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What will happen if Bitcoin goes to $150k in the near future

Source Node: https://ambcrypto.com/what-will-happen-if-bitcoin-goes-to-150k-in-the-near-future/
Time Stamp: December 2, 2021 7:30 PM - Modified On: December 2, 2021 - Published By:
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Republished By Plato

There is enough conversation about Bitcoin being in a “supercycle” doing the rounds in crypto circles. Therefore, despite the recent steep correction, analysts see those gaps closing by year-end. So much so that the anticipation goes beyond the $100k mark that was pegged earlier. However, Into The Cryptoverse CEO Benjamin Cowen, in a recent interview with Blockworks, expressed nervousness about those price levels. He said, “Is a trend sustainable if we go up to $150k next month? I don’t think so. “ He explained that a lot of selling pressure,

Assessing 1INCH’s prospects for growth over December

Source Node: https://ambcrypto.com/assessing-1inchs-prospects-for-growth-over-december/
Time Stamp: December 2, 2021 6:30 PM - Modified On: December 2, 2021 - Published By:
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Republished By Plato

1INCH has seen its own share of ups over the past few weeks. During the initial half of October, this coin rallied from under $2 to $4.5. It briefly consolidated after that for a week and then registered a mammoth green candle on its chart on 27 October. That very day 1INCH was briefly seen exchanging hands around the $7.7 threshold. The next couple of weeks that followed saw this alt shrink in value. At the time of this analysis, 1INCH was trading 56% lower than its aforementioned local high.

People leaving Ethereum is ‘just never going to happen,’ says Solana co-founder

Source Node: https://ambcrypto.com/people-leaving-ethereum-is-just-never-going-to-happen-says-solana-co-founder/
Time Stamp: December 2, 2021 4:30 PM - Modified On: December 2, 2021 - Published By:
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Republished By Plato

2021 saw a significant proportion of developers shifting from Ethereum to rival blockchains. Primarily, because the Ethereum network continued to fight high gas fees and congestion. Well, one network that hugely benefitted from this situation was Solana. Its meteoric rise over 2021 positioned it as one of the main Ethereum-killers. Solana’s native token Sol reached a new all-time high in early November. Furthermore, at the time of writing, the token registered a 10% ROI over the past week. Also, it had a 24-hour trading volume of over $3.6 billion, at

Up by 71%, LUNA makes big gains, but will they sustain over coming days

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Time Stamp: December 2, 2021 3:30 PM - Modified On: December 2, 2021 - Published By:
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Republished By Plato

Terra’s native token LUNA which stands only 2 spots below the top 10 list, became this week’s biggest gainer of the entire top 100 cryptocurrency list. While a lot of aspects factor in for this, the bigger concern only remains in the interest of investors. LUNA in 7 days… The altcoin has been consistently increasing since the end of November, charting an everyday rise of 14% and 15%. This led to the altcoin recovering all of November’s losses while in the process also marking a new all-time high within 3

Cardano’s top exec believes SHIB & DOGE can lead to depression and hyperinflation

Source Node: https://ambcrypto.com/cardanos-top-exec-believes-shib-doge-can-lead-to-depression-and-hyperinflation/
Time Stamp: November 21, 2021 8:30 PM - Modified On: November 21, 2021 - Published By:
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Republished By Plato

Most of the canine cryptocurrencies, especially Shiba Inu and Dogecoin have been victims of online speculations. Despite the surge, many believe these tokens will exist as long as memes trend on the internet. In this development, this renowned figure is the latest individual to address the FUD concerning these “speculative” coins. He even believes that trusting these memecoins would lead to depression and/or hyperinflation. The community got no ‘Calm’ Calm https://t.co/gjTfs7USzr — Charles Hoskinson (@IOHK_Charles) November 18, 2021 Cardano and IOHK chief Charles Hoskinson in the recent Youtube discussion has

Buterin lauds struggling yet biggest ETH L2 solution, Arbitrum’s efforts in the space

Source Node: https://ambcrypto.com/buterin-lauds-struggling-yet-biggest-eth-l2-solution-arbitrums-efforts-in-the-space/
Time Stamp: November 21, 2021 7:30 PM - Modified On: November 21, 2021 - Published By:
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Republished By Plato

