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Binance Blog
Binance Blog
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Millions of people across the globe use crypto every day to take control of their finances, from changing careers in Africa to offsetting inflation in Asia – everyone has their own story. We are proud to reveal our new campaign ‘Crypto is better with Binance’ where we meet ten of our users to discover how they have used crypto to improve their lives. Through this series of short films, we get a glimpse into the personal journeys of these Binance users across regions including Asia, Africa, the Middle East, Europe, and Latin America. Their real-life stories take us inside the unique ways in which they have leveraged the power of crypto and Web3. "These diverse stories provide a snapshot of our 165+ million users worldwide, illustrating how they're taking control of their finances," explains Rachel Conlan, Chief Marketing Officer at Binance. "This series is part of our continuous effort to spotlight the use cases that define how Binance products and services support people today. Billions of people are yet to explore this space and content series like this one help amplify the empowering nature of crypto for everyone."In the following weeks, we will be rolling out new films every Monday and Thursday starting on November 30, with each film shining a light on the challenges, breakthroughs and insights that have helped shape their experiences. Join Lauri, Hugo, Angela, Aman, V, Francimaria, Mustafa, Svitlana, Imed and Pierre as they open up and tell their stories on camera. You can catch the latest videos on the ‘Crypto is better with Binance’ landing page.As part of the campaign a Spot Trading Competition will run consecutively with a share of over $100,000 in crypto rewards up for grabs! The competition runs from November 30, 13:00 UTC - December 18, 23:29 UTC, 2023. To find out more and participate please head to the competition page here.Risk Disclaimer: Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. Binance is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning.

about 1 hour ago
Cointelegraph
Cointelegraph
followers

ARK Invest, a cryptocurrency investment firm founded by Bitcoin (BTC) advocate Cathie Wood, bought about $1.5 million of SoFi Technologies (SOFI) shares on Nov. 29, the day the latter announced its exit from crypto. On Nov. 29, ARK bought 200,275 SOFI shares to allocate to its ARK Fintech Innovation ETF (ARKF), according to a trade notification seen by Cointelegraph. The amount is worth $1.47 million, based on SOFI’s closing price on Nov. 29, or $7.35 a share, according to data from TradingView. ARK’s latest SOFI purchase came on the day SoFi Technologies officially announced its decision to terminate cryptocurrency services by Dec. 19, 2023. “After careful consideration, we’ve made the decision to discontinue our crypto services by the end of this year,” SoFi said, directing its customers to migrate their crypto holdings to the online crypto wallet Blockchain.com. ARK has been actively buying SoFi shares throughout the year, buying a total of 1,772,991 SOFI for ARKF so far. ARKF’s SoFi exposure is worth around $13 million at today’s prices. SoFi stock has seen some volatility in 2023, surging to $11.45 in July after starting the year at just $4.5. SoFi shares have been gradually declining since then, dropping below $7 in mid-November. SoFi Technologies (SOFI) shares’ year-to-date price chart. Source: TradingView In addition to buying SoFi, ARK has been actively buying Robinhood (HOOD) shares, bagging 221,759 HOOD on Nov. 29. Robinhood’s trading app allows one to buy and trade cryptocurrencies like Bitcoin in the United States. The platform officially announced plans to expand its business into the U.K. on Nov. 30, without mentioning whether cryptocurrency would be part of the offering. While buying SoFi and Robinhood, ARK has continued to sell the Coinbase (COIN) stock. On Nov. 29, ARK sold around 38,000 COIN shares from the ARKF ETF, totaling nearly $5 million. ARK did not immediately respond to Cointelegraph’s request for comment. Magazine: How to protect your crypto in a volatile market — Bitcoin OGs and experts weigh in

about 1 hour ago
CryptoPotato
CryptoPotato
Binance Retains Leading Position Among Crypto Exchanges Despite DOJ Fiasco
about 14 hours ago
Mbeyaconscious
Mbeyaconscious
followers

