Category Archives: Cryptocurrency
Solana dethrones BNB to rank as the top 4th cryptocurrency globally – Finbold – Finance in Bold
Solana (SOL) just reached a new milestone as the fourth most valuable cryptocurrency. This happens amid a fantastic year for what is now being again called the Ethereum-killer.
Notably, Solana surpassed BNB Chain (BNB) in market cap between December 22 and 23. According to CoinMarketCap, both now have $40.84 billion and $40.64 billion in capitalization, respectively.
Currently, SOL registers a 24-hour volume of $3.15 billion against BNBs $772.54 million. The former is up 28% weekly, responsible for conquering the fourth position of the leading crypto index.
In the meantime, Tether (USDT) has a $50 billion higher market cap of $91.25 billion in the third position. Bitcoin (BTC) is still the dominating cryptocurrency with $853.79 billion capitalization, followed by Ethereum (ETH), which is valued at $274.90 billion.
This surge in ranking should not be underestimated, directly resulting from a growing interest in Solanas ecosystem.
Essentially, Solanas total value locked (TVL) has played a crucial role in DeFis growth in 2023. The decentralized finance ecosystem even surpassed countries economies (GDP) at $52 billion worth of cryptocurrencies invested in these protocols.
Justin Bons, founder and CIO of Cyber Capital, Europes oldest cryptocurrency fund, believes in a narrative shift. According to a post from Bons on X (formerly Twitter), the market is turning its eyes to layer-1 scalability.
In particular, projects like SOL aim to offer a more efficient user experience in DeFi and Web3. They use technological innovations to increase each networks capacity without relying mostly on second layers, such as Ethereum.
Therefore, cryptocurrency investors must prepare to learn and adjust as the market evolves. Changes usually bring challenges but also drive improvement and opportunities, as expressed by Justin Bons: What is happening in cryptocurrency now is awesome.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
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Solana dethrones BNB to rank as the top 4th cryptocurrency globally - Finbold - Finance in Bold
Beijing to draft national Web3 development plan amid strict cryptocurrency ban – South China Morning Post
China will draft a national Web3 development plan to suit the countrys needs, according to the Ministry of Industry and Information Technology (MIIT), which did not mention cryptocurrencies even as Beijing maintains its support for Hong Kongs ambition to become a major virtual-asset hub.Chinas Ministry of Industry and Information Technology released a statement addressed to Hong Kong lawmaker Johnny Ng Kit-chong about the mainlands Web3 development plan. Photo: Edmond So
The MIIT on Tuesday said that the proposed draft will not only clarify the countrys Web3 development path, technological priorities and application models, but also sharpen focus on areas including government affairs and industry.
Web3 is confused for crypto, NFTs and the metaverse, but what is it really?
The project allows users to store public cryptographic keys in a RealDID document published on a blockchain after real-name verification by the polices Cyber Trusted Identity system. Among its purported benefits, RealDID aims to improve privacy by allowing internet users to log into online platforms without using their personal information such as phone numbers.
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Beijing to draft national Web3 development plan amid strict cryptocurrency ban - South China Morning Post
Ethereum Moves Higher; Bitcoin SV Emerges As Top Gainer – Benzinga
December 27, 2023 9:34 AM | 1 min read
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Bitcoin (CRYPTO: BTC) edged higher, with the cryptocurrency prices trading above the $42,800 level on Wednesday.
Ethereum (CRYPTO: ETH) also recorded gains, trading above the key $2,200 mark this morning.
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Bitcoin SV (CRYPTO: BSV) was the top gainer over the prior 24 hours, while Bonk (CRYPTO: BONK) turned out to be the biggest loser.
At the time of writing, the global crypto market cap rose to $1.67 trillion, recording a 24-hour gain of 0.5%. BTC was trading higher by 0.2% at $42,842 while ETH rose by around 1.7% to $2,284 on Wednesday.
