Analysis Today TheBitTimes.com

PEPE’s price has seen remarkable gains after BTC’s price breached the $31K level. Santiment shared that post-BTC’s success, PEPE’s supply started decreasing. At press time, PEPE was worth $0.0000009355 after its price climbed over 26% in 24 hours. After Bitcoin (BTC) exceeded the $34K threshold, certain meme coins started experiencing some remarkable movements, and Pepe (PEPE) was no exception. It now seems like PEPE is picking up some positive momentum again after there were significant disagreements within the PEPE development community over the past few weeks. Certain prominent developers sold tokens from their multi-sig wallets without permission, resulting in a sudden decrease in PEPE’s value. However, the current Pepe leadership has assured the community that they have removed the individuals responsible for these actions and they intend to shift their attention purely towards developing PEPE going forward. A recent X post shared by the market...

Cryptocurrency exchange Coinbase has denied reports that it has introduced $5,000 weekly limit s on Bitcoin (BTC) withdrawal s. In a post, one user X (form. Twitter) claimed he had encountered a limitation on withdrawing Bitcoin from Coinbase. The limit was $5,000 per week. The post received over 250,000 views, over 420 retweets, and almost 2,000 likes. It also caught the attention of cryptocurrency researcher Chris Black, who asked if anyone could verify the claim made. . @Coinbase is limiting bitcoin withdrawls. I just tried to send BTC from Coinbase to my cold wallet, and encountered a NEW $5k/wk withdrawl limit policy (implemented 10/13). I've been a Coinbase customer for 10 years. GET YOUR BITCOIN OFF EXCHANGES!!!! — Colin Brown (@thecolinbrown) October 23, 2023 It later turned out that there are no restrictions on withdrawing BTC to Coinbase. According to the user, exchange support contacted him and unblocked BTC. “Unfortunately, they offered a prett...

Solana DeFi platforms Marinade Finance and Orca Finance restrict access for UK users due to FCA regulatory guidelines. Marinade Finance and Orca Finance, leading platforms in Solana’s decentralized finance (DeFi) ecosystem, have implemented geo-restrictions for users in the United Kingdom, citing the need for regulatory compliance. According to the site, the restrictions are related to the latest Financial Conduct Authority (FCA) mandates. While the platform’s landing page for UK visitors displays an advisory notice, it also assures users that existing assets can be withdrawn and managed via their software development kit (SDK). Marinade Finance currently dominates Solana’s total value locked (TVL), boasting approximately $248 million in assets across its native and liquid staking offerings. When considering the broader Solana ecosystem, total assets amount to an estimated $350 million, as reported by DefiLlama. You might also like: Blockaid secures...

The TD Sequential has indicated a sell signal on the Bitcoin daily chart. BTC could drop to $28,630 in a likely price retracement. The predicted pullback is supported by a significant 74.21 RSI value. A sell signal has emerged on the Bitcoin daily chart that could return the price to $28,630 according to Ali, a renowned technical analyst. The expert posted the latest BTC price prediction on X, where he provided pictorial evidence to show that TD Sequential has indicated a sell signal on the Bitcoin daily chart. #Bitcoin | The TD Sequential presents a sell signal on $BTC daily chart. Watch out for a potential #BTC correction to $29,500 or even $28,630! You can try this trading strategy at @PrimeXBT. Use the promo code **alicharts** and register here: https://t.co/LbAqCIiIIa pic.twitter.com/aMh5FckBLC — Ali (@ali_charts) October 23, 2023 Ali’s latest Bitcoin price prediction follows a previous Analysis where he analyzed a potential head-and-shoulder...

FLOKI teased an exciting development set to be announced at the end of this coming week. The cryptocurrency community reacted positively to the post as FLOKI’s price surged more than 17% over the past 24 hours. FLOKI was also the second best performing meme coin over the past 24 hours. FLOKI revealed on their official X page yesterday that the project is preparing for a significant announcement. According to the post, the announcement will be made on 27 October 2023. Meanwhile, the cryptocurrency community seems to be eagerly awaiting this announcement as the meme coin’s price skyrocketed over the past 24 hours. #Floki is preparing for yet another significant announcement on 27.10.2023. In this journey, patience is the key virtue! Do you have the patience to navigate through this intricate maze though?#SaturdayVibes pic.twitter.com/3xOVYiPXSH — FLOKI (@RealFlokiInu) October 21, 2023 According to data from the cryptocurrency market tracking website ...