The cryptocurrency world is full of possibilities, but it's also full of risks. Binance, a popular crypto exchange, lets you buy, sell, and trade digital assets. But navigating the crypto market can be tricky, especially if you're new to it. To help you avoid common mistakes and make the most of your Binance experience, here are 10 things to keep in mind:1. Do your research: Before you start trading, learn about blockchain technology, different cryptocurrencies, and how the market works. Understand the risks and make informed decisions.2. Don't let fear or greed control you: Don't make impulsive decisions based on hype or speculation. Stick to your trading plan and don't chase quick profits.3. Trade wisely: Don't trade too often. Wait for good opportunities and don't chase every price change.4. Manage your risks: Use tools like stop-loss orders to limit potential losses. Set realistic profit targets and don't overextend yourself.5. Spread your investments: Don't put all your eggs in one basket. Invest in different cryptocurrencies to reduce your risk.6. Keep your crypto safe: Use strong passwords, enable two-factor authentication (2FA), and store your crypto in secure wallets. Watch out for scams and other online threats.7. Don't trade based on emotions: Stay calm and make decisions based on logic, not fear or greed.8. Think for yourself: Don't just follow the crowd. Do your own research and make your own decisions based on your goals and risk tolerance.9. Know when to sell: Don't get too attached to your investments. Sometimes, it's better to cut your losses and move on.10. Stay informed: Pay attention to market trends and news that could impact your crypto investments. Make adjustments as needed.Why Follow Binance Square and Tip Me for SupportBinance Square is a great place to learn about cryptocurrency. Follow me on Binance Square to get:* Latest crypto news and updates* Insights and analysis from experienced traders* Educational resources to improve your trading skills* A community of crypto enthusiasts to share ideas withTipping me through Binance's tipping feature will help me keep creating helpful content, sharing my insights, and contributing to the Binance community. Your generosity will fuel my motivation to help others succeed in the world of cryptocurrency.Join me on Binance Square and let's make smart, safe crypto trades together!

about 3 hours ago
Btcnews99
Btcnews99
followers

🚨🚨Top 5 Free Crypto Tools 🚨🚨 There are five free cryptocurrency tools that can be valuable for various purposes, from market analysis to portfolio management: CoinMarketCap: Website: CoinMarketCap Purpose: CoinMarketCap is a widely used platform that provides real-time data on cryptocurrency prices, market capitalization, trading volume, and other relevant metrics. It offers a comprehensive overview of the entire cryptocurrency market. TradingView: Website: TradingView Purpose: TradingView is a versatile charting platform that allows users to analyze and visualize cryptocurrency price movements using a variety of technical indicators. It also provides a social aspect where users can share trading ideas and strategies. CoinGecko: Website: CoinGecko Purpose: CoinGecko is a cryptocurrency data aggregator that provides comprehensive information about cryptocurrencies, including price, trading volume, market capitalization, and fundamental data. It also offers additional metrics such as developer activity and community engagement. CryptoCompare: Website: CryptoCompare Purpose: CryptoCompare offers a range of tools for tracking cryptocurrency prices, historical data, and market trends. It provides in-depth information on various coins and exchanges, making it useful for both beginners and experienced traders. Delta - Cryptocurrency & Bitcoin Portfolio Tracker: Website: Delta Purpose: Delta is a portfolio tracking app that allows users to monitor their cryptocurrency holdings in real-time. It supports a wide range of cryptocurrencies and provides features such as price alerts, news tracking, and portfolio performance analysis. These tools offer a combination of market data, charting capabilities, and portfolio management features, catering to different needs within the cryptocurrency space. Remember that while these tools are free to use, it's important to exercise caution and conduct additional research before making any investment decisions. #ETH #Tools&Analysis #tool #btcnews99 #BTC

