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The CRYPTOCURRENCY realm is abuzz with a staggering PRICE PREDICTION for $ XRP , the native token of the XRP Ledger . The forecast points to an eye-catching 1,160% price increase, potentially elevating the CRYPTOCURRENCY ’s value to $6.7. This bullish sentiment is especially notable given XRP ’s consistent performance, maintaining its stance above a decade-long trendline support visible on its monthly chart. Egrag Crypto, a renowned crypto analyst, fueled this optimism. Taking to the microblogging platform X (previously known as Twitter), Egrag enlightened followers on significant percentage leaps during major price rallies. A central thesis in this Analysis hinges on the belief that significant “candle pumps” should manifest a 300% growth, if not more. Analyzing these movements with precision, Egrag extrapolates a potential 1,160% surge in XRP’s price. This recent analysis augments Egrag’s prior insights, which probed a 4-month timeframe, offer...

Stuart Alderoty , Ripple ’s Chief Legal Officer boasting over three decades of legal prowess, recently took to Twitter to criticize the evasiveness of SEC Chairman Gary Gensler , during a hearing at the House Financial Services Committee. The heat intensified as Rep. Ritchie Torres questioned Gensler, prompting Alderoty to remark, “Gensler Didn’t Know What Hit Him Until It Was Too Late.” The core of the criticism revolved around Gensler’s seeming inability to directly answer Rep. Torres’s fundamental questions, like the necessity of a contract in an investment agreement. Torres labeled Gensler’s evasive responses as “deafening and damning.” Instead, Gensler seemed more inclined to criticize the cryptocurrency sector and how certain crypto firms manage their customers’ assets. Alderoty was taken aback by Gensler’s open amusement about his wealth, sparking indignation within the XRP community. Some questioned whether Gensler’s priorities lay mo...

According to Polygon, “the same infrastructure used to power YouTube and Gmail” will help secure its network. Polygon Labs announced on Sep. 29 that Google Cloud has joined the Polygon PoS network as a validator .  Google Cloud joins more than 100 other validators verifying transactions on its L2 Ethereum network. This month, @GoogleCloud became part of the decentralized validator set for Polygon PoS. The same infrastructure used to power @YouTube and @gmail is now helping to secure the fast, low-cost, Ethereum-for-all Polygon protocol. With 100+ validators securing the Polygon PoS… — Polygon (Labs) (@0xPolygonLabs) September 29, 2023 Per a post from Polygon Labs on the X platform announcing the partnership: “The same infrastructure used to power YouTube and Gmail is now helping to secure the fast, low-cost, Ethereum-for-all Polygon protocol.” Validators on the Polygon network help secure the network by operating nodes, staking MATIC, and participating in proof-of-stake conse...

Shiba Memu brings AI to the meme sector, giving it the potential to become sustainable. Investors have bought over $3.4 million of Shiba Memu as investor interest returns on Shiba Inu. Shiba Memu could benefit from AI and meme mania to follow the price trends of her peers. Meme cryptocurrencies are an exciting asset class. The interest emanates from the ability to return by triple or more digit percentages in a short period. Shiba Inu, one of the leading meme cryptocurrencies, has been under increased whale buying lately. Conversely, Shiba Memu (SHMU), a meme token on  presale , has been riding the meme mania. Investors have bought over $3.4 million, banking on the prospects of a disruptive AI meme project.  Does Shiba Inu buying suggest a rally is coming? Shiba Inu’s transaction value crossed the $47 million mark on September 21. The intense buying has coincided with the stabilisation of Shiba Inu’s price above $0.000007. Althou...

After recently launching the PYUSD stablecoin, PayPal is reportedly looking for new opportunities in NFTs (non-fungible tokens) and layer-2 networks. Specifically, the firm is looking into blockchain validation, payments between different network layers, and digital asset recommendations in the metaverse, according to patent documents that have surfaced recently. The patent papers were initially filed in March 2022 but were published only on Thursday. The document mentions how to choose miners or validators in the process of adding transactions to a blockchain. According to the document, PayPal’s methods could “advantageously allow steering of blockchain requests to a desired subset of miners/validators.” Also Read: PYUSD: Crypto.com Partners With PayPal, Paxos Three other patent documents, also filed in March 2022, were released on Sept. 21. One spoke of new “methods” to enable off-chain transactions via non-fungible token marketplaces. Another talks about an “omn...

