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In a recent tweet by ChainlinkGod.eth, the community ambassador for Chainlink, the blockchain network outlined its major product updates for the fourth quarter of 2023.  Chainlink successfully launched CCIP, Data Streams, and Functions, emphasizing its comprehensive platform approach. These additions play a pivotal role in covering various aspects such as data management and interoperability across different blockchains. Also read: SHIB Forms Large Red Death Candle; Will SHIB Add Another Zero? New #Chainlink product update for Q4 2023 👀 Some highlights👇 – CCIP, Data Streams, and Functions all launched this year, solidifying the fully-featured platform approach of covering data, compute, and cross-chain interoperability – Highest priority is scaling CCIP adoption… pic.twitter.com/AbLKXC4aKe — ChainLinkGod.eth (@ChainLinkGod) December 19, 2023 Chainlink prioritizes the scaling of CCIP adoption in capital markets and RWAs (r...

Brian Armstrong criticizes Senators Roger Marshall and Elizabeth Warren’s anti-crypto stance. The Senators attempted to influence the American Bankers Association to support them in crafting the anti-crypto bill. Coinbase CEO asserts that the anti-crypto stance is a bad political strategy. Coinbase CEO Brian Armstrong criticized United States Senators Roger Marshall and Elizabeth Warren’s anti-crypto stance, reflecting on their controversial anti-crypto bill. Highlighting the growing adoption and potential benefits of digital assets, Armstrong asserted, “Being anti-crypto is a really bad political strategy going into 2024.” Senators Warren and Marshall now lobbying for big banks Being anti-crypto is a really bad political strategy going into 2024 * 52m Americans have used crypto * 38% of young people say crypto can increase economic opportunities * just 9% of Americans satisfied with the… https://t.co/diawa3LOX5 — Brian Armstrong ️ (@brian_armstrong) De...

Ben Armstrong’s YouTube video discusses escalating tension between Charles Hoskinson and the XRP Army. Hoskinson’s controversial comments sparked a new chapter in the Cardano vs XRP feud. The conflict’s root cause is the “ETH gate story,” involving allegations of corruption in the Ethereum Foundation and ConsenSys. In the latest video on Ben Armstrong’s YouTube channel, the influencer dives into the escalating tension between Cardano’s Charles Hoskinson and the XRP Army. Armstrong sheds light on the recent controversial comments made by Hoskinson. The video opens with Armstrong delving into Charles Hoskinson’s unfiltered comments directed at the XRP Army. Hoskinson’s statements have sparked a new chapter in the ongoing feud between Cardano and Ripple’s XRP. The root cause of the conflict, Armstrong explains, dates back to a fallout over what is now dubbed the “ETH gate story.” The cont...

Norges Bank advances its CBDC pilot in a fifth phase, exploring introduction and design models amid evolving global payment trends. In a press release on Dec. 18, Norges Bank‘s researchers revealed that the central bank’s pilot on a central bank digital currency (CBDC) is entering a new phase , marking the culmination of a two-year effort by a working group. According to the statement, the fifth phase aims to establish the foundation for deciding whether Norway should proceed with the introduction of a CBDC or not. While exact dates were not specified, the final verdict is expected to be revealed by the end of 2025. Ida Wolden Bache, the governor of Norges Bank, emphasized that while Norway‘s current payment system functions effectively, considerations such as declining cash usage and global developments in CBDCs warrant a thoughtful approach. “Norges Bank wants to be prepared to be able to introduce a CBDC if the payment system evolves in a direction w...

