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Binance founder and former CEO Changpeng ‘CZ’ Zhao’s X account has been restricted . While its not clear why the ex- Binance chief’s X (formely Twitter) is restricted , the move comes as a surprise to many. On Thursday, US prosecutors wanted CZ prevented from leaving the US for the UAE, with allegations that he was a flight risk. This is after he pleaded guilty to money laundering charges and was released on a $175 million bond. Binance will also pay a $4.3 billion penalty as settlement with the US Department of Justice (DOJ).  After he stepped down, CZ was replaced by Richard Teng, the former head of Abu Dhabi Global Market, UAE.  The account restriction is a developing story and more will definitely come to light . Source: https://thebittimes.com/breaking-ex-binance-ceo-cz-s-x-account-restricted-tbt71422.html?utm_source=blogger_source&utm_medium=blogger_medium&utm_campaign=blogger_cam Categor...

Investing in digital assets can be complex. In recent years, Solana (SOL) has been taking on Bitcoin (BTC) and Ethereum (ETH). In this article, we will discuss Solana’s features, examine recent changes in its market dynamics with the help of the Solana price chart, and outline the critical factors that investors should consider before investing in it. Why Solana? Solana launched in 2020 and has multiple Features , such as scalability, rapid transaction processing, and minimal fees.  These qualities might explain why developers and users are drawn to the project. Scalability Solana’s high transaction volume capacity makes it a scalable platform for decentralized applications and blockchain projects.  This addresses one of the persistent challenges faced by other legacy blockchain networks. You might also like: Solana dominates crypto conversations with 42% price jump Low fees Solana offers low transaction fees, drawing decentralized finance (defi) proje...

A widely followed strategist is saying that he is bullish on the Ethereum (ETH) scaling solution Polygon (MATIC) while offering his outlook on three other crypto assets. The crypto strategist pseudonymously known as Bluntz tells his 229,400 followers on the social media platform X that Polygon has more upside potential. Bluntz says that Polygon witnessed an “immaculate vertical accumulation” over the weekend – or a series of higher highs and higher lows which typically signifies a bullish trend. The analyst shares a chart that shows MATIC surging to his target of $1. “Plenty of juice in the tank in my opinion, would be targeting at least new highs.” Source: Bluntz/X Polygon is trading at $0.777 at time of writing, up over 4% in the past day. Turning to Bitcoin (BTC), the pseudonymous strategist says that he expects the flagship crypto asset to rally after completing the last leg down of a triangle pattern. “Saw a lot of BTC doom and gloom po...

The price of gold climbed from a low of $1,978 and touched a high of $2,005 in November this month. Gold prices spiked double digits in three weeks going up by 18% in the charts. The precious metal is now at its March 2023 high and is attracting bullish sentiments in the indices. Gold is unable to hold above $2,000 leading to bearish price prediction. However, GOLD faced rejection twice this month after climbing above the $2,000 mark. It slipped in price minutes after touching $2,005 on Wednesday and is now trading at $1,995. The yellow metal is finding it hard to break the $2,000 resistance mark opening the door for a price dip. Also Read: Gold To Become Expensive & Reach $3,000: Best Time To Invest? Source: Investing.com Gold Price Prediction: A Dip Might Be on the Cards After $2,000 Rejection Source: Freepik.com Gold rallied hard this month and a rejection at the $2,000 level indicates there’s room for a downward trajectory. Investors are indulging in profit b...

Former Binance chief Changpeng Zhao (CZ) and Tron founder Justin Sun have long maintained a well-documented bromance, lending frequent support to one another’s careers (and tokens). But with CZ currently in Seattle pleading guilty to various crimes and Binance agreeing to pay one of the largest fines in the history of finance, Sun’s behavior this week is curious at best. Rumors are circulating that he might be in the process of his final exit while many wallets associated with him are involved in suspicious hacks. Indeed, blockchain observers are asking questions about mysterious, ongoing withdrawals of tens of millions of dollars worth of digital assets from Sun-championed services. On November 10, someone stole approximately $114 million from Poloniex, which Sun recently purchased. A day earlier, Binance moved 3.9 billion USDT on Tron from its cold to hot wallets. Sun promised a $10 million bounty to the Poloniex hacker if they returned the funds by Friday, November 25. So far,...

