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RSI and MACD indicators suggest a continued short-term bearish trend for PEPE/USD. Market cap and trading volume for PEPE drop during retracement, signaling reduced investor interest. PEPE (PEPE) faces bearish pressure as the price dips 2.68% in 24 hours, testing support at $0.000001054. Pepe (PEPE) witnessed a retracement during the last 24 hours, with its price falling from an intraday high of $0.000001097 to a 24-hour low of $0.000001054, where it found support. PEPE was priced at $0.000001066 at press time, a 2.68% decline from its intra-day high. During the bearish reign, PEPE’s market capitalization and 24-hour trading volume fell by 2.70% and 16.75%, respectively, to $445.2 million and $42.78 million. This drop in market capitalization and trading volume reflects a fall in investor interest and activity in PEPE during the retracement period. PEPE/USD 24-hour price chart (source: CoinStats) If the bearish trend continues and the $0.0000...

Introduction: Charlie Munger, the vice-chairman of Berkshire Hathaway and mentor to Warren Buffett, passed away on Tuesday at the age of 99. Munger was renowned for his steadfast approach to value investing and his theory of economic “moats.” However, in every interview, he was also unrestrained in his sharp, and at times, “sarcastic” criticism of Bitcoin and cryptocurrencies. His most extreme viewpoint included advocating for a total ban on cryptocurrencies in the United States. By considering all perspectives, this article comprehensively collates Charlie Munger’s views and comments on cryptocurrencies. On November 15, 2023, Munger once again offered sharp criticism of Bitcoin and other cryptocurrencies in an interview with The Wall Street Journal. He regarded crypto assets as a disruptive and unproductive financial invention, comparing the introduction of Bitcoin to throwing a “stink bomb” into the refined formula of traditional finance. https://x.com/NateGeraci/status/172100236072...

A federal judge issues a mixed ruling allowing sealed document filings by Jump Trading. Jump Crypto Holdings is granted confidential treatment for unspecified materials based on counsel arguments. Jump Crypto became embroiled in the legal controversy surrounding Terra’s stablecoin collapse. A federal judge overseeing the U.S. Securities and Exchange Commission‘s legal battle against Terraform Labs issued a mixed ruling permitting sealed document filings by crypto investment firm Jump Trading. Jump Trading subsidiary Jump Crypto Holdings was granted confidential treatment of unspecified materials based on arguments by counsel. However, Judge Jed Rakoff emphasized that the court retains discretion to make those same documents public later during pre-trial discovery or the actual trial. The conditional secrecy award underscores the judiciary’s need to balance transparency demands in high-profile litigation against parties’ interests in...

Over the last five years, out of the 2,817 Web3 games launched, 2,127 have met their demise. In the 2021 bull run, the crypto gaming industry recorded a low failure rate of 45.9%. However, 2022 witnessed a record annual high of 742 dead Web3 games, marking an unprecedented failure rate of 107.1%. The prominent market tracker Coingecko has published a new research report capturing the failures of the crypto-based GameFi industry. According to the report, the GameFi market, once hailed as the future of play-to-earn (P2E) gaming, is facing a crisis with a staggering failure rate of 75.5% among Web3 and crypto-focused games. Specifically, Coingecko disclosed that over the last five years, out of the 2,817 Web3 games launched, 2,127 have met their demise. Per the disclosure, this figure implies three of every four launched games have died down through the years. Coingecko research on GameFi market Furthermore, the study elaborated on the alarming trend, no...

CoinGecko’s study reveals a high failure rate in the Web3 gaming sector, with 75% of games launched in the past five years becoming inactive. A recent CoinGecko study has disclosed that a staggering 2,127 Web3 games, or 75.5% of the total 2,817 launched, have failed in the last five years. This alarming statistic is further accentuated by an average annual failure rate of 80.8% from 2018 to 2023, underscoring the concerning stability of these gaming ventures. Ever wondered how many Web3 games have failed ? Our study shows that approximately 3 out of 4 Web3 games have become inactive in the five years since the emergence of the GameFi niche. Read the full study: https://t.co/qxcJ979Pky pic.twitter.com/qgM2eVjxnB — CoinGecko (@coingecko) November 29, 2023 You might also like: Forbes publishes ‘Under 30 Wall of Shame’ with Sam Bankman-Fried, Caroline Ellison and Martin Shkreli on list 2021 had a lower failure rate of 45.9%, which can be attributed to the bull ...

