Bitcoin News Daily Official TheBitTimes.com

A bearish sentiment is dominating two cryptocurrencies with an increased number of short positions recently opened. If sentiment shifts, short squeezes might become likely events for the next hours or days. Particularly, the two mentioned crypto currencies are Filecoin (FIL) and Uniswap (UNI), with relevant open interest from short-sellers. In order to evaluate the short squeeze risk and opportunity, Finbold gathered derivative market data from CoinGlass on November 30. Notably, their volume is heavily weighted toward shorts over long positions in both the 12 and 24-hour time frames. Short squeeze alert for Filecoin (FIL) In the last 12 hours, Filecoin registered $53.44 million in long positions and $61.49 million in short positions (53.5%). The 24-hour time frame shows a similar weight of $102.32 million shorts (53.52%) over the $88.87 million longs. FIL Long/Short ratio on 12 and 24 hours. Source: CoinGlass Cryptocurrency Short squeeze alert for November 29: Two

Bitcoin mining group AntPool announced Monday it will issue a refund of over $3 million accidentally paid in transaction fees last week—the largest on record—but only once additional proof surfaces to confirm the rightful owner. In a statement, AntPool advised the entity behind the exorbitant 83.65 BTC fee worth $3.1 million at current prices to contact the mining pool by December 10th. Follow-up identity verification would set the stage for repayment of the errant funds. The abnormal payment occurred on November 23rd as part of a transaction initially transferring 139 BTC, later dwarfed by associated costs. AntPool at the time withheld dispersal pending an internal risk review of the conspicuous sum. Also read: Paxos Secures Approvals for Stablecoin Issuance in Abu Dhabi Observers speculated whether it was a Bitcoin coding mishap Observers speculated whether the event reflected a coding mishap, unauthorized wallet access leading to theft, or even a sophisticated hacking at

Trust Wallet announced a disruption to its Bitcoin services caused by a surge in BTC transactions.   The wallet service provider said users may experience slow or failed Bitcoin transactions.  The increased BTC trade volume comes on the back of a market resurgence driven by ETF speculations. Trust Wallet, the self-custody crypto wallet provider, announced disruptions to its Bitcoin services and warned users may experience failed trans action s following a surge in activity on the Bitcoin blockchain.  In a post shared on X, Trust Wallet said the company is experiencing a BTC node issue caused by an increase in trans action s per block on the Bitcoin network. As a result, there is mounting pressure on the nodes, which has caused instability across providers.  Furthermore, the announcement said users might experience missing trans action history for the Bitcoin-blockbook chain for up to 6 hours. In addition, Trust Wallet said some other users may see failed

Sei Labs introduced version 2 upgrades for its Sei L1 network which includes support for Ethereum Virtual Machine (EVM) by adding Geth, a popular Ethereum programming language. Layer-1 blockchain Sei plans to provide support for EVM which would allow developers to migrate existing Ethereum-powered smart contacts to the platform and build decentralized applications (dapps) compatible with the Ethereum standard on Sei.  Sei v2: Parallelizing the Ethereum Execution Environment Sei v2 is poised to become the first parallelized EVM blockchain. This major proposed update from Sei Labs aims to deploy a backward compatible Ethereum execution environment integrated into Sei’s core binary, inheriting… pic.twitter.com/6bfYeVsBLX — Sei (@SeiNetwork) November 29, 2023 You might also like: SEI token surges 35%, reaching new all-time high The network, said to be designed for swift and cheap crypto trading, will add EVM compatibility by onboarding Geth, a popular Ethereum software wid

