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Chainlink, a platform compatible with Ethereum and renowned for facilitating decentralized oracles, has been making significant progress in the cryptocurrency market. Currently, the native asset of the network, LINK, is experiencing a trading range above $15. According to the latest data from CoinMarketCap, LINK is down by 5.5% in the last 24 hours and is trading at $15.9. With the market trading in red, here is our price prediction for LINK for the weekend. Also read: How High Can Solana (SOL) Surge in January 2024? Chainlink price prediction for weekend LINK has demonstrated remarkable performance throughout this year, positioning itself as one of the top-performing assets. In the past 30 days alone, this altcoin has recorded an 8.2% increase in its price. Despite being -69% below its previous all-time high of $52.70, the prospect of it reaching double-digit values is more attainable than ever before. Also read: How High Can Binance Coin (BNB) Surge in Jan...

Monero (XMR) is the leading privacy -focused cryptocurrency, ranked 29th among the most valuable cryptocurrencies. Currently, XMR is trading at $163.8, with a $3 billion market capitalization. However, Monero now faces the threat of losing most of its liquidity due to a regulatory crackdown against monetary privacy. The coin has been delisted from local exchanges in specific countries for a while, but the issue has suddenly become global. On December 27, rumors started circulating about Binance delisting monero in January. On December 29, The Block reported that OKX will delist XMR and other privacy coins in the first week of 2024. Notably, Binance alone has approximately 25% of Monero’s entire volume, while OKX has around 2% in multiple pairs. Losing this much liquidity can be a tough hit for XMR, which might affect its availability in other markets that are also directly or indirectly dependent on the infrastructure of both exchanges . Monero markets. Source: CoinMarketCap Mone...

The PancakeSwap community has approved the proposal to remove 300 million CAKE from the project’s maximum supply. The proposal passed with nearly 98% of votes in favour. CAKE price was sharply down in the past 24 hours, hovering near $3.46 and down 9.5%. A PancakeSwap proposal seeking to reduce the decentralized exchange token supply from 750 million to 450 million CAKE has passed. The vote on the proposal opened on Thursday, December 28 and closed today, Friday, December 29. According to details on the voting page, 97.88% of the total votes passed the proposal , paving way for the official reduction of the maximum supply for CAKE to 450 million. Currently, details across the market’s leading aggregators CoinGecko and CoinMarketCap show the total supply as 386,192,564 and maximum supply as 450 million. “ By reducing our token supply by 300,000,000 $CAKE, we signify PancakeSwap’s successful shift from a high-inflation emission...

Initially established as a program aimed at ‘sparking innovation,’ Avalanche’s Culture Catalyst will now spend funds to buy meme coins. In an X announcement on Dec. 29, the Avalanche Foundation said it plans to start spend ing Culture Catalyst’s funds on “ select Avalanche-based meme coins ” in a bid to “recognize and encourage the culture and fun symbolized by meme 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,… — Avalanche (@avax) December 29, 2023 Established in March 2022, the Culture Catalyst initiative, as noted by the foundation, initially was aimed at “empowering creators, sparking innovation, and propelling the adoption of blockchains.” You might also like: Wha...

FTX files a repayment plan that estimates the value of the customers’ crypto assets.  The plan values BTC at $16K and places ETH and SOL at $1.2K and $16, respectively.  The filing follows a disclosure by FTX to value assets at prices as of when it collapsed. In a December 27 filing, bankrupt cryptocurrency exchange FTX unveiled a repayment plan that values customers’ digital assets as of when it collapsed last year. The plan would see customers receive a value lower than prevailing market prices for their assets.  The filing follows a disclosure by FTX that it intends to pay customers the worth of their assets as of when it went bankrupt. In particular, the company proposed to value the crypto assets at prevailing market prices as of November 11, 2022.  The proposal, which has since been met with backlash, will see customers receive a value lesser than current market prices. Per the filing, FTX places the value of Bitcoin at $16,871.63...

