China News Daily Official TheBitTimes.com

Dec 31, 2023 at 07:47 // Price Author Coin Idol Cryptocurrencies have continued to rise, with some entering the bull market. Others have fully recovered from the earlier decline. Bitcoin SV Bitcoin SV (BSV) has resumed its uptrend after breaking above the upper barrier at $56. The cryptocurrency has been trending sideways since July 1. Buyers have not managed to keep the price above the $56 mark. On December 27, the altcoin rallied and broke through the resistance level of $56. The upward momentum reached a high of $107 before reversing. The retracement has slowed

Whale investors can significantly impact meme coin markets, as seen with SILLY’s rapid value increase. The crypto market’s volatility is highlighted by contrasting outcomes in short timeframes. Insider trading concerns arise in crypto, demonstrated by the rapid success of early SILLY investors. In a recent move, a whale made a significant investment in a Solana-based memecoin, Silly Dragon (SILLY). As per Lookonchain a prominent blockchain figure, this investor deployed 8,552 SOL, equivalent to approximately $787,000, to purchase 9.51 million SILLY tokens at an average price of $0.08277 over the past eight days. This strategic move has already resulted in a substantial floating profit of $473,000, marking a 60% increase in value. Prior to this venture, the same investor engaged with another digital asset, $ZERO, with contrasting results. They initially spent 1,475 SOL on $ZERO but subsequently sold it for 1,022 SOL, enduring a loss of 453 SOL, or about $34,000, wit

Dec 29, 2023 at 10:14 // Price Author Coin Idol The coin Ripple (XRP) falls below the moving average lines. Ripple coin price Analysis by Coinidol.com. XRP price long-term forecast: bearish The Ripple (XRP) coin has been trading in a range since the end of the rally on November 6. The price movement was halted by the presence of doji candlesticks. On December 25, buyers tried to hold the price above the moving average lines but were rejected. XRP is now valued at $0.62 after falling below the moving average lines. The bearish momentum of the bears will reach

Japanese financial group Monex is set to acquire a major ity stake in Canadian digital asset manager 3iQ. The acquisition continues a trend of major crypto exchanges venturing into asset management. Monex, which owns TradeStation in the U.S. and acquired Coincheck in 2018, has not disclosed the deal’s financial details. We have some relevant M&A news north of the border. Canadian crypto ETF provider — @3iq_corp selling a major ity stake to Monex Group https://t.co/FnkWKw1rKx — James Seyffart (@JSeyff) December 28, 2023 You might also like: Cathie Wood hints at spot Bitcoin ETF approval date 3iQ gained prominence for its Bitcoin ETF listed in Canada, being among the first to introduce such a fund in 2020. Despite reaching $755 million in assets shortly after launch, it has since settled at around $100 million. 3iQ broke new ground by integrating staking capabilities within an Ethereum ETF, showcasing innovation in digital asset management. In 2022, 3iQ demonstrate

BCH and BSV prices outperformed almost all the coins in the market. BCH cleared the $229.15 resistance after bulls capitalized on the breakout. BSV’s rise was influenced by a surge in trading volume on Upbit, but the coin is now overbought. Bitcoin’s (BTC) bounce above $43,000 has resulted in a strong rally for cryptocurrencies related to the coin. According to CoinMarketCap, Bitcoin Cash (BCH), the token created in August 2017 as a result of a Bitcoin hard fork, rose by 14.04% in the last 24 hours. The increase ensured that BCH changed hands at $270. However, that was not the only cryptocurrency affected by the rise in Bitcoin’s value. Bitcoin SV (BSV) overshadowed BTC’s and BCH’s increase as it rose by 60.69% within the same timeframe. Bitcoin SV also came to life as a result of a blockchain split. But unlike Bitcoin Cash, BSV was launched later in November 2018.  BCH Eyes $300 Again Per the 4-hour BCH/USD chart, the cryptocurrency had formed an

