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With Ethereum experiencing a notable rally over the last month, is $3,000 ETh still a possibility at some point in 2024? The second-largest cryptocurrency by market cap is currently maintaining a position above $2,6000. Moreover, all eyes are on where it could go before the end of the year. ETH STaking recently reached an all-time high in Q3, showing that even more holders are seeking hields. Moreover, several reports have highlighted points of optimism for the cryptocurrency. But is it enough to set a new high for the year over the next three months? Also Read: Ethereum’s Buterin Explains ‘The Surge’: Will ETH Reach 100K TPS? Ethereum to $3,000: Can ETH Sprout a Surge to Pass the Milestone to End the Year? Ethereum has been the victim of a rather underwhelming year. The crypto market has seemingly increased in exposure and prevalence, but that has not yet reached ETH, as it has not experienced the same success as Bitcoin. Yet, there is some hope considering the recent surge in value i

An artificial intelligence (AI) chatbot could soon make history by becoming the first non-human millionaire, with the windfall stemming from the platform’s involvement in the Goatseus Maximus (GOAT) meme coin. The AI chatbot ‘Truth Terminal’ has made $500,000 following a $20,000 initial investment in Solana (SOL)-based meme coin GOAT trading on Raydium, an automated market maker (AMM) platform, an Analysis shared by on-chain analytics platform Arkham in an X post on October 16 indicated. GOAT/SOL on Raydium chart. Source: Arkham The AI chatbot, created by developer Andy Ayrey, was initially designed to autonomously post on X. Notably, Truth Terminal had expressed an interest in working on a token project, leading to the creation of a hypothetical cryptocurrency called ‘GOAT’ on the Solana network. Picks for you Nvidia now worth 11.

Stablecoin issuer Tether Holdings Ltd is reportedly considering venturing into commodity trade financing amid a growing cash pile. According to a Bloomberg report, Tether Holdings, which generated $5.2 billion in net profits in the first half of 2024, is exploring the possibility of providing loans to commodities trading firms. Citing ‘people familiar with the matter,’ the report says that Tether has entered discussions with several commodities trading companies with a view of offering US dollar loans to the sector. Tether Ceo Paolo Ardoino tells Bloomberg he believes the opportunities in the commodities trading sector will be “massive in the future.” “We likely are not going to disclose how much we intend to invest in commodity trading. We are still defining the strategy. We are interested in exploring different commodity trading possibilities.” Bloomberg’s anonymous sources say Tether has also spoken with commodity trading firms about ways to use its flagship

Italy plans to raise the capital gains tax on cryptocurrencies from 26% to 42%. The new policy reflects a trend among European countries tightening crypto regulations. PM Giorgia Meloni assures no new taxes for citizens despite the proposed increases. Italy is set to increase its capital gains tax on Bitcoin and other cryptocurrencies from 26% to a staggering 42%, according to Vice Economy Minister Maurizio Leo. This announcement was made during a press conference detailing the country’s budget for 2025, where Leo highlighted measures approved by the Council of Ministers aimed at generating additional resources to support families, youth, and businesses. Italian’s new tax policy reclassifies crypto taxation The new tax policy marks a significant shift from the current framework, which has been in place since the 2023 tax year. This change follows a broader reform that reclassifies cryptocurrency taxation, moving away from treating cryptocurrencies as fore

With tech-related stocks continuing to surge, Cloudflare (NET) is on pace for 27% growth in 2024, as it looks to become a key stock option for traders. To this point, the stock is up 12.7% year-to-date (YTD), but is still underperforming throughout the year. Currently, investors are awaiting any insight into a reversal from the sluggish trajectory. The cloud-based network company has become a key leader in security and reliability. With companies like Microsoft (MSGT) and Amazon (AMZN) investing heavily in the industry, its growth is viewed as a certainty. Moreover, Cloudflare is a company with immense potential that is only matched by its lofty ambitions. Source: Investors Business Daily Also Read: Goldman Sachs Sets New Price Target For Nvidia Stock Cloudflare Growth is Present but Sluggish: Is NET Still an Option? As previously stated, cloud computing has surged in popularity in recent years. Amazon Web Services and Microsoft Azure have become leaders in the space. Moreover, they ha

Police in Hong Kong have reportedly broken up a crypto scam that used face-swapping technology to persuade lonely men to part with HK$360 million (US$46 million) via a fake investment platform. According to a statement issued on Monday, police arrested 21 men and six women for their part in the plot that saw them swap their faces with those of beautiful women during video calls to persuade victims to hand over money. Victims included men from Taiwan, China, Singapore, and India. “The syndicate’s operation began with online romance,” said Senior Superintendent Fang Chi-kin, head of the New Territories South regional crime unit. “Following initial contact with victims on social media platforms, they first sent artificially generated photos using AI technology to create attractive individuals in terms of appearance, personality, occupation, education, and other aspects,” he added. “Despite engaging in video calls, the victims continued to believe they were building a romantic relati

Two Tezos (XTZ) investors are taking the IRS to court once again over the agency’s treatment of their staked XTZ tokens. In a new complaint filed with a Tennessee Federal court, Josh and Jessica Jarrett contend that newly minted tokens from staking should only be treated as taxable if they are sold. “New property is not taxable income; instead, taxable income arises from the proceeds from the sale of that new property. In all other contexts, the IRS recognizes that new property is not taxable income. When a taxpayer creates new property—whether a farmer’s crop, an author’s manuscript, or a manufacturer’s product—he is not taxed until he sells it. Only upon sale of new property does income ‘come in.’ As the leading treatise explained in the year that the income tax was introduced, ‘the measure of taxable net income is not the amount or value of the products of the year’s operation, but the net proceeds of sales.'” The Jarretts first sued the IRS on similar gro

