Analysis Crypto by Thebittimes.Com

Messari and its founder came under criticism from Cardano community members over their 2024 crypto report.  Cardano community members accuse the report of deliberately ignoring Cardano.  The members argue Cardano’s several strides, development, and market performance make it worthy of mention. Cryptocurrency market intelligence platform Messari and its founder, Ryan Selkis, came under fire from Cardano community members following their 2024 Messari crypto report. Cardano community members complained that the report largely ignored the Cardano blockchain and its strides this year. A community member pointed out that Cardano had no single mention in the report, despite Bitcoin, Ethereum, and Solana being mentioned 178, 96, and 65 times, respectively. BNB and XRP were also talked about in the report.  Word count in the 2024 Messari crypto report. Bitcoin 178 Ethereum 96 Solana 65 BNB 6 XRP 3 Cardano 0#Cardano $ADA https://t.co/JkJqoHGdDJ ...

A crypto analyst who accurately called the bottom of the 2018 Bitcoin (BTC) bear market is flipping bullish on an altcoin running on the Ethereum (ETH) network. Pseudonymous analyst Bluntz tells his 232,400 followers on the social media platform X that Chainlink (LINK) is flashing multiple bullish reversal signals on the eight-hour chart. The analyst predicts that LINK could rally to a level last seen in January 2022. “Ok LINK swept $13.9 one final time and made the fifth wave down for C and beautiful high time frame bullish divergence as well. I believe this is a major wave four low now in. $20 en route, RIP anyone who capitulated.”  Source: Bluntz/X Bluntz utilizes the Elliott Wave theory, a technical Analysis method that attempts to predict future price action by following crowd psychology that tends to manifest in waves. According to the theory, a bullish asset goes through a five-wave rally with each wave having its own sub-waves. At time of...

The BRICS alliance invited four Arab countries to join the bloc in August this year during the 15th summit in Johannesburg. The three Arab countries inducted into BRICS are Saudi Arabia, the UAE, and Egypt. The other three countries invited to BRICS are Iran, Ethiopia, and Argentina. However, Argentina is the first country to reject BRICS membership as the newly elected president Javier Milei did not wish to be a part of the alliance. Moreover, BRICS is looking to cut ties with the US dollar and diminish its global supremacy. Read here to know how many sectors in the US will be affected if BRICS stops using the dollar. Also Read: BRICS: 150 Countries To Pay Chinese Yuan, Not USD for Loan Repayment? BRICS: 5 New Arab Countries Ready To Join Alliance Source: AFP On the heels of the expansion, five new Arab countries are now looking to join the BRICS alliance. Arab countries are looking to end dependency on the US dollar and promote their local currencies for global trad...

A sanctioned Russian banker sold $19m worth of shares in Copper, a crypto custodian linked to ex-U.K. Chancellor Philip Hammond. As reported by The Guardian, Russian-sanctioned banker Mikhail Klyukin has sold over £15 million (around $19 million) worth of shares in Copper Technologies, a cryptocurrency custodian that named former U.K. Chancellor Philip Hammond as its chair in early 2023. According to the report, the transaction was orchestrated by the London-headquartered firm to address concerns after Mikhail Klyukin — who owns over 2% of the company — was placed on the U.S. sanctions list in March 2022. As of press time, Copper has made no public statements on the matter. In a commentary to The Guardian, a spokesperson for Copper said the firm “had complied with applicable sanctions law at all times, based on external legal advice.” You might also like: EU sanctions Russians from owning crypto businesses Acting as an intermediary, Copper is understood to h...

Bitcoin investment products recorded their first outflows in 12 weeks last week as Solana stole the show with $10.6 million of inflows. Outflows from crypto investment products altogether hit $15.8 million as Bitcoin products lost $32.8 million, CoinShares reported. Solana was the star performer, followed by Cardano with $3 million in inflows and (XRP) with $2.7 million. Bitcoin Outflows Partially Offset By Altcoin Inflows Altcoins bucked the downtrend, seeing US$21m of inflows. The main beneficiaries being Solana, Cardano, XRP and Chainlink. Ethereum (ETH) products though were the other big loser with $4.3 million of outflows while Avalanche (AVAX) products saw a $1 million outflow. Despite the outflows, trading activity remained a strong $3.6 billion, well above the average of $1.6 billion per week for the year. Bitcoin sees $33 million in outflows after 11-week streak of inflows to crypto funds ends https://t.co/1TejyWRW5C — The Block (@TheBlock__) December 18, 2023 C...

Collapsed Crypto exchange FTX apparently owes more to lawyers handling its bankruptcy proceedings than it does to its creditors . This is according to a flurry of recent compensation filings. Filings dating from December 5 to December 16 appear to show that FTX has been billed around $1.45 billion by legal experts so far. This has now outstripped the just over $1.42 billion owed to out-of-pocket customers. The filings also show that FTX has paid lawyers a total of $350 million since bankruptcy proceedings began earlier this year and that from August to October, it shelled out somewhere in the region of $1.4 million per day. That’s $118 million in total or, as calculated by Cointelegraph, $53,000 every hour. Latest numbers from the FTX bankruptcy are interesting: Customer shortfall: $1.422 Billion Bankruptcy fees: $1.45 Billion pic.twitter.com/FhCtFPeQ3z — Jameson Lopp (@lopp) December 17, 2023 Read more: FTX execs want slice of insurance pot to pay attorneys These ...

After an impressive eight-week rally , propelling Bitcoin (BTC) from $27,200 to over $44,000, the cryptocurrency is now facing a possible massive correction. That’s according to analyst Justin Bennett. The “Daily Price Action” host expressed concern about Bitcoin’s current state, emphasizing the significance of staying above $43,300. Meanwhile, rising network fees and debates over Bitcoin Ordinals and BRC-20 tokens add complexity to the crypto landscape. Bitcoin is on the verge of correction   In a recent post on X, Bennett points out a less optimistic outlook for Bitcoin, stating that the BTC price is not looking good below $43,300.  A possible lower high forming and starting to weigh on the trend line support. The next stop is $38,000 on a sustained break.” He highlights the dollar firming up above the 102 support, suggesting potential risk-off scenarios if this trend continues. Not a great look for $BTC while below $43,300. Possible lower high f...