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Quant Risks Decline As It Faces Two Rejections At $110

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Nov 11, 2023 at 10:29 // Price Author Coin Idol The price of Quant (QNT) has started a sideways trend below the $110 resistance level. Cryptocurrency price Analysis by Coinidol.com. Quant Price Long Term Prediction: Bullish The $110 resistance marked the end of the previous upswing. The price of Quant has been fluctuating between $96 and $110 since October 26. As the market is approaching the overbought zone, it is unlikely that the cryptocurrency will rise much higher. The historical price level from July 29, but then Quant was under selling pressure. Today
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How this all-in-one app bridges the gap between traditional banking and crypto

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The financial landscape is evolving as new services emerge, offering a range of features that make it easy for users to convert and move funds between crypto and traditional banking. The overlap between traditional finance and crypto currencies has become more pronounced in the last few years, with some online crypto services offering Visa-backed cards supporting crypto payments. However, the infrastructure gap between traditional banking and crypto is barely narrowing. Banks are generally much slower to adopt innovative technologies due to their complex and strict regulatory environment. Management consulting firm McKinsey found that bank IT applications are older than average across industries, indicating sluggish change. When it comes to crypto adoption, banks are even more hesitant, as digital assets rely on decentralized infrastructure while many jurisdictions still cannot propose clear regulations. Many banks stay away from crypto Many traditional banks stay away from cryp
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Bitcoin Rise in 2024 To Be Driven by Macro and Micro Events: Report

Matrixport said five micro-events and one macro-event would drive Bitcoin’s price in 2024.  The firm listed spot Bitcoin ETF approval, FTX restart, and Bitcoin Halving as factors that could boost BTC’s price.  Matrixport said Bitcoin could hit $45K by year-end if it maintains its current momentum. In its latest Analysis , crypto financial services platform Matrixport predicted that Bitcoin’s growth in 2024 would be determined by a range of factors that could push its price to $45,000 by 2023-end and well beyond next year. The report noted five micro-events and one macro-event that could positively drive up the largest cryptocurrency’s price.  Matrixport also expects the U.S. Securities and Exchange Commission to greenlight a spot Bitcoin ETF approval in January and trading to commence by February or March. Such an approval, Matrixport noted, would bolster the digital asset’s price.  Furthermore, the financial company services said Circle, USDC’s issuer, p
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Shiba Inu: Can SHIB Rally 117000% and Hit $0.01 by 2030?

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Shiba Inu (SHIB) has finally overcome its $0.000008 resistance level, rallying over 23% over the last month and 8.5% in the previous week. However, despite the recent price spike, SHIB is up by only 6.4% since January 2023. Bitcoin (BTC), on the other hand, is up by over 120%, while Solana (SOL) and Chainlink (LINK) are up by over 300% and 160%, respectively. Nonetheless, SHIB fans and investors have not lost hope in the memecoin. Many anticipate the dog-themed crypto to pick up steam very soon. Also Read: Shiba Inu: SHIB Team Member Reveals Plans for 2024-2025 Source: CoinGecko Can Shiba Inu reach $0.01 by 2030? For SHIB to reach a price of $0.01, it would have to grow by around 117000% . This level of growth is not something the project has not done. Between its launch in August 2020 and reaching its all-time high in October 2021, Shiba Inu rallied almost 67 million percent. Hence, a rally of 117k percent is not out of the question. However, SHIB’s rally in 2021 had a lot of ot
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BlackRock Registers Ethereum Trust in Delaware