about 5 hours ago
CoinEdition
CoinEdition
followers

The top three CEXs by assets held are Binance, OKX, and Bitfinex. DefiLlama data shows that Binance holds $66.917 billion to rank top among CEXs by assets held. There was a negative inflow in digital assets on all the top 3 CEXs in the last 24 hours. Data from DefiLlama, a blockchain data aggregation platform, shows that the top three centralized exchanges (CEXs) by assets held are Binance, OKX, and Bitfinex. As posted by Lookonchain on X (formerly Twitter), the smartmoney on-chain platform, the total digital assets held by Binance amount to $66.917 billion. OKX holds $12.413 billion, while Bitfinex holds $11.746 billion to complete the top three CEXs in digital assets holding. According to #Defillama, #Binance holds $66.917b assets:$20.578b BTC$18.84b USDT$8.085b WETH/ETH…#OKX holds $12.413b assets:$5.2b USDT$4.827b BTC$1.95b WETH…#Bitfinex holds $11.746b assets:$7.69b BTC$2.596b LEO$0.77b WETH…https://t.co/Lrl0bTwxIF pic.twitter.com/OVKm2vG6Tf — Lookonchain (@lookonchain) November 30, 2023 Notably, Bitcoin dominated the volume of assets held in two of the three top CEXs, while Tether (USDT), the flagship stablecoin, topped the assets held on the other. The volume of Bitcoins held on the Binance exchange totaled $20.578 billion, representing 30.75% of the digital assets on the leading crypto exchange. As of the time of reporting, DefiLlama’s data showed that OKX held $4.827 billion in Bitcoins, reflecting 38.89% of the total assets held on the trading platform. Tether dominated the digital assets volume held on OKX with a volume of $5.2 billion and a market share of 41.89%. Bitcoin represents the dominant digital asset on Bitfinex by claiming 65.47% of all assets held on the crypto exchange. Bitcoins held on Bitfinex as of the time of writing amounted to $7.69 billion, while LEO, with a volume of $2.596 billion, representing a 22.1% market share, is the second-highest digital asset held on Bitfinex. It is important to note that data from DefiLlama showed a negative inflow in digital assets on all the top three crypto exchanges in the last 24 hours. According to information on the data aggregation platform, $327.85 million was withdrawn in digital assets from Binance 24 hours before this report. The volume on OKX dropped by $17.01 million, while Bitfinex users pulled out $42 million in digital assets from the trading platform. The post Binance, OKX, Bitfinex Are the Top 3 CEXs by Digital Assets Held appeared first on Coin Edition.

about 6 hours ago
Lambe Kripto
Lambe Kripto
followers

🔥FTX received approval from a New York bankruptcy court to sell approximately $873 million in shares of Grayscale Bitcoin Trust (GBTC) and Bitwise Crypto Index Fund. As the price of Bitcoin has risen, the price of this asset has also risen. FTX's trust assets include shares in various Grayscale funds, including the Grayscale Bitcoin Trust (GBTC) and the Bitwise crypto index fund, which were worth a total of $744 million as of Oct. 25, according to court documents filed on Nov. 3. However, FTX's trust holdings could now be worth much more, at around $873 million, as GBTC's discount to its net asset value has narrowed along with bitcoin's rally, based on shareholdings reported in court filings and Wednesday's closing market price per TradingView data. The approximately 17% appreciation since October 25 can be explained by the rise in cryptocurrency prices over the past month. The crypto exchange, once led by Sam Bankman-Fried, was one of the world's largest trading platforms before collapsing in November last year following a CoinDesk report that revealed the balance sheet of FTX's sister trading firm, Alameda Research, was shaky. #BinanceTournament #BTC #link #etf #USTC 👉Follow, Like, Comment & Share 💖

about 7 hours ago
Whale Tracker 24-7
Whale Tracker 24-7
followers

Cardano's Key Position for 2023 Market Movement ⤵️ 📣 Crypto analyst Ali Martinez points out that Cardano (ADA) is currently in a crucial demand zone. He notes that 166,470 wallets have acquired 4.88 billion ADA, valued at over $1.85 billion, while ADA has been trading between $0.37-0.38, hinting at strong investor interest at these levels. 📣 Martinez suggests that with solid support below and minimal resistance ahead, maintaining above this demand zone could enable $ADA to reach new highs in 2023. However, he warns that falling below this level might lead to a correction, potentially dropping to $0.34. 📣 The analyst also mentions a sell signal on ADA’s weekly chart based on the Tom DeMark (TD) Sequential indicator, commonly used to anticipate trend reversals. What's your perspective on ADA's current market position and its potential movement? Engage in the discussion and share your analysis of Cardano's future. #CardanoForecast #ADAAnalysis #CryptoMarketTrends #TradingSignals #DailyHodl

about 8 hours ago
Whale Tracker
Whale Tracker
followers

My Trading Journey: From $1 to $7000 Per Day - Part 1( All tricks I crossed in trading ) Let the lessons begin! This journey started seven years ago when I began trading with just $1. Now, I confidently trade with $7000 per day, and I'm here to share my life guide with you. So, sit back, relax, and read with a clear mind. Let's dive into the first lesson. The trick I employed seven years ago—allow me to recount exactly what I did and provide updates for this period, including some dark tricks. The first day started with just $1, and it took a week. At that time, $1 felt like nothing, and I couldn't do much with it. (Already I explained in feed how to turn $1 into $10 within a month through strategic trading.) Unfortunately, after seven days, I had lost that initial $1. Six months later, I managed to accumulate $100 to invest in the market. My first decision was to break even; I aimed to make $0 and use the $100 as a safety net to avoid further pain from losses. I spent most of my free time on the internet, delving into global economic news channels and tech innovations. I closely monitored crypto prices, receiving daily reports on gold changes and Bitcoin price fluctuations. I observed a pattern: whenever the gold price surged, Bitcoin would pump in the next three days. Although I didn't understand the exact reason, I recognized a connection. I decided to analyze the market further, comparing gold, silver, copper, oil, and their impact on Bitcoin prices. After extensive research, I discovered a connection—fiat currency, specifically our money, the dollar. This led to a new idea: understanding the fate of the USD. It became the starting point for all my analyses. Here, I'll pause, but your support can drive me to continue. Expect 50 parts as I unfold seven years' worth of tricks. Every day 2 posts ! Feel free to let me know if you have any specific preferences or further adjustments! #BinanceTournament

