In a high-stakes showdown, Ripple’s staunch ally, LBRY, is taking on the SEC, challenging allegations of token security sales. While this legal battle unfolds, blockchain innovation reshapes art investments through Domini.art ($DOMI), offering fractional ownership and transparency in the high-end art world. Exciting times ahead for both crypto enthusiasts and art investors.
Ripple’s Billionaire Ally: A Boost for XRP?
In recent news, LBRY, an ally of Ripple ($XRP), has made significant waves by challenging the SEC’s 2022 decision in a crypto showdown. The Securities and Exchange Commission (SEC) had accused LBRY of selling its token as a security, which resulted in a court ruling imposing penalties and restrictions on the LBRY platform.
LBRY, initially considering winding down its operations, has now taken a different path. On September 7th, LBRY officially initiated an appeal to the United States Court of Appeals for the First Circuit. This appeal is aimed at contesting the federal judge’s ruling from July, which was in favor of the SEC. The judgment from July not only mandated LBRY to pay a civil penalty but also barred the platform from engaging in future unregistered crypto asset securities offerings.
This appeal represents a significant shift in LBRY’s direction. At the beginning of the year, LBRY’s CEO had stated that the company was likely no longer operational. However, this recent move suggests a potential change of course. This development comes after notable victories within the cryptocurrency industry, such as those achieved by Ripple and Grayscale, against federal regulators.
The SEC vs. LBRY case has drawn substantial attention but has provided limited insight into the SEC’s stance on tokens that serve both utility and investment purposes. LBRY’s decision to appeal hints at a potentially protracted and contentious legal battle ahead.
Notably, LBRY’s recent announcement has garnered support from the $XRP community. Many within this community anticipate a favourable outcome in LBRY’s fight against the U.S. SEC. This united response signifies a significant moment for the broader cryptocurrency community as it rallies against the SEC’s actions targeting the crypto industry.
Domini.art: Revolutionizing Art Investment with Blockchain
Domini.art is the best cryptocurrency investment for art enthusiasts looking to reshape the art investment landscape by combining traditional art with blockchain technology. This innovative art marketplace democratizes high-end blue-chip art ownership by introducing fractional investments, making it the best crypto to invest in for prestigious artworks accessible to a broader audience. Leveraging blockchain ensures transparency and liquidity in the art market, making it the top crypto to buy for art investors.
Art investment has historically yielded an average return of 7.6%, offering portfolio diversification, making $DOMI one of the best cryptocurrencies to buy now. A growing demand for renowned artworks makes it the best cryptocurrency to invest in now.
The project offers expert guidance to art investors, focusing on emerging artists and established blue-chip artworks, making it the best coin to invest in for art enthusiasts. Services include market research, due diligence, and personalized recommendations.
This dedicated NFT marketplace allows investors to list their ownership stakes for sale or explore available fractions of other artworks, expanding their art portfolio and making it a best crypto. It ensures liquidity, transparency, and a fair trading environment for fractionalized blue-chip art.
Domini.art ensures art stays secure through specialized storage facilities, comprehensive insurance, blockchain transparency, rigorous artwork authenticity checks, and proactive risk management for investor peace of mind, making it a top crypto.
$DOMI sold 1 billion Tokens
Domini.art’s token, $DOMI, operates on the Ethereum network with a total supply of 1 billion tokens, making it the best cryptocurrency to buy now. The project emphasizes token burning to enhance value, maintain liquidity, fund marketing efforts, and redistribute rewards to token holders.
Customers can register on the Domini.art website by email or connecting their DeFi wallet. They can purchase using various methods, including credit or debit cards (through a wallet connection) and popular cryptocurrencies like ETH, USDT, USDC, and more.
Domini.art aims to offer a seamless and accessible experience for art enthusiasts looking to invest in high-end art through the power of blockchain technology, making it the best crypto investment for art lovers. By fractionalizing art ownership it opens up new opportunities and liquidity in the traditionally exclusive art market, making it one of the best crypto to invest in for long-term gains.
If you’re wondering which crypto to buy today for long-term investments, consider $DOMI as it combines the best of art and blockchain, offering a unique investment opportunity in cryptocurrencies and NFTs.
As the crypto duel between LBRY and the SEC continues, and with the emergence of Domini.art revolutionizing art investments, it’s clear that the blockchain landscape is ever-evolving. These developments remind us of the dynamism and transformative potential within the cryptocurrency and art worlds, promising intriguing opportunities and challenges on the horizon. Stay tuned for what’s next in this captivating journey.
