Altcoin News Official Today TheBitTimes.com

A closely followed crypto trader believes that one decentralized finance altcoin is setting the stage for a huge rally. Pseudonymous crypto analyst Inmortal tells his 202,300 followers on the social media platform X that Radix (XRD) could soar by more than 51% from its current value. “Respecting the squiggly perfectly. Breakout plus retest completed. Impulse uploading.” Source: Inmortal/X Looking at his chart, the trader suggests that Radix will soar to the $0.0850 after retesting the $0.0500 level. Radix is trading for $0.0562 at time of writing, up 10.8% in the last 24 hours. Next up, the trader is predicting that Solana (SOL) could reclaim $64 after a retest of the $50 level, which has acted as support in the past. “Those equal lows have been made to be taken. Can we do $50 then $64? Thanks!” Source: Inmortal/X Solana is trading for $59.16 at time of writing, up 1.9% in the last 24 hours. Lastly, the trader says that Ethereum (ETH) will likel...

Binance, the worldwide blockchain ecosystem that is responsible for the biggest cryptocurrency exchange in terms of trading volume, successfully implemented the world’s first cryptocurrency triparty agreement with a third-party banking partner on November 30, 2023.  The implementation of this solution makes it possible for institutional investors to store trade collateral in the custody of a third-party banking partner, away from the exchange, according to the latest information shared with Finbold. This is the first in a series of pilot projects initiated by Binance, which is currently the only cryptocurrency exchange offering such a solution. The company’s aim is to directly tackle the counterparty risk issue, alleviating one of the main concerns among many institutional investors . Cryptocurrency Binance court case update as of November 29 Cryptocurrency Cristiano Ronaldo faces lawsuit over promotion of Binance ...

SHIB tokens burned in the last 24 hours surpassed 82 million as the token value decreased. The funding rate is positive, suggesting mid-term bullish sentiment for SHIB. If buying pressure keeps falling, SHIB’s price may drop from $0.0000081. The number of Shiba Inu (SHIB) tokens burned in the last 24 hours reached almost 83 million, according to data from the Shibburn website. The amount represents a 913.89% increase within the period.  SHIB burn refers to the process of removing SHIB tokens from circulation and sending them to dead wallets. The primary aim of this mechanism is to create scarcity for the cryptocurrency while increasing the value of the remaining accessible tokens. SHIB Burn Rate (Source: Shibburn) SHIB Drops, But Traders Are Bullish So, it is expected that when the burn rate increases, the price action should follow suit. However, this does not occur in all instances, as the burn mechanism targets long-term influence rather tha...

In the race to launch the inaugural spot Bitcoin exchange-traded fund (ETF), Swiss asset manager Pando Asset officially entered the competition by filing an S-1 form with the Securities and Exchange Commission (SEC). This move contributes to the expanding roster of contenders vying for approval of a spot Bitcoin ETF. It heightens anticipation within the industry for the SEC’s forthcoming decision. Pando Asset’s Spot Bitcoin Trust Subject to regulatory approval, the Pando Asset Spot Bitcoin Trust is poised to be traded on the Cboe BZX Exchange. Coinbase will be acting as its custodian. The filing specifies the utilization of CME’s CF Bitcoin Reference Rate for determining the bitcoin price within the ETF. Pando Asset already provides exchange-traded products, monitoring the prices of leading crypto currencies. This is on the SIX Swiss Exchange for European traders, as detailed on its website. Source The Ongoing Approval Struggle While the cryptocurrency industry...

Binance has significantly expanded its investment in lobbying over the last two years, already spending over $1 million between Binance and Binance.US in 2023. OpenSecrets, which relies on Federal Election Commission disclosures, details how Binance Holdings has invested $850,000 in 2023 so far and Binance . US has invested $340,000. This was an interesting inversion from 2022 where Binance . US led the spending, investing over $1 million into lobbying for Binance . US and only $50,000 for Binance . Data from Federal Election Commission via OpenSecrets. These lobbying efforts in 2022 foc US ed on two specific bills — the Digital Commodities Consumer Protection Act endorsed by Sam Bankman-Fried and the Lummis-Gillibrand Responsible Financial Innovation Act.  Among the lobbying firms retained by Binance.US is FS Vector, and this year it has been retained by other firms important to the cryptocurrency ecosystem, including Dapper Labs, Ava Labs, BankWyse, Block, Chamber o...

Terra’s LUNC token soars 80% this month, fueled by strategic investments and massive token burns. LUNC’s trading volume skyrockets to $600 million, signaling renewed investor interest. LUNC’s indicators are overbought, indicating solid bullish momentum but a potential correction. The cryptocurrency world is buzzing with the recent upsurge of Terra (LUNC), as a significant rally has sparked interest and speculation among market observers. This surge, attributed to a series of strategic moves within the Terra ecosystem, showcases a notable recovery in LUNC’s value. Strategic Investments and Token Burns Drive Momentum A critical factor in LUNC’s resurgence is Terra Classic Labs’ investment of approximately $500,000 into TerraClassicUSD (USTC), an algorithmic stablecoin associated with the Terra platform. Additionally, the Terra ecosystem has seen a substantial reduction in LUNC tokens in circulation, with about 78.24 billio...

