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On 28 November 2023, blockchain research and development company Flare Labs launched a test version of the FAssets system on Flare’s Coston testnet.  The FAssets system enables non-smart contract tokens such as Bitcoin (BTC), (XRP), Dogecoin (DOGE) and others to be used trustlessly with smart contracts on Flare, as per the latest information shared with Finbold. By minting these tokens into FAssets, it will be possible to stake them in exchange for yield or rewards in decentralized applications on the Flare network , and once the FAssets are on Flare, tokens can also be bridged to other network s. “More than 70% of the total value of all blockchain assets do not have smart contracts and therefore can’t be efficiently deployed in DeFi. FAssets enable these legacy assets to be represented on a smart contract chain without requiring a centralized third party,” said Hugo Philion, CEO of Flare Labs.  Cryptocurrency Bitcoin would trade at this price if BTC hits its all-

Ali Martinez expresses optimism about the future of Cardano (ADA), attributing its potential growth to increasing demand. Bitcoin (BTC) has stabilized around the $37,000 level, with analyst remaining bullish . Everlodge (ELDG) is also gaining attention for its potential to disrupt the real estate market. Summary Cardano might reach $0.4413 by year’s 2023 Bitcoin bulls target $42,000 Everlodge supporters expect more growth Cardano may rally above $0.4413 According to crypto analyst Ali Martinez, Cardano might rally in the near future based on positive network adoption signals and rising momentum . #Cardano sits at a key demand zone between $0.37 and $0.38. Here, 166,470 wallets acquired 4.88 billion $ADA. With minimal resistance ahead and solid support below, remaining above this zone could pave the way for $ADA to climb to new yearly highs. Still, watch out, as losing… pic.twitter.com/GDjhspFSVr — Ali (@ali_charts) November 27, 2023 Martinez highlighted data showing that a

The Biden administration is urging Congress to consider the most significant updates to the Treasury’s sanctions authority since 2001. This move aims to better regulate the use of digital assets for financial transactions in regions impacted by terrorism. According to Bloomberg, U.S. foreign trade representative Wally Adeyemo said it was necessary to introduce a “secondary sanctions regime.” Such sanctions control a company or person within the U.S. financial system because it “also puts at risk any firm that continues to do business with a sanctioned target,” he said. The Treasury “provided Congress a set of common-sense recommendations to expand our authorities and broaden our tools and resources to go after illicit actors in the digital asset space,” Adeyemo added. Over the past few months, U.S. authorities have stepped up oversight of the cryptocurrency industry and are demanding stronger measures to combat the use of cryptocurrency by terrorists. You might also lik

A crypto analyst said Blackrock Ethereum ETF approval could drive the digital asset’s price up.  Arnold stated that Ethereum could peak at $28K if it replicates previous bull cycles. The analyst noted that ETH’s price isn’t going to pump as fast or as high as in previous years. Blackrock’s Ethereum spot exchange-traded-fund filing continues to drive excitement through the crypto community as investors expect the move to push the digital asset’s price up.  In a recent video, Aaron Arnold, the host of the crypto channel Altcoin Daily, noted these bullish potentials. According to the analyst, Blackrock’s ETF approval will be the demand shock that drives Ethereum’s prices up.  The analyst continued that if the world’s second-largest cryptocurrency network by market cap increased by the same percentage it did in the previous bull cycle, then prices could go as high as $42,000. However, the analyst remarked that such a cycle may be the last of the great crypto

Bitcoin’s 30-day average intra-day move is lower than the average for traditional markets. IntoTheBlock’s analysis noted that in the past 30 days, Bitcoin recorded lower average volatility than the Nasdaq and the S&P 500. Ethereum’s 30-day average intra-day move was significantly ahead of Eastern stocks such as the Nikkei 225. A surprising development has been observed in the crypto market trends, particularly for Bitcoin, against traditional assets. In a recent tweet, prominent market intelligence firm IntoTheBlock highlighted the unexpected twist in the Bitcoin market regarding its month-long volatility trend. According to IntoTheBlock’s Analysis , the 30-day average intra-day move for Bitcoin, which is a measure of how much the price of Bitcoin moves in a single day, is currently lower than the 30-day average intra-day move for traditional markets, such as Nasdaq and the S&P 500. The on-chain analytic firm argued that the turnout implies that B

Bitcoin whales may yet spark mass profit-taking should BTC price action target $40,000 or higher. Bitcoin (BTC) held momentum at $38,000 on Nov. 29 as Analysis warned over market corrections. BTC/USD 1-hour chart. Source: TradingView Bitcoin meets macro data, Fed's Powell at key price point Data from Cointelegraph Markets Pro and TradingView showed BTC price trajectory continuing to aim for new 18-month highs. After matching current highs the day prior, the largest cryptocurrency surprised by keeping a grip on higher levels as futures markets hit $39,000. Already a topic of debate, the excitement on derivatives led some to caution that large-volume traders could still leave late long positions stranded at the top. In commentary overnight, Keith Alan, co-founder of monitoring resource Material Indicators, told traders to be wary of these “ whale games .” “Earlier today, some ask liquidity at $38k was pulled to open the door to $38.5k. Don't allow yourself to think that was a

