Author: News Room
All eyes in the crypto community were on bitcoin last night as the asset was expected to finally hit the coveted milestone of $100,000. Although it came just $250 away on most exchanges, BTC failed to do so and has retraced by around a grand. However, Dogecoin has emerged to catch the attention now, with a massive surge that drove it to around $0.48 earlier today – a new 3.5-year peak. The largest meme coin flirted with $0.4 for a couple of days straight but was ultimately kept beneath it by the bears. However, it exploded above it yesterday to…
Intelligent Alpha, which builds AI-powered investment strategies for visionary investors, in an interview with Coindesk, has shared that they have started experimenting with bitcoin. The objective is for AI to set useful targets to trade the world’s top cryptocurrency. AI Predicts Bitcoin To $140,000 The firm relies on a trio of AIs: ChatGPT, Claude, and Gemini, and implements their decisions, even if they sound counter-intuitive. Notably, the models have a great track record so far. While the firm has focused on traditional finance so far and mostly kept away from crypto, Doug Clinton, the CEO noted that he started experimenting…
Bitcoin-based meme coins are seeing renewed interest amid the asset’s record-setting climb, lifting the price of various Runes tokens launched alongside the protocol’s debut this year. Over the past week, the price of DOG•GO•TO•THE•MOON (DOG) has increased 98%, rising to $0.0078 Thursday, according to Magic Eden. With a market capitalization of around $767 million, the asset is among the most widely adopted Runes, with over 95,000 different holders. Developed by the creator of Ordinals, Casey Rodarmor, Runes aims to create an efficient standard for fungible tokens on crypto’s oldest network. Released alongside Bitcoin’s so-called halving in April, the cross-chain NFT…
In an unprecedented event, a dormant Ethereum whale caused a stir across the broader market on Friday, heavily dumping tokens amid the hovering bullish sentiment. Recent data pointed out that the whale dumped nearly $224 million worth of tokens, raising price drop concerns among crypto enthusiasts globally. Despite that, ETH price soared today, setting off waves of speculation over future movements across the industry. Read the full article here
Popular crypto trader known by the nickname “DonAlt” recently shared an updated outlook on the price performance of two of the most hyped alternative cryptocurrencies right now: Dogecoin (DOGE) and XRP. These two popular cryptocurrencies have gained over 140% each since at least the beginning of the month, and despite already having tens of billions of dollars in assets, have emerged as the biggest winners in the altcoin space as Bitcoin updates historic highs almost daily. However, DOGE and XRP do not go “band for band” in their price performance, as, for example, the latter gained 37% more in the…
Another Democratic commissioner on the Securities and Exchange Commission is following Chair Gary Gensler out the door in January, leaving the agency with a Republican majority as it weighs a likely course shift under the new administration of President-elect Donald Trump. Commissioner Jaime Lizárraga is leaving January 17, he said in a Friday statement, which could give Republicans a head start on what could otherwise have been months of delay in redirecting the regulator’s policies — including on cryptocurrency. At this point, Caroline Crenshaw will be the sole Democrat on the five-member commission going into 2025, and her term has…
Binance expands its compliance team to meet the growing needs of the crypto industry and its user base. Compliance Remains Vital for Binance By the end of the year, Binance, one of the world’s largest cryptocurrency exchanges, plans to have 645 full-time compliance staff members—a 34% increase from November 2023—as it continues to expand its […] Read the full article here
The art world appears to have moved over Picasso. There’s a new muse in town: a banana duct-taped to a wall. Crypto entrepreneur and Tron founder Justin Sun recently splashed a jaw-dropping $6.2 million at Sotheby’s New York for “Comedian,” Maurizio Cattelan’s viral “artwork” consisting of…well, a banana and some duct tape. And in true Justin Sun fashion, he plans to eat it. “This is not just an artwork,” Sun declared on X “It represents a cultural phenomenon that bridges art, memes, and the crypto community.” Evidently, nothing screams cultural phenomenon quite like paying the price of a New York…
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Gary Gensler, whose hard line on crypto has been a stuff for nightmares for both industry execs and ordinary bagholders alike, is gone at last—and bullish momentum is already in full force. XRP, which has been the subject of a heated legal dispute between its issuer Ripple and the SEC since December 2020, seems to be the biggest beneficiary of Gensler’s departure. The lawsuit, brought under the tenure of Trump’s nominee Jay Clayton and kept alive under Gensler, alleged that Ripple’s sales of XRP constituted unregistered securities offerings and sought a $1 billion penalty for the company. Since then, Ripple…