Gold prices rallied last week, surpassing $2,071 per ounce. However, the price has settled at around $2,019 per ounce at the time of writing. This latest uptick signals a positive shift for the precious metal after a lackluster 2023, with market analysts forecasting further growth on the horizon for 2024. According to leading German bank Commerzbank, GOLD ’s prospects look increasingly bright, with prices predicted to reach $2,150 per ounce in the second half of 2024. Driving this optimistic forecast are expectations of interest rate cuts by the U.S. Federal Reserve, which would boost investor appetite for non-yielding assets like GOLD . Also read: Gold Prices Reach 1-Week High: Will It Reclaim $2,100 Next? Gold forecast to reach $2150 in 2024 “The upcoming interest rate cuts speak in favor of GOLD , which is why we foresee a further price increase to $2,150 in the second half of next year,” said Commerzbank strategists. “Investment demand is also likely to pick up again wit...

The average commission on the Bitcoin (BTC) network exceeded $37, reaching a yearly high. The increase in blockchain fees was caused by another wave of activity in the Ordinals segment. This has led to increased demand for block space. Source: Bitinfocharts A similar situation happened in April-May 2023. At that time, after the popularization of inscriptions — notes that can be inscribed onto the Ordinals blockchain — the average commission reached $19. Then, the demand for Bitcoin NFTs fell, but grew again in Q3 2023. Commission increases occurred due to the high demand for inscriptions on the Ordinals network. The number of these tokens and the volume of commissions show a steady upward trend. Source: Dune The beneficiaries were miners whose income jumped to the levels of Bitcoin quotes at historical highs of around $69,000. 6.25 btc fees, 6.25 btc subsidy in this block. i guess we don't need to worry about mining incentive in the future after all. https://t.co/...

The FTX’s new proposals for its bankruptcy case reportedly left out key details.  The plan omitted details on how the company will estimate the value of some digital assets and how much customers will be paid.  Details about the defunct exchange’s possible restart were also not included. Recently unveiled plans by FTX debtors to settle customer claims and bring the bankruptcy case to a close have left some important questions unanswered, Bloomberg reported. The new proposal is an amendment to the defunct cryptocurrency exchange Chapter 11 plans.   The newly unveiled reorganization plan reportedly left out some details, which has since raised concerns among creditors. One such unanswered question is how the company will estimate the value of some digital tokens and, importantly, how much creditors can expect to get back.  Furthermore, the company omitted details on whether it will relaunch as a crypto exchange. Previously, the compa...

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As you gear up for the crypto rollercoaster that is 2024, it’s worth fine-tuning your portfolio with the best cheap crypto to buy right now that promises returns, innovation, and resilience. This article unveils the must-have alt coins that could redefine your crypto experience in the coming year. It also shines the spotlight on a new player – Galaxy Fox, a meme coin that’s not just making waves but is poised for a significant rise. Galaxy Fox: the rising star Galaxy Fox has swiftly ascended to prominence, positioning itself as a top crypto to invest in before the 2024 gamefi-driven bull market. But what sets Galaxy Fox apart from the rest? Galaxy Fox navigates the realms of meme coins with its viral aesthetic, micro-cap appeal, and deflationary tokenomics. This places it in a league of its own, capturing the ...

Ali Dibadj says cryptocurrency is an investment asset every investor should have in their portfolio. Dibadj thinks the existing volatility is short-term. According to Dibadj, Janus Henderson is thinking long-term on clients’ behalf. According to Ali Dibadj, CEO of Janus Henderson Investors, cryptocurrency is an investment asset every investor should have in their portfolio as the industry becomes more established. Speaking in a Bloomberg TV program, the investment expert noted that the digital assets market is highly volatile, and people have to figure out how to position themselves. Dibadj thinks the existing volatility is short-term. Hence, his company is thinking long-term while positioning itself on behalf of its clients. He noted that there are immutable longer-term trends, and Janus Henderson Investors, as a company, is currently thinking about some of them. The investment expert identified the geopolitical environment as the first immutable longer-...