SOL ran past the resistance around $56, with the RSI indicating more upside for the token. If Solana continues to attract institutional capital, SOL may hit a new yearly high.  If profit-taking begins before $60, the $53.93 support may prevent SOL from a nosedive. Solana (SOL) tapped $58.47 again after the altcoin followed the upward direction of the broader market on November 28. This increase could be attributed to Bitcoin’s (BTC) initial jump above $38,000 on the same day. While Bitcoin has retraced from the said value, SOL was once again the top gainer out of all the top 10 cryptocurrencies as per market value. According to the SOL/USD 4-hour chart, the cryptocurrency was able to flip the $53.93 support. However, during its upward run, SOL faced a barrier at $56.31. But with bulls in control of the market, SOL was able to beat the resistance while eyeing a fresh weekly high. Indicators like the Relative Strength Index (RSI) signal a potential for more

Changpeng Zhao has reportedly resigned from the Binance.US Board of Directors. The former Binance CEO has also relinquished his voting rights in the US affiliate and will not participate in any governance decisions. Binance .US has announced that Changpeng Zhao, who recently resigned as the CEO of the global crypto exchange Binance , has stepped down as Chairman of the Board of Directors. CZ has also transferred his voting rights and will no longer be involved in the US-based crypto platform’s governance, according to a statement posted on X on Tuesday. “As CZ transitions to life after Binance, he has decided to step down from his role as Chairman of our Board of Directors and transferred his voting rights through a proxy arrangement, whereby his interest in the company is purely economic and he will no longer be involved in our governance,” the company said in the post. The update by the Binance .US team also pointed out that while it may share the Binance

Bitcoin retail investors may end up with a hot potato if the spot ETF go-ahead plays out like gold 20 years ago, analysis considers. Bitcoin (BTC) may suffer when the first spot exchange-traded fund (ETF) is approved by the United States, a new warning says. In a thread on X (formerly Twitter) on Nov. 28, Joshua Lim, head of derivatives at capital market firm Genesis Trading, predicted a volatile start to 2024 for BTC price action. Bitcoin ETF approval: Retail may be left holding the buck Bitcoin is already a target for traditional finance, or “TradFi,” which is betting on winning big out of the spot ETF approval, Lim said. “We know tradfi guys / macro tourists are already long crypto ahead of ETF news, they’ve built the position over the last few months and are now paying handsomely to roll it,” the thread explained alongside data covering open interest on CME Group’s Bitcoin futures. “Commitment of traders data showing asset managers increased length by about $1bn since end of Sep.”

The market shows signs of a potential breakout, with several coins retesting their resistance points, indicating a possible up trend . Analysts are focusing on XRP and Shiba Inu (SHIB), expecting more growth in 2024 and beyond.  This article will explore their price projections and future outlooks based on on-chart data and overall performance. XRP retests $0.93 XRP fell to $0.58 last week but recovered to $0.62 and is now nearing a horizontal resistance zone.  On the weekly time frame, technical Analysis reveals that XRP has followed an ascending support trend line since the beginning of 2023. This trajectory enabled the coin to break through a crucial horizontal resistance zone, approaching a new yearly high at $0.93.  You might also like: XRP analyst sees potential bottom, urges caution With the current RSI above 50, analysts like Cryptobull and JD are bullish on XRP. #XRP projected price s are $4.20, $7.20 and $470 based on past breakouts. $XRP had a major break

There’s a wave of uncertainty at Binance as Changpeng Zhao resigns as CEO, pleading guilty to money laundering violations. The exchange faces a $4.3 billion settlement fee for its involvement. The key question: Will this turmoil affect BNB’s price? Bearish pressure looms over BNB, and invest ors are closely watching for the impact of recent developments. Meanwhile, some invest ors are paying attention to InQubeta (QUBE), a new AI altcoin .  This article will explore the potential price outlook for BNB post-saga and the increasing interest in InQubeta. InQubeta attracting investors InQubeta, a new decentralized finance (defi) project focused on solving the fundraising challenges faced by AI startups, has raised over $5.4 million. This support, some analysts claim, points to the project’s potential and approach to AI startup funding. You might also like: Bitcoin’s ‘Uptober’: possible impact on XRP, Cardano, and InQubeta InQubeta plans to launch a cryptocurrency-based cro