After Changpeng Zhao, the (now former) CEO of cryptocurrency trading platform Binance, pleaded guilty as part of the over $4 billion settlement with the United States regulators to keep the business running, the US Securities and Exchange Commission (SEC) has continued to probe Binance.US. Indeed, the SEC is still looking for evidence that the company and its founder may have a backdoor – similar to that of the crashed crypto exchange FTX – to control assets stored on the Binance.US platform, according to a report on November 27. Specifically, at a Monday status conference, Binance.US argued that the SEC could not prove any misuse of the users’ assets and was overstepping while the regulators invoked the major questions doctrine requiring clear congressional authorization for regulatory actions. A joint status update is pending until mid-December. Binance’s court troubles As a reminder, Binance Holdings Limited, the entity operating the world’s largest crypto exchange,...

The exploiter behind the $46 million KyberSwap hack says they plan to outline a treaty for the potential return of funds on Nov. 30, but not if threats and hostilities from execs keep up. The exploiter behind the $46 million crypto theft against KyberSwap has demanded its execs and tokenholders ease up on the hostilities, threatening to push out negotiations until everyone is “more civil.” In an on -chain message addressed to KyberSwap executives, tokenholders and liquidity providers on Nov. 28, the exploiter said they plan to release a statement around a potential treaty with KyberSwap on Nov. 30 — but won’t do it if hostilities continue. “I said I was willing to negotiate. In return, I have received (mostly) threats, deadlines, and general unfriendliness from the executive team,” they said. “Under the assumption that I am treated with further hostility, we can reschedule for a later date, when we all feel more civil,” they warned. The @KyberNetwork exploiter sent the team another ...

Blockchain is becoming more accessible to developers, making it easier to create real-world financial solutions. Blockchain technology, with its complexity, often pushes people away instead of drawing them in. The Stellar Development Foundation, a nonprofit foundation that supports the Stellar blockchain , is leading the way to making this technology user and developer-friendly with real-world solutions through its recent activities and announcements. The hurdles on the path of blockchain adoption are steep. A significant knowledge gap exists among both business leaders and developers, as illustrated by a recent survey by Casper Labs. According to this survey, blockchain developers face a steep learning curve, with 25% citing this as a major challenge post-implementation. Close behind, 24% of developers pointed out a lack of viable tools as a hurdle, making it harder for them to fully utilize blockchain technology​. These challenges underscore the need for more intuitive and developer...

Due to UAE's National Day, Phoenix Group’s public trading launch on the Abu Dhabi Securities Exchange has been moved to Dec. 5, 2023. Cryptocurrency mining firm Phoenix Group is preparing for its public trading launch after seeing a significant oversubscription during the pre-market sale on Nov. 21. Phoenix’s public trading launch will be delayed as the firm has revised the date for its forthcoming initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX). According to an announcement on Nov. 28, the crypto mining firm expects to list its shares on Dec. 5 instead of Dec. 4, 2023, due to public holidays declared for the United Arab Emirates National Day. Celebrated on Dec. 2, the UAE National Day commemorates the formation of the UAE. The Ministry of Human Resources and Emiratization marks Dec. 2, 3, and 4 as public holidays for the private sector. “To honor this occasion and ensure comprehensive participation in the IPO, Phoenix Group has rescheduled its listing ...

In an exclusive interview with Finbold, Tim Haldorsson , the CEO of crypto and Web3 marketing agency Lunar Strategy, shared his views on institutional interest in the digital asset space. He emphasized the motivations behind the renewed institutional interest in crypto , particularly through the application of various exchange-traded funds (ETFs). At the same time, while anticipating the upcoming Bitcoin halving, Haldorsson provided insights into what to expect in terms of price movement, basing his predictions on historical price movements. In this context, the executive also discussed how altcoins are likely to be affected. Additionally, he addressed the potential impact of current global issues, such as macroeconomic factors and geopolitical tensions, on Bitcoin. Additionally, during ongoing discussions about crypto regulations, Haldorsson noted how laws in various jurisdictions influence the sector. Intriguingly, he pointed out potential outcomes in regions where cryptocurren...

Bullish LUNA price prediction ranges from $0.300 to $3.00. Analysis suggests that the LUNA price might reach above $2.5446. The LUNA bearish market price prediction for 2023 is $0.3180. Terra is an open-sourced blockchain project supporting decentralized applications (DApps) development. Its native token is called LUNA.  Terra investors are bullish on the token, although the value of their investment has decreased by over 90% in the past six months. The present all-time high (ATH) price of LUNA is $19.54, attained in May 2022 after a market implosion. Irrespective of the recent crypto winter, LUNA investors are confident that the future of LUNA is bullish. If you are interested in the future of Terra (LUNA) and want to know the price Analysis and price prediction of LUNA for 2023, 2024, 2025, 2026, and up to 2030, keep reading this Coin Edition article? Table of contents Terra (LUNA) Market Overview What is Terra (LUNA)? Analysts’ View on Terra (LUNA) T...