Cathie Wood’s investment fund Ark Invest has sold all its remaining assets of the Grayscale Bitcoin Trust (GBTC). Bloomberg analyst Eric Balchunas reported that half of the proceeds from the GBTC sale, amounting to a significant $100 million, were used to buy the BITO Bitcoin (BTC) futures ETF, launched by ProShares in October 2021. He suggested that the BITO purchase is likely being used as a liquidity bridge tool. Today ARK sold its entire remaining $GBTC position (it was ARKW's biggest holding only a month ago) and used half the money $100m-ish to buy $BITO, likely as liq transition tool to keep beta to btc while it legs into $ARKW or $ARKB. End of an era. h/t @DilksJay @funwithnumberz pic.twitter.com/J1i92qcmzo — Eric Balchunas (@EricBalchunas) December 28, 2023 However, the deal did not have a significant impact on GBTC shares. At the time of writing, according to the Nasdaq exchange, it is trading at $36.32. Source: Nasdaq The company liquidated tens ...

Crypto hedge funds are rebounding in 2023 after a tough 2022. Despite the recovery, the average fund performance still lags behind Bitcoin’s rally. Bitcoin’s price surge and optimism around potential U.S. ETF approval fuel predictions of a “Token Mania” in 2024. In the aftermath of a tumultuous 2022, crypto hedge funds are bouncing back and gearing up for what some predict as a “Token Mania” in 2024. According to a report from Bloomberg, numerous funds are not only recovering but are also anticipating a prosperous year ahead. Pantera Capital, renowned as one of the industry’s oldest and largest funds, has reportedly experienced a remarkable turnaround. Per the Bloomberg report, the firm’s liquid-token fund surged by nearly 80% in performance this year as of mid-December. The development marked a significant recovery from a comparable decline recorded in 2022. Furthermore, Chainview Capital has reportedly mirrored Pantera Capital’s s...

Redditors appear to have an enthusiastic view toward crypto currencies, as 84% of discussions in 2023 were positive . According to CoinWire, which analyzed over 20,400 posts on Reddit over the last 12 months, the majority of discussions on the platform “were full of positivity,” suggesting investors are anticipating a rally in the foreseeable future. As noted by the firm, enthusiastic community members are “embracing cryptocurrencies, and this vibrant online platform reveals their upbeat outlook.” However, the same cannot be said for X, where out of 19,470 crypto-related tweets, only 65% conveyed a positive sentiment. “But that’s not all; the United Kingdom takes the lead in this global cheer, with more than 72% of crypto-related tweets from this region being positive.” CoinWire You might also like: Bitfinex expects crypto market cap to double in 2024 The most optimistic discussions on social media were centered around stablec...

Ripple ’s XRP token has had quite a year in 2023. Since January, XRP’s price has rallied by about 87%. Although the growth is small compared to others, such as Solana’s (SOL) over 1000% growth and Bitcoin’s (BTC) nearly 160% growth in the same time frame, XRP continues to see an increase in adoption and price. Moreover, Ripple XRP might just be gearing up for another big rally. Also Read: Ripple XRP Forecasted To Surpass its ATH of $3.40, Here is When According to crypto analyst Egrag Crypto, XRP could hit $1.2 in a maximum of 55 days. The analyst points out that XRP did not breach the $0.9399 resistance after Ripple ’s partial victory in its lawsuit against the US SEC (Securities and Exchange Commission). This resistance level kept the token from breaching the $1 mark earlier this year. #XRP Targeting 🎯 $1.2 in a Maximum of 55 Days! 🚀: If the blue fractal unfolds, it'll signal an impending, rapid short-term surge on the horizon...

In a distressing disclosure, a 53-year-old Indian engineer recently fell prey to a cryptocurrency investment scam that resulted in a loss of Rs 95 lakh — equivalent to US$114,230.  The unsuspecting victim, who lives in the Indian city of Bengaluru, was lured into the scam by a person named Sonia Shenoy, whom he met on Instagram two years back. Shenoy purported to represent a global invest ment firm dealing in Bitcoin (BTC). The engineer trusted Shenoy’s representations and decided to invest over $114,000 worth of BTC last January, per the report. The plot thickened from last July when Shenoy, weaving a web of deception, told the victim that a substantial profit of Rs 2 crore (US$240,000) awaited him.  However, this windfall came with a catch – a payment of Rs 50 lakh for TDS (Tax Deducted at Source) was allegedly required. Undeterred and still trusting Shenoy, the engineer procured the requested amount by taking loans from various banks. You might also like: Bitcoin f...