In a notable upswing, Chainlink (LINK) has experienced a substantial upswing in recent weeks, propelled by heightened network activity and a resurgence in the broader cryptocurrency market following months of stagnation.  Surpassing $16, the altcoin achieved its highest value since April 2022.  While it retraced some gains in subsequent weeks, the enduring enthusiasm for this cryptocurrency is evident, particularly as crypto whales continue to show interest, adding momentum to LINK’s intriguing trajectory. 2,600 whales bought over $100,000 LINK each As pointed out by prominent analyst Ali Martinez on November 29, LINK has been drawing increasingly stronger attention among the crypto whale population. Cryptocurrency Machine learning algorithm predicts Shiba Inu price for Xmas day Cryptocurrency Top 10 cryptocurrencies by development activity in last 30 days Cryptocurrency Cristiano Ronaldo faces lawsuit over promotio...

According to the Philippines SEC, entities involved in promoting or trading on Binance could face up to 21 years of imprisonment and $90,000 in penalties. Cryptocurrency exchange Binance has been operating in the Philippines without the necessary approval or license , according to the local securities regulator . The Philippines Securities and Exchange Commission (SEC) issued a warning against Binance on Nov. 28, informing the public that the exchange is not authorized to sell or offer securities in the country. The announcement emphasized that an exchange like Binance must apply for registration and provide detailed information about offered securities before selling them to the public. Such detailed information includes the issuance price, the nature of securities and other data. Related: Philippines to sell $179M in tokenized treasury bonds for the first time The Philippines’ Securities Regulation Code (SRC) also requires securities issuers to be registered in the country before b...

As Bitcoin (BTC) has seen a massive resurgence this year, Standard Chartered Bank has predicted a $100,000 price by the end of 2024. Indeed, the $820 billion bank shared its forecast while noting that the “crypto spring,” has already begun. The prediction is a reiteration of a forecast that the bank had made in April of this year. The bank stated that Bitcoin would reach six figures by the end of next year. Moreover, that prediction has already been reinforced with the asset increase of 130% so far in 2023. Still, the prediction would require the asset to increase by another 160% in 2024. JUST IN: $820 billion Standard Chartered Bank predicts #Bitcoin will reach $100,000 by the end of 2024. — Watcher.Guru (@WatcherGuru) November 28, 2023 Also Read: Bitcoin: Microstrategy Stock Reaches 2-year High After BTC Surge Standard Chartered Predicts $100,000 Bitcoin in 2024 Following a horrendous year for digital assets in 2022, this year has proven to be ...

Teng’s focus on regulatory compliance could chart a new course for the exchange amid recent legal upheavals. On November 21, 2023, the operator of the Binance cryptocurrency exchange – Binance Holdings Limited – and its head Changpeng Zhao pleaded guilty to a number of charges brought by American regulators. The founder of the exchange, in turn, left the post of CEO and agreed to pay $50m. His place was taken by Richard Teng, formerly the head of regional markets of Binance. Early years of Richard Teng Teng was born in Singapore in 1971. He obtained a Master’s degree in Applied Finance from Western Sydney University and graduated with honors in Accounting from Nanyang Technological University. Additionally, Teng participated in the Wharton School of Business’s executive education program. 30 years in financial services According to official information, Richard Teng joined the Binance team in August 2021 as the CEO of Binance Singapore...

Jito Foundation Launches Governance Token (JTO). Impactful Solana MEV Mitigation by Jito Labs. The JTO token will have a total supply of 1 billion. Jito Foundation, the driving force behind Solana MEV developer Jito,  has made a significant move with the launch of a governance token, JTO. This move aims to not only manage the protocol but also foster development in the Solana ecosystem. With a total supply of 1 billion JTO token s, this initiative seeks to democratize decision-making within the Jito Network, allowing community members to play a pivotal role. Empowering Solana’s liquid staking with JTO tokens In a bid to address challenges posed by Maximum Extractable Value (MEV) on Solana, Jito Labs, backed by the Jito Foundation, has taken a proactive approach by launching a governance token, called JTO, for the Jito Network. 1. Introducing $JTO: A New Era of Community-Led Governance. The Jito Foundation is thrilled to unveil the $JTO govern...

