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Mike Novogratz, Galaxy Digital CEO, opined that Bitcoin could swiftly race above its 2021 all-time high once the SEC greenlights spot BTC ETFs.  Bitcoin (BTC) proponent Mike Novogratz predicts a return to all-time highs (ATH) followed by exponential growth for crypto’s king token after the U.S. Securities and Exchange Commission (SEC) issues approval s for spot Bitcoin ETFs, a development widely expected by January 2024.  Prices are set on the margin, so that’s all new money. We will see a pretty successful shift of psychology when the government says you are allowed to buy Bitcoin. Mike Novogratz, Galaxy Digital CEO You might also like: Mike Novogratz predicts a bull year for crypto Novogratz added that an ascent back to $69,000, Bitcoin’s previous ATH from 2021, should occur within a year as backing for spot BTC ETFs from the SEC should capture broad interest from retail and institutional investors alike.  Bitcoin fell to $16,000 less than two years after its ATH ...

MicroStrategy has continued its accumulation of the most prominent digital asset; the firm announced it has purchased an additional 16,130 Bitcoins (BTC). Moreover, the latest purchase is worth a remarkable $593.3 million. The latest addition builds on the firm’s $1.29 billion in profit from their Bitcoin holdings. Indeed, founder Michael Saylor has long held the belief in the long-term potential of the digital asset. Thus far, that belief has massively paid off. Just this week, the firm’s stock price reached a two-year high, catapulted by those Bitcoin holdings that have been accumulating since 2020. JUST IN: MicroStrategy purchases an additional 16,130 #Bitcoin ($593.3 million). — Watcher.Guru (@WatcherGuru) November 30, 2023 Also Read: Bitcoin: Microstrategy Stock Reaches 2-year High After BTC Surge Michael Saylor’s MicroStrategy Acquires Additonal $593.3 Million in Bitcoin Since the digital asset industry first began, Bitcoin has sat atop the ...

After the co- founder of Cardano (ADA), Charles Hoskinson, hosted an AMA session on his YouTube channel, during which he expressed disappointment with the treatment of cryptocurrencies other than Bitcoin (BTC), an X user accused him of hypocrisy and trying to discredit the XRP community for years. As it happens, user Mr. Huber posted links to Hoskinson’s recent video, as well as one from over a year ago with YouTuber BitBoy Crypto and a slightly older one in which the Cardano founder accused the XRP crowd of spreading conspiracy theories and harassing him. Accusations against Hoskinson According to the X user, who spoke directly to Hoskinson, the Cardano pioneer for two years “did everything you could to make the XRP community look ridiculous and embarrass us in public,” then offering peace, “only to come out of nowhere and call us crazy conspiracy theorists again.” I'm sorry, @IOHK_Charles , but for two years you did everything you could to make the #XRPcommunity to look...

In a noteworthy achievement for the cryptocurrency community, the DOGE-1 Mission to the Moon, funded by Dogecoin, has received approval from the National Telecommunications and Information Administration (NTIA). This regulatory endorsement marks a pivotal progression towards obtaining the final Federal Communications Commission (FCC) license, a prerequisite for overseeing communications in the X-Band and S-Band for the satellite. Journey to the Moon The forthcoming mission, Astrobotic’s Peregrine Mission One, scheduled for launch on Dec. 23, is positioned to transport the initial physical Dogecoin token to the lunar surface. This ambitious endeavor is a collaborative initiative involving contributions from distinguished entities, including NASA. The NTIA’s approval signifies a critical juncture for Dogecoin’s DOGE-1 Mission, facilitating seamless communication during the lunar expedition. The acquisition of the FCC license, once finalized, will further validate t...

