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Dec 17, 2023 at 08:58 // Price Author Coin Idol Quant (QNT) is trading sideways below the $185 resistance level. QNT price Analysis by Coinidol.com. Long-term Quant price forecast: bullish The altcoin rallied to a high of $185 before resuming its horizontal trend. The digital asset is currently trading between $85 and $116. Since December 9, QNT has been stuck at a high of $116. Should buyers break through the $116 resistance, the market will rally to a high of $132. Meanwhile, the altcoin is fluctuating below the resistance level, suggesting that it ...

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin’s Q4 surge is tied to ETF Talks, while Borroe Finance’s $ROE second presale stage hits $1.8 million. Bitcoin (BTC) has been bullish since the start of Q4 2023. Subsequently, analysts credited this state of affairs to the ongoing talks for approval of BTC Spot ETFs. On the other hand, new DeFi projects like Borroe Finance ($ROE) recorded significant progress in their presale stages. Some investors are betting on this token for massive ROI in 2024. >>BUY $ROE TOKENS NOW<< Bitcoin Spot ETF takes center stage amid BTC surge Recently, the possibility of a Bitcoin Spot ETF approval by the SEC rose to an all-time high after the commission held a strategic meeting with BlackRock. According to reports, BlackRock made structural adjustments to its BTC Spot ETF application after meeting with the SEC.  ...

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As the year comes to a close, investors have been exploring potent project s. Apart from Ethereum (ETH) and XRP, investors have been exploring BorroeFinance (ROE).    BorroeFinance to resolve liquidity problems One of the disadvantages of building in a new industry is skepticism from investors.  Wall Street and traditional financial institutions hardly fund new projects due to the volatile nature of the cryptocurrency industry.  As a result, blockchain developers created an AI-powered fundraising platform, BorroeFinance. You might also like: Swiss City Lugano to accept Bitcoin for tax payments; spotlight on BorroeFinance presale BorroeFinance allows web3 businesses to raise instant cash by minting future income into NFTs and selling them at discounted prices.  In addition, BorroeFinance i...

U.S. Securities and Exchange Commission Chair Gary Gensler indicated a possible change in the agency’s approach towards Bitcoin ETFs. During a CNBC interview, Gensler revealed that the U.S. Securities and Exchange Commission (SEC) is reconsidering “between eight and a dozen filings” for spot Bitcoin ETFs, a move influenced by recent court decisions in the District of Columbia. SEC Chair Garry Gensler commented on @CNBC about SPOT #Bitcoin ETF. How they have been denying a dussin of these ETFs in the past, but now BlackRock… I mean Courts in DC have intervened and now the SEC have to reprocess these ETF applications again. Remember what I… pic.twitter.com/QrD42zaLIo — Seth (@seth_fin) December 14, 2023 Historically, the SEC has hesitated to approve such proposals, citing various concerns. However, Gensler hinted at a shift, attributing it to judicial input. While he avoided directly referencing the Grayscale case, the context suggests a connection. Earlier ...

BingX, a prominent cryptocurrency trading platform, has officially added JITO (JTO) to its list of tradable assets. This move comes amidst a remarkable surge in the value of JITO and a notable increase in Solana’s price . Coinciding with the introduction of JITO on BingX, there has been a noticeable impact on Solana’s ecosystem. Solana’s native token, SOL, experienced a remarkable surge in value, increasing by 12.48%. This increase is particularly noteworthy as it occurred during a period when the value of Bitcoin (BTC) was declining. This trend highlights the resilience and strengthening position of Solana in the cryptocurrency market. Further underscoring the growing interest in the JTO trading pair, the market value of JITO Labs has seen a significant increase following its successful airdrop. The price of JITO soared by an impressive 83%, a clear indication of the market’s confidence and interest in its potential within the Solana fra...

