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Whales amass millions of XRP, fueling intrigue in Ripple’s remittance token. XRP Healthcare expands into Dubai, showcasing blockchain’s healthcare potential. XRP price surges over 6%, with the trading volume increasing by 145%, signaling investor confidence. Recently,  Whale Alert, a cryptocurrency tracking platform, reported a colossal transfer of 30 million XRP tokens from Bybit to an anonymous wallet. This significant transaction, recorded on October 31, is not an isolated event. Within the same time frame, the platform noted another substantial movement of 25.30 million XRP tokens, approximated at $14.68 million, which came from an unidentified wallet to Bitstamp. JUST IN: Ripple moves millions of XRP to Bitstamp — Whale (@WhaleChart) October 31, 2023 Interestingly, whispers in the crypto corridors suggest a possible connection between one of these anonymous wallets and Ripple Labs. These back-to-back transactions highlight a prevai...

Glassnode data showed close to 40 million Bitcoin wallet addresses were in profit. The figure marked an all-time high, surpassing levels last seen during the 2021 bull market.  Addresses currently holding at a loss hover around 9 million, a decrease from the 20 million seen last December. Following the recent upward trend in the world’s largest cryptocurrency, Bitcoin, Glassnote data shows the number of Bitcoin wallet addresses holding the digital asset profitably has also increased.  Indeed, the latest data from the on-chain analytics firm revealed that nearly 40 million Bitcoin addresses were in profit. This sudden rise came on the back of a recent market rally that took Bitcoin’s price as high as $35,000.  Bitcoin wallet addresses in profit chart. Source: Glassnode The recent spike marked the highest amount of Bitcoin wallet addresses in profit, surpassing the 38.1 million recorded during the 2021 bull market. More so, the spike is coming a...

The CEO of Dutch cryptocurrency exchange Bitvavo believes market dynamics will cater to the potential skyrocketing demand for Bitcoin in 2024. Supply and demand dynamics could mitigate concerns of a potential Bitcoin market supply shock during the upcoming mining reward halving in 2024, according to Bitvavo CEO Mark Nuvelstijn. The co-founder of the Netherlands-based cryptocurrency exchange weighed in on Bitcoin-related market movements in conversation with Cointelegraph during the European Blockchain Convention held in Barcelona. Related: There are now nearly 40M Bitcoin addresses in profit — A new record Nuvelstijn expressed his belief that exchanges would likely have sufficient Bitcoin supply to meet the demand from users: “If there’s more demand the price will increase, and it will keep increasing until there’s a match between price and demand.” The Bitvavo CEO added that the potential booming demand for Bitcoin would lead to increasing prices until demand cools and prices st...

The anticipation of a spot Bitcoin (BTC) ETF (Exchange Traded Fund) approval in the U.S. is one of the drivers of the recent crypto market surge. However, analysts expect a spot Ethereum (ETH) ETF to follow closely behind a spot Bitcoin (BTC) ETF. According to Raoul Pal, the spot Bitcoin and Ethereum ETFs are some of the most significant developments in the industry. The macro economy expert anticipates the spot BTC and ETH ETF to behave like a halving event. The expert does not expect a price surge instantly but in a gradual manner. Also Read: Over $4.5B Worth of Bitcoin and Ethereum Options Set to Expire According to Pal, “The ETH spot ETF will happen as well; of course, it’ll be later; as soon as the Bitcoin one is done, they’ll front run it by going to the ETH one because they know that’s the next one.” Pal further added, “The Bitcoin ETF, I don’t think of the as a one-off event. People think of it as this liquidity injection into the crypto economy, and I’m s...

The top cryptocurrencies are showing bullish strength once again, with the Bitcoin price today trading near the $34.7k price mark. Experts believe that BTC is set to make a new local high and could be priced as high as $37k by the end of the week.  Altcoins such as Ethereum, Solana and XRP are also mirroring Bitcoin’s bullish trend.  Meme coins are also pumping, particularly Pepe which remains strongly correlated with Bitcoin. According to CoinMarketCap , the meme coin market cap has increased by over 1% over the past day, along with trading volume increase of over 15%. While Pepe ($PEPE) and Floki ($FLOKI) have led the pack and risen 3% over the past 24 hours, experts predict that Shiba Inu will likely be the next meme token to break out.  Shiba Inu Price Predictions From Traders According to popular trader @army_shiba , the second-largest meme coin is displaying a strong uptrend. He also notes that Shiba Inu has breached the daily downtrend resistance,...

VanEck’s updated prospectus for a proposed Bitcoin spot ETF contains seed funding language similar to BlackRock’s filing. VanEck suggests using actual Bitcoin for seed funding, unlike BlackRock’s cash-based approach. Seed funding involves financial institutions contributing capital to purchase ETF underlying assets in exchange for tradable shares, providing initial liquidity. According to lawyer Scott Johnsson, the updated prospectus for VanEck’s proposed Bitcoin spot ETF contains seed funding language similar to BlackRock’s filing. However, instead of using cash for seed funding, VanEck recommends using actual bitcoin. Lawyer Scott Johnsson said the wording on seed funding in VanEck’s updated Bitcoin spot ETF prospectus was similar to BlackRock’s. But instead of using cash as seed funding like iShares, it is recommended to use Bitcoin as seed funding. Seed funding is when banks and brokerages… — Wu Blockchain (@WuBlockchai...

