Pinakabagong Balita sa Crypto at Market Updates

Wells Fargo Says an American CBDC Could Be Designed, Approved and Launched in Three to Five Years

Strategists at a Wells Fargo subsidiary think the US could design and release a central bank digital currency (CBDC) within the next five years.　　In a new report, Wells Fargo Advisors head of real asset strategy John LaForge and investment strategy analyst Mason Mendez say that the US is studying the potential of a CBDC after President Joe Biden signed an executive order authorizing the Federal Reserve to begin looking into CBDC technology.　　We suspect it will be some years before a US CBDC is designed, approved, and used. Our best guess would be three to five years. The release of FedNow, a new fast payments program (not a blockchain-related technology) launched in July 2023, might give us some clues on the timeline, though.　　The Fed formally started studying the potential of FedNow in September 2013 – nearly 10 years before its release. While we are not expecting a CBDC release to take 10 years, we do believe it could be a few more years before a final design is reached.　　The Wells Fargo Advisors analysts say that debate over a potential US CBDC will only continue to increase.　　“CBDCs are programmable, which means that they have the potential to be tracked, monitored, and shut

2023-10-28Industriya

Bitcoin price to hit $125k by end of next year: Matrixport

Balita ng Ethereum ng Bitcoin　　Bitcoin (BTC) could rally to a high of $125k in late 2024 amid institutional adoption, Matrixport said in report.　　The crypto services provider‘s Bitcoin price prediction comes amid BTC’s surge to $35k.　　Spot Bitcoin ETF approval could be one of the catalysts of the bull market.　　Bitcoin‘s jump to above $35,000 this week came amid the crypto market’s latest spot Bitcoin ETF anticipation. This has the flagship cryptocurrecy looking at potentially printing the first consecutive weekly green candle since late July/early August when it went on to hit lows of $24,900 in September.　　BTC has notably retreated from the $35k level and is battling to strengthen above $33.5k as of Friday afternoon, October 27.　　What could drive Bitcoin price to $125k？　　While some analysts say the crypto could look to retest key support levels, crypto services platform Matrixport says in a new Bitcoin price prediction that the benchmark cryptocurrency could soar to $125,000 by the end of next year.　　The platform said in its latest research report that with Bitcoin in its fifth bull market, soaring institutional interest and potential price catalysts such as spot ETF could prove key to price gains.　　, the firm highlighted in a magpaskil sa X.　　The bullish perspective is

2023-10-28Bitcoin

ETH’s Breakout Chances Hindered by Supply Wall, Says Analyst

Balita ng Ethereum ng Bitcoin　　Cryptocurrency trader, analyst Ali revealed that there is a large supply wall in ETHs order books.　　According to the post, a vast amount of ETH positioned at $1,960 is preventing ETH from breaking out.　　At press time, the altcoin was trading hands at $1,788.47 after a 3.15% price drop over the past 24 hours.　　The cryptocurrency trader and analyst Ali revealed in an X post yesterday that there is currently a large supply wall hindering the chances of an Ethereum (ETH) breakout. According to the post, there is a supply wall of around 33 million ETH at $1,960.　　The leading altcoin suffered slightly over the past 24 hours of trading. According to data from the cryptocurrency market tracking website CoinMarketCap, ETH recorded a 3.15% loss throughout the past day of trading. This brought the cryptocurrency‘s price down to $1,788.47. Notably, the decrease in price was not enough to flip ETH’s weekly performance, as it still stood over 12.62%.　　From a technical perspective, ETH has been in a consolidation phase between $1,755 and $1,860 over the past few days. However, technical indicators on the altcoins daily chart suggested that it may break below this channel in the next 24-48 hours.　　Firstly, the daily

2023-10-28Ethereum

Ang illiquid supply ng Bitcoin ay umabot sa lahat ng oras na mataas na umabot sa 15.3 milyong BTC