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Continuing its implementation of digital asset services, the $9 trillion asset management firm BlackRock has registered for an Ethereum Trust in Delaware. Indeed, Bloomberg analyst Eric Balchunas confirmed the firm’s iShares Ethereum Trust in a post to X, formerly Twitter. BlackRock made waves when it announced its filing for a spot Bitcoin ETF with the US Securities and Exchange Commission (SEC) earlier this year. Subsequently, BlackRock’s iShare Bitcoin Trust was registered just one week before the landmark ETF filing. BlackRock has made first step towards filing for a spot Ether ETF. I just confirmed on the website myself. Nice catch by @SummersThings https://t.co/mLKIhKdiI6 — Eric Balchunas (@EricBalchunas) November 9, 2023 Also Read: BlackRock iShares Bitcoin Trust Relisted on the DTCC BlackRock Registers for iShares Etheruem Trust in Delaware One of the largest asset management firms in the world, BlackRock, has continued to add excitement and intrigue to the digi
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Bitcoin’s whale-sized moves hint at $37k ascent

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Bitcoin (BTC) is observing noticeable spikes in whale transactions worth at least $100,000. Its supply on exchanges witnesses a gradual uptick amid the fight to reclaim $37,000. These spikes in large transactions started earlier this month, data from Santiment confirms. Notably, whale transactions rapidly increased from Nov. 5, eventually crossing the 5,000 mark three days later. As of Nov. 8, Bitcoin recorded up to 7,992 transactions worth $100,000 and above. BTC price, whale activity and supply on exchanges – Nov. 9 | Source: Santiment This value represents the highest figure since late October. Despite a slight drop in these spikes, whale transactions have remained fairly high, with an intraday figure of 4,669 at the time of reporting. Interestingly, the recent spikes in whale transactions coincide with a gradual uptick in the supply of Bitcoin on exchanges. Santiment data suggests that investors have continually moved their BTC tokens to exchanges amid the ongoing bul
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Cardano’s Staking Surge and Tax Proposal Signal ADA’s Bull Rally

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Cardano’s staking surges to $8B compared to ADA’s 31% increase last month. The companADA’s price dances near $0.34 amid a market cap boost while a pivotal treasury tax cut proposal looms. y is the issuer of USDC, the second-largest stablecoin. Cardano’s proposal may fuel a new era for SPOs, enhancing network strength as ADA values aim higher. At the reported time, Cardano’s ADA s taking has witnessed a -97 % decline over the last 24 hours, despite witnessing an over 50% surge on Nov. 7 that propelled the staked value to $8 billion. This significant uptick mirrors the burgeoning investor confidence in the Cardano network in a month where ADA’s value soared by 31%. However, the recent drop in s taking might be due to profit- taking by investors who may have gained on the previous spike. Staking Dips Amid Price Rally Cardano, currently the third-largest player in the s taking market cap arena, has solidified its position with $8.16 billion of capital now
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'YouTube alternative' is paying terrorists and hate groups in crypto, report

Odysee , the self-proclaimed blockchain-based YouTube alternative and LBRY subsidiary is report edly “providing a steady income stream” to hate group s and extremists via its crypto -based revenue system. This is according to the Southern Poverty Law Center’s (SPLC) first-ever Digital Threat Report. Odysee uses the same technology that underpins its parent LBRY protocol and which its creator, former CEO, and crypto enthusiast Jeremy Kauffman describes as “the most censorship-resistant system to ever exist for the purposes of publishing digital content.” Obysse also offers its own crypto called LBRY Credits (LBC) that creators can earn based on metrics like viewership numbers. It also accepts traditional payment methods like subscription fees and creator tips.  However, the SPLC claims that this crypto-based system, coupled with a “lax stance” on content moderation, makes Odysee “ popular with content creators who have been removed from other sites for violating rules against hat
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Ripple Payments expands its business to 70 markets

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Ripple, a blockchain company, has expanded the coverage of its Ripple Payments payment network to 70 markets . According to the blog, with the expansion, Ripple will further optimize the efficiency of cross-border payments using the blockchain. Moreover, the service will facilitate the transition to digital assets by optimizing cross-border payments using the blockchain. Ripple has partnered with fintech company Onafriq to open new remittance corridors between Africa and the Gulf Cooperation Council, the UK, and Australia. The partnership uses Ripple Payments technology to solve common cross-border payment problems such as transfer delays and high costs, potentially improving the remittance process in Africa. You might also like: Ripple expected to shave off SEC’s $770m claim Onafriq plans to use Ripple’s technology to connect its vast mobile money network, which includes more than 500 million mobile wallets across Africa. The partnership will also help make payments more
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Accused spy leaked Indian naval secrets for crypto

