XRP price bull flag hints at 20% rally by New Year’s

XRP (XRP) price may rally over 20% in the coming weeks thanks to a classic bullish continuation setup.XRP price enters bull flag breakout stageThe so-called bull flag pattern develops when the price consolidates inside a parallel channel after a strong uptrend. It resolves after the ...

XRP price faces Q4 rout and 20% drop

XRP (XRP) price has dropped 18.5% from its local high of $0.67 on Nov. 23. And, it appears the cryptocurrency will suffer more selloffs in the coming weeks.XRP technicals hint at extended correctionXRP has failed to break above a descending trendline resistance since January 2018. A ...

Crypto ETP volumes surge 91%, outpacing underlying assets — Report

Global cryptocurrency exchange-traded products (ETP) have seen a significant uptick in 2023, reportedly outpacing the growth of underlying assets, according to a report by digital asset platform Fineqia.Crypto-based ETPs issued by companies like 21Shares, Grayscale and CoinShares recorded ...

XRP spike on hoax filing a ‘bad look’ but won’t sway SEC’s ETF approvals

The Nov. 13 XRP (XRP) price action stemming from a falsified BlackRock XRP trust filing shouldn’t sway the United States securities regulator’s decision to approve or delay spot Bitcoin (BTC) exchange-traded funds (ETFs) — but it isn’t a good look, say industry observers. ...

History tells us we’re in for a strong bull market with a hard landing

While the United States Federal Reserve decided to hold interest rates at its November meeting, they remain at their highest level since well before the global financial crisis (GFC) of 2008-09. The Federal Funds rate stands at 5.25-5.5%, similar to the United Kingdom’s 5.25%, while in the ...

Toncoin (TON) price skyrockets to 11-month high after Telegram launches ‘Giveaways’

Toncoin (TON) price reached its highest levels in almost a year as crypto traders assessed a slew of optimistic updates in its market, including the recent launch of "Giveaways" on Telegram. In result, TON is now the tenth-biggest cryptocurrency with a market capitalization of over $9 bill ...

Expect new IRS crypto surveillance to come with a surge in confiscation

As the Internal Revenue Service (IRS) pushes forward with its proposal to increase cryptocurrency surveillance, a past report might offer a clue for how this information may be used in practice. In short, with the IRS set to keep tabs on Americans’ cryptocurrency usage through an expected 8 billi ...

Crypto data platform Glassnode sells Bitcoin tax software to Blockpit

Cryptocurrency intelligence firm Glassnode has said it’s dropping crypto tax-related projects to focus on new solutions targeting institutional investors and decentralized finance (DeFi).Glassnode, on Nov. 6 announced the sale of its crypto-focused tax platform known as Accointing to the E ...

Moody’s unveils service that uses AI to predict stablecoin depeggings

Moody’s Analytics is launching a new stablecoin service that will use AI to predict probable depeggings “in a 24-hour time horizon” while providing real-time insights about stablecoin issuers’ liquidity and stability.The stablecoin market is getting stabler, Moody&r ...

Scammers play a long game using bogus, AI-backed ‘law firm’

A new artificial intelligence-backed scam is as multi-faceted and lengthy as it is unconvincing  — at least for would-be victims who dig below the surface.I recently received a threatening “DMCA Copyright Infringement Notice” email from an alleged law firm claiming that a Cointel ...

Opinion: With Bitcoin’s halving months away, it may be time to go risk-on

More tradition than coincidence, the Christmas season is around the corner again and the market is looking good for yet another run. Bitcoin (BTC) surged to more than $35,000 in October, another record high for 2023. The year-long rally has been attributed to unconventional market trends, includi ...

‘I just bought SOL’ — Arthur Hayes after Solana price rebounds 500%

Arthur Hayes, the former CEO of crypto derivatives exchange BitMEX, has “admitted” to buying Solana’s SOL (SOL) at its possible local top, stressing his bullish outlook for the cryptocurrency.Fam I have something embar ...