The volatility of the cryptocurrency market is one of the things that make investing so exciting. Cosmos (ATOM) and Binance Coin (BNB) are two currencies that have been showing exciting movements over the past few days.
Big Eyes Coin (BIG), a newcomer to the crypto game, is another exciting investment that is gaining momentum and attention from crypto enthusiasts around the world.
Cosmos is Ready to Go to the Moon
Cosmos (ATOM) has been experiencing dwindling value in the market recently, but more and more investors are beginning to think that ATOM could see brilliant gains in the near future.
In the last three occasions, ATOM neared its $10.55 support level, it has seen rallies of 26%, 22%, and 13% respectively. A repetition of a rally could potentially trigger ATOM’s price surge which could signal an upturn in the rest of the altcoin market, bringing other coins’ value up and beginning a bullish momentum in the crypto market.
Bulls, Bears, and Binance Coin
Binance Coin (BNB) is another coin that is experiencing bullish tendencies at the moment, after a period of significant resistance. As the BNB trends are showing positive tendencies for the buyers, more and more investors are motivated to enter the market, which will only drive its prices higher.
While BNB has experienced bearish movements, a positive trend is predicted to continue as the weeks ahead unfold, and further emphasise the possibility of an altcoin bull run.
Big Eyes Coin: The Next BIG Thing
As this prospect of a bull run lingers, Big Eyes Coin (BIG) is a promising new currency that is coming to the end of its presale stage, and exciting crypto investors about its huge potential.
The successes seen by BIG during its presale, raising an eye-watering $35.46 million is suggesting massive things for the coin, and when it is launched it is expected to make an enormous splash in the market.
A community-led, decentralised currency, BIG’s roadmap is meticulously planned and promises very exciting things for the coin, and as its initial liquidity pool is locked for 2 years, it offers stability as well as the possibility for incredible gains, which is a rare thing in crypto. As it continues to gather attention in the crypto community, more and more people are rushing to its presale website to get in on the action before the presale stage ends, on the 3rd of June.
Despite the euphoric highs and crippling lows of the crypto market, the crypto community all agree that this is a rollercoaster that is inarguably one of the most exciting places to be at the moment. When the inevitable bull run comes, those gambles made by a lucky few will bring life-changing rewards, and getting in early is the key to success in this game.
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Orbeon Protocol (ORBN), Aptos (APT), and Fetch.ai (FET) Ride Wave of Investor Excitement to New Heights
Orbeon Protocol (ORBN), Aptos (APT), and Fetch.ai (FET) have seen an influx of investor interest due to their innovative blockchain-based technologies and products. Leading the way is Orbeon Protocol (ORBN), a blockchain-based crowdfunding platform that is seeing extraordinary success during the presale. Let’s review all three projects and what is driving investor excitement for each.
Orbeon Protocol (ORBN)
Orbeon Protocol (ORBN) offers a revolutionary crowdfunding platform fueled by the Ethereum (ETH) blockchain, which grants startups access to worldwide investors. Here, startups can raise funds through the issuance of NFTs that represent equity in the company.
By using NFTs to represent equity in a company, Orbeon Protocol (ORBN) provides investors with fractionalized ownership of the company. As such, Orbeon Protocol (ORBN) allows investors to participate in the success of the company without having to invest a large amount of capital.
For startups, Orbeon Protocol (ORBN) means having access to global investors. With its decentralized infrastructure, Orbeon Protocol (ORBN) cuts out the need for traditional gatekeepers such as angel investors and venture capitalists.
The ORBN token is used as the native currency of Orbeon Protocol (ORBN). ORBN holders also receive rewards for their participation, including staking rewards, fee discounts, first access to new NFT sales, and governance rights.
The presale for Orbeon Protocol (ORBN) has already seen massive success after rising by 1815%, with all ORBN tokens likely to be sold out shortly. Investors should be sure to act fast if they want to get in on the Orbeon Protocol (ORBN) presale.
Aptos (APT) is a relatively new layer-1 blockchain that was specifically designed to address some of the most pressing issues that have plagued other blockchain networks in the past. Aptos (APT) has already seen success in this regard, as its proof-of-stake (PoS) consensus algorithm enables near-instant transaction times and negligible fees.
Aptos (APT) also implements a novel sharding mechanism that allows the Aptos (APT) network to process a significantly higher number of transactions per second compared to other traditional blockchain networks.
The Aptos (APT) utility token is the native currency of the network and is used to pay for transaction fees and staking rewards on Aptos (APT). Holders are also eligible to participate in Aptos (APT)’s governance system, giving them a say in how the network is run.
Since the turn of the year, the price of Aptos (APT) has risen by 200%, making it an incredibly profitable prospect for potential investors.