about 15 hours ago
Whale Tracker 24-7
Whale Tracker 24-7
followers

Cathie Wood's Recent Investment Shifts ⤵️ 📣 ARK Invest, led by CEO Cathie Wood, sold a significant 43,956 shares in Coinbase as its stock soared to a high not seen since April 2022, reaching $128.27 at market close on Tuesday. 📣 Contrasting the Coinbase sale, ARK's Fintech Innovation ETF increased its stake in Robinhood, purchasing an additional 143,063 shares, valued at approximately $1.2 million, as Robinhood's stock rose to $8.64. 📣 ARK also made notable sales in the Grayscale Bitcoin Trust, offloading 36,168 shares on November 22nd and 32,980 shares on November 21st, totaling over $2 million. Meanwhile, GBTC's value increased by more than 4.60% at market close on Tuesday. How do you interpret Cathie Wood's and ARK Invest's recent stock trading strategies? Share your insights and analysis! #CathieWood #ArkInvest #StockTrading #DailyHodl #coinbase

about 17 hours ago
Tokenist
Tokenist
followers

Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our  website policy prior to making financial decisions. Economies with a debt-based monetary model are fueled by innovation. One of them is the emergence of buy-now-pay-later (BNPL). It encourages consumption by fragmenting payments into installments so they are more easily managed. BNPL’s growth is facilitated by e-commerce digitization as it makes online shopping exceedingly accessible and convenient. As such, BNPL’s global market size is heading for a $3.9 trillion target by 2031, from $256.54 billion in 2022, according to Straits Research. This would put BNPL’s compound annual growth rate (CAGR) at 30.5%, significantly exceeding the e-commerce market CAGR itself at 10% (by 2028). According to PYMNTS data released in September, BNPL became so popular as to be used for grocery shopping, gaining a 55.6% share out of all BNPL orders. With this new consumer habit and triple outpacing in mind, which stocks are poised to benefit from FinTech’s short-term loan innovation? Affirm Holdings, Inc. (NASDAQ: AFRM) When Affirm went public in January 2021, its initial public offering (IPO) price was $49 per share. While AFRM share price has fallen to $31, the largest US BNPL provider has gained 241% year-to-date, exceeding even Nvidia (NVDA). As of August 2023, Affirm reported 16.5 million active customers, a 30% increase from December 2022. This impressive growth is unsurprising given that Affirm doesn’t charge deferred interest, compound interest, late fees, or penalties. Instead, the company generates revenue through transactions paid by merchants when Affirm executes them.  To that end, Affirm exclusively partnered with Shopify early on in 2020 to enable Shop Pay installments. This was the major rail for Affirm’s success as the Shopify platform caters to over 500,000 businesses worldwide. Since that partnership, Shopify’s active users have grown by over 200%. In the latest earnings report from November 8th, Affirm missed the earnings per share (EPS) consensus of $0.08 at reported -$0.57. However, it beat the revenue estimate of $444.48 million at $496.55 million, a 37.3% increase from a year-ago quarter. Despite a net loss of $985.34 million, Affirm is a high-growth stock as mirrored by its large revenue increase. Based on 17 analyst inputs pulled by Nasdaq, AFRM stock is “hold”, positioning it as presently fairly valued. The average AFRM price target is $21.59 vs current $31. The high estimate is $33, while the low forecast is $12 per share.  Join our Telegram group and never miss a breaking digital asset story. Block (NYSE: SQ) After absorbing the Australian Afterpay in January 2022 for $29 billion, Jack Dorsey’s Block became known for three things: BNPL, Bitcoin, and CashApp. Like Affirm, Block doesn’t incur interest on payment installments but relies on merchant fees, late fees, and deferred interest (if installments are not repaid in full). Although not specifically addressing its Afterpay-integrated BNPL revenue, Block reported $5.62 billion total net revenue, a 24% year-over-year growth. Since Block is not a standalone BNPL service provider but has Bitcoin and CashApp to diversify, the company offers a more secure investment exposure. Block’s CashApp generated $984 million gross profit, up 27% yoy. Bitcoin’s gross profit ran up to $45 million, generating $2.42 billion in revenue. With the hype around Bitcoin ETF approvals and the 4th halving in April 2024, investors should consider Block a hybrid crypto/payments high-growth stock.  Based on 39 analyst inputs pulled by Nasdaq, SQ stock is a “strong buy.” The average SQ price target is $71.87 vs the current $63. The high estimate is $95, while the low forecast is $46 per share.  Apple (NASDAQ: AAPL) For investors interested in even safer BNPL exposure, Apple presents a solid proposition. By the latest 13F filing, Apple makes half of Warren Buffett’s investment portfolio. The tech giant has been probing the FinTech waters for a while, starting with the launch of Apple Pay in 2014. In March 2023, Apple upgraded Apple Pay with BNPL for up to $1000 without incurring interest or fees, split into four installments. Throughout 2022, Apple Pay processed $6 trillion in payments globally, making it one of the largest FinTech forces. For comparison, PayPal had a total payment volume of only $1.36 trillion (TPV). However, Apple Pay’s share in the online payments arena is still relatively low, at 12.62% vs PayPal’s 56.15% share. Since its launch, Apple’s BNPL service, known as Apple Pay Later, has shown promise. According to a J.D. Power survey, 19% of BNPL customers used it, while PayPal dominated at 39% BNPL share. Although Apple’s entry into the buy-now-pay-later will be limited by its ecosystem, it is large. Moreover, Apple can instantly scale it as an established payments brand name. It is also worth noting that Apple didn’t hint at auto-fining customers for “misinformation” as PayPal did.  Based on 31 analyst inputs pulled by Nasdaq, AAPL stock is a “strong buy.” The average AAPL price target is $201.99 vs the current $190. The high estimate is $240, while the low forecast is $150 per share. Given that 60% of Americans live from paycheck to paycheck, do you think BNPL will become an essential service? Let us know in the comments below. The post Three Stocks that Can Benefit from the Buy-Now-Pay-Later Craze appeared first on Tokenist.