State secrets revealing the details of Indian Navy submarines and warships have reportedly been leaked to Pakistani intelligence operatives by an Indian spy in exchange for crypto , an offense punishable by death.   As reported by local media, the National Investigation Agency (NIA) accused Manmohan Surendra Panda of spying for Pakistani operatives before selling the confidential naval documents. The Mumbai resident allegedly exchanged India’s classified information with an operative identified as ‘Harsh’ and received payment through “ crypto channels” for his spy work. He supposedly received the crypto payment from various other Pakistani operatives. Panda is charged with spying under Section 3 of The Official Secrets Act (OSA), conspiracy towards acts of terrorism under Section 18 of the Unlawful Activities (Prevention) Act, and destroying evidence under Section 201 of The Indian Penal Code. According to The OSA, the penalty for spying “where the offence committed is… in the
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BRICS: Russia Dumps Currencies Worth $8.7 Million in Yuan & Ruble Set

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BRICS member Russia is aggressively buying and selling currencies in the foreign exchange markets. The Central Bank of Russia initiated large amounts of ‘buy’ and ‘sell’ of currencies in the domestic market on Tuesday. The regulator is exchanging currencies in the Moscow Exchange section and sold tenders worth 0.8 billion Rubles. The first settlement was initiated on November 2, 2023, continuing over Monday and Tuesday of this week. Also Read: BRICS Can Dethrone US Dollar Without Launching New Currency The volume of the currencies sold by the Central Bank of Russia also amounted to the same 0.8 billion Rubles $8.7 million on November 2. The Central Bank is using resources from the National Wealth Fund to operate in the currency market, reported Tass. The news outlet also reported that Russia is exchanging currencies using the Chinese Yuan and Ruble instruments. It is reported that Russia is initiating ‘buy’ and ‘sell’ to keep the Ruble trading in large numbers in the curren
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Michael Saylor Predicts Bitcoin's Potential Tenfold Surge

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Bitcoin (BTC) has reignited optimism in the cryptocurrency market through its recent surge. The leading cryptocurrency experienced a substantial upswing, dragging other digital assets along with it. Nonetheless, several notable figures in the industry are of the opinion that Bitcoin is at the initial stages of a remarkable journey. One of these figures is Michael Saylor, the co-founder of MicroStrategy. In a recent CNBC interview, Saylor conveyed his conviction that BTC is on the verge of a price rally that could leave a lasting mark on contemporary financial history. Saylor’s confidence in Bitcoin’s potential is firmly grounded and has been reinforced by MicroStrategy’s third-quarter earnings report. He left no room for ambiguity when he declared, “You can never have too much Bitcoin.”  What underpins Saylor’s optimism is a convergence of forthcoming events within the Bitcoin ecosystem. These events have the potential to reshape the cryptocurrency landscape. One pivotal f
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Telegram Wallet avoided self-custody to ease crypto onboarding, COO says

As Telegram prepares to roll out Telegram Wallet as a native setting on the messenger in November, it’s important to understand why Wallet opted for custody over self-custody. Telegram Wallet, a major Telegram bot allowing users to buy and sell crypto currencies like Bitcoin (BTC), has chosen custody over self -custody to chase easier onboarding goals, according to a senior executive. In July 2023, crypto-friendly Telegram messenger officially announced the integration of the custodial crypto wallet, Telegram Wallet, to allow users to access the wallet directly from the messenger’s settings. Though Telegram has enabled existing Wallet users to see the wallet bot directly in the messenger, those who have never used the bot are still not seeing the crypto wallet in their settings section of the messenger. According to Telegram Wallet chief operating officer Halil Mirakhmed, the full Wallet rollout is expected to begin sometime in November 2023, starting with “several African and Lati
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NEO reaches 36-week high while short-positions rise

