Large XRP Transfers Detected...XRP Crash Soon?

In recent events, two unidentified entities (often referred to as “whales” in crypto parlance) moved an astonishing 850 million XRP from the EU-based Bitvavo cryptocurrency exchange. Balyena Alert, a crypto tracking service, noticed the massive transfers; the first happened on Friday, and the second followed shortly after.  XRP Transfers Nakita  Two significant transfers were noted. The first one involved 425,118,503 XRP, equivalent to roughly $224.9 million. A similarly large amount of XRP (around 425.9 million coins) was moved from Bitvavo on Friday, August 25. In total, over 950 million XRP, close to a billion, was shifted to undisclosed digital wallets from the Bitvavo platform.  Why were XRP Tokens Moved?  Though the amounts being moved raised eyebrows, insights from the XRP-focused Bithomp platform reveal a different story. Both huge XRP transfers apparently went to addresses linked to Bitvavo. This suggests that Bitvavo might simply be reallocating its XRP holdings among its internal wallets.  Another Major Movement  Whale Alert also identified another significant transfer, but this one was directed to a different major EU exchange, Bitstamp. Around 28.4 million XRP (worth about $14.9 million) was deposited, likely in preparation for a sale.  Whats Happening to XRP?  Amid these large transfers, XRPs price experienced a slight dip, declining by approximately 2.34%

2023-08-31Industriya

Sinabi ng mga Abugado ng Bankman-Fried na Nilalabag ang Kanyang Ika-anim na Mga Karapatan sa Pagbabago

Ang depensa ni Bankman-Fried ay naninindigan na ang kawalan ng tamang paghahanda at pagtatanggol sa pagsubok ay resulta ng kanyang pagkakakulong nang walang internet access.  Eleanor Terrett, isang kasulatan sa , may iniulat sa patuloy na legal na labanan na nakapalibot sa paghahanda sa pagsubok ng dating FTX CEO.  Sa X platform, itinampok ni Terrett ang isang paghahabol na ginawa ng abogado ni Bankman-Fried, na iginiit na ang kanyang mga karapatan sa Ika-anim na Pagbabago ay nilabag dahil sa hindi sapat na kahandaan sa pagsubok sa ilalim ng kasalukuyang mga kundisyon.  Sa isang liham na itinuro kay US Judge Lewis Kaplan, ang kanyang legal na koponan ay humiling ng isang internet-enabled na laptop at access sa isang federal courthouse cellblock sa loob ng limang araw bawat linggo na humahantong sa paglilitis sa Oktubre.  Ang depensa ay umabot na sa paghingi ng pagpapalaya kay Bankman-Fried sa kustodiya ng kanyang mga magulang upang mapadali ang sapat na kahandaan sa pagsubok.  ????BAGO: @SBF_FTX Hinihiling ng mga abogado kay Judge Kaplan na palayain si SBF sa kustodiya ng kanyang mga magulang para makapaghanda siya ng sapat para sa paglilitis.  Hinihiling namin sa korte na payagan si Mr. Bankman-Fried na ma-access ang abogado at ang materyal na maaaring magawa sa pamamagitan

2023-08-31Industriya

Experts say Coinbase is about to suffer because of Bitcoin

While the cryptocurrency world rejoices over Bitcoin‘s recent win with Grayscale’s court victory against the SEC, skeptics scrutinize the after-effects this could have on Coinbase, Americas premier crypto exchange.  As the financial tides shift, these experts are sounding the alarm, warning of potential challenges that may loom for the leading exchange.  Coinbases Potential Hurdle: A Double-Edged Sword?  The courts decision in favor of Grayscale, allowing it to convert its popular bitcoin trust (GBTC) into an ETF, has undeniably sparked excitement among many.  Bitcoin, the star cryptocurrency, witnessed a 7% rise following the announcement, affirming the markets anticipation. However, amidst these celebrations, the bigger question emerges: Where does this leave Coinbase?  To the untrained eye, this victory might seem like a boost for the exchange. A potential increase in crypto prices could, after all, translate to heightened activity on Coinbase‘s platform. Yet, the financial experts aren’t convinced.  The introduction of a spot bitcoin ETF in the U.S market could revolutionize how investors approach Bitcoin. Instead of directly trading on Coinbase, they might flock towards ETFs, viewing them as the more desirable route to gain exposure to the crypto market.  Such a shift could severely dent Coinbase‘s trading volumes. Not to mention, a staggering 40% of Coinbase’s transaction revenue

2023-08-31Bitcoin

Muling Buhay ang Crypto Market, Ngunit Maaaring Hindi Magbasag ng $100 ang LTC. Narito ang Bakit

