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Dec 31, 2023 at 13:11 // Price Author Coin Idol DOGE has been trapped between moving average lines over the past week. Buyers tried unsuccessfully to bring the price back above the 21-day SMA. Long-term outlook for Dogecoin price: bearish Dogecoin (DOGE) price is expected to decline further if it breaks below the 21-day SMA on December 19. On Dec. 26, the bears pushed the price above the 50-day simple moving average, but the bulls bought the dips. The bears now have the upper hand and DOGE is falling. The cryptocurrency will test the support of the 50-day simp

As 2024 approaches, the investment landscape is once again shrouded in uncertainty regarding the potential performance of various investment products. The ambiguity becomes particularly pronounced when deciding which products to choose. Seeking clarity on potential investment options, Finbold turned to the generative artificial intelligence (AI) tool Google Bard Alphabet (NASDAQ: GOOGL). In this pursuit, the tool offered insights into four potential commodities to consider for purchase in 2024. Gold The tool identified the precious metal as a potential commodity to invest in for 2024, citing its historical status as a hedge against economic uncertainty. According to Bard, gold is chosen for its likelihood to guarantee safety if global economic concerns or geopolitical tensions resurface or escalate. However, the AI platform cautioned that investing in gold has several risks. In this case, investor sentiment and global events heavily influence the demand for gold. Rising interest

With the potential arrival of the first approval nearing, VanEck has released a brand new spot Bitcoin ETF commercial. Indeed, the Bitcoin ETF applicant has joined firms such as Bitwise and Hashdex to begin advertising the currently pending investment product. The investment solutions firm took to X (formerly Twitter) to share the commercial with the caption “Born to Bitcoin.” Conversely, it is one of many advertisements that have been released amid the impending US Securities and Exchange Commission’s (SEC) first-ever spot Bitcoin ETF approval in the United States.  JUST IN: VanEck releases new Spot # Bitcoin ETF commercial. pic.twitter.com/1F0gtbyPJE — Watcher.Guru (@WatcherGuru) December 29, 2023 Also Read: VanEck Predicts First Spot Bitcoin ETF Approval for Q1 2024 VanEck Gets in On Bitcoin ETF Ad Fight With Latest Commercial For the past several months, discussions on a spot Bitcoin ETF in the United States have dominated the digital asset industry. More than

The SEC and Terraform Labs are expected to face a trial on January 29, 2024. The trial will expose Jump Trading’s alleged involvement in the case. The court’s decision follows its recent ruling against Terraform Labs, alleging the firm violated securities laws. In a recent development in the legal tussle between Terraform Labs and the Securities and Exchange Commission (SEC), the court has ordered a trial, scheduled for January 29, 2024, in the Manhattan federal court. The decision follows the court’s recent ruling in favor of the regulators that claimed Terraform Labs and its Co-Founder, Do Kwon, were responsible for unregistered securities trade. The scheduled trial intends to examine the “aggressive enforcement strategy” of the SEC along with unveiling the involvement of the investment firm Jump Trading in the case. According to U.S. District Judge Jed S. Rakoff’s ruling, the regulator’s allegations against Jump Trading were “compelling but circumstant

Business Insider reviewed crypto trading platforms KuCoin, Coinbase, Kraken, and Gate.io. It rated KuCoin 5/5 for its investment selection and granted it an overall 4.51 score. Ahead of 2024, Business Insider, a well-known multinational financial and business news publication, reviewed crypto trading platforms KuCoin, Coinbase, and Kraken and rated KuCoin over its rival crypto exchanges. Business Insider highlighted KuCoin’s extensive digital assets services, including staking opportunities, NFTs, futures, and trading bots. KuCoin received a 5/5 rating for its investment selection. Additionally, the publication also granted the exchange a rating of 4.4 for trading fees, operational ethics, and accessibility, culminating an overall score of 4.51. Meanwhile, the report rated Kraken 3/5 in ethics, 5/5 in investment selection, and an overall rating of 4.35. Similarly, Coinbase was rated an overall rating of 4.35. Kraken and Coinbase were rated above KuCoin in the