Here are the top ten crypto gainers and losers over the past 24 hours:
Bitcoin SV (CRYPTO: BSV)Price: $62.2424-hour gain: 24%
Polygon (CRYPTO: MATIC)Price: $1.0924-hour gain: 21.8%
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Mina (CRYPTO: MINA)Price: $1.4324-hour gain: 21.5%
Astar (CRYPTO: ASTR)Price: $0.131724-hour gain: 20.5%
Optimism (CRYPTO: OP)Price: $3.6624-hour gain: 10%
Bonk (CRYPTO: BONK)Price: $0.0000155924-hour drop: 14.1%
Oasis Network (CRYPTO: ROSE)Price: $0.132824-hour drop: 9.7%
NEAR Protocol (CRYPTO: NEAR)Price: $4.1524-hour drop: 8.8%
Beam (CRYPTO: BEAM)Price: $0.0188124-hour drop: 8.3%
Quant (CRYPTO: QNT)Price: $140.4524-hour drop: 7%
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Ethereum Moves Higher; Bitcoin SV Emerges As Top Gainer - Benzinga
Elon Musk: ‘I Don’t Spend Much Time Thinking About Cryptocurrency’ but Here’s Catch – U.Today
Yuri Molchan
Elon Musk made curious statement about ideal financial system in his head and Bitcoin
During a recent Space event on X/Twitter, the platforms owner, Elon Musk, had a discussion of various aspects of the future world, including financial markets, AI and cryptocurrency, with Cathie Wood CEO of Ark Invest and a vocal Bitcoin supporter.
Here is what he told the renowned investor and Ark Invest chief executive about Bitcoin and the financial system.
Answering Cathie Wood about what he thinks about the impact of Bitcoin on the monetary system, Musk stated that he does not spend a lot of time thinking about cryptocurrency, hardly any at all. However, he admitted that he has spent quite a great deal of time thinking about what money actually is.
For Musk, money is a database for allocating resources. For him, fiat currency is fine for resource allocation; however, he added that if you have a predictable money supply and it doesnt get inflated or deflated too much, it is rules-based and provided the government does not too much abuse the privilege to create more money.
He stated that an unavoidable temptation to debase the money supply in humanity goes back to the times when money was invented in any form, including in gold. Musk then likened the monetary system to an information system, stating that like the latter has noise, the former has inflation, high transaction times, fraud, etc., it would be great if all of these could be reduced in a financial system. For Musk, money is information moving on a network in general.
What Musk described pretty much describes cryptocurrency, and Bitcoin in particular. Cathie Wood pointed to that, stating that she reckons that her point of view here coincides with Musks, and that on this issue they are both on the crypto team.
Musk is a well-known supporter of the original meme cryptocurrency Dogecoin. In the past, he frequently endorsed DOGE, talking about it as the peoples money or posting memes related to it.
In 2021, Musk debuted as host on SNL, where he discussed Dogecoin, thus giving DOGE an even bigger endorsement.
About the author
Yuri Molchan
Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.
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Elon Musk: 'I Don't Spend Much Time Thinking About Cryptocurrency' but Here's Catch - U.Today
Solana Price Plunge Sparks Debates: Is the Bull Run Over? – Analytics Insight
The seventh-largest cryptocurrency by market capitalization, Solana (SOL), has had a significant decline in price over the last week, shedding over 30% of its value from its peak of US$58.38 on November 9, 2023. Analysts and cryptocurrency fans are debating whether or not the smart contract platforms bull run is finished in light of the recent drop in the price of Solana.
The goal of the blockchain platform Solana is to enable decentralized applications (DApps) and protocols that are quick, scalable, and safe. With minimal fees and great security, it claims to accomplish over 50,000 transactions per second (TPS) with its unique Proof of History (PoH) consensus technique. Through its Wormhole bridge, Solana facilitates interoperability with other blockchains, including Ethereum, Bitcoin, and Binance Smart Chain.