In a notable development within the cryptocurrency market, Bitcoin spot exchange-traded funds (ETFs) in the United States are now on the brink of potential simultaneous approvals in January. Analysts posit that the recent decision by the Securities and Exchange Commission (SEC) to postpone the considerations for Franklin Templeton and Hashdex ETFs has effectively paved the way for a smooth approval process. Strategic Maneuvers by the SEC Bloomberg ETF analyst James Seyffart decided to shed light on the SEC’s strategic moves. He emphasized that the SEC’s delay in deciding on the ETF applications occurred 34 days prior to the decision deadline of Jan. 1, 2024. The SEC has called for comments on forms submitted by Templeton and Hashdex, forms crucial for the ETFs to secure listing and commence trading. The designated comment and rebuttal period is set to last 35 days. Seyffart and colleague Eric Balchunas had previously assigned a 90% likelihood of spot Bitcoin ETF approvals by Jan

The IOTA Ecosystem DLT Foundation is the first to receive approval from regulators in Abu Dhabi after its financial authority passed a new, related law earlier in the month. The open-source blockchain developer IOTA announced on Nov. 29 that it is launching a foundation , the IOTA Ecosystem DLT Foundation, based in Abu Dhabi to focus on the growth of its distributed ledger technology (DLT) in the Middle East region. According to the announcement, the new foundation will be supported by $100 million IOTA digital tokens, which will be vested throughout the course of the next four years. One of the primary goals of the foundation is to push for accelerated growth of its DLT and “convert real-world assets into digital ones” according to the company’s co-founder and chairman Dominik Schiener. "The market right now is being reshuffled so we have a big opportunity to position ourselves by focusing on onboarding institutions, offering them to work on-chain because now it's more

Whale Alert spotted a transfer of 32,078,901 XRP to Bithumb from an unknown wallet. The transaction happened at 05:15:10 UTC on Wednesday, November 29, according to Whale Alert. TradingView data shows XRP is approaching a breakout from a symmetrical triangle on the daily chart. Whale Alert, blockchain tracker and analytics system for reporting whale crypto transactions, reported that an XRP holder recently transferred 32,078,901 XRP, equivalent to $19,557,285, from an unknown wallet to the Bithumb crypto exchange. Transactions of such magnitude are considered whale transactions and are usually suspected to be intentional. 32,078,901 #XRP (19,557,285 USD) transferred from unknown wallet to #Bithumbhttps://t.co/LpM9fKhvZW — Whale Alert (@whale_alert) November 29, 2023 Notably, the transaction’s details on Whale Alert’s platform show it happened at 05:15:10 UTC on Wednesday, November 29. At the time, the XRP/USD price reflected minimal volatility as it t

A spot Bitcoin ETF will bring fresh money to the market, but it will not change a fundamental reality: Bitcoin liquidity is declining. The Chicago Mercantile Exchange (CME) has long been the home of crypto for traditional finance investors, and this is unlikely to change — even with the approval of a Bitcoin spot ETF. Activity on the CME has expanded significantly over the past 12 months. The CME now sees more Bitcoin (BTC) futures trading than the world’s biggest crypto exchange, Binance. Open BTC interest on the CME now makes up 24.7% of the entire market, making it the top Bitcoin futures trading venue in the world  While some of this activity is almost certainly linked to anticipation of approval for a spot ETF, the launch of one or more will not lead to a reduction of activity in the futures market. In fact, futures trading is likely to expand rather than contract when the SEC finally gives BlackRock et. al. the green light. Related: History tells us we’re in for a strong bull m

USDT’s market cap climbed to new highs during November 2023 as tokens in the broader crypto ecosystem and defi recorded price sprints due to significant cash inflows. Tether’s USDT, crypto’s largest stablecoin, achieved an all-time high of $89 billion on the back of increased minting activity by the digital asset payments giant since late October 2023 according to Arkham Intelligence, an on-chain analytics provider. USDT’s market cap grew by $4.5 billion in 30 days with the lion’s share of this new supply minted on Tron, the cryptocurrency network created by HTX advisor and Poloniex founder Justin Sun. Tether minted $3 billion on Sun’s blockchain.  Additionally, the Kraken deposit wallet ‘TQef1’ received $2.5 billion, while $400 million of these new Tether tokens were created within a week. gm In the past month, USDT supply has grown by $4.5B with $3B USDT minted on Tron. $2.5B of that has been minted to a single Kraken Deposit address, TQef1. In the past week alone, they’ve mi