James Butterfill expects Bitcoin to rally if the U.S. government shuts down. BTC has a history of performing quite well in times of uncertainty. The world’s largest cryptocurrency is already up close to 4.0% today. Bitcoin will likely rally if the U.S. government does indeed shut down on October 1 st , says James Butterfill – the Head of Research at CoinShares. Why may BTC rally on shutdown? The world’s largest cryptocurrency by market cap is already up close to 4.0% on Thursday as the U.S. government started sending out notifications to federal employees that a shutdown may be imminent. And that rally may extend when the shutdown actually begins, as per CoinShares’ Butterfill.  Because the investors could read the funding lapse as a sign of instability and turn to Bitcoin for refuge. This scenario bears resemblance to the debt ceiling stalemate experienced earlier this year, which ended up bolstering Bitcoin prices. Bitcoi...

Shiba Inu (SHIB) burn rate recorded a 1334% increase in the last 24 hours. Over 171 million SHIB tokens were taken from circulation and sent to the three burn addresses. Shiba Inu recorded a 0.31% increase in the past 24 hours but declined by 1.57% on the weekly chart. Shiba Inu (SHIB) burn rate data tracker Shibburn has reported a sustained upward momentum in the token’s burn rate. According to the data, the tracker revealed the burn rate is up 1334% in the last 24 hours. Notably, over 171 million SHIB tokens have been burned within the period, taking them permanently out of public circulation. The burned tokens were sent from over 50 wallets to the three burn addresses. The last 24-hour uptick in the burn rate comes on the heels of a sustained increase in the burn rate this week. The Shiba Inu team mentioned that reducing the amount of SHIB in circulation will help drive up the token’s value. So far, over 410 trillion SHIB tokens have been burned fr...

Two former employees of Coinone, a prominent South Korean cryptocurrency exchange , have been handed prison sentences for their involvement in a bribery scheme aimed at influencing the listing of specific cryptocurrencies on the platform. This scandal, which spanned over two years from 2020, highlighted corruption in the crypto industry. Jeon, the former head of crypto listing at Coinone, received a four-year prison sentence and was ordered to repay 1.93 billion Korean won (approximately US$1.43 million) in unlawfully acquired profits. He was initially arrested on March 22, 2023, on bribery and breach of trust charges. His accomplice, Kim, who worked alongside Jeon, was sentenced to 42 months in prison and faced a penalty of 883 million won (about US$654,000) for the same charges. The case also involved two brokers, Koh and Hwang, who were accused of facilitating the bribery scheme. They received sentences of 18 months and 30 months in prison, respectively. According to Seoul Southe...

Hypothekarbank Lenzburg, a regional Swiss bank with over $7 billion in assets, became the sixth Swiss bank to join Six Digital Exchange (SDX), per a recent update on Sep. 27. In addition to SDX’s parent company, Six Group, several other Swiss banks, including Berner Kantonalbank, Credit Suisse, Kaiser Partner Privatbank, UBS, and Zürcher Kantonalbank, have been integrated. We are excited to announce that Hypothekarbank Lenzburg AG joins #SDX as a new member on the Central Securities Depository. Joining SDX's #CSD marks a milestone for Hypothekarbank Lenzburg on its path to becoming a major player in the #Swissmarket for tokenized #digitalassets and… pic.twitter.com/D2zS5w5o5V — SIX Digital Exchange (@SDX_global) September 27, 2023 Hypothekarbank Lenzburg can now trade digital securities like bonds and equities after joining SDX’s central securities depository. “The SDX membership marks a significant step in advancing our bank’s presence in digi...

With the U.S. government shutdown on the horizons, the crypto market faces growing uncertainty amid key economic events, challenging traditional investment norms. Following the FOMC meeting on Sep.19, Bitcoin (BTC) and other cryptocurrencies face upcoming macroeconomic events this week, with Thursday spotlighting the Q2 U.S. GDP data, predicted at 2.1%. Concurrently, a key highlight will be Fed Chair Powell’s speech, shedding light on the Fed’s economic perceptions and possible policy shifts. Key Events This Week: 1. Consumer Confidence data – Tuesday 2. Building Permits/New Home Sales data – Tuesday 3. Q2 GDP Data – Thursday 4. Pending Home Sales data – Thursday 5. Fed Chair Powell Speaks – Thursday 6. August PCE Inflation data- Friday 7. Total of 6 Fed… — The Kobeissi Letter (@KobeissiLetter) September 24, 2023 The week rounds off with the U.S. Core PCE Price Index, a consistent inflation indicator that’s been oscillating aro...

