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The broader crypto currency market is in a bearish state, led by Bitcoin (BTC), which is grappling with maintaining its price above $60,000. Notably, the market has responded negatively in the short term to the Bitcoin halving event. However, there are indications that several cryptocurrencies may experience a surge in their market capitalization. While the possibility of achieving increased capitalization largely depends on the broader recovery of the crypto market, these assets retain several fundamentals likely to drive growth. In this context, Finbold has identified two digital assets likely to reach a market cap of $50 billion by May 2024. The cryptocurrencies fall under altcoins and can benefit from the anticipated altcoin season.  Picks for you Stablecoin Wars: Tether takes massive swipe at Ripple 6 seconds ago Opportunity? Will the 'Banana Zone' ignite a major altcoin bull run? 2 mins ago Boom or bust? Experts reveal Bitcoin price that ...

Huddle01 CEO Ayush Ranjan tells The Agenda podcast why centralized communications technology is unreliable and requires a decentralized alternative. The means by which humans communicate and coordinate are ever-evolving. People went from sending smoke signals and messengers on horseback to sending letters and telegrams, and since the dawn of the digital era, the pace of innovation has exploded. Today, hundreds or even thousands of people from around the world can gather in a Twitter Space or Zoom call and communicate in practically real-time. But people still primarily communicate via central ized platforms that retain and monetize user data, suffer from outages, have the power to censor speech, and face problems such as severe lag. So, what would a de central ized Web3 version of a communications and meeting platform like Zoom or Google Meet look like? To find out, Jonathan DeYoung and Ray Salmond sat down with Ayush Ranjan, co-founder and CEO of Huddle01 — a Web3 meetings and commu...

After a few days of high volatility, the cryptocurrency market showed low volatility on November 23. As it happens, trading volume plummets, reflecting a momentary lack of speculative open interest in long and short positions. Nevertheless, it is still possible to find short squeeze potential even amid a reduced open interest volume. In particular, by looking into the correlation between opened short positions and the traded volume in a given time frame. Notably, four projects have a growing potential for a short squeeze if sentiment shifts from bearish to bullish until the weekend ends. Bitcoin Cash (BCH) has $52.61 million of opened short positions in the last 12 hours, accruing for 52.62% of its 12-hour open interest. Cryptocurrency Short squeeze alert for November 21: Two cryptocurrencies with potential to skyrocket Stocks Michael Burry's previously shorted stock index hits 52-week high Cryptocurrency Short squeeze aler...

CoinGecko has acquired the NFT data infrastructure platform Zash as the firm remains bullish about the NFT market. The terms of the deal have not been disclosed. Major cryptocurrency tracking website CoinGecko is scaling its data offering by acquiring the nonfungible token (NFT) data infrastructure platform Zash. CoinGecko plans to integrate Zash’s NFT data into its Application Programming Interface (API) by the second quarter of 2024, the firm announced on Nov. 21, though the deal terms have not been disclosed. “API users will be able to enjoy a unified crypto data offering, where they can access fungible and nonfungible token data seamlessly and enjoy enriched crypto market insights,” CoinGecko co-founder and chief operating officer Bobby Ong told Cointelegraph. According to the exec, front-end users of CoinGecko’s web and mobile app will also be able to access the on-chain NFT data through the NFT floor price tracker next year. CoinGecko didn’t disclose the cost of the Zash acquisi...

Additionally, discussions concerning cryptocurrency prices have waned due to market volatility and stabilization. As nations make progress in promoting the expansion of the artificial intelligence sector, market data from Santiment indicates an uptick in conversations among investors and traders regarding the potential of real-world assets and artificial intelligence. At the same time, discussions concerning cryptocurrency prices have waned due to market volatility and stabilization, although there is now a growing sentiment surrounding BTC reaching $40,000. According to data from Santiment, this shift in market sentiment regarding the BTC price could be seen as a positive indicator for investors. Santiment’s data reveals a discernible pattern, indicating that the level of search interest in Bitcoin exchange-traded funds (ETFs), a significant cryptocurrency metric, has stayed relatively modest despite the rise in BTC’s price. Screenshot showing Mid-term social trend keyword frequenc...