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NEO gained bullish momentum after over eight months as Bitcoin (BTC) surpassed the $30,000 mark on Oct. 19.  The asset reached $15.3 on Nov. 5, marking a 36-week high — NEO reached $15.5 in mid-February. The native crypto of the Chinese blockchain Neo, which once competed with the second-largest blockchain, Ethereum (ETH), has gained bullish momentum after eight months of constant declines. According to data from the market intelligence platform Santiment, NEO’s social volume skyrocketed over the past week — marking an 800% surge in the past seven days.  NEO price, social volume, Binance funding rate and open interest – Nov. 6 | Source: Santiment Moreover, data from Santiment shows that the Binance futures funding rate for Neo has reached 0.05%. In simple terms, this indicates that short-position holders are dominating long-position holders until major movements happen. You might also like: U.S. Treasury sanctions a money launderer tied to Russian elites As the tok
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Blockchain adoption continues unabated — Bloomberg analyst

Blockchain adoption has been "unabated" throughout bull and bear markets over the past years, says Bloomberg analyst Jamie Coutts. Should the current rate of adoption continue , blockchain technology could have 100 million daily users by 2028, according to projections by Bloomberg Intelligence analyst Jamie Coutts.  On X (formerly Twitter), Coutts pointed out that blockchain adoption has been "unabated" throughout bull and bear markets over the past years. "Not having exposure to one of the largest structural trends of the next decade could be costly," said the analyst. Daily active addresses exceed 5 million in the third quarter of 2023, up 14% from 2022, according to Coutts, while quarter-on-quarter growth has averaged 29% since 2019. "If we apply a more moderate 20% QoQ growth rate then we could reach 100 million daily users by 2028." Bear market/Bull market, adoption of #blockchain technology continues unabated. Not having exposure to on
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Crypto Trader Updates Dogecoin and Solana Outlook, Sees ‘Moment of Truth’ for Bitcoin Layer-2 Project

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A widely followed crypto trader is taking a deep dive into the exploding altcoin markets, starting with Dogecoin (DOGE). Pseudonymous crypto analyst Rekt Capital tells his 364,700 followers on the social media platform X that DOGE’s weekly close will be the most important signal of what’s to come. “That ‘buy-the-dip’ behavior we saw yesterday is looking like relief under key resistance However, there has been no strong DOGE rejection & downside continuation Most important signal is a Weekly Close above Channel Top to confirm a breakout.” Source: Rekt Capital/X DOGE is worth $0.068 at time of writing, down 3.8% in the last week. In his latest Altcoin News letter, the analyst lays out what’s next for top Ethereum (ETH) competitor Solana (SOL). “Great performance from SOL. But what’s next? Historically, SOL has upside wicked and/or deviated beyond this purple region before rejecting and it looks like this time may be no different. These historical reject
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Understanding Bitcoin’s recent market dynamics and price predictions

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Bitcoin’s price rally mirrors investor optimism, with the Fear and Greed Index reaching highs not seen since November 2021. What’s next? Bitcoin’s (BTC) price trajectory from October to early November exhibits a commendable uptrend, marking approximately a 34% increase from the $27,000 range at the start of October to a 16-month peak of $35,919 on Nov. 2. However, the atmosphere has cooled somewhat amid the volatility sparked by the trial of cryptocurrency figure Sam Bankman-Fried, with Bitcoin’s value adjusting to the $34,200 mark as of Nov. 3. The rally seen in October can be attributed to a confluence of key factors. Prominently, the crypto community was buoyed by the prospects of a spot Bitcoin exchange-traded fund (ETF) gaining approval from the U.S. Securities and Exchange Commission (SEC).  Moreover, in the context of global economic uncertainty – intensified by the ongoing geopolitical tensions, including those in the Middle East and between Ukraine and Russia – Bitcoin h
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