Key takeaways Laser Digital has become the latest digital asset firm to receive approval to operate in Abu Dhabi. The firm is owned by Japanese banking giant Nomura Bank.  Laser Digital can now operate in Abu Dhabi Laser Digital, the digital assets arm of Japan’s Nomura Bank, has received in-principal approval to provide broker-dealer services and asset/fund management services in Abu Dhabi. #ADGM is proud to announce that @LaserDigital_ has received an In-Principle Approval (IPA) from the ADGM Financial Services Regulatory Authority (FSRA) for its virtual asset management services, further establishing it as a leading global hub for digital assets.… pic.twitter.com/CmvkP4wumO — Abu Dhabi Global Market (@ADGlobalMarket) September 26, 2023 The approval was granted by the Abu Dhabi Global Market (ADGM), allowing Laser Digital to offer numerous services to users in the region.  This  latest cryptocurrency news means ...

Changpeng Zhao posted about two recent hacker attacks in the crypto market; the HTX and Mixin Kernel. Zhao playfully teased Justin Sun about the HTX’s attack, which occurred a week after renaming the platform after the scandalous “FTX”. Considering Mixin’s attack, Zhao cautioned that not all decentralized platforms are, in fact, decentralized. Binance CEO and Co-Founder Changpeng Zhao recently took to X (formerly known as Twitter) to shed light on several recent hacker attacks, particularly involving Mixin Kernel, a digital asset exchange, and HTX. On September 25, in response to a post by Justin Sun, Zhao addressed the HTX hacker attack, which resulted in losses worth $8 million. He teased Sun, suggesting the irony of the timing that HTX renamed its platform after the scandalized “FTX”. He, however, went on to reassure that the [Binance] security team will work to track all hacker funds. A week after you rename your exchange after FTX...

Taiwan tightens crypto regulations with new FSC guidelines and the formation of an industry association by leading exchanges. On Sep. 26, Taiwan’s Financial Supervisory Commission (FSC) released a comprehensive set of guidelines for virtual asset services providers (VASPs), marking a major step in regulating the country’s burgeoning cryptocurrency market. Almost concurrently, nine leading crypto exchanges in Taiwan have formed a working group to establish an industry association. The latest move is a proactive step towards self-regulation and aligning with the FSC’s newly released guidelines. FSC’s guidelines for crypto exchanges The FSC’s guidelines are extensive and focus on several key areas. First, they require domestic crypto platforms to ensure the separation and custody of the companies’ and customers’ assets. This is aimed at enhancing the security and integrity of funds held on these platforms. Second, the guidelines mandate th...

Shiba Inu has been making headlines since its inception. After addressing initial launch issues post-launch of Shibarium , the network has displayed a notable performance. During the initial week following the relaunch, the protocol interacted with more than 1 million wallets, and it has since increased to 1.25 million at press time. One of the most impressive aspects of Shiba Inu’s resurgence is the surge in transactions. At the time of writing, the network has seen over 3 million transactions, specifically 3,137,647. This remarkable statistic indicates a growing interest in the Shiba Inu ecosystem. Also read: China: E-CNY App Revolutionizes Tourist Payments with Visa and Mastercard Integration The connection to Shiba Inu’s utility The potential success of Shibarium may indicate whether the meme coin SHIB will ultimately offer tangible utility. As a growing number of users become involved with the protocol, inquiries arise concerning the practical uses and advan...

Sep 25, 2023 at 09:36 // Price Author Coin Idol Cryptocurrency price Analysis brought by Coinidol.com. Bitcoin (BTC) price failed to rise above the 50-day line SMA or resistance at $27,486. Bitcoin price long term forecast: bearish Bitcoin was between the moving average lines when it rose to the $27,486 resistance level during the price action. Bitcoin would rally above $28,000 if the bulls succeed. Bitcoin's decline has ended the previous pattern. Today, BTC/USD is trading at $26,132 at the time of writing. The bears have overwhelmed the bulls as the cry...

