LBANK INFO CRYPTOCURRENCY

Taproot Assets is “how we bitcoinize the dollar and the world’s financial assets,” says Ryan Gentry, director of business development at Lightning Labs. from Cointelegraph.com News https://ift.tt/5vQsoFx via IFTTT

Bitcoin is now above a certain historical on-chain metric, and if the asset can continue to hold here, a bullish trend might follow. Bitcoin Is Now Above The “Warm Supply” Realized Price As explained by an analyst in a post on X, BTC is now trading above the warm supply realized price. The “ realized price ” refers to the cost basis or buying price of the average investor in the Bitcoin market. When the cryptocurrency’s spot price is trading above this metric, it means that the holders are in a state of profit right now. On the other hand, the asset being under the indicator suggests the dominance of loss in the market. In the context of the current discussion, the realized price of only a specific segment of the supply is of interest: the “warm supply.” The on-chain analytics firm Glassnode defines the warm supply as that part of the supply that was last moved on the network between one week and six months ago. The coins moved within the past week are in the “hot supply.” This ...

Google argued in its motion to dismiss the claims that using publicly available information shared on the internet is not “stealing,” as claimed. from Cointelegraph.com News https://ift.tt/a6tl0dx via IFTTT

In a significant development, Binance, the world’s largest cryptocurrency exchange , announced the suspension of access to its platform for new users in the United Kingdom.  According to a Bloomberg report , the move comes after the termination of a partnership with a third-party firm responsible for approving communications on the exchange, as mandated by the UK’s financial watchdog . UK Users Blocked Effective from 5 p.m. London time on Monday, October 16, individuals in the UK who have not yet registered with Binance will no longer be able to create new accounts, according to an official blog post by the exchange.  This decision makes the exchange challenging  as it seeks to regain access to one of the most significant cryptocurrency markets outside of the United States. The regulatory changes that prompted this move stem from expanding the UK’s financial promotions regime, which now covers crypto asset service providers regardless of their jurisdiction.  U...

The community was ecstatic when Bitcoin prices spiked to around $30,000 on October 16 following unconfirmed reports that the United States Securities and Exchange Commission (SEC) had approved the country’s first spot Bitcoin Exchange-Traded Fund (ETF). When the moment of fear of missing out (FOMO) had subsided, and alleged reports of the stringent agency approving the complex derivative turned out to be fake, prices swung wildly, almost wiping out gains made. As a result, over $74 million derivatives positions from across multiple crypto exchanges, mostly OKX, Binance, and Bybit, had been forcibly closed in liquidation. Over $74 Million Of Bitcoin Positions Liquidated At the time of writing, Bitcoin is trading at around $28,200, almost $2,000 down from October 16 highs, highlighting the level of volatility, especially in the BTC markets. Following the rally and sharp retracement, data from Coinalyze shows  that $56.6 million short positions were liquidated. At the same time, $...

XRP price predictions have not slowed down and one crypto analyst in particular has continued to double down on their forecast that the digital asset could be gearing up for a massive rally. This analysis was done alongside another cryptocurrency, Stellar Lumens (XLM), both of which analyst @CryptoBilbuwoo believe are set to break previous all-time high records. A Two-Part Forecast For XRP And XLM The crypto analyst’s forecasts go as far back as January 2023, which, if anything, shows a high level of conviction in the price prediction. In the latest iteration of quoting their previous forecast on the X (formerly Twitter) platform, CryptoBilbuwoo has once again presented bull cases for both XRP and XLM. In the forecast, the crypto analyst points to a golden cross in the charts of both of these digital assets. This golden cross has often been bullish for cryptocurrencies but the analyst expects a massive run once it gets underway. #xrp #xlm #Ripple #GOLD #Liquidity LUMEN ...

Lawyers for the FTX founder have asked if he can take long-release ADHD medication as he’s been unable to properly concentrate during his trial. from Cointelegraph.com News https://ift.tt/gJyGnmS via IFTTT