China News by Thebittimes.Com

By popular demand, an updated roadmap diagram for 2023! pic.twitter.com/oxo58A2KuG — vitalik.eth (@VitalikButerin) December 30, 2023 Vitalik Buterin , the co-founder of Ethereum , has revealed the blockchain’s roadmap for 2024. While the changes may seem minor compared to the previous year, they can propel Ethereum to new heights. In this article, we’ll explore the key components of Ethereum’s 2024 game plan, its impact on its price, and the measures taken to combat economic centralisation. Ethereum’s Price Soars Analysts are optimistic about Ethereum’s price , with projections reaching as high as $5,300. Raoul Pal , CEO of Real Vision , attributes this bullish sentiment to liquidity indicators. Raoul anticipates that Ethereum could reach all-time highs in the first half of 2024, particularly with the potential launch of an Ethereum ETF following a Bitcoin ETF . Vitalik Buterin’s Vision Here was the one from last year. Notice that it's actu

One rival of smart contract platform Ethereum (ETH) is shifting its culture to focus on promoting tokens it says are inspired by internet culture and humor. In a new announcement, layer-1 blockchain Avalanche (AVAX) says that it intends to start promoting its Culture Catalyst initiative, which launched last year and aims to support meme coins , gas tokens, non-fungible tokens (NFTs), stable coins , Real World Assets (RWA), and governance coins . “Last year, the Avalanche Foundation launched Culture Catalyst, a program aimed at empowering creators, sparking innovation, and propelling the adoption of blockchains. This initiative seeks to better position Avalanche to cultivate and support the many new forms of creativity, culture, and lifestyle that blockchain enables.” Avalanche says it plans on purchasing select AVAX-based meme assets to start a collection, and says it will be choosing the tokens based on a combination of factors, including but not limited to its

Shibarium sees significant user activities as transactions and wallets rise.  The blockchain has registered over 216M transactions and has 1.3M wallets. Shiba Inu’s burn rate also jumped 22% as over 13 million SHIB tokens were sent for incineration.  Shibarium, the Layer-2 blockchain of the popular meme coin Shiba Inu, continues to experience significant user activities with rising trans action s and connected wallets.  According to data from Shibariumscan explorer, the Layer-2 blockchain saw a tremendous increase in its trans action volume. Presently, the daily trans action volume count stands at a whopping 7.84 million, a metric that has risen consistently since the start of the month.  Cumulatively, the total number of trans action s on Shibarium stands at 216,030,830, with 1,320,188 blockchain wallets now linked to Shibarium, an increase of approximately a hundred units.  However, while the number of accounts on the blockchain grew through Decem

A closely followed crypto strategist is warning that one red-hot Dogecoin (DOGE) rival is now in a bearish trend. Pseudonymous analyst Altcoin Sherpa tells his 202,700 followers on the social media platform X that Bonk (BONK) may print a dead cat bounce price pattern, a term used in finance to describe a small, brief recovery in the price of a declining asset. “BONK: some sort of dead cat bounce coming I think. When this happens, I’m guessing other SOL memes have some sort of mini run as well; those will be good times to get out of your bags during that time. I do believe that BONK will have another strong run but it could take a bit and will need more time for accumulation to build a base. Eyeing this one for now.” Source: Altcoin Sherpa/X Looking at his chart, the trader suggests that Bonk will dip below the $0.00000989 level, bounce to around $0.0000170 and then dip again back below the $0.00000989 level. The trader suggests that other meme coins will follow

ETH’s price spiked and hit $2,400, leading to a resurgence in AAVE’s value. The correlation coefficient between ETH and AAVE was a solid 0.92. A positive divergence shown by the RSI suggests that AAVE could hit $130. The concern about Ether’s (ETH) struggles to breakout has finally been put to rest as the coin jumped above $2,400 on December 27. Though the coin’s price has decreased from its initial hike, the rise also spread to tokens linked to Ethereum. One of the cryptocurrencies helped by ETH’s surge is Aave (AAVE). AAVE is the native token for open-source lending and borrowing in the DeFi ecosystem. According to CoinMarketCap, AAVE’s price had increased to $123.57 by press time. Like ETH, Like AAVE The increase represents a 22.70% climb in the last 24 hours. Many market players following Ethereum’s movement since the Merge might not be bewildered by AAVE’s correlation with ETH. This is because of the way the Ethereum Merge had affected Aave’s