Sentiment has been majorly bullish around XRP Ledger (XRP) and Ripple. With the expectation of a bull market by 2025, investors have started to look for confirmation of their thesis through price predictions. It is important to understand that predicting prices in such a volatile and fast-changing market like crypto is challenging. Most analysts will miss their forecasts by a relevant margin, and investors must always review their projections. The longer the time frame, the easier it is to be wrong. In this context, Finbold turned to tools and reported projections to present a conservative XRP price prediction for late 2025. XRP bullish case for late 2025 Notably, two different Artificial Intelligence (AI) predictions agree with an average price of $1.25 per XRP for late 2025.  Cryptocurrency Ripple CEO ‘in disbelief’ over ex-SEC chief’s crypto claims Cryptocurrency Cardano could hit a new yearly high before end of 2023 Cryptoc

As Christmas approaches, investors often seek opportunities to profit and stabilize. Market analysts have now highlighted four altcoins that investors can watch in the final weeks of 2023: Galaxy Fox (GFOX), Injective (INJ), Aave (AAVE), and Quant (QNT).  Galaxy Fox potential Galaxy Fox, a newcomer to the crypto market , has already garnered attention for its ecosystem.  At the heart of Galaxy Fox lies its web3 runner game. Weekly and monthly gaming seasons are held, with 20% of the top leaderboard players receiving 50% of the prize pool at the end of each season. This prize pool is generated from in-game asset purchases, including attributes, digital accessories, boosters, and more. The remaining 50% of the prize pool is allocated to the treasury to support the project’s ongoing growth. Staking offers another avenue for generating income from GFOX. The team will allocate 2% of each transaction to a reward pool called Stargate. These funds will then be distributed to those who loc

Japanese firm CGV invests $5 million in the newly launched Layer 2 solution Blast network . The Japanese cryptocurrency investment firm CGV announced it has invested $5 million in the Blast network . This investment is part of a collaborative effort to further the development of this Layer 2 solution. Blast has garnered significant attention in the venture capital world, with heavyweights like Paradigm, Standard Crypto and Mechanism Capital investing a collective $20 million. The project is spearheaded by Pacman, the founder of Blur, and boasts a team with impressive credentials from MakerDAO, MIT, Yale University and Seoul National University. Blast has reached $570 Million in TVL within 1 week. 63,948 community members are now earning yield (~4% for ETH and 5% for stables) + Blast Points. There's been incredible inbound developer interest since launch. We'll share more for devs soon as we march towards Mainnet! pic.twitter.com/F715z8mpDa — Blast (@Blast_L2) November 27,

A Hong Kong Crypto exchange is being probed by police after users accused the platform of losing around HK$120 million ($15 million) in a series of Crypto scams . According to the South China Morning Post, police began probing the Hounax exchange on Saturday and claimed arrests were coming. The Securities and Futures Commission (SFC) already listed the exchange as suspicious this month after it faked ties between a venture capital firm and a financial institution. So far, 88 reports have been made from 131 alleged victims.  According to the superintendent of Hong Kong’s Commercial Crime Bureau (CCB), “ The scammer impersonated investment experts and lured people to invest in virtual currencies through a virtual asset trading platform with promises of high returns.” Who is Richard Teng, Binance’s new CEO? Read more: Do Kwon granted extradition, but to US or South Korea? They invited victims to social media group chats dedicated to sharing “hot tips.” Here, victims were