Bitcoin beyond 35K for Christmas? Thank Jerome Powell if it happens

Historically, a Santa rally happens in the weeks leading up to Christmas when a collective sense of goodwill bleeds into equity markets. This is typically a seasonal blip and nothing to write home about. But this year, we could see a far more significant rally as the United States Federal Reserve ...

3 things we might see from crypto as 2023 winds to an end

As the holiday season approaches, anticipation in the cryptocurrency world heightens for the annual phenomenon known as the "Santa rally." Amidst this festive period, market dynamics tend to shift. This season, there are several factors that could influence the last few months of the year.Ins ...

WSJ debacle fueled US lawmakers’ ill-informed crusade against crypto

Following October’s tragic events in Israel, a narrative linking Hamas funding to cryptocurrencies emerged from The Wall Street Journal in an Oct. 10 story authored by the paper’s Angus Berwick and Ian Talley. It fueled Sen. Elizabeth Warren’s crusade against the crypto sector. ...

FLOKI price soars 140% in a week — Are memecoins like DOGE, PEPE finally waking up?

Bitcoin's (BTC) rise to as high as $35,000 this week has also lifted a number of memecoins, including Floki (FLOKI), which has beaten its top rivals in percentage gains.FLOKI price up 140% amid Bitcoin ETF hype, TokenFi launchAs of Oct. 27, FLOKI had surged over 140% to $0.00004261, ...

Bitcoin is evolving into a multi-asset network

For more than a decade, the primary narratives surrounding Bitcoin (BTC) have focused on its role as a peer-to-peer digital cash and store of value.However, all indications suggest that we are witnessing a significant shift in this paradigm.Since the beginning of 2023, one of the mo ...

Elizabeth Warren uses Hamas as her newest scapegoat in war on crypto

Massachusetts Sen. Elizabeth Warren is at it again. With mainstream press outlets including Germany’s Deutsche Welle running sensationalist headlines — “How cryptocurrency fueled Hamas’ terrorist attack” — Warren is using Hamas’ attack on Israel to fuel h ...

Games need decentralized randomness to be fair

Quantum mechanics tells us that what looks like a highly predictable and orderly universe is built on a world of unpredictability and mere probability. While the quantum world looks bizarre, it can be understood and even harnessed for technology like semiconductors, LEDs, and quantum cryptography ...

Europe’s AML regulations come at a high cost — for your privacy and otherwise

The European Union’s financial regulatory landscape is in flux with the introduction of multiple Anti-Money Laundering (AML) directives and related laws. These regulations, although designed to protect the financial system, come at a hidden, and sometimes steep, cost to consumers and financ ...

The Fed could lose $100B — Does this spell catastrophe for Bitcoin?

On this week's episode of “Macro Markets,” Cointelegraph analyst Marcel Pechman delves into a thought-provoking discussion on the United States Federal Reserve’s financial woes. Pechman opens by highlighting how the Fed is grappling with staggering losses and emphasizes a fundamental macroec ...

10 years later, still no Bitcoin ETF — but who cares?

The first spot Bitcoin exchange-traded fund (ETF) application, filed in July 2013, was denied in both 2017 and 2018. A decade has passed since that initial application, and the Securities and Exchange Commission has rejected more than a dozen additional applications and repeatedly punted the date ...

Meta’s assault on privacy should serve as a warning against AI

In an increasingly AI-driven world, blockchain could play a critical role in preventing the sins committed by apps like Facebook from becoming widespread and normalized.Artificial intelligence platforms such as ChatGPT and Google’s Bard have entered the mainstream and have already be ...

VanEck, ARK filings ‘officially’ start clock for spot Ethereum ETFs: Analyst

The race for the United States’ first spot Ethereum exchange-traded fund has officially begun after new 19b-4 filings by the Chicago Board Options Exchange (CBOE), which will "ultimately start the clock" for an SEC decision.  On Sept. 6, the CBOE filed two 19b-4 appli ...

