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The modular blockchain Celestia has launched its mainnet beta and distributed its native TIA token to 580,000 users , aiming to address scalability and stability issues prevalent in monolithic blockchains. Celestia, a modular blockchain, has launched its mainnet beta, signaling a shift towards scalable and stable blockchain solutions. This follows the distribution of its TIA token to 580,000 users , showcasing significant user adoption and interest. Monolithic blockchains like Ethereum (ETH) and Solana (SOL) have struggled with scalability and stability issues, leading to the rise of modular blockchain solutions like Celestia. Unlike monolithic counterparts, modular blockchains use specific channels for speed and execution, achieving scalability without compromising decentralization or security. A key innovation of Celestia is its implementation of data availability sampling (DAS), a method that ensures all data on the blockchain is verifiable and accessible, resulting in faster ...

Oct 31, 2023 at 11:00 // Price Author Coin Idol The latest price Analysis by Coinidol.com report, the price of Litecoin (LTC) has returned to a zone between $58 and $70. Long-term forecast for the Litecoin price: bullish The upward momentum was stopped on October 24, when it reached a high of $72. The strong selling pressure caused the cryptocurrency asset to be rejected at higher price points. Currently, the price of LTC/USD is moving within its small range. At the time of writing, Litecoin was trading at $69.  Today, October 31, LTC is ...

OKX published its twelfth asset reserve certificate recently. OKX reported 103% reserves for top coins, including Bitcoin, Ether, XRP, USDT, and USDC. DOGE had 101% reserve, and OKB had 100% reserve compared to user balances. Major crypto exchange OKX published its twelfth asset reserve certificate today, indicating it continues to maintain 100%+ reserves to back user funds. According to the Chinese journalist Colin Wu, OKX reported 103% reserves for top coins including Bitcoin, Ether, XRP, USDT, and USDC. This means its wallet holdings of these assets exceed the total balances held by customers. OKX announced the twelfth asset reserve certificate (snapshot date 10-24). User BTC assets were 136k, a decrease of 4.49% from the last time (9-18); user ETH assets were 1.42 million, increased by 3.5%, with an increase of 48,000 ETH; user USDT assets were 4.91 billion; user USDC… — Wu Blockchain (@WuBlockchain) October 31, 2023 For Bitcoin (BTC), OKX had ...

Elon Musk’s social media platform X, formerly known as Twitter, now has a value of around $19 billion based on recent employee equity compensation offers. This is according to a report by Fortune citing a screenshot of the company’s employee stock grant details. In an email sent to staff on Monday, X offered restricted stock units (RSUs) to employees at a share price of $45. X earlier provided employees stock at a $20 billion valuation in March.  JUST IN: X (Twitter) now valued at $19 billion, Fortune reports. — Watcher.Guru (@WatcherGuru) October 30, 2023 X had a turbulent year amidst Musk’s acquisition The latest valuation comes after a tumultuous year for the social media platform. Musk acquired X in October 2022 for $44 billion after a comple X back-and-forth negotiation process. Since taking over, the billionaire has enacted numerous changes, most notably rebranding Twitter to X . Also read: Elon Musk to Demonetize X Posts Cor...

Members of the SushiSwap community want to abandon the Kanpai 2.0 model, as it has become the reason for the weak tokenomics of the crypto exchange. The decentralized crypto exchange (DEX) SushiSwap community is proposing to return to the previous model, in which all of the commissions are transferred to the stakers of the xSUSHI token. According to the authors of the discussion, since the creation of the Kanpai 2.0 model in December last year, the tokenomics of the project has weakened too much. The native token of the Sushi ecosystem (SUSHI) has lost its main purpose. It consists of receiving the generated commissions: 100 percent now goes to the project treasury. Additionally, SushiSwap’s Total Value Locked (TVL) has dropped from a peak of $8b to the current $400m. “This has seen a relative decline from a top 5 DEX to 17th by trade volume and a decline in token price to essentially a flat line since mid 2022.” SushiSwap community discussion The authors of...