Cryptocurrency investors sometimes might overlook the economic dynamics of a coin’s supply inflation. Understanding how these economics affect cryptocurrencies is a relevant edge to have in the crypto market. In this aspect, Finbold gathered public market data from leading indexes to understand Dogecoin (DOGE) supply inflation. Interestingly, we analyzed the economic effects of this inflation by calculating DOGE’s price if Dogecoin ever hits its all-time high market cap. Any digital asset needs more demand to keep its value, facing an inflationary supply. Both supply and demand influence whether a cryptocurrency’s price rises or falls. Notably, Dogecoin had an all-time high market cap of $98.473 billion on May 8, 2021, according to TradingView ’s CRYPTOCAP index. Meanwhile, the token traded for as high as $0.7376 on the same day, as registered by CoinMarketCap . An inverse calculation suggests a circulating supply of around 133.504 billion DOGE at that time. CRYPTOCAP – DOGE daily...

Digital asset prices are, as expected, dynamic. Bitcoin (BTC) is edging higher as bulls target $40K. As the most valuable coin, how Bitcoin performs can directly impact market sentiment.  Besides BTC, analysts expect GMX (GMX) and InQubeta (QUBE) to sustain their upward momentum.  The InQubeta presale is garnering more attention, riding on the artificial intelligence (AI) wave. The project also offers various investment models and an NFT marketplace. This article explores why InQubeta and GMX could float to new highs, rising in sync with Bitcoin. InQubeta raises over $5.4 million in presale InQubeta connects AI startups with potential investors via an NFT marketplace.  The platform’s approach utilizes equity-based NFTs, enabling investors to support projects they believe in and possibly reap the benefits of early backing. This model fosters accessibility and fairness within the InQubeta ecosystem. You might also like: Shiba Inu set for recovery ...

AI-driven fraud targeting crypto is gaining steam with the industry a target of 88% of exploits. “With AI-driven fraud remaining the most prominent challenge across various industries, crypto is the main target sector (representing 88% of all deepfake cases detected in 2023), followed by fintech (8%).” Sumsub research The findings are published by sumsub research a company that provides online identity verification tools. The report also adds that between 2022 and 2023 the number of deepfakes detected globally across all industries increased 10-fold. In terms of regional differences, there was an increase of 1,740% surge deepfake cases in North America, the primary target for hackers. While Asia Pacific scams increased 1,530%, compared to 780% in Europe (including the UK), 450% in the Middle East and Africa and 410% in Latin America. The country experiencing the most deepfakes is Spain, the most fake document in the world is the UAE passport, while Latin America is the re...

The vice chairman of multinational holding company Berkshire Hathaway once described cryptocurrency and artificial intelligence as “overhyped” and “stupid”. Charlie Munger, the billionaire vice chairman of Berkshire Hathaway, has died. He was 99. Munger, an integral force at Berkshire since 1959, played a pivotal role in shaping the company into a global conglomerate with a market capitalization of $784 billion. Munger served as vice chairman alongside Warren Buffett, contributing significantly to its success. Munger was a multifaceted figure, co-founding Munger, Tolles & Olson in California and later chairing Wesco Financial Corporation, a Berkshire Hathaway subsidiary. Renowned for his insightful investment philosophies, Munger — as well as Buffett — were fierce skeptics of cryptocurrencies. You might also like: Bitcoin is a ‘Noxious Poison’ Says Berkshire Chief, Charles Munger While the pair often advocated for ethical business standards an...

Although cryptocurrencies are still a relatively niche form of money, they have attracted millions of fans for their utility or as a speculative investment. Many users use crypto daily as an alternative exchange to fiat money. But how do they do it? Unless you live in El Salvador or the Central African Republic, most merchants won’t directly accept crypto as a payment method. Fortunately, crypto credit and debit cards make it possible to spend your digital assets as freely as you can with your cash.  Crypto cards are a new payment solution that links digital currencies to real-world spending. With many options available today, they can also offer benefits. Unlike traditional credit and debit cards that offer cashback rewards, crypto cards provide reimbursement in tokens like Bitcoin, Ethereum (ETH), and other digital currencies. How do crypto cards work? Several companies provide cryptocurrency credit and debit cards in collaboration with traditional financial institutio...

