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A closely watched cryptocurrency analyst warns that despite Bitcoin (BTC) rallying above $68,000, there is no room for it to take off. Cryptocurrency strategist Justin Bennett tells his 133,400 followers on social media platform . Although the price of BTC is rising, Bennett warns that the rally may not be sustainable as speculators are fueling the price rally amid low spot market volume. “People are seeing Bitcoin break out of its 7-month range before the end of the day or week, primarily on Friday (with low volume) when the perpetual futures-driven rally and OI (open interest) returned to previous levels.…

Ethereum co-founder Vitalik Buterin outlined the major risks associated with Ethereum’s proof-of-stake (PoS) mechanism. A recent blog post titled “Future Potential for the Ethereum Protocol, Part 3: “The Tragedy””. Buterin went on to explain that economic factors can lead to centralization that threatens network security. He outlined that as Ethereum continues to grow, more needs to be done to maintain it as a decentralized platform with strong security. Vitalik Buterin highlights Ethereum POS risks and solutions Buterin warned that Ethereum PoS could become concentrated over time, given the principle of economies of scale where large stakers outcompete smaller ones. This…

According to Bitcoin.com and ChainCatcher News, the stablecoin market has experienced moderate growth since October, but the overall growth is still very slow. Currently, the industry is valued at $172.7 billion, with 48.9% of stablecoins in circulation on Ethereum and 34.92% on Tron. Although the stablecoin market has expanded significantly since the beginning of this year, trading volume has been steadily decreasing since May. Trading volume peaked at $3.6 trillion at the time, but fell to $1.6 trillion last month. As of now, the trading volume in October is approximately $1.2 trillion. The number of active addresses has also declined…

Another newcomer to the cryptocurrency market is Lunex Network. The company has recently been highlighted by analysts predicting that the digital asset could reach the $10 mark before Dogecoin (DOGE). Lunex Network is currently in its third stage of pre-sale, with tokens still priced at an affordable $0.0015. Cryptocurrency experts are calling it the best altcoin to buy this year as it could potentially see a 20x return in the coming months. Meanwhile, MoonPay’s recent integration of Ripple in payments signals the increasing adoption of cryptocurrencies. Dogecoin (DOGE); Ali Martinez is bullish around $10 Popular cryptocurrency analyst Ali Martinez tweeted…

Making a cryptocurrency purchase with a credit card.getty Whether you are already experienced or just getting started with bitcoin and other cryptocurrencies, you might be interested in buying crypto with a credit card. It is possible to use your credit card to buy cryptocurrency, but it comes with unique considerations and potential fees. This article discusses the pros, cons, risks and security measures involved with buying crypto with consumer credit. By the end, you’ll have the information necessary to decide whether and how to buy crypto with a credit card. Common Payment Methods To Purchase Crypto You may purchase crypto…

The 2024 presidential election could bring major changes to the crypto industry. 2024 is already a turning point for the cryptocurrency industry, thanks to the launch of the new Spot Bitcoin (BTC 0.47%) ETF in January. For the first time in history, both retail and institutional investors can access Bitcoin directly in a quick, easy and regulatory-approved manner without having to enter the crypto market through a crypto trading intermediary. I did. But 2025 could bring even bigger changes. Of course, much of that is due to the outcome of the 2024 presidential election, which introduced cryptocurrencies as an issue…

Stablecoins can be broadly classified into the following categories based on their underlying collateralization method: Fiat-backed stablecoin These stablecoins are backed by fiat reserves, usually held in bank accounts. For each stablecoin issued, an equal amount of fiat currency is held in reserve, ensuring that the value of the stablecoin is maintained. Common examples include Tether (USDT), the first and most widely used stablecoin pegged to the US dollar, as well as Tether (USDT), which is backed by US dollar reserves and regularly audited to ensure transparency. This includes USD Coin (USDC), a stablecoin.Commodity-backed stablecoin These stablecoins are pegged to…

Updated on 10/20 below. This post was first published on October 18th Tesla billionaire Elon Musk may have intended to “keep Dogecoin in the Treasury,” but Tesla’s sudden move of Bitcoin this week sparked a Bitcoin price panic. $3,000 that gives you unparalleled access to Web3’s community of top entrepreneurs, creators, investors, premium networking, priority access to global events, free access to Forbes.com and Forbes CryptoAsset & Blockchain Advisor newsletters, and more Get more benefits. Apply now! Bitcoin prices have soared towards an all-time high of about $70,000 per Bitcoin in recent weeks, thanks to BlackRock and China, but Tesla’s…

As the two most valuable cryptocurrencies in the world, Bitcoin and Ethereum have received the most attention from the investment community. But there are also digital assets that don’t deserve attention, such as XRP (CRYPTO: XRP).This innovative cryptocurrency has been performing well since its inception over a decade ago. However, it is now down 86% from its peak in January 2018. Should investors take advantage of the current situation and buy XRP for $100 now and hold it beyond 2024? It’s worth considering both the good and the bad before drawing any conclusions .Challenge to financial servicesAccording to online cryptocurrency…

Abu Dhabi, UAE – CyBirb, a leading Web3 security company, today announced its official launch within the Abu Dhabi Global Market (ADGM), the international financial center in the UAE capital. This strategic move aims to strengthen blockchain cybersecurity and compliance capabilities across the region. With the newly secured ADGM commercial license, CyBirb will align with the Web3 ecosystem to strengthen the regional blockchain ecosystem, protect businesses from cyber threats, and build investor and consumer trust. We are poised to provide cutting-edge security services. CyBirb’s expansion marks an important milestone in strengthening blockchain security and fostering innovation in the UAE and…