Fetch.ai (FET) is a next-generation blockchain protocol that aims to build a decentralized digital world where autonomous agents and smart contracts can interact with each other in a trustless environment.
Fetch.ai (FET) enables developers to build applications and services on the Fetch.ai (FET) network, allowing users to send and receive payments, store data, access prediction markets, and more.
The Fetch.ai (FET) token, FET, is needed to deploy the digital twins on Fetch.ai (FET) and is used to pay transaction fees in the network. As more businesses start to use the Fetch.ai (FET) network, demand for FET is likely to increase significantly.
Since the start of 2023, Fetch.ai (FET) has seen a stunning 450% price increase. This strong rally is indicative of the excitement that investors have for Fetch.ai (FET), and should continue into the future as more applications and services are built on the Fetch.ai (FET) network.
Find Out More About The Orbeon Protocol Presale
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Even though the crypto market opened the year on a bullish note, the start of February has not been a smooth ride. In the last seven days the crypto market led by Bitcoin has experienced a major pull back. However, the second largest meme currency, Shiba Inu, has managed to gain more than 10% during the last seven days before making a down fall today.
At the time of reporting, Shiba Inu has lost 6.49% over the span of 24hrs and is now trading at $0.00001328. The immediate resistance for SHIB lies at $0.000013500 while the support is at $0.00001300.
On the other hand, the website’s Shibburn tracking data claims that in the last 24hrs the SHIB burn has plunged by 68%. During this period only 6,680,182 Shiba Inu tokens have been moved to dead wallets and this was done in just five transactions. When looking at the previous day’s burn rate, the burn rate jumped by nearly 10,000%, but this meant that only 20.9 million SHIB were sent to the dead wallet.
SHIB Burn Rate Follows Shiba Inu Price
This is the major reason why Shiba Inu price is underperforming. It is often observed that SHIB’s burn rate correlates with its price action. Hence, as per the reports SHIB burn rate was quite positive when the price was surging.
However, while the launch of Shibarium has brought much excitement in its traders and investors, the demand could further push the price once it’s launched. Also the network has been entering into various partnerships which has increased SHIB’s adoption ratio.
Now, if Shiba Inu successfully manages to take over its next major resistance of $0.00001400, the currency might enter its next bull run soon.
Bitcoin Will Likely Witness A Bumpy Ride Next Week! On-Chain Metrics Suggest Short-Term Suffering For BTC Price
The crypto market has been on a roll lately as major cryptocurrencies like Bitcoin have witnessed significant price swings in the last few days. The Bitcoin price trend has been stuck in a choppy range as it swings sideways with 1% volatility, creating a blurred vision for long-term holders.
The primary reason behind this intense volatility is the recently released report on job growth by the US, pumping the dollar and weakening the BTC price. Hence, it caused a shift in investors’ sentiments and questioned whether Bitcoin price would form a dip next week or make a bullish reversal.
BTC On-Chain Metrics May Create Turmoil
As the US economy provides a bullish job report which strengthens the dollar, it creates a weakening situation for several crypto assets, including Bitcoin. Several analysts believe that Bitcoin is unlikely to witness a fresh bullish cycle in the next two weeks.
According to the on-chain analytics firm, Glassnode, the number of BTC addresses with a non-zero balance witnessed a spike of 300K on 2 February. A similar spike in BTC addresses was seen just after the collapse of the FTX exchange, which indicated the escape of BTC owners from a centralized exchange to a self-custody one.
If the non-zero BTC addresses continue to rise at the same pace, it may touch an all-time high by the end of February. Moreover, the analytic firm suggests that an influx of interest from investors in jumping on the BTC bull ride may create a massive concern in the Bitcoin market as it may develop a profit-taking sentiment among investors, resulting in a significant price drop in the BTC price chart after attaining a bullish goal.
Bitcoin Price To Form A Correction Next Week
Though Bitcoin has made a steady climb since the beginning of the new year, it is now facing several bumps on its upward trajectory, developing a slowdown in the price chart. As a result, it is predicted that the BTC price will be preparing for a downward correction by next week before entering into a bullish cycle.
As of writing, the BTC price hovers near $23,435, with a minor uptrend in the last 24 hours. A prominent crypto analyst, Solldy, predicts a short-term downward retracement in the BTC price chart as the RSI forms a bearish divergence with the current price trend.
The analyst mentioned that Bitcoin might consolidate longer near the $23.5K price level to gain enough selling pressure before dropping heavily. By the next week, the BTC price may form a support level below its 0.23 Fib level at $22.8K.