The story of a crypto influencer’s attempt to bend reality

In one of the weirder moments of my writing career, Carl “The Moon” Runefelt contacted me out of the blue seeking an “update to old information” in a May 2022 article. The article had touched on his involvement with the crypto payment platform Kasta, but Runefelt felt a pr ...

When will it be too late to invest in Bitcoin?

On the latest episode of Cointelegraph’s Market Talks, host Ray Salmond spoke with Luke Broyles, a popular Bitcoin (BTC) advocate and content creator on YouTube and X (formerly Twitter). During the show, Broyles laid out his Bitcoin investment thesis and his unique perspectives on how the asset’s ...

If Worldcoin can improve the world, why not give it a chance?

All eyes have been on Worldcoin (WLD) since the July 24 launch of its “World ID” system. The issues associated with the launch have been well reported at this juncture. They include possible onboarding security risks along with Worldcoin’s use of biometric data, which is now under investigation b ...

MiCA: The good, the bad and the ugly of the EU’s crypto rules

While United States regulators such as Securities and Exchange Commission Chair Gary Gensler make bad-faith claims that “there’s been clarity for years” when it comes to cryptocurrency, the European Union took real action in April when it passed the Markets in Crypto-Assets (MiCA) regulatory fram ...

Will Evergrande’s collapse have a silver lining for crypto?

On the latest episode of The Market Report, Cointelegraph analyst Marcel Pechman delves into Grayscale’s victory against the United States Securities and Exchange Commission. Even though there’s still no decision regarding the firm’s application for a spot Bitcoin (BTC) exchange-traded fund, ...

PEPE price to zero? Pepecoin rug-pull allegations put memecoin at risk

Pepecoin (PEPE), once an extremely profitable memecoin, has plunged by more than 80% four months after its record high. Now, technicals suggest that the memcoin could be at risk of even bigger losses in the coming weeks or months.Pepecoin faces rug pull allegationsOn Aug. 24, severa ...

CryptoQuant Research Head Addresses Binance Bank Run Allegations with On-Chain Data Analysis

CryptoQuant Research Head Weighs in On Possibility of Binance Bank Run, Citing On-chain Data CryptoQuant Head of Research Moreno has provided data addressing concerns of a bank run on Binance amid growing allegations surrounding the exchange. Am ...

An ETF will bring a revolution for Bitcoin and other cryptocurrencies

But not everyone’s on board with the crypto ETF train. Critics argue that Bitcoin-linked ETFs could be even worse than centralized exchanges for the crypto market. Their main beef? There’s zero possibility of withdrawing the underlying instrument. This means the holders are never able to take adv ...

What will Bitcoin do if the Justice Department takes aim at Binance?

In early August, sources leaked word that officials with the United State Department of Justice were considering fraud charges aimed at Binance, the world’s largest cryptocurrency exchange. However, they indicated, officials are worried that it could cause a run on the market akin to the November ...

Can Cardano whales stop ADA price from falling 20%?

The price of Cardano (ADA) risks falling by over 20% in August as it enters a breakdown stage of a classic technical pattern that could be offset by some promising fundamentals. ADA price risks falling to June lowsDubbed Bump-and-Run-Reversal (BARR), the pattern develops when excessiv ...

BlackRock’s misguided effort to create ‘Crypto for Dummies’

BlackRock, a multinational investment company, shocked many in the cryptocurrency industry in June when it filed an application for an exchange-traded fund (ETF), the iShares Bitcoin Trust. It’s seeking to overcome 10-year-long opposition from United States regulators to cryptocurrency ETFs ...

The absurd AI mania is coming to an end

Venture capital interest in cryptocurrency has decreased significantly since the bull run of 2021. At $2.3 trillion in market capitalization, every VC wanted a piece of the industry.The picture is now very different. Another dominant force in the market has attracted the vast majority of v ...

Worldcoin: Should you let Sam Altman scan your eyeballs for WLD?

OpenAI founder Sam Altman launched Worldcoin in July, a cryptocurrency token offered to people willing to share their biometric data by scanning their eyeballs with an Orb, seeking to link real-world identity with decentralized blockchain identity. Many aspects of the project embody the dystopian ...

