Altcoin News by Thebittimes.Com

For the finance sector, the progression in technology has become a vital aspect. Indeed, the exploration of digital finance has taken over the market as a whole, bringing about a newfound revolution. Amidst that, and the existence of a plethora of payment options, we delve into a classic form of payment, and where to utilize it. Specifically, we answer if Rite Aid does money orders . Money orders have long been a staple in the United States payment offerings. Although they have fallen out of favor in recent times, they differ greatly from cash or check offerings. Indeed, they provide greater specificity than traditional cash. Moreover, they are more secure than a check, as they are traditionally funded in advance. Rite Aid has remained a tremendously popular convenience store chain in the country, presenting a plethora of retail options to the modern consumer. Currently, there remain more than 2,000 stores in the country. With that many locations, and its brand recognition remaining...

In 2023, the number of crypto currency owners in Canada decreased slightly, but the average holdings increased significantly. According to a report from the Ontario Securities Commission (OSC), 77% of respondents regret investing in crypto assets. While the number of Canadians able to provide a basic definition of cryptocurrency has grown from 51% in 2022 to 54% in 2023, only 34% of them now believe cryptocurrency “will play a key role in the future,” compared to 49% in 2022. However, despite the pessimism, 39% of respondents said their crypto portfolio was profitable compared to the initial investment, which is only slightly lower than in 2022 (46%). And the average value of such a portfolio has risen sharply from $52,975 last year to $82,998 this year. Source: OSC report The negative sentiment of Canadians towards crypto currency was confirmed in the “Digital Canadian Dollar Public Consultation Report.” In addition, public consultations on the Central Bank of Canada’...

ETH may break out of its tight trading range if the coin price hits $2,200. The 50 EMA had crossed over the 200 EMA, suggesting a bullish breakout in the mid to long-term. If ETH fails to flip the $2,042 resistance, the price may drop to $1,994. Crypto analyst Altcoin Sherpa told his 198,900 X followers that the price of Ethereum (ETH) would reach $3,000 in the next few months. Sherpa, who sounded confident of his prediction, referred to ETH’s historical price action. In backing up his point, the analyst noted that the ETH price has not closed above $2,200 in about a year and a half. He added that this altcoin’s inability to hit the said value would be the reason leading to the projected breakout. $ETH: This one is so obvious to me. It's going to go to $3000+ within the next few months and there's nothing you can do about it. No 1W close above this $2200 level in 1.5 years, ofc it's going to break it given the landscape. #Ethereum pic.tw...

IOTA continues strategic expansion with first DLT Foundation in the UAE’ The IOTA Foundation will allocate $100 million to the initiative. IOTA price was rallying after the news, up 50% at the time of writing. IOTA’s strategic expansion has reached another milestone with the registration of the first DLT foundation in the United Arab Emirates (UAE). The IOTA Foundation first announced plans for the foundation in September, highlighting registration with the Abu Dhabi Global as a step that would aid IOTA’s expansion in the Middle East and North Africa (MENA) region. The news came as the IOTA price spiked more than 50% to above $0.26. IOTA Foundation allocates $100 million to initiative Per today’s announcement , an investment of over $100 million has been allocated for the DLT Foundation, with the funding done in IOTA tokens. These will be vested over the next four years as the foundation looks to nurture innovation and adoption of ...

Web3 has been gaining momentum. However, with general understanding remaining low, the burning question becomes—is the adoption of web3 a reality or merely hype? The internet has become ubiquitous in people’s everyday lives, molding their reading choices, shopping preferences, entertainment options, and communication methods.  A Sandvine global internet report from earlier in the year revealed that the average person spends as much as eight hours on online apps. However, there has been growing unease about the access and control of people’s intimate information. Large tech firms have increasingly come under the cosh for their handling and potential misuse of personal data and their substantial influence over the internet due to their market supremacy. Per the Sandvine report, nearly half (48%) of the total internet traffic was directed through titans like Microsoft, Alphabet (Google), Meta (formerly Facebook), Amazon, and Apple, a group commonly referred to by the acronym MAMA...