Solana has increased by more than 3,000% from the years beginning, making it one of the top-performing cryptocurrencies in 2023. Because of its potential and technological prowess, it has drawn significant interest and investment from institutional and retail investors alike. The ecosystem of Solana has also grown quickly; hundreds of DApps and protocols, including Serum, Audius, Raydium, and Star Atlas, are developed on its platform.
But Solana has also seen significant difficulties and failures, which have added to the companys recent stock decline. The following are a few elements that have lowered Solanas price:
The network outage that occurred in Solana on September 14, 2023, lasted over 17 hours. The reason for the disruption was a significant surge in transaction demand that exceeded the networks capacity. Because they were unable to access their cash and DApps, Solana users and developers were extremely frustrated and worried due to the outage. Along with its centralization and governance concerns, Solanas scalability and dependability were also called into doubt by the outage.
The general market slump that has impacted most cryptocurrencies over the last week has also had an impact on Solanas price decline. Several causes, including the US debt limit worry, the governmental crackdown on cryptocurrency exchanges and stablecoins, investor profit-taking, and concerns about inflation, all contributed to the market correction. Due to their extreme fear and panic over the market drop, cryptocurrency traders liquidated their holdings to limit their losses.
The growing competition from other smart contract platforms, such as Ethereum, Cardano, Polkadot, and Avalanche, also had an impact on Solanas price decline. Along with introducing new features and updates like Ethereums Cancun update, Cardanos smart contracts, Polkadots parachains, and Avalanches Apricot update, these platforms are also aiming to increase their performance, scalability, and security. Additionally, more developers and users are drawn to these platforms as they search for greater chances and alternatives in the cryptocurrency field.
Several cryptocurrency analysts and aficionados are still positive about Solana despite the recent price drop, thinking the cryptocurrency is well-positioned to continue rising and hit new highs. An optimistic view for Solana is supported, among other things, by:
Some technical experts believe that Solanas price decline was a normal correction following a parabolic surge. Given that Solanas price is above its 50-day and 200-day moving averages, which are regarded as support levels, they contend that the market is still in an uptrend. Additionally, they note that the price of Solana is developing a bullish flag pattern, a continuation pattern that suggests a possible upside breakthrough. They forecast that shortly, Solanas price may rise and aim for the US$70-US$80 region.
Some fundamental experts believe that Solanas recent price decline was a transitory event that has no bearing on the companys future worth or prospects. Because of its distinctive and cutting-edge technology, sizable and expanding ecosystem, devoted and encouraging community, and high demand and acceptance, they contend that Solanas foundations are still robust and sound. Additionally, they draw attention to the several forthcoming events and advancements for Solana, including the Solana Breakpoint conference, the Solana Season Hackathon, the Solana Ignition awards program, and the introduction of new DApps and protocols, all of which have the potential to increase the platforms visibility and uptake.
Some mood analysts claim that panic and terror, not reason and reasoning, were the psychological causes of Solanas price collapse. Because there is a lot of social media buzz and engagement, a large number of active addresses and transactions, a low number of short positions and liquidations, and a high number of active addresses, they contend that Solanas attitude is still upbeat and hopeful. They add that when the market steadies and the network gets back to business as usual, Solanas mood should also become better and recover.
Finally, the sharp decline in Solanas price has prompted discussions among experts and cryptocurrency fans over whether or not the platforms smart contract boom is coming to an end. Given the variety of elements and circumstances that might have an immediate or long-term impact on Solanas price, the answer is neither precise nor unambiguous. But according to technical, fundamental, and sentiment research, Solanas price drop appears to have been a brief and healthy correction rather than a catastrophic and long-lasting collapse. Consequently, Solanas bull market is still active and may continue to rise, setting new records in the process.
