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HANOI, Vietnam–(BUSINESS WIRE)–#FPT–FPT Corporation (FPT) organized its biggest annual tech event – FPT Techday 2023 – as a momentous occasion for FPT in celebrating its 35th anniversary. The event, which attracted 10,000 attendees, showcased FPT’s commitment to innovation and its vision of “building a happier future”. FPT Techday, organized for the 11th consecutive year, has become one of Vietnam’s most renowned tech expos, bringing together government officials, business leaders, technology experts, and enthusiasts. The two-day event featured an exhibition and tech conferences, focusing on demonstrating a happy journey for digital citizens (D-citizens). FPT also presented its ecosystem of products and services that cater to every D-citizen’s needs in terms of essentials, education, lifestyle, working, manufacturing, and future outlook. This “Made-by-FPT” ecosystem was presented in an exhibiting area of 8,000-meter squares, along with the products and solutions from some of FPT’s partners such as Schaeffler, Konica Minolta, AFLAC, SC Ventures, Olympus, NXP Semiconductors, and Ingenico Group. One of the event’s highlights is the launching of Happy Club, an AI-driven customer loyalty program developed by FPT, in alignment with the Digital Conglomerate 5.0 strategy (DC5) which aims at creating a happier future for people, success for organizations and prosperity for the nation. Sharing about the company’s vision, FPT Chairman Dr. Truong Gia Binh said: “FPT wants to create a happy journey for every individual and every business. We have an ecosystem of products and solutions that cater to the fundamental aspects of human life, including education, work, healthcare, and many more. FPT is committed to accompanying our customers towards a happier future.” FPT Techday 2023 offers opportunities for businesses and tech enthusiasts to gain more insights about a future driven by tech innovations. Its conference features business leaders, tech experts and consultants from global businesses and organizations like Landing AI, Viessman, HBR Analytic Services, NVIDIA, Aitomatic, inc., Cox Automotive, Schaeffler, IDC, Bain & Company, KDDI Digital Divergence and more. Their presentations and panel discussions cover a variety of topics such as accelerating digital transformation through scale and agility, business resilience in the challenging global environment, Vietnam’s momentum as a global digital hub and its digital economy competency, co-innovation with a technology vendor, Generative AI as a transformation accelerator, among others. During FPT Techday 2023, FPT and two of its subsidiaries, FPT Software and FPT Information System disclosed new partnerships with the world’s digital payments leader VISA and Japanese global printing TOPPAN. Additionally, FPT announced it has become a major investor in Landing AI, a US-based computer vision and AI company. These partnerships enable FPT to continue expanding across markets and improving its products and services, aiming to provide a better experience to customers and fulfill its vision of creating a happier future on a global scale. About FPT FPT Corporation (FPT) is a globally leading technology and IT services provider headquartered in Vietnam. FPT operates in three core sectors: Technology, Telecommunications, and Education. During 35 years of development, FPT has constantly provided practical and effective products to millions of people and thousands of business and non-business organizations worldwide, establishing Vietnam’s position on the global tech map. Keeping up with the latest market trends and emerging technologies, FPT has developed the Made-by-FPT ecosystem of services, products, solutions and platforms, which enables sustainable growth for organizations and businesses and offers distinctive experiences to customers. In 2022, FPT recorded total revenue of US$1.87 billion and 60,000+ employees. For more information, please visit https://fpt.com.vn/en Contacts Media Mai Duong (Ms.) FPT Software PR Manager [email protected]
 
XRP is currently up over 14% in the last seven days, and some might argue that the altcoin is simply enjoying the euphoria of a possible Spot Bitcoin ETF approval, which has seen the crypto market resurge. However, there are other developments that the XRP community might need to be aware of, as they could cause the crypto token to continue to rally. Ripple To See More Liquidity With Latest Collaboration Blockchain company Ripple recently announced that it had partnered with Web3 financial platform Uphold. As part of the partnership agreement, Uphold is expected to provide Ripple with “enhanced crypto liquidity capabilities” to help facilitate transactions on its cross-border payments infrastructure more efficiently. The news is significant for the XRP community because Ripple uses XRP as a utility token to help process these cross-border transactions. As such, “enhanced crypto liquidity” will generally translate to more liquidity in the XRP ecosystem, which could ultimately cause a further surge in the token’s price. Xumm Wallet Records Milestone XRP-based wallet Xumm announced in a post on its X (formerly Twitter) platform that it had crossed 600,000 active users in the past three months. The wallet happens to be one of the notable ones on the XRP Ledger, as it also announced plans to introduce new functionalities that could see the number of its active users increase exponentially. In the post, Xumm mentioned that its wallet is set to become 10x more retail-friendly with the redesign they are working on. It also plans to integrate AMM and more DEX activity, which would see the wallet become 10x better. It is believed that the wallet plans to complete this integration once the AMM goes live on the XRP Ledger. Meanwhile, the wallet’s use cases will also increase as Xumm plans to incorporate XRP’s sidechain Xahua and its ‘Hooks’ feature. These developments are bullish for XRP as they will undoubtedly increase the token’s utility. NFTs Are Coming To XRP Ledger Ripple had reportedly been working on tools and services to accommodate tokenized assets and facilitate trading of these assets on the XRP Ledger. The company’s efforts seem to be already paying dividends, as SBI Holdings announced plans to issue its NFT service “EXPO2025 Digital Wallet NFT,” also known as ‘Myakoon’ on the XRP Ledger. It is believed that this development could open the door for other NFT issuers to launch their NFTs on the network. This is also more significant because of how the tokenized market is projected to grow massively to $13.6 billion by 2027. As such, XRP has the potential to be at the heart of the market when this happens.
XRP has demonstrated its resilience in the volatile world of digital assets. This week, XRP investors and enthusiasts have ample reasons to celebrate as the coin saw an impressive surge of 14.2% in its price over the past seven days, bringing it to a notable high after its last dip in August. This remarkable surge highlights the cryptocurrency’s ability to experience significant price movements within a relatively short timeframe. The upward trajectory of XRP’s price over the past week suggests an increase in investor interest or positive market sentiment, which has driven its value to levels higher than what was observed just seven days ago. At the time of writing, XRP is trading at $0.559841, with a modest 0.2% loss over the past 24 hours. One of the most significant indicators of XRP’s current performance is the overwhelming interest from buyers rather than sellers. The Volume Delta metric cited in a price analysis in highlights this trend vividly. Volume Delta essentially measures the difference between buying and selling pressure in the market, serving as a valuable gauge for traders seeking to make informed decisions. In the case of XRP, this metric is painting a positive picture as buying sentiment dominates, giving traders the confidence to enter long positions. This surge in buying interest suggests that investors have renewed faith in the coin’s potential, as the coin has rebounded from the lows witnessed in the past. With growing adoption and an increasing number of use cases for XRP, it’s no surprise that the cryptocurrency is attracting a substantial inflow of funds. Large XRP Transfer To Bitstamp Sparks Intrigue Meanwhile, in the world of cryptocurrency transactions, a noteworthy event has piqued the interest of the XRP community. In the last 24 hours, an anonymous wallet executed a substantial transfer of 26,800,000 XRP to the major EU-based exchange, Bitstamp. This sizeable movement of XRP tokens has raised questions and fueled speculation within the crypto community. Data provided by the XRP explorer, Bithomp, has shed some light on the sender’s identity, revealing a connection to Ripple Labs, a blockchain decacorn known for its involvement in the development and promotion of the token’s ecosystem. This significant transfer underscores the confidence in its future, as well as the growing influence of Ripple Labs within the cryptocurrency space. XRP’s Resurgence Indicates Positive Market Sentiment The crypto’s recent performance showcases its ability to rebound from challenging times and regain investor confidence. With a notable surge in price over the past week, XRP has demonstrated its potential to shine in the competitive world of cryptocurrencies. The dominance of buying sentiment, as indicated by the Volume Delta metric, hints at a positive market outlook for XRP. Furthermore, the substantial transfer to Bitstamp, likely orchestrated by Ripple Labs, adds an intriguing layer to the narrative, emphasizing the ongoing commitment of key players to the success of XRP and the broader blockchain ecosystem. As XRP continues to carve its path in the digital asset landscape, investors and enthusiasts eagerly await further developments, making this cryptocurrency a compelling one to watch in the coming weeks and months. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from FX Empire
 