VeChain (VET) has been actively involved in various development initiatives and projects, including the recent introduction of “The HiVe” event. The event has garnered attention from the Web3 community. Throughout 2023, the VeChain team has been consistently providing updates on their ongoing developments and has multiple projects in progress. Furthermore, on March 6, 2023, they released a new whitepaper, unveiling the VET 3.0 protocol. VeChain is trading at $0.03728 at press time, according to CoinMarketCap, with a 1.2% surge in value over the last 24 hours. Alongside the whole cryptocurrency market, VeChain is also trading in green. With the New Year almost here, here is our price prediction for VeChain this new year. Also read: Solana New Year Price Prediction: How High Can SOL Go? VeChain Price Prediction for New Year Various factors, such as market conditions and price action, will determine whether VeChain’s VET can shoot up in price this new year. Based

Ripple, one of the major XRP sellers, uses its monthly unlocked reserves to fund its operations and team members. By December 21, the company had already dumped 240 million XRP ($148.8 million). This was 40 million tokens more than this month’s unlocked and held amount, suggesting Ripple is liquidating its reserves. Notably, the remittance network’s sell-off continue s as the company spent another 70 million XRP on December 27. The total spent this month surpasses $192.2 million worth of XRPs, and there are still million s of dollars left in its reserves. As developed, Ripple sent the 200 million XRP to its reserves on December 1. Further, the payment protocol made two transactions of 60 million tokens each on December 6 and 12 and a 120 million XRP payment on December 20. ‘Ripple (1)’ transactions historic. Source: XRP Scan Ripple’s monthly dumps and what is left in its reserves Cryptocurrency Top altcoins to watch in the crypto market in 2024

The cryptocurrency market is experimenting with a retracement on December 26, with Bitcoin (BTC) triggering the drop. This correction comes amid rumors of Mt. Gox finally paying its 10-year creditors from the exchange collapse in 2014. As the bearish sentiment intensifies, Bitcoin short-sellers are monetarily rewarded with meaningful profits. Therefore, other speculators have increased their short positions, which can further trigger short- squeeze liquidations. In this context, Finbold retrieved derivatives data from CoinGlass to spot short- squeeze opportunities for January 2024. A short squeeze happens when short-sellers are forced out of their short positions amid a price surge, liquidating these traders and driving the price even higher. Short squeeze alert for Bitcoin (BTC) in January 2024 Notably, Bitcoin has high-weighted liquidations to the upside in the weekly time frame. In particular, the $44,640 price can quickly become a target for market makers, with $894.76 mil

Mt. Gox creditors confirm Japanese Yen refunds via PayPal after a decade-long wait. Mt. Gox’s 2014 collapse, losing 950,000 Bitcoins, triggered years of legal battles. The extended repayment timeline could influence 2024 market dynamics. After a decade of anticipation, creditors of the infamous Mt. Gox Bitcoin exchange are finally receiving repayments for their locked-up funds. Recent reports on social media, particularly Reddit, suggest that Mt. Gox has initiated the distribution of Japanese Yen-denominated refunds through PayPal. This comes a few months after Mt.Gox hinted at making BTC payouts before the end of 2023. The development marks a significant development in one of the largest cryptocurrency exchange collapses, where approximately 950,000 Bitcoins worth $450 million vanished in 2014, leaving creditors in limbo for years. A decade-long wait On December 25, users on the mtgoxinsolvency Reddit page shared their experiences of receiving Japanese