Reddit will shutter its Community Points feature by Nov. 8, citing scalability issues. Reddit has said it will soon shutter its long-running, blockchain -based rewards service “Community Points,” citing scalability concerns.  In an official Oct. 17 announcement in the r/cryptocurrency subreddit, a Reddit team member said while the platform saw “some future opportunities for Community Points, there was no path to scale it broadly across the platform.” The Community Points service , including the special memberships feature, will be wound down on Nov. 8. “At that point, you’ll also no longer see Points in your Reddit Vault nor earn any more Points in your communities,” the Reddit team member wrote. Reddit’s Community Points will be shuttered on Nov. 8. Source: Reddit First launched in May 2020, the community points feature rewarded users with points for positive engagement in certain subreddits and was designed to incentivize higher-quality content on the platform. The points were Eth...

Ferrari’s decision to accept cryptocurrency payments was driven by market demand and dealer requests, with numerous clients investing in digital currencies. Ferrari will accept crypto currency payments for its luxury sports cars in the United States due to customer demand. The carmaker also plans to accept crypto payments in Europe. According to an Oct. 14 report from Reuters, Ferrari’s chief marketing and commercial officer, Enrico Galliera, confirmed the intentions of the luxury car brand. Ferrari’s choice to accept crypto currency payments was driven by market demand and dealer requests, with numerous clients, including crypto -savvy young investors, having invested in digital currencies. Although Galliera didn’t specify the number of cars Ferrari expects to sell via crypto payments, he reportedly stated that the carmaker’s strong order portfolio is fully booked until 2025. Ferrari aims to test this expanding market to connect with potential buyers beyond its usual clientele...

Eth price is at risk of trading below a key price support and multiple data point point to a bearish outlook for the altcoin’s price. Ether (ETH) price experienced a 7% decline between Oct. 6 and Oct. 12, hitting a seven -month low at $1,520. Although there was a slight rebound to $1,550 on Oct. 13, it appears that investor confidence and interest in Ethereum are waning, as indicated by multiple metrics. Some may argue that this movement reflects a broader disinterest in cryptocurrencies, evident in the fact that Google searches for "Ethereum" have reached their lowest point in 3 years. However, Ethereum has underperformed the overall altcoin market capitalization by 15% since July. Ethereum” keyword search, globally. Source: Google Trends Interestingly, this price movement coincided with Ethereum's average 7-day transaction fees declining to $1.80, the lowest level in the past 12 months. To put this in perspective, just two months ago, these fees stood at over $4.70,...

LINK outperformed most cryptocurrencies in September, but the recent correction raises questions on the sustainability of the bullish momentum. Since September, Chainlink (LINK) price has gained more than 25%, outperforming Bitcoin (BTC), Ethereum (ETH) and most altcoins. Currently, the project is the leading decentralized blockchain oracle solution and ranks 15th in terms of market capitalization when excluding stablecoins.  In September, LINK's price surged by an impressive 35.5%, but in the month-to-date performance for October, LINK has faced a 10% correction. Investors are concerned that breaking the $7.20 support level may lead to further downward pressure, potentially erasing all the gains from the previous month. Chainlink (LINK) 12-hour price index, USD. Source: TradingView It's worth noting that the closing price of $8.21 on Sept. 30 marked the highest point in over 10 weeks, but when looking at the bigger picture, Chainlink's price still remains 86% below its al...

Amidst the ongoing volatility in the crypto currency market, a unique opportunity emerges for investors seeking promising entry points.  A select group of cryptocurrencies, currently trading at prices below $0.10, are catching the eye of market observers.  These digital assets boast strong fundamentals and benefit from active and supportive communities. In this context, Finbold has pinpointed 3 such cryptocurrencies that may hold significant appeal for investors. Kaspa (KAS) Kaspa (KAS) is a blockchain that acts as a decentralized and highly scalable protocol, with a particular focus on increasing throughput, minimizing transaction fees, and making transactions more secure.  Cryptocurrency AI forecasts XRP price for the end of 2023 Cryptocurrency Radix Babylon upgrade enters new age for Web3 user and developer experience Cryptocurrency Investing $100/week into Dogecoin in 2023 would be this worth today ...

The coalition includes Google sibling company SandboxAQ and the University of Waterloo. IBM Quantum and Microsoft have formed a coalition to tackle post-quantum cryptography alongside not-for-profit research tank MITRE, U.K.-based cryptography firm PQShield, Google sibling company SandboxAQ, and the University of Waterloo. We’re proud to be a part of a new community of cybersecurity organizations to accelerate adoption of post- quantum cryptography in commercial & open-source technologies. Learn more about the #PQC Coalition. https://t.co/pSrFX1qPPB | #QWC2023 #UWaterloo pic.twitter.com/vXG6CilQVx — University of Waterloo (@UWaterloo) September 26, 2023 Post-quantum cryptography (PQC) addresses the potential threat posed by quantum computers of the future. Current cryptography schemes rely on mathematical problems to stymie decryption attempts. Cracking or bypassing such encryption with a classical computer would be close to impossible. Some experts estimate that it would t...