The main network of the notorious ZkSync protocol has stopped working and has not produced blocks for more than 3 hours. The developers confirmed the technical failure on Dec. 25 and stated that they were working to restore functionality. The project team promised that they would notify the community once more information became available about the problem. The reasons for the network failure are still unknown. zkSync Era is currently encountering network issue s. Teams are actively addressing the situation and are committed to resolving it as swiftly as possible. We will share a post-mortem report once the issue has been fully addressed and analyzed. For updates:… — zkSync Developers (∎, ∆) (@zkSyncDevs) December 25, 2023 Source: Uptime Notably, last month ChainLight, a blockchain security audit company, discovered a vulnerability in the zkSync Era protocol that could result in a potential loss of $1.9 billion if exploited. Despite this, zkSync Era had many layer...

The count of new addresses created to trade DOGE has increased by 31% in the last week. However, its price has since consolidated within a tight range With a negative CMF value, its spot market currently sees a low flow of liquidity. Leading meme coin Dogecoin [DOGE] has witnessed a surge in demand in the last week. In a post on X (formerly Twitter), crypto analyst Ali Martinez noted that the coin has seen a surge in network activity, with the creation of new addresses reaching record highs. #Dogecoin is experiencing a notable network expansion! There's a steady rise in the creation of new $DOGE addresses, consistently reaching new highs. This increase in network activity is a promising sign for #DOGE as it lays the groundwork for a potential upward price action. pic.twitter.com/WcWxRY6ZGU — Ali (@ali_charts) December 23, 2023 In the last seven days, the dog-themed coin recorded a 31% growth in the daily count of new addresses created to trade ...

Cryptocurrency analytics platform Santiment is naming three digital assets that it says possess long-term bullish prospects. Santiment says that Ethereum (ETH), Shiba Inu (SHIB) and the artificial intelligence-focused crypto project Fetch.ai (FET) are witnessing a reduction of the supply held on exchanges by their top 10 holders. According to Santiment, the moving of the three crypto assets by the respective top 10 holders from exchanges is a “bullish long-term signal”. The crypto analytics platform says that in the case of Fetch.ai, the top 10 largest wallets have reduced their FET holdings on exchanges by 26.1% in the last three months. The top 10 holders of Ethereum and Shiba Inu, on the other hand, have cut their holdings on exchanges by 4.3% and 2.7%, respectively, over the past 90 days. Source: Santiment/X Ethereum is trading at $2,306 at time of writing, while Shiba Inu is changing hands at $0.0000106. Fetch.ai is priced at $0.729 at time of writing, up ...

Elon Musk was a guest in Cathie Wood’s X Spaces on December 21 to “discuss the future.” Musk owns X (formerly Twitter), while Wood is the CEO and CIO of Ark Invest, an investment management firm interested in crypto. Notably, the well-known multi-billionaire and CEO of Tesla Inc (NASDAQ: TSLA) showed a lack of interest in crypto when asked about Bitcoin (BTC), its potential impacts on the financial and monetary system, and Tesla’s holdings. “Honestly, I have to say I don’t spend a lot of time thinking about crypto currencies. Hardly any at all.” — Elon Musk (01:15:32) https://t.co/LAdIzl7QAa — Cathie Wood (@CathieDWood) December 21, 2023 Elon Musk on the nature of money: ‘Information moving on a network’ Nevertheless, Elon Musk continued by saying he has been thinking for a long time about the nature of money. Cryptocurrency Bitcoin set for first-ever weekly Golden Cross; Start of BTC bull run? Cryptocurrency Argentina’s foreign minis...

