Crypto News Updates

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Cosmos’ IBC-enabled dApps are coming to Avalanche via the Landslide Network protocol. Landslide will release a testnet on November 1. The development will benefit both Cosmos and Avalanche ecosystems. Cosmos Hub (ATOM), Avalanche (AVAX) and more than 100 IBC-enabled chains are set to benefit from interoperable connection thanks to the integration of the Inter-Blockchain Communication (IBC) protocol by the Avalanche subnet Landslide Network. The development was announced on Tuesday, October 31 by the Interchain Foundation (ICF). Landslide’s incentivized testnet goes live on November 1, the ICF said. 1/ The ICF is excited to confirm that IBC is coming to Avalanche! @CosmosAVAX is developing the IBC light client on Avalanche, paving the way for seamless interoperability between Avalanche, Cosmos Hub, and 100+ other IBC-enabled chains. Yes, @avax is joining the #interchain pic.twitter.com/uRAowiUDgW — Interchain Foundation (@interchain_io) October 31, 2023 Bringing IBC-...

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Andreessen Horowitz (a16z) is planning to raise $3.4 billion for its next early and seed-stage fund. The fundraising is reportedly set to start by the end of year. Andreessen Horowitz (a16z), a crypto-friendly venture capital firm based in Silicon Valley, is targeting approximately $3.4 billion for the next early-stage and seed-stage funds, according to Axios. According to the report , the core fund will represent a slight increase for a16z when compared to previous efforts. New growth, crypto and bio vehicles Andreessen Horowitz is one of the bullish VCs on AI, an area that’s seeing a significant uptick in investments. But as artificial intelligence projects prove a big hit for VC fundraising, the broader landscape is seeing notable declines. The fundraising that reportedly is marked to start towards the end of the year eyes “new growth, crypto and bio vehicles in 2025.” Per Axios, the VC giant “will ask, although not require, limited partners to invest via a new master vehic...

Kasikorn Bank has acquired a 97% stake in Thailand-based cryptocurrency exchange Satang. The bank’s deal is reportedly worth 3.705 billion Thai baht ($102.8 million). Satang will rebrand to Orbix. Kasikorn Bank, Thailand’s second largest bank, has reportedly acquired a 97% stake in Satang crypto exchange. The deal was completed via Kasikorn Bank’s subsidiary Unita Capital and involved 3.705 billion Thai baht ($102.8 million) worth of shares in Satang’s parent company. Wu Blockchain highlighted the crypto news in a post on X on Monday, citing CoinDesk. Thailand’s second biggest bank Kasikorn Bank has acquired 97% shares in the parent company of Satang crypto exchange. The deal has a valuation of 3.705 billion Thai baht ($102.8 million). K-Bank recently secured a crypto exchange license and launched a $100 million fund targeting… — Wu Blockchain (@WuBlockchain) October 30, 2023 Satang to rebrand to Orbix The Satang Corporation, founded in 2017 and one of the major digital...

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Render (RNDR) price was up 5% in the past 24 hours and 52% in the past 30 days. The AI related crypto project has seen positive sentiment amid greater adoption of its technology. A community vote has also passed a proposal to onboard cloud computing platform Beam. The price of Render rose sharply on Friday as the AI crypto token continued the outperformance seen this past week. RNDR traded more than 5% up to highs of $2.25 in the 24-hour period to the time of writing, with weekly and monthly gains at 13% and 52% respectively. Recent upward momentum has benefited from AI hype driven by forecasts from mainstream companies , including Microsoft, Nvidia and Palantir. RNDR price up as community votes for key proposal Render’s upside appears to have defied likely sell-off pressure after on-chain data revealed FTX/Alameda had moved over 974k RNDR tokens. While the transfer of the tokens, valued around $2 million at the time, was probably for selling purposes, the market’s reaction ke...

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US Senator Cynthia Lummis asks the Department of Justice (DOJ) to criminally charge crypto exchange Binance and USDT issuer Tether. Lummis cites the two companies’ role in aiding illicit fundraising for terror. Blockchain security and analytics firm Elliptic says a WSJ report “misrepresented” data. The US Department of Justice should finish its investigation and consider criminal charges against crypto exchange Binance and USDT stablecoin issuer Tether , US Senator Cynthia Lummis says. Senator Cynthia Lummis (R-WY), notes in a post on X today that she had sent a letter to the DOJ with a view of having the Justice Department charge the two crypto companies for being “intermediaries” in reported illicit financing of Hamas. When it comes to illicit finance, crypto is not the enemy – bad actors are. I sent a letter asking DOJ to finish its investigation and consider criminal charges against Binance and Tether after reports they served as intermediaries for Hamas and engaged in i...