Cryptocurrency hedge funds are making a significant comeback after suffering massive setbacks in 2022. Several of these funds are recovering and seeing remarkable growth, with optimistic projections for 2024. Pantera Capital, a leading name in the cryptocurrency fund sector, is a prime example of this resurgence. Despite a steep 80% decline in 2022, according to Bloomberg reports, Pantera Capital’s Liquid Token Fund has rebounded impressively, boasting an increase of nearly 80% as of mid-December. You might also like: Crypto hackers managed to steal $2b in 2023 The fund’s current investment strategy includes a significant stake in dYdX, while its combined investments in Bitcoin and Ethereum constitute less than 40% of the portfolio. Another notable performer is Stoka Global LP, a fund focusing primarily on alternative cryptocurrencies called altcoins. As of the end of November, Stoka Global LP reported a substantial gain of 268% for the year. This resurgence comes as a

Bonk (BONK) was trading 12% down as Solana (SOL) moved lower after its recent surge. An analyst says BONK could see a “slow bleed before nuke”, suggesting the downward move could gather pace. Meme coin Bonk (BONK) is trading about 12% down in the past 24 hours, the dip coming amid increased profit taking deals for Solana (SOL). According to data from CoinGecko, SOL price was down 2% to around $112 as the recent rally appeared to hit brakes above $123. These are the levels that Solana traded at as it nosedived in April 2022. As liquidations for the cryptocurrency mounted to over $20 million – more than $12 million in longs – the pullback in SOL reflected in the Solana ecosystem tokens such as Bonk, Orca and Jito. Bonk swelled more than 10x amid major exchange listings by Binance and Coinbase. The gains also saw a massive demand for Solana Saga phones. What next for BONK? While BONK remains the third largest by market cap behind Shiba Inu and Dogecoin wit

Chain LINK ( LINK ) is currently among the best-performing cryptocurrencies in 2023. Since January, LINK ’s price has surged by over 170%, outperforming Bitcoin (BTC), which has rallied by about 160% in the same time frame. Also Read: Chainlink Unveils Major Product Update: Will LINK Hit $25 Soon? However, LINK had struggled for most of 2023. It was only in mid-October that the token began to rally. LINK’s rally in October could be due to SWIFT’s successful experiment with Chainlink in September. Furthermore, the Depository Trust & Clearing Corporation also announced exploring LINK’s Cross-Chain Interoperability Protocol (CCIP) for tokenized asset interoperability. Both developments strengthened the project’s bullish outlook, thereby pushing its price. How much Chainlink (LINK) is needed to be a millionaire when its price hits $50? Source: Blockchain News If LINK hits a price of $50, it would translate to a growth of almost 230% from current levels. To have a million d

BNB tapped $280, as it outperformed the top four cryptocurrencies in the market. The OBV indicated a potential breakout that could trigger a 20% increase. If distribution wanes, BNB’s upward movement may be validated. The price of Binance Coin (BNB) rose by 3.15% in the last 24 hours, and reached $280, CoinMarketCap data revealed. The performance made the coin the best-performing cryptocurrency out of the top 10 assets per market. During the same period, Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) had slight slides in price. The move comes as a positive development for BNB holders who have had to deal with losing the number 4 spot to Solana.  A Breakout Is Forthcoming According to the BNB/USD 4-hour chart, volatility around the coin has been increasing. This inference was confirmed by the Bollinger Bands (BB). The BB also indicated the upper band had clipped the sharp candle that led BNB to $279.80. This means that BNB was overbought, suggesti

