Crypto News Updates

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Litecoin’s price halved in less than three months Buying the dip is risky despite a small head and shoulders pattern forming The dollar’s rally needs to stop for coins like Litecoin to reverse fortunes The US dollar registered one of the biggest rallies ever during summer. For example, it gained against the EUR for eleven consecutive weeks – the first time ever!  It wasn’t only the EUR that the dollar strengthened against. In fact, it was a broad-based dollar strength, as it squeezed everything in its way higher.  That means cryptocurrencies, too.  Some of the cryptocurrencies fared better than others. For example, Bitcoin still holds close to its 2023 highs, moving in a horizontal consolidation for months.  However, some other coins did not perform so well. Litecoin (LTC/USD) is one of them, as its price halved during the summer months. It was trading at $115 in July, only to drop to $60 in less than two months.  Such volatility is not unusual in the ...

Polygon Labs has announced that Google Cloud is now a validator on Polygon PoS network. The new validator will bring “same infrastructure” powering YouTube and Gmail. Google Cloud joins recent addition Deutsche Telekom. Polygon Labs has announced that Google Cloud is now officially a validator on the Polygon PoS network. The company revealed the development in a post on X on September 29. Google Cloud joins Polygon’s validators According to Polygon Labs, Google’s cloud computing platform has joined over 100 validators on the leading Ethereum layer 2 network. “High-quality, trusted, security-minded validators like Google Cloud provide an added layer of security for Heimdall, Bor, and Polygon PoS users,” the Polygon developer team noted. In the proof-of-stake blockchain world, validators are key as they operate the nodes that help secure the network via a process called staking. The native token MATIC is used in this crucial network operation. Google Cloud will help secure Pol...

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Chancer nears presale sellout in stage 3 as amounts raised surpass $2.39 million. Investors are attracted to Chancer’s decentralised betting feature Chancer could rise by up to 10x in the future as P2P betting grows Betting has, for a long time, been centralised. Bookmakers control the platforms and decide betting rules and odds. However, this is changing with blockchain, with the idea of giving betting control to wagers. Chancer endeavours to become the world’s first decentralised platform for bettors. Users can set betting events and create rules and odds for successful bets. The decentralisation has attracted investors, who have accumulated over $2.39 million tokens in  presale . How does Chancer work? Chancer covers two betting mechanisms: conventional betting and social betting. Conventional betting is for known events like football, basketball, marathons, etc. It is akin to traditional betting but with a touch of blockchain. Social betting has been the most inno...

Collectibles.com is gearing up for its much-anticipated launch. Collectibles.com is a Web3 collectibles marketplace that allows collectors to buy, sell, and trade assets. Kresus Collectibles.com partnership makes Kresus the preferred wallet solution for Collectibles.com collectibles. In a strategic move set to reshape the world of collectibles and blockchain technology , leading app developer Kresus has announced its partnership with Collectibles.com, a Web3 collectibles marketplace that is set to launch in October. Kresus, renowned for its secure and user-friendly crypto wallet, has been designated as the preferred crypto wallet solution by Collectibles.com. This partnership will be pivotal in Collectibles.com’s mission to revolutionize the global collectibles industry through blockchain innovation. Collectibles.com to launch in October Collectibles.com is slated for an October launch and is poised to become the world’s first Web3 community and marketplace tailored to collect...

Memeainator raised more than $300k a few days after starting its token sale. WorldCoin token surged as the developers increased their focus on emerging markets. Chainlink gained traction as demand for its tokenizatioon products rose. Cryptocurrency prices had a strong performance this week as they defied the gravity we saw in other assets like stocks and bonds.  Bitcoin price jumped to over $27,000 even as the Russell 2000 index moved to the bear market. In all, the total market cap of cryptocurrencies jumped to over $1.07 trillion. This article looks at some of the top cryptocurrencies to watch, including WorldCoin, Memeainator, and Chainlink.  Memeainator analysis Memeainator (MMTR) was one of the top breakout stars in the crypto industry this week. The developers launched a highly successful token sale on Wednesday, which has raised more than $391k from investors around the world. The token is going for $ 0.011 and is set to continue rising throughout the toke...

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Maker (MKR) and THORChain (RUNE) prices rose sharply as Bitcoin retested $27k. MKR could spike towards $2k while RUNE eyes buy-side liquidity above $2.01 The cryptocurrency market flipped higher on Thursday, with gains for Bitcoin (BTC) and most altcoins sending the total market cap up by 3.1% as at the time of writing. BTC traded above $27k again, benefiting from overall positivity in risk asset markets. With stocks also edging higher following a retreat for yields and oil, two notable performers in crypto were Maker (MKR) and THORChain (RUNE). Maker price breaks to highest level since May 2022 Maker (MKR) broke higher following this week’s impressive gains, trading to intraday highs of $1,542.90 on Coinbase. Bulls were looking for a fourth consecutive green candle on the daily chart, with 24-hour gains of 6% and weekly uptick of 16%. MKR price has jumped nearly 48% in the past 30 days. Amid the gains is a surge in on-chain activity , particularly in active address count tha...

