In a significant advancement within education, Zookal, a prominent educational technology enterprise, has revealed a groundbreaking AI-driven program dedicated to enhancing students’ exam preparation experiences while mitigating stress. Leading the initiative, Zookal’s Chief Executive Officer, Ahmed Haider, aims to redefine the way students prepare for crucial exams. Zookal’s groundbreaking AI program introduces a paradigm shift ... Read more

In a recent conversation with crypto analyst Scott Melker, Mo Shaikh, the CEO and co-founder of Aptos (APT), outlined three pivotal factors that could usher in a new era of mass adoption for cryptocurrencies. Shaikh believes these elements can potentially attract a billion new users to the digital asset landscape. The first factor Shaikh emphasized

This is the second round of layoffs conducted by the firm, following a smaller action in the same vein in February.

The post Chainalysis Inc. to Lay Off 15% of Employees Due to Market Conditions! appeared first on Coinpedia Fintech News Blockchain data company Chainalysis Inc. has announced that it is laying off 15% of its employees due to market conditions. The news comes as more and more firms operating within the cryptocurrency sector are forced to let staff go as the market struggles to stabilize. Losses have been particularly pronounced in the mining industry, where …

Crypto exchange Binance‘s crypto loan platform, Binance Loans, has announced that it will close all outstanding Binance USD (BUSD) credit and collateral positions. Users are advised to close their affected loans to prevent potential losses. The post Binance Loans to Close All Outstanding BUSD Credit and Collateral Positions appeared first on COINTURK NEWS.

Leveraging a smart contract on the Ethereum network, the pilot facilitated activities such as redemptions and fund subscriptions.

The post SBF’s Legal Team Moves to Halt Ukrainian Witness Testimony appeared first on Coinpedia Fintech News Attorneys for Sam Bankman-Fried (SBF), the embattled crypto exchange founder, are challenging the Department of Justice’s decision to allow a Ukrainian customer to offer remote testimony at the trial. They argue that such a move could unfairly sway the jury due to its emotional content. The Clash Over Remote Testimony The defense team’s move comes …

A leading Argentinian presidential candidate says he will launch a CBDC if he is elected – putting him on a collision course with a pro-Bitcoin dollarization advocate. According to the media outlet Ambito, Sergio Massa, the country’s current Minister of Economy and a candidate for this month’s elections, called for the creation of a digital peso during a live debate. He said:... Read More: Argentinian Presidential Frontrunners Pit BTC & Dollar Against CBDC

ADA price is correcting gains from the $0.270 zone against the US Dollar. The price is now trading above $0.250 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.256 on the 4-hours chart (data feed via Coinbase). The price could start a fresh increase The post Cardano (ADA) Price Analysis: Bulls Aim More Upsides Above $0.27 appeared first on Live Bitcoin News .

David Schwartz, Ripple’s chief technology officer, recently unveiled that his father purchased over a million XRP back in 2014

Asset management giant Grayscale Investments has filed an application with the U.S. Securities and Exchange Commission to have its Ethereum Trust into a spot Ethereum exchange-traded fund (ETF). The application, which was submitted earlier today, comes just days after the securities regulator started approving Ethereum Futures ETF. Michael Sonnenshein, the man at the helm of The post Grayscale Files To Convert $5 Billion Ethereum Trust Into An ETF appeared first on Coin Edition .

The post BCH Price Analysis: BCH Eyes $300 Despite A Bear Trap! appeared first on Coinpedia Fintech News With the market taking a bullish step in October, the altcoins are rising higher to their previous swing highs. Even the BCH price reaches the $250 mark with a remarkable growth of 10% within just two days. Currently, the overhead supply pressure at the psychological mark triggers a short correction in the Bitcoin Cash market …

Prominent South Korean video game company, Krafton who is responsible for popular games like PUBG: Battlegrounds recently announced that they are launching on the Cosmos blockchain network, at the Circle Hacker House event. DEX Osmosis’ founder Josh Lee tweeted on September 4 that Krafton will launch a Cosmos-based chain, Settlus. Lee also unveiled that Settlus The post Krafton Launches Cosmos-Based Payment System For $250B Economy appeared first on Coin Edition .