Crypto derivatives firm Bitnomial has received approval from the Commodity Futures Trading Commission to register as a derivatives clearing organization in the U.S., enabling it to settle margined futures and options contracts. The approval, secured by a four-to-one vote at the December open meeting of the CFTC, establishes Bitnomial as the first crypto-native exchange in the U.S. to acquire a full range of licenses for derivatives exchange, clearing house, and brokerage. In a Dec. 13 press release, the company highlighted its position as the sole exchange in the U.S. offering margined, physically delivered digital asset derivatives. This offering enables customers to obtain actual ownership of digital assets on a leveraged basis, a shift from the typical cash settlement approach. You might also like: Crypto.com launches new derivatives product The acquisition of the derivatives clearing organization (DCO) license completes Bitnomial’s regulatory framework, compl...

Ripple kept 200 million XRP liquid after unlock ing its monthly 1 billion tokens within the escrow system. So far, on December 13, the largest XRP Ledger (XRP) holder has already spent 120 million ($73.8 million) out of the total kept this month. Notably, these unlock s have happened since 2017 because Ripple received 80% of all the XRP tokens created in 2012. After each monthly unlock , the company sells an arbitrary amount of the available tokens, added to its circulating supply. This is what constitutes XRP’s supply inflation, which directly impacts price projections for the digital asset. Essentially, this inflation is also what mostly funds Ripple’s endeavors and revenue. Finbold has covered each month’s sell-off since September, identifying an on-chain spending pattern that was partially repeated in December. Tracking Ripple’s on-chain XRP trails Cryptocurrency Top 3 cryptocurrencies under $1 to buy this week Cryptocurrency Ripple has 200 ...

Victoria, Seychelles, December 13th, 2023, Chainwire Bitget, the world’s leading cryptocurrency exchange and Web3 company, is thrilled to announce the latest addition to its trading platform — TURTSAT. This listing is not just a strategic move for Bitget but also a testament to the platform’s commitment to providing its users with access to innovative and promising projects. TURTSAT is a revolutionary project that brings a fresh perspective to the cryptocurrency space. With a mission to redefine decentralized finance (DeFi), TURTSAT leverages blockchain technology to create a platform that combines security, transparency, and user-friendly Features . Users can expect a seamless experience in trading and managing their digital assets. In the midst of TURTSAT’s listing excitement, it’s worth noting the current trends in the broader Bitcoin ecosystem . Recent statistics reveal a surge in Bitcoin adoption and interest. Bitcoin’s ...

Avalanche (AVAX) is among the best-performing cryptocurrencies right now. The popular altcoin has surged 14.7% in the last 24 hours and 85% over the previous week. Moreover, the token’s price has risen by over 153% in the monthly charts. AVAX’s latest surge comes amid other significant projects dipping in prices. Source: CoinGecko Avalanche (AVAX) has even outperformed Bitcoin (BTC) in 2023. Since January, BTC’s price has risen by about 150%. On the other hand, AVAX has surged by over 280% in the same time frame. However, one should note that AVAX’s price did not make much movement for most of the year. The token’s price began to gain traction in November, and in December, the price skyrocketed. Also Read: Top 3 Cryptocurrencies to Watch This Week Moreover, according to DefiLlama, since Sept. 12, Avalanche ’s (AVAX) TVL (Total Value Locked) has surged from $490 million to $894 million, an 82% growth. At the same time, the token’s tr...

KuCoin was the latest crypto exchange to agree on fines with New York regulators as the state cracked down on non-compliant service providers. The Seychelles-based digital asset trading venue will pay $22 million as part of a settlement with the state of New York over a lawsuit alleging commodities and securities violations.  The settlement included $5.3 million in penalties paid directly to New York and $16.7 million worth of crypto reimbursements to some 177,800 resident investors. Additionally, KuCoin has agreed to shutter all its state operations completely.  Despite the news, KuCoin’s exchange token KCS saw double-digit gains, trading over $13.30 at press time. The token was a top gainer on Dec. 12, as reported by crypto.news. KCS up double-digits in 24 hours | Source: CoinMarketCap You might also like: CoinGecko reports top CEXs, Kucoin falls out of top 10 New York’s crackdown on KuCoin and crypto In March, New York Attorney General Letitia James sued K...