Shiba Inu (SHIB) is one of the most popular cryptocurrencies in the market. The project has a market cap of $6.3 billion, with over 1.3 million holders. SHIB fans, collectively called the SHIB Army, are spread across the globe and are a known force in the crypto scene. Dubai-based crypto ex change Coinswapz has also highlighted the popularity of the memecoin by featuring the Shiba Inu (SHIB) logo on its office entrance. The Coinswapz office is at the Moon Tower complex in Marina Dubai. Along with SHIB, the office entrance also Features the Bitcoin (BTC) logo. The move shows that SHIB is a popular choice among crypto investors in Dubai. Moreover, many of Coinswapz’s clients may be SHIB fans, leading to the company’s choice. Also Read: Will Shiba Inu (SHIB) Overtake Dogecoin (DOGE) in 2024? Coinswapz – The Leading OTC Ex change in Dubai Marina They display only BTC and $SHIB at the entrance of the company, besides their own logo!🔥 This is proof that $SHIB is very popular

Dec 27, 2023 at 08:58 // Price Author Coin Idol Over the past week, cryptocurrencies have continued to soar as they have broken through all resistance levels. Altcoin price Analysis by Coinidol.com. Altcoins are expected to continue rising as Bitcoin attempts to break above the $45,000 resistance level. Sei The price of Sei (SEI) is rising as it recovers above the moving average lines. The cryptocurrency was previously trading above the moving average lines before falling below them. Today, it resumed its bullish momentum by crossing above the 21-day simple

A closely followed crypto strategist believes that one Ethereum (ETH) rival that’s up more than 11x this year will witness more gains in 2024. Pseudonymous analyst Altcoin Sherpa tells his 202,400 followers on the social media platform X that he’s looking at the chart of Solana (SOL) against Ethereum (SOL/ETH). According to the crypto strategist, SOL/ETH looks bullish after erasing all of its bear market losses in just a few months. “Solana hyper bullish going into 2024, going to just hold my bag.”  Source: Altcoin Sherpa/X As for SOL against the US dollar, the analyst shares a chart that shows $135 as the next trouble area for the red-hot altcoin. “SOL : there is no second best. Something like $100 would be a good dip buy spot.” Source: Altcoin Sherpa/X At time of writing, SOL is trading for $119.55, up over 1,000% since it opened the year at $9.99. Another crypto project on the trader’s list is the new layer-1 blockchain Sei (SEI). According to the analys

A closely followed crypto strategist thinks that one Ethereum (ETH) rival that’s flying under the radar will see a big spike in market capitalization. Pseudonymous analyst The Crypto Dog tells his 750,500 followers on the social media platform X that the smart contract platform Near (NEAR) is currently trading below its fair value. According to the crypto trader, Near has the fundamentals to compete for a spot in the 10 largest digital assets by market cap list. “Was targeting ~$3 but starting to think NEAR won’t dip any further. Still incredibly undervalued, a contender for the top 10. Strong tech and well capitalized, it just needs a narrative and some retail FOMO (fear of missing out). A pump encourages both.”  Source: The Crypto Dog/X At time of writing, NEAR is the 24th-largest crypto by market cap and is trading at $3.75. As for his price target for the altcoin, The Crypto Dog thinks that it is within the realm of possibility for NEAR to rally by over

Cryptocurrency exchange MEXC has commented on rumors about the deleted X account @MEXC_CEO. On Dec. 24, MEXC wrote a post addressing the recent “ confusion ” over the sudden deletion of the MEXC_CEO account , which some users believed belonged to the company’s CEO, John Chen Ju. Clarification on the recent MEXC_CEO Twitter Account Confusion Recently, there have been rumors on social media about the MEXC_CEO Twitter account. We sorry for any confusion caused by this incident and would like to clarify the following: Timeline of MEXC CEO's account: In… pic.twitter.com/xnwxylMEYy — MEXC (@MEXC_Official) December 24, 2023 However, company representatives noted that John Chen Ju left in July 2022, and since then, the person associated with the account no longer has any connection with the MEXC official. However, exchange representatives admitted they could have made a specific statement, leading to widespread misunderstanding and confusion. MEXC never has an official CEO account.