American stocks continued their sell-off this week as risks rose. Cryptocurrencies have proven resilient despite the challenging environment. Shiba Memu token sale has accelerated recently.  It has been a sea of red in the financial market this week as the fear and greed index plunged to the lowest level in months and the US dollar index (DXY) surged to $106.7. The closely watched iShares 20 Plus Year Treasury Bond ETF (TLT) has plunged to the lowest point since 2014. It has fallen by over 17% from the highest point this year. Meanwhile, the small-cap Russell 2000 index, has moved into a correction zone by plunging by over 12% from its peak this year. Other assets like commodities have also retreated as investors remain concerned about the next action by the Federal Reserve. The Fed has committed to hike interest rates to 5.7%, raising concerns about defaults and a recession.  Cryptocurrency prices have remained quite resilient in the past few weeks. Bitcoin has r...

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Bitcoin rose to $26,820 on Wednesday, trading in the opposite direction to stocks as the Dollar Index hit a 10-month high. An easing for the DXY could see Bitcoin price strengthen above the $26k base. Bitcoin (BTC) defied a surge for the Dollar Index (DXY) on Wednesday, spiking to above $26,820 in early US trading hours. The gains for the benchmark cryptocurrency buoyed the altcoin market, with several tokens seeing decent moves to push the total market cap up by about 1.5%. But as the DXY, which measures the greenback’s strength against a basket of other major currencies, hit highs of 106.83 for its highest level since November 2022, stocks moved lower. Alongside the dollar’s strength has been rising yields, with the benchmark 10-year US Treasury yield soaring to a 16-year high of 4.64%. The two-year US yield rose to 5.15% It’s a scenario that sees the stock market compound weakness seen over the past week, including Tuesday’s Dow slump that was the biggest in a single day sin...

Key takeaways Laser Digital has become the latest digital asset firm to receive approval to operate in Abu Dhabi. The firm is owned by Japanese banking giant Nomura Bank.  Laser Digital can now operate in Abu Dhabi Laser Digital, the digital assets arm of Japan’s Nomura Bank, has received in-principal approval to provide broker-dealer services and asset/fund management services in Abu Dhabi. #ADGM is proud to announce that @LaserDigital_ has received an In-Principle Approval (IPA) from the ADGM Financial Services Regulatory Authority (FSRA) for its virtual asset management services, further establishing it as a leading global hub for digital assets.… pic.twitter.com/CmvkP4wumO — Abu Dhabi Global Market (@ADGlobalMarket) September 26, 2023 The approval was granted by the Abu Dhabi Global Market (ADGM), allowing Laser Digital to offer numerous services to users in the region.  This  latest cryptocurrency news means that Laser Digital stands a chance to...

The SEC has delayed its decision on the ARK 21Shares Bitcoin ETF decision to early 2024. Also delayed is the Global X Bitcoin Trust application. Analysts expect the regulator to delay other proposals amid the likelihood of a US government shutdown. The Securities and Exchange Commission (SEC) has yet again delayed a decision on the ARK 21Shares Bitcoin ETF application, pushing this to early 2024. The SEC also delayed the Global X Bitcoin Trust application to November 21. News of the delays has elicited various reactions from the crypto industry, with many observing that the regulator will now likely delay all the other applications to next year. Bloomberg ETF analyst James Seyffart shared news of the SEC’s decision on X. UPDATE: Wow. The SEC just came out SUPER early and delayed the @ARKInvest / @21Shares #Bitcoin ETF filing. This thing wasn't due for a decision until Nov 11. Also delaying the @GlobalXETFs application which was due Oct 7. pic.twitter.com/7DiBq1h4Ef ...

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New York, United States, September 26th, 2023, Chainwire Decrypt Media Inc. has officially announced 1000x , the first loyalty program for degens. The announcement comes on the heels of the launch of Degen Alley , an expansion of the site’s editorial coverage into new and barely explored corners of the crypto space. Degen Alley embraces the “degenerate” side of the crypto and gambling communities, serving as a place for the thrill-seekers, risk-takers, and crypto enthusiasts who live on the edge. 1000x is a membership community spanning the spectrum of gaming entertainment by offering exclusive access and discounts on sports betting, casino games, online poker, and more. The program offers two tiers of membership, each corresponding to different levels of perks, including discounts and preferred rates at partners like PokerGo, Stake.com, Action Network, and Rotowire, member-exclusive events such as poker tournaments, access to a 1000x community Discord, and more. Degen Alley is al...