Shiba Inu had reach ed an all-time high of $0.00008616 on October 28, 2021. SHIB was a rock star cryptocurrency back then as it rallied 85,000,000% (85 million percent) between 2020 to 2021. Early investors turned into millionaires with SHIB with a mere investment of $500 and above. Read here to know how a truck driver earned $1.7 million in Shiba Inu with an investment of $650 only. The dog-themed token had deleted six ‘zeroes’ in 10 months in 2021 making early investors sit on sacks of profits. Also Read: When Will Dogecoin B reach Its All-Time High of $0.73? So when will Shiba Inu b reach its all-time high of $0.00008616 and how long will it take to get there? In this article, we will highlight when SHIB could climb above its ATH and reach a new high. When Will Shiba Inu (SHIB) Climb Above Its All-Time High? Source: Unsplash Leading on-chain metrics and price prediction firm Changelly has forecasted that Shiba Inu could b reach its all-time high of $0.0000...

SafeMoon, once promising, files Chapter 7 bankruptcy amid SEC fraud charges. SEC alleges executives diverted $200 million for personal use; arrests follow. Safemoon (SFM) token value drops 54% post-bankruptcy, market cap plunges from $1B to $17.18M. In a startling turn of events, decentralized finance protocol SafeMoon has filed for Chapter 7 bankruptcy amid a cascade of financial and legal challenges. This move follows the arrest of key company members by the US Department of Justice (DoJ) over allegations of misappropriating clients’ funds. The Securities and Exchange Commission (SEC) had already charged SafeMoon and its executives for defrauding customers. SafeMoon’s Chapter 7 Bankruptcy filing  The move by SafeMoon to officially file for Chapter 7 bankruptcy signals a grim outlook for the embattled cryptocurrency venture. The bankruptcy filing, submitted to the United States Bankruptcy Court in the District of Utah, comes in the wake ...

Ripple’s XRP token has flashed signs of building momentum after a funding rate spike in futures markets indicated intensifying bullish speculation. The unusual surge has fueled predictions that Ripple’s XRP could climb toward the psychologically important $1 mark in 2024. XRP briefly hit 2023 highs of $0.69 on December 9th before pulling back to $0.62 at press time. With $1 not so far away, can XRP achieve that in 2024? Bullish XRP traders take an aggressive stance While the spot markets for XRP have exhibited subdued performance, bullish traders in the derivatives markets have adopted a more assertive approach. Notably, Ripple funding rates have reached historic highs, indicating a heightened level of bullish sentiment among traders in the derivatives space. Also read: Shiba Inu Investor Turns $8,000 to $5.7 Billion, Here’s How Data from Coinglass, a prominent derivatives market analytics platform, reveals that the XRP Funding Rate hit 0.053% on Saturday, marking the ...

Ark Invest, the investment firm led by Cathie Wood, has again sold a substantial portion of its holdings in Coinbase Global Inc. (COIN) as the crypto exchange’s stock value soared to a 20-month high. The latest move comes amidst a broader reshuffling of the firm’s portfolio in response to recent market dynamics. On Dec. 13, Ark Invest sold 283,104 shares of Coinbase, valued at approximately $42.6 million, across two of its funds. The sale is part of a larger trend with the firm’s weekly sales reaching $56 million, as per their latest trade filing. Cathie Wood and Ark Invest's trade activity from today 12/13 pic.twitter.com/POmh1iS588 — Ark Invest Daily (@ArkkDaily) December 14, 2023 Ark sold 239,237 Coinbase shares ($36 million) from its Innovation ETF and 43,867 ($6.6 million) from its Next Generation Internet ETF. This follows the disposal of COIN shares worth $13.4 million on Dec. 11 and 12 and a $100 million sale last week. You might also ...

Ripple ’s XRP token has had quite a lucrative year in 2023. Since January of this year, XRP’s price has surged by almost 77%. The asset’s price increase is likely due to a US court ruling that the sale of XRP to retail clients did not breach securities laws. Also Read: What Will Ripple XRP Price Be If Bitcoin Hits $500,000? Despite its good performance this year, XRP is still down by over 82% from its all-time high of $3.40, which it attained in January 2018, almost six years ago. Most cryptocurrencies reached their all-time highs in late 2021. XRP did not rally as much in 2021 due to its legal battle with the US SEC (Securities and Exchange Commission). The lawsuit has entered a higher court in the US, and investors are awaiting a verdict. When will Ripple’s XRP reclaim its all-time high of $3.40? Source – The Coin Republic There is a possibility that the higher court will rule similarly to the district court and announce a verdict in favor of...

