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The Bitcoin price remains unchanged over the last 24 hours, rising a mere 0.8% to trade at $34,370 as of 2:00 a.m. EST.  The rally witnessed in the BTC price since Oct.13 appears to be fizzling out as the big crypto token turns down on the daily timeframe. Bitcoin, however, remains bullish in the medium to long term. It is up 23% over the last 30 days and 17% over the last three months. The flagship cryptocurrency is also up 18% over the last six months and remains bullish in 2023 as its year-to-date (YTD) gains stand at a whopping 108%. As BTC continues to maintain its stability, analysts project a positive outcome for the cryptocurrency going into 2024. Jan van Eck, CEO of giant asset management firm VanEck, says that conditions are becoming extremely favorable for the cryptocurrency industry as 2024 draws near. Speaking in a new interview on the Empire podcast , he says that Bitcoin has now been established as the main alternative to gold as a store of value. With the Fed c...

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A congressman likened Securities and Exchanges Commission (SEC) Chair Gary Gensler to infamous figure skater Tonya Harding for ”kneecapping” the crypto industry with a blizzard of regulation and lawsuits and another said he he should be fired. The comments came as Gensler appeared before the House Financial Services Committee yesterday. Rep Andy Barr likened him to Harding, who paid an attacker to assault main rival Nancy Kerrigan in 1994  to prevent her competing in the Winter Olympics, while Rep. Warren Davidson accused him of abusing his power and said he should be dismissed. “If the U.S. capital markets are a gold medalist, you are the Tonya Harding of securities regulation because you are kneecapping the U.S. capital markets with the avalanche of red tape coming out of your commission,” Barr said. Mr. Barr to Gensler: “If the US capital markets are a gold medalist, you are the Tonya Harding of securities regulation because you are kneecapping...

The CEO of the CoinFLEX cryptocurrency exchange, Mark Lamb, has released a post on his Twitter account accusing Roger Ver, also known as “Bitcoin Jesus,” of defaulting on a $47 million USDC margin call. CoinFLEX accuses “Bitcoin Jesus” of loan default The statement released by Lamb said that the accusations that the exchange was facing a tough economic period were wrong. The exchange argued that its treasury had been affected by the debt accrued by Ver. Lamb said that the exchange was looking into new ways of raising money and restoring the halted withdrawal function. CoinFLEX had apparently signed a special contract with Ver preventing the exchange from liquidating his position. Buy Bitcoin Now Your capital is at risk. “Roger Ver owes CoinFLEX $47 Million USDC. We have a written contract with him obligating him to personally guarantee any negative equity on his CoinFLEX account and top-up margin regularly . He has been in default of this agree...

The number of unlicensed crypto firms in the United Kingdom has continued to grow despite the role taken by the Financial Conduct Authority (FCA) to regulate the crypto sector. The FCA has licensed multiple crypto companies, the latest being Crypto.com. FCA says it has a limited role in crypto regulations The FCA has admitted that it does not have full oversight over the entire cryptocurrency sector. It further admitted that it lacks consumer protection powers to protect the rising number of investors in the sector. The FCA also said it had limited authority to register UK-based cryptocurrency exchanges under anti-money laundering (AML) regulations. It also explained that the temporary registration regime (TRR) was introduced to allow cryptocurrency companies trying to register to receive temporary trading permissions. Buy Crypto Now Your capital is at risk. Under the TRR, crypto firms could apply to register with the agency while continuing with their operations. Howev...

Dogecoin trended downwards after it stroke a resistance level near $0.08540. The downtrend abated when price action reached what seems to be another strong support around $0.06780. However, this support is still holding, but it looks as if buyers lack the power to take the DOGE/USD value up. Let’s consider the signs in this market critically . DOGE Analysis Statistics Data : DOGE Price Now: $0.06790 DOGE Market Cap: $8.97 billion DOGE Circulating Supply: 132.7 billion DOGE Overall Supply: 132.7 billion DOGE Coinmarketcap Ranking: #10 Important Marks: Top: $0.06797, $0.06840, $0.06890 Floor: $0.06790, $0.06750, $0.06710   Dogecoin Is not Ready for an Upside gain, the Basis for Tamadoge is Bullish Looking at the DOGE/USD daily chart portrays the buyers as too weak to initiate an Uptrend. Even after the Stochastic Indicator curves have gotten to the oversold area, and have crossed each other, still price action seems unready to bounce upwards. Also, the EMA...