about 18 hours ago
Coinspeaker
Coinspeaker
followers

Coinspeaker Animoca Brands Records Huge Success with Season 2 of Publisher NFTs Sale Animoca Brands announced that Season 2 of its Publisher NFTs surpassed all expectations, having already sold out. It shared this in a recent announcement, revealing that the sale of all 720 Publisher NFTs brought in 538,560 EDU tokens in total. That is approximately $315,517, at the time of sale. The sale follows a November 2022 announcement when Animoca revealed that it had sold out of the first batch of six TinyTap Publisher NFTs. In total, the batch generated 138.926 ETH (approximately $228,000 at the time of sale) in revenue. This means that the six teachers who authored the content linked to the Publisher NFTs saw 67.7 ETH. That is approximately $111,000  at the time of sale. Animoca to Pay Educators with Revenue from Publisher NFTs Sale Recall that the Publisher NFTs were created by Animoca’s subsidiary and edtech platform TinyTap, and the sale was facilitated by the community-led Web3 education protocol Open Campus. So, the amount generated will serve as upfront and even continuous revenue for the 168 educators on the TinyTap platform. When TinyTap introduced the concept of Publisher NFTs, it aimed to use it to support content creators in the line of education and publishing. More so, in a way that would give these creators better rights to their educational content on TinyTap. It might be worth mentioning that content on the TinyTap platform has always generated revenue. That is even before they were linked to NFTs. However, with Publisher NFTs, that same content now grants creators new autonomy and improved earnings. Initially, educational creators will get 50% from the proceedings of their NFTs. They also get a 10% ongoing share of the revenue share that the NFTs generate. And, lastly, creators now have access to royalty consisting of 5% of the secondary sale of their NFTs. Impact of Digital Assets on Education For what it’s worth, digital assets appear to be shaping the education sector in an unprecedented way. For example, the Publisher NFTs now allow creators to fully focus on creating more content. That is because anyone who buys the NFT automatically becomes a co-publisher of the content linked to the NFT, and can receive a share of up to 80% of the revenue share the content generates. So, the onus is on the NFT holder to promote and market the content, says TinyTap. According to the CEO of TinyTap Yogev Shelly, the just concluded sale brings more to education than just the earning opportunity for creators. Shelly said in part: “It’s about building a future in which communities play a pivotal role in shaping curricula and empowering teachers and content creators to pave a path toward true educational autonomy.” TinyTap was founded in 2012 and has grown to become the world’s largest educational games library. Notable publishers that it has worked with include Oxford University Press, Sesame Street, Pinkfong, and many more. next Animoca Brands Records Huge Success with Season 2 of Publisher NFTs Sale