Ripple’s token price is correcting gains from $0.550 against the US Dollar. XRP price could start a fresh bullish wave unless there is a close below $0.50. Ripple’s token price is correcting gains from the 0.550 resistance against the US dollar. The price is now trading above $0.505 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.504 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it stays above the $0.500 and $0.490 support levels. Ripple’s Token Price Holds Key Support In the last XRP price prediction, we discussed a decent increase against the US Dollar. The price remained well-bid above the $0.520 level and climbed further higher, like Bitcoin and Ethereum. The price surpassed the $0.532 resistance and tested $0.550. A high was formed near $0.5493 and the price saw a downside correction. There was a move below $0.532 and $0.525. There was a break below the 50% Fib retracement level of the upward move from the $0.4907 swing low to the $0.5493 high. However, XRP is still trading above $0.505 and the 100 simple moving average (4 hours). Besides, there is a key bullish trend line forming with support near $0.504 on the 4-hour chart of the XRP/USD pair. Source: XRPUSD on TradingView.com On the upside, immediate resistance is near the $0.515 level. Besides, there is a connecting bearish trend line at $0.520. A close above the $0.520 level could send the price toward the $0.532 barrier. A successful break above the $0.532 resistance level might start a strong increase toward the $0.550 resistance. Any more gains might send XRP toward the $0.580 resistance. More Losses in XRP? If ripple fails to clear the $0.532 resistance zone, it could continue to move down. Initial support on the downside is near the $0.5065 zone and the 100 simple moving average (4 hours). The next major support is at $0.500. If there is a downside break and a close below the $0.500 level, XRP’s price could extend losses. In the stated case, the price could retest the $0.475 support zone. Technical Indicators 4-Hours MACD – The MACD for XRP/USD is now losing pace in the bullish zone. 4-Hours RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $0.505, $0.500, and $0.490. Major Resistance Levels – $0.520, $0.532, and $0.550.

The post Mysterious ‘Satoshi Nakamoto’ Social Media Presence Emerges appeared first on Coinpedia Fintech News The Cryptocurrency community seems to be buzzing as Bitcoin founder Satoshi Nakamoto’s account has posted for the first time in 5 years, and the news is spreading like wildfire! What could it possibly mean? Can some hacker/internet expert reveal his identity with the present technology? Is Bitcoin going to enter into a bullish period soon? …

The city welcomed over 4,000 fintech professionals worldwide for the event at the City of Dreams Integrated Resort in Limassol, Cyprus, from September 19 to 21, 2023. Running for more than 10 years, iFX EXPO International gives C-suite executives a common platform to connect, collaborate, and build a community that leads the financial space into …

India is planning to introduce a comprehensive global database of cryptocurrency exchanges to help law enforcement agencies combat crypto-related crimes. This initiative comes as part of India's push to align itself with international standards for regulating cryptocurrency assets. As per The Economic Times report, the launch is expected by the end of the current financial year.... Read More: India Planning to Launch Global Database of Crypto Exchanges by Next Year

An investigation into Silvergate Bank found that its collapse was brought about by a dependency on crypto deposits and “ineffective” senior management.

The renowned American author and financial journalist Michael Lewis has found himself embroiled in stern criticism from the crypto community amid his comment on the bankrupt FTX exchange. In a recent interview, Lewis opined that FTX had a solid and viable business foundation. In his view, if no one had raised doubts about FTX’s business The post Deaton Slams Michael Lewis as ‘Clown’ for Blaming CZ in FTX Debacle appeared first on Coin Edition .

