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Dec 31, 2023 at 08:56 // Price Author Coin Idol Quant (QNT) is in an upward correction and is trending sideways. Cryptocurrency price Analysis by Coinidol.com. Quant long term price prediction: in the range  The cryptocurrency is on its way back to its high price of $365. The uptrend is currently halted around the high of $150. On December 26, the altcoin reached a high of $153 before falling back again.  On the plus side, the market will rise to a high of $184 if the current resistance is overcome. Looking back, the $150 resistance level has been unbroken s

US prosecutors deem the second trial unlikely for FTX’s ex-CEO Sam Bankman-Fried. Lack of new evidence cited; the initial trial covered major aspects of the case. The guilty verdict stands; sentencing is set for March 28, 2024, as scheduled. United States prosecutors have signalled that there may not be a second trial for Sam Bankman-Fried (SBF), former CEO of the defunct cryptocurrency exchange FTX . This development comes as stakeholders seek swift resolution, emphasizing the public interest and the anticipation of compensation details for FTX account victims. With the first trial concluding with Bankman-Fried found guilty on seven fraud charges, the focus is now on the sentencing set for March 28, 2024. No second trial for Sam Bankman-Fried Recent reports indicate that United States prosecutors are unlikely to pursue a second trial against Sam Bankman-Fried, the former CEO of FTX. The prosecutors emphasize that there is insufficient new evidence to

After weathering an icy crypto winter in the previous year, Bitcoin (BTC) has orchestrated a remarkable comeback in 2023.  Fueled by easing macroeconomic pressures and improved market conditions, Bitcoin’s value has nearly tripled since the year’s start amid a reignited investor interest in the world’s largest cryptocurrency.  However, the spotlight remains on the highly anticipated approval of the inaugural spot exchange-traded fund (ETF) in the US, seen as a pivotal catalyst propelling BTC’s resurgence. Additionally, the imminent 2024 halving event adds another layer of anticipation, historically associated with significant price surges in Bitcoin.  In this context, Finbold had a chat with the artificial intelligence (AI) bot ChatGPT on December 29, seeking its insights into the predicted trajectory of Bitcoin’s price in 2024 and the key factors that could make a significant impact. What did ChatGPT say? Cryptocurrency Russian crypto miner kidnapped for 15 millio

Polygon’s native token, MATIC, has recently experienced a surge in positive market momentum, evident in both its daily and weekly charts turning green. According to data from CoinMarketCap, MATIC’s value has surged by more than 18% within the last 24 hours, signaling strong performance in the market. This article delves into Polygon MATIC’s current market status, and achievements, and explores predictions for its weekend price. Current Market Overview As of the latest update, MATIC is actively traded at $1.02, boasting a market capitalization exceeding $10 billion. The significant surge in value observed over the past 24 hours reflects the optimistic sentiment surrounding Polygon ’s native token. Source Also Read: Polygon (MATIC) Spikes 23%, Reaches $1.07: Can it hit $2 Next? Achievements of Polygon’s zkEVM Sandeep Nailwal, the co-founder of Polygon, recently drew attention to a notable achievement of the zk rollup technology. In a post on X (formerly Twitter), Nailwal h

HKbitEX & Shanghai Tech Exchange partner to propel the Chinese economy through strategic asset tokenization. Pullix’s hybrid exchange model, PLX tokenomics, and unique “Trade-to-Earn” mechanism. The collaboration fosters digital innovation; Pullix reshapes DeFi with innovative features. In a groundbreaking collaboration marking the 20th anniversary of the Shanghai-Hong Kong cooperation, HKbitEX and the Shanghai Technology Exchange are set to revolutionize the digital economy. Their strategic collaboration focuses on asset tokenization solutions, aiming to alleviate financing challenges for innovative companies. Meanwhile, an upcoming revolutionary hybrid Crypto exchange , Pullix, is making waves with its ongoing presale . HKbitEX and Shanghai Tech Exchange partnership On December 28, 2023, the Shanghai Technology Exchange and HKbitEX signed a memorandum of strategic cooperation, propelling the digital transformation and high-quality development of the