about 19 hours ago
Crypto
ETH,BNB,SOL,FTM,AVAX,ARB
Frax Share(FXS)

$7.22

1.71%

Market Cap
543.72m
 

1.71%

Volume (24h)
19.13m
 

-17.76%

Released on 08 Sep 2020
Coinpedia
Coinpedia
followers

The post Markets Withstand $4B Binance Penalty As Analysts Predict Resiliency appeared first on Coinpedia Fintech News Leading cryptocurrencies like Bitcoin and Ether traded flat over the past week even after crypto exchange giant Binance agreed to a record $4.3 billion settlement with U.S. authorities, according to analysis by research firm K33. Analysts said the landmark agreement unveiled on November 21st showed sanctions violations and illegal money transfers but no mishandling of client funds. As such, it poses little risk of spreading contagion across digital asset markets, as happened amid the FTX implosion last year. “The settlement has nothing to do with mishandling customer funds and won’t have any contagious effects in the future,” wrote K33 senior analyst Vetle Lunde and vice president Anders Helseth in the latest market update. Bitcoin and Ethereum prices remain buoyant at around $38,000 and $2,000, respectively, in the days after regulators publicized years-long investigations into Binance’s anti-money laundering procedures and sanctions compliance. The relatively muted impact affirms that Binance’s transgressions seem isolated rather than systemic. BNB plunged amidst Binance drama However, the firm’s BNB token did shed nearly 14% following the announcement of the costly settlement that cements a pivot away from the U.S. market. Binance founder Changpeng Zhao also stepped down as chief executive while retaining a substantial ownership stake. But Lunde and Helseth contend that Binance, boasting over 120 million users globally, still represents a pillar of crypto infrastructure likely to rebound in 2024, even with its American operations winding down. “Binance’s strong user base points towards Binance remaining a cornerstone of the crypto market structure as we advance into 2024,” the K33 report concluded. That said, the researchers highlighted that Binance already experienced a slipping market share in 2022 amid intensifying regulatory attention. Its portion of non-U.S. exchange volumes sank below 45% from around 70% previously, based on data from research firm The Block. For now, crypto markets seem reassured by the scope of penalties levied exclusively against Binance, rather than foreshadowing another existential crisis. Only the coming months will reveal whether depleted consumer confidence or frozen assets destabilize the exchange itself, despite its towering status and still unmatched scale.

about 19 hours ago
CryptoNews
CryptoNews
followers

Ethereum (ETH) remains above the $2,000 support level. A crypto analyst notes that increasing whale activity could trigger the next bull run.  Meanwhile, market participants have been tracking Celestia and Meme Moguls, expecting expansions in 2024. Rising whale activity may drive ETH demand Shortly after BlackRock filed for an Ethereum ETF, prices broke the $2,000 resistance line.  Thus far, despite the decline in the broader crypto market, ETH is firm above $2,000, further buoyed by increasing whale accumulation. You might also like: Ethereum turns deflationary as validators exit and defi transactions drop 57% Glassnode reported that for the first time in more than nine months, large wallet addresses have been steadily accumulating the coin.  Accordingly, experts are bullish on ETH, expecting the coin to retest $2,140. Further gains will likely lift ETH towards $2,500.  Celestia bullish  On Oct. 31, Celestia launched the world’s first modular blockchain network.  The release saw TIA prices rise by over 70% in two weeks, reaching an all-time high of $7.38.  Although TIA corrected to $5.70, investors continue to explore its prospects.  Movement Labs also said they will scale the Move Virtual Machine layer-2 for Ethereum using the modular Celestia DA.  Introducing M2 with Celestia underneathM2 is the first Move-based Ethereum L2 scaled using @CelestiaOrg’s modular data availability layer, accelerating the creation of high-performance consumer apps.https://t.co/py6xKDeWAY — Movement (@movementlabsxyz) November 22, 2023 At the same time, Lumoz plans to launch a ZK-powered solution, StableNet, on Celestia.  🚀 Lumoz's RaaS Day was a spectacular exploration of #Rollup technology! 🌐 A massive thank you to our phenomenal keynote speakers and brilliant panelists who shared their expertise. Let's dive into the highlights of the enlightening panel discussions: pic.twitter.com/BGIeAO1njm — Lumoz (Previously Opside) (@LumozOrg) November 17, 2023 Analysts forecast TIA to reach $10 in 2024. Meme Moguls to launch exchange Meme Moguls aims to create the first exchange dedicated to meme coins.  This platform enables users to trade meme-based assets and earn tokens. It also has a user-friendly interface for an intuitive trading experience. Meme Moguls maintains the core element of meme coins: community-centeredness.  You might also like: Ethereum bulls target $3k, Meme Moguls rising, Shiba Inu may breach $0.00001 Users can freely engage, share insights, discuss trading strategies, and participate in healthy competitions.  This fosters an environment where meme enthusiasts can build wealth from the rapidly growing meme coin sector. Meme Moguls has attracted significant interest from meme coin enthusiasts.  Currently, MGLS, the native token, is available for $0.0021 in the ongoing presale. Visit Meme Moguls Read more: Ethereum may retest $2,500, investors dig into Meme Moguls presale Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