Oct 29, 2023 at 09:06 // Price Author Coin Idol The latest price Analysis by Coinidol.com report, the price of Dogecoin (DOGE) has increased after rising above the moving average lines and the $0.64 resistance level. Dogecoin price long-term forecast: bullish The upward momentum reached a high of $0.075 before retreating on October 26. The altcoin retreated to a low of $0.067 before resuming its uptrend. The uptrend temporarily held at a high of $0.073. The price indication suggested that the cryptocurrency would continue to rise. A retraced candlestick ...

In a legal showdown that unfolded within the courtrooms of the Southern District of New York Bankruptcy Court on October 27, cryptocurrency exchange Gemini launched an adversary proceeding against the bankrupt crypto lender, Genesis Global Holdco. The battle revolves around the destiny of a substantial 62,086,586 shares of Grayscale Bitcoin Trust (GBTC), which were initially deployed as collateral to secure loans granted to Genesis through the Gemini Earn Program, supported by a staggering 232,000 Gemini users. As of the present day, the assessed worth of this collateral stands close to a staggering $1.6 billion. The lawsuit contends that Gemini successfully acquired $284.3 million by executing a foreclosure on this collateral, with the intention of distributing these funds for the benefit of the Earn users. However, Genesis has vehemently opposed these actions, effectively impeding Gemini from dispersing the accumulated proceeds. Genesis, in its defense, has proposed an alternative ...

Bitcoin is taking a breather after this week’s strong rally, but select altcoins may be getting ready to breakout over the next few days. Bitcoin (BTC) has been trading above $33,600 for the past two days, indicating that the bulls are not rushing to the exit. After a sharp rally, if the price does not give up much ground, it may cause FOMO and ignite another round of buying. That could push the markets further into overbought territory. However, such rallies are rarely sustainable. They eventually turn down and retest the breakout levels. Hence, Bitcoin’s drop to $32,000 can not be ruled out. The rally of the past few days pushed Bitcoin’s dominance to 54%, its highest level in 30 months. The rise in market dominance shows that Bitcoin is leading the charge higher, which is a positive sign. This suggests that traders are favorably viewing the cryptocurrency space and select altcoins may join the party soon. Daily cryptocurrency market performance. Source: Coin360 Veteran trader Peter...

The Bill focuses on customer protection, regulatory obligations, and industry self-regulation. Major crypto exchanges in Taiwan had previously formed the Taiwan Virtual Asset Platform and Transaction Business Association. Taiwan’s Financial Supervisory Commission (FSC) also recently issued industry guidelines for VASPs. In a recent move to enhance oversight and customer protection in the cryptocurrency industry, Taiwanese legislators introduced the Virtual Asset Management Bill to the unicameral parliament , the Legislative Yuan, on October 25, 2023. The bill aims to establish clear guidelines for virtual asset service providers (VASPs) while fostering industry growth. Key provisions of the bill The 30-page bill outlines several important provisions: Customer Protection: The bill emphasizes the need for better customer protection within the cryptocurrency industry. It requires virtual asset service providers to separate customer funds from their re...

Google searches relating to purchasing Bitcoin have spiked worldwide following a significant rally in the price of BTC. Google search es for “buy Bitcoin” have surge d worldwide amid a major crypto rally, with search es in the United Kingdom growing by more than 800% in the last week. According to re search from Cryptogambling.tv, the search term “buy Bitcoin” spiked a staggering 826% in the U.K. over the course of the seven days. Global search terms related to purchasing Bitcoin have surged worldwide. Source: Google Trends “The remarkable surge in 'buy Bitcoin' searches in the UK, combined with the cryptocurrency's resurgence, underscores the growing interest and potential impact of traditional financial institutions' involvement in the world of digital assets,” said a spokesperson from Cryptogambling.tv. While users in the U.K. led the pack, there was also a noticeable increase in search es relating to purchasing Bitcoin from web users across the globe. According t...

In the realm of cryptocurrency , the growing optimism surrounding the approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC) is becoming increasingly evident. JPMorgan’s recent research report about Bitcoin highlights this positive sentiment. However, it captured the attention of the cryptocurrency community, with significant potential implications stemming from this impending approval. This heightened enthusiasm regarding the ETF’s green light is not merely speculative. It finds substantial support in Bitcoin’s exceptional performance compared to other digital assets. This trend has gained momentum in recent times. JPMorgan’s Bitcoin research report underscores the notion that the recent upswing in the king coin’s value is, in large part, driven by institutional involvement. This shift marks a departure from the retail investor-driven rallies observed in previous quarters. The evidence for this...