Investors and blockchain industry leaders are set to converge for the much-anticipated FD CAPITAL Investor Day, “Chains Beyond Borders”, on November 1st, 2023 in Dubai, UAE. This event promises an engaging exploration of blockchain technology, featuring the latest updates from representatives of blockchain foundations, with insights drawn from the expertise of seasoned investors. This event features a notable lineup of speakers from the blockchain industry, with keynote speakers including Robert Edward Grant, the Founder of Crown Holdings, and Evan Luthra, a Parallel Entrepreneur and Angel Investor. Other speakers include individuals like Aishwarya Gupta, Matt Schmenk, Fabio Tomaschett, Kyle Rojas, Mehmet Buyukakarsu, and more, bringing diverse expertise representing different aspects and ecosystems within the blockchain landscape. Dariia Vasylieva, the Founder and CEO of FD CAPITAL, will moderate the event. “Our unwavering vision in the ever-changing landscape of Investments vs. Turbulence is clear: By transcending borders, we empower the community to unleash its potential and create a transformative impact in the blockchain industry and beyond, forging new investment opportunities and strategic partnerships,” Dariia Vasylieva, the Founder and CEO of FD CAPITAL said. This event is proudly supported by partners Cypher Capital, Albus Protocol, GOSH, Aureli Ventures and Romanian Business Council, as well as media partners Luna PR, IBC Group, AIBC, Pro-blockchain Media, BeInCrypto, SalAd Lab, crypto rank, TheNewsCrypto, VNTR, CoinEasy, BlockDelta, Syndika, Heir Story, MonteCrypto, Crypto Data Space, BlockBeats and more. Taking place in the Cypher Capital Hub in Dubai, this event will also be available through a special online segment via Zoom, which ensures accessibility for a global audience. The Zoom link will be sent to approved registered guests, making it a truly exclusive experience. FD CAPITAL’s mission is to empower investors with access to the fast-evolving blockchain industry, bridging the gap between traditional finance and Web3 to unlock the vast potential of blockchain technology. For more information and to secure your spot, please visit the event registration page: https://lu.ma/chainsbeyondborders2 About FD CAPITAL: FD CAPITAL is a blockchain-focused investment company that empowers investors by providing access to the rapidly evolving blockchain industry. The mission of FD CAPITAL is to bridge the gap between traditional finance and Web3, unlocking the vast potential of blockchain technology. https://fdcapital.io Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.
 