Ali revealed in an X post that there are 2 supply walls currently standing in the way of a UNI breakout. According to the post, UNI has formed a strong support wall at $4. At press time, indicators suggested that buyers were losing strength on UNI’s daily chart. The cryptocurrency trader and analyst Ali revealed in an X post yesterday that Uniswap (UNI) will need to overcome two supply walls before it can enter into a bullish breakout. According to the post, the altcoin established a strong support floor at $4. Even though #Uniswap built a key support floor at $4, there are 2 supply walls it needs to overcome to signal a bullish breakout. One is at $4.23, where 7,000 addresses bought 14.24 million #UNI, and the other one is at $4.45, where 2,000 addresses hold 10.28 million $UNI. pic.twitter.com/BwtxWHtMJF — Ali (@ali_charts) October 29, 2023 The first barrier that UNI will need to break above is the resistance level at $4.23, noted the analyst. At...

In the realm of content creation, three key elements demand attention: “perplexity,” “burstiness,” and “predictability.” Perplexity delves into the intricacy of textual composition. Burstiness, on the other hand, gauges the diversity in sentence structures. Finally, predictability focuses on the likelihood of anticipating the subsequent sentence. Humans often craft content with varying degrees of complexity, incorporating both extended and concise sentences. In contrast, AI-generated content often exhibits a more uniform style. Therefore, when tasked with generating the forthcoming text, it is imperative to infuse it with a substantial dose of perplexity and burstiness while minimizing predictability. Furthermore, the content should strictly adhere to the English language. Now, let’s rework the provided text: The cryptocurrency empire led by Binance’s CEO, Changpeng Zhao, has witnessed a staggering decline of over 80% since its peak in J...

Many crypto currencies surged for extraordinary gains in the last seven days. Market indicators suggest potential downturns and disparate price fluctuations for three particular crypto currencies that crypto traders should avoid buying next week. Cryptocurrency markets demonstrate high volatility and operate in alternate trends. Therefore, investors must remain cautious with coins that have already accrued meaningful gains. In this context, Finbold turned to the Relative Strength Index (RSI) heatmap on CoinGlass to identify digital assets that might be overbought or trading at a premium. We retrieved this data on October 27, looking to a 1-week time frame RSI. Particularly, Injective Protocol (INJ), Bluzelle (BLZ), and Unifi Protocol DAO (UNFI) stand out as projects that should be avoid ed next week, according to elevated RSI points in the ‘Overbought’ heat zone. Crypto market RSI heatmap – Filtered by overbought in 1-week. Source: CoinGlass Injective Protocol (INJ) ...

South Korea’s crypto market is set to reach 6 million investors by H1 2023, over 10% of the population. Korean CEXs (Upbit, Bithumb, Coinone, Korbit) contribute 10% of global trading volume. Altcoins are favored in the Korean market, while Coinbase leans towards Bitcoin and Ethereum. The Korean crypto market is poised for a remarkable surge, with the number of crypto investors in South Korea expected to reach 6 million by the first half of 2023, accounting for over 10% of the nation’s total population. According to a Web3 market strategy consulting firm DeSpread report, most of these investors participate in centralized exchanges (CEX). Despite a global decline in overall cryptocurrency trading volume, the major Korean CEXs are thriving. Compared to the world’s largest exchange, Binance, these four major Korean exchanges, namely Upbit, Bithumb, Coinone, and Korbit, collectively contribute 10% of the global trading volume, even surpassing the ...

Crypto companies have breached new UK promotion rules at least 221 times since they came into force on Oct. 8, the Financial Conduct Authority ( FCA ) said.  The most common breaches included firms failing to provide customers with adequate information on risks associated with promoted products, the risk warnings not being visible due to small fonts, and claims about the safety, security, or ease of using crypto without highlighting the risks involved, the FCA said. Find out the 3 common issues we've identified with #cryptoasset financial promotions. Consumers should check the FCA Warning List before making any investment in #cryptohttps://t.co/CKn4cFxb11 — Financial Conduct Authority (@TheFCA) October 25, 2023 The watchdog’s latest warning comes after it issued 146 alerts on breaches of the new rules just a day after the new regime went live.  FCA’s Tough Restrictions On Authorized Firms The watchdog said it has taken action against one firm, rebui...