The Bitcoin market is currently witnessing pivotal changes in its liquidity dynamics. With the illiquid supply reaching an all-time high at 15.3 million BTC, representing approximately 78% of the Bitcoin circulating supply, it suggests a growing pool of holders committed to their long-term Bitcoin investments.　　Concurrently, the liquid supply has retraced to 2012 levels at 1.3 million BTC. This decreasing trend implies a potential shift in the market‘s operating behavior, with more entities transitioning to longer-term holding strategies, thus joining the ranks of the ’illiquid entities.　　Furthermore, the highly liquid supply has seen a significant reduction over the past three years, down from 3.7 million BTC in March 2020 to the current 2.9 million BTC. This decline may signify a thinning of active traders or entities that rapidly move Bitcoin.　　These liquidity dynamics collectively hint at a constriction of Bitcoin‘s active supply. The combination of a growing illiquid supply and shrinking liquid and highly liquid supplies can create a ’short squeeze‘ scenario. This occurs when the market’s limited active supply struggles to satisfy trading demand, potentially triggering sharp upward price movements as traders scramble to cover their short positions.　　Liquid and Illiquid Supply: (Source: Glassnode)　　The post Bitcoin illiquid supply hits all-time high reaching 15.3

2023-10-28Bitcoin

Tech Titans Microsoft at Google Make AI Moves Down Under

Balita ng Ethereum ng Bitcoin　　Looking to bolster its technology sector with artificial intelligence, Australia is opening its doors to AI developers that are eager to expand into untapped markets.　　On Tuesday, tech giant Microsoft said the company is investing AUS$5 billion, around $3.2 billion, into the Oceanic country, according to a report by Reuters. This comes after Google said it would invest $1 billion in partnership with the Australian government.　　The Google deal, CNN Business reported, would include projects to protect the Great Barrier Reef and clean energy.　　As billions of dollars in investments shore up Australias AI capabilities and capacity, some say the regulatory landscape in America is meanwhile forcing AI developers to seek greener pastures in other regions.　　Australias fortunes are benefitting from the increasing regulatory headwinds for AI in the U.S., said Shanal Aggarwal, Chief Commercial Officer at application developer TechAhead.　　“The rules and regulations around AI in the U.S. are still a bit unclear. This uncertainty can make it hard for AI developers to know what they can and cannot do,” Aggarwal told I-decrypt.“When rules are too strict or confusing, it can push the AI developers to work in other countries instead of the U.S. because other places might have clearer

2023-10-28Industriya

Ang mga Presyo ng ETH at XRP ay Bumabawi habang ang Bitcoin Minetrix ay Malapit na sa $2.5m Milestone

The crypto market has seen a pullback in the last 24 hours, with Ethereum (ETH) and XRP (XRP) prices declining from recent highs.　　This cooling-off period has come after a week of bullish momentum for both coins, along with most major cryptocurrencies.　　Despite this downturn, Bitcoin Minetrix (BTCMTX) continues to gain traction as it nears a fundraising milestone of $2.5 million.　　Sharp Pullback for Ethereum as Profit-Taking Occurs　　Over the past day, ETH‘s price has returned to the $1,787 level – a 4% drop from Thursday’s high.　　The token‘s value had risen 20% in the seven days prior, briefly tapping $1,867 before today’s drop.　　Ethereums gains have been fueled by growing buzz surrounding a potential approval of a spot cryptocurrency ETF by the SEC　　The SEC recently acknowledged Grayscales application to convert its Ethereum trust into an ETF, which has been viewed as a positive sign for the crypto market.　　Meanwhile, according to data from Santiment, activity by Ethereum “whales” has spiked, with large transactions exceeding $100,000 reaching a three-month high.　　This suggests substantial accumulation from crypto “whales,” who are withdrawing ETH from exchanges in high amounts.　　As such, while Ethereum has cooled off slightly, investors remain optimistic that the underlying fundamentals and institutional interest could support a rebound soon.　　XRP

2023-10-28Industriya

Fantom Foundation Drainer Swaps 4,390 ETH for 8M DAI: PeckShield

Ethereum　　Fantom Foundation Drainer Swaps 4,390 ETH for 8M DAI: PeckShield　　52 segundo ang nakalipas　　Balita ng Ethereum ng Bitcoin　　PeckShield reports that the Fantom Foundation drainer swapped 4,390 ETH for 8M DAI.　　A Fantom Foundation employee fell victim to a phishing attack by the drainer.　　The drainer stole about $7M from Fantom Foundation-labeled wallets on October 17.　　PeckShield, the renowned blockchain security firm, shared on X that the Fantom Foundation drainer has swapped about 4,390 ETH for approximately 8 million DAI. The blockchain security firm noted that the drainer stole about $7 million in cryptos from Fantom Foundation-labeled wallets on October 17.　　Per multiple reports, an employee of the Fantom Foundation fell victim to a phishing attack and lost approximately $7 million to a drainer. The employee reportedly received an email that appeared to be from a colleague requesting him to update his MetaMask wallet. Unknown to the victim, the link contained in the email led to a fake website that mimicked the official MetaMask website.　　According to reports, The Fantom Foundation employee entered critical details on the fake website, including his seed phrase, a 12-word password that grants access to the wallet. That enabled the drainer to take control of his funds and drain them. Reportedly, the