We need to fundamentally change how smart contracts operate

Smart contracts have reshaped the possibilities of what blockchain and crypto can achieve, and we can all acknowledge that. That doesn’t mean they’re the be-all-end-all solution to widespread adoption.Being overzealous about any kind of innovation can also contribute to its stalling, or ev ...

Ethereum is about to get crushed by liquid staking tokens

Before we know it, liquid staking tokens (LSTs) are going to replace Ethereum’s native cryptocurrency, Ether (ETH). The LST market is already worth approximately $17 billion, and it has grown continuously since Ethereum’s Merge.While LSTs are just beginning to hit their stride, their advan ...

Worldcoin is making reality look like a lot like Black Mirror

Scanning your iris to become a “verified human” in exchange for digital currency sounds like a Black Mirror episode. But this is not the story arc of a dystopian science fiction show — it’s happening now with one of the latest projects in Web3.The launch of Worldcoi ...

Sleeping Bitcoin wallet stirs after 11 years, moving over $30M

A dormant Bitcoin (BTC) wallet holding over 1,037 Bitcoin — worth $31 million at current prices — has suddenly awoken after an 11-year slumber, transferring out its entire stash. The 1037 BTC was transferred amid a Bitcoin price of $29,956 and took effect at bloc ...

Bitcoin mining is becoming more environmentally friendly

Bitcoin (BTC) mining’s environmental impact has always been a controversial topic. On the one hand, critics emphasize that securing the Bitcoin network takes more power than some whole countries’ annual electricity consumption. On the other hand, much of the crypto community argues that it is a n ...

The European Commission’s Web4 strategy might be a flop

On July 11, the European Commission formally adopted its new strategy on Web4 and virtual worlds with the aim of ensuring “an open, secure, trustworthy, fair and inclusive digital environment” for European Union citizens. The strategy is based on four main pillars, revolving around th ...

Elon Musk’s new AI startup is as ambitious as it is doomed

Almost nothing is known about Elon Musk’s latest endeavor, an artificial intelligence startup named xAI. But “almost nothing” is still something. And we can glean a lot from what little we do know.As Cointelegraph recently reported, Musk announced xAI on July 12 in a statement compris ...

Enterprise blockchain: ‘Ethereum for Business’ explains key use cases

The cryptocurrency market has encountered its share of ups and downs over the past year, but blockchain technology continues to see impressive growth as businesses seek digital transformation. Recent findings from the market research platform, MarketsandMarkets, estimated the global b ...

It’s time for the SEC to settle with Coinbase and Ripple

In every major litigation, there comes a moment when you realize it’s time to settle. A ruling doesn’t go your way, a juror gives your legal team the side eye, the judge makes it clear it’s time for a settlement conference. After Judge Analisa Torres’ decision in SEC v. Ri ...

Demand is driving the price of Bitcoin to $130K

In any market, whether it is fruit and vegetables or financial assets, prices are determined by the intersection of supply and demand.If tomatoes are scarce due to a flood, with the same demand, the price in the supermarket will inevitably be higher — just as it will be higher if, with the ...

Experiments show AI could help to audit smart contracts, but not yet

While artificial intelligence (AI) has already transformed a myriad of industries, from healthcare and automotive to marketing and finance, its potential is now being put to the test in one of the blockchain industry’s most crucial areas — smart contract security.Numerous tests have shown ...

Bitcoin has entered a civil war — Over ‘art’

In an email dated Jan. 17, 1993, Hal Finney — a developer and early contributor to Bitcoin — shared the concept of “encrypted digital cards,” which are now known as nonfungible tokens (NFTs).“Giving a little more thought to the idea of buying and selling digital cash, I thought of a way to ...

The Supreme Court could stop the SEC’s war on crypto

When the leaders of the American Revolution signed the Declaration of Independence on July 4, 1776, they had no guarantee of victory. The battle for independence was underway, and their prospects were uncertain. Despite occasional victories, these audacious freedom fighters were grossly outnumber ...