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Binance announced on Monday, September 25, that it had reopened customer registrations in Belgium. The exchanges products and services are also accessible in the country to customers who accept new Terms of Use. Binance had halted operations in the country in August, directing customers to a Polish entity. Binance, the world’s largest cryptocurrency exchange by trading volume, has announced that new customer registration and access to products and services is now reopened in Belgium. The announcement comes nearly a month since the exchange notified its customers that access to Belgian customers would be available via Binance Poland. That move followed an order from the Belgium market regulator warning Binance not to offer its services in the country. Great news for our Belgian community 🇧🇪 We've now reopened registrations and access to #Binance products and services in Belgium. https://t.co/IActiqYMjm — Binance (@binance) September 25, 2023 As CoinJournal reporte...

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BBC looks at “Sam Bankman-Fried, the mop-haired, nerdy maths genius who set out to transform the world of crypto but ended up being its biggest loser.” Panorama will air on BBC One on September 25 at 20:00 and run for 11 months. Sam Bankman-Fried is the former CEO of FTX, the crypto exchange that collapsed in 2022. Just days to Sam Bankman-Fried’s trial in the US, British broadcaster BBC has lined up an investigative piece on the disgraced “crypto king” who once had been the darling of Wall Street and Capitol Hill. Now under arrest and facing trial, the man who wanted to change crypto is arguably already its biggest villain so far. BBC’s investigative programme Panorama will air a documentary dubbed “ Downfall of the Crypto King ”. BBC looks at the rise and fall of Bankman-Fried Sam Bankman-Fried, fondly known as SBF in his heyday as the crypto king given his crypto empire spanning the exchange FTX , Alameda Research and numerous subsidiaries, is the subject of a show that will...

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TL;DR Bitcoin has dropped to the sub-$26k level as bears remain in control. Shiba Memu’s presale has now surpassed the $3 million mark as more investors troop in. The cryptocurrency market has been bearish over the weekend. The prices of Bitcoin and other cryptocurrencies are in the red zone as sellers continue to be in firm control of the market. However, Shiba Memu’s presale continues to break records and has now surpassed the $3.2 million mark.  Bitcoin drops to the $26k level Bitcoin, the world’s leading cryptocurrency by market cap, has been underperforming over the last few hours. It has lost more than 1% of its value today, with the bears in control of the market. At press time, the  price of Bitcoin stands at $26,161 per coin.  The other leading cryptocurrencies, including ETH, SOL, SHIB, and XRP, are all trading in the red zone. The decline in prices could serve as an opportunity for investors to invest in more projects.  The bearish sentiment...

MicroStrategy says it acquired the additional 5,445 bitcoins for $147.3 million at the average price of $27,053 per coin. The company now holds 158,245 bitcoins acquired for a total of $4.68 billion. MicroStrategy Inc. (NASDAQ: MSTR), a leading finance software company, has added to its Bitcoin (BTC) haul again. In crypto news shared on Monday by Michael Saylor, the company’s founder and chairman, MicroStrategy recently acquired an additional 5,445 bitcoins to bring its total BTC holdings to over 158k. MicroStrategy now holds 158,245 bitcoins According to a filing with the US Securities and Exchanges Commission (SEC), MicroStrategy purchased the BTC for $147.3 million, acquiring each coin at the average price of $27,053. Per the document, the company now holds 158,245 BTC, which was cumulatively acquired for $4.68 billion. The average price of the entire acquisition is $29,582 per bitcoin. Saylor shared the news on his official X account on Monday. MicroStrategy has acqui...

Chancer welcomes decentralised betting, allowing more user participation and flexibility. Chancer price has risen to $0.013 as presale continues amid strong demand. Analysts expect the value of the Chancer token price to rise up to 50 times on betting trends. The price of the Chancer token is now $0.012, a rise from the initial $0.010 and previous $0.011. The price will rise to $0.013 in the next stage presale. While the price changes are fixed in tokenomics, there are visible signs of increased buying. A total of over $2.217 million has been raised in presale as investors make bullish bets. According to the project’s roadmap, the Chancer token will be listed on Uniswap and other CEXs in Q3 2023. Analysts believe the token could witness strong increases after listing owing to the project’s use case. The token is available for purchase via the  Chancer website . What is Chancer? Chancer is a decentralised betting platform. The platform aims to bring betting closer to th...

Amsterdam, Netherlands, September 25th, 2023, Chainwire   New crypto project ‘Meme Kombat’ has announced the presale of its native token is now live, in a September 21st tweet from its official X account @Meme_Kombat . $MK token is able to be purchased at memekombat.io priced at $1.667, using ETH, USDT or BNB. Presale investors can use a range of wallets including MetaMask, Trust Wallet, Coinbase Wallet, OKX wallet, Ledger Live, Rainbow Wallet and a number of other WalletConnect options. What Is Meme Kombat? According to the project’s whitepaper , Meme Kombat is a gaming platform that ‘brings together the exciting world of memes and the competitive thrill of battle arenas. By leveraging cutting-edge technology and the decentralized power of the Ethereum network, Meme Kombat aims to create a unique and engaging gaming experience.’ Within the Meme Kombat ecosystem and its in-game arena, players engage in battle with characters represented by popular internet memes – from Pep...