Solana currently hosts over 200 cryptos, including meme coins like Bonk (BONK), Moonlana (MOLA), and Wall Street Memes (WSM).  Even so, some investors believe Ethereum’s ecosystem is more dependable and vibrant. The pioneer project provides a space for many crypto projects—including meme coins . One of them is Galaxy Fox (GFOX).  This article looks at Galaxy Fox and how it compares with Solana-based meme coins. Introducing Galaxy Fox Memes have become a driving force on the internet, and their influence has also extended to the crypto market.  Meme coins have gained popular ity due to their playful nature and accessibility in the often complex and technical crypto landscape.  However, for beginners, most meme coins carry inherent risks due to their reliance on temporary trends and hype, leading to potential overnight value drops. Galaxy Fox offers diverse utility and tangible rewards. Built on Ethereum, GFOX debuted as a P2E gaming token, offerin...

International broker Interactive Brokers has partnered with OSL to offer retail customers crypto trading in Hong Kong. American trading giant Interactive Brokers has become the first securities broker in Hong Kong to be approved to allow retail customers to trade crypto. In an effort to expand its services in the city the brokerage giant selected OSL, Hong Kong’s public cryptocurrency company, to trade Bitcoin (BTC) and Ethereum (ETH), according to a blog announcement published by OSL on Nov. 28 2023. Under the partnership agreement, Interactive Brokers’ retail investors in Hong Kong now have access to crypto trading “through a single unified platform powered by OSL.” “This expansion with Interactive Brokers is a testament to our enduring commitment to lead the regulated evolution of the digital asset market.” OSL CEO Hugh Madden You might also like: Hong Kong police investigates Hounax exchange for alleged rug pull David Friedland...

A memecoin rivaling the likes of Dogecoin (DOGE) and Shiba Inu (SHIB) built on the Solana (SOL) blockchain is rallying on a new major listing. KuCoin, the sixth largest crypto exchange by trading volume and known for supporting “altcoin gems” listed Bonk (BONK) yesterday on its platform. According to the announcement, BONK trading begins today, with BONK withdrawals being allowed as early as tomorrow. “BONK was launched as a massive Christmas airdrop to the Solana community at the end of 2022, almost marking the exact bottom of Solana’s price & sentiment. In the months since launch BONK has recently achieved an all-time high of 480k unique holders, making it one of the most widely distributed tokens on Solana. Over 100 apps use BONK. BONK’s mission is to reward loyal Solana users and power apps that are ‘Only possible on Solana’. It has remained the most traded token on Solana after Solana itself and USDC for most days since th...

Although its gains have slowed down in recent days, Bitcoin (BTC) is nonetheless trading above the psychologically important price level at $37,000, and certain indicators suggest that there is a strong chance that the flagship decentralized finance (DeFi) asset will never go back under $35,000. As it happens, Bitcoin’s valuation based on its mining difficulty (hash rate) reached $35,000 on November 26, which, according to the pseudonymous cryptocurrency market analyst PlanB , represents a critical level below which this crypto asset would never drop. Specifically, unless events like black swans or short-term volatility occur, “based on $/kWh-arbitrage fundamentals… BTC will never go below $35k ever again,” and will only continue growing, as the expert explained using a Bitcoin valuation model chart Analysis shared in an X post on November 27. Bitcoin valuation models. Source: PlanB In the analyst’s view, this growth has a lot to do with the United States Securities and Exchange...

Animoca Brands invests in Telegram’s TON blockchain protocol and becomes its largest validator as it eyes GameFi development on the platform. Web3 investment firm Animoca Brands is set to become the largest validator of Telegram’s TON (The Open Network) blockchain and plans to deliver blockchain -based games to the messaging app’s 800 million strong user base. An announcement shared with Cointelegraph outlined how the partnership will involve the provision of funding, research, and an analytics platform for third-party TON ecosystem applications.  The value of Animoca’s investment was not disclosed at the time of publishing, but part of the investment is understood to have been made directly into Toncoin, which has been staked as part of the validator agreement. Related: Animoca still bullish on blockchain games, awaits license for metaverse fund Animoca has carried out extensive market research on TON’s wider ecosystem focused on the platform’s ability to drive cryptocurrency and...

