JPMorgan Launches Programmable Payments on JPM Coin
Wall Street giant JPMorgan has officially launched programmable payment functionality on its enterprise blockchain platform JPM Coin, according to Naveen Mallela, head of Onyx coin systems. Mallela said the new solution is a “holy grail” for the JPM Coin platform and he expects it to break new ground in digital finance.
Number of Bitcoin Millionaires Increased 3 Times
According to BitInfoCharts, the number of addresses with more than $1 million in BTC was 23,795 on January 1, and currently stands at 81,925. This shows a 237% increase in the number of addresses in the last 11 months. Not all millionaire wallets belong to individual users, but many belong to crypto exchanges and financial institutions.
Solana in the Spotlight with Updates to his Network
In an episode of The Scoop recorded live at Solana Breakpoint 2023, Federa, Head of Strategy at the Solana Foundation, explained how the Solana team is working through the bear market to continue developing Solana’s technology. According to Federa, Solana’s recent performance improvements have corrected many of the issues that negatively affected Solana’s performance during the 2021 bull.
Near Foundation Partners with Eigen Labs
Near Foundation has partnered with Eigen Labs, the startup developing the Ethereum repurchase protocol Eigen Layer. The collaboration makes Ethereum aggregation cheaper and faster while reducing liquidity fragmentation between Tier 2s. According to the statement, the collaboration aims to create cheaper transactions for Ethereum aggregations. Using low latency cross-aggregation communication, transactions will take place within three to four seconds. In addition, liquidity fragmentation between Tier 2s will be reduced.
Former FTX Executives Launch New Exchange
Several former FTX executives have teamed up to set up a new cryptocurrency exchange in Dubai, specifically focused on what FTX failed to do – securing customer funds. Former FTX lawyer Can Sun will lead the way with Trek Labs, a Dubai-based startup that received a license to offer cryptocurrency services in the region in late October. Backpack Exchang is the name under which Trek Labs will offer these services. According to a November 11 Wall Street Journal report, Sun will get support from former FTX employee Armani Ferrante, who serves as CEO of Trek’s holding company in the British Virgin Islands.
Cardano Founder Aims for Collaboration on Layer 2 Network
Cardano founder Charles Hoskinson has expressed interest in partnering with Kraken to implement a strategic move that could reshape blockchain networks. Hoskinson highlighted the value such a partnership could provide in advancing blockchain technology on the X app on November 12.
XRPL’s ‘fixReducedOffersV1’ Amendment Nears Activation
The countdown to the activation of the “fixReducedOffersV1” change on XRP Ledger (XRPL) has begun, with more than 80% of validators giving their approval. This change represents a significant upgrade for XRPL and it aims to roll out additional features in the coming weeks.
Hackers Exploit Ethereum Feature for Fraud
In a worrying development in the cryptocurrency space, hackers bypassed the Ethereum network’s CREATE2 opcode, bypassing security features in some wallets and leading to significant losses for investors. Blockchain security firm Scam Sniffer has drawn attention to this issue by revealing an alarming trend among cybercriminals.
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BITCOIN(BTC)
Bitcoin is priced at $ 36,891 with a 0.47% loss in value as of today morning hours. It had reached up to $ 38,000 in the past days, but for now it could not provide permanence. BTC, which retreated back to this region after breaking up the rising channel movement we follow, may experience a pullback towards the 36,400 region. In case of a possible pullback, if the 36,400 level is broken downwards, a decline to 36,000 may be possible. If the upward movement continues, we see that the 37,300 level is an important resistance. With the break of this region, a movement towards the 38,000 region can be seen.
ETHEREUM(ETH)
ETH, which lost 0.27% as of morning hours, is priced at $ 2038. ETH, which rose to $ 2130 with the rise on Friday and over the weekend, retreated a little from this level. ETH, which moves momentarily in possible reaction zones, may retreat to 2000 and then to 1970 if it cannot get support from this region. These levels can be followed as possible support levels. If the rise continues, an increase up to $ 2120 can be seen.
RIPPLE(XRP)
XRP is priced at $0.6552 with a 0.92% loss in value as of morning hours. When we analyzed the daily chart, we saw some selling pressure from the 0.72 area. In case of a pullback, we see that the 0.63 zone is an important support level. If it retreats below this level, there may be a retracement towards the 0.6100 region. In case the uptrend starts again, the 0.6950 region can be followed as resistance.
AVALANCHE(AVAX)
AVAX is priced at $ 18.23 with a 3.95% loss in value as of morning hours. AVAX, which rose up to 19 levels with the rise experienced at the weekend, retreated a little. On the short-term chart, we see that 17.90 is an important support level. If it retreats below this level, there may be a retreat to the level of $ 17. In upward movements, 19 and 19.75 levels can be followed as resistance.
SOLANA(SOL)
SOL is priced at $ 58.45 with a 4% gain in value as of morning hours. With the rise experienced at the weekend, SOL, which settled above $ 58 by passing the resistance of $ 46.80 and $ 47, is moving at levels close to the $ 60 resistance zone. With the $ 60 level breaking upwards, it may be possible to see an increase up to $ 65 levels. When we examine the support levels, we come across the $ 55 level. If it falls below this level, a retreat to $ 50 levels may be possible.
CHAINLINK(LINK)
As of morning hours, LINK is pricing at 15.378 with a 4.05% loss in value. LINK, which rose to 16,600 levels with the rise experienced at the weekend, retreated a little with the selling pressure at this level. When we examine the support points, we see that 15,300 is an important level. If it falls below this level, there may be a pullback towards the 14,500 region. Resistance levels are 16,500 and then the $17 region.
ATOM
ATOM is pricing at 9.611 with a 1% gain in value as of morning hours. When we examine the daily chart, we saw a rise with the break of the 8.630 zone. If this movement continues, the 9.950 region appears as resistance. If this region is exceeded, a rise towards the 10,250 region may be possible. As a support zone, the 9.400 region appears. With a downward break of this level, there may be a retreat to the $ 9 level.
PNG
PNG is priced at $ 0.094291 with a 68% gain in value as of morning hours. When we examine the daily chart, we see that there is a good rise with the upward break of the 0.028000 zone. PNG, which is momentarily moving near the 0.107038 resistance zone, may move towards the 0.126850 region if it breaks through this resistance zone. In case of a pullback, there may be a retracement towards the 0.08000 level.