Cathie Wood’s ARK Invest has sold another 43,956 Coinbase shares as the stock hits an 18-month high at $119.7 per share. ARK Invest, one of the companies that filed an application for a spot Bitcoin (BTC) exchange-traded fund (ETF), is again taking profits on its Coinbase (COIN) shares as the stock price surges. On Nov. 27, ARK sold 43,956 Coinbase shares from its ARK Fintech Innovation ETF (ARKF), according to a trade notification seen by Cointelegraph. Coinbase stock reached $119.7 per share at the time of the sale, giving the transaction a value of $5.3 million, data from TradingView shows. Coinbase crypto exchange has seen its shares jump to an 18- month high after rival exchange Binance and its former CEO Changpeng Zhao pleaded guilty to money laundering and sanctions violations in the United States on Nov. 21, 2023. According to data from TradingView, Coinbase stock is up 168% over the past year, surging more than 220% since January 2023. The stock is still down about 70% fr...

Multinational banking giant Standard Chartered has begun offering exchange services for the digital yuan, helping to integrate China’s CBDC into the global financial system. Standard Chartered, a major multinational bank, has recently entered the growing realm of digital currencies by providing exchange services for China’s central bank digital currency (CBDC), the digital yuan. This strategic move aligns the bank with the evolving landscape of global finance, particularly in embracing a state-backed digital currency. Collaborating with City Bank Clearing Services, Standard Chartered’s chinese division is facilitating access to the digital yuan’s interconnection platform. This service encompasses both the recharge and redemption functions, enhancing customer interaction with this novel digital currency. You might also like: Standard Chartered predicts Bitcoin’s future value China’s digital yuan, also known as e-CNY, has been a front-runner in the...

Three gaming executives believe mainstream audiences will play a factor in the overall success and future of Web3 games. Web3 game developers have been battling to gain the attention of mainstream audiences for years, and according to three former gaming executives, that market is essential for the industry’s future.  Video games have become a favorite pastime for a lot of people all over the world and have even evolved into a sport. Overall, there are more than three billion Web2 gamers worldwide as of 2023, according to Exploding Topics. Most are considered casual gamers who play regularly but rarely invest significant time. Jennifer Poulson, who has worked in the gaming industry for 18 years, including at Web2 gaming companies Bandai Namco (Tekken, Elden Ring, PacMan) and Riot Games (League of Legends), believes mainstream audiences are “absolutely” important for the future of Web3 games. Speaking to Cointelegraph, Poulson, who is currently vice president of game partnerships at ...

Delve into the insightful experience and views of Pete Townsend, a renowned figure in the startup and Web3 ecosystem. As an integral part of Techstars, a global seed accelerator known for its significant investments in over 250 Web3 startups, Pete Townsend offers a unique perspective on what it takes to succeed in this rapidly evolving space. His expertise spans from identifying promising startups for accelerator programs to fostering entrepreneurial success through tailored mentorship. With a keen eye on the latest trends and the ever-changing landscape of technology, he shares his thoughts on various aspects of Web3, including gaming, fan platforms, stablecoins, and the importance of a robust startup network. Cointelegraph: Techstars has invested in more than 250 Web3 startups, with Chainalysis, valued at $8.6B, and Arweave being some of the standout names. Can you shed some light on the core criteria you consider when selecting startups for your accelerator programs? Pete Townsend:...

Antoine Riard, who left the Lightning Network in October, argues the Lightning Network is also at risk of becoming increasingly centralized and susceptible to single points of failure and censorship risks. Developers working on the Bitcoin layer 2 Lightning Network have become less security -oriented and more focused on producing cash flow for their investors, argues a former Lightning Network developer. Bitcoin core developer and security researcher Antoine Riard, made headlines last month after leaving the Lightning ecosystem over concerns about a new attack vector called “replacement cycling,” which exploiters could potentially use to steal funds by targeting payment channels. How does a lightning replacement cycling attack work? There's a lot of discussion about this newly discovered vulnerability on the mailing lists, but the actual mechanism is a bit hard to follow. So here's an illustrated primer... 1/n pic.twitter.com/mvvS8bEc5f — mononaut (@mononautical) Octobe...