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An artificial intelligence (AI)-based altcoin is faltering after gaining support from the world’s largest crypto exchange platform by trading volume. In a new announcement, Binance says that it is adding support for Sahara AI (SAHARA), a decentralized AI platform that enables users to develop and monetize AI models, datasets and applications. “Binance is excited to announce that Sahara AI will be added to Binance Simple Earn, ‘Buy Crypto,’ Binance Convert, Binance Margin, and Binance Futures.” News of the addition had a negative impact on the price of SAHARA, as the digital asset went from a peak of $0.141 earlier today to its current price of $0.096, a dip of over 32% in just a few hours. Earlier this week, SAHARA was also added to Binance Earn, a program that allows traders to generate passive income by staking crypto. In its official litepaper, the development team behind Sahara AI says its purpose is to address the common issues...

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The cryptocurrency market has faced several trials throughout the past years. Government scrutiny did not spare any asset. But one particular cryptocurrency that was hit with multiple hurdles was Ripple’s XRP. The firm’s battle with the Securities and Exchange Commission (SEC) seemed like a never-ending tiff. Just as the new government came into power, XRP was seen regaining its hold in the market. While the asset has managed to record a notable surge so far, the community is eager to see the asset perform in the coming years. Also Read: Shiba Inu (SHIB) Forecasted To Rise 7,000%: Here’s When Looking Back At XRP’s Performance Over The Years Source: Reddit During the past year alone, the altcoin managed to rise by 312.85%. The asset was trading at a low of $0.3911 before jumping up to a high of $3.39. By doing so, Ripple’s cryptocurrency managed to break its seven-year curse. XRP has clearly been a top-performing cryptocurrency during this period. Despite facing a...

Ripple has been making strides in the cryptocurrency industry with its latest innovations. This seems to be impacting the price of its very own asset, XRP. But the altcoin’s price was clearly more in sync with the overall market, the community expects to witness a change in its ecosystem. The asset has surged by over 111% throughout the last month. The real question is if XRP could mimic this uptick and reach a new high before the end of this year. Also Read: Fed’s 3rd Rate Cut Due Today: What a 0.25% Drop Means for Crypto Markets XRP’s Latest Dip Source: CoinMarketCap Over the past 24 hours, the asset witnessed a major fall from a high of $2.71 to a low of $2.48. At press time, XRP was trading at $2.51 after recording a 1.40% drop throughout the last day. Unlike several other assets, XRP surged by a notable 10% over the past week. Despite its latest rally, the altcoin is 34% below its all-time high of $3.84. The asset hit this peak back in 2018, which was about seven years ...

Veteran trader Peter Brandt believes a large-cap altcoin that’s been surging as of late has one of the most bullish charts in crypto. Brandt tells his 760,700 followers on the social media platform X that cross-border payments solution XRP is in the midst of a massive breakout. The trader shares a chart suggesting that XRP’s market cap has cleared the diagonal resistance of a massive triangle pattern that has kept the market bearish for over seven years. “This the most powerful chart in all of crypto world XRPUSD.” Source: Peter Brandt/X At time of writing, XRP is trading for $2.51 with a market cap of over $142.621 billion. Another altcoin on Brandt’s radar is the payments-focused coin Litecoin (LTC). The veteran trader says it is within the realm of possibility that LTC will follow in the footsteps of XRP. “This has the potential to become another powerful chart LTC.” Source: Peter Brandt/X At time of writing, LTC ...

Litecoin (LTC) is one of the earliest cryptocurrencies to hit the market. The asset reigned over the industry and stayed in the coveted top 10 for a long time. But with the advent of new assets, LTC took a backseat. Currently, the altcoin is the 20th largest cryptocurrency with a market cap of $5.47 billion. But redemption is on the cards for Litecoin as the asset was seen surging once again. Also Read: Dogecoin Rises 17% After Musk Tweet: Should You Buy DOGE? Factors Driving Litecoin’s Potential Surge Source – Pixabay Recent Performance and ETF Developments Over the past seven days, LTC witnessed a notable spike. The asset rose by 12% and went from trading at around $64 all the way to a high of $75. At press time, LTC was trading at $72.78 with a nearly 3% spike in the last 24 hours. Source Litecoin’s uptrend was linked to Canary Capital, revealing that it is pursuing a Litecoin exchange-traded fund (ETF) with the SEC. In an attempt to obtain a green signal for a spot...