The average person who tries to save money is a “loser,” said Kiyosaki while recommending investments in Bitcoin and precious metals. Robert Kiyosaki, the author of the personal finance book Rich Dad Poor Dad, has reiterated his support for assets like Bitcoin (BTC), gold, and silver as inflation threatens to worsen living standards globally. The price of gold recently crossed $2,000 per ounce, marking a steady recovery amid the weakening value of fiat currencies. As a strong supporter of the Bitcoin ecosystem, Kiyosaki recommended his over 2.4 million followers on X (formerly Twitter) to reduce their exposure to fiat currencies, which he called the “fake money system.” Great News Gold reaches new high. Bad News: Workers and savers are losers. Bad News: been saying the same for 25- years. Don’t be a loser. Get out of FAKE money system. Get into gold, silver , Bitcoin now…. Before it’s too late. — Robert Kiyosaki (@theRealKiyosaki) November 26, 2023 The average person who tries to s

Circle and SBI Holdings join together to promote USDC circulation in Japan. The alliance also envisions redefining the financial landscape of Japan with the establishment of a Web3 economy. Circle’s CEO expresses his enthusiasm in the partnership and respect for the chairman of SBI Holdings. USDC issuer Circle has announced its partnered venture with SBI Holdings, the financial services company based in Tokyo, to promote the circulation of USDC and the establishment of Web3 services in Japan. As per a press release, the strategic alliance was initiated with the companies signing a memorandum of understanding (MOU), envisioning redefining the financial landscape of Japan. Jeremy Allaire, the co-founder and CEO of Circle, took to X to share insights on the company’s mission of encouraging “USDC distribution, banking, and Web3 tech proliferation” in the Japanese market. Allaire further reiterated that Circle has the best opportunity to contribute to the flourish

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. A recent landmark report from Elliptic revealed an eye-popping $7 billion in illicit crypto assets has been laundered through cross-chain services. What does that actually mean? Essentially, criminal organizations are utilizing decentralized exchanges, cross-chain bridges, and coin-swapping services to cover up the tracks and origins of funds from illegal sources. You might also like: Staying safe in web3: your guide to dapps security Seven billion of US dollars is a worrisome figure and exposes a clear blind spot in stamping out money laundering through loopholes and processes in decentralized financial frameworks. And if we take Elliptic’s report at face value, it also signals that illicit actors have moved on from crypto mixers to use bridges as a bona fide tool for money laundering and other financial crimes. T

RocketX is a CEX and DEX aggregator that allows for cross-chain trading of hundreds of crypto assets This is enabled through the platform’s application programming interface (API), now available in beta. Integration will allow users to transfer crypto tokens to any dApp, benefitting DeFi, NFT marketplaces and gaming among other ecosystems. RocketX , a cross-chain centralised and decentralised exchange aggregator, has released the beta version of its developer application programming interface (API). With this, the CEX and DEX aggregator is bringing multi- chain crypto swaps to any decentralised applications (dApps) via a single API. Users can tap into the API to trade multiple assets across over 100 block chain s.   RocketX API for crypto swaps into any dApp Using the hybrid aggregator’s API, developers can integrate crypto swaps into any dApp. It will only take a few lines of code for a developer to add multi- chain digital asset transfers to DeFi

Bitcoin (BTC) is currently dominated by bullish sentiments, with the leading cryptocurrency aiming to reclaim the $40,000 spot in pursuit of a new all-time high.  Indeed, a significant portion of the market expresses confidence that Bitcoin is poised to achieve new highs, supported by factors such as the upcoming halving event and the potential rollout of the first spot Bitcoin Exchange-Traded Fund (ETF) in the United States. In this case, crypto analyst CryptoCon shared what he termed ‘the most accurate log regression curves’ for Bitcoin in an X (formerly Twitter) post on November 24. The analysis sheds light on the historical performance of these curves and provides intriguing predictions for the next cycle top, expected in late 2025. Bitcoin price analysis chart. Source: CryptoCon According to the analysis, investors should expect a possible Bitcoin price of about $94,000, a price target he termed conservative. He noted that until now, the crypto community has been in the dark