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The Memeinator presale has raised nearly $820k within weeks of its launch and is seeing huge interest. This article looks at MicroStrategy’s Bitcoin investment amid BTC price resurgence What does this mean for crypto and for investors looking to tap into new opportunities? MicroStrategy is reportedly sitting on $60 million in unrealized gains from its haul of Bitcoin (BTC). Despite the crypto market’s bearish flip over the past two years, the business intelligence company continued to buy rather than fold and sell its holdings. The recent purchase of more than $147 million worth of BTC illustrated the firm’s long term bet on the asset. Despite the bear market’s brutal impact on businesses, MicroStrategy’s approach suggests long term investors could reap big from their crypto investments. Could this outlook also apply to diversified bets on promising altcoins, one of which could be the Memeinator (MMTR) ? Why MicroStrategy’s Bitcoin bet could pay off big In September, when Micr...

r/CryptoCurrency removes moderators for MOON token insider trading. Insider trading led to an 85% token price drop, sparking debates. MOON token’s future remains uncertain, with discussions and pending decisions. In a recent development within the r/CryptoCurrency subreddit, a community of 6.9 million crypto enthusiasts, a group of moderators has been ousted for alleged insider trading of MOON tokens. This incident has stirred a flurry of discussions within the crypto community , raising questions about fairness, transparency, and regulatory actions. Moderators removed amid insider trading accusations Last Tuesday, Reddit announced its decision to terminate the “Community Points” program – a blockchain-based system designed to reward content creators and developers. This program allowed users to earn and spend community points using native tokens like MOON. However, a significant controversy erupted when it was revealed that some moderators had traded MOON tokens shortly befor...

LOOM witnessed a remarkable 930% surge in the last month. However, an unexpected 65% price decline has taken place, surprising investors. BIGTIME enjoyed a 250% price increase after gaining support from major trading firms. Yet its value has recently experienced fluctuations. NuggetRush is emerging as a promising investment alternative. The crypto world is buzzing with two digital asset trends: Big Time (BIGTIME) and Loom Network (LOOM).  While each of these tokens signifies something different, investors and enthusiasts are paying close attention to their fluctuating prices. LOOM and BIGTIME appear poised to make technical gains, but their recent price increases suggest a slight pullback as their prices begin to fall. Big Time & Loom’s appeal lies in their promising features and technology concepts, which initially attracted investors.  With recent changes to their pricing, another crypto project, NuggetRush (NUGX) , has stepped up with its compelling featur...

There has been some substantial in-game activity on the Aptos Arena. There has also been an overall positive sentiment in the cryptocurrency market. The price of Aptos (APT) token has climbed by 21% over the last 7 days. The Aptos (APT) cryptocurrency has been making headlines with its impressive performance, recently breaking through the $6 mark, and gaining a staggering 21.01% in the past week alone. The token is rising four days after Aptos suffered a five-hour outage. The outage coincided with the same week that Aptos was launched in 2022. This remarkable price surge has piqued the interest of investors and crypto enthusiasts. But what is driving this extraordinary growth in the Aptos network, and why is it attracting significant attention? Aptos’s rapid expansion and global presence Aptos Network has been experiencing rapid expansion, with a notable milestone of 112 nodes operating around the world. These nodes are strategically distributed across 25 different countries a...

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Bitcoin price hit $30,369 on Saturday, its highest level since July. While bulls could push higher in coming weeks, the immediate outlook suggests a bearish flip. Crypto analyst Ali points to the TD Sequential indicator as hinting at a sell signal. Bitcoin price rose to its highest level since July when it broke above $30k to reach highs of $30,369 on Saturday. BTC is indeed looking for its fourth-biggest weekly gains year-to-date. However, although the benchmark crypto trading around $29,950 at the time of writing, an analyst says further retreat is possible given the potential for a key bearish signal.On the upside, market observers see a flip and weekly candle close above $31k as what bulls need to take control of the prevailing volatility. BTC price shows sell signal According to crypto analyst Ali, the potential for a head-and-shoulders pattern for BTC on the daily chart has received greater attention across the market. And in a chart shared on X on October 22, the analys...