It is Christmas time, so that can only mean one thing – the new year is just around the corner, and artificial intelligence (AI) platform Google Bard, a brainchild of Alphabet (NASDAQ: GOOGL), has once again demonstrated its capacity to analyze the trends in the crypto currency market at the beginning of 2024. As it happens, Finbold has asked Bard to offer its pick of the five best crypto currencies on the market that represent the best opportunities for purchase at the beginning of 2024, and the chatbot delivered some rather insightful, albeit not entirely unexpected, results on December 25. #1 Bitcoin (BTC) Indeed, Bard’s first pick was Bitcoin (BTC), “the original cryptocurrency and the most well-known,” for which the AI platform said was “a strong contender for growth in 2024,” with a still high long-term potential despite its recent fluctuations that “have made it a volatile investment.” For now, Bitcoin is changing hands at the price of $43,652, down 0.31% on the day but sti

In today’s weekly recap, the focus is on the proliferation of global regulatory efforts, with Nigeria finally lifting its ban on crypto currency transactions. Post-implosion developments surfaced, involving Do Kwon, 3AC and Sam Bankman-Fried.  Do Kwon extradition overturned Recall that the Podgorica High Court approved the extradition of Terra founder Do Kwon to either South Korea or the United States. Subsequent reports suggested that the U.S. might be the favorite to receive the former fugitive. While both countries vied to secure custody of Do Kwon, reports from this week confirmed that the Montenegro Court of Appeal had overturned the earlier extradition approval. The court cited violations of criminal procedures. Court freezes assets belonging to 3AC Hedge fund Three Arrows Capital (3AC) saw a court in the British Virgin Islands freeze over $1 billion in assets belonging to the imploded hedge fund. As a result of this asset freeze, executives at 3AC — including Su Zh

Leading blockchain explorer Etherscan published new data showing the top 50 wallets that own the highest number of Shiba Inu tokens. The rich list includes important trading platforms, and individual whales, among various others. The wallets hold trillions of SHIB tokens worth millions of dollars. The top 50 wallets own nearly 40% of all Shiba Inu in circulation while the rest of the tokens are held by common investors. In this article, we will highlight who owns the biggest number of Shiba Inu tokens and reveal the identity of the holders. Also Read: Shiba Inu: How Many Years Will SHIB Take To Reach $1? Shiba Inu: Here’s Top 50 Wallets That Own Trillions of SHIB Tokens Source: Freepik.com Etherscan’s latest data shows that the ‘Null’ wallet holds 41% of all SHIB and is worth $3.95 billion. The ‘Null’ wallet is the dead wallet where all tokens that are burned and removed out of circulation fall. Therefore, nobody owns that wallet but it eventually plays a role in making SHI

The price of XRP continues to trade narrowly between $0.62 and $0.61 this week. This consolidation stands in contrast to major gains seen by other top 20-ranked digital assets like Cardano (ADA) and Solana (SOL) over the same period. According to recent on-chain Analysis , decreasing trading volume for XRP seems to be a key factor holding back its price trajectory as the broader altcoin market rallies. Data from the crypto trading platform Coinglass shows that daily trading volume for XRP has declined sharply over the past week, even as its price trended downward. After hitting a peak of $0.69 last week, XRP has since dropped to around $0.61 at press time.  High trading volumes tend to signal strong market demand and high levels of economic activity around a coin. When trading activity declines at the same time broader market prices are rising, it often indicates waning investor interest and profit-seeking speculation in an asset compared to its competitors. Also read: Here

ARK Invest, headed by Cathie Wood, offloaded an additional 80,118 shares of Coinbase, valued at $13.5 million, from two of its investment funds, coinciding with the stock’s ongoing surge in December. On Dec. 21, ARK Invest sold 68,769 Coinbase shares valued at $11.6 million from its Innovation ETF and 11,349 shares worth $1.9 million from its Next Generation Internet ETF. Cathie Wood and Ark Invest's trade activity from today 12/21 pic.twitter.com/zernEuT1C2 — Ark Invest Daily (@ArkkDaily) December 22, 2023 With the recent sale of $30 million in Coinbase shares earlier this week, combined with the $108 million and $59 million worth of shares sold in the first and second weeks of December, Ark Invest’s total divestment from Coinbase this month has now reached approximately $210.5 million. This strategy aligns with ARK’s policy of maintaining a cap on individual company exposure, aiming to keep it around 10% of its holdings. Coinbase’s stock has been on a significant rise, hi