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Solana Price Plunge Sparks Debates: Is the Bull Run Over? - Analytics Insight
Cryptocurrency Price Today: Bitcoin Dips Below $43,000 As Top Coins Land In Reds – ABP Live
Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, dipped below the $43,000 mark early Wednesday, and also briefly went below $42,000 before quickly recovering. The time, then, has come for BTC to hold strong against the next resistance level of $40,600 to see out 2023 on a positive note. It remains to be seen when the market will recover from the holiday lull among investors. Popular altcoins including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), Litecoin (LTC), and Dogecoin (DOGE) landed in the reds across the board. Mina (MINA) went on to become the biggest gainer, with a 24-hour jump of over 21 percent. Memecoin BONK became the biggest loser, with a 24-hour dip of over 16 percent.
The global crypto market cap stood at $1.64 trillion at the time of writing, registering a 24-hour dip of 2.71 percent.
Bitcoin price stood at $42,331.78, registering a 24-hour dip of 2.53 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 37.58 lakh.
ETH price stood at $2,223.98, marking a 24-hour loss of 1.95 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.97 lakh.
DOGE registered a 24-hour loss of 3.58 percent, as per CoinMarketCap data, currently priced at $0.09059. As per WazirX, Dogecoin price in India stood at Rs 8.10.
Litecoin saw a 24-hour dip of 0.03 percent. At the time of writing, it was trading at $72.74. LTC price in India stood at Rs 6,363.
XRP price stood at $0.6194, seeing a 24-hour loss of 2.80 percent. As per WazirX, Ripple price stood at Rs 54.70.
Solana price stood at $109.38, marking a 24-hour dip of 8.51 percent. As per WazirX, SOL price in India stood at Rs 9,540.98.
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Mina (MINA)
Price: $1.4324-hour gain: 21.87 percent
Sei (SEI)
Price: $0.49424-hour gain: 17.40 percent
Astar (ASTR)
Price: $0.128624-hour gain: 16.05 percent
PancakeSwap (CAKE)
Price: $3.3724-hour gain: 13.16 percent
Polygon (MATIC)
Price: $0.995324-hour gain: 8.99 percent
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Bonk (BONK)
Price: $0.0000154224-hour loss: 16.82 percent
ORDI (ORDI)
Price: $66.8524-hour loss: 12.83 percent
SATS (1000SATS)
Price: $0.000788224-hour loss: 11.26 percent
Injective (INJ)
Price: $37.3624-hour loss: 11.08 percent
Celestia (TIA)
Price: $12.2224-hour loss: 10.67 percent
Mudrex co-founder and CEO Edul Patel told ABP Live, Bitcoin slipped below the $42,000 level, as profit-taking among certain market participants intensified. Although BTC briefly dipped below $42,000, it swiftly rebounded and is currently trading around the $42,300 mark. The market is currently witnessing a tense battle for control, with a narrow range constraining the influence of both bulls and bears. Despite a 37% retracement from its peak, Bitcoin maintains strength above the critical $40,000 support level. In sync with Bitcoin, Ethereum is also down by 2%, and the majority of altcoins are experiencing sell-offs booking short-term gains.
CoinSwitch Markets Desk noted, The crypto market experienced a decline of -2.6% over the past 24 hours, resulting in a total market capitalisation of $1.71 trillion. However, the crypto fear and greed index looks positive and has increased by 2 points since yesterday. Crypto markets saw a minor correction as BTC briefly traded below $42k late last night before honouring the trend line and taking support at around $41.8k USD mark.
Rajagopal Menon, Vice President, WazirX, said, Today witnessed a downturn in Bitcoin's price as traders rapidly liquidated their positions due to escalating funding rates, shifting the market sentiment from positive to negative. Concerns arise as the current price hovers around $42.6K, approaching a crucial support level of $42,400. While traders anticipate a potential year-end rally and await the US SEC's decision on a spot Bitcoin ETF, heightened trading volume suggests continued market interest amidst these developments.
