Author: News Room

XRP experienced a massive price explosion, soaring past $1.40 shortly after U.S. SEC Chair Gary Gensler confirmed his resignation. In a startling development, Gensler announced he will be stepping down from his role as U.S. SEC Chair on January 20, 2025. This coincides with the date Donald Trump will assume office as the 47th U.S. president. With Trump planning to fire Gensler on the first day of his inauguration, Gensler announced plans to leave the SEC before this could occur. His announcement comes a week after he hinted at his departure plans in a statement characterized as a farewell disclosure.…

Ethereum, the world’s second-largest cryptocurrency, has faced increasing criticism for its underperformance compared to rising rivals such as Bitcoin and Solana. Ethereum has been the subject of social media ridicule as it trades at around $3,300, about 33% below its all-time high of $4,878 reached in November 2021. However, analysts and investors are warning that the largest altcoin could soon emerge from recession, with some predicting it could break a record by reaching $10,000 in 2025. Despite hovering around $3,000 for weeks, Ethereum appears poised for a change. Bitwise’s head of research, Ryan Rasmussen, hinted at renewed institutional interest: “A…

XRP is on the verge of a technical pattern known as a “golden cross” in its Bitcoin (BTC) pairing. This pattern, often seen as a bullish signal, occurs when a short-term moving average crosses above a long-term moving average, indicating potential upward momentum. On the XRP vs. BTC chart, the 50-day SMA has turned up and looks set to move above the 200-day SMA in the coming days. Both moving averages are already converging, suggesting that a golden cross is imminent. For XRP, this could herald further price gains against Bitcoin, especially if the broader cryptocurrency market remains favorable. The…

Polymarket blocked French users on Friday, weeks after reports that the country’s government was investigating the prediction markets juggernaut for gambling law compliance. The ban was not reflected in Polymarket’s terms of service at press time, but on Friday a reporter using a VPN attempted to access the website from a French server and ran into a digital blockade. Polymarket fell into the crosshairs of France’s national gaming authority the ANJ after a French trader placed massive bets on Donald Trump to win the 2024 U.S. Presidential election. The fresh ban was first highlighted on social media by French crypto…

The market uptrend sparked by Donald Trump’s November 5 US presidential election victory has entered its third week. Increased trading activity has pushed many major cryptocurrencies to new all-time highs, while lower-cap tokens have seen sharp value spikes, delivering significant gains to traders. Crypto whales have also taken notice, increasing their accumulation of select assets. This week, their purchases included Dogecoin (DOGE), Ethereum (ETH), and Shiba Inu (SHIB). Dogecoin (DOGE) Leading meme coin Dogecoin is one of the altcoins crypto whales bought this week. The spike in its large holders’ netflow during the review period confirms this. According to IntoTheBlock’s…

In the crypto universe, bitcoin’s quest to hit $100,000 feels like reaching the climactic level in a video game—an epic showdown that embodies years of persistence, strategy, and transformation. The $100K Milestone: A Historic Moment in Free Market Economics When bitcoin (BTC) crosses the $100,000 mark in U.S. dollars, it won’t just be a psychological […] Read the full article here

TL;DR The exchange will spread news and educational material on one of the most popular messaging applications. Recently, it added new trading pairs and bot options but also delisted several pairs, triggering short-term price retreats. Making Crypto ‘More Accessible’ Binance launched an official channel on the messaging application WhatsApp. There, users will receive recent news, event announcements, product updates, and educational content about blockchain technology, cryptocurrencies, and Web3. The company said the development is part of its mission to “make crypto more accessible.”  “For your security, please note that this is Binance’s only official channel on WhatsApp. We encourage users…

Crypto analyst TechDev has predicted that the Bitcoin price could rally to as high as $139,000 in this market cycle. The analyst made this prediction based on previous election cycles, which were also bullish for the flagship crypto. Bitcoin Price To Reach $139,000 Based On Previous Election Cycles In an X post, TechDev predicted that the Bitcoin price could reach $139,000 in this bull run based on previous election cycles. In 2012, the Bitcoin price was $10 on election day, and a year later, BTC witnessed a 22.7x increase as it rallied to $245. In 2016, Bitcoin was $710 on…

Project Guardian is reportedly revolutionizing the financial markets through asset tokenization and by leveraging cutting-edge technologies like Chainlink. Project Guardian is a systematic initiative that is being led by Monetary Authority of Singapore (MAS). This collaborative effort unites key players such as Swift, UBS Asset Management, SBI Digital Markets, ANZ, and ADDX. 3 Project Guardian solutions featuring #Chainlink alongside Swift, UBS Asset Management, SBI Digital Markets, ANZ, and ADDX highlighted by @MAS_sg:https://t.co/QYLjes3dyj — Chainlink (@chainlink) November 21, 2024 The collective aim of these ledgers is to create a more efficient, secure, and interoperable digital asset ecosystem. Project Guardian is bridging…

Sui Network released its first network outage analysis report which found that a bug in its upgrade code caused the downtime. The report also shared that the bug was fixed within 2.5 hours. The network outage took place on the morning of November 21, 2024, between approximately 1:15 and 3:45 am PT, which halted all transaction processing as validators were stuck in a crash loop. Sui took to X to share the report, stating, “The rapid, collaborative response from Sui’s validator operators is an incredible testament to the strength of the Sui community.” Earlier today, Sui experienced its first network…