Crypto

In the world of technical analysis, any tool that gives the trader insight into the next possible market move is valued highly because an early signal of impending price action can turn an average trade into a multi-bagger. In a rare occurrence, Cointelegraph Markets Pro just posted a VORTECS™ score of 98, one of the highest scores ever recorded, for an altcoin called Everipedia (IQ). The project is a blockchain-based encyclopedia that has the vision of creating “a world where all knowledge is available to all people.” VORTECS™ Score (green) vs. IQ price. Source: Cointelegraph Markets Pro While the VORTECS™ Score is simply an indicator and does not guarantee any specific outcome in regards to the scores that it provides, previous instances of scores above 95 have ...

Digital rights advocacy group Fight for the Future, the Blockchain Game Alliance, Enjin and 26 blockchain game companies have called out video game corporation Valve for its decision to not allow content related to cryptocurrencies or nonfungible tokens (NFTs) on its Steam marketplace. According to an open letter published by Fight for the Future on Monday, the companies and projects are requesting Valve reverse its decision to “prohibit an entire category of software from the Steam platform” and take a chance on crypto and blockchain technology. Steam updated its onboarding process for partners on Oct. 14 to stipulate that no applications built on blockchain technology that “issue or allow exchange of cryptocurrencies or NFTs” would be permitted. “Blockchain games are pioneering a number ...

The price of Solana’s SOL coin is meeting resistance near its all-time high again, but solid fundamentals and the impressive growth of its decentralized finance (DeFi) and nonfungible token (NFT) ecosystem are likely to drive the altcoin above $250 before year-end. SOL/USDT 1-day chart. Source: TradingView Institutional investor interest is likely a key factor behind SOL’s impressive 490% gain since August. For example, SOL is the fourth-largest Bitwise 10 Crypto Index Fund component, which overall is a $1.3 billion over-the-counter tradable market instrument. DeFi is gaining traction Solana’s two most prominent decentralized finance projects are decentralized exchanges with built-in yield generation programs, and they hold nearly $2 billion in total locked value each. Saber is an automate...

Robinhood shares (HOOD) have fallen sharply on the back of the firm’s Q3 results which posted lower than expected crypto trading revenue. The popular retail trading firm published its Q3 report on Oct. 26, with crypto accounting for $51 million (19%) of the total $267 million worth of transaction-based revenue in the quarter. The release of the report on Tuesday coincided with HOOD dropping around 10% to $35.70, however the price has since gained 1.9% to sit at $36.40 at the time of this writing. The $51 million generated from crypto transactions in Q3 marked a 78% decrease compared to the firm’s record $233 million from Q2. Robinhood’s crypto revenue last quarter was bolstered by the Dogecoin (DOGE) community, with the memecoin representing a whopping 62% of crypto revenue. The firm poste...

The price of Ether (ETH) nearly hit a new all-time high on Oct. 21 before falling below $4,000 after the $435-million options expiry on Oct. 22 soured the mood. The Ethereum network is set to take another step toward Ethereum 2.0 on Oct. 27 at epoch 74240 with the Altair upgrade to Beacon Chain. Eth2 will be an entirely proof-of-stake (PoS) network, for which the community has been gearing up for over a year now. As per an Ethereum Foundation blog post explaining the development, Altair is an update to the Beacon Chain that brings support for light clients, pre-validator inactivity leak accounting, a rise in slashing severity, and clean-ups to validator rewards allowing for simplified stated management. This is the first scheduled upgrade to the Beacon Chain. The blog post states that this...

Tampa Bay Buccaneers quarterback Tom Brady nearly lost ownership of the ball behind his 600th touchdown pass, but now he’s paying for it… in Bitcoin (BTC). In Sunday’s game between the Buccaneers and Chicago Bears, Brady threw his 600th career touchdown pass to fellow teammate Mike Evans — he is the only player in NFL history to have ever achieved so many touchdown passes in his career. The wide receiver, apparently not realizing the significance of the ball, handed it off to Byron Kennedy, a fan wearing a jersey with Evans’ namesake. According to Ken Goldin, the founder of sports memorabilia auction company Goldin Auctions, the ball could be worth anywhere from $500,000 to $900,000. Kennedy at first seemed to give up the ball in exchange for a vague promise of a meet and greet with ...

Data archiving protocol KYVE has announced a Series B funding raise of $2.875M instigated by institutional capital firms Permanent Ventures and Hypersphere Ventures in which a vast collection of crypto projects and individual angel investors including, but not limited to, Coinbase Ventures, Volt Capital, Justin Kan and Robin Chan, participated. KYVE has expressed the ambition of becoming the leading project in the Web 3.0 sphere with an inherent focus on data collection and digital calculation. The newly-established project, currently operating in testnet phase, utilizes blockchain indefinite storage service Arweave to provide a vast number of Web 3.0 use cases, including cross-chain interoperability via bridges, data storage and oracles. This news follows the project’s debut funding...

Calls for an altseason continue to grow louder as the price action in the altcoin market has been on the rise for a few days. Meanwhile, Bitcoin continues to consolidate below its all-time high near the $62,000 support level.  Oftentimes, moves in altcoins center around one specific sector of tokens such as meme coins or decentralized finance protocols, but the current market is seeing rises across all sectors, which is possibly a sign that altseason is in fact heating up. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were Secret (SCRT), Curve (CRV) and Shiba Inu (SHIB). Secret partners with OpenSea to launch anonymous NFTs The Secret Network...

Bitcoin (BTC) investment vehicle the Grayscale Bitcoin Trust (GBTC) outperformed the newly launched exchange-traded funds (ETF) last week, data shows. Figures shared by Grayscale executives among others confirm that GBTC has quietly delivered better investor returns since Oct. 19. Grayscale “discount” hits one-month lows While talk continues to revolve around Bitcoin futures ETFs and their market impact, industry stalwart Grayscale is biting back. Amid claims that the newly launched funds are sucking custom away from GBTC, the firm’s chiefs were quick to note that the latter has in fact been a better bet since launch day. GBTC vs. BITO performance chart. Source: TradingView Over the seven days to Monday, GBTC returned around 8.8%, while the pioneering Bitcoin futures ETF, ProShares Bitcoin...

British cryptocurrency services provider Crypterium is the latest crypto firm to secure registration from the United Kingdom’s Financial Conduct Authority (FCA). Crypterium officially announced on Oct. 25 that it has recently been registered by the FCA to provide cryptocurrency services to local citizens and companies, becoming one of few companies to have passed the registration process. According to data on the FCA’s official website, Crypterium has been registered to operate “certain crypto asset activities” in compliance with the country’s Anti-Money Laundering (AML) regulations since Oct. 11. The registration officially authorized Crypterium to continue providing its crypto wallet services, including crypto trading and payment services, to “practically everybody” in the United Ki...

The Dubai Financial Services Authority (DFSA) has established a regulatory framework for investment tokens as part of its efforts to stimulate the digital financial and technological environment while also meeting market players’ demands and requirements. The DFSA is an independent regulatory body in Dubai that is in charge of monitoring and regulating financial services companies wanting to operate there. It also licenses and regulates their products and services. According to a report by Emirates news agency WAM, the DFSA’s regulatory framework defines investment tokens as either “a Security Token or Derivative Token.” The report notes that the creation of a new regulatory structure is the first step in DFSA’s Digital Assets Regime, which reflects the sugges...