Binance’s Changpeng Zhao responded to a tweet that corrected a post regarding a court ruling on his ongoing lawsuit.  Calvin Cheng, Serbia’s consul to Singapore, corrected Watcher.Guru’s post claiming a U.S. court denied Zhao from leaving the country.  Zhao tweeted an emoji indicating appreciation for Cheng while tagging the original post as fake news. Amidst his legal worries, Binance founder and former chief executive officer Changpeng Zhao continues to maintain his presence on social media platforms, having recently posted about his resignation from the exchange.  Earlier today, block Chain news platform Watcher.Guru reported that a U.S. Judge forbade Zhao from leaving the U.S. before sentencing. However, Calvin Cheng, Serbia’s consul to Singapore, replied that, on the contrary, the judge stayed the ruling pending a full hearing.  In response to Cheng’s post, Zhao posted an emoji that shows appreciation alongside the number 4, which he c...

Cardano (ADA) price is near $0.37, a key support area for the coin as altcoins decline.  An analyst says the 4-hour chart shows a potential buy signal for ADA. A rebound for Cardano could also be helped by a flip in on-chain metrics. As cryptocurrencies pulled back on Monday, Cardano ( ADA ) saw its price drop below $0.38 again, pushing the altcoin to a support level seen as price s rose last week. But is ADA poised for a rebound? A crypto analyst shared the forecast below on X. Analyst points to ADA buy signal While the overall declines across the market might see sellers attempt at extending their grip, a crypto analyst says a potential buy signal for ADA is formed on the 4-hour chart. What technical indicators support the analyst’s take? Here’s the prediction. “ Look how the 100-EMA on the 4-hour chart has acted as a rebound zone for $ ADA while the $0.396 level acts as a stiff resistance ,” Ali noted in a post on X. ...

Earlier today, a whale transferred SOL tokens worth over $19 million from an unknown wallet to Coinbase. At press time, SOL was worth $56.46 after its price dropped by over 3% in the past 24 hours. On-chain data revealed that in November, Solana’s USDC transaction volume and TVL saw huge increases. Dumping fears are spiking within the cryptocurrency community after a whale moved a huge amount of Solana (SOL) tokens to an exchange. The whale tracking platform Whale Alert posted on X this morning that 336,999 SOL was transferred from an unknown wallet to Coinbase. The transferred tokens were worth about $19,100,615. 336,999 #SOL (19,100,615 USD) transferred from unknown wallet to #Coinbasehttps://t.co/etqEyrt4qJ — Whale Alert (@whale_alert) November 27, 2023 Judging from most of the comments on the post, many people believe that the whale is planning to dump his tokens soon. This might be the case as SOL experienced the largest price drop out of th...

Founder of the Cosmos block chain , Jae Kwon, has announced plans to fork a new chain , called AtomOne, follow ing a governance vote that did not align with his stance.  The news come after the Cosmos community welcomed a proposal to trim the maximum inflation rate of ATOM, the network’s native token, from 14% to 10%. The proposal recently passed despite Kwon voting against it, as it clinched the required governance vote. Kwon is now pushing for a split, seeking to fork the Cosmos network to create the new chain. He addressed the Cosmos community on X (formerly Twitter), emphasizing the need for a detailed discussion on the potential split.  Now listen up Cosmonauts. Despite our voting NWV #848 has ended up passing, something that isn't too surprising (though it would be good to know whether the later votes came from newly purchased atoms) @cosmos @Allinbits_inc #raptureparty #atomone Now let's coordinate a split. — antechristus #343 (@jaekwon) November 25, 2023...