Bitcoin remarkable 23% surge sparks optimism in the market. Glassnode’s data reveals the growing trend of BTC HODLing. Bitcoin, the largest cryptocurrency by market capitalization, has sent the entire community into a joyful frenzy with its remarkable bull run, a sight unseen for over a year. Bears had held sway since the beginning of the year, thwarting the attempts of the bulls to stage a comeback. However, last week marked a significant shift, etching a historic chapter in the crypto saga of 2023. During that remarkable week, Bitcoin surged by 23%. It commenced the week with its trading price hovering around $28,000, but it shattered the $29,000 resistance level. On October 23, it soared to $34,787, followed by reaching a 17-month high of $35,292 on October 24. After a minor dip, it maintained its momentum, trading between $33,000 and $34,000. Then it surpassed $35,000 yet again yesterday, solidifying its bullish trend. The anticipation of Bitcoin ETFs has been a pivotal driver of these price fluctuations, igniting hope within the community and traders that unprecedented highs may be reached once the ETFs receive approval. A week ago, false reports of ETF approval from a popular media outlet managed to temporarily silence the Bitcoin bears, further emphasizing the significance of ETF news. Last week’s bull run can largely attribute its cause to an incident involving BlackRock’s (BLK) spot Bitcoin ETF ticker, IBTC, which temporarily disappeared from the Depository Trust & Clearing Corporation’s (DTCC) website. Although the ticker was subsequently relisted, this event generated speculations surrounding ETF approval. Moreover, a recent assessment by prominent crypto data aggregator Glassnode regarding the state of Bitcoin revealed a growing trend of “HODLing,” as over 600,000 BTC have remained dormant for the last decade. This amount surpasses the BTC available on exchanges, indicating significant market dynamics. Will The BTC Bulls Remain Stronger? A closer analysis of Bitcoin’s current price movements reveals the dominance of bullish forces. The 9-day exponential moving average (EMA) is situated below the current trading price of $32,003. Simultaneously, the daily relative strength index (RSI) stands above 70, indicating that the asset has entered overbought territory. BTC Price Chart, Source: TradingView If Bitcoin succeeds in breaking the $36,000 mark, a rally toward $46,100 appears highly likely. Conversely, if the price were to dip below the crucial support level of $28,160, a downward move toward $27,250 becomes a plausible scenario. Further declines could lead to price testing at the $26,600 support level.
 
KoinBX, the most trusted and fastest-growing cryptocurrency exchange, is thrilled to announce its MangoMan Intelligent (MMIT) giveaway campaign, which is now live and scheduled to run till 22 November 2023. The campaign offers participants a chance to win a staggering 10 million MMIT tokens. MMIT has a large user base and solid long-term potential because of its unique ecosystem and practical applications. There are already more than 25,000 MMIT holders. Moreover, it also boasts around 20+ exchange listings and 7+ live products. This limited-time opportunity is extended to all new users who sign up on the KoinBX portal or mobile apps for Android and iOS. Upon registration, users will instantly receive 10 million MMIT tokens, adding a valuable asset to their cryptocurrency portfolio. How to Participate: Visit the KoinBX Portal and sign up here or, Download the user-friendly KoinBX app on Android or iOS and sign up. This giveaway campaign is a testament to KoinBX’s commitment to its users and the growth of the cryptocurrency community. It’s an opportunity for newcomers and seasoned traders to explore the exciting world of MMIT and expand their digital asset portfolios. Don’t miss out on this remarkable giveaway event. Sign up with KoinBX today and claim your 10 million MMIT tokens! For more information and updates, visit KoinBX Portal and follow their social media profiles below. Facebook: https://www.facebook.com/KoinBX/ Twitter: https://www.facebook.com/KoinBX/ LinkedIn: https://www.linkedin.com/company/koinbx Instagram: https://www.instagram.com/koinbx/ Telegram: https://t.me/koinbx_discussion About KoinBX: KoinBX is one of the Top 100 crypto exchanges, with a massive user base of 1.5 Million trusted users and 38 B traded so far. It is known for its trustworthiness and rapid growth in the industry. With a dedication to providing exceptional services and opportunities to its users, KoinBX continually strives to enhance the cryptocurrency experience. About MangoMan Intelligent (MMIT): MMIT, the first fruit meme token stands out as a game-changer, with a mission to empower everyday investors and provide them with the opportunity to attain financial independence within a secure, decentralized environment. The decentralized feature of the MMIT token facilitates a highly transparent and distributed environment, providing complete autonomy and freedom to the user community. MMIT/INR – Trade Now [https://koinbx.com/trade/MMIT-INR] MMIT/USDT – Trade Now [https://koinbx.com/trade/MMIT-USDT] *KoinBX reserves the right to modify or terminate this giveaway campaign at its discretion. Terms and conditions apply. Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.
 
In a recent analysis shared by renowned crypto analyst, Jaydee, Dogecoin (DOGE) appears to be setting the stage for a potentially significant price rally. The chart showcases a series of technical indicators and patterns that hint towards a bullish trajectory for the meme coin, with a projected price target above $1.5. In a tweet accompanying the chart, Jaydee remarked: “Dogecoin – meme (shitcoin) with a beautiful chart structure! Will DOGE have that confirmed breakout?! Last time it broke out from a multi-year triangle, it 380x in price! Similar structure compared to the 2020-2021 breakout!” Dogecoin Price Prints Historic Buy Signal The chart provided by Jaydee displays the DOGE/USD trading pair with a bi-weekly time frame. Dogecoin’s price history, as highlighted in the chart, reveals two significant breakout points. The first breakout took place in 2017, where the price surged from below $0.003 in March 2017 to a peak of $0.0193 in January 2018. The second notable breakout occurred around the end of 2020 till April 2021, skyrocketing the DOGE price from about $0.035 to an all-time high close to $0.76. Over the past few two years, from April 2021 till recently, Dogecoin’s price has been forming a symmetrical triangle pattern again. This is a classic continuation pattern, and given DOGE’s past bullish momentum, a breakout from this triangle to the upside seems plausible. Remarkably, DOGE’s 380x price rise was also preceded by a multi-year triangular formation. At the end of 2020, DOGE broke out of the formation, but first experienced a successful retest of the trendline and a short sideways phase of around three months before the massive rally. Jaydee’s analysis indicates that the DOGE price has begun its breakout from this symmetrical triangle with this week’s candle, hinting at a continuation of its previous bullish trend. If history repeats itself, DOGE could first experience another minor pullback, followed by a short sideways phase, before the ascent towards the current all-time high begins. By extrapolating from past performance and the present chart structure, Jaydee’s analysis proposes that a confirmed breakout could see DOGE aiming for the $1.5 price range sometime in 2024, as detailed with the blue arrow in the chart. The chart humorously remarks that “BEGINNERS will be buying up here.. SMH! LOL!”, suggesting that novice traders might be lured into buying at the peak. While it’s a lighthearted note, it’s also a cautionary tale for traders to conduct their due diligence and not follow the herd mentality. While the 2-week chart in Jaydee’s analysis has already posted a bullish breakout signal, the 1-day chart still looks somewhat different. The price is still below the trendline (black), at which Dogecoin has been rejected several times since December last year. However, DOGE has crossed the 0.236 Fibonacci retracement level at $0.0692 and is now approaching the trendline again.
 
