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This week has witnessed an astounding rally in the COMP price, defying the prevailing bear market sentiment. Over the past seven days, COMP has surged by more than 22%, solidifying its status as a top-performing CRYPTOCURRENCY . Nevertheless, despite this remarkable gain, an analyst believes the rally still has significant room to grow. COMP Price Chart Shows Promise In a particularly bullish analysis, a pseudonymous analyst known as MyCryptoParadise on TradingView has proposed that COMP could rise by another 50% from its current levels. The foundation for this optimistic outlook lies in a double-bottom pattern that emerged between August and September. MyCryptoParadise points to a previous instance when a similar double-bottom formation occurred in June, leading to a 269% surge in COMP’s price. Extrapolating this historical pattern to the current situation suggests a potential price increase ranging from 65% to 80%. “In the event of such a breakout, we anticipate a r...

AlphaSense has broadened its client base to encompass the majority of companies within the S&P 500 index and virtually every enterprise featured in the Dow 50. AlphaSense, a business-oriented artificial intelligence (AI) platform specializing in business intelligence and search capabilities, has proudly announced the successful conclusion of a $150 million Series E funding round. This pivotal funding round was spearheaded by Bond and boasted participation from Google’s parent company, Alphabet’s investment arm, CapitalG, in addition to esteemed financial institutions like Goldman Sachs and Viking Global. In this latest funding round, the company ’s valuation has surged from $1.7 billion, which was its appraisal when it secured $225 million in its Series D funding round in June 2023, to an impressive $2.5 billion. AlphaSense ’s robust market positioning and sustained growth can be attributed to the recent surge in the field of artificial intelligence. Whi...

Investment firms Invesco and Galaxy Digital allegedly filed for a spot Ethereum ETF with the U.S. SEC on Sept. 29. Asset managers keep pursuing digital asset products, as Invesco and Galaxy Digital allegedly filed for a spot Ethereum (ETH) exchange-traded fund (ETF) on Sept. 29.  Bloomberg ETF analyst James Seyffart disclosed the filing on X (formerly Twitter), even though the application hasn’t been uploaded to the SEC’s public database at the time of writing. Invesco Galaxy just filed for a spot Ether ETF, I think this is the 3rd of 4th one of these, have to check tho.. pic.twitter.com/SIJVu8VzFk — Eric Balchunas (@EricBalchunas) September 29, 2023 A spokesperson for Invesco declined to confirm the application, stating that products still being registered cannot be commented on. Cointelegraph reached out to Galaxy, but did not immediately receive a response. With the Sept. 29 filing, Invesco and Galaxy join a growing line of investment managers seeking regulatory approval for...

With the revival of interest in artificial intelligence (AI) set off by OpenAI launching its AI platform ChatGPT, such tools have shown the capability to provide insights into today’s markets, including the price of Bitcoin (BTC) after its halving in 2024. Indeed, Finbold has asked ChatGPT for possible price ranges for Bitcoin following the halving event, during which the reward for mining the proof-of-work (PoW) cryptocurrency using crypto mining machines will reduce to half of what it is now. Post-halving scenarios According to ChatGPT, there are three possible, highly speculative, and very wide scenarios for the price of the decentralized finance (DeFi) asset after the halving in 2024 “because the cryptocurrency market is highly volatile and influenced by numerous unpredictable factors.” Specifically, the AI tool’s optimistic case, “where Bitcoin experiences significant mainstream adoption, favorable regulatory developments, and increased institutional investment, the price ...

UQUID unveils Uquid Dapp, a platform for a decentralized future. Uquid is pioneering the development of Web3 e-commerce, and they are excited to introduce their latest milestone – the launch of Uquid DApp – your All-in-One destination for the Web 3.0 Shopping Revolution. This revolutionary platform is designed to be a collaborative hub that invites partners, developers, and visionaries from every corner of the blockchain space to list their DApps to enhance the full cycle of the shopping experience in Web3. The core of its vision lies in empowering innovation and driving a decentralized future. Uquid DApp: Fostering a Decentralized Ecosystem Uquid DApp is more than just a platform; it’s a movement that amplifies the voices of developers and creators about Web3. They believe that every innovative idea deserves a platform to flourish, and Uquid DApp provides just that. By allowing partners and developers to list their DApps, they empower them to reach a broader audience...