As the cryptocurrency market braces for the next bull market, investors find themselves standing at a crossroads, facing the pivotal decision of whether to anchor their portfolios in the stalwart stability of Bitcoin (BTC) or venture into the realm of altcoins.  This juncture is particularly significant for investors with minimal investing capital, seeking opportunities as market sentiment improves.  Crafting an effective investment strategy in the dynamic crypto market requires a nuanced understanding of various factors, with opportunity cost, risk tolerance, and investment strategy emerging as the central pillars shaping the decision-making process. Opportunity Cost The concept of opportunity cost looms large, in the continually growing crypto market. And investors face the dilemma of choosing between allocating their capital to Bitcoin, a proven and widely recognized digital asset, or exploring altcoins, each with their own unique value propositions.  ...

Although the cryptocurrency market has hit a rough spot following the news of Changpeng Zhao stepping down as Binance CEO as part of the $4.3 billion settlement with the United States Securities and Exchange Commission (SEC), Bitcoin (BTC) has been demonstrating bullish signs. Specifically, the renowned pseudonymous cryptocurrency specialist Trader Tardigrade observed that Bitcoin had formed “a super bullish pattern ” on the 12-hour chart, which he said was an ascending triangle continuation chart pattern in an X post published on November 21. As the cryptocurrency analyst further explained, this chart pattern was “happening in an uptrend, forming a consolidation with a rising lower trendline and a flat upper trendline,” and Bitcoin should “continue the uptrend after breaking out of the flat upper trendline.” Bitcoin ascending triangle continuation pattern. Source: Trader Tardigrade More positive signs At the same time, a colleague crypto trading expert, Crypto Tony, has no...

With Bitcoin (BTC) holding steady above $37k and Ethereum above $2k, the crypto currency markets seem to be experiencing a fresh inflow of positive sentiment. Although people can opt to buy fractions of BTC and ETH, new investors may want to start with cheaper crypto s and buy entire tokens instead of purchasing a part of more expensive options. Top 3 Cryptocurrency tokens under $3 XRP: Source – Bitcoinist XRP has had an explosive year in 2023. The crypto currency saw a price surge earlier this year when Ripple, the firm that uses XRP, was partially victorious in its legal battle with the SEC (Securities and Exchange Commission). A US court ruled that selling XRP to retail buyers did not fall under securities law. The ruling legally made XRP a non-security for retail investors and may lead to a spike in new investors before the next bull run. Also Read: Ripple’s XRP Could Rally 480% and Hit $3.8: Predicts Analyst Lido DAO (LDO): Source: Lido Lido DAO (LDO) is...

Some cryptocurrencies have seen increased short positions in the last 12 and 24 hours. While this can signal a dominating bearish sentiment in the cryptocurrency market, relevant shorting volume can also create short-squeeze opportunities for bullish traders. In particular, it is possible to weight short positions capitalization to the asset’s market cap, exchange volume, and long positions. The higher the adjusted amount of short positions against these benchmarks, the higher the bearish sentiment or the short squeeze opportunity is. Finbold retrieved long/short ratio data from CoinGlass on November 21. Notably, two cryptocurrencies among the index’s top 10 are showing a massive imbalance with high capitalized short positions. Short squeeze alert for Dogecoin (DOGE) Dogecoin (DOGE) recently saw a massive surge in its derivatives volume, as reported by Finbold. The previous increased volume continues to affect the memecoin with a huge $718.23 million worth of short positions in t...

Along with altcoins, Chainlink (LINK) experienced substantial gains in the past few weeks. Bitcoin’s (BTC) recent rise to the $38,000 mark, spearheaded this rally amid optimistic expectations of regulatory approval for a spot BTC exchange-traded fund (ETF).  However, LINK retraced some gains when a piece of fake news falsely suggested the registration of a BlackRock XRP trust, dampening the broader market rally.  Despite this setback, technical Analysis (TA) of Chainlink’s chart still generates optimistic signals. Notably, a prominent crypto analyst highlighted the potential for significant gains if LINK successfully breaks out from its current bullish chart pattern. LINK could hit $20, analyst says On Monday, November 20, widely followed cryptocurrency expert Ali Martinez shared a Chainlink chart, which demonstrates that the altcoin may be eyeing a breakout from a bull flag formation. Chainlink bull flag. Source: Ali Martinez Cryptocurrency Shibarium...