DUBAI, The United Arab Emirates–(BUSINESS WIRE)–CoinW, a leading global digital asset exchange, has kicked off its global tour to celebrate its 6th anniversary. The tour coincides with the Future Blockchain Summit, bringing together tens of thousands of blockchain enthusiasts and industry professionals in Dubai. At the same time, the Gitex Global event is taking place at the Dubai World Trade Center, with CoinW participating as a registered sponsor. The overall theme of the Gitex exhibition revolves around artificial intelligence and robotics, showcasing breakthroughs in smart devices, cybersecurity, mobility, and sustainability by multinational tech giants and innovative startups. The highlight of the summit was the CoinW Skypool Party held at Aura Skypool Lounge on October 18th, attended by local regulatory bodies like VARA, DMCC, and CoinW partners. The MENA region (Middle East and North Africa) is considered the fastest-growing region in terms of global digital asset user growth. Over the past year, CoinW has been actively expanding its presence in the Middle East and North Africa market. In June, CoinW received preliminary approval from the Dubai Virtual Asset Regulatory Authority (VARA), allowing it to conduct regional marketing operations in Dubai under the newly established regulatory framework. This also marks Dubai as the first stop of CoinW’s 6th anniversary global tour. Throughout the two-month celebration, CoinW will physically reach out to its diverse global user base, including Africa, Australia, Europe, South America, and Asia. Meanwhile, CoinW is also offering a $1 million reward for new users to promote wider adoption of digital assets. During a roundtable forum at the Future Blockchain Summit, CoinW’s Chief Media Officer emphasized the importance of bridging the gap between institutional investors and ordinary users. Institutional investors are known for their research-driven approach, while ordinary users often react later to news and trends. To address this, CoinW has been launching extensive educational products and applications, including online communities, video and article tutorials, and the aforementioned $1 million reward for new users. Education is crucial for CoinW as they aim to build a community based on a solid foundation rather than hollow speculation. As part of its 6th anniversary celebration, CoinW will also host live broadcasts, contract trading challenges, blind box activities, and copy trading events. The global tour will ultimately return to Dubai for a celebratory event. Contacts Media Contact: Diao Company Name: CoinW Exchange Website: www.coinw.com Email: [email protected]
 
Bitcoin Amsterdam 2023, hosted at Amsterdam’s Westergas from October 12-13, exceeded expectations, with close to 3,000 attendees. This remarkable turnout mirrored the popularity from the previous year, showcasing the unwavering dedication and passion of the European Bitcoin community. Despite the challenges posed by the ongoing bear market, attendees from all corners of the globe flocked to the Dutch capital to engage with industry thought leaders, visionaries, and influential figures, including Edward Snowden, Adam Back, Stella Assange, and many others. It proved to be more than just a conference; it was a dynamic platform bringing together a diverse range of participants, from industry leaders to builders in Bitcoin, institutions, academics, educators, activists, and the global community of Bitcoin enthusiasts. One of the standout aspects of this year’s event was the series of industry announcements that took place. Attendees were treated to exciting revelations, including the launch of cutting-edge products such as the Trezor Safe 3 Hardware wallet and the Wassabi Wallet’s new conjoin API.HIVE Digital Technologies Ltd. provided an update on its HPC and AI infrastructure projects. These and many other announcements that took place at Bitcoin Amsterdam reaffirmed the dynamism of the Bitcoin ecosystem, illustrating its continued growth and development Book enthusiasts had the opportunity to engage in book signings and celebrate new book launches, with Aaron’s Van Wirdum unveiling “The Genesis Book.” The event not only offered a space for the exchange of ideas but also celebrated the literary contributions to the Bitcoin space, providing attendees with valuable resources to further their understanding of this transformative technology. Amid the discussions and product launches, Bitcoin Amsterdam 2023 also embraced the artistic realm with the “Ordinal Night” digital art exhibition and art auction. This innovative showcase highlighted the fusion of technology and creativity, demonstrating that Bitcoin extends beyond finance and into the realm of culture and expression. A particularly exciting highlight of the event was the announcement of the “One Million DollarSeed Funding Prize” by Samara Alpha. The inaugural Bitcoin Alpha Competition, co-hosted by Samara Alpha and Bitcoin Magazine, sought to democratize investing by identifying the best discovered Bitcoin fund manager. This initiative reflects the Bitcoin community’s commitment to fostering innovation and inclusivity, creating a level playing field for aspiring fund managers to shine. In the spirit of community-building, Bitcoin Amsterdam 2023 proved to be a gathering of minds and ideas, a hub of technological innovations and artistic expression. The event celebrated the diverse facets of the Bitcoin ecosystem, from groundbreaking product releases to artistic expression, and even venture-capital initiatives aimed at propelling Bitcoin into a new era of financial democratization. As we reflect on this year’s conference, it’s clear that The Bitcoin Conference has evolved into a multidimensional platform where thought leaders and industry pioneers converge to shape the future of Bitcoin. The event’s dynamism and commitment to the European community underscore the enduring significance of Bitcoin in our ever-changing world. It’s not just one of the cryptocurrencies; it’s a global movement, a force for innovation, and a beacon of hope for a more equitable financial future. Bitcoin Amsterdam 2023 was a testament to the enduring power of this technology and the passionate community that continues to drive it forward. Upcoming Bitcoin events: Nashville, Tennessee July 25-27, 2024 get tickets now Amsterdam, TBD 2024 get tickets now Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.
 