Gold fever is no longer limited to China and India, as Americans are buying the precious metal at the supermarket Costco. The accumulation spree was so massive that stocks of gold bars at Costco shelves remain sold out at the moment. Retail investors and regular shoppers are adding the precious metal to their carts as they see it as a safe investment. Also Read: The ‘Everything Crash’: Analyst Predicts Bitcoin To Collapse to $5,000 A recent report from Bloomberg shows that 77% of Costco stores offering gold bars sold out in early October. 46 US States sold out the bars this month and went off the shelves within a week of their placement. Easy Access To Buy Gold Bars At Costco Makes Americans Invest in the Precious Metal Source: Travel + Leisure The accumulation spree comes after China and India purchased thousands of tons of gold in two years. Americans are not holding back and are grabbing the gold bars, as Costco made them available at its stores. Also Read: North American Countries

The performance of several altcoins this week has left several investors reeling in excitement. Several of these investors have taken in significant ROI.  However, many are currently experiencing the gut-wrenching feeling of regret for not buying some of the best altcoins to invest in .  This article is for investors who are thinking of how to invest in altcoins profitably. Our team of analysts at Insidebitcoins has compiled a list of 6 best altcoins to invest in today. It will assist investors in identifying tokens that will yield high returns on investment. It also details a presale token that could offer early investors over 1000x profit when it launches.  6 Best Altcoins To Invest In Today Optimism has recently garnered attention for its impressive performance in facilitating cross-chain transactions. Over the past week, it has exceeded Ethereum in total bridge net inflows. Meanwhile, Chromia has sustained its impressive price movement from last month. It posted a 26.58% increas

A widely followed crypto analyst is staying bullish on Bitcoin (BTC) while updating his outlook on layer-1 blockchain Aptos (APT) and one memecoin that has printed massive gains during the last 10 months. In a new strategy session, crypto trader Altcoin Sherpa tells his 224,300 followers on the social media platform X that key metrics are pointing toward an upcoming bull market for the top crypto asset by market cap. “BTC: should be a decent spot for a bounce. Close enough to the .50 [Fibonacci retracement level]. 200-day exponential moving average (EMA) + wick low. Still bullish until shown otherwise.” Source: Altcoin Sherpa/X Fibonacci retracement is a method of technical Analysis that indicates potential points of support and resistance for an asset. Bitcoin is trading for $62,251 at time of writing, a 2.4% gain during the last day. Moving on smart contract platform Aptos, Sherpa says its chart looks good and that he’s looking to accumulate the asset near

A development that continues the firm’s record-setting ways, BlackRock ($BLK) recently surpassed $11.5 trillion in assets under management. The figure is now a new record, with the asset manager setting a new high for the third straight quarter. Thus far, 2024 has continued to establish them as the most prominent asset managers on the planet. The firm received a notable boost from increased inflows into its exchange-traded funds (ETF). In January, they were one of eleven inaugural issuances of the first crypto-based ETF in the United States. Just a few months later, they featured both a Bitcoin and Ethereum investment option that has only magnified their economic presence. JUST IN: BlackRock $BLK surpasses $11.5 trillion in assets under management. — Watcher.Guru (@WatcherGuru) October 11, 2024 Also Read: Ethena Labs to Launch New Stablecoin Backed by BlackRock BlackRock Assets Under Management Hits Yet Another Record in 2024 There have been few asset managers with the kind of success

Uniswap (UNI) has achieved a commendable milestone by breaking past the $8.20 mark, a recent high that positions it favorably amidst a predominantly bearish trend in the broader cryptocurrency market. This significant price increase reflects growing excitement surrounding UNI and suggests the potential for further gains. UNI Key Statistics Current Price : $8.20 Market Cap : $4.91 billion Trading Volume (24h) : $290.10 million Circulating Supply : 600.29 million UNI Total Supply : 1.00 billion UNI CoinMarketCap Ranking : #21. Uniswap has successfully broken past the $8.20 milestone, underscoring its upward momentum. Currently, it is trading 2.18% above its maximum price over the last 30 days and 7.59% above its 7-day high. This impressive surge is complemented by significant gains from its recent lows, with Uniswap rising 27.07% from its monthly low and 25.34% from its 7-day low. This strong recovery trajectory solidifies Uniswap’s position, poised for further growth. UNI/USD

Author: Meng Yan Translation: WuBlockchain On July 27, during Trump’s 50-minute speech at the Bitcoin conference in Nashville, many considered it another milestone event for the crypto asset industry. However, it was noted afterward that Trump did not mention Ethereum, blockchain, or Web3 at all; the only time Vitalik was mentioned, it was later discovered to be a mishearing. Why didn’t Trump mention Web3? The exact reason is unknown; you might have to ask the person who wrote Trump’s speech, reportedly David Bailey, CEO of Bitcoin Magazine. However, if you view this within the broader context of the entire crypto industry, it becomes easier to understand. In short, Trump’s speech essentially reflected the progressive Bitcoin maximalist stance. Bitcoin and Ethereum are the two leading forces in the crypto industry, often compared side-by-side. However, they are fundamentally different, representing two entirely different ideological camps: Bitcoin embodies “useless utility,” while Ethe