A closely followed crypto analyst believes that one Ethereum (ETH) challenger is gearing up for a breakout rally on the way to printing gains of about 200%. Trader Ali Martinez tells his 37,800 followers on the social media platform X that the smart contract platform Fantom (FTM) appears to be forming a large bullish reversal pattern on the weekly chart. According to Martinez, a move above the pattern’s resistance will trigger a rally that can send the altcoin to a level last seen in April 2022. “Fantom appears to form a ‘W’ pattern on its weekly chart. If FTM sustains a weekly close above $0.57, it will confirm this bullish formation and march toward $1.60!”  Source: Ali Martinez/X At time of writing, FTM is trading for $0.532. The trader is also closely following the price action of the iris biometric cryptocurrency project Worldcoin (WLD). According to the analyst, WLD is now trading above the diagonal resistance of a bullish continuation pattern. “World

Avalanche (AVAX) has had a very interesting 2023. It has, for example, made several key partnerships such as those with Amazon’s (NASDAQ: AMZN) AWS – a leading provider of infrastructure for cloud computing – and BLRD – a gaming company seeking to build its first Web3 game with the help of Avalanche. The price of AVAX has also been interesting throughout the year, particularly in the last three months, as it has surged by more than 200%. It also experienced a significant spike in volume at the beginning of the fourth quarter of the year, largely due to the launch of Stars Arena – though this has diminished after the platform was hacked in early October. With all of these developments in mind and the new year in just a few days, Finbold decided to consult the artificial intelligence (AI) of ChatGPT – the flagship platform of OpenAI – on where AVAX might find itself on January 1, 2024. ChatGPT predicts AVAX price on New Year’s Day When making its prediction, ChatGPT took into accou

Multi-chain trading platform Thunder Terminal has suffered a hacker attack, saying a malicious actor gained access to a MongoDB connection. In an X post on Dec. 27, Thunder Terminal acknowledged the breach, stating that the hacker gained access to a MongoDB connection URL. This access allowed the intruder to retrieve session tokens and execute withdrawals on behalf of users. The attack concluded at 12:20 AM UTC, Dec 27, after all session tokens and transaction signing access were revoked for security reasons, Thunder Terminal said. Incident Report At 12:11:47 AM UTC, suspicious withdrawals started getting sent through Thunder wallets. A malicious actor got access to a MongoDB connection URL which they used to pull session tokens and execute withdrawals on behalf of users. At 12:20:35 AM UTC, the last… — Thunder (@ThunderTerminal) December 27, 2023 While Thunder Terminal assured users that no private keys or wallets were compromised, the team admitted that “less than 1% of wall

The changes to Grayscale’s board were disclosed weeks before experts expect a spot Bitcoin ETF decision from the SEC.  According to a filing with the U.S. Securities and Exchange Commission (SEC), Barry Silbert has resigned as Grayscale chairman. Silbert is joined by Mark Murphy, another company executive who stepped down from the board effective Jan. 1. Three new members replace Silbert and Murphy. Mark Shifke will succeed Silbert as the board ’s new chairman following his role as chief financial officer at Digital Currency Group (DCG), Grayscale’s parent company. Matthew Kummel, DCG’s senior vice president of operations, also joins the board with Grayscale CFO Edward McGee. McGee will reportedly combine board duties with responsibilities at the digital asset management firm.  Shifke, Kummell, McGee, and CEO Michael Sonnenshein now make up the board at Grayscale. The reasons for these resignations and appointments were not specified in the Dec. 26 SEC filing, although DCG fa

