Category: Cryptocurrency News

Zano blockchain partnered with Confidential Layer to enable secure and private transactions across different blockchains. This allows users to keep their original assets (like ether or bitcoin) while adding Zano’s strong privacy features. Both the Zano and Confidential Layer teams see this as a significant step towards a digital economy where users have control over […]

Geoff Kendrick, the Head of Crypto Research at Standard Chartered Bank, has put forth bullish predictions regarding the Bitcoin price trajectory in the event of the 2024 US presidential election.  Bitcoin Price Predictions Soar According to a CNBC report, Kendrick posits that a potential re-election of Donald Trump could propel Bitcoin to a staggering $125,000 mark. However, he also indicates that Bitcoin is poised to reach new all-time highs regardless of the election outcome, with an anticipated value of $75,000 if Vice President Kamala Harris secures the presidency. Elaborating on the election’s implications on the cryptocurrency landscape, Kendrick highlights that while the political scenario will undoubtedly influence the Bitcoin market, the perceived risks associated with a Harris presidency might be exaggerated.  Related Reading: Challenges Mount For Bitcoin Miners As Difficulty Surges To Record High According to Kendrick’s analysis, the Bitcoin price is projected to conclude 2024 at record highs under either election scenario, nearing the $125,000 threshold under a Trump victory or hovering around $75,000 in a Harris administration.  In the wake of a potential Harris win. However, an initial price dip could occur, Kendrick asserts that market participants would likely view such declines as buying opportunities, given the expectation of continued regulatory advancements. Contrary to industry apprehensions regarding Harris potentially adopting a stringent stance towards Bitcoin, Kendrick contends that her administration would likely exhibit a more favorable outlook towards digital assets than a potential second term under President Biden.  Moreover, Standard Chartered remains optimistic about the Bitcoin price future, maintaining a bullish stance by forecasting a surge to $200,000 by the conclusion of 2025, irrespective of the election outcome this year. Potential Q4 Rally For BTC Evaluating the current state of the Bitcoin market, crypto analyst Daan Crypto Trades shed light on BTC’s historical performance trends in September.  Despite the general observation that Bitcoin tends to face challenges in September, Daan assesses that whether at the beginning of a bullish trend, in the later stages of previous market cycles, or even in a bearish phase, September typically marks a local bottom followed by a subsequent up move in the fourth quarter. Recently, Bitcoin encountered two significant downturns, notably on August 5, when it dropped nearly 25%, causing the price to plummet to as low as $49,000.  Subsequently, another retracement occurred on September 6, pushing the price to $52,000. However, amidst these fluctuations, Bitcoin has shown resilience by trading at $58,360, indicating strong support along the macro uptrend line. Related Reading: Shiba Inu Accumulation: Whales Pull Out $4 Million From Exchanges, Can SHIB Recover? Moreover, Daan Crypto Trades emphasizes that a considerable portion of BTC’s liquidity remains at higher levels. This observation aligns with the price effectively clearing out historical levels from approximately the past six months during the sharp decline witnessed in early August. Highlighting a pivotal level to monitor, the analyst underscores the significance of surpassing the $65,000 mark. Breaking this level would signify the formation of a local higher high, potentially paving the way towards targeting the liquidity at $70,000.  Featured image from DALL-E, chart from TradingView.com

Fintech startups face significant challenges when expanding to Kenya, primarily due to the lengthy and complex process of obtaining an operating license. Obtaining a payment service provider (PSP) license can take up to two years, forcing startups to rely on workarounds such as partnerships with established players like telcos and banks. High market entry barriers […]

A crypto analyst is mega bullish on the future outlook of the XRP price, predicting a massive price surge to $40 for cryptocurrency. Despite XRP’s stagnant price growth over the years, this crypto analyst remains confident in the cryptocurrency’s short-term and long-term prospects. XRP Surge Incoming, Don’t Panic Sell XRP, the native token of the XRP Ledger (XRPL) is currently showing incredibly bullish signals according to ‘Steph Is Crypto,’ a market expert on X (formerly Twitter). Sharing a video discussing his analysis of the XRP chart, Steph Is Crypto disclosed that cryptocurrency is gearing up for a substantial breakout in the immediate short term.  Related Reading: Analyst Says Bitcoin Is In A ‘Healthier’ Place Now, Here’s Why The analyst disclosed that XRP is currently shaping a “larger inverted head and shoulders” technical pattern. As a result, he predicted that a breakout would be confirmed in XRP when a daily candle was seen close to the neckline at the $0.65 level. Once XRP closes above this crucial price level, the cryptocurrency could witness a price increase to $1.11, representing a 106% surge from its current value.  Steph Is Crypto further revealed that on the monthly time frame, XRP’s price is getting closer to the apex of its distinctive symmetrical triangle pattern. A symmetrical triangle is a neutral chart formation consisting of two converging trend lines that suggest a potential price breakthrough after a period of sideways trading.  Based on XRP’s triangle chart pattern, the analyst believes that the cryptocurrency could experience a massive price surge to $40 in the next few weeks. Considering the ambitious nature of this price forecast, Steph Is Crypto has warned investors to take it with a grain of salt, noting the market’s unpredictable nature.  However, should XRP break above the downward-sloping resistance line on its symmetrical triangle pattern, the cryptocurrency could see a rapid move to the upside. A jump to $40 would mean that the XRP will require a 75.5% rally from its present price of $0.53.  Looking at the Fear and Greed index of the broader crypto market, the majority of investors are in a fearful state due to the recent market decline and volatility. However, Steph In Crypto has urged XRP investors to stay bullish, emphasizing that now is the worst time to panic sell their holdings.   He also revealed that XRP is witnessing a significant build-up of liquidity from short positions. As a result, he recommends that investors keep an eye out on the cryptocurrency’s liquidity margin, predicting a short squeeze or a move upwards soon.  Related Reading: Bitcoin Recovery Path To $60,000: Analyst Reveals Why $55,881 Is Important Update On XRP Price Analysis Despite XRP’s bullish forecast from analysts and its newfound legal clarity, the cryptocurrency continues to experience sluggish growth. CoinMarketCap’s data has shown that XRP is still consolidating around the $0.5 price level, showing only modest gains even during favorable market conditions. In the last 24 hours, the price of the cryptocurrency has jumped by 1.06%, however in the previous week it also fell by 1.90%.  Featured image created with Dall.E, chart from Tradingview.com

A two-day pan-African AI conference was held in Lagos, Nigeria, co-hosted by the United States. The conference aimed to promote safe, secure, and trustworthy AI systems in Africa, with hundreds of attendees from various fields. U.S. Deputy Secretary of State Kurt Campbell emphasized the importance of collaboration between the U.S. and Africa in AI development […]

According to the S&P Global ratings agency, Tether scored a 4 out of 5 on its stability assessment, with 5 being the worst rating.

CCP games says it isn’t a blockchain game; it’s a game that utilizes blockchain.

Congressman John Rose would make the agencies work together and listen to user and industry representatives.

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