Chainlink (LINK) price has surged more than 23% in the past week. On-chain data shows LINK price soared amid whale accumulation. Most of the whale accumulation and massive uptake has been on South Korea exchanges Bithumb and Upbit. Chainlink (LINK) price traded above $9.75 on Sunday, hitting its highest level since May 2022 amid a positive broader crypto market. The price of LINK was up 13% in the past 24 hours and 23% in the past week at the time of writing. But as LINK price eyes a retest of the $10.00 level, analysts looking at on-chain data say traders are likely to benefit if they watch out for whale activity. Why has LINK price been soaring? Chainlink, whose oracle network is seeing staggering adoption, including after its Cross-Chain Interoperability Protocol (CCIP) went live, has been one of the top performers in the crypto market amid the latest bullish sentiment. According to on-chain analytics and smart money account Lookonchain, the surge in LINK price coincided w...

The Ripple (XRP) community and the entire crypto community are abuzz with the possibility of Ripple going public through an IPO. This could be a game-changer, with XRP positioned to skyrocket. Meanwhile, Tezos (XTZ) and  InQubeta (QUBE)  have become investor darlings, gaining significant traction and riding bullish waves. With exciting times on the horizon, this article will delve into Ripple’s impending IPO and its potential impact on XRP’s price. Further, this article will also explore the momentum and growing interest in Tezos and InQubeta. InQubeta (QUBE): the rising star While Ripple Labs is toying with the idea of an IPO,  InQubeta (QUBE) i s gearing up to be the best ICO (initial coin offering) of 2023. To date, a staggering $3.7 million has been raised in its presale, positioning it as a top ICO. The momentum in its fundraising phase can be attributed to its unique value proposition. This stands at the intersection of two of the most transformative ...

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So you’re making Thanksgiving dinner for 20 people and you’re wondering whether you can make the mashed potatoes ahead of time and keep them warm. The answer is yes! Here are four foolproof methods to keep your mashed potatoes warm (or reheat the ones you made yesterday). The method you use is up to you; use the one that works best for you and your schedule. Mashed potatoes do get stiff and gluey once they sit for too long. READ MORE... from Kitchn | Inspiring cooks, nourishing homes https://ift.tt/kWPpQcn

Injective (INJ) price rose to highs of $8.20 on Wednesday. The gains came as the layer-1 blockchain network’s DEX platform Helix unveiled its pre-launch futures product. Celestia (TIA) is the first pre-launch futures token to list on Helix. Injective (INJ) is seeing a nice uptick in price today as the layer-1 blockchain adds to last week’s upside. While the altcoin ‘s price is currently just 3.5% up in the past 24 hours, the gains were much more notable earlier in the day when INJ/USD touched highs of $8.20. INJ traded to highs of $9.40 in April this year before the early 2023 momentum faded alongside the lull across the crypto market. In 2021, the price of INJ hit the all-time high of $24.89. Helix unveils pre-launch futures Injective’s price gains came as the Injective blockchain added to last week’s network milestones, which included integration with NFT marketplace Dagora and new Launchpad InjMarket.  The latest milestone was achieved via Helix, a decentralized exchang...

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TLDR: Pepe ($PEPE) struggles post-150x boom due to lack of market sustainability and utility. NuggetRush ($NUGX) emerges with strong tokenomics, real-world utility, and community engagement. NuggetRush’s innovative approach presents a meaningful, forward-thinking crypto investment opportunity. Pepe ($PEPE) once soared to staggering heights with a 150x price boom, showcasing the euphoric yet unpredictable nature of the crypto realm. However, as the dust settles, the token finds it hard to maintain its majestic flight, its wings seemingly clipped by the harsh realities of market sustainability and utility demand. Amidst these tides of change, a new vessel, NuggetRush ($NUGX) , sails forth, promising not just a sturdy deck, but a treasure trove of real-world utility and robust tokenomics.  The ephemeral allure of Pepe ($PEPE) now pales in comparison to robust, utility-driven tokens like NuggetRush ($NUGX), which offer a harmonious blend of financial growth, real-world im...