Crypto sleuth ZachXBT warned in a Telegram channel that Across Protocol’s documentation was linked to a fake Discord server . In a Telegram post on Dec. 26, crypto sleuth ZachXBT raised concerns about a potential security breach related to Across Protocol’s documentation. The warning highlighted a link within the protocol’s documentation leading users to a fake Discord server , suggesting the protocol’s vanity invite address might have been compromised. The incident reportedly led to a loss of $880,000 worth of crypto tied to one unknown blockchain entity. another victim lost $880k worth of aEthWBTC to phishing scams about 11 minutes ago. https://t.co/yMM9OSzRDI https://t.co/6n6m0lZQK4 pic.twitter.com/jsrEGTaVJ8 — Scam Sniffer | Web3 Anti-Scam (@realScamSniffer) December 26, 2023 You might also like: CertiK’s Discord link briefly redirected to fake server with malware, reports say A blockchain forensic firm, Scam Sniffer, disclosed in an X post that a victim suffered a

KyberSwap has reduced its workforce by 50% in response to challenges triggered by the Elastic exploit. In an X post on Dec. 25, KyberSwap CEO and co-founder, Victor Tran, announced that the project reduced its workforce by 50% due to the Elastic exploit , which resulted in a loss of more than $54 million of users’ funds. In the past month, KyberSwap has faced unprecedented challenges due to the Elastic exploit . Despite this, I am grateful to say that our core business, including the Aggregator and Limit Order functions, remains robust. Moreover, we will soon be launching our Zap API, an… — Victor Tran (@vutran54) December 25, 2023 Despite implementing the Treasury Grant Program, designed to cover up to 100% of users’ losses, KyberSwap found it necessary to make “significant changes” in its business operations to ensure a sustainable path forward. “Regrettably, we have also reduced our workforce by 50%. The past few days have been among the most challenging in my journey as a

The cryptocurrency community is bullish as the SEC’s approval of a spot Bitcoin ETF seems likely in 2024. Financial behemoths, including BlackRock through iShares, Fidelity, and Ark Invest, are in the race to launch the first ETFs. In the latter half of 2023, the market witnessed multiple price surges in Bitcoin (BTC) following rumors about the imminent approval of a spot Bitcoin ETF, which were subsequently debunked. This pattern has bred anxiety among investors, with fears of a classic “buy the rumor, sell the news event.” On the other hand, CrediBULL Crypto , a cryptocurrency commentator on X (formerly Twitter), predicted a different market response. He stated that both the anticipation and the actual approval would result in purchasing enthusiasm, labeling it a “buy the rumor , buy the news event .” Supporting this bullish outlook, another user argued against the likelihood of a sell-off post-approval, pointing out that ETFs must purchase Bitcoin with cash and cannot repurpo

The eagerly awaited moment has arrived for Dogecoin (DOGE) enthusiasts. The meme coin is poised to embark on a literal journey to the moon. Astrobotic, based in Pittsburgh, is gearing up to send a tangible Dogecoin to the moon. This marks a historic event that has garnered widespread attention in the crypto community. As this lunar expedition unfolds, industry analysts are also forecasting potential price fluctuations for DOGE over the upcoming weekend. Dogecoin’s Lunar Mission The much-anticipated “ Dogecoin on the Moon” date is finally here. Astrobotic, in collaboration with DHL Moonbox and ULA’s Vulcan Centaur Rocket, is scheduled to launch a physical Dogecoin to the moon in just over 24 hours. The announcement of this celestial journey on Nov. 16 triggered an almost 20% surge in DOGE’s price, underscoring the substantial impact of real-world events on the cryptocurrency market. As of the latest update, DOGE is exchanging hands at $0.09295, indicating a 1.46% increase. Over t