The post SBI’s Winning Formula: Boosting XDC Adoption, Drawing from XRP’s Success appeared first on Coinpedia Fintech News In a significant move that could reshape the world of blockchain and finance, SBI Holdings has unveiled its winning strategy for the XDC Network, mirroring the successes of XRP. The Japanese conglomerate recently announced a Basic Agreement to establish a Joint Venture with TradeFinex Tech Ltd., the driving force behind the XDC Network, and the …

The post Celsius Network Plans for Relaunch With $450M Seed Funding appeared first on Coinpedia Fintech News The Celsius case is a significant test for the crypto industry. If they successfully relaunch, it might provide a blueprint for other failed platforms. But there are many legal and ethical hurdles to clear first. Let’s delve in to know more about the company’s revival story. Seed Funding of $450M to Revive the Ashes: Here’s …

LINK’s stagnancy could be linked to its 30-day Market Value to Realized Value (MVRV) ratio history. But the drawdown may not last long.

In the ever-evolving realm of search engines, Neeva Inc., founded by ex-Google executives, has emerged as a cautionary tale in the ongoing antitrust battle against Alphabet Inc.’s Google. The U.S. Department of Justice, in its efforts to prove Google’s alleged illegal monopoly, has spotlighted the struggles of startups attempting to challenge the tech giant. Neeva, ... Read more

The ubiquitous crypto market has been witnessing a period of downturn, particularly since the downfall of the once-eminent crypto platform FTX. In a recent YouTube video, the crypto portal Coin Bureau shed light on the two major crises in the crypto industry, namely, insider trading and wash trading, which often lead to market manipulation. The The post Crypto Manipulation Hinders SEC’s ETF Approval: Report appeared first on Coin Edition .

The embattled crypto lender is seeking final court approval for a restructuring plan that will start repaying creditors before the end of 2023.

As we assess the potential of investments for 2023, we must examine whether Cardano (ADA) has achieved the expectations of its patrons and the wider crypto markets. To gauge if ADA has been successful, we shall analyze recent developments, partnerships, and the most influential factors driving its current state as of 2023. This combination of …

Ethereum price corrected gains from the $1,750 zone against the US dollar. ETH is holding the key $1,620 support and might start a fresh rally. Ethereum is correcting gains from the $1,755 high. The price is trading below $1,700 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support near $1,690 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase unless there is a close below the $1,620 support. Ethereum Price Corrects Gains Ethereum’s price extended its increase above the $1,720 level. ETH even spiked above the $1,750 resistance zone before the bears appeared, like Bitcoin. A high was formed near $1,755 before there was a downside correction. There was a move below the $1,700 support level and the 100-hourly Simple Moving Average. The price declined below the 50% Fib retracement level of the upward move from the $1,583 swing low to the $1,755 high. Besides, there was a break below a connecting bullish trend line with support near $1,690 on the hourly chart of ETH/USD. Ethereum is now trading below $1,700 and the 100-hourly Simple Moving Average. However, the price is still above the 61.8% Fib retracement level of the upward move from the $1,583 swing low to the $1,755 high. On the upside, the price might face resistance near the $1,670 level and the 100-hourly Simple Moving Average. Source: ETHUSD on TradingView.com The next major resistance is $1,700. A clear move above the $1,700 resistance zone could set the pace for a fresh increase. In the stated case, the price could visit the $1,750 resistance. The next key resistance might be $1,820. Any more gains might open the doors for a move toward $1,880. More Losses in ETH? If Ethereum fails to clear the $1,700 resistance, it could continue to move down. Initial support on the downside is near the $1,650 level. The next key support is $1,620. A downside break below the $1,620 support might start another strong bearish wave. In the stated case, there could be a drop toward the $1,580 level. Any more losses might call for a test of $1,550. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 level. Major Support Level – $1,620 Major Resistance Level – $1,700

The post Class-Action Lawsuit Targets Binance and CZ for Market Manipulation That Affected FTX appeared first on Coinpedia Fintech News Binance, the leading crypto exchange, and its top executive, Changpeng Zhao, known widely as CZ, face mounting legal pressures. A California resident, Nir Lahav, brought a class-action lawsuit, alleging market manipulation strategies targeting former rival crypto firm FTX. Mounting Accusations Lahav’s main argument revolves around CZ’s tweets from early November, coinciding with a significant period …

Crypto activity in East Asia fell from its perch after China began its crusade against crypto in 2019. Recent moves by Hong Kong could help reverse that trend, said the blockchain analytics firm.