Shibburn revealed that the number of SHIB tokens burnt in the past week and the past 24 hours has dropped. According to the post, the current supply of SHIB stands at 589,338,753,996,790. Despite the decrease in token burns, the price of SHIB was able to rise 1.07% over the past 24 hours. The Shiba Inu (SHIB) burn tracking platform Shibburn revealed that the number of SHIB tokens burned over the last week and the last 24 hours has dropped. According to the post, 26,567,612 SHIB was burnt in the past 24 hours, which was a 59.12% drop compared to the previous day.  HOURLY SHIB UPDATE$SHIB Price: $0.00000693 (1hr 0.23% ▲ | 24hr 1.88% ▲ ) Market Cap: $4,082,500,553 (1.73% ▲) Total Supply: 589,338,753,996,790 TOKENS BURNT Past 24Hrs: 26,567,612 (-59.12% ▼) Past 7 Days: 254,514,209 (-26.76% ▼) — Shibburn (@shibburn) October 20, 2023 Similarly, the amount of tokens burnt over the past week experienced a 26.76% drop compared to the week before. According to the ...

A widely followed crypto analyst is sharing an update on Bitcoin (BTC)’s bull market progression while taking a hard look at Dogecoin (DOGE). Pseudonymous crypto trader Rekt Capital tells his 360,700 Twitter followers that BTC’s “bull market process” is about a quarter of the way through. “BTC Bull Market Progress: 25.7%” Source: Rekt Capital/X BTC is worth $29,524 at time of writing, up 10% in the last seven days. In the latest edition of his Altcoin News letter, the trader says DOGE’s recent movements have rendered a bullish divergence invalid. “Dogecoin is still meandering at the bottom of the Channel, however the latest development in price is that the potential bullish divergence is now most likely no longer valid. This is because the lower low had lapsed as support last week and in that same week turned into new resistance, with price also this week confirming that as new resistance.” The trader says...

The New York Attorney General (NYAG) has filed a lawsuit against Digital Currency Group (DCG) and its CEO Barry Silbert, Genesis and its ex-CEO Michael Moro, and Gemini. The lawsuit alleges that these three companies defrauded 230,000 investors, including about 29,000 New York residents, out of more than $1 billion. According to the complaint, Silbert and the other defendants lied and schemed to defraud Gemini Earn stakeholders, especially regarding the financial condition of its primary partner, Genesis. The NYAG alleges that Gemini misled investors about Gemini Earn, an investment program operated in collaboration with DCG subsidiary Genesis Global Capital. Gemini promoted Gemini Earn as a low-risk investment yielding ultra-high interest rates. Unfortunately, despite these claims, Gemini Earn failed, losing over $1 billion of its customers’ money. Genesis is also bankrupt.  At one point, Sam Bankman-Fried’s Alameda was the borrower for nearly 60% of all outstanding loans fr...

The cryptocurrency community has finally witnessed the end of the long-running court room standoff in which the United States Securities and Exchange Commission (SEC) sued Ripple over the issuance and selling of XRP – with the SEC retreating from the case. Specifically, the SEC has agreed to dismiss the civil allegations against the blockchain company’s CEO, Brad Garlinghouse, and co-founder Chris Larsen, according to the court documents shared by a former federal prosecutor and popular commentator on the case, James K. Filan, in an X post on October 19. #XRPCommunity #SECGov v. #Ripple #XRP BREAKING: CASE DISMISSED AGAINST BRAD GARLINGHOUSE AND CHRIS LARSEN pic.twitter.com/BYTe9152jM — James K. Filan (@FilanLaw) October 19, 2023 SEC’s capitulation Commenting on the development, Garlighouse pointed out that this was his company’s third victory against the regulator, arguing that the SEC targeted him and Larsen in a “ruthless attempt to personally ruin us and the com...

The crypto currency market witnessed an unexpected surge in excitement due to the circulation of false reports suggesting that the Securities and Exchange Commission [SEC] had approved BlackRock’s Bitcoin exchange-traded fund [ETF]. This erroneous information resulted in a sudden and sharp increase in Bitcoin [BTC] prices, pushing them to the $30,000 mark. This unanticipated frenzy highlighted the robust demand for regulated BTC investment products. This left many in the crypto community both intrigued and skeptical about the SEC’s true intentions. Matrixport’s recent research Analysis has illuminated the potential repercussions of BlackRock’s BTC ETF receiving regulatory approval on Bitcoin’s price. The study reveals two distinct scenarios, offering valuable insights into how the market might react to such an approval. The first scenario represents a conservative estimate. The research envisions that if the BlackRock Bitcoin ETF secures regulatory cle...

The MultiversX CEO discussed the recent interest of Meta and Apple in the metaverse domain and analyzed their respective approaches. The Metaverse concept gained a lot of traction both from the crypto community and venture capital firms during the peak of the bull run. The likes of Meta (Facebook) and Apple joining the metaverse bandwagon only gave more legitimacy to the concept. However, the approach of both multi-billion dollar tech firms has been quite a different approach towards it. On one hand, Meta shifted its whole focus to virtual reality (VR) and recently released new smart glasses in partnership with Rayban while Apple incorporated a spatial computing approach and focused on augmented reality (AR) more and launched its own AR glasses earlier this year. Blockchain-based metaverse-focused platform MultiversX CEO Beniamin Mincu believes the spatial computing approach by Apple is more catered towards the metaverse goal than Meta’s VR quest. In an exclusive interview with Coi...

