Author: News Room

Ethereum (ETH) has started to exhibit significant bullish behavior, propelling the community and investors into a fervent state of anticipation. A well-known crypto analyst, Jelle, shared insights on social media, suggesting that the ETH price is on a trajectory toward unprecedented heights. He suggested that Ethereum’s retest of the $3,300 mark appears to have been successful. The analyst then indicated that there is minimal resistance obstructing the path to new all-time highs and expressed his intention to retain his holdings until a significantly higher valuation is reached, hinting at anticipation of Ethereum’s price surpassing the $5,000 threshold. Looks like $ETH’s…

The London Stock Exchange (LSE) has announced that it will begin accepting listing applications for Bitcoin and Ethereum crypto Exchange Traded Notes (ETNs) from April 8, 2024. With this move, an important step was taken towards the integration of cryptocurrencies into mainstream financial markets. The announcement follows the LSE’s previous notification, published on 11 March 2024, stating that the Exchange intends to accept applications for acceptance of Bitcoin and Ethereum Crypto ETNs in the second quarter of 2024. The first cryptocurrency ETNs are expected to begin trading on May 28, 2024, subject to approval by the UK Financial Conduct Authority…

Artificial intelligence (AI) tools have been proven useful for tasks that require gathering and consolidating data, despite being fallible. Finbold then turned to three advanced AIs and asked them to build the ideal crypto portfolio for 2024. For that, we used OpenAI’s ChatGPT-4 Turbo, Antrhopic’s Claude 3 Opus, and xAI’s Grok. Additionally, we asked them to illustrate the portfolio allocations considering a $10,000 initial investment. Interestingly, there are notable similarities in the three proposed crypto portfolios among some differences in the picks and correspondent weights. Notably, all three have Bitcoin (BTC) and Ethereum (ETH) as the two largest positions in…

Terraform Labs co-founder Do Kwon was released from prison in Montenegro on Saturday as the Supreme Court deliberates on extradition requests from the U.S. and South Korea, according to a Bloomberg report citing prison officials. Kwon’s recent ruling mandating his extradition to South Korea is being challenged by Montenegro’s top prosecutor. Last week it emerged theSupreme State Prosecutor’s Office in Montenegro is escalating the case to the Supreme Court for review claiming errors were made. Do Kwon was arrested in Montenegro in March 2023 after being caught using a fake Costa Rican passport traveling to Dubai, United Arab Emirates. “We…

Civic, an identity and access management solutions company, introduced a new physical ID card that Civic Pass holders can use to prove their identity and minimize the threat of AI driven identity fraud. A Civic Pass is a non-transferable token, or soulbound identity token, that allows users to access decentralized applications and services by attesting that a user is a legitimate person. As AI adoption becomes more mainstream, new types of AI technologies are now capable of creating realistic, imaginative scenes from text and instructions. This has allowed the fraudulent identity market to flourish, enabling individuals to produce fake IDs…

Popular cryptocurrency analyst Michaël van de Poppe is forecasting a surge in the value of altcoins, the term used to refer to cryptocurrencies other than Bitcoin, expecting them to see their total market capitalization near $1 trillion.  In a post on the microblogging platform X (formerly known as Twitter) shared with his 707,500 followers, van de Poppe pointed to a recent pullback in the altcoin market capitalization that he deemed “very healthy,” and that could “likely” be breaking upwards in the coming months. Very healthy correction on the #Altcoin market capitalization, likely to be breaking upwards to the highs in…

Optimism unveiled a plan to allocate $3.30 billion in funding toward developers who focus on the network’s success. The initiative is centered around the Retroactive Public Goods Funding model. It aims to encourage development within its ecosystem by rewarding projects that contribute meaningfully to the Superchain and Optimism. 850 Billion OP Tokesn for Grants Optimism’s strategy to stimulate innovation and collaboration within its platform will leverage a fund of 850 million OP tokens specifically for this purpose. The funding initiative seeks to support efforts across a wide array of categories, such as protocol and infrastructure development, governance improvements, and user…

The U.S. Securities and Exchange Commission (SEC) is seeking nearly $2 billion in fines from Ripple Labs in the ongoing XRP lawsuit. “There is absolutely no precedent for this,” exclaimed Ripple’s CEO regarding the $2 billion fine. “We will continue to expose the SEC for what they are when we respond to this.” SEC Wants […] Read the full article here

A popular crypto trader believes altcoins are on the verge of big rallies after a pullback in the digital assets market. The pseudonymous analyst known as Altcoin Sherpa tells his 212,400 followers on the social media platform X that Render (RNDR), a project related to Graphics Processing Units (GPUs), seems to be consolidating in preparation for a breakout. He says many altcoins are forming similar bullish price patterns with consolidation in a broader uptrend as shown in Render’s chart. “RNDR: you know, a lot of good charts have this same type of price action. I think now is a great…

A group of Republican lawmakers, including the chairmen of the House Financial Services Committee and House Committee on Agriculture, has formally requested SEC Chair Gary Gensler to provide clear guidance on the regulatory stance regarding the custody of non-security digital assets by Special Purpose Broker-Dealers (SPBD).The March 26 letter specifically demands clarity on the status of Ethereum (ETH) and further requests the regulator to establish clear definitions for various terms related to crypto, digital assets, securities, and investment contracts.The letter was signed by 48 members of Congress, including House Financial Services Committee chair Patrick McHenry and House Committee on Agriculture…