In a rapidly evolving legal landscape, Terraform Labs and its co-founder, Do Kwon, find themselves at the center of multiple controversies. Amidst the storm, a recent development has caught the attention of many: a group of investors has decided to withdraw their class-action lawsuit against the company and its leadership. This unexpected move raises questions ... Read more

The post Why Is The Crypto Market Down Today? Here Are The Key Factors appeared first on Coinpedia Fintech News In the early Asian trading period on Tuesday, the total cryptocurrency market cap retraced approximately 2 percent, falling to about $1.13 trillion. This decline resulted in over $111 million being liquidated within the crypto market during the past 24 hours, with long traders taking the biggest hit. Despite the recent excitement surrounding the launch of …

Binance CEO Changpeng Zhao and Binance.US are facing a class-action lawsuit filed by a California resident Nir Lahav for their alleged role in causing the downfall of rival exchange FTX. The lawsuit further accuses them of various violations of federal and California law related to unfair competition and attempts to monopolize the cryptocurrency market. The lawsuit referred to a series of tweets made by Changpeng Zhao in early November, just before the dramatic collapse of FTX. ... Read More: Binance CEO Changpeng Zhao Faces Class-Action Lawsuit Over Alleged Role in FTX's Collapse

The post Ripple IPO Valuation Predicted to Skyrocket 20x to $600. Will XRP Price Hit New ATH? appeared first on Coinpedia Fintech News Once a rumor can become today’s reality, Ripple’s much-anticipated move of the year will be an IPO. IPO has been buzzing since Ripple won the summary judgment, and Ripple’s CEO announced a success party for its true XRP community for supporting the native token all through three years. But one question everyone is keen to …

UBS expands Project Guardian, a blockchain-based initiative, to enhance market liquidity and accessibility.

In a landmark US trial against Google, Microsoft CEO Satya Nadella testified about the fierce battleground tech giants are navigating to acquire vast amounts of content essential for training artificial intelligence models. He expressed concerns over Google’s strategy of securing exclusive and costly deals with publishers, likening it to the early days of distribution deals. ... Read more

The post Binance Assists Thai Law Enforcement with Dismantling Major Crypto Scams! appeared first on Coinpedia Fintech News Binance largest crypto exchange has played an important role in assisting Thai law enforcement with two operations to dismantle criminal networks responsible for major crypto scams. Recently, Binance collaborated extensively with Thai law enforcement, responding to requests for investigations, prosecutions, and asset seizures related to cybercrime investigations. In a significant case, Binance collaborated with the …

Ethereum price started a downside correction from the $1,750 resistance against the US Dollar. ETH price is now trading above $1,640 and the 55 simple moving average (4 hours). There is a major bullish trend line forming with support near $1,640 on the 4-hour chart (data feed from Coinbase). The pair could continue to move The post Ethereum Price Analysis: ETH Revisits Key Uptrend Support appeared first on Live Bitcoin News .

Arbitrum continued its strong rally, breaking above the $0.919 resistance level to extend its bullish gains by 9% over the past 24 hours.