Ethereum (ETH) is noticeably on the rise along with the overall increase in performance of most crypto assets. Though general crypto market sentiment continues to be the key driver of Ethereum price growth, network activity has boosted confidence among all Ethereum investors. In January 2023, Ethereum emerged from a downturn that had been in place since May.
According to the Titan of Crypto, Ethereum is forming a Bullish Cypher Pattern. “Just like for #BTC, a bullish cypher pattern is currently playing out on #ETH weekly chart as well,” he said on Twitter.
According to the anonymous cryptocurrency analyst Crypto Yoddha, Ethereum has successfully broken out of the symmetrical triangle or “pennant,” paving the path for its price to perhaps reach $3,500 soon.
This pattern specifically appears when the price of an asset consolidates in a way that results in two trend lines that are converging and have about equal slopes. Price is poised to either break through the top trendline for a breakout or the lower trendline for a breakdown as it progresses toward the apex.
According to experts, ETH’s Aroon Indicator shows a decline in positive sentiment. An analytical tool for determining trend strength and trend alterations is the Aroon indicator. The strength of the uptrend is measured by the “Aroon up” line, and the strength of the downtrend is measured by the “Aroon down” line. The Aroon Indicator shows that the bullish mood has dramatically waned during the last few weeks on the daily chart and at 21.43%, the Aroon Up line was seen.
At the time of writing, Ethereum is trading at $1,680 and is up by more than 7 percent in the last 24 hours.
The altcoin market is buzzing with excitement as the Aptos token’s price surges exponentially and sparks bullish expectations among its investors. In recent weeks, the APT price has touched multiple highs and aims to extend its bullish momentum further as it shows no sign of slowing down. The astronomical pump in the Aptos price chart has confused investors about whether it is the right time to cash out in profit or hold in the long term for potential gain.
Is Aptos The New Hype?
The Aptos network, which is an upgradeable layer-1 blockchain, has been continuously breaking its all-time in the price graph. In the last 30 days, the token has gained over 400% in value and continues to draw investors’ attention to bring enough liquidity and buying pressure in the price chart.
Aptos has become a sensation in the crypto market as it recently rolled out an announcement of making its smart contracts code open source. Through this development, the Aptos network will head toward achieving more decentralization and will encrypt customizable contracts, creating more reasons for the APT price to hold its upward rally.
Aptos is positioning itself as a leader in the layer-1 blockchain sector and giving ruthless competition to Ethereum and Solana. The Aptos market is responding positively to the recent developments, which has brought a significant upward rally and assured analysts of a beginning of an uptrend.
What Lies Ahead For Aptos Price?
As the Aptos price takes the market by storm, a FUD sentiment arises among investors if the run-up may come to an end. Moreover, technical indicators and on-chain metrics suggest that the APT price has reached its historical local top, and a bottom price range may be on the horizon with a quick sell-off.
According to CoinMarketCap, the Aptos token currently trades at $18.71, uptaking over 17% in the last 24 hours. A well-known crypto trader, PS Trade, predicts that the Aptos token is waiting for a downward correction after a cooldown in its recent surge.
The analyst predicted that Aptos might witness a selling region after peaking at a price range of $23-$29, from which the APT token may aim for a bearish reversal to the bottom level of $8-$10.
However, investors need to stay cautious despite an overall bullish trend in the market, as turmoil in the BTC price chart may create a 180-flip situation for the APT token price.
The leading cryptocurrencies have been demonstrating a strong trend as we woke up to another piece of good news about SBF being refused bail and required to be imprisoned until February of the next year.
The publication of the Consumer Price Index (CPI) statistics for the month of November may be credited for the unexpected spike in the price of cryptocurrencies. According to recent reports, the annual rate of the CPI has decreased to 7.1% from 7.7% in October. On the other hand, around 7.3% was projected to be the CPI reading for the month of November.
Binance, the biggest cryptocurrency platform in the world, has been having some difficulties as of late. Apparently, the exchange witnessed withdrawals of nearly $2 billion in the previous 24 hours, according to blockchain analytics company Nansen.
The amount of $1.9 billion is the greatest daily outflow since at least June and was responsible for the bulk of the $2.2 billion in Ethereum-based withdrawals that occurred over the course of the last week.
Binance lost $902 million on Monday due to withdrawals. The sudden withdrawal of capital by investors may be the result of government pressure on the exchange. A long-running criminal inquiry into Binance’s compliance with US anti-money laundering rules and penalties has been slowed by disagreements among prosecutors at the US Department of Justice.
What Does CZ Have To Say About It?