Optimism (OP) witnessed a 10% price increase and an over 50% rise on the daily and weekly timeframes, respectively. The spike is underscored by growth in user activity, plus strategic collaborations with Lisk and Gelato, as well as a solid position as the second-largest Ethereum layer-2 network.  According to recent data compiled by IntoTheBlock, the Optimism L2 blockchain now boasts over 5.9 million addresses with a balance — a substantial 391% increase from January’s 1.2 million. This growth reflects a growing interest in Optimism’s decentralized ecosystem, driven by the Optimism Collective’s experiment in digital democratic governance. What a year for @Optimism! The network currently counts over 5.9 million addresses with a balance, up 391% from 1.2 million in January! https://t.co/b6bBM1Qd6z pic.twitter.com/58gPngqEk3 — IntoTheBlock (@intotheblock) December 21, 2023 You might also like: Top crypto gainers: Optimism, Oasis Network, Arbitrum By Dec. 22, the total nu

VeChain (VET) has had quite a lucrative year in 2023. Since January, the asset is up by more than 133%. VET is currently up by 17.4% in the weekly charts, 39.3% in the 14-day charts, and over 75% in the last month. Source: CoinGecko Also Read: VeChain Christmas Price Prediction, How High Can VET Go? VET is a supply-chain-based project that is involved in a variety of initiatives. The project introduced the HiVe event, which garnered significant attention in the crypto space. Moreover, the team unveiled a new whitepaper for the VET 3.0 protocol in March this year. How to be a millionaire when VeChain (VET) hits $0.1? Source: Zipmex To have a million dollars worth of VET at $0.1, you would need 10,000,000 (10 million) tokens. The price of 10 million VET right now is about $350,000. The price rise would translate to a growth of over 185%. Also Read: VeChain (VET) Predicted to Rally 185%, Hit $0.077: Here is When However, the question now is whether VET can rally a

Bitfinex analysts have published a new answer about the state of the crypto currency market . The Bitfinex Alpha report contains a forecast for 2024. In it, experts remain optimistic about the prospects for Bitcoin (BTC) and other crypto assets in general. They estimate that the market capitalization of the cryptocurrency sector could increase to $3.2 trillion next year. “Looking ahead to 2024, and contingent upon market conditions, we anticipate that the number of global crypto currency owners could escalate to between 850 and 950 million (from 575 million currently).” Bitfinex Alpha report Regarding the Crypto Fear and Greed Index, experts predict “extreme greed” sentiment in 2024, which will correlate with new BTC highs in the middle of the bull market. Source: Glassnode Additionally, as institutional investors increase their exposure to crypto assets, catalyzed by the long-awaited spot Bitcoin ETF, there could be some capital shift into higher-risk crypto assets next

Shiba Inu (SHIB) recently revealed a collaboration with D3 Global to launch its top-level domain (TLD). Despite this innovative move aimed at strengthening its presence in the mainstream, the value of SHIB remains in a downtrend. Experts are hoping to see a bull run in the crypto market entering the new year, with this announcement hopefully pushing Shiba Inu specifically. The latest collaboration involves cooperation with the Internet Corporation for Assigned Names and Numbers (ICANN), a non-profit organization overseeing various facets of the Internet. The envisioned “.shib” domain seeks to overcome the limitations of existing web3 domains like ‘.crypto’ and ‘.eth,’ which face challenges in seamlessly integrating with essential internet tools such as web browsers and email due to their non-operation on the Domain Name System (DNS). Source: WatcherGuru Also Read: Shiba Inu Domain Ambitions with D3 Face Price Headwinds After the announcement, Shiba Inu remained down o

HashKey has announced the opening of support for 24 crypto exchanges. From January 1, 2024, HashKey will accept single crypto deposits of less than 8,000 HKD from the listed exchanges. HashKey’s guidelines include that users must meet regulatory-related Travel Rule rules. Hong Kong-based compliance exchange HashKey has announced opening support for 24 crypto exchanges, including Binance, Coinbase, Bitfinex, Gemini, Bitstamp, and others. Starting January 1, 2024, the compliance exchange will accept single crypto deposits of less than 8,000 HKD from the listed crypto exchanges. In an earlier publication, HashKey released the guidelines for third-party deposits on its platform. Such deposits can come from approved crypto exchanges on the recently released list. The initial condition for the deposits is that users must meet regulatory-related Travel Rule rules. While single deposits of less than 8,000 HKD can be used to meet the 24 exchanges designated by the