Popular blockchain investigator says the firm’s leaked report shows “highly questionable services .” Blockchain sleuth ZachXBT called out Gotbit, a crypto market maker, for offering dubious services as the list of the firm’s services became public. In an X post on Sunday, Sept. 24, ZachXBT posted a screenshot of Gotbit’s services , which the firm is ready to offer to its clients. I would be weary of any projects you see working with the market maker @gotbit_io as a leaked report shows highly questionable services offered. Gotbit claims: “During the first minutes in the price discovery stage we are going to push the price up to 10x to create FOMO and… pic.twitter.com/ndvrNlG3VW — ZachXBT (@zachxbt) September 24, 2023 According to the leak, Gotbit is capable of pumping a token’s price “to create FOMO [fear of missing out]” in order to reach “extreme Xs and sell maximum tokens on the subsequent spike.” Gotbit claim...

BTC price action stays firmly within an established range, while analysis shows that overall Bitcoin investor composition is changing. Bitcoin (BTC) stuck to $26,500 into the Sep. 24 weekly close as exchange trader “accumulation” continued. BTC/USD 1-hour chart. Source: TradingView Analysis: BTC price "not ready to make a move" Data from Cointelegraph Markets Pro and TradingView showed BTC price stability holding firm over the weekend. Bitcoin had delivered a cool end to the Wall Street trading week, having also shaken off macroeconomic volatility catalysts from the United States. With few cues appearing since, popular trader and analyst Credible Crypto eyed a slow build-up to a trend shift on the Binance order book. “Looks like we are not ready to make a move yet,” he summarized to X subscribers on the day. “Meanwhile, two more blocks of bids just filled. The accumulation continues. Maybe we get a slow weekend and start seeing some movement come Monday. Let's see what ...

Bitcoin mining is at the heart of the digital gold rush and it is a critical process that underpins the entire cryptocurrency ecosystem. Bitcoin miners validate transactions, secure the network, and, in the process, earn newly minted Bitcoin. The World Digital Mining Summit (WDMS) stands as a beacon of innovation and collaboration within this dynamic space. The recent World Digital Mining Summit (WDMS) witnessed a groundbreaking moment for the Bitcoin mining industry as Bitmain, a prominent player, unveiled its highly anticipated Antminer S21 and S21 Hydro ASIC miners . These state-of-the-art mining machines have set new industry standards for both performance and energy efficiency . The Antminer S21 boasts an impressive hashrate of 200 TH/s and an extraordinary efficiency rating of 17.5 J/T (joules per terahash), while the S21 Hydro delivers a remarkable hashrate of 335 TH/s with an efficiency of 16 J/T. These statistics mark a significant departure from t...

Justin Sun and his company Rainberry (formerly BitTorrent) have delayed an appearance they were due to make in court on September 20 to face charges of fraud and market manipulation. The judge granted the last minute delay, giving Sun an extension until December 8 to prepare for court. However, buried within the court document was an interesting fact: on April 6, the Singaporean entity known as the TRON Foundation was dissolved. Supposedly, the TRON Foundation had transitioned to a DAO (decentralized autonomous organization) in 2021, but the Foundation continued to exist. Compounding the confusion though is the fact that, at least according to court documents, the TRON Foundation will be reincorporated in Singapore so that it can be served by the SEC. This implies that either the dissolution of the TRON Foundation was done in error or was on purpose to avoid legal service. Either way, it appears as though what was once hailed as a transition from a centralized entity to a decentr...

Whale alerts shared that huge amounts of XRP have been transferred by whales over the past few days. At press time, XRP was worth $0.5083 after a slight 0.97% price decline in the past 24 hours. A positive trend line has formed on the XRP chart, which may carry its price up to $0.5605. A massive amount of Ripple (XRP) was moved over the past few days. According to an X post shared by the whale tracking platform, Whale Alert, a whale transferred 120,000,000 XRP from Bithub to an unknown wallet. The transferred XRP was worth approximately $61,149,038. 120,000,000 #XRP (61,149,038 USD) transferred from #Bithumb to unknown wallethttps://t.co/s6ysHlFukg — Whale Alert (@whale_alert) September 22, 2023 Just yesterday, Whale Alerts data indicated that another whale transferred 29,900,00 XRP from an unknown wallet to Bitstamp. In this case, the transferred tokens were worth about $15,264,627. 29,900,000 #XRP (15,264,627 USD) transferred from unkn...