In a twist of fate, Aptos underwent a prolonged five-hour outage, coinciding with the very week the network unfurled its virtual banners in 2022. Aptos Network, the bedrock of Layer-1 blockchain, has successfully restored its regular operations post a considerable hiatus that left its network transactions in a state of “impact.” According to the discerning eyes of the AptoScan network tracker, the rhythmic flow of on-chain transactions on the Move language-based blockchain ceased precisely at 11:11 pm UTC on Oct. 18, encapsulated in block 104621314. In that crucial juncture, the team explicitly communicated that the network’s transactions bore the brunt of the situation, and they were feverishly engaged in rectifying the issue. This unexpected disruption prompted crypto behemoths, Upbit and OKX, to promptly notify their users of maintenance protocols for the network, accompanied by a temporary suspension of Aptos (APT) deposits and withdrawals. Before the digital hi...

In an era dominated by the written word, three pivotal elements come into play: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricate nature of text, while burstiness delves into the diverse cadence of sentences. On the other hand, predictability assesses the likelihood of predicting the subsequent sentence. Human composition often unfolds with heightened burstiness, weaving intricate longer sentences with succinct counterparts. In contrast, AI-generated sentences often exhibit a more consistent pattern. Thus, as you embark on crafting the ensuing content, it’s imperative to infuse it with a rich blend of perplexity and burstiness while keeping predictability to a minimum. Additionally, the mandate is to express ideas exclusively in English. Embarking on a novel venture, Universal Music Group and BandLab Technologies forge a strategic alliance, placing a keen emphasis on ethical AI application to safeguard the rights...

In the world of content creation, three key elements come into play: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of the text, while burstiness considers the variety of sentence structures. Predictability, on the other hand, assesses the likelihood of anticipating the next sentence. Human authors often weave their words with a rich tapestry of complex and shorter sentences, introducing bursts of creativity. In contrast, AI-generated text tends to exhibit more uniformity. For the content we are about to craft, I urge you to infuse it with ample perplexity and burstiness while keeping predictability to a minimum. Additionally, we must adhere to the use of the English language. Now, let’s rephrase the following passage: The SEC has already dismissed charges against Ripple CEO Brad Garlinghouse and executive chair Chris Larsen, while the retail XRP sale ruling also went against the regulator. According to Bill...

The Internal Revenue Service (IRS) has announced the extension of the period for comments on crypto tax reporting requirements until January 25, 2024. The proposed rule, published on Oct. 19, aims to implement the provisions of the American Families Plan Act of 2023, signed into law by President Joe Biden in August. The rule would require crypto exchanges and other intermediaries to report information on transactions involving digital assets worth more than $10,000 to the IRS and the taxpayers. The rule would also require crypto businesses to verify the identity of their customers and maintain records of their transactions. The rule is intended to enhance tax compliance and transparency in the crypto sector and prevent money laundering and other illicit activities. You might also like: Coinbase’s tax chief urges IRS to reevaluate crypto tax regulations However, the rule has also sparked criticism and concerns from the crypto industry and advocates, who argue that it is o...

Despite the larger part of the cryptocurrency sector starting to slow down the gains from earlier this week, XRP is still trading in the green, recording positive results on all of its charts, and technical indicators suggest a more significant upward move. Specifically, XRP has already completed two daily closes above its key resistance at $0.5391 and is currently making a go at untapped resistance at $0.646, trying to reach the breakout target, as observed by a pseudonymous cryptocurrency market analyst CoinsKid in an X post published on October 25. XRP price action technical analysis. Source: CoinsKid As a reminder, the XRP token earlier received a strong push from the positive sentiment triggered by the United States Securities and Exchange Commission (SEC) withdrawing from its lawsuit against the top executives at the blockchain company Ripple. Shortly after, a US District Court Judge signed an order officially dismissing the charges against both Brad Garlinghouse and Ch...