An unknown crypto trader is seeing astronomical gains after holding a new meme token for just a couple of weeks. On-chain data tracker Lookonchain says that the trader spent less than $500 to acquire a stack of Coq Inu (COQ), a memecoin running on the Avalanche (AVAX) network. According to Lookonchain, the entity in question used the Avalanche-based decentralized exchange (DEX) Trader Joe to swap his AVAX trove for trillions of COQ on December 7th. At the time, COQ was trading at around $0.0000000925. The trader subsequently traded most of his COQ stack for AVAX and stablecoin USDC while the meme token was in the midst of a parabolic rally – bagging millions of dollars worth of crypto in the process. “A trader turned $454 into $2.19 million in two weeks by trading COQ, a gain of 4,827x! This trader spent 17.26 AVAX ($454) to buy 4.86 trillion COQ through seven addresses, then sold 4.61 trillion COQ for 32,251 AVAX ($1.26 million) and 259,000 USDC. Currently ho

An independently verifiable audit confirmed that Bybit’s cryptocurrency reserves range from 100% to 124% of what is owed to customers. Cryptocurrency exchange Bybit has expanded its proof -of -reserves audit to include 32 different cryptocurrencies, according to a Dec. 20 press release. This audit verifies that Bybit’s reserves match or exceed the assets held by customers on the exchange. The audit affirmed that Bybit’s cryptocurrency reserves range from 100% to 124% of the balance owed to customers. This indicates that the exchange holds sufficient collateral to back all assets under management. You might also like: OKX celebrates 1 year anniversary of proof of reserves Bybit utilizes a multi-tier wallet system comprising cold, warm, and hot wallets to securely store digital assets. The exchange has partnered with cryptocurrency custodians Fireblocks and Copper to reinforce asset protection protocols. The expanded proof-of-reserves aligns with Bybit’s focus on transp

The head of the crypto currency exchange Coinbase, Brian Armstrong, criticized U.S. senators Roger Marshall and Elizabeth Warren over their controversial anti- crypto bill. The Chamber of Digital Commerce, the world’s leading blockchain trade association, shared a post exposing Senator Marshall and Warren’s attempt to influence the American Bankers Association to support them in drafting the Digital Asset Anti-Laundering Act. Armstrong commented on this statement, pointing out that opposing crypto currencies is truly “a bad political strategy in 2024.” Senators Warren and Marshall now lobbying for big banks Being anti- crypto is a really bad political strategy going into 2024 * 52m Americans have used crypto * 38% of young people say crypto can increase economic opportunities * just 9% of Americans satisfied with the… https://t.co/diawa3LOX5 — Brian Armstrong ️ (@brian_armstrong) December 19, 2023 “Senators Warren and Marshall are now lobbying for big banks.” Brian Arms

KuCoin, a global cryptocurrency exchange, and Biis, a BRC20 tool aggregator, have announced a partnership to improve how users interact with BRC tokens. According to the Dec. 18 announcement, Biis, a versatile tool aggregator within the BTC ecosystem, provides Features such as batch distribution, collection, and cross-chain tools, facilitating digital asset management and improving efficiency for BRC20, 420, 721, and 100 operations.  KuCoin Labs Announces Its Strategic Partnership with Biis, an Innovative BRC20 Tool Aggregator, to Further Support the Development of BTC Ecosystem – https://t.co/R4I8w7WEKl — KuCoin Labs (@KCLabsOfficial) December 19, 2023 Incorporating the Ordinals protocol enhances security and convenience for developers and users, emphasizing a user-friendly and secure platform that simplifies interactions with various blockchain tools and services. You might also like: KuCoin to exit New York in $22m settlement Through the collaboration with KuCoin La

Bitcoin ($BTC) jumped 5% to above $43k on Tuesday as markets reacted to news around BlackRock’s spot Bitcoin ETF filing. An analyst says the latest amendment to BlackRock’s proposal means an approval is as good as done. Positive sentiment has altcoins also bouncing higher, and Pullix ($PLX) looks poised as presale surpasses $800k. Bitcoin ($ BTC ) bounced higher on Monday after the weekend’s retreat to below $41k, with the market’s reaction to the latest spot Bitcoin ETF news lifting altcoins. Elsewhere in the market, the Pullix ($PLX) presale accelerated as stage 3 surpassed the $800k raised mark. What does the highly anticipated ETF approval mean for the crypto market? Could $PLX benefit from this? Bloomberg’s Eric Balchunas says spot Bitcoin ETF “debate over” On Monday, BlackRock filed an amended S-1 application for its spot Bitcoin ETF proposal. Instead of its earlier version’s in-kind redemption model, the world’s largest asset manager is looking a