XPLA, a blockchain network developed by South Korean gaming giant Com2uS, has brought on board Google Cloud as its first volunteer validator. The latest collaboration is expected to leverage Google Cloud’s robust infrastructure to enhance the growth and innovation of web3 games. Google Cloud joining as an XPLA Validator Pilots! Say Hello to #GoogleCloud XPLA is thrilled to welcome @googlecloud as our #validator. Reinforcing our commitment to Web3 security and governance propels us into the future of gaming. Details: https://t.co/qpmKfR7akt pic.twitter.com/9OZzOR3FIb — XPLA (@XPLA_Official) December 12, 2023 At present, the XPLA network is actively voting on the formal implementation of this volunteer validator system, and the proposal has garnered unanimous support with 100% votes in its favor at the time of reporting. “We hope to accelerate the growth and innovation of web3 games based on the secure and high-performance Google Cloud infrastructure.” Ja...

Russian traffic increased up to 20% on several tier-1 crypto exchanges in November, as Binance recorded significantly slower trading volume growth than its major competitors.  According to the latest CEX data from WuBlockchain, most of November’s traffic inflow on top crypto exchanges such as Huobi, Deribit, Bitget, and Bybit came from Russian users. These exchange benefits significantly from Binance’s exit from the Russian market. Nearly 20% of Bybit’s traffic last month came from Russian users – most from a single geographical location. This was also reflected in the exchange ’s spot trading volume, as Bybit saw a 62.5% increase in November.  Bitget also saw 10% of its traffic generated from Russia, which became its leading traffic source in Europe, and the platform also recorded a nearly 60% increase in its trading volume. Binance’s exit seemingly didn’t impact Russia’s crypto activities, as cryptocurrency transactions increased by 53.9% in the country this year....

Sentiment in cryptocurrency markets appears to be stabilizing, according to the latest Digital Asset Fund Flows report published by CoinShares. For the 11th straight week, investment products targeting the crypto space recorded net in flows , suggesting sustained appetite among investors. However, the pace of capital injections has tempered significantly in recent periods. According to the figures covering the week ending December 9th, crypto funds saw $43 million in net in flows . This represents a notable decline from peaks in prior weeks, indicating waning enthusiasm at current prices. The shift comes as some investors take a more cautious stance by building short positions to hedge against potential downside risk after the latest uptrend. Also read: Will Ethereum Flip Bitcoin in 2024? VanEck Weighs In Is enthusiasm waning at current cryptocurrency prices? Breaking down the flows regionally, Europe is still leading the charge, accounting for the full $43 million of n...

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin recently crossed $44,000, a significant milestone for the crypto this year. This surge is attributed to positive indicators regarding U.S. interest rate cuts and the expectation of a Bitcoin ETF approval.  The upward trend suggests a revitalized crypto market after the previous year’s challenges.  Alongside the rise of Bitcoin, altcoins such as InQubeta (QUBE) and Fetch.AI (FET) have benefited from the positive market sentiment. InQubeta reshaping AI tech investments InQubeta integrates AI with blockchain, thereby attracting the attention of investors and traders alike. Its approach to democratizing AI startup investments has opened up new avenues for investors seeking to capitalize on the potential of AI-driven ventures.  The platform enables participation in crypto AI startups through NFTs, br...

The Decentralized Finance (DeFi) ecosystem is heating up with a massive capital inflow. Most cryptocurrencies are experiencing price surges while investors lock up value on Web3 protocols. Notably, the Total Value Locked (TVL) in DeFi is back to yearly highs of 2023 at $52.71 billion. Finbold retrieved this data from DefiLlama on December 9. The 24-hour volume was $4.45 billion by press time, and the total funding amount was $97.74 billion. Total Value Locked in DeFi – USD. Source: DefiLlama The world economies’ GDPs below DeFi’s value Interestingly, the current TVL is higher than the top 91 countries ’ GDP of 2023, according to Wikipedia ’s list. In particular, Uganda 2023’s GDP is $52.39 billion, Tunisia’s $51.27, and Jordan’s $50.02. Other countries in this top 100 economic list with lower GDP than DeFi’s total value locked are Cameroon, Bolivia, Latvia, Bahrain, Paraguay, Estonia, and Nepal. List of countries by GDP (nominal in millions). Source: Wi...