A closely followed crypto analyst says that one on-chain metric is signaling that meme asset Dogecoin (DOGE) may soon witness a burst to the upside. Crypto analyst Ali Martinez tells his 37,300 followers on the social media platform X that the memecoin is experiencing a steady rise in the number of new addresses, contributing to its expansion. “Dogecoin is experiencing a notable network expansion! There’s a steady rise in the creation of new DOGE addresses, consistently reaching new highs. This increase in network activity is a promising sign for DOGE as it lays the groundwork for a potential upward price action.” Source: Ali Martinez/X Dogecoin is trading for $0.0921 at time of writing. Moving on to Shiba Inu (SHIB), another dog-themed digital asset, Martinez says that the altcoin is seeing massive outflows from crypto exchange platforms. “Since November, there’s been a massive withdrawal of over 8 trillion SHIB from known crypto exchange wallets – that’s val

The U.S. Securities and Exchange Commission (SEC) has slapped BarnBridge DAO (BOND) and its founders with more than $1.7 million worth of penalties for allegedly offering unregistered crypto asset securities. The SEC says BarnBridge, a decentralized finance (DeFi) protocol, marketed and offered a product called “SMART Yield bonds” and compared them to asset-backed securities. A BarnBridge white paper advertised that SMART Yield bonds would “mirror the safety and security of highly-rated debt instruments offered by traditional finance,” while still providing an “outsized” return. The regulator claims BarnBridge also operated SMART Yield pools as unregistered investment companies. In total, SMART Yield secured more than $509 million in investments from investors. BarnBridge didn’t admit or deny the SEC’s findings but agreed to surrender nearly $1.5 million worth of proceeds from the SMART Yield sales. The project’s co-founders, Tyler Ward and Troy Murray, also eac

Considering the current market conditions, the quest to become a Shiba Inu millionaire demands a meticulous strategy and timely initiation. Amid the current market conditions, seizing the opportunity to acquire SHIB today holds the promise of substantial gains. However, the question remains: how much SHIB is needed to secure a million-dollar fortune? As of the latest market update, SHIB is valued at $0.00001039. In addition, $207,166,834 worth of SHIB was traded on exchanges within the past 24 hours. For aspiring SHIB millionaires eyeing the $1 million mark for $2 per coin, the formula is clear: divide the desired target of $1,000,000 by the price of $2. This arithmetic translates to the acquisition of 500,000 SHIB. Also read: How Much XRP Do You Need to Become a Millionaire if Price Hits $1? How much SHIB do you need to become a millionaire if the price hits $2? To determine the current cost of this strategic investment, the quantity of SHIB (500,000) is multiplied by the e

In the early trading hours of Friday, INJ rallied to an all-time high of $49 on Kraken. While the growth was notable, the volumes of the trade that led to it were low. On the daily market, the token continues to see increased demand. The Injective Protocol (INJ) token witnessed a surprising spike on Friday, reaching $49 on the Kraken exchange to mark its all-time high.  However, the price surge lacked significant backing, as the trading volume remained relatively low, crypto research analyst Riyad Carey noted in a post on X (formerly Twitter). INJ spiked up to $49 on Kraken on not a ton of volume. The two big overlapping trades were only worth about $70k and $40k pic.twitter.com/IhERlhoO74 — Riyad Carey (@riyad_carey) December 22, 2023 According to Carey, the two largest trades responsible for the jump were reportedly worth only $70,000 and $40,000, respectively.  This suggests the surge might have been due to specific market manipulation or wha

Dogecoin (DOGE) fans have long awaited the token’s integration on X’s payment feature. Although there has been no confirmation on when DOGE could make its way into X, MyDoge Wallet CTO (Chief Technology Officer) Alex Lewis recently shed some light on the development. While speaking with Fabrice Calmels, Lewis said the social media platform has applied for all necessary licenses to become a custodial service. The licenses would make the platform perform similarly to PayPal or Venmo. Lewis stated, “ That is a money transmitter. It ’ s similar to PayPal Venmo Cash App, like all these apps that we know to send money, you can do that. “ Also Read: Dogecoin Founder Had Another Crypto Project Before 2014; What Happened to It? In August 2021, X received a Currency Transmitter License (CTL) from Rhode Island state. The license allows X to add crypto payments. The platform also received a money-transmitter license from the state of Pennsylvania. The licenses will allow users to conne