Last week, Litecoin (LTC) slid to a 2023 bottom of $56, culminating in a third consecutive post-halving crash. Can Grayscales landmark victory propel Litecoin price toward reclaiming the post-halving losses?  On Tuesday, August 29, Litecoin (LTC) price briefly hit $70, its highest since dropping to the 2023 bottom of $56 on August 18. The ongoing price rally came as crypto markets reacted to Grayscales landmark victory in its Bitcoin ETF application appeal against the US Securities and Exchange Commission (SEC).  Low Prices Make Litecoin Network More Attractive For P2P Transactions  While other large-cap coins like Bitcoin Cash (BCH) and Toncoin (TON) raced to double-digit percentage gains, Litecoin only mustered a 4% bounce. What are the chances that the Litecoin price will reclaim $100 in the coming weeks?  Litecoin became prominent for its pedigree as a cheaper and faster alternative to Bitcoin for peer-to-peer transactions. The recent price correction appears to have brought this to the fore.  As the August 2 Halving event approached, LTC price fell under $100 in mid-July. Since then, crypto investors have been deploying more transactions on the Litecoin network.  Ang chart below vividly depicts how daily LTC have gradually increased over the past month. Since July 25, it has increased by 41%

2023-08-31Industriya

Ang pagsubok sa SBF ay tumatagal ng isang kawili-wiling turn habang umiinit ang labanan ng ekspertong saksi

Tech  Ang pagsubok sa SBF ay tumatagal ng isang kawili-wiling turn habang umiinit ang labanan ng ekspertong saksi  9 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Prosecutors have asserted that all of Sam Bankman-Fried‘s (SBF) proposed expert witnesses should be disqualified from testifying in his upcoming trial. They cited insufficient disclosure filings, misleading experience, or irrelevant planned testimony. The Department of Justice (DOJ) has also sought to bar one of the prosecution’s proposed witnesses.  This has created a clash over the admissibility of witnesses testimonies. The legal maneuvering emerged in the context of Bankman-Fried facing fraud and conspiracy charges. His defense team and the DOJ presented their arguments on witness testimony in recently filed Daubert motions.  The DOJ has taken a firm stance against the witnesses put forth by SBFs defense team. They claim the disclosure filings are inadequate, some opinions lack clarity, and certain testimony may confuse the jury.  The seven expert witnesses include Lawrence Akka, a British barrister; Thomas Bishop and Joseph Pimbley, affiliated with different consulting firms; Brian Kim, a data analytics and forensics expert; Bradley Smith, a law professor at Capital University Law School; and Andrew Di Wu, an assistant professor at the University of Michigan.  Prosecution and Defense clash over testimony admissibility  Prosecutors

2023-08-31Industriya

Ethereum Rode The Wave Of XRPs Victory To Surpass $2000, But Mores Calling ⋆ ZyCrypto

Ethereum  Sinakyan ng Ethereum ang Alon ng Tagumpay ng XRP Upang Lumagpas sa $2000, Ngunit Mas Marami ang Tumawag ⋆ ZyCrypto  3 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  ETH hit $2,000 for the first since May as it shows signs of staging a comeback.  The asset leveraged XRPs historic win over the SEC to reach a new milestone.  Ripple Labs “pyrrhic victory” sent virtual currency prices surging to new highs, with Ethereum (ETH) latching onto the bullish wave to hit $2,000.  After months of roiling in the doldrums of low prices, ETH recaptured $2,000 in a strong show of strength. The second-largest cryptocurrency reached a 30-day peak of $2,026 on July 11.  The rally left ETH with a market capitalization of $238 billion with a market dominance of 19.17%. Daily transaction volumes grew by 38.29% to settle at $11 billion as market activity exploded following XRPs victory.  The last time ETH traded above $2,000 was back in May on a market resurgence. Apart from a minor rally in April that saw the asset climb as high as $2,100, the last time ETH exchanged for over $2000 was 11 months ago at the start of the extended bear market.  Despite the rally, ETHs price is still 60% below its

2023-08-31Ethereum

Matatalo ang Bitcoin ng $30000 Pagkatapos ng Pangunahing Data ng Inflation at Trabaho ng PCE?