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, Cryptocurrency markets are facing a significant decline, with Ethereum (ETH), Dogecoin (DOGE) and Bitcoin (BTC) witnessing significant price declines. Ethereum's drop to $2,213.18, down 8.75% over the past month, indicates a profit-taking trend following recent gains. Dogecoin follows with a decline of 11.42% to $0.09019, in line with the movement in the broader market. Bitcoin fell 12.19% to $42,808.72, accompanied by increased trading volume. This market correction is attributed to holders capitalizing on profits, raising concerns about a broader shift in investment strategies. Analysts are closely watching this dynamic, anticipating potential market rebalancing and highlighting the importance of Bitcoin's performance in shaping overall market sentiment.
CoinDCX Research Team told ABP Live, In the last 24 hours, the overall crypto market experienced a decline following reports that creditors of the defunct Bitcoin exchange Mt. Gox have begun receiving fiat repayments for their trapped Bitcoin. While this news created FUD in the market, it's important to note that its impact on selling pressure is uncertain.BTC is currently below the support/resistance (S/R) flip at $42,600, suggesting slight bearishness. The next key support level is at $40,600, and it's crucial for BTC to hold above this level to maintain its strength and bullish outlook.
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Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.
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Cryptocurrency Price Today: Bitcoin Dips Below $43,000 As Top Coins Land In Reds - ABP Live
Ethereum Price Prediction 2024, 2025: Will ETH Price Cross The $3,000 This Year? – Coinpedia Fintech News
Story Highlights
As Bitcoin surges past the $40K threshold to approach $45K, Ethereum, the foremost altcoin, experiences a significant boost in value, riding the wave of improving market sentiments. Surpassing the $2000 milestone, Ethereums upward price trajectory gathers pace, exhibiting no indications of slowing down.
ETHs price action reveals a bullish breakout, surpassing $2200 and targeting the $2400 resistance. With Ethereum hinting at further breakouts, buyer enthusiasm grows, reflecting a potential bullish trend for 2024.
Ethereums price movement reflects resilience to cross above $2500 and energizes a trend to reach $3000. However, the question remains: Is it too late to buy Ethereum? Or Will Ethereum go up?
We delve into these critical questions and more in our comprehensive Ethereum price prediction for 2023-2030.
Read on to explore the future of Ethereum and what it may hold for investors and the broader crypto market.
As the second most valuable coin in todays market, Ethereum holds promising price predictions for the years 2024-2030. Generally, being a top global open-source programmable blockchain network, Ethereum offers a variety of use cases that hold significant value for financial organizations, banks, and various industries.
Moreover, the vast potential improves the likelihood of Ethereums entry into the global market. Hence, with its versatility and overall applications, Ethereum is poised to make a lasting impact on the world of digital finance and beyond.
Ending the sideways movement with the rounding bottom breakout, the improving underlying demand in the ETH price trend results in an impressive rally. With a bullish trend in motion, the ETH price trend forms a rising channel pattern in the daily chart. Further, with the improving sentiments in the entire crypto market, Ethereums price sustains above $2000 and signals an entry opportunity for sideline traders.
Moreover, the intraday trading volume is on a recovering trend, supporting the breakout phase leading to a rise in demand. With a remarkable jump of 16.64% in the last eight days, the ETH price approaches the overhead resistance at $2400.
Teasing a breakout trend surpassing $2400, Ethereums price may soon exceed the psychological mark of $2500. Further, the recent overnight jump of almost 6% increases the likelihood of an uptrend.
If the ETH price sustains the bullish momentum, then a bullish trend can cross the $2400 mark. Driving a new breakout rally, the ETH price can reach $2800 by the end of January 2024. Conversely, the downside risk can lead to a sharp downfall and a plunge to $1800.
As the volatile 2023 concludes, the Ethereum market price recovers remarkably, forming an ascending triangle pattern in the weekly chart. Bouncing from the psychological barrier of $1000 in November 2022, the uptrend continues to gain momentum in the Ethereum weekly chart.
Facing constant rejection from the $2100 barrier, the buyers are attempting a bullish breakout fueled by the recent Uptober rally of 2023.
