In a fresh analysis, renowned trader Altcoin Sherpa shared his insights on the potential trajectory of Bitcoin BTC/USD and Rollbit RLB/USD, which has already seen a 7,500% upmove in the past year.

With the crypto market’s ever-evolving nature, such predictions are invaluable for investors and enthusiasts alike.

This revelation comes just ahead of the much-anticipated Benzinga’s Future of Digital Assets conference on Nov. 14. The event is set to be a hub for crypto experts, traders, and stakeholders to discuss the future of digital assets, and Altcoin Sherpa’s predictions are likely to be a topic of interest among attendees.

Rollbit, after experiencing a few weeks of stagnation, is gearing…

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What happened: On Thursday a total of 2,041.98 Ether ETH/USD worth $3,287,042, based on the current value of Ethereum at time of publication ($1,609.73), was burned from Ethereum transactions. Burning is when a coin or token is sent to an unusable wallet to remove it from circulation.

Why it matters: On August 5th, 2021, the Ethereum blockchain implemented an important upgrade known as EIP-1159. This Ethereum improvement proposal changed the fee model drastically. Now each transaction includes a variable base fee that adjusts according to the current demand for block space. This base fee is burned, or permanently removed from circulation, lowering the supply of Ether forever.

See Also: How…

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The European Banking Authority (EBA) and the European Securities Markets Authority (ESMA) have jointly rolled out a consultation paper, outlining draft guidelines on the suitability assessment of members of the management body of issuers of asset-referenced tokens (ARTs), commonly known as stablecoins, and crypto-asset service providers (CASPs).

Join The Conversation: Benzinga’s Future of Digital Assets conference on Nov. 14 promises to be a melting pot of insights from financial and crypto luminaries, with discussions expected to revolve around such pivotal regulatory strides and their role in sculpting the digital asset domain’s future.

The guidelines set forth by the EBA and ESMA…

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The U.S. Securities and Exchange Commission (SEC) got a win in its case against Thor Technologies for an unauthorized sale of $2.6 million in crypto asset securities.

The SEC received a default judgment against the company and its founder David Chin.

What Happened: In December 2022, the SEC filed a complaint on Chin and Thor for raising $2.6 million from a diverse group of 1,600 investors (200 of them residing in the U.S.) between March and May 2018, as reported by CoinGape. The funds were generated using the sale of its Thor (THOR) coin to be utilized for its business.

The tokens were meant to be used in a software platform connecting gig economy workers and companies. The project…

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From the very first days of Bitcoin, the community was its key driving force. Even more: it was the only one.

Without any marketing or PR, it was the community that helped transform the anonymous 9-page whitepaper from an obscure cypherpunk list into the functional Bitcoin software we use today. It was the community that propelled Bitcoin across the globe, spreading the knowledge and engaging all sorts of people and businesses that recognize the need for better money.

Bitcoin is a global phenomenon now, but its community is still the gravity center fostering technological development and adoption. It also represents something else: an elusive, yet precious quality that binds very different…

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Over the past 24 hours, Solana’s SOL/USD price has risen 10.1% to $27.06. This continues its positive trend over the past week where it has experienced a 26.0% gain, moving from $21.39 to its current price. As it stands right now, the coin’s all-time high is $259.96.

The chart below compares the price movement and volatility for Solana over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

The trading volume for the coin has increased 318.0% over the past…

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Crypto mining firm Bitdeer Technologies Group BTDR on Friday announced its board of directors sanctioned a new share repurchase initiative, worth around $2 million.

As the crypto industry navigates through dynamic financial landscapes, such strategic financial moves by companies like Bitdeer are anticipated to be a focal topic at Benzinga’s Future of Digital Assets conference on Nov. 14. This event aims to shed light on the ongoing evolutions in the digital asset sector, including the implications of regulatory and market changes on businesses and investors.

The repurchase mechanism permits Bitdeer to acquire its shares via a variety of avenues, encompassing open market and privately…

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Marathon Digital Holdings, Inc. MARA and Riot Platforms, Inc. RIOT shares are trading higher Friday as Bitcoin BTC/USD topped the $30,000 mark for the first time since August.
 

The Details:

Shares of MARA are up by more than 5%, and RIOT shares are up nearly 4% Friday as excitement surrounding the potential approval of a spot Bitcoin ETF approval builds. 

Bitcoin is trading just under $30,000 after breaching the mark and reaching $30,024.42 earlier Friday. 

Earlier this week, Blackrock and Fidelity made amendments to their spot Bitcoin ETF filings, and Grayscale submitted an S-3 filing on similar approval pursuits.

Both Marathon Digital and Riot Platforms have significant short…

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Ras Al Khaimah, celebrated for its cultural heritage, is diversifying its economy by embracing digital assets beyond traditional sectors like tourism. On October 19th, Sheikh Mohammed bin Saud bin Saqr Al Qasimi inaugurated the RAK Digital Assets Oasis (RAK DAO). This economic free zone supports digital asset, blockchain, Web3, and AI companies while offering grant programs and specialized support in tech, marketing, and business development. RAK DAO aims to drive innovation and seize global digital asset opportunities, positioning Ras Al Khaimah as a UAE pioneer, alongside tech hubs in Abu Dhabi and Dubai.