Lookonchain, a web3 data Analysis tool that tracks whale activity, shared a post on X that one fund or institution had secured $60 million in USDT from the Tether Treasury. This brings the total to $1.76 billion USDT received from Tether Treasury and subsequently funneled into exchanges since Oct. 20. As part of the post, Lookonchain puts these numbers into perspective, highlighting the sum is enough to acquire 44,000 Bitcoin (BTC) at an average price of $40,000. The mysterious fund/institution received 60M $USDT from #TetherTreasury again 2 hours ago. This fund/institution has received a total of 1.76B $USDT from #TetherTreasury and transferred to exchanges since Oct 20. The 1.76B $USDT can buy 44K $BTC at an average price of $40,000. pic.twitter.com/POIWCHo3Gg — Lookonchain (@lookonchain) December 8, 2023 On Nov. 22, Lookonchain also reported significant Tether treasury transactions, revealing that Tether Treasury had recently minted an additional $1 billion. The tweet...

The UK ’s National Audit Office ( NAO ) has accused the country’s Financial Conduct Authority ( FCA ) of enforcing crypto laws too slowly and said that a shortage of crypto -savvy staff has caused delays in registering crypto firms. That’s according to today’s report published by the NAO, a non-government entity tasked with scrutinizing public spending. It claims crypto-assets may be a key area of uncertainty capable of hindering the FCA’s ability as a regulator. In its key findings, the report states “there can be a significant delay between the FCA identifying an issue to tackle, and it taking regulatory action.” It cited the FCA’s slow approach to cracking down on illegal crypto ATMS. “While the FCA has required crypto-asset firms to comply with anti-money laundering regulations since January 2020, and began supervision work including engaging with unregistered firms, it did not begin taking enforcement action against illegal operators of crypto ATMs until Feb...

U.S. Senator Elizabeth Warren labels cryptocurrency as a “new threat,” citing concerns about its use in terrorist financing and drug trafficking. Warren alleges that North Korea is using crypto to fund half of its nuclear weapons program. JPMorgan Chase CEO Jamie Dimon suggests closing down crypto if he were the government. U.S. Senator Elizabeth Warren reiterated her concerns about cryptocurrency, labeling it as “a new threat.” She alleged that crypto is being utilized for terrorist financing and drug trafficking. In a recent interview on NBC’s Squawk Box, Senator Warren, in her attempt to regulate crypto, sounded the alarm on crypto, stating: There is a new threat out there. It’s crypto. It is being used for terrorist financing. It is being used for drug trafficking. Warren went further, alleging that North Korea is using cryptocurrency to “pay for about half of its nuclear weapons program.” Warren’s worries find support...

BRC-20 token Ordinal (ORDI) faces volatility after Bitcoin developer Luke Dashjr criticizes Ordinals, labeling it as “spam” exploiting a Bitcoin Core vulnerability. Dashjr suggests Ordinals may cease to exist once the vulnerability is fixed, causing a 15% decline in ORDI’s price to $51.72. Some whales actively accumulated ORDI, but others strategically sold, with one whale securing profits exceeding $2.3 million. In the last two days, the price of the BRC-20 token Ordinal (ORDI) has experienced significant fluctuations following a Bitcoin Core developer’s claims that Ordinals is an attack on Bitcoin. Lookonchain, a prominent crypto Analysis platform, delves into the market dynamics surrounding ORDI and explores whether whales are selling or accumulating the token. Is It the End for Bitcoin Ordinals? In an X post, Luke Dashjr, Bitcoin developer and co-founder of the Ocean mining pool, criticized inscriptions like Ordinals and BRC-20 token...