Russia’s largest bank, Sber, is set to play a vital role in CBDC testing. Sberbank operates several tech solutions including Okko streaming, Citymobil taxi, SberSound, and SberMarket. Russia’s digital currency ecosystem structure resembles China’s approach. In a significant development for the future of Russia’s Central Bank Digital Currency (CBDC), Sberbank, the country’s largest bank and a major tech player, has confirmed its participation in the digital ruble pilot program. The pilot program, which was to involve 13 Russian banks was rolled out after Putin signed the digital rubles bill into law in July. The bank’s influential CEO, Herman Gref, expressed the firm’s commitment to joining the “second wave” of banks that will commence digital ruble testing in 2024. This announcement marks a significant step forward in Russia’s efforts to launch its own digital currency. Sberbank’s transformation into a major tech player Sberbank has transformed into a major tech player, opera...

Exchanges with specific asset levels must obtain an Australian Financial Services License The draft legislation is expected to go out by 2024. A consultative process seeks input from stakeholders and the public on 32 key regulatory themes. In a significant move towards regulating the rapidly expanding cryptocurrency industry in Australia, Australia’s Treasury has unveiled plans to introduce a comprehensive licensing regime for crypto exchanges . The initiative is designed to enhance consumer protection, bring much-needed clarity to the digital asset sector, and pave the way for the nation to align with global regulatory standards. The newly proposed regulatory framework Under the newly proposed framework, cryptocurrency exchanges operating in Australia must obtain an Australian Financial Services license (AFSL) from the Australian Securities and Investments Commission (ASIC). This regulatory measure will be applicable to exchanges that hold more than AUD 1,500 of any single cl...

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The popularity of the leading meme coin Dogecoin took a strong hit between August and October after some of its miners exited. As a result, many Dogecoin patrons are now flocking to other top altcoins like InQubeta (QUBE) .  Powered by Ethereum , InQubeta helps startups working in the field of artificial intelligence find authentic investors for their projects and fast-track their growth journeys. InQubeta’s popularity has been rising even though it’s still in the presale stage. While some feel it’s because of InQubeta’s unique model, others feel it’s due to its huge presale success. It is likely one of the best new ICOs of 2023 after its presale funding crossed $3.5 million recently. InQubeta: assisting AI startups grow InQubeta  utilizes blockchain technology to allow startups to gain access to funding opportunities to bring their ideas to life. It’s also a place where investors get to explore promising opportunities even before their launch in the market. This un...

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Ethereum validator queue at an all-time low. Staking demand wanes as wait times plummet. At press time, the entry queue for Ethereum only had 377 validators. The Ethereum network’s validator queue once jam-packed with applicants eager to participate in the blockchain’s proof-of-stake system, has reached an all-time low. Data reveals that the queue has dwindled to just 598 validators, a stark contrast to the staggering peak of over 96,000 seen in early June. This significant reduction in the validator queue marks a remarkable development in the Ethereum ecosystem, as it has not been this empty since the major “Shapella” upgrade in April, which finalized Ethereum’s transition to a fully functioning proof-of-stake network. Staking demand declines The shrinking validator queue is indicative of the diminishing staking demand on the Ethereum network. At its peak, individuals seeking to become validators faced a daunting 45-day wait, driven by pent-up demand to stake Ethereum’s nativ...

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USDR suffered a liquidity crisis, revealing its illiquid assets. A trader lost everything swapping USDR for USDC during the crisis. An MEV bot profited $107,002 from the arbitrage opportunity. The Real USD (USDR) stablecoin recently found itself in the eye of a storm, revealing the pitfalls of the DeFi space. A liquidity crunch on October 11 led to a trader swapping 131,350 USDR for 0 USDC, incurring a complete loss. Here’s what transpired: The USDR liquidity crunch USDR, a real-estate-backed US dollar stablecoin, faced a liquidity crisis when users requested over 10 million stablecoins in redemptions. Although it was advertised as 100% backed, a shocking revelation emerged: less than 15% of its $45 million in assets were backed by liquid TNGBL tokens, with the majority relying on illiquid tokenized real-estate assets. The illiquidity of these real-estate assets stemmed from their tokenization under the ERC-721 standard. This unique standard made it nearly impossible to frac...