Coinbase is extending its perpetual futures trading service to non-US retail clients, following a successful trial with institutional traders. Coinbase has announced the expansion of its perpetual futures trading service to non-US retail clients. This decision comes in the wake of observing over $5.5 billion in notional volume during the second quarter, predominantly from institutional trading. Coinbase had originally introduced its perpetual futures trading in May. However, this service was exclusively available to institutional investors located outside the United States. Fast forward to Sep. 28, and now, non-US retail traders can check their eligibility for this offering on the Coinbase Advanced platform. The commencement of actual trading for these users is slated for the upcoming weeks. The expansion continues… Thrilled to announce that Coinbase International Exchange has secured regulatory approval from the Bermuda Monetary Authority (BMA) to enable perpetual futures f...

The Ripple versus SEC lawsuit has been the talk of the town, with the crypto and XRP community keeping a close eye on any potential catalysts that could influence XRP’s price. The July declaration by a judge that XRP isn’t a security per se has already sent ripples through the market, triggering massive price fluctuations in the subsequent month. This judgment paved the way for multiple exchanges to reintroduce the cryptocurrency onto their platforms. A prominent player in the XRP trading scene is the OKX exchange. Recently, the exchange unveiled its proof of reserves across all its digital assets. The figures for XRP reserves on OKX are as follows: User asset holdings on OKX: 173,284,313 OKX wallet assets: 178,401,336 Total assets on exchange: 178,401,336 OKX possesses an additional 3% of XRP in its exchange than user holdings. However, it’s worth noting that users’ third-party custodians safeguard some assets. Hence, those keen on scrutinizing these balances m...

Zilliqa, a layer-1 block chain , and GMEX Group have launched ZERO13, a carbon offset platform for users to act against climate change and engage with corporate environmental initiatives. ZERO13 will leverage Zilliqa to issue tokens that represent carbon credits.  When customers buy goods or services from Zilliqa’s partners, they’ll get tokens to support environmental projects and offset their carbon footprint. GMEX Group will carefully choose and verify these projects to ensure they positively impact the planet. You might also like: Zilliqa jumps 5% amid Google Cloud ‘strategic alliance’ ZERO13 is tapping into the blockchain to offer customers a transparent and secure real-time platform to monitor and offset their carbon emissions.  The platform will also establish a new market for carbon credits that allows customers to trade or donate them to their preferred environmental causes. This circular economy will inspire customers to decrease th...

The dollar cost-averaging strategy has proven to be an effective investment strategy for long-term holders. To break it down, this is a simple technique whereby investors are required to divert funds towards assets at regular intervals. The state of the market doesn’t affect the game plan, and the return goals are usually more inclined toward the long term. Thus, this is quite an attractive strategy for new investors with little stake. Prominent Wall Street investors like Warren Buffet have dollar-cost-average stocks like Apple, while crypto veterans like Michael Saylor have implemented this strategy to buy assets like Bitcoin. Instead of sticking to large-cap assets, we will analyze the DCA returns fetched by SHIB investors in this article. Also Read: Fact or Fiction? Can Shiba Inu Make You A Millionaire By 2030 Shiba Inu DCA, Returns Data from cryptoDCA pointed out that if investors started investing in SHIB with just $100 during its early days, they would already be multi...

After making a false move up, Bitcoin (BTC) is demonstrating a certain level of weakness, and more pain could be in store for the flagship decentralized finance (DeFi) asset this week unless a couple of developments take place that could help change its course. Specifically, the stock market index (SPX) has started to fill the gap, and the United States dollar index (DXY) is printing for a potential deviation while Bitcoin dropped to the $26,100 liquidation, as observed by the cryptocurrency market analyst CrypNuevo in an X post shared on September 26. SPX filling the gap. Source: CrypNuevo What happens now? According to the pseudonymous crypto industry expert, at this point, the “SPX needs to hold that gap zone, it can’t break any lower,” whereas the “DXY needs to start cooling off and try to retest that previous resistance as a potential support” for Bitcoin to recover . DXY deviation probability. Source: CrypNuevo Indeed, if the two above highly relevant developments come to...

