Toncoin experienced a rally, pushing its native token TON’s price up by around 15% in the last two days, hitting $2.35 on January 15.

CryptosHeadlines Platform Has Launched its Native token Get Waitlisted Now on https://cryptosheadlinestoken.com/
Instead of jumping to conclusions about what might have caused this surge, let’s examine the coin’s technical aspects and on-chain metrics. This analysis will help us understand potential price changes in the upcoming sessions.

Toncoin’s Resistance Challenge and Development Activity
Toncoin is facing a notable hurdle on its chart, encountering a resistance barrier in the range of $2.35 to $3.45. Despite multiple attempts, the token has struggled to convincingly surpass this resistance. Although TON’s price has momentarily exceeded the mentioned barrier, the lack of substantial support from Toncoin bulls has led to retracements each time.

Toncoin price rally. Source: TradingView
Adding to the considerations, data from Defi tracker Defi Llama indicates a recent decline in TON’s development activity. Notably, the number of commits and core developers has decreased since early December. This decrease could potentially result in a diminishing upside bias among investors toward the TON token.

Toncoin commits and developers. Source: DeFiLlama
RedStone Oracles Integrates with TON Blockchain
In a notable development announced on January 12, RedStone Oracles successfully integrated with the TON Blockchain, aiming to bolster its capabilities, particularly in the realm of decentralized finance (DeFi).

RedStone Oracles integration with Toncoin Blockchain. Source: X
The integration process posed unique challenges, primarily stemming from TON’s distinct network characteristics and the intricacies of its programming language, FunC. RedStone overcame these challenges by adapting its data structures and introducing a novel approach to data transmission, tailored to accommodate TON’s specific constraints.
FunC, the programming language employed by TON, differs significantly from more commonly used languages like Solidity or Rust. Notably low-level, FunC’s data structures present inherent limitations. To construct intricate data structures, developers rely on fundamental elements such as tuples, large integers (up to 257 bits), and ‘cells’—a distinctive but complex component in TON’s programming.
RedStone’s Future Plans and Toncoin’s Outlook
Moving ahead, RedStone has ambitious plans, focusing on building a robust relayer system. Additionally, the project aims to create smart contract templates and expand data feeds to foster the growth of decentralized finance (DeFi) on the TON Blockchain. As an oracle, RedStone will play a crucial role in supporting TON’s DeFi ecosystem by providing live price data for assets, enhancing the efficiency of decentralized applications (dApps) built on TON.
However, it’s essential to note that the integration’s success may not single-handedly sustain the ongoing Toncoin rally. The coin’s performance depends on on-chain metrics and the overall crypto market conditions. The upcoming sessions will shed light on potential fluctuations in TON’s value. If the coin fails to overcome the mentioned resistance barrier, the likely target for the Toncoin price would be $2.27, representing a 4% decrease from the current value.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#TON #Bitcoin #Altcoin #CryptocurrencyNews. #CryptoMarket

A recent court filing shows that defunct crypto exchange FTX is more indebted to its bankruptcy lawyers than its creditors.  
Read more on: https://thecryptobasic.com/2023/12/18/ftx-bankruptcy-fees-surpass-amount-owed-to-creditors/
#FTXCase #FTXTrial #CryptocurrencyNews.

🕒 Reading Time: 12 mins
In an unprecedented move, the U.S. government is set to auction off $130 million worth of Bitcoin, seized from Silk Road agents. This substantial sale encompasses two lots: a larger batch of 2,874.9 BTC and a smaller one of 58.7 BTC. The Bitcoins, confiscated from criminal activities, reflect a new chapter in digital asset management and legal proceedings.
The Intriguing Backstory

Seized from Ryan Farace and former Secret Service agent Sean Bridges, these Bitcoins tie back to darknet Xanax sales and corruption within the Silk Road investigation. The U.S. Attorney General, under the US District Court for the District of Maryland's ruling, supervises the auction, shedding light on the government's approach to handling crypto assets linked to criminality.

Market Implications

The auction's impact on the Bitcoin market is a hot topic among investors. While some predict a bearish sentiment due to a temporary increase in supply, others believe the long-term effect will be minimal. This is because the volume of Bitcoin being auctioned is relatively small compared to the market cap. The nature of the buyers, be they institutional or individual, will also play a crucial role in shaping market dynamics.

Regulatory Signals and Investor Perception

The auction is more than just a sale; it's a symbol of the government's growing involvement in the cryptocurrency space. It may impact investor sentiment, especially regarding future regulatory actions in the crypto market. Interestingly, such government auctions can also lend a form of legitimacy to digital assets.
Bitcoin's Current Market Status

At the time of writing, Bitcoin stands at around $41,803, showing a slight recent decrease but maintaining substantial growth over the last six months and year. Considering these trends, the auction might cause short-term fluctuations, but its long-term influence on Bitcoin's trajectory seems limited.
Looking Ahead

While the auction is noteworthy, $BTC long-term predictions hinge on broader factors like technological advancements, adoption rates, regulatory developments, and macroeconomic conditions. The current technical analysis suggests a resilient market, capable of absorbing such events.