Binance integrates 19 new decentralized applications into its Binance Web3 Wallet. The supported dApps cover various projects, from DEX and lending protocols to gaming platforms. Earlier, Binance added five networks to the Web3 wallet, including Bitcoin, Dogecoin, and Litecoin blockchains. Leading crypto exchange Binance has revealed the successful integration of 19 new decentralized applications (dApps) onto its Binance Web3 Wallet. The exchange communicated this development via its official blog today. As a result of the new integration, users can now access the dApps directly through the Binance Wallet, simplifying their DeFi and Web3 interactions. The newly integrated dApps include prominent names like Dodo, Radiant Capital, Maverick, WooFi, CyberConnect, QuickSwap, GMX, Gala Games, BinaryX, 1inch, Maker, Compound, Curve, Convex, Frax Finance, Sushi, Yearn Finance, Alpaca, and BiSwap.  This diverse mix covers a variety of use cases, from decentr

A British Virgin Islands court has stepped in to prevent Three Arrows Capital (3AC) founders Kyle Davies and Su Zhu from transferring or selling more than $1 billion in assets with creditors still chasing the collapsed fund’s owners for more than $3 billion. The announcement came one day after a domestic freezing order was issued by a court in Singapore. 3AC operated out of Singapore but filed for bankruptcy in the British Virgin Islands. According to a statement from 3AC’s liquidator Teneo, $1.4 billion in assets have been frozen while creditors are still owed somewhere in the region of $3.3 billion. Davies’ wife Kelly Chen has also been barred from moving assets. “The worldwide freezing order has been sought in connection with claims that are being pursued by the liquidators that allege, amongst other things, that the found ers should be held responsible for causing 3AC ’s position to deteriorate by an amount that is equivalent to the value of the freezing orders sought,” the sta

According to a recent K33 report, the approval of a spot Bitcoin (BTC) ETF (Exchange Traded Fund) is “nailed on” for January. K33 head of research Anders Helseth and senior analyst Vetle Lunde say that the recent ETF application updates will strengthen the likelihood of approval by the US SEC (Securities and Exchange Commission). Also Read: Bitcoin: BlackRock Moves Closer to BTC ETF, Makes Amendments BlackRock and ARK Invest have agreed to a cash-creation setup for their respective funds. Both firms will accept cash to buy BTC to create shares for their ETFs. The researchers also highlighted Bitcoin’s (BTC) price action over the previous week. They stated, “ This is indicative of BTC ’ s strong rally attracting new buyers while also motivating profit-taking by sellers, leading prices to consolidate on elevated trading volume. “ Nonetheless, the report notes that open interest on BTC perpetual contracts has fallen to yearly lows. It further adds that there are “no signs of re

Author: defioasis Note: This article is for information sharing only and does not endorse any projects. It has no financial ties with the projects mentioned. On December 7th, the renowned crypto venture capital firm a16z announced a list of trends for the crypto industry in 2024 that they are excited about. These trends include entering a new era of decentralization, resetting the UX of the future, the rise of the modular tech stack, AI + blockchains come together, Play to earn becomes play and earn, “When AI becomes the gamemaker, crypto offers guarantees”, “Formal verification becomes less, well, formal”, NFTs become ubiquitous brand assets, and SNARKs go mainstream. This article will focus on the nine major areas listed by a16z, prioritizing projects invested in by a16z. The selection will be based on a multi-dimensional consideration of the current status of the projects, their financing situation, and personal understanding. Entering a new era of decentralization Combining the “li