seen in the past six years. Yet, the critical question remains whether Bitcoin will conclude the year on a positive note, especially considering that Q4, notably October, is often regarded as one of the most promising months for the leading crypto currency. In the past, the fourth quarter, particularly October, has shown a tendency to be favorable for crypto . For example, despite the bearish conditions in 2022, Bitcoin recorded an impressive nearly 6% increase in value in the same month. In 2021, BTC saw a remarkable surge of 40% during October. This pattern of positive performance has been observed consistently throughout the years. Source At press time, as BTC trades at $26,410.21, the real question is whether the asset can report history and see a n...

Worldcoin ’s native token, WLD, has grabbed the attention of the CRYPTOCURRENCY community, registering an impressive 80% increase in value over the past fortnight. This surge has piqued the interest of everyday crypto users and caught the eye of industry experts. Riyad Carey, a distinguished crypto analyst, recently highlighted a surge in WLD buying on Binance within 24 hours. Drawing on data from Kaiko, a leading cryptocurrency data provider, Carey pinpointed an influx of roughly $1 million into WLD on Binance in a mere six-hour window. This substantial buying spree propelled WLD’s value, culminating in a 5% boost for the Worldcoin token. Moreover, the analysis suggests that a phase of WLD accumulation could be on the horizon. Carey’s insights don’t stop at Binance. A pattern emerges by examining WLD’s volume across various CRYPTOCURRENCY exchanges, including giants like Uniswap, Bithumb, Bybit, Kucoin, OKX, and Binance. Only Binance, as of September 2...

Crypto exchange Binance’s market share among non-USD platforms declined to nearly 50%. Binance had 75% of the market share at the start of the year, which dropped steadily in recent months. The declines come amid the company’s regulatory woes, massive layoffs, and increasing FUD. More troubles loom for cryptocurrency exchange Binance following a recent report that its market share among platforms that do not support US dollar trading has taken a significant hit. The report detailed that the decline started at the start of the year. In particular, the report revealed that Binance’s market share among these platforms, including Huobi, ByBit, Upbit, and OKX, stood at 75% at the end of last year. However, in what has been a tough year for the company, its tight grip on the market weakened. As a result, the crypto exchange’s market share declined to around 54% last month. According to the report, this figure could drop to 51% before the end of the month. ...

The BRICS idea of backing their yet-to-be-decided currency with GOLD to challenge the U.S. dollar could be a herculean task. The U.S. dollar reached a 10-month high in September 2023 as the DXY index printed a high of 106 on Tuesday. The U.S. dollar is only eight points away from reclaiming its 52-week high of 114. Gold, on the other hand, dipped this month as the U.S. dollar towered against the precious commodity. The fall comes after the BRICS alliance relentlessly accumulated GOLD this year to take on the U.S. dollar. Also Read: US Dollar Reaches 10-Month High, Weakens BRICS Currencies BRICS: Gold Dips Against the U.S. Dollar Source: Fortune.com, Anthony Bradshaw / Getty Images BRICS is the largest buyer of GOLD in 2023, as the Central Bank in China, Russia, and India purchased the precious metal. However, the GOLD index (XAU/USD) dipped to 110 on Tuesday, falling from a high of 119 for a week. The precious metal slipped below the crucial support of $1,900 this week. Gol...

A closely followed crypto strategist believes that one Ethereum (ETH)-based digital asset is setting up for an explosive run. Pseudonymous analyst Altcoin Sherpa tells his 196,400 followers on the social media platform X that the decentralized oracle network Chainlink (LINK) is a solid crypto project from a fundamental standpoint. According to the trader, LINK could outperform the broader altcoin markets in the next bull cycle as the coin has been trading within a well-defined range for over 500 days. “LINK: Still one of the few coins that I would consider just buying a bag of and letting it sit for the next six months [plus]. I think this is going to be a very strong one for the next cycle. Core infrastructure for a ton of projects with few competitors.”  Source: Altcoin Sherpa/X At time of writing, LINK is worth $7.53, up over 8% in the last 24 hours. Another altcoin that Altcoin Sherpa thinks may perform well in the next market cycle is Rollbit C...

A remarkable transformation is underway at 1xBit , the crypto betting platform now integrated with Algorand and Arbitrum, avant-garde deposit methods poised to redefine users’ transactional experience. A Glimpse into Algorand’s and Arbitrum’s Marvels A paragon of efficiency, Algorand successfully solves the so called blockchain trilemma: it ensures full participation, protection, and speed within a truly decentralized network which is very beneficial to crypto users.   Arbitrum boasts rapid transaction speeds and minimal fees, creating a seamless and cost-effective financial ecosystem. Rest assured, the safety of transactions remains paramount, with Arbitrum’s fortified architecture ensuring that any interactions remain secure and incorruptible.   Now, with an expansive selection of 5 tokens based on Arbitrum (Ethereum, DAI, Tether, USD Coin and Bridged USDC) users can bet on their favorite events on 1xBit and fuel betting fe...

With the majority of assets in the cryptocurrency market back in the sideways trading mode, Shiba Inu (SHIB) is no different, and data suggests using the dollar-cost averaging (DCA) strategy by investing $100 per week in 2023 would not have been profitable for this cryptocurrency. Specifically, investors who rely on this method spread out their investments by purchasing in specific intervals and in roughly equal amounts of money, regardless of the asset’s price at the time. DCA-ing is popular because it reduces the psychological barriers present in other investing strategies. DCA-ing SHIB As evident in the case of Shiba Inu, DCA is not always an ideal investment strategy, as it may fail to protect the investor from dropping market prices or stop them from investing during prolonged bull markets when the asset is pricier than during bearish periods. Indeed, buying $100 worth of SHIB at roughly the same time each week since January 1, 2023, which would involve making a total inves...

Toronto, Canada, September 25th, 2023, Chainwire TYRION, an innovative force in the realm of decentralized digital advertising, proudly announces the launch of its revolutionary blockchain advertising technology. This launch marks a radical shift in an aging industry that has seen little innovation in the past decade–and that is currently centralized and dominated by two tech behemoths. In the age of digital marketing, and certainly in the world of crypto and blockchain, challenges such as lack of transparency, data privacy concerns, ever-declining ROI, and fraud have been pervasive. Tyrion aims to revolutionize this space by offering a decentralized solution that addresses these challenges head-on, fostering an ecosystem of trust, transparency, user empowerment, and user reward. At the core of this platform lies the $TYRION token, designed to seamlessly integrate and support every facet of the platform’s operations. $TYRION is not just another crypt...

Author: TaxDAO On July 11, 2023, the U.S. Senate Committee on Finance released a letter seeking answers from the digital asset community and other interested parties on appropriate treatment under federal tax law. The open letter raises a number of questions, including whether digital assets should be permitted to mark to market and treatment of loans of digital assets, etc. Based on the principle that tax policies should be loose and flexible, TaxDAO has responded to these questions accordingly and has submitted the response to the Committee on Finance on September 5th. We will continue to follow up on this important topic and also look forward to maintaining close cooperation with all parties. We welcome your attention, communication and discussions! Below is the full text of TaxDAO’s response: TaxDAO’s Response to Committee on Finance on the Taxation of Digital Assets September 5, 2023 To Committee on Finance: TaxDAO welcomes the opportunity to response to key questions that lie at ...