Coinbase is adding support for one artificial intelligence (AI)-focused altcoin on the Solana (SOL) network. In a new announcement, the top US crypto exchange says that decentralized physical infrastructure network (DePIN) io.net (IO) is being added to the platform for trading. Says Coinbase, “Trading will begin on or after 9 a.m. Pacific Time on October 9th, 2024, if liquidity conditions are met. Once sufficient supply of this asset is established trading on our IO-USD trading pair will launch in phases. Support for IO may be restricted in some supported jurisdictions.” IO is trading for $1.77 at time of writing, down more than 3% in the last 24 hours. With a current market cap of $168 million, iot.net is the 295th-largest crypto project. The io.net project aims to harness idle graphics processing units (GPUs) for use by machine learning (ML) and AI projects. Says the project website, “We make computing more scalable, accessible and efficien...

A closely followed crypto strategist and trader says one red-hot real-world asset (RWA) project may have more upside potential. Pseudonymous analyst Altcoin Sherpa tells his 222,700 followers on the social media platform X that MANTRA (OM) “still looks strong.” “Consolidation in the previous range and now expansion; would be careful buying here personally and think we should see a pullback around $1.23 and $1.41. But still is one of the better RWA bets and I’ve got a bag.” Source: Altcoin Sherpa/X MANTRA is a crypto project that allows the tokenization and trading of real-world assets such as commercial properties. OM is trading for $1.13 at time of writing, up 6,421% from its October 2023 price of $0.0176. Next up, the analyst says he is flipping bullish on meme token Dogecoin (DOGE). “To be determined if DOGE ever does insane numbers like 2021; my guess is not given the market cap. But it should still have a few x from he...

A closely followed crypto strategist believes that one top-10 altcoin is about to move another leg up. Pseudonymous analyst Altcoin Sherpa tells his 215,400 followers on the social media platform X that that he thinks BNB, the native asset of the DeFi protocol Binance Smart Chain, will witness higher prices this year. He also believes that the expected release next month of Changpeng Zhao (CZ), the former CEO of Binance, could be a bullish catalyst for BNB. “BNB is still one of the better majors out there right now; also going to coincide with CZ’s release date about a month from now. You can try to get ahead of this by buying BNB and also getting some BNB exposure to shitcoins (aka memes on there).” Source: Altcoin Sherpa/X Looking at his chart, the trader suggests that BNB could soon flip $612 into a support level. BNB is trading for $584 at time of writing, up more than 2% in the last 24 hours. Next up, the analyst is expressing bullish se...

Crypto investor Arthur Cheong says that “smart money” entities appear to be accumulating one well-established altcoin as of late. Cheong tells his 172,200 followers on the social media platform X that millionaire wallets are gobbling up the native token of the decentralized finance (DeFi) lending platform Aave (AAVE) amid a sharp decrease in the token’s supply on crypto exchanges. “The total supply of AAVE on exchanges have decreased by ~$18.4 million over the past 30 days Seeing a decent chunk of low 7 figs accumulation among some smart money wallets as well.” Source: Arthur Cheong/X At time of writing, AAVE is trading for $112.84. Cheong says that he can “already see the stars lining up for the next phase of DeFi growth.” The investor references BitGo’s recent controversial announcement to transition its Wrapped Bitcoin (WBTC) business to a multi-jurisdictional custody system. According to the investor, BitGo...