XRP price is correcting gains from the $0.585 resistance against the US Dollar. The bulls are active near $0.550 and might soon initiate a new rally. XRP started a strong increase above the $0.55 resistance. The price is now trading above $0.525 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.5520 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair might correct further lower, but the bulls could remain active near $0.5320. XRP Price Holds Ground After forming a base above the $0.478 level, XRP started a fresh increase. The recent pump in Bitcoin and Ethereum also dragged XRP higher. The price gained pace after it broke the $0.525 resistance. There was a move above the $0.550 and $0.565 resistance levels. Finally, it traded to a new multi-week high at $0.5859. Recently, there was a downside correction below the $0.575 level. The price declined below the 23.6% Fib retracement level of the upward move from the $0.4778 swing low to the $0.5859 high. The price is now trading above $0.525 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support near $0.5520 on the 4-hour chart of the XRP/USD pair. Source: XRPUSD on TradingView.com On the upside, immediate resistance is near the $0.563 level. A close above the $0.563 level could send the price toward the $0.585 resistance. If the bulls remain in action above the $0.585 resistance level, there could be a drift toward the $0.620 resistance. Any more gains might send XRP toward the $0.645 resistance. Are Dips Limited? If XRP fails to clear the $0.563 resistance zone, it could continue to move down. Initial support on the downside is near the $0.5520 zone and the trend line. The next major support is at $0.532 or the 50% Fib retracement level of the upward move from the $0.4778 swing low to the $0.5859 high. If there is a downside break and a close below the $0.532 level, The price might accelerate lower. In the stated case, the price could retest the $0.505 support zone. Technical Indicators 4-Hours MACD – The MACD for XRP/USD is now losing pace in the bullish zone. 4-Hours RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $0.552, $0.532, and $0.505. Major Resistance Levels – $0.563, $0.585, and $0.620.
 
As the price of Bitcoin surges with its sights set on breaching the $40,000 mark, a wave of optimism is sweeping through the crypto community. Blockchain data from Santiment offers a glimpse into the fervor and growing confidence among traders, largely fueled by the anticipation of a potential green light for a Bitcoin spot exchange-traded fund (ETF) in the United States. This week, the leading cryptocurrency reached a significant milestone by scaling heights slightly above $35,000 for the first time in 2023. With a solid support level at $33,000, traders have been consistently building new positions, anticipating yet another breakout beyond the $35,000 threshold. The current Bitcoin price, according to CoinGecko, stands at $34,750, with a 24-hour rise of 2.0% and an impressive seven-day rally of 23.2%. The climb beyond $35,000 is a crucial juncture. A successful retest of this resistance level could potentially confirm a path toward the $40,000 mark. This move might signify the commencement of a pre-halving rally, a scenario that excites many Bitcoin enthusiasts. Investors Load Up On Bitcoin Ahead Of Bull Market James V. Straten, a research and data analyst, sheds light on the mounting enthusiasm among investors as they eagerly accumulate BTC in preparation for the impending bull market. Over the past 30 days, holders across various categories, including miners and exchanges, have absorbed a staggering 103,000 Bitcoin, according to Straten. The prevailing sentiment is unequivocally bullish, with a growing consensus that a spot Bitcoin ETF listing in the United States is becoming increasingly likely. Darius Tabatabai, the co-founder of decentralized exchange Vertex Protocol, commented on this prospect, stating: Adding Fuel To Crypto Fire Matthew J. Maley, the chief market strategist at Miller Tabak + Co., LLC, in a Bloomberg report points out another factor contributing to the crypto rally: geopolitical tensions. Maley believes that investors are beginning to see cryptocurrencies as an essential currency sooner than anticipated due to the escalating geopolitical conflicts worldwide. He said: As Bitcoin continues its ascent, both speculative optimism and real-world events are converging to shape the narrative, leading many to believe that BTC’s journey beyond $40,000 may not be far off. Whether it’s the promise of a Bitcoin ETF or the shifting landscape of global affairs, Bitcoin remains in the spotlight, attracting increased attention from a broad spectrum of investors. Featured image from Quora
 
Ethereum price found support near $1,750 against the US dollar. ETH is again rising and attempting an upside break above the $1,850 resistance. Ethereum remained well-bid above the $1,750 support zone. The price is trading above $1,780 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support near $1,795 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it clears the $1,825 and $1,850 resistance levels. Ethereum Price Could Restart Rally Ethereum started a downside correction below the $1,800 level. ETH tested the $1,750 support where the bulls emerged. A low was formed near $1,756 and the price started a fresh increase, like Bitcoin. There was a move above the $1,780 and $1,785 resistance levels. The price was able to climb above the 50% Fib retracement level of the downside correction from the $1,849 swing high to the $1,756 low. There is also a key bullish trend line forming with support near $1,795 on the hourly chart of ETH/USD. Ethereum is now trading above $1,780 and the 100-hourly Simple Moving Average. On the upside, the price is facing resistance near the $1,825 level. It is close to the 76.4% Fib retracement level of the downside correction from the $1,849 swing high to the $1,756 low. Source: ETHUSD on TradingView.com The first major resistance is near the $1,850 zone. A close above the $1,850 resistance could spark another rally. The next key resistance is near $1,880, above which the price could accelerate higher. In the stated case, Ether could rise toward the $1,950 level. Any more gains might open the doors for a move toward $2,000. Another Decline in ETH? If Ethereum fails to clear the $1,825 resistance, it could start another decline. Initial support on the downside is near the $1,800 level and the trend line region. The next key support is $1,750 and the last swing low. The main support is now forming near the $1,740 level and the 100-hourly Simple Moving Average. A downside break below the $1,740 support might send the price further lower. In the stated case, Ether could drop toward the $1,700 level. Any more losses may perhaps send the price toward the $1,660 level. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 level. Major Support Level – $1,750 Major Resistance Level – $1,850
 