At press time, the Moonbeam (GLMR) token was trading at $0.2601, up 56.29% in a day. Moonbeam’s trading volume has also surged by 1937.22% over the last 24 hours. Upbit Exchange has announced that it will list the GLMR token. Moonbeam’s native token, GLMR, has surged by an impressive 56% in the last 24 hours, currently trading at $0.2601 on various spot trading platforms. This remarkable price action is generating significant buzz within the altcoin market. What’s driving this surge is the recent announcement that GLMR is set to be listed on Upbit, one of South Korea’s leading cryptocurrency exchanges, known for its pivotal role in token expansion. Upbit to list Moonbeam (GLMR) token Upbit’s decision to list GLMR has far-reaching implications, given South Korea’s stature as a major hub in the digital currency trading world. This listing has ignited excitement across the crypto industry, as it opens doors to a vast and influential market. Moonbeam, as a prominent protocol withi...

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Worldcoin (WLD) has announced that more than 200,000 people in Chile have signed up for World ID. The project, co-founded by OpenAI CEO Sam Altman, has come under increased scrutiny over data collection and privacy concerns. Worldcoin (WLD) announced on September 24 that more than 200,000 Chileans have signed up and completed verification for its World ID. The number of sign-ups for the digital identity protocol exceeds 1% of the country’s population, which stands at around 19.5 million, the Worldcoin team noted. Amid the growing demand in Chile, Tools for Humanity – a developer group contributing to the development and adoption of Worldcoin – has added the biometric imaging devices (Orbs) to two other locations in Chile.  Other than the capital Santiago, the iris scanners are now located in the cities of Vina del Mar and Concepcion. Worldcoin faces regulatory scrutiny Worldcoin, co-founded by OpenAI CEO Sam Altman and which went live in July this year, says more people a...

A whirlwind of price fluctuations, breakthroughs, and transformative developments shape the crypto landscape. One such development has been the recent struggles of Litecoin (LTC) juxtaposed with the promising potential of InQubeta ($QUBE). While the LTC charts forecast a potentially tricky path ahead, all eyes are on the new ICO, QUBE, which is gearing up for a possible 6000% surge. InQubeta ($QUBE): the AI investment revolution Before diving deep into the Litecoin narrative, it’s crucial to introduce one of the best ICOs in 2023 :  InQubeta . This crowdfunding platform is setting the stage to change how we view AI-driven investment opportunities. The ethos behind InQubeta revolves around democratizing access to AI startup investments, a field historically dominated by big players. With an intention to transform the landscape and make it accessible to everyday investors, InQubeta is gearing up to be more than just another good crypto to buy ; it’s an entire movement. QUBE, wit...

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Bitcoin mining is at the heart of the digital gold rush and it is a critical process that underpins the entire cryptocurrency ecosystem. Bitcoin miners validate transactions, secure the network, and, in the process, earn newly minted Bitcoin. The World Digital Mining Summit (WDMS) stands as a beacon of innovation and collaboration within this dynamic space. The recent World Digital Mining Summit (WDMS) witnessed a groundbreaking moment for the Bitcoin mining industry as Bitmain, a prominent player, unveiled its highly anticipated Antminer S21 and S21 Hydro ASIC miners. These state-of-the-art mining machines have set new industry standards for both performance and energy efficiency. The Antminer S21 boasts an impressive hashrate of 200 TH/s and an extraordinary efficiency rating of 17.5 J/T (joules per terahash), while the S21 Hydro delivers a remarkable hashrate of 335 TH/s with an efficiency of 16 J/T. These statistics mark a significant departure from the historical norm where...

Avalanche’s ($AVAX) market performance succumbs to bearish pressure, leaving its holders in panic. Elsewhere, Litecoin’s rising popularity on Bitpay is helping $LTC’s efforts to break above its current resistance.  Meanwhile, Borroe.Finance ($ROE) seems to be in the green zone as its popularity skyrockets beyond expectations. $ROE’s numbers have been impressive, but can they make it one of the top crypto coins over $AVAX and $LTC? Let’s discuss. Avalanche holders panic as $AVAX drops below $10 The market slump of early September has taken a drastic toll on many top altcoins, including Avalanche. Despite Avalanche’s relatively high network activity, it faces significant bearish pressure in the market.  The $AVAX token has fallen below double digits following the market downturn. $AVAX was trading at $10.37 on August 28. On September 1, the market slumped, causing $AVAX to fall by 4.3% to $9.92.  The market fell after the SEC asked Spot Bitcoin ETF applicants to wait...