Although things may not look as bright for Bitcoin (BTC) as the week begins, the flagship decentralized finance (DeFi) asset has formed several patterns that signal not just a recovery but also a potential bullish rally that could continue for the next 18 months. As it happens, Bitcoin has found the same double support from the 50-period relative moving average (RMA) on its month ly chart, in addition to its parabolic stop and reverse (SAR) printing the first dot, as observed by cryptocurrency expert Trader Tardigrade, published in an X post on November 27. According to the pseudonymous crypto trading specialist, this means that an extended, 18-month bull run could begin this very month , with the calculated top in May 2025, by which time the maiden crypto asset could potentially reach the massive price target of $220,000. Bitcoin price action analysis and prediction. Source: Trader Tardigrade Specifically, the parabolic SAR indicator is a series of dots placed above or below the...

Tornado Cash (TORN) price fell sharply on Monday afternoon, nosediving 55% from near $4.00 to lows of $1.64. The decline followed Binance’s announcement that it would list TORN, WTC, PERL and BTS. Binance agreed a $4.3 billion settlement with US authorities last week, with ex-CEO Changpeng Zhao stepping down. Tornado Cash (TORN) shed 55% of its price on Monday as the market reacted to Binance news around the latest token delistings. At the time of writing, the price of TORN was $1.70, down from near $4.00 earlier in the day. According to data from CoinGecko, the Tornado Cash token traded to lows of $1.64 across major crypto exchanges. Binance to delist TORN On Monday, Binance announced the exchange would be delisting Tornado Cash (TORN) BitShares (BTS), PERL.eco (PERL) and Waltonchain (WTC). The crypto platform has planned to delist trading pairs for BTS/USDT, PERL/USDT, TORN/BUSD, WTC/BTC, WTC/USDT. The swift reaction of the market saw prices of the...

Analysts are divided on Bitcoin’s next move, with some predicting a bullish surge and others warning of a potential downturn. Thinking Crypto podcast host Tony Edward cited stablecoin’s rising supply, noting it signifies renewed confidence in the market. Edward noted the weakening U.S. Dollar Index also supports the bullish argument for Bitcoin. In a recent episode of the Thinking Crypto podcast, host Tony Edward delved into the current state of the crypto market, focusing on Bitcoin‘s impending move. The discussion centered around whether Bitcoin will experience a bullish surge or face a bearish downturn, with various analysts offering insights. Bitcoin's Upcoming Move: Will It Pump or Dump? Altcoin Golden Cross Revealed! WATCH ️ https://t.co/vNtCNwAlMf#bitcoin #bitcoinetf #crypto #cryptonews #altcoins #xrp #ripple #ethereum #sec #jayclayton #garygensler #firegarygensler #cbdc #ECB #usdc #dydx #thinkingcrypto… pic.twitter.com/pYDG9jMjSX...

Ripple CTO David Schwartz argued any asset could qualify as a security under the SEC’s investment contract test.  Schwartz argued that arts, baseball cards, and houses could qualify as securities since buyers purchase in hopes of future price increases.  Promoters exert influence on the price of the assets by controlling their demand and supply, according to Schwartz. Ripple Chief Technology Officer David Schwartz recently stated that a broad range of assets could qualify as securities under the U.S. Securities and Exchange Commission’s investment contract test, echoing growing demand for changes to the securities law in the country.   The investment contract test, also known as Howey’s test, is what the SEC uses in determining what qualifies as a security. The test has also been the subject of many of the regulator’s actions against crypto firms, most notably Ripple.  Schwartz noted these concerns with the SEC’s interpretation of the test i...

The U.S. Justice Department hinted that Changpeng Zhao, Binance’s founder and former CEO of Binance, could potentially spend up to a decade in prison . A recent DOJ court filing not only reinforced restrictions on Zhao’s travel but also unveiled the possibility of a potential 10-year prison sentence . This development unfolds within a complex legal saga involving a substantial $4.3 billion fine and various compliance shortcomings on the path of the world’s largest Bitcoin (BTC) trading venue.  In an unexpected turn of events, legal experts have made it clear that Zhao may get a longer jail term than expected, despite not being guilty of customer funds misappropriation like his American counterpart, Sam Bankman-Fried. The ex-CEO of the cryptocurrency exchange Binance, admitted last week to a violation of the Bank Secrecy Act. This accusation is related to the company’s alleged participation in an extensive international criminal operation, as reported by the DOJ....