Solana price (SOL) has recently showcased an impressive performance, setting new records as it regains its bullish momentum. After experiencing a significant decline since July 14, SOL has emerged as one of the top-performing cryptocurrencies, trailing only behind Pepecoin (PEPE) and Chainlink (LINK) in terms of gains in the past 24 hours. With sustained upward movement, SOL has surged by 8.9% in the past day, 39% in the past week, a remarkable 51% in the last two weeks, and 68% in just 30 days. Solana Price Potential Unveiled The recent surge in Solana price has caught the attention of crypto enthusiasts and analysts alike. The 8.9% increase in the past 24 hours has propelled SOL to outperform most other cryptocurrencies in the top 100 list. On this matter, renowned crypto analyst “Titan of Crypto” has shed light on the anticipated target zones for Solana in the months ahead. According to the Titan of Crypto’s in-depth analysis, SOL has the potential to achieve a price range between $69 and $123. These projections reflect the optimistic outlook surrounding Solana’s future performance and market prospects. However, despite recently attaining a new yearly high for 2023 and surpassing its monthly resistance level, Solana’s price faces several obstacles that could impact the realization of these projections in the upcoming months. It is important to note that Solana’s price has reached levels not witnessed since the collapse of the FTX crypto exchange back in November 2022. These factors contribute to the existing resistance that Solana needs to overcome for the anticipated scenario to materialize. SOL’s Next Resistance Level Presents 9% Upside Potential What is particularly encouraging for Solana bulls is the potential for further growth in the near term, despite the upcoming challenges that may lie ahead for the cryptocurrency’s price. Currently, the next significant resistance level stands at $36.86. If the current bullish momentum continues, there is a possibility for another leg-up of approximately 9% once this resistance is breached. Should Solana successfully surpass this hurdle, the subsequent obstacles for SOL are positioned at $37, $39, $43, and $46 in the months to come. However, for the token to solidify the breakout of its monthly resistance and sustain the upward trend, it is crucial to achieve a monthly close above the $32 mark. This emphasis on a monthly close above $32 serves as a key metric to confirm the bullish momentum and support the ongoing upward trajectory of Solana. Market participants will be closely monitoring these developments to assess the token’s ability to maintain its positive momentum and overcome potential challenges in the future. According to CoinGecko data, the current Solana price stands at $33.00. The trading volume for the past 24 hours amounts to $1,668,696,328.50. With a total supply of 420 million SOL tokens, Solana’s market capitalization is valued at $13,631,609,298. Featured image from Shutterstock, chart from TradingView.com
 
After months of development and weeks after testnet deployment, the POL upgrade is now live on the Ethereum mainnet. According to an update on October 25, Polygon Labs, the team behind the Ethereum sidechain, Polygon, said the move is a milestone for the project. The team claims the release of POL “paves the way for the next series of milestones in the Polygon 2.0 roadmap.” Polygon 2.0 Taking Shape: What’s In Store? The Ethereum sidechain continues to build. Despite challenges in the last bear run, which saw MATIC, the platform’s native currency, drop below $1 before crashing to spot levels, the team announced the start of Polygon 2.0, reviving developer activity. The primary objective of the upgrade is to make the network more scalable, secure, and user-friendly. To achieve this, Polygon will leverage a new consensus mechanism, proof-of-stake liquidity (POSL), which the developer claims is more efficient. Notably, the team is developing key differences between this consensus system for Polygon 2.0. For instance, validators must stake their native tokens and liquidity to participate in the network. The liquidity provided by participating validators will then be channeled to boost the liquidity of its decentralized exchanges (DEXes). Subsequently, once Polygon 2.0 goes live, exchanges running on the sidechain will be more liquid, meaning users can easily swap tokens in a low-fee, highly scalable environment. Will MATIC Bulls Break $1? Moreover, POL will be critical for Polygon 2.0. With the token now being initiated on the Ethereum mainnet, Polygon Labs is jump-starting the process, setting the ball rolling for POL, which the team said will “power a vast ecosystem of ZK-based layer-2 chains.” The team claims POL is a “hyperproductive token” primarily designed to power a multichain ecosystem. Besides, the token will be used to settle fees, and holders will participate in governance. At the same time, those who choose to stake it will be paid in the token. Still, it is not clear whether this update will support MATIC prices in the long run. At present, the $1 psychological level remains elusive. Looking at price charts, MATIC is already up 30% from October 2023 lows and continues to unwind losses. Moreover, bulls have reversed the dump of October 17 and continue to power higher. From the daily chart, bull bars are banding along the upper BB, a volatility indicator. This suggests that the underlying momentum is building up, favoring optimistic buyers.
 
Bitcoin price stayed above the $33,200 support zone. BTC is rising and might aim for a fresh rally above the $35,000 resistance. Bitcoin is again moving higher and approaching the $35,000 resistance. The price is trading above $34,000 and the 100 hourly Simple moving average. There is a major bullish trend line forming with support near $34,220 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh surge if there is a close above the $35,000 resistance zone. Bitcoin Price Eyes More Gains Bitcoin price corrected gains from the $35,000 resistance zone. BTC declined below the $34,200 and $34,000 levels. However, the bulls were active above the $33,200 level. A low was formed near $33,250 and the price recently started a fresh increase. There was a clear move above the $34,000 resistance zone. The price climbed above the 50% Fib retracement level of the downward move from the $35,225 swing high to the $33,250 low. Bitcoin is now trading above $34,000 and the 100 hourly Simple moving average. There is also a major bullish trend line forming with support near $34,220 on the hourly chart of the BTC/USD pair. On the upside, immediate resistance is near the $34,750 level or the 76.4% Fib retracement level of the downward move from the $35,225 swing high to the $33,250 low. The next key resistance could be near $35,000. The main resistance is now forming near the $35,200 zone. Source: BTCUSD on TradingView.com A clear move above the $35,200 barrier might start another surge. The next key resistance could be $36,500. Any more gains might send BTC toward the $38,000 level in the coming days. Another Decline In BTC? If Bitcoin fails to rise above the $35,000 resistance zone, it could start another decline. Immediate support on the downside is near the $34,200 level and the trend line. The next major support is near the $33,250 level. If there is a move below the $33,250 support, there is a risk of more downsides. In the stated case, the price could decline toward the $31,500 level in the coming sessions. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $34,200, followed by $33,250. Major Resistance Levels – $34,750, $35,000, and $35,200.
 