2023-10-27Ethereum

Ethereum Price Prediction: ETH Holds Above $1700 As IBTC is Re-listed on DTCC

Ethereum　　Ethereum Price Prediction: ETH Holds Above $1700 As IBTC is Re-listed on DTCC　　Balita ng Ethereum ng Bitcoin　　The crypto market appeared to get spooked during the late New York on Tuesday by the news that BlackRock iShares Bitcoin Trust (IBTC) had been delisted from the DTCC website. Ethereum, however, remained resilient and continued to trade in the green to reach a high of $1854 on Tuesday.　　However, the BlackRock iShares Bitcoin Trust has reappeared on the Depository Trust & Clearing Corporation website as shown in the figure below.　　Riding on the news, the bulls have pumped crypto prices back up with Bitcoin climbing back above the $34,000 level. Ethereum resumed its recovery streak as it posted a seventh straight green candlestick on the daily chart.　　Ethereum Price is on Track Toward $2,000　　At the time of writing, Ethereum price was exchanging hands at $1,786, up 4% over the last 24 hours and 14% over the last 7 days. It has a live market cap of $215 billion, cementing its position as the second largest cryptocurrency by market capitalization.　　The technical setup is in favor of the bulls , suggesting that the uptrend could continue in the near term.　　The Relative Strength Index (RSI) is in the overbought

2023-10-26Ethereum

Ang mga rollup ba ay talagang nagpapalaki sa Ethereum o niloloko ba natin ang ating sarili?

Ethereum　　Ang mga rollup ba ay talagang nagpapalaki sa Ethereum o niloloko ba natin ang ating sarili？　　Balita ng Ethereum ng Bitcoin　　In the quest to scale Ethereum, developers have been busily building mechanisms called “rollups” that operate more efficiently “on top” of the base chain.　　But what exactly is a rollup？ When asked the loaded question, Jon Charbonneau laughs.　　“Oh, this is gonna be tough,” he says. “This has been, like, a whole big debate with everyone over the last few months.”　　It‘s important to get the mental model right, he says, in order to determine the true purpose of a rollup — and whether it’s a genuine scaling solution for Ethereum. After all, if its just building “on top” of the chain, is it really scaling the chain？　　On the Lightspeed podcast (Spotify/Apple), the co-founder and partner at crypto investment firm DBA gives a simple definition before elaborating: “A rollup is just some state that you derive off of some data, basically, that is posted on another blockchain, another data layer.”　　“So there‘s data posted on Ethereum and I can run some state transition function over that data that says, ’Hey, this is the state of my rollup.”　　“That is all you really need to have a

2023-10-26Ethereum

Ethereum Supply On Exchanges Fall To 2015 Levels, 3 Price Targets For Bulls

Ethereum　　Ethereum Supply On Exchanges Fall To 2015 Levels, 3 Price Targets For Bulls　　Balita ng Ethereum ng Bitcoin　　The Ethereum supply on exchanges has been on a steady decline since the FTX crash happened back in 2022. This was triggered by a growing distrust for centralized exchanges and investors choosing to self-custody their tokens as a result. The constant decline has now seen the Ethereum being held on exchanges fall to the lowest point since its inception.　　Available ETH On Exchanges Fall To Genesis Levels　　When the Ethereum network was first launched back in 2015, the available ETH on exchanges was very low due to it being a new player. The exchange balances would steadily rise over the next few years as the digital asset gained widespread acceptance and began trading on countless exchanges.　　However, there has been a shift in the tide where crypto investors are now choosing to hold their ETH in private wallets rather than leaving them on exchanges. The result of this is now there is only 8.41% of the total ETH circulating supply available on exchanges.　　Pinagmulan: Santiment sa X　　On-chain data tracker Santiment points out that this is the lowest that Ethereum exchange balances have been since Genesis in 2015. “Prices

2023-10-26Ethereum

...

225227

...

1000