Renowned entrepreneur Elon Musk recently disclosed plans for the introduction of in-app payment services on his comprehensive ‘everything app,’ referred to as ‘X,’ with an expected launch around mid-2024. Musk shared this insight during a conversation with Cathie Wood of ARK Invest at a recent X space event on Dec. 21. Despite the heightened anticipation surrounding X, Musk hinted that the incorporation of crypto assets into the payment services seems improbable. Projected Timeline for Payment Services Launch Elon Musk outlined his vision for the in-app payment services on X, anticipating full functionality by the “middle of next year.” However, the realization of this timeline is contingent upon the approval of various money transmitter license applications. Musk acknowledged an initial aspiration to expedite the launch of payment services but cited delays attributed to bureaucratic processes. Potential Challenges and License Approval During t...

While January 2024 is fast approaching, the cryptocurrency sector is increasingly looking at closing the year on a bullish note, altcoins included, led by the example of the flagship decentralized finance (DeFi) asset, which has returned above the important psychological level at $44,000. In this context, Finbold has analyzed the sector to provide a list of four altcoins , i.e., cryptocurrencies other than Bitcoin (BTC), that are demonstrating strength at the end of 2023 and which, therefore, represent a good buying opportunity. Moreover, they are still available under the price of $10 per wholecoin. #1 Helium (HNT) As it happens, Helium (HNT) has shaken up the telecom market with the launch of its Helium Mobile decentralized wireless network that offers a $20/month unlimited cell phone plan in the United States and non-fungible token (NFT) rewards, consequently propelling the price of its native token. IT'S HERE Our nationwide $20/month Unlimited Phone Plan is now available...

Crypto scammers have found a new way to abuse X interface to propagate scams, fake giveaways, and deceptive Telegram channels. As reported by BleepingComputer, fraudsters have started actively taking advantage of what appears to be a user interface flaw, enabling them to create seemingly legitimate URLs containing malicious content. This flaw, initially identified by X user @rcwht_, empowers scammers to publish tweets that mimic those from authentic accounts. Interesting scam crypto-related tweets. Link looks like it should direct to binance, but actually direct to some scammy account. Been tagged in two of these and they both use https://t.co/2HhH3FW3nT – anyone know whats going on here? pic.twitter.com/NVtFkm12d6 — Rob White (@rcwht_) December 17, 2023 According to BleepingComputer, scammers can change the status_id field, while putting the legitimate tag in the account_name field. For instance: https://x.com/[account_name]/status/[status_id] would look like ...

D3 Global, a forward-looking domain name company focusing on interoperable digital identities, has revealed exclusive collaborations with the Shiba Inu (SHIB) and Viction blockchain ecosystems. The partner ships aim to secure the .shib and .vic Top-Level Domains (TLDs) in the upcoming ICANN application window. The Shiba Inu ecosystem, encompassing over 80 million users and featuring the widely used SHIB token and Shibarium Layer-2 blockchain, is joined by Viction, a Layer-1 blockchain prioritizing people with zero-gas transactions and heightened security across 3.7 million wallets. D3’s introduction of interoperable digital identities will facilitate the expansion of both ecosystems beyond their current user bases, securely offering universal access to their services. This aligns with D3’s overarching mission to seamlessly integrate DNS and blockchain technologies. A need for innovation Existing Web3 naming systems face compatibility issues with traditional Internet in...

Ripple President Monica Long submits a series of predictions for 2024’s crypto industry. Long predicts that the industry will witness increasing adoption and integration in 2024. She anticipates that the industry will break the speculative hype cycles before the next crypto summer. Ripple President Monica Long, in a series of predictions for 2024, asserted that the crypto industry would witness the “breakout moment” of increasing adoption, highlighting the significance of regulatory compliance. With Monica Long’s predictions, Ripple pursues its initiative of drawing insights from the major leaders of the platform regarding their thoughts about 2024. #2024Predictions — We've asked leaders at Ripple to weigh in on what they think 2024 holds. Today we continue with @MonicaLongSF. pic.twitter.com/IxPOgD22XG — Ripple (@Ripple) December 19, 2023 Long strongly believes that the crypto space will be able to break the “speculative hype cycles that have ...