Spot Bitcoin exchange-traded fund (ETF) issuers are stepping up their marketing campaigns as they strive to secure first-mover advantage ahead of expected approvals next month. Three advertisements centered on Bitcoin ETFs have been rolled out in under 48 hours, two of them from Bitwise and one by Hashdex Hashdex is the latest to join the fray with an advertisement introducing people to the idea of a managed crypto investment. “Stocks aren’t crypto,” it says. “Fixed income isn’t crypto. Precious metals? Nope. Not crypto either. Your Bitcoin investment deserves a crypto-focused firm. Hashdex.” pic.twitter.com/ViLJOttpks — Hashdex (@hashdex) December 20, 2023 Bitwise published its first ad on Dec. 18, featuring actor Jonathan Goldsmith, who says, “You know what is interesting these days?… Bitcoin.” A word to the wise, from a man of few words. #bitcoinisinteresting https://t.co/wantGiAIqJ pic.twitter.com/x5MPbElEev — Bitwise (@BitwiseInvest) December 18, 2023 Bitwise had the

According to Three Arrows Capital ’s liquidator, Teneo, a British Virgin Islands court has frozen $1.14 billion worth of assets belonging to the founders. According to the court order, co-founders Su Zhu and Kyle Davies and Davies’ wife, Kelly Chen, cannot transfer or sell the assets. Teneo stated, “ The worldwide freezing order has been sought in connection with claims that are being pursued by the liquidators that allege, amongst other things, that the founders should be held responsible for causing 3AC’s position to deteriorate by an amount that is equivalent to the value of the freezing orders sought. “ Three Arrows Capital was one of the largest crypto hedge funds in the world. The firm imploded in 2022 after the collapse of Terra Luna. Will Three Arrows Capital Reimburse creditors? Source: BitRss.com The liquidator, Teneo, highlighted that the firm owes almost $3.3 billion to creditors. Teneo was appointed as a liquidator by a British Virgin Islands court. However, t

As January 2024 is getting closer, a renewed wave of optimism has flooded the cryptocurrency market, the participants of which have probably made a wish for further gains and more agreeable regulators, particularly in the United States, as evident in the recent advances of Bitcoin (BTC) and altcoins . With this in mind, Finbold has analyzed the crypto sphere to arrive at the list of several altcoins , i.e., cryptocurrencies other than the flagship decentralized finance (DeFi) asset, that are demonstrating strength and, therefore, represent a good buy in January 2024. #1 Dogecoin (DOGE) As it happens, Dogecoin (DOGE) has experienced an increase in the number of accounts holding more than $1 million worth of DOGE over the past year, and at press time, it amounted to 718, with as many as 107 addresses possessing over $10 million of the famous dog crypto, as Finbold reported on December 20. Dogecoin rich list. Source: BitInfoCharts In line with the demonstrated trader confidence, Dog

In a notable development, Ripple, the entity responsible for the digital asset XRP, has received formal acknowledgment from the Central Bank of Ireland. This approval extends to Ripple’s Irish branch, Ripple Markets Ireland Limited. It is now officially recognized as a registered Virtual Asset Service Provider (VASP). This represents a pivotal achievement for Ripple’s ambitions to expand its operations in Europe, aligning with imminent regulatory adjustments. Irish Licensing Milestone Ripple Markets Ireland Limited has been included in the Register of Virtual Asset Service Providers by the Central Bank of Ireland (CBI). It granted the firm the status of a digital asset service operator in Ireland. Noteworthy is Ripple ’s inclusion alongside other prominent crypto currency entities. This includes Coinbase, MoonPay, Gemini, and Zodia Custody on the CBI’s VASP register. We’re honored to be added to the @centralbank_ie’s list of registered virtual asset service providers – allowing