An unknown crypto trader has been spotted on-chain clocking massive profits trading Wrapped Bitcoin (WBTC). According to blockchain tracking service Lookonchain, three wallets belonging to one “smart whale” deposited 1,957 WBTC worth $74.6 million into Binance on Friday. WBTC is an ERC-20 token pegged to the price of BTC, allowing traders to speculate on Bitcoin while staying within the Ethereum ecosystem. Lookonchain says that the deep-pocketed entity consistently bought WBTC at low prices and sold higher, making over $24 million in WBTC profits, with one wallet making $11.6 million and two others making $6.3 million each. “Wallet 0xC9c6 withdrew 1,744 WBTC ($48.15 million) from Binance between April 27 and June 14 at an average price of $27,613. Then deposited 1,744 WBTC ($59.76 million) to Binance from Jun 22 to Nov 24 at an average price of $34,270, making ~$11.6 million… Wallets 0xc1C7 and 0x5c98 bought and sold WBTC at the same tim...

As the cryptocurrency market anticipates a potential bull market, investors may consider accumulating Bitcoin (BTC) in preparation for it. A eminent analyst in the cryptocurrency industry suggests that the window for Bitcoin investors to increase their holdings below the $40,000 mark is closing. In a recent post on X, the creator of the stock-to-flow BTC price models – PlanB, suggested that the current price levels may not persist for an extended period. “Sorry, I am not in th ‘Picking Up Pennies In Front Of A Steamroller’ game. I expect $100k-$1m bitcoin average in 2024-2028 halving cycle, so at least 3x from here ”, wrote PlanB in the comments of his post.  “ Enjoy sub-$40k Bitcoin … while it lasts “ Stocks This healthcare stock could skyrocket anytime Cryptocurrency Former NYSE president reveals when 'money will flood' into crypto Stocks ChatGPT predicts Intel stock price for start ...

Shiba Inu and  Dogecoin , which revolutionized the meme coin industry, have stalled this year and underperformed their peers. SHIB price has barely moved in 2023 even as Bitcoin has jumped by over 120%. Dogecoin, on the other hand, has risen by less than 10%. Why SHIB and DOGE are struggling Dogecoin and Shiba Inu were two of the hottest meme coins in 2021, which explains why they are multi-billion dollar assets. Dogecoin has a market cap of over $11 billion while Shiba Inu is valued at more than $4.9 billion. The two have lost momentum as investors focus on other cryptocurrencies. Some of the fastest-growing tokens this year are newer meme coins like Bonk, Pepe, and Memecoin, which are all worth over $1 billion.  Dogecoin has stalled because Elon Musk, who famously boosted it in 2021 has stayed in the sidelines. He has not talked or even tweeted about it in the past few months. As a result, most investors have avoided the coin. Shiba Inu, on the ot...

The company said Symbiogenesis NFTs will be auctioned off in three separate phases. Final Fantasy game developer Square Enix announced auction dates for its upcoming Symbiogenesis non-fungible tokens (NFTs). In a Nov. 24 social media post, the team said it would sell the NFTs in three batches. The first batch will be auction ed from Nov. 27-28, the second from Nov. 30-Dec. 4 and the third from Dec. 2 to Dec. 3. Symbiogenesis is Square Enix’s upcoming blockchain game that Features Ethereum-based NFTs. Starting next week, it's finally time for the start of the auction ! Phase 1: 11/27 12:00 - 11/28 11:59 (JST) Phase 2: 11/30 12:00 - 12/1 11:59 (JST) Phase 3: 12/2 12:00 - 12/3 11:59 (JST) More details herehttps://t.co/MFprrApwio#SYMBIOGENESIS — SYMBIOGENESIS -NFT Art＆Game Project- | SQUARE ENIX (@symbiogenesisPR) November 24, 2023 According to the game’s documents, the first phase will include facet and mesh characters and will only allow “stakeholders” to participate. Thi...