Blazing past the overhead resistance, the ETH price pushes beyond the $2200 barrier. Moreover, the breakout rally signals a longer uptrend and avoids a death cross in the weekly chart. If the buyers manage to cross the Ethereum market value above $2200, the bull run continuation can exponentially increase in 2024. With potential Spot ETF approvals and the Bitcoin Halving effect on altcoins, the price of ETH can reach $3825.
Also Read: Ethereum Price Analysis: With ETH Price Struggling Above $1800, Whats Next? $1600 or $2000?
In like fashion, Ethereum, the second-largest cryptocurrency, is expected to maintain its upward trajectory and form higher highs in 2025. Moreover, with increased adoption and the demand for ETH, the ETH coin price can create a new all-time high of $4925.
However, on the flip side, the ETH coin price can dip to $3,917, with an average ETH price of $4,392.5.
By 2026, the Ethereum coin price is expected to reach a high of $6,610. Conversely, the ETH price might drop to $5,566 with an average of $5,713.
Similarly, the Ethereum 2027 forecast expects the ETH coin price to make a new All-time at $8,705. However, a correction based on market shortcomings may drive the ETH crypto to $6,800, with an average of $7,246.
In 2028, the chances of Ethereum dominating the crypto market rise up as the ETH coin price will potentially reach a new high at $16,140. Conversely, the altcoin might fall to $12,613, making an average of $14,482.
Approaching its all-time high of $21,994.32 in 2029, the Ethereum price is expected to surpass the psychological barrier of $20,000. Conversely, in case of a correction, $ETH may reach a low of $16,192.00, with an average price of $19,010.77.
Lastly, the ETH crypto price is projected to reach a new all-time high of $26,575.21 in 2030. Conversely, with a potential low of $20,647.23 and an average price of $23,563.01.
Factors like the successful change to PoS and the upcoming Danksharding upgrade will incline stars in favor of the protocol. If the Ethereum network manages to scale remarkably with the upcoming upgrades and ace the adoption race, then the ETH crypto price will skyrocket.
Potentially, the Ethereum (ETH) coin price will reach a new swing high of $3582 before the end of 2024. Conversely, increasing FUD amongst investors and a lack of updates could curb the value of 1 ETH at $2160.
*The aforementioned targets are the average targets set by the respective firms.
In a recent report by VanEck, a renowned investment management firm, paints an optimistic future for Ethereum. Generally, the report outlines three potential scenarios for Ethereums market price by 2030: a bullish scenario, a bearish scenario, and a base scenario.
In case of a bullish outcome, Ethereums market price could skyrocket to a staggering $51,006, a 31-fold increase from its current value. Further, this scenario is fueled by Ethereums potential to provide security as a service and its use as a store of value assets.
On the other hand, the bearish scenario projects a drop to $343, a 5x fall from the current market price. However, the base scenario, which is a neutral one, predicts that Ethereum will reach $11,849 by 2030, a seven-fold rise.
Moreover, the report suggests that by 2030, 5% of financial, banking, and payment transactions will shift to blockchain technology. Meanwhile, 20% of it will be absorbed by the metaverses social and gaming sectors, and 10% will go into infrastructure. Hence, Ethereum is expected to acquire 70% of the market share in the smart contract protocol, further solidifying its position in the crypto world.
Lastly, one of Ethereums most exciting prospects is the expected reduction in gas fees, which will make transactions more affordable and accessible for users.
Deltec Bank, based in the Bahamas, shares Ethereums long-term price prediction that reflects the growing interest in the programmable blockchain network.
Furthermore, Deltec finds the London hard fork and Ethereums switch to proof-of-stake as bullish indicators for the network. Moreover, the US dollar inflation alone could potentially push the Ethereum coin price.
Conversely, Ethereum becoming deflationary post-London Hard Fork creates an intriguing dynamic for the Ethereum coin price against the backdrop of accelerating fiat supply.