After experiencing a brief correction from its new yearly high of $35,300, Bitcoin (BTC), the leading cryptocurrency in the market, is showing signs of renewed bullish momentum. As the digital asset approaches the $35,000 mark again, a key indicator is following patterns observed in 2020, suggesting a potential surge that could propel Bitcoin to reclaim its previous peak of $65,000. Scott Melker, a prominent crypto investor and host of the ‘Wolf of All Streets’ podcast, notes the significance of Bitcoin’s overbought Relative Strength Index (RSI) on both lower time frames and the weekly chart, hinting at a promising trajectory for the cryptocurrency’s price. BTC’s 2020 RSI Flashback Bitcoin’s RSI, a widely used technical indicator that measures the strength and speed of price movements, is currently flashing signs of extreme overbought conditions on various lower time frames. Notably, the daily RSI stands at 88, indicating a potential need for a healthy retracement. However, the weekly RSI garners attention as it has just entered the overbought zone, a range historically associated with substantial upward movements in a true bull market. To gain insights into Bitcoin’s potential future trajectory, it is worth revisiting the patterns observed in 2020. According to Melker, during that year, Bitcoin’s RSI went overbought on the weekly chart when the cryptocurrency was trading around $12,000, as indicated by a small blue circle on the bottom left of the chart above. Subsequently, Bitcoin embarked on an unprecedented rally, surging to $65,000. This historical precedent highlights the possibility of a similar price action if true bullish catalysts emerge. With Bitcoin’s weekly RSI entering the overbought territory once again, there is a growing sentiment among market observers that the cryptocurrency has ample room to run. Scott Melker emphasizes that if significant bullish catalysts materialize, Bitcoin’s potential for further upside becomes virtually limitless. The current RSI readings hint at the potential for an extended price rally, potentially enabling Bitcoin to surpass its current highs and reach the coveted $65,000 level. Bitcoin Market Dynamics Shift As Key Indicators Surge Adding to Melker’s bullish outlook for BTC, crypto analyst Miles Deutscher has stated on X (formerly Twitter) that the Bitcoin market landscape has witnessed a notable shift in recent days, leading to a significant uptick in bullish sentiment. In particular, volume and open interest in Bitcoin-related futures and options on the Chicago Mercantile Exchange (CME) have risen to multi-month and multi-year highs, indicating growing interest and participation from institutional investors. Moreover, call options open interest has surpassed the peak levels seen during the 2021 bull run. In tandem with these developments, average crypto-related stocks have experienced a substantial uptick, and public funds have seen a massive influx of $43 million into Bitcoin, equivalent to 10% of the year-to-date inflows, all within a single day. These metrics reflect increased trading activity and liquidity in the Bitcoin derivatives market, indicating heightened institutional interest. Such a surge in trading volume often precedes significant price movements, leading some analysts to anticipate a potential bullish breakout shortly. Another encouraging sign for Bitcoin’s prospects lies in the call options open interest, which has recently surpassed $10 billion. To put this into context, during the peak of the 2021 bull run, call options open interest reached $9.9 billion. This milestone suggests that market participants are increasingly positioning themselves for a potential rise in Bitcoin’s price. The growing number of call options indicates a bullish sentiment among traders, further fueling expectations of a potential price surge. As of the time of writing, Bitcoin is trading at $34,500, successfully reclaiming the level it briefly lost during a recent correction on Tuesday. Over the past 24 hours, Bitcoin has maintained gains of 1.4%. Featured image from Shutterstock, chart from TradingView.com
 
Loopring, the layer-2 decentralized exchange (DEX) for Ethereum that uses zk-Rollups, is going multi-network, subsequently expanding its core pillars to four, following a recent update. In a Medium post on October 24, the platform said as part of this change in approach, they will be expanding the functionality of their Loopring Dapp. Loopring Going Multi-Network: Will This Spark Activity? Under Loopring’s new shift, there will be two parts of the Dapp in Loopring Pro and Earn functionalities. Furthermore, the Dapp’s Smart Wallet will become multi-network, opening up more users in diverse but supported platforms. Loopring Dapp was one of the three core pillars in the previous setup. Specifically, the Loopring zk-Rollups protocol formed the core infrastructure through which the layer-2 solution will scale all their products while relying on Ethereum’s security. Loopring Pro Dapp was a portal through which decentralized finance (DeFi) users would interact with the Loopring DEX and other services. On the other hand, the Loopring Smart Wallet will be a tool where users can store assets securely. This wallet is baked into Loopring Pro Dapp. Following the announcement, the team said the Loopring Earn DApp will serve as the “lighter” version of the Pro service on the platform. A notable difference is that it has been reworked to be more customizable and can be deployed in any other compatible network via the Loopring zk-Rollups protocol. The layer-2 protocol continues to build. Presently, the latest iteration of their DEX, version 3.6, the team said, has processed over 12 million transactions, generating more than $6 billion in trading volume. Since launching, the DEX has connected over 210,000 layer-2 wallets. Even so, the team plans not to build on this update. The strategy will be to deploy on platforms like Arbitrum, where it can serve as a layer-2 or layer-3, creating a “highly optimized app-chain experience.” While at it, the team hopes to expand and scale their “new core products,” creating more opportunities for DeFi users. LRC Remains Under Pressure: Will This Change? Following this news, LRC, the platform’s native token, remains on an uptrend, rising with the broader markets. Still, whether the uptick was due to the revival in Bitcoin and Ethereum is not immediately clear. However, what’s clear is that the announcement coincided with the rally of BTC above $32,000, registering new 2023 highs. LRC is at new October 2023 highs, up 20% from October lows. At spot levels, the token is at December 2022 lows and down 62% from February 2023 highs. At 2023’s peak, it changed hands at around $0.50.
 