Binance Coin forms a descending triangle above important support area 2023 gains are gone A break below $200 should trigger more weakness The US dollar is the month’s winner as it rallied against its peers and against major cryptocurrencies in September. Moreover, the strength appears to be more visible against cryptocurrencies. Take Binance Coin for example. It erased all its 2023 gains (and some more). It also formed a descending triangle right above horizontal support seen at $200. This is dangerous for bulls because, if broken, there is not much left to support the price until much lower. Bearish technical picture for Binance Coin Binance Coin made a double top pattern during the COVID-19 pandemic. Twice, it tried to break above $700, without success. Since then, however, it was all downside. The scandals in the cryptocurrency industry surely did not help. After all, FTX went busted, trust was lost, and many chose to leave the industry altoget...

Justin Sun, HTX (former Huobi) advisory board member, introduced the SAFU fund after the platform had suffered a $8 million security breach. According to his tweet, the platform team introduced the SAFU fund in order to always be prepared for losses that may arise due to problems with the security of the platform. HTX has also implemented real-time monitoring mechanisms to prevent such losses. While Sun denies having a large stake in HTX, he has promised to host several livestreams – in English and Chinese – to discuss the exchange’s security. We have established the SAFU fund to be prepared at all times for losses resulting from platform security issues. Additionally, we have implemented real-time monitoring mechanisms to prevent such losses. — H.E. Justin Sun 孙宇晨 (@justinsuntron) September 26, 2023 HTX hack Web3 security firm Cyvers said the breach took place on Sept. 24, when a hacker withdrew 5,000 ETH from the platform.  Sun confirmed the attac...

According to data from Whale Alert, an unknown wallet has transferred 15,000 Ethereum (ETH) to the crypto exchange OKEx. The value of the ETH is a whopping $23.8 million. The sizeable transfer and the unknown nature of the sender have raised a few eyebrows in the crypto community. Moreover, it is unclear if the tokens are from ETH’s ICO (Initial Coin Offering) era or were purchased later. It is possible that the wallet belongs to OKEx and the exchange is moving its funds around. It is also possible that the wallet belongs to an Ethereum (ETH) whale who is booking profits. If that is the case, then there could be an increase in sell pressure on ETH in the coming days. ETH has once again fallen below $1.6k, and the wallet owner may be giving in to pressure. However, there is no confirmation in either of the instances. Also Read: Ethereum Wallet Wakes Up After 8 Years With 522210% Gains Source: WhaleAlert Additionally, GlassNode data highlighted that ETH addresses holding...

Last week, the government of Venezuela sent 11,000 police officers and soldiers into Tocorón prison , notoriously run by the Tren de Aragua gang, and seized buckets of bullets, piles of machine gun ammo belts, sniper rifles, explosives, rocket launchers, grenades, and a small army of bitcoin miners. Backed by tanks and armoured vehicles, the prison was successfully stormed on Wednesday. As police and troops discovered, Venezuela’s most powerful gang has been attempting to make extra cash with rows upon rows of old Bitmain Antminers. It’s unclear how profitable the bitcoin mining operation was; old equipment aside, Venezuela has temporarily banned crypto mining. And while the country enjoys cheap, subsidised electricity, energy blackouts are frequent. #21Sep | Así quedó la cárcel de Tocorón tras la primera fase de la Operación Liberación Cacique Guaicaipuro, en el lugar hallaron hasta máquinas para minar criptomonedas. Video: RRSS pic.twitter.com/Nv26bsKhUo — Car...