Moreover, Deltec identifies eight key factors impacting Ethereums price:
Ethereum is a groundbreaking blockchain framework that enables developers to create and execute smart contracts without intermediaries. In fact, it drives the explosive growth of decentralized finance (DeFi), non-fungible tokens (NFTs), blockchain gaming, and Web 3.0 applications.
Moreover, Ethereum recently completed its jump to a more sustainable Proof-of-Stake consensus mechanism on September 15th, 2023.
Danksharding is the next step in the Ethereum Roadmap. In fact, it is an advanced scaling solution for Ethereum that allows for increased network capacity and storage space for rollups. Hence, this will enable millions of transactions per second.
Additionally, sharding is a crucial feature of Ethereum 2.0, the major upgrade that aims to make Ethereum more energy efficient, faster, and cheaper.
In another case, the implementation of Danksharding will be a multi-year process. However, a precursor called Proto-Danksharding, specified in EIP-4844, is already in a mature stage with prototypes. Moreover, with its testing underway, some experts predict Ethereum could have sharding capabilities in 2024-25. Meanwhile, the possibility of an early release is notable.
Ethereum 2.0 is an updated version of the existing Ethereum blockchain, which aims to increase the efficiency, scalability, and speed of the Ethereum network.
This upgrade allows Beacon Chain staked ether (stETH) withdrawals.
Gas is the small type of work processed on the Ethereum network. Gas measures the amount of work to be done by miners in order to include transactions in the Block.
The price of ETH might surge to a maximum of $3825 by the end of 2024.
Ethereum Shanghai Upgrade scheduled for the first half of 2023.
According to our Ethereum price prediction. The largest altcoins price could propel to a maximum of $4616.77 by the end of 2025. ETH is expected to cross the $26,000 mark by 2030.
With its dominance in DeFis, NFTs, and widespread prominence, Ethereum will continue to hold the crown of the largest altcoin. With the merger with ETH 2.0, Ethereums hold would further grow stronger.
Yes, the Ethereum network will eventually welcome more projects to be built on its chain, following its merger. It will also receive many improvements that will fundamentally strengthen the chain.
During the time of publishing, the price of 1 ETH was $1,528.21.
Considering you invested in Ethereum in January 2020, the value of your ETH crypto investment has increased by 1300%. In short, the $100 would be worth $1400 now.
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Ethereum Price Prediction 2024, 2025: Will ETH Price Cross The $3,000 This Year? - Coinpedia Fintech News
Richmond man charged in $10 million cryptocurrency home invasion theft – Vancouver Sun
Police in Richmond say several charges have been laid against a 34-year-old man allegedly involved in a September 2022 home invasion where thieves made off with $10 million in cryptocurrency.
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Richmond RCMP say the lengthy and complex investigation began after thieves impersonating police officers broke into a home and tied up a middle-aged couple, assaulting them and confining them for hours.
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Mounties say the armed suspects made off with $10 million in unspecified cryptocurrency and luxury goods, leaving the badly shaken up victims with non-life-threatening injuries.
Chief Supt. Dave Chauhan with Richmond RCMP says the investigators from the forces Serious Crimes Unit and Economic Crime Unit worked on the case for more than a year, leading to the arrest of one suspect, who faces many very serious charges.
Mounties say the BC Prosecution Service approved 11 charges against Jin Da Xing, a 34-year-old Richmond resident, including break and enter, robbery with a weapon, unlawful confinement, assault with a weapon, use of an imitation firearm, extortion, possession of stolen property and impersonating a peace officer.
Police say Xing is in custody and awaiting trial, and his next court appearance is set for Dec. 6 in Richmond provincial court.
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Richmond man charged in $10 million cryptocurrency home invasion theft - Vancouver Sun
DOJ Seizes Nearly $9M Worth of Cryptocurrency Tied to Scammers – MarketWatch
Published: Nov. 21, 2023 at 9:58 a.m. ET
By Denny Jacob
The Department of Justice seized nearly $9 million in cryptocurrency that was traced back to addresses allegedly associated with an organization of scammers.