Nov 26, 2023 at 10:46 // Price Author Coin Idol Quant's (QNT) price falls after failing twice at resistance at $110. Although the cryptocurrency has fallen below the moving average lines, the bulls have been buying the dips. More details in this cryptocurrency Analysis by Coinidol.com. Quant Price Long Term Prediction: Bearish Quant has returned to the area between the moving average lines. The uptrend has stalled at the $102 resistance level. The current negative trend is leading to lower highs and lower lows. The recent lower high is near the $...

Significant developments for Ethereum (ETH) holders unfolded this month with the submission of official Ethereum ETFs to the U.S. SEC for consideration.  If approved, it could reshape Ethereum’s landscape by facilitating institutional investment.  Meanwhile, investors are actively participating in the Meme Mogul (MGLS) presale , a project aspiring to become a meme-backed stock market/exchange. Ethereum remains bullish Ethereum has been underperforming compared to other top cryptos like Bitcoin (BTC) and Solana (SOL). However, the recent surge of ETF filings has rekindled interest in the second-largest coin. Analysts predict that Ethereum could finally break above the $2,100 resistance level and reach $2,500 this November, representing a 22% increase from its current price of $2,045.  The approval of the first spot Bitcoin ETF would signal a growing consensus that an Ethereum ETF is also likely to be approved, potentially triggering a bull market. You m...

A non-fungible token (NFT) marketplace is surging after being listed by the largest crypto exchange platform by volume in the world. In a new announcement, crypto exchange Binance says it is listing BLUR, the governance token of Altcoin Blur, a decentralized NFT marketplace that offers real-time price streams and comparisons. According to Binance, BLUR will at first be available in the BLUR/BTC, BLUR/USDT and BLUR/TRY trading pairs. The announcement caused BLUR’s price to skyrocket, as the digital asset went from a seven-day low of $0.303 on November 20th to a price tag of $0.637 at time of writing, a 110% increase. Binance says that BLUR will have a SEED tag applied to it, meaning that it has been deemed an innovative project that may exhibit higher volatility and risk compared to other virtual currencies. To gain access to assets with SEED tags, Binance says users need to accept the terms of service as well as pass a quiz every 90 days that ensures they under...

Van de Poppe predicted that BTC could rally to as high as $48K in the next few weeks BTC’s price could undergo a strong correction after the first spot Bitcoin ETF gets approved, the analyst noted At press time, BTC was changing hands at $37,478.55 after a slight 0.04% 24-hour loss Michael Van de Poppe, a widely-followed analyst, predicted that Bitcoin (BTC) may rise to as high as $48K in the weeks leading up to the first spot Bitcoin exchange-traded fund (ETF) getting approved. Following the approval, the analyst anticipates a strong price correction before a “grind” upwards. In the video, Van de Poppe shared that he thinks the first spot Bitcoin ETF will receive approval in the next five to six weeks. Furthermore, he predicted that BTC may rally in December as investors try to position themselves to profit from the potential ETF approval. Weekly chart for BTC/USDT (Source: TradingView) Following the first Spot Bitcoin ETF getting approved, the analys...

Analyzing tokenomics is a fundamental part of cryptocurrency investing. Supply inflation or deflation plays a meaningful role in the performance of cryptocurrencies. With that in mind, Finbold looked at Shiba Inu (SHIB) tokenomics from a different perspective. Public market data from leading indexes can demonstrate the effects of an increased supply inflation. It is possible to calculate the exact price SHIB would trade if it ever hits the all -time high market cap. A token needs more demand to keep its same value, facing an inflationary supply and less demand facing a deflationary one. These two factors influence whether a cryptocurrency’s price rises or falls. Each cryptocurrency, including Shiba Inu, has its unique ‘tokenomics’ structure. SHIB had an all -time high market cap of $249.833 billion on May 11, 2021, according to TradingView ’s CRYPTOCAP index. According to multiple sources, Shiba Inu started with a circulating supply of 1 quadrillion SHIB, suggesting a price ...