Since October, the crypto market has been enjoying a mostly decisive uptrend, with multiple cryptocurrencies reaching highs not seen since early 2022. Ethereum (ETH), one of the world’s most prominent digital assets, rose above $2,300 during this time. Things, however, took an unexpected turn in the night between December 10 and 11 when liquidations totaling approximately $300 million sent multiple cryptocurrencies rapidly dropping. Bitcoin (BTC) fell from more than $44,000 to below $42,000, and Ethereum declined from about $2,350 to about $2,250. Unlike Bitcoin, which somewhat stabilized, ETH continued its decline, and crypto trader and analyst AlanSantana posted his assessment and the accompanying chart on TradingView , stating that for Ethereum, “the bearish wave is only now starting, but it is already happening .” ETH price chart analysis. Source: TradingView and AlanSantana ETH is in a strong downtrend as sell volume surges In his breakdown of the current state of Ethereum,...

As the economy has a direct connection to trader activity, the Gold price has been inching back to $2000 following the release of US inflation data. Currently, the metal is trading around the $1980 range, while reaching a daily high of $1998. Subsequently, the journey to break through the $2000 threshold will arrive after a stringent battle between bulls and bears. US inflation data is always a critical part of understanding the greater picture of the US economy. Moreover, it can typically present a key factor in predicting what the Federal Reserve will look to do in future meetings regarding interest rates. Yet, as the data had fallen in line with previous predictions, the price of GOLD had not seen the stark reaction that many had hoped for. Also Read: Gold Prices Could Reclaim $2,100 Levels in Q2 of 2024: Analyst Gold Price Seeking to Break Through $1990 in Quest for $2000 Mark Although it can certainly be volatile at times, there are few investment options as popular ...

Bitcoin (BTC) and most of the top crypto currencies experienced a price retracement earlier this week. With a momentary sentiment shift from bullish to bearish, short positions increased in the crypto currency market. In this context, Finbold retrieved data from CoinGlass’s long/short ratio on December 12. Interestingly, two crypto currencies could face an imminent short squeeze , driving prices upwards amid the shifting market movements. Particularly, Uniswap (UNI) and Aave (AAVE) have seen a relevant increase in the opened short positions in the last 12 and 24 hours. Both are among the most popular decentralized finance (DeFi) protocols with multi-chain support. Short squeeze alert for Uniswap (UNI) Uniswap has the most relevant short-sellers volume and short position weight against the opened long positions. In the 12-hour time frame, UNI registers $39.14 million shorts over the $32.83 million longs, for 54.39% of the former. UNI Long/Short ratio on 12 and 24 hours. Sour...

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Traders were optimistic that now was a good time to purchase more crypto at a discount, Santiment revealed. The market cap of altcoins may reach $425 billion within the next three months, an analyst noted. Michaël van de Poppe mentioned that BTC’s momentum had slowed down and could give rise to ETH’s breakout. Despite experiencing its fastest correction in the last 120 days, crypto traders are trying to capitalize on the widespread price drop, a Santiment post on X revealed. According to Santiment, the on-chain Analysis tool, there has been a surge in “buy the dip” conversations between December 10 and the time of writing. #Crypto has experienced its fastest drop in 4 months as markets have corrected and caused mild trader concerns. There is a high level of #buythedip calls, which typically means that there is a bit of overeagerness and #FOMO on these low prices. https://t.co/cC2hJmSibv pic.twitter.com/9XjMbXfill — Santiment (@santimentfeed) December ...