The Financial Services Regulatory Authority (FSRA) in the UAE updates Anti-Money Laundering (AML) and Sanctions Rules. The AML Rulebook aims to strengthen measures against money laundering, terrorism financing, and proliferation financing. Notable adjustments emphasize adherence to the FATF’s ‘Travel Rule’ for virtual assets. The Financial Services Regulatory Authority (FSRA) in the United Arab Emirates has issued updates to its Anti-Money Laundering (AML) and Sanctions Rules and Guidance, referred to as the AML Rulebook. The updated AML Rulebook will help strengthen regulatory measures against money laundering, terrorism financing, and proliferation financing. These modifications will build upon the existing guidelines of the UAE. One notable adjustment involves refining provisions related to wire transfers, explicitly emphasizing adherence to the Financial Action Task Force’s (FATF) ‘Travel Rule’ concerning virtual assets. The revisions outlined in

A widely followed crypto analyst says that the total crypto market cap is on its way up, even if a few hurdles still stand in its way. Crypto trader Michaël van de Poppe tells his 677,900 followers on the social media platform X that crypto’s market cap is facing an obstacle similar to what top crypto by market cap Bitcoin (BTC) saw at $38,000. “The total market capitalization for crypto faces the same hurdle as Bitcoin did at $38,000. Breaking above $1.6 trillion is breaking back in the area prior to the Luna Crash. This would mean targets are $1.85 trillion and $2.2 trillion, which are inevitable.  Upwards trend is clear.” Source: Michaël van de Poppe/X Before diving into BTC, Van de Poppe shares what he’s learned from trading crypto in recent times, offering some advice on how to take lessons learned in the market and apply them moving forward. “What I’ve learned over the period in crypto  You can fail with your investments, but it doesn’t mean you’re a

Crypto derivatives volume surged, leaving some unbalances behind, which could trigger liquidation events. On that, some crypto currencies have seen increased short positions that, if liquidated, would cause a short squeeze . In the meantime, the cryptocurrency market’s total capitalization has reached a 10-day high of $1.614 trillion, up 1.5% on the day. If the crypto total market cap breaks this month’s highs, high-shorted coins will likely experience short squeezes. CRYPTOCAP: Total market cap (4h chart). Source: TradingView Finbold then retrieved open interest data in the last 12 and 24 hours from CoinGlass’s long/short ratio dashboard. In particular, we spotted Dogecoin (DOGE) and dYdX (DYDX) as two crypto currencies with increased short over the long positions. Short squeeze alert for Dogecoin (DOGE) As for DOGE, the leading memecoin is trading at $0.0926 by press time, up 2.2% in the last 24 hours. Notably, Dogecoin has $514.56 million in the 24-hour opened short positions

Dogecoin has gained significant popularity as a meme coin, serving as an inspiration for a multitude of other animal-themed cryptocurrencies. These meme coins, as their name implies, were initially created as a lighthearted joke. However, they have experienced a remarkable surge in popularity in recent times. In an attempt to participate in the meme coin frenzy, many users have shown interest in joining this growing trend. Dogecoin played a pivotal role in initiating the meme coin craze and subsequently inspired the development of various coins that aim to emulate its success. With numerous users getting their hands on Dogecoin, a question arises about how high DOGE can go in November. With the whole market trading in red, here is our price prediction for December end 2023. Also read: SHIB Forms Large Red Death Candle; Will SHIB Add Another Zero? Dogecoin Price Prediction for December end 2023 Various factors, such as market conditions, price action, developments, supply,

Grand Cayman, Cayman Islands, December 20th, 2023, Chainwire Solend’s expansion is set to compound Sui’s remarkable DeFi momentum, which has seen TVL grow by over 500% since September. Solend, the top lending and borrowing protocol on Solana, today announced its impending launch on the Sui blockchain, which was created by a team of technology leaders that emerged from Facebook’s blockchain initiative. This new integration marks Solend’s first deployment on a blockchain other than Solana and underscores the team’s confidence in the strength of Sui’s technology and the Sui network’s potential as a long-term partner. As the largest lending and borrowing product on Solana, Solend boasts over $140 million in total value locked (TVL) across over 170,000 users and supports over 70 assets. Solend also currently has over 20 developer integrations, making it one of Solana’s most prominent platforms for DeFi development. Expansion to Sui will introduce Solend’s robust De