about 21 hours ago
COINCU
COINCU
followers

Key Points: Coinbase has notified users about a subpoena from the CFTC regarding Bybit. Bybit, the third largest offshore crypto exchange, has faced regulatory scrutiny in the UK and Japan. Speculation suggests that the CFTC is targeting Coinbase users who interacted with Bybit, potentially leading to legal action against the Dubai-based exchange. Speculation suggests that Bybit faces CFTC scrutiny as Coinbase notifies users about a subpoena from the CFTC regarding Bybit, the third largest offshore exchange. Coinbase may counter the subpoena.  Bybit Faces CFTC Scrutiny Following The Subpoena Alert From Coinbase According to The Block, Coinbase has notified some users about a subpoena it received from the U.S. Commodity Futures Trading Commission (CFTC) regarding the crypto exchange Bybit. However, the specifics of the subpoena were not disclosed. Bybit, currently the third largest offshore cryptocurrency exchange after Binance and OKX, has recently faced regulatory scrutiny in the UK and Japan, with warnings and demands for compliance from finance watchdogs. BybitFaces CFTC Scrutiny For Illegally Offering Trading To US Customers There is speculation that the CFTC is targeting Coinbase users who have interacted with Bybit, potentially indicating legal action against the Dubai-based exchange. Coinbase mentioned in an email to select users that it may counter the subpoena, which would prevent the handover of user information. Bybit, founded in 2018 by Chinese entrepreneur Ben Zhou, introduced mandatory know-your-customer (KYC) checks in May of this year after halting US dollar transfers following the collapse of Silvergate Bank. The news of a CFTC subpoena against select Coinbase users who share transaction history with Bybit suggests that Bybit's regulatory challenges may continue in the United States. Bybit, headquartered in Dubai, has over 15 million users worldwide and does not serve restricted markets like the UK and the US. DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

about 21 hours ago
Crypto LbaTal
Crypto LbaTal
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🌌✨ Trading Wisdom: Navigating the Cosmic Dance 🌌✨ Entering the trading arena is akin to stepping into a cosmic dance. You decide to buy, and the market contemplates selling. Opt for selling, and suddenly, it craves to buy. It's a wild ride, isn't it? 📈📉 🥶 Ever felt that strange force pulling against your trades? I certainly have, and the experience continues. But here's the secret: trust your analysis, validate it on higher time frames, and fear not. 🧐💪 Trading demands mastery of emotions and unwavering patience. Don't let feelings sway you; remember, patience is a virtue. 🧘‍♂️🕰️ 📌 In the trading cosmos, closing at a modest loss is the key. It's your safeguard against plunging into a deeper abyss. Consider this wisdom as your guiding star. 💡 #BinanceTournament 🧩 If this journey resonates, if the cosmic dance of the markets intrigues you, don't forget to like, share, and follow. 🌌✨ Your generous tip powers our mission! Better tools mean superior research and safer investments for all. Spread the love—tap that Tip button! 💛👇

1 day ago
Cryptoniteuae
Cryptoniteuae
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Top 10 cryptocurrencies by development activity in last 30 days As the majority of assets in the  #cryptocurrency market are trading in the green on most charts, blockchain and cryptocurrency businesses continue to invest significant efforts in terms of developing their ecosystems, with development activities of some of them being more intense than others. Specifically, the #Polkadot ( $DOT ) protocol and its public pre-production environment, #Kusama ( $KSM ), share the top position in terms of notable #GitHub commits across the previous 30 days, according to the data by the on-chain and social metrics platform Santiment in an X post published on November 28.