The “market neutral trading firm” named Dubai for its global headquarters as the region experiences an influx of crypto companies seeking new users. Nine Blocks Capital Management FZE bagged a crypto license from Dubai’s Virtual Assets Regulatory Authority (VARA), making Nine Blocks the first digital asset hedge fund to win VARA’s nod according to a Nov. 27 announcement. The license will allow Nine Blocks to offer virtual asset services to crypto users in Dubai, including digital asset management and investment products. Additionally, the firm plans to open a global head office in what is largely regarded as the primary international hub for the United Arab Emirates.  You might also like: Dubai offering 90% license fee discount to web3 projects This license is the culmination of a process that started with an MOU between Nine Blocks and VARA, allowing knowledge sharing and consultation. Nine Blocks press statement Nine Blocks is a self-professed “neutral trading sho

So far, the pseudo-anonymity offered by cryptocurrencies has proven both a blessing and a curse. On the one hand, it has been welcomed by the many honest and legitimate actors in the industry as a positive break from modern trends. On the other hand, it has been exploited by various bad actors to conceal illicit activity with greater ease. Due to its preeminence, Bitcoin (BTC) has been the platform of choice for cryptocurrency transactions – legal and illegal – but that has seemingly changed in recent years. The Tron (TRX) network has overtaken BTC as the blockchain of choice for transactions carried out across the globe, including by the factions of the Iran-backed “Axis of Resistance.” Recently, organizations such as Hamas and Hezbollah have been increasingly using Tron to make their transactions, and, reportedly, the bulk of accounts frozen by Israel in the immediate aftermath of the October 7 attack are on Tron. Majority of Tron wallets seized belong to “Axis of Resistance”

Bitcoin on-chain data is pointing to "up only" as BTC price action fights to eke out an uptrend below fierce resistance near $40,000. Bitcoin (BTC) starts a new week keeping traders guessing near its highest levels in 18 months — what’s next? BTC price action has held higher after spiking above $38,000 last week, but since then, a testing "micro-range" has left bulls and bears locked in battle. Whether a deeper retracement will come or a trip to $40,000 will leave naysayers behind is now the key short-term question for market participants. Coming up over the next few days are various potential catalysts to help effect trend emergence for Bitcoin, while underneath, there are mounting signs that the market is due a boost. Volatility is set to come at the hands of the monthly close later on, but before then, a host of macroeconomic events has the ability to inject some surprise price action. Cointelegraph takes a look at these issues and more in the weekly rundown o

Bitcoin mining has hit a historic high, with a 5.07% surge in mining difficulty — a record 67.96 T.  Data from blockchain explorer BTC.com indicates the leap in Bitcoin (BTC) mining difficulty has reached an unprecedented 67.96 T (terahashes), with the average hashrate — the Bitcoin network’s computational power gauge — standing at a robust 504.80 EH/s (exahashes per second).  Bitcoin mining difficulty ushered in a mining difficulty adjustment at block height 818496. The mining difficulty was raised by 5.07% to 67.96 T, continuing to hit a record high. The current average hashrate of the entire network is 504.80 EH/s. https://t.co/vgAkEgyDOf — Wu Blockchain (@WuBlockchain) November 26, 2023 Bitcoin mining difficulty has been on a steady upward trend throughout 2023, and the latest adjustment at block height 818496 is another meaningful landmark for the digital currency. Bitcoin mining difficulty trend. Soure: BTC.com Mining difficulty is a dynamic metric that adjus

XRP may need to undergo a short selloff period before confirming the upside continuation setup as whales demonstrate bullishness. XRP (XRP) price may rally over 20% in the coming weeks thanks to a classic bullish continuation setup. XRP price enters bull flag breakout stage The so-called bull flag pattern develops when the price consolidates inside a parallel channel after a strong uptrend. It resolves after the price breaks above the upper trendline with convincing volumes and rises by as much as the previous uptrend's height. As of Nov. 26, XRP was trading above its bull flag's upper trendline, albeit accompanying weaker volumes. That technically indicates a weaker conviction among traders about XRP's bullish continuation.  XRP/USD daily price chart. Source: TradingView The duration of traders' indecisiveness could have XRP price test the flag's upper trendline as support. That means a decline toward $0.59, coinciding with a historical support level and the

1. ETH Global Istanbul Hackathon: Top 10 Finalists Revealed link On the 20th of November, ETHGlobal announced the 10 projects that have advanced to the final round of the Istanbul Hackathon: Clade Club: A platform for equitable social governance, with a primary focus on data-driven decision-making; S.C.I: Ensuring the security of smart contracts and preventing phishing attacks through verification; BridgeBuddy: An automatic wallet that facilitates fund bridging; Buddy-Guard: An application designed for social security; Sarma: A development aid tool aimed at achieving privacy; AidDistribute: A tool that ensures traceability in direct stablecoin transfers; TapTrust: An introductory tool based on AA and NFC technologies; Footy Stars: A football simulator; ZKvote.cc: An on-chain voting system empowered by Zero-Knowledge Proofs (ZKP); Lens & Frens: A zero-knowledge proof ticketing system built upon Lens technology. 2. Blur’s Weekly Summary a. Blur Launches Season 3 with Airdrops for NFT