Crypto exchange Bullish acquired the popular crypto news website CoinDesk in an all-cash deal.  Financial details of the deal were not revealed, but the current management team would remain.  CoinDesk will run as an independent subsidiary within the crypto exchange. Cryptocurrency exchange Bullish completed the purchase of the popular crypto news website CoinDesk on Monday, the Wall Street Journal reported. Financial details of the acquisition were not disclosed. Importantly, Bullish, led by former New York Stock Exchange (NYSE) President Thomas Farley, acquired the news website in an all-cash deal. With the acquisition, Bullish takes the reins from crypto investor Digital Currency Group, which reportedly purchased the company in 2016 for $500,000.  Per the report, the Kevin Worth-led management team at CoinDesk will remain. Furthermore, the crypto site will run as an independent subsidiary within Bullish.  “We believe that there is...

DOGE flashes a rarely seen technical signal which has historically been followed by a parabolic rally. When memecoins go parabolic, it’s usually a market top signal and a warning that investors’ euphoria has peaked. The market witnessed similar speculative fury in the 2020 to 2021 bull market when Dogecoin (DOGE) chased after $1, Shiba Inu (SHIB) rallied by tens of thousands of percent, and NFT prices hit eye-watering six to seven-digit highs.  DOGE/USDT vs BTC/USDT weekly chart. Source: TradingView Despite only being up 13.6% for the year, DOGE’s 33.2% gain over the last month has put the asset on some analysts’ radar. Take, for example, crypto trader Tony “The Bull,” who pointed out that DOGE price rallied into the one-month parabolic SAR indicator, a move that the trader says was previously followed by a 23,000% rally. For trader s who use technical Analysis , the parabolic SAR is generally used to pinpoint “stop and reverse” signals from an asset. In short, it is used to determi...

The funds seized by Tether were linked to a “pig butchering” scam that cost U.S. citizens $3.3 billion in 2022, according to the FBI.  Stablecoin issuer Tether reported freezing $225 million worth of its cryptocurrency USDT in a U.S. Department of Justice (DOJ) probe targeting an international human trafficking ring operating in Southeast Asia.  Per the FBI, the “pig butchering” scam involved a romantic scheme set up by scammers who engineered fake crypto exchanges to steal billions from American users. The theft usually started with a “Hi” text and ended with victims trading on platforms operated by this syndicate . Blockchain analytics provider Peckshield pointed to at least six blacklisted wallet addresses. One wallet held as much as $87 million in Tether’s U.S. dollar-pegged stablecoin. These funds were held in external self-custodial wallets, meaning they did not belong to Tether customers. #PeckShieldAlert $USDT Added BlackList: 0x82e1d4ddd...

Elon Musk’s unknown crypto holdings continue to raise speculations in the crypto community.  Musk disclosed in 2021 that he only holds Bitcoin, Ethereum, and Dogecoin.  The billionaire has remained muted on cryptocurrencies this year, even as crypto prices see a resurgence and interest boost. Tech billionaire founder Elon Musk’s unknown crypto holdings continue to raise speculations in the crypto community, especially as crypto prices have seen some resurgence. In 2021, Musk disclosed that he only holds Bitcoin, Ethereum, and Dogecoin in reaction to speculations that he held meme coin Shiba Inu.  Indeed, Musk’s crypto-ties started in 2020 on the back of the bull market run that year. Through numerous tweets, Musk revealed Dogecoin as his favorite coin and announced plans to integrate Bitcoin as a payment option in Tesla and SpaceX.  However, following his acquisition of X (formerly Twitter) and an overall slowdown in crypto prices, the billionair...

In an unexpected development, Javier Milei has emerged victorious as the next president of Argentina. He secured a substantial lead over his rival, Sergio Massa, with over 55% of the votes counted and approximately 99% of the total votes tallied. This outcome signals a noteworthy shift in Argentina’s political dynamics. Milei is known for his vocal opposition to the country’s central bank. Javier Milei’s rise to the presidency is closely linked to his outspoken criticism of Argentina’s central bank. He has described it as a “scam” and a tool through which politicians exploit the public with inflationary taxes. According to Milei, the central bank does not prioritize the interests of the people. Instead, it contributes to the economic challenges Argentina is facing. Milei sees Bitcoin as a transformative solution. He envisioned it as a means to return control of money to its “original creator,” the private sector. He views Bitcoin’...