1 day ago
CoinCodex
CoinCodex
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 Key takeaways NIO Inc. (NYSE:NIO) has struggled during 2023, leading to a major reduction to the stock price YTD The electric vehicle manufacturer is set to release its Q3 earnings report on 5th December Wall Street are expecting a slight improvement to loss per share following a series of cost-cutting measures NIO cuts costs in the run-up to Q3 earnings targeting more productive efficiency in a bid to salvage profit The current price of NIO Inc. (NYSE:NIO) is $7.21, up +$0.28% from the previous close. The stock price has seen a slight boost during pre-market trading, indicating that investors could be anticipating upside for NIO over the short term. NIO’s Q3 earnings report is due to take place on 5th December and the expectation is that there will be a QoQ improvement. NIO has implemented cost-cutting measures in recent months following a difficult 2023 in which the stock price has fallen -26% YTD. The company was forced to cut prices in line with its competitors and deliveries remain some way short of 2023’s annual target. As of 20th November, NIO had delivered 126,067 electric vehicles (EVs) — roughly half of its 250,000 target for the year. NIO recently took the decision to layoff around 10% of its staff in a bid to reduce overheads, and the EV company is also cutting the development of several long-term projects that were not expected to contribute to revenue in the next 3 years. The company cited “fierce competition” in the EV market as reason to wind down some of its operations, with a view to streamlining productive efficiency and improving gross "https://coincodex.com/stock/NIO/earnings/">earnings report, forecasting an EPS of -$0.43 compared against Q2’s -$0.51. NIO earnings The vast majority of institutional investors still hold NIO stock despite recent troubles Fierce competition in the EV market led NIO to slashing prices earlier in 2023. Coupled with reduced demand across the market, this led to a major underperformance from NIO in Q1 this year. By March, Wall Street had forecasted an EPS of $1.77 during the Q1 earnings report, but NIO reported a QoQ reduction to net profit margin which led to a loss per share of -$0.51. In response, NIO overhauled manufacturing processes at one of its key factories in Anhui province and has since been focused on reducing costs. Stripping back production to focus only on revenue-generating projects in addition to the recent lay-offs are expected to further improve NIO’s net profit margins, where its operating loss has risen for 3 consecutive quarters. Institutional investors have also reduced their exposure to NIO stock in recent months. Q3’s 13F filings showed that 15 fewer institutions were holding NIO stock when compared with Q2, but there’s still 446 institutions that own 407.32 million NIO shares between them.   NIO Q2 earnings, via Whale Wisdom Algorithm predicts -35% drop for NIO stock in next 3 months Despite a slight uptick for NIO in pre-market trading due to an expectation that NIO will see a "https://coincodex.com/stock/NIO/price-prediction/">NIO price prediction algorithm remains bearish in the near term. NIO has slid -55% from its August peak of $16.16, and the algorithm expects the slide to continue in the next 3 months. By 1st March 2024, NIO could be trading at $6.23 following a bounce up from $4.67. From the current price of $7.21 to the forecasted low of $4.67, NIO could see a -35% price reduction in the months after Q3’s earnings. Bottom line: NIO’s struggles continue but traders may be positioning for short-term rally Lay-offs for ~10% of all employees and wind-downs for multi-year projects signal that NIO has taken decisive action in a bid to improve net profit "https://cnevpost.com/2023/11/20/nio-president-refutes-doubts-over-collapse/">stating that “there is absolutely no possibility of NIO going out of business.” As a relative newcomer to the EV market and the largest manufacturer in Asia, investors remain positive on NIO’s ability to turn around its recent fortunes. The entire market has experienced a decline in demand during 2023, and NIO’s underperformance has been impacted by Tesla’s (NASDAQ:TSLA) decision to slash prices early in the year. Traders may be anticipating a near-term bounce for NIO in the run up to the 5th December earnings report. However, the NIO price prediction algorithm expects the recent downtrend to continue heading into the New Year, with a -35% forecast by the end of Q1 2024.

1 day ago

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