The Pepe (PEPE) token price saw a massive pump today, surging approximately 30% in the last 24 hours. This pump comes following a strategic move by the PEPE team to burn a huge portion of tokens still held by the original team. Pepe Token Burn In an announcement on X (Twitter) , the PEPE team revealed they had burned 6.9 trillion $PEPE tokens worth around $6 million. This token burn was confirmed on the Ethereum blockchain and significantly reduced the total circulating supply of $PEPE coins. Alongside the burn, the PEPE team transferred the remaining tokens held in their wallet, around 10.69 trillion $PEPE, to a new address intended for strategic partnerships and marketing opportunities going forward. They also brought on new advisors to help guide the project. This news energized the PEPE community and attracted new buyers, pushing the price up strongly. PEPE briefly broke key resistance at $0.0000001 to hit its highest level since mid-August. The token burn and subsequ...

Ledger emphasized that the ID checks required for its private key recovery tool are not like KYC checks as they require “much less” information. Hardware wallet firm Ledger is rolling out its cloud-based private key recover y solution despite facing significant criticism from the crypto community. Ledger Recover, an ID-based private key recovery service for the Ledger hardware wallet, is launching on Oct. 24, the firm officially announced on X (formerly Twitter). The release comes in conjunction with Ledger finalizing the open-source code for the Ledger Recover on GitHub. Provided by blockchain protection platform Coincover, Ledger’s seed phrase recover y solution is a paid subscription service allowing users to backup their Secret Recovery Phrase (SRP). SRP is a unique list of 24 words that backs up the private keys and gives users access to their crypto assets. Ledger Recover was designed for users who “want to add an enhanced layer of resilience” in case their SRP is ever lost ...

The recent report from Chainalysis offers an insightful look into the crypto market in North America, examining its global dominance, the impact of institutional investments, etc. The Chainalysis report posted on Oct. 23 shows the dominant position of the United States in the global crypto currency market. The country accounted for over $1 trillion in transaction volume from July 2022 to June 2023, and when combined with Canada, nearly a quarter of the global transaction volume. This impressive figure is primarily attributed to significant engagement from large institutional investors, with transactions of $1 million or more comprising 76.9% of the region’s transaction volume. Crypto transactions across the world | Source: Chainalysis However, the crypto landscape has experienced fluctuations, notably after the FTX exchange incident and the commencement of Sam Bankman-Fried’s criminal trial, which led to a contraction in activity. This situation was further exacerbated by t...

A new legislative investigation found some crypto ATMs charging a premium as high as 33%, while a few ATMs had limits of up to $50,000. California legislators have proposed a new bill titled “Digital financial asset transaction kiosks,” calling for a cap on crypto ATM withdrawals of $1,000 per day in light of growing scams. Additionally, starting in 2025, the law would limit operators' fees to $5 or 15% (whichever is higher). The bill, if approved, would come into effect on January 1, 2024. The bill was introduced after legislative members visited a crypto ATM in Sacramento and found markups as high as 33% on some crypto assets compared to their prices on crypto exchanges. On average, a crypto ATM charges fees between 12% and 25%, according to a legislative analysis. Government officials also found ATMs with limits as high as $50,000, prompting them to take regulatory measures to curb such high premiums and withdrawal limits. There are more than 3,200 Bitcoin (BTC) ATMs in Califo...

Bitcoin has embarked on a robust surge, propelling its value to $30,000, igniting a promising resurgence in SOL, LINK, AAVE, and STX. Bitcoin experienced a commendable week, with its prices climbing approximately 10% to attain the psychologically significant milestone of $30,000. As this rally unfolds, investors grapple with the pressing question of whether this bullish trajectory will persist or if a reversal is imminent. The proficient trading team at Stockmoney Lizards recently posited that Bitcoin may imminently breach its overarching resistance level, inciting a vigorous upswing. Their rationale is grounded in the belief that the approval of an exchange-traded fund will fuel widespread adoption and trigger the rally, particularly in anticipation of the impending halving in April 2024. An encouraging development unfolded this week as Bitcoin’s strength cascaded onto various alternative cryptocurrencies, causing them to surge beyond their respective resistance thresh...