In a recent Analysis , the co-founders of Glassnode, Jan Happel and Yan Allemann, who go by the name Negentropic , shared their perspectives on the cryptocurrency market, specifically focusing on altcoins .  They were curious about when altcoins might start gaining significant ground, noting that they have been lagging behind Bitcoin (BTC) for some time. Negentropic observed that although Bitcoin has been leading the market trends, there are indications that the total market capitalization of altcoins is progressing. This trend is particularly noticeable, with significant players like Ethereum (ETH) closely following Bitcoin’s lead, as per their post on X on December 7. Altcoins market cap movement chart. Source: Negentropic The duo suggested this could be the precursor to a broader surge in the altcoin market. Cryptocurrency Robinhood introduces cryptocurrency trading app in Europe Cryptocurrency Here’s how much Bitcoin is up since...

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 ...

In the aftermath of Fantom’s $550,000 hack in October, a security researcher found that the attacker could have stolen as much as $170 million. The Fantom Foundation, a nonprofit organization developing the Fantom blockchain platform, has eliminated a significant vulnerability after a $550,000 hack in October. On Oct. 17, the Fantom Foundation suffered a hot wallet hack, with an unknown attacker drain ing 1% of Fantom Foundation’s funds. The foundation subsequently stopped using some of the affected wallets, reassigning them to a Fantom employee, making it a “targeted attack.” Following the incident, an unnamed security researcher found an additional potential risk associated with the hack and alerted the Fantom Foundation, according to a blog post on Nov. 20. The vulnerability was associated with a dormant admin token for Fantom’s ERC-20 FTM contract, which could potentially allow the attacker the ability to mint a portion of Fantom (FTM) for themselves on Ethereum. According to the ...

The Estonia-based firm noted that only one plaintiff in the class action lawsuit is actually based in Colorado where the suit was filed. The company behind Atomic Wallet has asked a United States court to dismiss a class action suit seeking damages from a $100 million hack arguing the claims should’ve been filed in Estonia where it's based. In a Nov. 16 dismissal motion in a Colorado District Court the Estonian firm argued it has “no U.S. ties” and its end-user license agreement required all litigation against it be filed in its home country of Estonia. Atomic also argued that only one user in Colorado was allegedly affected — which wasn The firm also claimed the 5,500 allegedly affected Atomic users agreed to its terms of service which expressly disclaims liability for losses due to theft and limits damages to $50 per user Atomic’s motion to dismiss the class action laid against them. Source: PACER Atomic said the plaintiff’s negligence claims also lack legal merit because a lega...

Bakkt is expanding its custody services shortly after its quarterly earnings report showed assets under custody declined 28%. Crypto firm Bakkt appears to be returning to digital asset custody as its primary business, adding support for six new coins, according to an announcement on Nov. 15.  Aside from Bitcoin (BTC) and Ethereum (ETH), Bakkt will expand its custodial support to include Bitcoin Cash (BCH), Dogecoin (DOGE), Ethereum Classic (ETC), Litecoin (LTC), Shiba Inu (SHIB), and USD Coin (USDC). The company expects to add more coins to its custodial services early next year. The custody of digital assets focus es on the safeguarding of cryptographic keys, which are crucial for accessing and transferring assets. Various security measures are employed by custodians, such as Bakkt, to protect assets, including cold storage of coins and multi-signature technology that demands multiple approvals for access. The announcement follows Bakkt's release of its quarterly earnings repo...

Hayes may face short-term losses on his Solana buy-in, but the long-term upside looks promising as the cryptocurrency market recovers. Arthur Hayes, the former CEO of crypto derivatives exchange BitMEX, has “admitted” to buying Solana’s SOL (SOL) at its possible local top, stressing his bullish outlook for the cryptocurrency. Fam I have something embarrassing I must admit. I just bot $SOL, I know its a Sam-coin piece of dogshit L1 that at this point is just a meme. But it is going up, and I'm a degen. Let's Fucking Go! — Arthur Hayes (@CryptoHayes) November 2, 2023 SOL’s price has rallied 500% in 11 months Hayes’ self-admitted SOL purchase occurred after it had already rebounded 500% from its market bottom near $8 in December 2022. In addition, the purchase came days after VanEck, an asset management firm supervising $76.4 billion worth of assets, predicted a 10,600% SOL price rally by 2030, citing Solana’s ability to capture the market share of its top layer-1 blockcha...