Join Our Telegram channel to stay up to date on breaking news coverage Major cryptocurrency trading platform Coinbase is interested in forming a partnership with MakerDAO, the most prominent decentralized lending platform. Coinbase has made an offer to pay MakerDAO 1.5% interest on its USDC assets if Maker transfers those holdings to Prime, which is Coinbase’s institutional-grade investing platform. Coinbase Institutional stated in a proposal titled “MIPXX Coinbase USDC Institutional Rewards” published on MakerDAO’s online forum that the offer will address MakerDAO’s issue of having too much exposure to the dollar-pegged stablecoin for which it receives no incentive. More specifically, if the Maker Improvement Proposal (MIP) is approved, it will bring MakerDAO onto Prime as an institutional investor . It will also make it possible for 1.6 billion dollars, of the Ethereum-based cryptocurrency lender’s USDC holdings to be transferred to MakerD...

Join Our Telegram channel to stay up to date on breaking news coverage Ethereum fell below a crucial support level of $1,400 to the $1,340 level. However, going by indicators signs, it is likely that Ethereum price will rebound upwards soon. Ethereum Analysis Statistics Data : Ethereum value now: $1340 ETH’s market cap: $162.60 billion ETH’s moving supply: 122.4 million The overall supply of Ethereum: 122.4 million Ethereum’s Coinmarketcap ranking: #2 As a result, it is important to critically study this market for the sake of coming up with profitable trading decisions. We shall also look into the ETH/BTC market to determine useful decisions for traders who are trading in this market. Major Price Marks: Top Levels: $1340, $1400, $1450 Base Levels: $1300, $1260, $1200 Ethereum Falls Lower but May Soon Reverse Trend, Invest in Tamadoge Today Not too long after the Ethereum merge, the ETH/USD  price action broke a key support level to the downsi...

While there are lots of beliefs that you need to have a huge, expensive setup to mine Bitcoin at home, that’s not entirely true.  While the odds are pretty slim to make money mining bitcoin as a small at-home miner, it provides an excellent way to learn more about bitcoin, and you never know, you could still end up finding a block and receiving that 6.25 BTC block reward.  In this guide, you will learn what Bitcoin mining is, how it works. and how you can mine at home. What is Bitcoin Mining?  Bitcoin mining is the process through which Bitcoin transactions are processed, new blocks are added to the Bitcoin blockchain, and new units of Bitcoin are introduced into circulation.  Mining is a technical process that involves the use of computational power – commonly referred to as hash power – via specialized mining hardware to solve complex calculations. Bitcoin miners contribute extensive hash power and compete against each other t...

Disclaimer: The Industry Talk section Features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com . Calvaria is poised to be the future of blockchain gaming. The platform’s native token, RIA, is in its final presale stage and has raised over $2.52 million.  With only 18% of tokens left to be purchased, investors need to move fast. The Future of Gaming   The blockchain gaming space is currently buzzing over Calvaria: Duels of Eternity – a new gaming platform that combines non-fungible tokens (NFTs) and the metaverse into the ultimate gameplay experience.  Players are transported to a metaverse with an afterlife theme where they can purchase trading cards as NFTs. These cards represent different characters in the game, each with its traits and characteristics.  The game’s objective is for players to build a trading card deck and battle others for supremacy. Players can combine dif...

Nerve Network integrates with Ethereum Classic. Nerve Network will provide cross-chain support for the projects on the Ethereum Classic blockchain to interact with other blockchains. And the Nerve team, are committed to bringing more blockchain projects on Ethereum Classic in the future. The platform added the Ethereum Classic cross-chain module to the Nerve Network. The Nerve decentralized cross-chain smart contract is deployed in Ethereum Classic. They also have supported the following dApp for the Ethereum Classic ecosystem, which are: NerveBridge, NerveSwap, and NerveFarm. Nerve Network aims to connect all isolated blockchains and establish a cross-chain asset exchange network. Provides all necessary underlying support for the DeFi ecosystem. Let every digital asset holder experience a truly safe, free, and transparent DeFi service. Ethereum Classic is a Hard Fork of Ethereum. A type of Hard Fork that Ethereum Classic will never implement is like The DAO Fork, which does not addres...

Join Our Telegram channel to stay up to date on breaking news coverage Cathie’s Wood’s Ark Invest said attempts by the US to “ wound bitcoin ” will hurt the country’s long-term strategic interests. The US should embrace Bitcoin, not try to control it, tweeted Brett Winton, the firm’s chief futurist, in an Aug. 5 post on social media platform X. The futurist said regulatory crackdowns on Bitcoin and other cryptocurrencies are like trying to get rid of language translation technology.   “Trying to kill bitcoin because it threatens the supremacy of the U.S. dollar system is like trying to kill language translation technology because it threatens the supremacy of English,” he said. both technologies, at more frictionless adoption, tend to steepen the power law advantage that the English/dollar system already enjoys everything else becomes commoditized/intechangeable the US attempts to wound bitcoin come at the expense o...