Altcoin News by Thebittimes.Com

The ongoing crypto market rally, despite being but a few months old, has already seen  numerous exciting developments.  Along with the major developments such as the approvals of Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs), the BTC halving, and a string of developments in the fight between Ripple Labs and the SEC, the bull run has featured multiple new all-time highs (ATH) for various cryptocurrencies, and the launch of many new coins and tokens. One crypto trader has seemingly scored a jackpot with a very new celebrity-themed token – Caitlyn Jenner (JENNER). Picks for you How rich is the longest-sitting Republican senator: Chuck Grassley's net worth revealed 2 mins ago How rich is Tennessee senator Ma...

The New York Stock Exchange is reportedly polling traders to see if they want to open trading up 24 hours a day, seven days a week, similar to cryptocurrency and forex markets. Leading the charge on the proposed change is infamous hedge fund manager Steve Cohen, who is attempting to open up his own exchange called 24 Exchange, which currently has tradeable markets out of Bermuda. Last year, 24 Exchange discontinued trading in crypto products and gave up on a bid to open up trading of US equities but it’s restarting the process now. The current move wouldn’t be the first time that the NYSE has considered plans to become a 24/7 trading venue. Indeed, in 1990 John Phelan Jr., chairman of the NYSE , proposed a plan to ensure market s were never closed. At the time, the reasoning was that the NYSE was losing market share to foreign markets like the London Stock Exchange. The proposal would’ve brought 24-hour trading to the NYSE trading floor by 2000, but nothing ever materializ...

ChatGPT, an artificial intelligence (AI) language model developed by OpenAI, has released a new tool designed to simplify the process of backtesting trading strategies.  In a thread published on their X (formerly Twitter ) account, on March 27, Pedma, a library of trading strategies, outlined a 6-step process. They utilized ChatGPT to backtest a simple moving average (MA) crossover strategy for Bitcoin (BTC) rather than a ChatGPT trading bot. Here’s a breakdown of the key components: Picks for you Cardano architect slams ‘zombie blockchain’ allegations 11 mins ago Why Bitcoin is lining up to hit $200k during current cycle 1 hour ago XRP and XLM about to ‘melt faces;’ Here’s why 2 hours ago Bybit’s Unified Trading Account spurs capital efficiency with 96% institutional adoption rate 3 hours ago ChatGPT Python  In the first step, the user requests ChatGPT to provide Python code for importing the required libraries for backtesting...

Meme coins surged for impressive gains year-to-date, dominating most of the cryptocurrency market’s top performances in 2024. However, the results cooled down in the past week while cryptocurrencies faced a major correction, threatening further losses. Over $230 billion was wiped in a day from March 18 to March 19. The overall sentiment drastically changed from ultra-bullish to slightly bearish, which can put an end to the meme coin’s hype. In this context, Finbold selected two cryptocurrencies to avoid trading next week, among the previously most traded speculative tokens. Picks for you Anglo-Italian company claims major breakthrough in Bitcoin mining 2 hours ago Backed introduces tokenization platform for institutional use 4 hours ago AI predicts BNB price for end of 2024 4 hours ago Short squeeze alert: 2 cryptocurrencies with pump potential next week 5 hours ago Pepe (PEPE) Pepe (PEPE) has seen over 500% gains in the last 30 days, fro...

DZ Bank, Germany’s second-largest financial institution, plans to launch a cryptocurrency trading pilot. Souad Benkredda, a board member at DZ Bank, stated that the Frankfurt-based bank aims to offer a variety of cryptocurrencies. The initiative is designed for customers who prefer to invest independently without seeking financial advice. “According to a study by the Genoverband, every second bank wants to offer this solution for their customers.” Souad Benkredda in an interview with Bloomberg You might also like: Jupiter airdrop farmer earns $1.1m using thousands of wallets However, Benkredda noted that the decision to adopt such a service ultimately rests with each individual institution. Genoverband is a key auditing and consulting body for over 2,500 cooperative organizations. With assets under management amounting to $627 billion, DZ Bank has already taken steps into cryptocurrency. In November, the bank launched a cryptocurrency custody platform with Ripple....