The IRS proposed the new crypto tax reporting rules in August earlier this year and if approved the new crypto tax regime will come into effect from January 2026. Coinbase crypto exchange chief legal officer Paul Singh Grewal called upon the crypto community to join the movement against the United States Treasury’s proposed tax reporting regulations on crypto currencies. Grewal urged the community to oppose the proposed regulations as it could set a dangerous precedent for surveillance. Grewal took to X (formerly Twitter) to address the concerns associated with the proposed crypto tax reporting rules and claimed that the proposed regulations go beyond the congressional mandate to establish tax reporting rules. He added that if the proposed regulations become a law, it would put the “digital assets at a disadvantage and threaten to harm a nascent industry when it's just getting started. “ Everyone who cares about fairness and supports American innovation should chime in on Tre...

SUI’s price hit an all-time low at $0.367, raising concerns for investors. Sui Foundation denies manipulation allegations and claims transparency. Technical indicators signal a potential further decline in SUI’s value. The crypto community witnessed another tremor as the price of SUI, the native token of the recently launched Sui blockchain, hit its all-time low. However, amidst this price turbulence, the Sui Foundation fervently denies any wrongdoing related to token manipulation. Turbulent times for SUI investors In the early hours of Wednesday, SUI’s price sank to an all-time low of $0.367. If bears breach this support zone, it could trigger further selling pressure and lead to a deeper price decline. At press time, SUI was trading at $0.3764, down 3.3% in the preceding 24 hours. Furthermore, CoinStats statistics show that SUI lost 8.42% of its value in the last seven days.  As a result, many investors are seemingly anxious, p...

The world’s largest so-called decentralized exchange, Uniswap, has introduced a 0.15% fee on its most popular trading pairs — a move that will not benefit UNI tokenholders. Incredibly, Uniswap Labs founder Hayden Adams claims that this new fee is separate from Uniswap Protocol’s fee switch function, which UNI token holders govern. Aggravating UNI holders with this decision continues a long history of overlooking Uniswap’s curious coin offering. Indeed, the price of UNI has declined 91% since its all-time high. Worse, Uniswap functioned for two years without the need for any governance token. Coinciding with a generous allocation to Adams and a group of early insiders, Uniswap oddly bolted its UNI token onto its otherwise well-functioning ecosystem on September 16, 2020. With $3 billion in total value locked (TVL) and a #1 ranking on DEX volume leaderboards, Uniswap .org is by far the world’s most popular website to swap digital assets in a non-custodial manner. It has process...

ESMA says MiCA will take time to be fully implemented. Crypto investors, therefore, remain at risk in the meantime. Bitcoin is trading well under the $29,000 level on Tuesday. All eyes are on Bitcoin after ESMA – the European Securities & Markets Authority cautioned crypto investors on Tuesday. MiCA will take time to be implemented Earlier this year, the European Union approved an extensive set of regulations for crypto assets that it’s calling Markets in Crypto-Assets Regulation. On Tuesday, however, ESMA warned crypto investors that it will likely take until December of 2024 for MiCA to be fully implemented. It is also worth mentioning here that a bunch of crypto firms will be able to remain in business without an EU license in states that grant them a transitional period of 18 months – which means full protections in these EU states will not be available until July 2026. At writing, Bitcoin is trading well under the $29,000 lev...

PEPE faces bearish headwinds as it struggles to breach the $0.0000006958 barrier, with support at $0.0000006559. Short-term lag in PEPE’s price may give way to a bullish reversal, with potential resistance at $0.0000006550. Stochastic RSI hints at an undervalued PEPE, but MFI suggests lingering selling pressure in the market. In the previous 24 hours, the Pepe (PEPE) market has suffered a significant pullback after bulls failed to break through the $0.0000006958 barrier. As a result, bears dragged the PEPE price down to an intra-day low of $0.0000006559 before establishing a modest comeback. However, negative momentum remained dominant at press time, with PEPE trading at $0.0000006666, a 1.76% drop from its 24-hour peak. If the bearish trend continues and the $0.0000006559 support level is breached, the next level of support to look for is around $0.0000006450. This level has previously functioned as a solid support zone and may attract bargain-hunting b...

In the realm of crafting compelling content, three critical elements stand out: “perplexity,” “burstiness,” and “predictability.” Perplexity serves as a gauge for the intricacy of the text, while burstiness delves into the ebb and flow of sentence structures. Predictability, on the other hand, determines the likelihood of anticipating the subsequent sentence. Humans often craft their compositions with a captivating blend of long, intricate sentences interspersed with shorter, punchy ones, creating an engaging cadence. Conversely, AI-generated text can be fairly uniform in structure. Thus, as we embark on the task of creating content, the aim is to infuse it with a healthy dose of perplexity and burstiness, while minimizing predictability, all while adhering to the use of the English language. With these objectives in mind, let’s reimagine the following text: “Stock markets flashed green at the weekly open, and crypto prices followed. Afte...