JPMorgan analyst Nikolaos Panigirtzoglou called Ethereum’s network activity levels since its Shanghai upgrade “disappointing.” Shanghai enabled withdrawals for Ethereum’s proof-of-stake validators. It activated on April 12 this year. Since that upgrade, Ethereum ’s market capitalization, daily transactions, daily active addresses, and DeFi total value locked (TVL) have all declined. To be precise, the market capitalization of Ethereum has declined 17% from $230 billion when Shanghai activated to $190 billion today, while daily transactions have dropped 14% from 1 million at activation to 860,000. Daily active wallet addresses on the Ethereum network also fell 19% from 438,000 to 351,000 while Ethereum’s total value locked (TVL) — a popular metric of the amount of money committed to so-called decentralized finance (DeFi) applications on a blockchain — declined 30% from $30 billion to $21 billion today. Ethereum-based NFTs have continued to fade in popularity. Tens ...

In cryptocurrency investment, the aspiration to possess an entire unit of Bitcoin (BTC) stands as a coveted achievement driven by the allure of potential returns. With the divisibility of Bitcoin into smaller units, it becomes feasible to embark on a journey of incremental investments, all with the ultimate goal of attaining ownership of a single unit of the pioneer cryptocurrency within a designated time frame.  Therefore, the question that beckons is, with the current price of Bitcoin, how much would you need to own one unit of BTC today? In this line, data acquired by Finbold from the Dollar Cost Averaging Bitcoin platform indicates that if you had started investing $70 daily in Bitcoin precisely one year ago, on September 24, 2022, you would now own one full Bitcoin. Dollar Cost Averaging for Bitcoin. Source: dcaBTC Over the course of a year, investing this amount daily sums up to $27,495, considering that the maiden crypto is currently valued at $26,578. Bitcoin one-day...

While Coinbase holds $25 billion in BTC, the exchange only owns around $200 million worth of Bitcoin found in its wallets. Blockchain intelligence platform Arkham recently identified that crypto exchange Coinbase holds almost 1 million Bitcoin (BTC) in its wallets. The coins are worth more than $25 billion at current market prices for BTC.  According to Arkham, the exchange’s holdings amount to almost 5% of all Bitcoin that currently exists. Arkham said that Coinbase currently holds a total of 947,755 BTC. At the moment, Bitcoin’s circulating supply is around 19,493,537, according to coin information website CoinGecko. Arkham has now identified $25B of Coinbase Bitcoin reserves (~1M BTC) on chain. This makes Coinbase the largest Bitcoin entity in the world on Arkham, with almost 5% of all BTC in existence - about as much as Satoshi Nakamoto. pic.twitter.com/7sDOczS7WT — Arkham (@ArkhamIntel) September 22, 2023 Furthermore, Arkham also noted that they tagged and identified 3...

Decentralized finance cross-chain money market aggregator Fuji Finance said the protocol was unable to find the market for its product, while also experiencing limited finance. In a recent Medium blog post, the company said that it failed to find “product-market fit,” a situation which was made more difficult amid the current crypto bear market. Fuji Finance’s attempts to raise additional funds for further development proved futile, and its team has been trying to attract more investors since last February, according to the blog post, but the effort seemed unsuccessful, causing the firm to decide to pull the plug amid its depleting treasury.  You might also like: Uniswap launches educational platform amid v4 development “Since February of this year, the Fuji team has been fundraising to continue development on the protocol and build out the future of cross-chain DeFi operations . We were unable to find product market fit. With our treasury dwindlin...

The price of Shiba Inu dipped to $0.000000000082 in September 2020. However, by October 2021, the same meme coin had reached its highest-ever value of $0.00008616. If someone had invested $1,000 in SHIB in 2020, what would that investment be worth today? Also Read: Shiba Inu: SHIB Could Easily Reach $0.01 if This Happens Analyzing a $1000 investment made in 2020 The network was determined to distance itself from being labeled as a “meme coin,” which led to the introduction of Shibarium. Although the layer-2 network generated considerable excitement, it did not succeed in elevating the value of the meme coin. Nonetheless, there is optimism for the asset to reach a set of significant price-related milestones in the near future. Shiba Inu was initially introduced with a starting price of $0.00000001009, but it subsequently experienced a significant decline, reaching an all-time low of $0.000000000056 in November of that year. At the time of writing, SHIB is currentl...