Author: Crypto Breaking News

Illustration by Mitchell Preffer for Decrypt.Prices of leading cryptocurrencies stayed stable over the last seven days. Market leader Bitcoin (BTC) held the fort at $26,569, more or less exactly the same price as last week, while Ethereum (ETH) dropped a slight 2.8% to trade for $1,592. It was another of crypto’s relatively less volatile weeks, which seem to be occurring more frequently this year. There were no major price swings among any of the forty biggest cryptocurrencies by market capitalization—except for Chainlink. Holders of LINK found their stashes swell by 12% this week to hit $7 on Saturday. On Wednesday, Toncoin (TON) was…

On September 22, 2023, Arkham Intelligence unveiled that it has identified addresses tied to a staggering $25 billion from Coinbase’s bitcoin (BTC) holdings. This cache represents the most substantial BTC reserve on Arkham. The firm points out that this trove is nearly on par with Satoshi Nakamoto’s legendary 1 million coins. Coinbase’s Crypto Cache Tops $29B On Friday, Arkham Intelligence, a crypto analytics and data tracking firm, revealed that its platform now prominently displays Coinbase’s bitcoin (BTC) reserves. Taking to social media platform X, the firm announced, “Arkham has now identified $25B of Coinbase bitcoin reserves (1M [bitcoin]) on chain.”…

XRP has maintained its position within the confines of a symmetrical triangle pattern, with today’s modest surge doing little to alter its trajectory. This symmetrical triangle pattern has exerted significant influence over XRP’s price movements for the past month, indicating that it may continue to dictate the coin’s fate in the near future. The symmetrical triangle pattern is a technical analysis chart pattern characterized by converging trendlines, with one representing the coin’s lower highs and the other symbolizing its higher lows. This pattern suggests a period of consolidation and uncertainty in the market, as traders weigh the potential for a…

Bitcoin is helping secure the truthfulness of Guatemala’s election results.Thanks to OpenTimestamps, a tool created by bitcoin developer Peter Todd a few years ago, Guatemalan tech startup Simple Proof is able to safeguard key documents about the country’s presidential elections from fraud and tampering. Todd’s tool, which leverages hash functions and the bitcoin blockchain, is able to timestamp pieces of information and make it easier to spot attempts at fraud and manipulation.The idea of timestamping documents is fairly old. Individuals and societies have relied on this technique for centuries to indicate when a document was signed, when a cheque was…

In a bold and contentious statement, Caitlin Long has asserted that 99% of the crypto industry should be eliminated to decrease leverage buildup and improve the industry’s future advancement. Industry Overhaul Demanded For Sustainability Caitlin Long, Founder and CEO of Custodia Bank, a crypto asset banking company, has called for a seismic change in the crypto industry and its practices. The CEO emphatically suggested that only 1% of the crypto industry should be allowed to operate while 99% of the industry should be destroyed and the majority of crypto firms in the industry “flushed out.” In a heated interview with…

Since the start of 2023, the size of the stablecoin economy has decreased amid numerous redemptions. However, new stablecoin asset projects, such as Aave’s GHO, First Digital’s FDUSD, and Paypal’s PYUSD, have emerged. On September 1, a stablecoin protocol named Prisma Finance was launched, enabling users to deposit liquid staking derivative tokens for a token called MKUSD. Since its inception, the protocol has secured $55 million in locked value. Prisma Finance Stablecoin MKUSD Joins $123B Fiat-Pegged Crypto Economy Another stablecoin, MKUSD, has entered the stablecoin economy, a large group of fiat-pegged coins now valued at $123 billion as of September…

Bitcoin (BTC) has experienced little price movement this week and is up by only 0.25% in seven days, according to data from CoinMarketCap. Following the announcement on Wednesday that federal interest rates will remain at their current level, the premier cryptocurrency showed the expected reaction, maintaining its price above $27,000. However, over the last two days, Bitcoin has witnessed a slight price decline of 2%. As the most-priced blockchain asset now hovers around $26,500, crypto analyst Captain Faibik has predicted an incoming bullish run, which may see BTC close out 2023 with impressive gains. Analyst Says Bitcoin Is Poised For 30%…

Shiba inu was a notable mover to start the weekend, as the meme coin rose for a second consecutive session. The surge comes despite the global crypto market cap mostly consolidating today. Chainlink also raced higher, hitting a five-week high. Shiba Inu (SHIB) Shiba inu (SHIB) continued to move away from a recent support point on Saturday, as the price rose for a second straight day. SHIB/USD peaked at $0.000007391 earlier in the day, which comes following a low of $0.00000725 the day before. The move saw shiba inu distance itself from a floor of $0.00000710, moving closer to a…

As October approaches, the crypto community will have their eyes set on the US Securities and Exchange Commission (SEC), as it has some key decisions to make that could invariably affect the crypto industry and everyone in it. SEC Appeal Incoming? The SEC is expected to decide whether or not to appeal the ruling in its case against asset manager Grayscale, with the deadline for an appeal being October 13 (45 days from the court’s ruling). On August 29, Grayscale secured a landmark victory against the SEC as the District of Columbia Court of Appeals ruled that the regulator failed…

A technical analysis tool called Bollinger Bands uses price volatility to provide probable entry and exit opportunities in trading. They are made up of two outer bands or lines and a centerline (the simple moving average for a 20-day period), which enlarges and contracts in response to changes in price. For thorough market analysis, they are frequently utilized in conjunction with other technical indicators.Bollinger Bands, explainedBollinger Bands were created by John Bollinger in the 1980s. They are a useful technical analysis tool used in cryptocurrency trading and other financial markets to evaluate price volatility, pinpoint probable reversal points, and make…