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The co-founders of cryptocurrency analysis platform Glassnode believe Bitcoin (BTC) is ready to head into uncharted territory after a long period of consolidation this year. Jan Happel and Jan Aleman, who go by the handles Negentropic, told their 63,200 followers on social media platform X that “the battle for $69,000 has begun” over Bitcoin. Ta. Glassnode founders have shared a chart that suggests Bitcoin has already broken above the diagonal resistance that has kept Bitcoin bearish since March. Source: Negentropic/X In a Swissblock report, Glassnode executives said the break through resistance means Bitcoin could rise to an all-time high of…

9:05 ▪ 3 Minimum read time up to ▪ Fenelon L. Ethereum co-founder Vitalik Buterin recently warned about the centralization of staking as “one of the biggest risks” to blockchain. In a blog post published on October 18, 2024, Buterin details the potential dangers and proposes a solution within the framework of a future “Scourge” network update. Centralized staking: Ethereum’s big risk Vitalik Buterin points out that staking centralization is “one of the biggest risks to Ethereum L1.” This phenomenon primarily manifests itself at two levels: building blocks and providing staking capital. Currently, only two entities choose the content of…

Important points The Japanese National Police Agency made virtual currency history by analyzing and arresting Monero. Yuta Kobayashi (26) was arrested by Japanese authorities on suspicion of computer fraud. As a result of the agency's analysis of approximately 900 fraudulent Monero transactions in other people's names, Kobayashi was discovered as the suspect. Japan's National Police Agency announced the arrest of 18 members of a fraud group, including the suspected ringleader of the money laundering scheme. This investigation, in which nine prefectural police departments participated, is the first time that authorities have analyzed Monero (XMR) transactions and arrested bad actors. Mastermind…

In an October 20 post on X, Jürgen Schaaf, the ECB's senior adviser for market infrastructure and payments operations, called Bitcoin “a speculative bubble that will eventually burst.” He argued that this would leave “significant social harm through high energy use and facilitating illegal payments.” This anti-Bitcoin outburst follows a European Central Bank paper that Schaaf co-authored last week, which argues that long-term holders of BTC are making new market participants poorer. Central bank bitcoin riot Scharf argued that even if Bitcoin prices continue to rise and the bubble does not burst, “wealth gains by early adopters will come at…

Monero (XMR) and Tron (TRX) investors are throwing away their wallets in search of the top trending altcoins. Cryptocasino Rollblock (RBLK) is making waves with rapid player growth and impending sports betting expansion. Rollblock is expected to rise significantly in value by the end of the crypto pre-sale, turning $500 into $50,000 for smart investors who get in on the ground floor of this viral sensation. Monero suffers from global privacy crackdown Monero's price has been hit hard by the recent crackdown on privacy and cryptocurrencies in general. The recent woes in the Monero price come after the token was…

Market changes and trading dynamics are setting the stage for interesting developments in the cryptocurrency sector. Currently, the supply of Ethereum is tight due to the plummeting price. On the other hand, Toncoin price prediction shows resilience. Amid market volatility, the increasing supply of stablecoins supports Toncoin’s positive outlook.In the pre-sale market, BlockDAG is close to the $100 million mark and is poised to make significant progress. Cryptocurrency analysts suggest that now may be the best time to buy BDAG coin as its price will soon rise. With some predicting the potential ROI for early backers to be 20,000x, the…

The cryptocurrency's market cap has surpassed $2.5 trillion for the first time since late July as Bitcoin races towards $70,000, but will this week's economic report add more momentum? Additionally, the U.S. presidential election is just two weeks away, which “should begin to create a more volatile situation,” the Kobisi letter said. Economic event October 21st to 25th On Wednesday, existing home sales data will be released that will provide insight into the health of the housing market. While the housing market has a significant impact on economic activity in the United States, it has little impact on the cryptocurrency…

Bitcoin Bitcoin And cryptocurrencies are soaring amid concerns over out-of-control government spending and former US President Donald Trump's crypto-bombing rhetoric. Earn over $3,000 in benefits, including unparalleled access to Web3's community of top entrepreneurs, creators, and investors, premium networking, priority access to global events, and free access. forbes.com and our forbes Cryptocurrency and Blockchain Advisor Newsletter. Apply now! The price of Bitcoin is within reach of $70,000 per Bitcoin, the all-time high of $73,000 hit earlier this year on the back of BlackRock's Bitcoin and the Wall Street revolution in cryptocurrencies. is slightly below. Tesla CEO Elon Musk says cryptocurrencies…

Bitcoin price is approaching the $70,000 resistance level, and a solid close above this mark could start a bull run that retests the ATH. Ethereum price is approaching a downtrend line, and a close above it would signal further upside. Ripple price is consolidating near the 200-day EMA of $0.552. A higher close suggests a possible recovery. Bitcoin (BTC) is approaching a resistance level around $70,000. A solid close above this mark could spark a rally that retests all-time highs. Ethereum (ETH) is approaching a downtrend line, with a breakout and close indicating a potential upside. Ripple (XRP) is also…

The number of Ethereum (ETH) accumulated addresses is rapidly increasing, and the number of addresses currently held exceeds 19 million ETH, almost doubling from 11.5 million in January 2024. This significant increase marks a significant institutional milestone following the approval of the Spot Ethereum ETF earlier this year. Adopted. According to CryptoQuant data, analysts predict that accumulated addresses will exceed 20 million ETH by the end of the year, and the value of these holdings could be around $80 billion, or $4,000 in ETH.ETH/USD technical analysis points out key resistance levelsETH is currently trading at $2,649 and is testing key…