On Monday, December 4, Brazil’s largest lender, Itau Unibanco (ITUB4.SA), introduced a cryptocurrency trading service for clients on its investment platform , joining other local players in the digital asset exchange market. Initially, Itau’s latest offering will facilitate the trading of Bitcoin (BTC) and Ethereum (ETH), the two most prominent cryptocurrencies. However, according to Guto Antunes, the Head of Digital Assets, the bank plans to incorporate additional cryptocurrencies in the future, per an interview given to Reuters on December 4. “It starts with Bitcoin, but our overarching strategic plan is to expand to other crypto assets in the future,” he said, stating that future expansions depend on the judicial regulations in Brazil. This step positions Itau to enter the competitive landscape in Brazil, pitting it against local players such as crypto exchange MB, investment bank BTG Pactual’s digital assets unit Mynt, and global giants like Bina...

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...

As Bitcoin hits resistance, a new wave of altcoins like Solana, Injective, and Chainlink are surging ahead. Is this the dawn of a new altcoin era? Bitcoin might have pulled the crypto market from its multi-month sluggishness, but the big winners right now are altcoins, as many cryptocurrencies have outperformed BTC during the last few weeks. Does the crypto market ignite the engine for another altcoin season? How to benefit from this rally? We’re about to figure it out in this post. Altcoins perform great in Q4 Altcoins – digital assets other than Bitcoin – have demonstrated great returns in the last quarter of the year, and some of them took off earlier than that. While Bitcoin has gained over 40% since mid-September to consolidate above $35,000, Solana’s (SOL) value has tripled, while Injective (INJ) and Chainlink (LINK) have surged by 150%. Avalanche (AVAX), Aave (AAVE), Polygon (MATIC), and Cardano (ADA) have also outperformed Bitcoin during the last 60 days. Bitcoin and Altcoin’s...

Crypto trading can be dynamic, fast-paced, and competitive. As the market evolves, traders seek innovations to stay ahead of the curve and make informed decisions. This has led to the rise of crypto trading bots leveraging sophisticated algorithms and automation to execute trades, manage portfolios, and capitalize on market trends. Efficiency Among the primary advantages of using advanced crypto trading bots provided by companies like  Immediate Connect  is their efficiency. These bots can monitor market movements and execute trades at speeds and accuracy levels beyond human capabilities. Unlike human traders who need rest, these bots can operate 24/7, ensuring no trading opportunity goes unnoticed. You might also like: Coinbase fined $11k in Russia despite not operating there This round-the-clock trading capability is especially valuable in the crypto market, which operates non-stop and experiences rapid price fluctuations. Data-driven decision making Since m...

The move comes ten months after Binance removed FTX’s token from its platform, except for the FTT/BUSD trading pair. Cryptocurrency exchange Binance will re-open FTX’s token FTT for trades on Sept. 22, 2023 (08:00 UTC). According to a press release on Sept. 21, the token will be available for trading in the FTT/USDT pair. Binance didn’t explain the reason behind the move but noted that it would also remove the FTT/BUSD trading pair. In addition to FTT, the exchange will list the following pairs: ARK/USDT, CREAM/USDT, GFT/USDT, IQ/USDT and USDT/VAI for spot trading . You might also like: SBF’s father was unhappy with $200k salary at FTX On Sept. 29, 2023, (03:00 UTC), Binance will also remove and cease trading on the ARK/BUSD, CREAM/BUSD, GFT/BUSD, IQ/BUSD, and BUSD/VAI trading pairs. FTT price on CoinMarketCap | Source: CoinMarketCap Amid the news, FTT price gained 8%, reaching the $1.1 mark, according to data from CoinMarketCap. However, the ...

Amid escalating regulatory scrutiny and legal challenges, Binance experienced a 57% drop in its weekly Bitcoin trading volume since the beginning of the month, signaling potential turbulence for the world’s largest cryptocurrency exchange. This downturn coincides with mounting legal challenges and increased regulatory oversight targeting the exchange on a global scale. Binance US's weekly trade volume has fallen from a yearly high of nearly $5bn to just $40mn. pic.twitter.com/1imacBf9cA — Kaiko (@KaikoData) September 18, 2023 Regulatory struggles continue for Binance The exchange has been grappling with a series of legal and regulatory setbacks, including lawsuits, license denials, and voluntary market exits. Authorities from the U.S. Department of Justice are said to be considering filing charges against Binance. Additionally, the U.S. Securities and Exchange Commission initiated legal action against Binance, its American subsidiary Binance.US, and its founder...