The post Paul Grewal’s Insightful Commentary on SBF’s Trial: What to Expect from Jury Selection appeared first on Coinpedia Fintech News The trial of Sam Bankman-Fried (SBF), the embattled 31-year-old founder of the now-defunct cryptocurrency exchange FTX, is set to begin this week. With seven criminal charges already on the table and five more pending for a March 2024 trial, Bankman-Fried looks at potential maximum sentences adding up to 110 years. This is not merely a …

In a recent development, Kenya’s parliamentary committee has taken a decisive stance against the Worldcoin cryptocurrency initiative. The committee’s recommendation to halt the initiative immediately stems from rising concerns over user privacy and the pressing need for comprehensive regulations. This move by the Kenyan government is a reflection of the growing skepticism surrounding the Worldcoin ... Read more

Bitcoin price extended its increase toward the $28,500 resistance. BTC corrected gains and is currently holding a key support at $27,350. Bitcoin climbed further higher above the $28,000 and $28,200 resistance levels. The price is trading above $27,400 and the 100 hourly Simple moving average. There is a major bullish trend line forming with support near $27,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase unless there is a move below the $26,650 support. Bitcoin Price Remains Supported Bitcoin price started a decent increase above the $27,200 resistance zone. BTC climbed higher steadily above the $27,500 and $28,000 resistance levels. The price tested the $28,500 resistance. A new multi-week high was formed near $28,565 before it saw a downside correction. Finally, the price saw a downside correction below the $28,200 and $28,000 levels. It even moved below the 50% Fib retracement level of the upward move from the $26,690 swing low to the $28,565 high. Bitcoin is still trading above $27,400 and the 100 hourly Simple moving average. Besides, there is a major bullish trend line forming with support near $27,400 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $27,850 level. The next key resistance could be near the $28,000 level. A close above the $28,000 resistance could start another increase. Source: BTCUSD on TradingView.com In the stated case, the price could climb toward the $28,500 resistance. Any more gains might call for a move toward the $29,200 level. More Losses In BTC? If Bitcoin fails to continue higher above the $28,000 resistance, there could be more downsides. Immediate support on the downside is near the $27,400 level and the trend line. The next major support is near the $27,250 level or the 100 SMA. A downside break and close below the $27,250 level might send the price toward $26,800. The next support sits at $26,650. Any more losses might call for a test of $26,000. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $27,250, followed by $26,650. Major Resistance Levels – $28,000, $28,500, and $29,200.

October has traditionally been a pivotal moment for Bitcoin’s price action. Historical data shows an enticing average price increase of 17% for the month (excluding the early, volatile years of Bitcoin). In pre-halving years, this average price fluctuation is slightly higher, around 21%. If the same price change occurs in 2023, Bitcoin could reach somewhere between $32,000 and $33,000 in October. But will this month follow the historical trend, or is a bearish turn still possible? Related Reading: Bitcoin Price To Reach $170,000 in 2025 – Mathematical Model Predicts October Over Time October has been particularly bullish for Bitcoin, with an average of 17% of price increases over the years. Since 2023 is a pre-halving year, comparisons with other pre-halving years are particularly insightful. In the pre-halving years of 2019 and 2015, the average price increase was 20%. Bitcoin monthly returns over the years. Source: intothecryptoverse In 13 years of Bitcoin price action, 9 have seen increases during October. This makes another bullish October seem quite likely. Interestingly, September, known for its bearish tendencies, has broken its pattern this year, with Bitcoin’s price seeing a 5% increase. This is the first instance of such a deviation in over 7 years. This anomaly prompts the question: could October’s price action also diverge from the historical pattern? Bitcoin Price Action In Pre-halving Years Another important caveat to consider is that during pre-halving years, Bitcoin’s price tends to exhibit a predictable pattern where there are 5-6 months when the price decreases. However, 2023 has been an outlier so far, with only three red months observed currently: In the pre-halving years, we get 5-6 red months (usually 6) In 2023, we’ve only had 3 so far. Three months are remaining till the end of the year. So based on probability, we could get three more red months or at the very least, two. pic.twitter.com/lYpykuxO0m — Predycto (@predycto) October 1, 2023 This unexpected deviation could prompt a re-evaluation of what the remaining months of 2023 may hold for Bitcoin. To see the usual six months of price decreases, every month remaining in the calendar year would need to show a reduction. Related Reading: Next Bitcoin Peak: Why It Could Still Be 2 Years Away Bitcoin In 2019: Examining Bitcoin’s price movements in Q4 of 2019 can offer a comparative perspective. Bitcoin's 2023 price comparison with 2019 . Source: BTCUSD on TradingView Q4 2019 showed significant retracements in Bitcoin’s price, as it decreased by 20% from the beginning of October until the end of the year. If we witness similar price movements this year, it will lead to Bitcoin reaching below $22,000, presenting potential opportunities and risks for investors. A Broader Impact Bitcoin’s price movements serve as an indicator of the broader cryptocurrency market. A bearish trend in Bitcoin could potentially lead to a market-wide downturn, causing an even bigger downturn for Altcoins and coins with low market capitalization. Conclusion While October is usually bullish, the anomalies witnessed in 2023 should lead to a more cautious approach to expectations during October. The absence of a bearish September provokes questions about the likelihood of experiencing a bullish October. While history provides guidance, it’s essential to remember it doesn’t dictate the future, and varying factors can alter market behaviors significantly. Investment Disclaimer: The content provided in this article is for informational and educational purposes only. It should not be considered investment advice. Please consult a financial advisor before making any investment decisions. Trading and investing involve substantial financial risk. Past performance is not indicative of future results. No content on this site is a recommendation or solicitation to buy or sell securities or cryptocurrencies. Featured image from ShutterStock, Charts from TradingView.com Predycto is the author of a cryptocurrency newsletter. Sign up for free. Follow @Predycto on Twitter.