Project Sophie Chosen to be the Host Site ALBANY, N.Y.–(BUSINESS WIRE)–Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. (“SCI”), a developer of green data centers for Bitcoin mining and other intensive computing applications, announced today a twelve month 4.4 MW hosting contract with Bit Digital at Soluna’s Project Sophie in Kentucky. The contract will fill capacity at the data center that is becoming available as the current customer’s contract begins to roll off in November 2023. John Belizaire, CEO of Soluna Computing, commented, “Earlier this year we shifted our business model to offer hosting to industry leaders. Bringing on top notch mining companies like Bit Digital is extremely exciting and we look forward to partnering.” The Company expects the Bit Digital hardware to be online by early November. Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Soluna Holdings, Inc. may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Soluna’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, further information regarding which is included in the Company’s filings with the Securities and Exchange Commission. All information provided in this press release is as of the date of the press release, and Soluna Holdings, Inc. undertakes no duty to update such information, except as required under applicable law. About Soluna Holdings, Inc (SLNH) Soluna Holdings, Inc. is the leading developer of green data centers that convert excess renewable energy into global computing resources. Soluna builds modular, scalable data centers for computing intensive, batchable applications such as Bitcoin mining, AI, and machine learning. Soluna provides a cost-effective alternative to battery storage or transmission lines. Soluna uses technology and intentional design to solve complex, real-world challenges. Up to 30% of the power of renewable energy projects can go to waste. Soluna’s data centers enable clean electricity asset owners to ‘Sell. Every. Megawatt.’ Contacts Sam Sova Founder and CEO SOVA [email protected]
 
The spotlight has recently turned towards the Uniswap Foundation following notable shifts in its holding patterns. Uniswap Foundation, which backs the development and expansion of the Uniswap (UNI) protocol, made headlines for its sale of the platform’s native tokens. Uniswap’s UNI token has maintained its position as a prominent digital asset in decentralized finance (DeFi). Yet, the recently reported sale by the foundation responsible for its proliferation raises questions regarding its long-term strategy and the implications for the wider UNI ecosystem. $43 Million Uniswap Token Sale Capture Attention Recent data suggests that the Uniswap Foundation moved roughly $43.3 million worth of UNI tokens within three days. This activity becomes even more interesting when considering that substantial movements of UNI tokens from the foundation’s wallet have been rare over the past two years, according to data from Etherscan. In a disclosure by the renowned on-chain analytics platform Lookonchain, the foundation reportedly transferred 6.8 million UNI tokens (valued at $29.16 million) to a new digital wallet. A segment of these tokens also reached FalconX, a recognized digital asset trading platform. Adding another layer to this saga, Lookonchain unveiled that three million UNI tokens, translating to $13 million, were sold via the Kraken exchange deposit address affiliated with the automated market maker Wintermute. The timing of this sale coincided with a period of significant gains for the UNI token, according to Lookonchain. Further Insights Into The Foundation’s Token Activities PeckShieldAlert, a renowned market risk assessment entity, also highlighted that the Uniswap Foundation had relocated nearly ten million UNI tokens to four distinct addresses. With the cumulative value pegged at approximately $43.3 million, according to PeckShieldAlert, these revelations raise further questions about the foundation’s objectives behind these token sales. Shedding light on the inflow of tokens to the foundation’s wallet, data from Etherscan documented the receipt of 10,685,984 UNI from a wallet labeled “Uniswap V2: UNI Timeblock” on October 20. Meanwhile, regardless of the sell-off from the Uniswap Foundation, the UNI token has been in green over the past week, up by 7.5%. This bullishness appears due to the current global crypto uptrend sentiment, especially with Bitcoin up by more than 20% in the past 7 days. Featured image from Unsplash, Chart from TradingView
 
Bitcoin saw a brief stall in its rally which triggered a decline back down to $33,700. This decline, seemingly out of nowhere, may have not been random given some developments in the crypto space. As the rally resumes once more, here’s a look at these developments. BlackRock Spot Bitcoin ETF Listing Taken Down The BlackRock Spot Bitcoin ETF was first listed on the Depository Trust and Clearing Corporation’s (DTCC) on Tuesday, triggering the first wave of the Bitcoin rally. However, in the same day, crypto community members noticed that the listing on DTCC had been mysteriously taken down. The listing would remain off the site for several hours while community members speculated on what could be the cause of this. Around this time, the price of Bitcoin began to fall, seemingly driven by the fact that investors saw the removal of the BlackRock listing as a sign that a Spot Bitcoin ETF wasn’t coming as soon as they expected. Hours later, Bloomberg Analyst Joe Light revealed that the listing was back up on the site. Apparently, the initial listing and the subsequent ones had carried one small change in detail which was a change in the Create/Redeem section from a “Y” to a “N.” Another Bloomberg analyst James Seyffart explained that this likely meant that it was to indicate whether the ETF listing was open to creations/redemptions. When Light asked if this change could point out a launch without using that attribute, to which Seyffart said: “I personally don’t think this means all that much if I’m being honest. Think it indicates Blackrock is getting everything ready to launch if and when they get an SEC approval. And that the N just means it’s not open for create redeem because it’s not live yet.” BTC Price Bounces Back The return of the BlackRock Spot Bitcoin ETF on the DTCC sparked enthusiasm across the space once more than it did before. The price of Bitcoin quickly started to recover and by Wednesday morning, was back above the $34,000 mark once more. These events outline the importance of a Spot ETF and how it is the major driver behind the most recent price rally. So an approval or a rejection would both have a major impact on the digital asset’s price. For one, an approval would likely see Bitcoin clear above $40,000. However, a rejection would be detrimental to the rally, and will probably send it back below $30,000. Presently, Bitcoin is maintaining bullish momentum above $34,100. But it is seeing small losses of 0.99% on the 24-hour chart, and its daily trading volume is down 34.58%.
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