Users can trade ETH/FDUSD with zero maker fee, while the standard taker fee will apply based on the user's VIP level. Crypto exchange Binance, on Thursday, August 3, announced that it would be opening trading for the Bitcoin/First Digital USD (BTC/FDUSD) and Ethereum/ First Digital USD (ETH/FDUSD) trading pairs alongside an updated zero-fee Bitcoin and Ethereum trading with newly added FDUSD stablecoin spot and margin pairs . As per the announcement, starting from 08:00 UTC on August 4, users will benefit from zero maker and taker fees for BTC/FDUSD spot and margin trades through the Zero-Fee Bitcoin Trading Program. Additionally, users can trade ETH/FDUSD with zero maker fee, while the standard taker fee will apply based on the user's VIP level. The trading volume for BTC/FDUSD spot and margin trading pairs is not included in the VIP tier volume calculation or the Liquidity Providers programs, enhancing the trading experience for users. “BNB discounts, referral rebate...

The third Litecoin (LTC) halving is only hours away, and market data indicates a surge in LTC trading activity in the last 24 hours. This halving happens every 840,000 blocks, according to Litecoin’s whitepaper. At the time of writing, the countdown clock on the OKLink platform indicated that there were less than 11 hours left to the event. Litecoin $LTC halving is just HOURS away. pic.twitter.com/2CoOpVzdzs — Altcoin Daily (@AltcoinDailyio) August 2, 2023 The previous halving in 2019 led to a significant uptick in Litecoin’s value. Per historical data from CoinMarketCap, between Aug. 2 and Aug. 9, 2019, in the run-up to the last halving , LTC prices see-sawed between $91 and $95, finally skyrocketing to $105.59 on the day of the halving itself.  Litecoin during the 2019 halving | Source: CoinMarketCap Unsurprisingly, the anticipation for the 2023 event is palpable, with Litecoin experiencing a demand surge primarily attributed to the approaching halving . Acc...

Coinbase has retracted its earlier statement that the US SEC had requested it to suspend all trading except for Bitcoin. Coinbase’s CEO Brian Armstrong previously said that the U.S. Securities and Exchange Commission had requested it to suspend all trading activities except for Bitcoin (BTC) in an interview with the Financial Times. The CEO’s announcement generated widespread discourse across various platforms, triggering crucial conversations about crypto regulation and its impacts on market dynamics. Armstrong expressed his concerns about the SEC’s actions, suggesting that it “could potentially stifle innovation and limit the freedom and growth of the burgeoning crypto industry.” You might also like: Court ruling fuels Coinbase’s regulatory quest against SEC Both the SEC and Coinbase went public later in the day to clarify previous statements. A Coinbase representative clarified to DL News that “prior to litigation, the SEC did not at any point r...

The crypto market has not seen any action unfurl lately. Bitcoin has been stuck around $26.7k, while Ether has been hovering around $1.8k. Parallelly, the price of most other large and mid-cap assets continue to register negligible movements. As a result, the total crypto market cap has not been able to advance beyond $1.2 trillion. In fact, it shrunk down by about 1.89% over the past day. Even amid the humdrum conditions, traders continue to make money. A recent Analysis thread by Lookonchain revealed that a ‘super meme coin hunter’ earned $1.06 million in just a month’s time. According to the on-chain smart money tracking platform, the ‘hunter’ managed to inflate his funds by 4 times and 32 times by Trading RefundCoin [RFD] and Pepe Coin [PEPE]. Specifically, the trader made $345k by Trading the former meme coin and $248k by Trading the latter. 1/ Sharing a super #MEME coin hunter who earned 562.64 $ETH($1.06M) in the past month! – Made 189.5 $ETH ($345,306, 4x gains) on ...

Learn how automated crypto trading bots can help minimize the impact of emotions on trading. Statistics suggest that an overwhelming majority of traders fail. While the 95% figure was popularized by Tradeciety in relation to traditional assets, the same is true for cryptocurrency trading. That means only about 5% of all traders are in the money. One of the reasons traders fail more often than not has to do with emotions, and the mismanagement of feelings is amplified in crypto trading, given the high volatility of the market. As a trader, it can be challenging to suppress emotions when making trading decisions. The fear of missing out, anxiety over losing funds, and the tendency to hold on to losing positions are all common emotional responses that can lead to impulsive and irrational trading behavior. There are several ways to minimize the impact of psychology on trading. One of them is turning to automated crypto trading, which involves the use of special software commonly referred ...