DOJ said the seized funds were traced to cryptocurrency addresses allegedly associated with an organization that exploited over 70 victims through romance scams and cryptocurrency...
By Denny Jacob
The Department of Justice seized nearly $9 million in cryptocurrency that was traced back to addresses allegedly associated with an organization of scammers.
DOJ said the seized funds were traced to cryptocurrency addresses allegedly associated with an organization that exploited over 70 victims through romance scams and cryptocurrency confidence scams. The seizure consisted of $9 million worth of Tether, a cryptocurrency pegged to the U.S. dollar.
The criminal actors worked together to target victims and convince them to make cryptocurrency deposits by fraudulently representing that the victims were making investments with trusted firms and cryptocurrency exchanges, the Justice Department said, citing court documents. The purported firms and cryptocurrency exchanges were nonexistent trading platforms in reality, it added.
"The truth is that these international criminal actors are simply stealing cryptocurrency and leaving victims with nothing," said Acting Assistant Attorney General Nicole M. Argentieri of the Justice Department's Criminal Division.
Write to Denny Jacob at denny.jacob@wsj.com
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DOJ Seizes Nearly $9M Worth of Cryptocurrency Tied to Scammers - MarketWatch
United States Files Forfeiture Action to Recover Cryptocurrency … – Department of Justice
BOSTON The United States Attorneys Office filed a civil forfeiture action to recover cryptocurrency alleged to be proceeds of a pig-butchering fraud scheme targeting Massachusetts residents and involved in money laundering. Specifically, the government seeks to forfeit 204,315.87 Tether (USDT) and 18.9649 bitcoin (BTC) seized from two accounts located at Binance.com, a cryptocurrency exchange and custodian. Collectively, this cryptocurrency has a current estimated value of approximately $900,000.
In September 2022, an investigation began into a pig-butchering scheme targeting a Massachusetts resident. In a pig-butchering scheme, scammers obtain funds from victims using manipulative tactics. The scammer establishes a level of trust with a victim in online communications and then entices the victim into investing in a fraudulent cryptocurrency scheme. Often the victim is enticed to make additional payments before realizing they are a victim of fraud.
As alleged in court documents, after targeting a Massachusetts victim and fostering an online relationship, scammers claiming to have access to profitable investment opportunities, induced the victim to invest personal funds into a fake cryptocurrency investment platform. During the investigation additional victims of the pig-butchering scheme were identified. Law enforcement traced cryptocurrency involved in the fraud and money laundering schemes to two Binance accounts, where it was seized.
It is a violation of federal law to use wire communications as part of a scheme to defraud or to obtain money or property by means of false or fraudulent pretenses. It is also a violation of federal law to conduct, or attempt to conduct, a financial transaction involving property which is known to represent the proceeds of some form of unlawful activity, knowing that such transaction is designed to conceal or disguise the nature, location, source, ownership, or control of those proceeds of unlawful activity. The complaint alleges that the cryptocurrency is traceable to proceeds of wire fraud and was involved in money laundering. A civil forfeiture action allows third parties to assert claims to property, which must be resolved before the property can be forfeited to the United States and returned to victims.
This is one of several civil forfeiture actions the U.S. Attorneys Office has filed seeking to forfeit cryptocurrency traced to fraud schemes targeting Massachusetts victims.
Members of the public who believe they are victims of a cybercrime including cryptocurrency scams, romance scams, investment scams and pig-butchering fraud scams should contact USAMA.CyberTip@usdoj.gov.
Acting United States Attorney Joshua S. Levy and Andrew Murphy, Special Agent in Charge of the United States Secret Service, Boston Field Office made the announcement today. The civil forfeiture action is being prosecuted by Assistant U.S. Attorney Raquelle L. Kaye of the Asset Recovery Unit.
The details contained in the civil forfeiture complaint are allegations. The United States Attorneys Office has not filed a corresponding criminal action on the matter.
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United States Files Forfeiture Action to Recover Cryptocurrency ... - Department of Justice