Arbitrum, the Ethereum L2 rollup is one of the first optimistic commercial solutions. It lowers costs and speeds up transactions on the Ethereum mainnet. Over the years, Arbitrum has done an excellent job in scaling Ethereum. At press time, it is the biggest Layer 2 solution on the Ethereum network and its growth in just four months has been exceptional. The value locked (TVL) stands at $2.67B and accounts for 47% of the overall market share. However, it seems to be losing heat. Appreciation post Arbitrum and its community have covered

Floki Inu Cryptocurrency Ads Under Investigation in UK

Source Node: https://news.bitcoin.com/floki-inu-cryptocurrency-ads-under-investigation-uk/
Time Stamp: November 20, 2021 1:30 AM - Modified On: November 20, 2021 - Published By:
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Republished By Plato

The U.K.’s advertising authority has launched an investigation into advertisements for the cryptocurrency floki inu (FLOKI). The ads, titled “Missed Doge? Get Floki,” have appeared on London buses and the underground. The team behind the floki inu ad campaign says the advertisements are “legally cleared,” and the advertising authority’s action is “an attack against cryptocurrency and against the people’s freedom of choice — a clear attempt at censorship.” UK’s Advertising Authority Investigating Ads for Floki Inu Cryptocurrency The Advertising Standards Authority (ASA), the U.K.’s regulator of advertising, is investigating advertisements

RippleX exec says ODL is ‘killer value proposition to Ripple Net’

Source Node: https://ambcrypto.com/ripplex-exec-says-odl-is-killer-value-proposition-to-ripple-net/
Time Stamp: November 20, 2021 12:30 AM - Modified On: November 20, 2021 - Published By:
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Republished By Plato

Despite the ongoing SEC vs Ripple Labs lawsuit and the market experiencing a dip, Ripple has been making waves in crypto news. During an episode of the Thinking Crypto podcast, RippleX General Manager Monica Long spoke to host Tony Edward about Ripple’s recent performance, multi-chain development, and the XRP Ledger technology. Water, water everywhere Calling ODL the “killer value proposition to Ripple Net,” Long explained, “So you know, ODL’s been in market for a few years now and Q3 was definitely, you know, the most outstanding…And the volume through ODL

Binance integrates Ethereum Layer 2 scaling solution, Arbitrum One

Source Node: https://ambcrypto.com/binance-integrates-ethereum-layer-2-scaling-solution-arbitrum-one/
Time Stamp: November 19, 2021 11:30 PM - Modified On: November 19, 2021 - Published By:
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Republished By Plato

Arbitrum One core network has now been fully integrated by Binance, the cryptocurrency firm announced earlier today. This has paved the way for Ether withdrawals on Arbitrum One Layer 2, which is a scaling solution for the Ethereum network. Arbitrum One is the beta mainnet of a layer-2 optimistic rollup protocol that enables off-chain Ethereum transactions that are faster and cheaper as compared to the Ethereum mainnet. Binance users can now deposit all ERC-20 tokens from the Ethereum network, with the Arbitrum side chain at lower costs, and all users

Israeli Police Arrest Beitar Jerusalem Owner and 7 Suspects in Multimillion-Dollar Crypto Fraud

Source Node: https://news.bitcoin.com/israeli-police-arrest-beitar-jerusalem-owner-7-suspects-multimillion-dollar-crypto-fraud/
Time Stamp: November 19, 2021 10:30 PM - Modified On: November 19, 2021 - Published By:
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Republished By Plato

Israeli police have arrested eight suspects in connection with a cryptocurrency fraud scheme after raiding their homes and seizing evidence. One of the suspects is Moshe Hogeg, a well-known owner of the premier soccer team Beitar Jerusalem Football Club. 8 People Arrested in Crypto Fraud Scheme in Israel Israeli police arrested eight suspects Thursday allegedly stealing tens of millions of shekels in a cryptocurrency fraud scheme. The arrests were made after officers from the police’s Lahav 433 anti-corruption unit raided the suspects’ homes and offices. They gathered evidence and seized