US Securities and Exchange Commission (SEC) Chairman Gary Gensler has said that the SEC has 8–10 spot Bitcoin ETF filings in front of the commission. Indeed, the agency is currently reviewing these applications, as it could potentially issue the first approval in the history of the United States. Gensler has been noted for his rather tumultuous relationship with the digital asset sec tor. Indeed, the chairman had recently issued a rather stern remark about the industry speaking before the 2023 Securities Enforcement Forum. There, he commented, “Don’t get me started on crypto.” JUST IN: 🇺🇸 SEC Chair Gary Gensler says the SEC has 8-10 filings on #Bitcoin ETFs in front of the commission. — Watcher.Guru (@WatcherGuru) October 26, 2023 Also Read: Gary Gensler Says SEC is ‘Doing Work’ on Bitcoin ETF Filings SEC Chair Says 8–10 Bitcoin ETF Filings Are in Front of the Commission For much of this year, the digital as...

Ethereum-based Memecoin has no roadmap or utility, but this has not stopped investors from buying it. Memecoin (MEME), an ERC-20 token launched by the team that worked on 9GAG, has raised more than $11 million in just a few hours, shortly after a waitlist-only sale started. The Memecoin fire sale page says over 11.4 billion MEME tokens valued at $0.001 have been sold, representing a 150% surge from what the team initially planned. The MEME fire sale webpage | Source: memecoin.org What is Memecoin MEME is a token made by a web3 startup called Memeland, which basically has “no promise” or utility. According to the token’s whitepaper, MEME “has no functions, no utility and no intrinsic value, no promise or expectation of any financial return, profit, interest or dividend.” The team also pointed out that MEME does not represent “any entitlement to any voting rights” regarding the Memeland ecosystem. While the developers emphasize ...

The crypto analytics firm Santiment says that whales are showing significant interest in a red-hot Ethereum (ETH)-based Chainlink (LINK) rival. The native asset of decentralized oracle protocol Tellor (TRB) clocked 51 unique $100,000+ transactions on Monday, a new all-time high. TRB is trading at $91.66 at time of writing, up from around $9.83 two months ago, a staggering increase of more than 832%. Despite the massive gains, however, the asset remains more than 43% down from its all-time high of $161.12, which it hit in May 2021. Santiment also notes that TRB’s unique active addresses and newly created addresses are both surging. “Tellor’s price has now jumped ~+750% since July, and whales are showing more interest than ever before while new addresses continue to pour in. TRB is now the #192 market cap asset (and rising) as it leads the altcoin charge here in October.” Source: Santiment / X Additionally, the analytics firm notes that LI...

Mina is up nearly 85% over the last seven days amid the recent listing on UpBit against the Korean won. Mina (MINA) is now trading at $0.6712 after seeing a nearly 85% increase over the last seven days. It doubled its value yesterday on news that UpBit listed the token against the Korean Won. MINA price in seven days | Source: CoinMarketCap What is Mina and why is it surging lately Mina is an L1 blockchain based on zero-knowledge proofs (ZKP) with smart contracts written in TypeScript. It has been dubbed as the first cryptocurrency protocol with a succinct blockchain, coming in at just 22 kilobytes in size. You might also like: Zero-knowledge proofs explained: Proving you know a secret without sharing it Mina’s key innovation is using zero-knowledge proofs to build a blockchain architecture that does not accumulate data over time, like Bitcoin (BTC) and Ethereum (ETH). The Mina blockchain always remains 22 kilobytes. Verifying the current consensus state is pos...

The SEC’s charges for the world’s largest asset manager came on the same day as a DTCC listing of its spot Bitcoin ETF was spotted; however, a spokesperson from DTCC confirmed that the listing has been there since August. The United States Securities and Exchange Commission has fined investment adviser BlackRock Advisors $2.5 million, accusing it of failing to accurately describe investments in the entertainment industry that comprised a significant portion of a publicly traded fund it managed. According to the SEC’s filing, between 2015 and 2019, BlackRock Multi-Sector Income Trust (BIT) made sizeable investment s in a print and advertising business called Aviron Group that worked on one to two films annually through a loan facility. The SEC alleged that BlackRock incorrectly referred to Aviron as a company that provided “Diversified Financial Services” in a number of BIT’s annual and semi-annual reports that were made available to investors publicly. The SEC also alleged that BlackR...

BlackRock’s Bitcoin ETF listing staged a sudden reappearance on the DTCC’s website after disappearing for a few hours. The ticker for BlackRock's spot Bitcoin (BTC) exchange-traded fund (ETF) IBTC has reappeared on the Depository Trust and Clearing Corporation’s (DTCC) website after disappearing for a few hours. The price of Bitcoin surged to new yearly highs following the Oct. 23 surprise appearance of IBTC on the website with markets frenzied over the sign of a potential soon-to-come spot ETF approval. When the ticker quietly disappeared from the site a few hours later, Bitcoin‘s price slumped nearly 3%, indicating that much of the trading activity seems to be hinged on watching ETF-related developments. BlackRock’s iShares IBTC ETF is back on the DTCC's site. Source: DTCC Senior Bloomberg ETF analyst Eric Balchunas pointed out the drama around the IBTC listing seemed to be responsible for briefly crashing the DTCC website. Looks like the DTCC website has crashed pic.twitter...