Bitcoin ETFs: Even worse for crypto than central exchanges

Recent weeks have seen a surge in interest from traditional finance for crypto-based exchange-traded funds (ETFs). After the Securities and Exchange Commission took issue with its initial filing, BlackRock submitted a fresh application for a Bitcoin ETF on July 3. A week earlier, Fidelity led a c ...

Binance caves to pressure over coin listings, scoring a win for privacy

Privacy advocates scored a big win in June with Binance’s announcement that it was backtracking on a decision to delist privacy coins for users in a number of European countries.As a result of the move, users in Italy, Poland, Spain and France will be permitted to continue trading tokens i ...

Universities use blockchain-based storage to protect and democratize data

Academic institutions house some of the world’s most important data generated from years of research. Yet centralized data storage models are becoming a concern for many universities looking to keep critical information safe and accessible. Danny O’Brien, a senior fellow at the Fileco ...

The SEC is targeting Coinbase, Binance as proxies in its war on crypto

Imagine your daily commute to work, uninterrupted by traffic lights or stop signs, allowing you to sail smoothly. Suddenly, a new red stop sign disrupts your route, turning a main intersection into a four-way stop overnight. That evening, a letter from local law enforcement shocks you with a heft ...

Girlfriends, murdered kids, assassin androids — is AI cursed?

Is artificial intelligence (AI) cursed? It seems to be accelerating us toward a dystopia that humanity isn’t ready for.It's true that AI has had positive effects for some people. Twitter hustlers have an endless stream of new AI tools, giving them endless content about useless ChatGP ...

Crypto scams are going to ramp up with the rise of AI

With talk about integrating artificial intelligence and the cryptocurrency industry mostly focusing on how AI can help the crypto industry combat scams, experts are failing to pay attention to the fact that it could have the complete opposite effect. In fact, Meta recently warned that hackers app ...

Don’t be mean to CEXs — Crypto relies on them

Blockchain technology will eventually establish a reliable framework for exchanging value, effectively decentralizing power and financial control. This vision represents a revolutionary paradigm shift that we should wholeheartedly embrace.However, there are certain factors that may hinder ...

Think AI tools aren’t harvesting your data? Guess again

The meteoric ascent of generative artificial intelligence has created a bonafide technology sensation thanks to user-focused products such as OpenAI’s ChatGPT, Dall-E and Lensa. But the boom in user-friendly AI has arrived in conjunction with users seemingly ignoring or being left in the da ...

5 key highlights of the SEC’s lawsuit against Binance

The U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Binance on June 5, alleging that the exchange was involved in the sale of unregistered securities. In its 136-page complaint, the SEC accuses Binance and its founder, Changpeng “CZ” Zhao, of participating in a c ...

Cybernetic organizations — BORGs — are doomed to fail

What makes a decentralized autonomous organization (DAO) a DAO? In practice, the democratic structure of these organizations has been compromised because a number of self-purporting DAOs are operating like traditional corporations.With this in mind, developers at Delphi Labs proposed an al ...

Crypto.com Integrates with Samsung to Enhance Exchange App Features

The Crypto.com app will have new features thanks to the partnership Users will be able to enhance the trading and analysis experience Crypto.com is integrating with Samsung to improve the exchange app. https://help.twitter.com/en/twitter-for-websites-ads-info- ...

Analysts Expect Bitcoin to Surpass $30,000 This Week

Several analysts of the cryptocurrency market at once expect an increase in the cost of bitcoin above $30,000 this week. Bitcoin analyst Willy Woo shared macro indicators on Twitter, confirming, in his opinion, the uptrend of the first cryptocurrency in terms of capitaliz ...

Report Shows Only 0.53% of Crypto Investors Pay Taxes, but Doubts Arise on Methodology

Divly, a Swedish tax firm specializing in cryptocurrency, recently published a report claiming that only 0.53% of crypto investors pay taxes. However, some experts have raised doubts about the accuracy of the report's methodology. Divly's analysis was based on the ratio of the number of people wh ...