The government added that they are already working on regulating the crypto market and a proposed regulatory legislation was laid before parliament and debated last month. The United Kingdom government has rejected a proposal made by the U.K. Treasury Committee to regulate crypto retail trading in the same way it oversees gambling, stressing that it "firmly disagrees" with the Committee's stance.  A panel of British lawmakers called for regulating the crypto market in the country similar to gambling in a May 17 House of Commons Committee report. The Treasury Committee said that the crypto investment activity is consistent with the principle of “same risk, same regulatory outcome.” U.K financial services minister Andrew Griffith, in a response on July 20 to the committee, rejected the proposal and said that the HM Treasury firmly disagrees with the “Committee’s recommendation to regulate retail trading and investment activity in unbacked cryptoassets as gambling rather th...

The Australian government is addressing the risks of cutting banking services to crypto exchanges amid flurry of banks restricting certain services over scams. The growing trend of cutting services to cryptocurrency companies in Australia could lead to undesired consequences like making the industry less transparent, according to the state. Australia's Treasury on 28 June published an official statement addressing potential policy responses on de banking in Australia. De banking occurs when a bank declines to provide services to a customer citing issues like Anti-Money Laundering (AML), sanctions compliance, reputational risk considerations and others, the authority noted. According to the Treasury, there is a clear lack of data on debanking practices in Australia, which makes it challenging to design effective policy responses. “The Government acknowledges the importance of insightful data to monitor any potential policy responses to de-banking,” the statement reads. The autho...

If BTC price consolidates in the $25,000 range, ETH, XRP, LDO and RNDR could be the first altcoins to break out with recovery rallies. Altcoin price s crumbled after the United States Securities and Exchange Commission (SEC) announced lawsuits against Binance and Coinbase at the start of the week. Apart from the action against the two biggest crypto exchanges, investors seem to be nervous because the SEC labeled 23 cryptocurrencies as securities in the two lawsuits. That brings the total number of cryptocurrencies termed as securities by the SEC to 67. Among the mayhem, a minor positive is that Bitcoin (BTC) and Ether (ETH) have held out relatively well. This suggests that institutional investors are not panicking and dumping their positions. Due to their outperformance, Bitcoin’s dominance has risen to a year-to-date high of 47.6% and Ether’s to 20%. Crypto market data daily view. Source: Coin360 The uncertainty in the near term is likely to keep several investors on the sidelines. ...

"We only support blue chip NFT to reduce the risks," said Paraspace developers. According to a recent report published by nonfungible token money market protocol Paraspace and multichain wallet BitKeep, the current amount of NFT borrowing and lending , or NFTFi loans, has surpassed $430 million across 43,521 borrowers. The highest proportion of collateral s comprised the most popular NFT collections, such as Wrapped CryptoPunks, Bored Ape Yacht Club, and Mutant Ape Yacht Club. Researchers at Paraspace and BitKeep said that NFTFi added $25 million in outstanding loans from January to March. Also contributing was the introduction of a digital collectible lending protocol by NFT marketplace Blur, which surpassed $16 million in loans one day after its launch, led by Taiwanese celebrity Machi Big Brother. Yet, the real impetus was the invention of Bitcoin Ordinals, which boosted total NFT market transaction volume to $1.5 billion in March but shrunk to $330 million in May. Desp...

In the event of a conviction for wire fraud, Nevin Shetty could face up to 20 years in prison. Nevin Shetty, a former Chief Financial Officer (CFO) at a Seattle start-up company, was indicted on May 17 in the U.S. District Court in Seattle on charges of wire fraud.  The indictment alleges that Shetty, 39, diverted approximately $35 million from the start-up company's coffers to a cryptocurrency platform under his personal control. Shetty reportedly established this platform, known as HighTower Treasury, in February 2022, shortly before being notified of his impending departure as CFO due to concerns regarding his performance.  During the period from April 1 to April 12, 2022, Shetty allegedly transferred a substantial amount of $35,000,100 from his employers to an account linked to HighTower, without the knowledge of any other individuals within the company. The alleged purpose behind this transaction was for HighTower to allocate the funds towards investments within the decentra...