Author: Editorial Staff

A popular crypto trader is forecasting rallies for Ethereum (ETH), Chainlink (LINK) and an altcoin from the decentralized finance (DeFi) sector. The pseudonymous analyst known as Altcoin Sherpa tells his 184,100 Twitter followers that he expects ETH to at least break through the $1,500 level, about 11% up from current prices.     “ETH: I think this goes to 1500 at a minimum to be honest. This looks like it’s forming a short term bottom overall and I still think looks decent.” Source: Altcoin Sherpa/TwitterAltcoin Sherpa says decentralized oracle network Chainlink also appears to be in a breakout position. Based…

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The announcement follows Tether’s hiring of accounting firm BDO Italia and the stablecoin issuer’s quarterly attestation, which had shown a decrease in treasury bill holdings. Tether’s commercial paper holdings fell to less than $50 million. According to Tether’s CTO, U.S. Treasuries make up a large portion of the company’s assets. Tether CTO Paolo Ardoino tweeted about the portfolio update on Monday. Ardoino was also asked when he expected Tether’s next transparency update to be released, and Tether’s CTO replied: “The turnaround time is usually 45 days – But with the new auditor, we are improving the processes to reduce the…

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The total exposure of top global banks to crypto assets is more than $9.2 billion and of this, Bitcoin and Ethereum have a combined share of more than 50 percent. Banks’ exposure to crypto assets has been spread across three broad categories of crypto holding, custodial services, and crypto wallets and insurances. The Basel Committee on Banking Supervision (BCBS) recently published a report highlighting the exposure to crypto assets of global banks. The Basel Committee has collected some granular information on the bank’s holdings of crypto assets. In total, 19 banks from America, Europe, and other parts of the world…

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Good time management is key to catching opportunities that will get you where you need to go in your crypto journey.At the end of the day, who wants to miss the bus?— Binance (@binance) October 4, 2022(SocialLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter, Instagram and Youtube. The above post is embeded directly from the user’s social media account and LatestLY Staff may not have modified or edited the content body. The views and facts appearing in the social media post do not reflect the opinions of LatestLY, also LatestLY…

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Dogecoin jumped over 8% on Tuesday after news broke that Elon Musk may finally be acquiescing to purchasing Twitter on the deal’s original terms.Musk’s attorneys sent a letter late last night to Twitter, according to Bloomberg, proposing to buy the social media company for his original offer price of $54.20 per share. Within minutes of the news breaking, DOGE shot up 8.1%, to $0.0648 at writing, according to CoinGecko. Dogecoin and Musk have shared a long and deeply intertwined history. For years, the world’s richest man has touted the memecoin in numerous playful tweets that he first claimed were ironic, but…

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Starfish Finance, the DeFi project running on Astar Network, has shared its vision of how NFTs and decentralized finance will coalesce on Polkadot. The community-driven project predicts the worlds of DeFi and NFTs will eventually fuse and form a brighter star, with Starfish Finance ($SEAN) serving as the fortress that hosts this union. Starfish Finance is one of many planets orbiting the Astar Network ecosystem, one of the brightest parachains in the Polkadot galaxy. Living on its primary planet is a starfish named Sean, who has vowed to venture into the galaxy and build new castles. The Starfish protocol is…

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New draft legislation on stablecoins in the United States House of Representatives hproposed to impose a two-year ban on new algorithmically pegged stablecoins like TerraUSD (UST).The proposed legislation would require the Department of the Treasury to conduct a study of stablecoins similar to UST in collaboration with the United States Federal Reserve, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation and the Securities and Exchange Commission. An algorithmic stablecoin is a digital asset whose value is kept steady by an algorithm. While an algorithmic stablecoin is pegged to the value of a real-world asset, it…

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Given the current cryptocurrency market conditions, one potential Cardano price prediction would be that ADA is bullish above a triple bottom level of $0.4180. On the daily timeframe, Cardano has closed a strong green candle, indicating a strong possibility of a bullish reversal. However, a hybrid of mixed fundamentals is limiting ADA’s upside.Nevertheless, its market capitalization of nearly $14.8 billion places it in the top 10 cryptocurrencies. Claims have been made that Cardano’s architecture makes it more efficient at running smart contracts than Ethereum. After all, ADA network creator Charles Hoskinson helped build the infrastructure for the cryptocurrency generally regarded…

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Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content.Uniglo, Avalanche, and Polygon are all looking set for an ultra bull run in the near future. All three coins have seen massive price appreciation in recent months, and all three have strong fundamentals backing them up.Uniglo (GLO)Uniglo, a completely asset-backed social currency built on the Ethereum blockchain, is setting new norms in the DeFi industry and providing market volatility solutions. Uniglo has already increased by 25% despite not yet being available to the public as an ICO.Uniglo’s price increase can be attributed in part to the…

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Chainlink reportedly expanded to more than 1,500 projects over 15 blockchains by the end of the third quarter. Earlier this week, Chainlink also partnered with SWIFT, the interbank messaging system, to work on a cross-chain interoperability protocol. Chainlink’s price has been rising gradually, creating a bear flag pattern on the charts. Chainlink’s oracle networks and data feeds have pushed the project’s presence in the crypto space, which is only improving with every passing day. However, beyond the crypto space too, Chainlink is noticing demand, which is expected to trigger a bullish momentum for the cryptocurrency. Unfortunately, the possibility of the…

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