BitcoinMatatalo ang Bitcoin ng $30000 Pagkatapos ng Pangunahing Data ng Inflation at Trabaho ng PCE?6 minuto ang nakalipasBalita ng Ethereum ng Bitcoin  Bitcoin strides toward $30000 after Grayscale Investment‘s victory against the U.S. Securities and Exchange Commission (SEC) puts BTC price over $27.5k. Bitcoin price now trades above the key 200-weekly moving average before the month’s close and prevented a correction to $24.8k. Interestingly, macro factors are also in favor of Bitcoin as traders await the core PCE inflation and jobs data this week.  Bitcoin Embarks On Bullish Rally  Fed Chair Jerome Powell hinted at further interest rate hikes during the Jackson Hole meeting recently. If inflation is higher and the jobs market remains tight, the U.S. Federal Reserve will raise interest rates at the next FOMC meeting on September 21.  The CME FedWatch Tool shows an 86.5% probability of keeping the interest rate unchanged by the Fed in the next monetary policy meeting.  Traders eye key PCE inflation, non-farm payrolls, and unemployment data to confirm the upcoming bullish rally. The market expects core PCE inflation for July to come in line with the previous month at 0.2% and the Fed‘s preferred gauge to measure inflation at 4.3%, rising 0.1% against last month’s core PCE

2023-08-31Industriya

Susunod na paghinto sa markang 160.00

Pananalapi  Susunod na paghinto sa markang 160.00  12 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Pinapalawak ng EUR/JPY ang rally sa hilaga ng 159.00 sa Miyerkules.  Ang karagdagang pataas ay lumalabas ang pangunahing antas ng pag-ikot sa 160.00.  EUR / JPY pinapanatili nang maayos at maayos ang pressure sa pagbili at lumalampas sa 159.00 na hadlang sa Miyerkules.  Kung ang mas mataas na paglipat ay kukuha ng karagdagang bilis, ang krus ay dapat na hamunin ang kamakailang 2023 na mataas na malapit sa 159.50 (Agosto 22) bago ang pangunahing antas ng pag-ikot sa 160.00. Ang paglampas ng huli ay hindi dapat makakita ng anumang antas ng pagtutol ng tala hanggang sa 2008 mataas sa 169.96 (Hulyo 23)  Sa ngayon, ang mas mahabang termino na positibong pananaw para sa krus ay lumilitaw na pinapaboran habang nasa itaas ng 200-araw na SMA, ngayon sa 147.84.

2023-08-31Industriya

Poor Peter Schiff still doesn’t get bitcoin

Peter Schiff took to Twitter to assure his followers that bitcoin adoption was not imminent and that a gambling use case would not be good enough either.  Schiff scathing of Grayscale success  Success for Bitcoin is absolute anathema to Peter Schiff. He has staked much of his reputation on Bitcoin just being a passing fancy and whenever anything happens to the contrary he heads straight to Twitter to give his anti-bitcoin views.  When CNBC talking heads made the case that the recent victory for Grayscale over the SEC would likely lead to a momentum shift in the bitcoin price, Schiff took to Twitter to give his views on the subject.  Muli ang #Bitcoin shills on @CNBC have it wrong. A spot Bitcoin ETF does nothing to increase adoption. All it does is make it easier for some speculators to place directional bets on price. CNBC shills don‘t realize that gambling doesn’t count as a use case for a currency.  - Peter Schiff (@ PeterSchiff) Agosto 29, 2023  Pagsusugal  Schiff really has the bit between his teeth as he accuses speculators of “gambling” on bitcoins price direction. Of course, he is right in some respects here, as there are also others who do not yet understand what bitcoin

2023-08-31Bitcoin

Trilyon Ng Shiba Inu Token ang Umalis sa Crypto Exchange — SHIB Price Reacts ⋆ ZyCrypto

crypto  Trilyon Ng Shiba Inu Token ang Umalis sa Crypto Exchange — SHIB Price Reacts ⋆ ZyCrypto  11 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Last week, Shiba Inu (SHIB), the second largest meme coin by market capitalization, experienced a significant extraction of over 2 trillion SHIB tokens, sparking controversy within the crypto community regarding the token holders and their intentions.  According to on-chain data published on Twitter (X) by the cryptocurrency analyst Ali, the number of SHIB tokens deposited on exchanges decreased from around 82 trillion to the current value of 80.77 trillion on August 22nd.  This substantial token extraction was accompanied by a 10% price surge over the past week, with the price rising from a low of $0.00000757 to a value of $0.00000835.  Why are investors withdrawing their tokens from exchanges?  As recently reported by ZyCrypto, the Shiba Inu development team is working to elevate the projects status from being a mere meme coin without utility to becoming an integrated ecosystem featuring decentralized applications that contribute real value to the crypto landscape.  It remains unclear who is behind these extractions or why they decided to withdraw such a significant number of tokens from exchanges. Speculations range from investors possibly waiting for a token rebound when

2023-08-31Industriya
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