Bankman-Fried's defense team said remote testimony would violate their client's Sixth Amendment rights and would “serve only to elicit the jury’s sympathy and outrage.”

In a recent development that has sent shockwaves through the cryptocurrency community, Binance, one of the world’s leading cryptocurrency exchanges, and its CEO, Changpeng Zhao, are facing a class-action lawsuit. The suit alleges market manipulation tactics aimed at destabilizing FTX, a competing cryptocurrency exchange. This legal battle, lodged in the Northern California District Court, adds ... Read more

The Nasdaq-listed crypto exchange Coinbase has obtained a license from Singapore’s central bank, the Monetary Authority of Singapore (MAS), to provide services to both individuals and institutions. “We’ve identified Singapore as a vital market for Coinbase,” the crypto exchange emphasized. “The nation’s progressive economic strategies and approach to regulation sync well with our global mission

Ethereum experienced a significant price surge in the past 24 hours, impacting short sellers and increasing open interest.

The Chainalysis workforce will be reduced by around 150 as the bear market bites deeper.

The post FriendTech Accounts Hacked, Assets Stolen! appeared first on Coinpedia Fintech News Several users of FriendTech have reported that their accounts were hacked and their assets were stolen. According to the founder of SlowMist, these incidents were caused by the platform’s centralized and insecure methods of registration. FriendTech allows users to register with just a phone number, email or Apple account, and does not have two-factor authentication …

The post BinanceUS Faces Class-Action Suit for Monopolizing Market! appeared first on Coinpedia Fintech News BinanceUS and its CEO Changpeng Zhao, also known as CZ, have been hit with a class-action lawsuit filed on October 2 in the District Court of Northern California. The lawsuit accuses the cryptocurrency exchange and its CEO of attempting to dominate the market by harming their competitor FTX. The plaintiff believes that there are thousands …

In the ever-evolving landscape of cybersecurity, the emergence of generative AI, particularly dark web variants like WormGPT, has cast a looming shadow over the efficacy of traditional defense mechanisms. The potential for cybercriminals to exploit this technology in orchestrating phishing attacks at an unprecedented scale raises concerns about the future of corporate cybersecurity. The intersection ... Read more