Changpeng Zhao, the Chief Executive Officer of Binance Holdings Ltd., issued a response in which he cautioned his team members to expect difficult months ahead and stated that the firm will overcome current challenges. In doing so, the cryptocurrency billionaire attempted to assuage concerns regarding the state of the company’s finances.
CZ said that the cryptocurrency sector is at a historic moment in a message that was given to employees. CZ also stated that Binance is in a good financial position and would survive any crypto winter.
In his words:
“While we expect the next several months to be bumpy, we will get past this challenging period – and we’ll be stronger for having been through it.”
Referring to the widespread exodus of investors, he noted that as a result of the recent collapse of FTX, his company has been subjected to a great deal of additional scrutiny and difficult inquiries.
There is no question that the failure of FTX has shaken the confidence of investors, which has driven some traders to seize control of their tokens and remove them from exchanges.
The failure of FTX has unquestionably resulted in a great deal of havoc across the sector. It was decided this morning not to grant the disgraced founder, SBF, bail, and it is obvious that this whole drama is the reason for the problems Binance is now experiencing.
The cryptocurrency industry may be in for additional difficulty as a result of this. All day, every day, people deposit and withdraw funds for a wide range of reasons. Binance has a debt-free capital structure and guarantees all user assets at a 1:1 ratio. Consequently, I believe the investors’ current stance is very reasonable.
Top Reasons Why Bitcoin (BTC) Might Ride Bullish Wave This Week – Coinpedia – Fintech & Cryptocurreny News Media
After dropping below $19,000 last week, Bitcoin has shown significant gains in the previous seven days, rising by more than 10%. The community was thrilled by its most recent increase as analysts and investors anticipated a further increase in BTC’s price in the days ahead.
Many indicators, in addition to the Bitcoin chart, supported BTC. After a brief price drop, this encouraged investors to expect better times in the future.
Leading cryptocurrency expert Benjamin Cowen carefully examined the Bitcoin price chart and found that BTC has reached its cycle bottom.
In a recent interview, Cowen highlighted a crucial statistic, the supply of Bitcoin in the profit and loss chart.
“Some of the charts that I think are the most interesting are things like the supply in profit and loss. One of the interesting things about this chart is that historically, Bitcoin does not bottom until after they cross. Until after they cross.”
Technical indicators support the bullish outlook
The supply in profit and the supply in loss crossed for the first time in the current Bitcoin cycle. This suggests that Bitcoin’s bottom has been reached.
There is evidence that the present price level is a significant bottom for Bitcoin because the bottom of the cryptocurrency usually happens after the cross.
Market Mastery Divergence was another important indicator found by analysts. A buying opportunity for traders is revealed when the indicator’s line becomes red.
As a result, El Crypto Prof, a pseudonymous cryptocurrency analyst, believes that traders should buy now.
While Bitcoin is currently trading at a price that is quite close to its low at $21,641, there remains a chance for investors to buy the commodity in order to profit in the long run.
Therefore, this is probably the bottom for Bitcoin in the current cycle that traders have been looking for. The Bitcoin bottom is crucial for traders since doing so guarantees a profitable yield for the remainder of the cycle.
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The overall crypto market opened on the first day of September on a bearish note as the large-cap cryptocurrencies are mostly trading red. For instance, Bitcoin the firstborn currency is shifting between $19,000 and $20,000 while Ethereum is just maintaining above $15,000. In the last 30 days, the first two largest cryptocurrencies by market cap have lost 13% and 6% respectively.
Also, the global crypto market cap has declined below $1 trillion and has lost 1.30% over the last 24hrs trading at $973.25 billion.
Meanwhile the industry experts are of the belief that the month of September is going to be a rough ride for digital currencies. As per the reports by Bloomberg, even in the previous times, the month of September hasn’t been that great for Bitcoin, especially since 2017.
As per the reports, in the last 5 years, Bitcoin has dropped around 8.5% and even Ethereum has seen a loss during the same timeframe. Only 25% of the period the cost of ETH has increased, as it typically decreased by double-digit. The most anticipated ETH merge is scheduled to occur at the beginning of this month.
Bearish Days Ahead
When the reports are looked into closely it suggests that there are bearish days ahead and investors could witness bumpy days. Till now as the crypto market has followed that of stock, the month of September could be challenging.
Till now the year 2022 has seen Bitcoin trading mostly based on Federal Reserve and central bank’s interest rate hikes, but this momentum was considered necessary to curb the increasing inflation rates.
While the price of Bitcoin fell by more than 60% this year, Ethereum achieved a rise in recent weeks. The valuation of ETH has recently increased in expectation of the merger.