Disclaimer
This analysis is not financial advice. Market conditions are subject to rapid changes. For up-to-date information and comprehensive market analysis, consult various financial news sources and experts.
🔄 Stay informed and engaged with the evolving world of cryptocurrencies. Don't forget to follow, like, and share for more insights from The Crypto Sage! Keep the crypto knowledge flowing into the blockchain.
#SilkRoadBitcoin #CryptoAuction #marketanalysis #CryptocurrencyNews. #TrendingTopic

Injective, a decentralized finance (DeFi) app platform, has shared exciting news that they plan to stake 50% of the total supply of INJ tokens. In a recent post on January 15, Injective highlighted the remarkable growth of its monthly staking protocol.

CryptosHeadlines Platform Has Launched its Native token Get Waitlisted Now on https://cryptosheadlinestoken.com/
As of January 14, over 47.7 million tokens are being staked, making up 47.7% of the total supply. The current Annual Percentage Rate (APR) is nearly 16%, specifically 15.96%. Over the past month, there has been a consistent rise in the total staking volume, coupled with an increase in new delegates joining the platform.

Injective’s Staking Milestone and Expert Insights
In response to recent data, the Injective team has made a commitment to stake half of all available tokens in the near future. Notably, a cryptocurrency expert, commenting on the post, highlighted the impressive growth of INJ’s staking share, underscoring its significance as a pivotal moment in the network’s decentralization journey. Should the protocol successfully surpass the 50% staked milestone, it holds the potential for profound implications for token holders and an overall enhancement of the ecosystem’s security.

Injective’s Major Mainnet Update and HKVAC Recognition
Last week, Injective introduced a substantial mainnet update named Volan, with a focus on enhancing scalability, compatibility, and various additional improvements. Regarded by developers as one of the most significant updates in the project’s history, Volan is anticipated to attract more users and accelerate the overall development of the Injective ecosystem.
Adding to the positive developments, The Hong Kong Virtual Asset Rating Agency (HKVAC) has included INJ in its latest list after recent index adjustments. Renowned for rating digital asset trading platforms and crypto market indexes, HKVAC stands as a notable barometer reflecting ongoing shifts in the cryptocurrency market.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#Injective #Bitcoin #Altcoin #CryptocurrencyNews.

Retik Finance wants to connect regular money systems with the new decentralized world. It does this by providing a decentralized payment network and cool features. This makes Retik Finance interesting and appealing to people.

CryptosHeadlines Platform Has Launched its Native token Get Waitlisted Now on https://cryptosheadlinestoken.com/
In the vast world of cryptocurrencies, two tokens, Shiba Inu (SHIB) and Retik Finance (RETIK), stand out as the chosen ones for cryptocurrency whales. Whales are smart players in the ever-changing crypto market, and they’ve decided to invest in these particular currencies. Let’s take a closer look at the journey of Retik Finance and Shiba Inu, exploring what makes them so attractive to these influential cryptocurrency players.

Retik Finance: Pioneering Decentralized Finance (DeFi)
In the realm of cryptocurrencies, Retik Finance emerges as more than just a meme coin, positioning itself as a comprehensive decentralized finance (DeFi) platform. The driving force behind this innovative ecosystem is the $RETIK token, offering users a diverse range of decentralized financial activities. The platform’s mission is to bridge the gap between traditional finance and the decentralized world, introducing a seamless experience for users through the Retik Wallet, DeFi Debit Cards, and Retik Pay.
Retik Finance stands out by integrating cryptocurrency into daily activities, a move crucial for driving adoption and fostering decentralized finance growth. Catering to a broad spectrum of users, from experienced DeFi enthusiasts to newcomers, the platform provides services such as staking, lending, borrowing, and governance features. Notably, Retik Finance gains traction in its presale, with major whale wallets strategically investing in the token as it progresses through 10 different stages, offering substantial profit potential.
Also Read:   Santiment: Short Squeeze May Boost Prices in Two Altcoins
The decentralized payment network reflects Retik Finance’s commitment to innovation. Utilizing open and scalable consensus protocols and lightning network technology, the platform facilitates global cryptocurrency integration into payment scenarios like SwiftPay, combined payments, and subscription payments. Strategic partnerships with global entities such as Mastercard and Verve for DeFi debit card integration contribute to Retik Finance’s appeal to whale wallets, solidifying its position as a significant asset in the crypto space.
Shiba Inu (SHIB): Beyond Meme Coin Status
Shiba Inu, often dubbed the “Dogecoin Killer,” has found favor among regular investors, establishing a unique position with its fun approach and vibrant community. While initially recognized as a meme coin, recent developments suggest a shift toward genuine utility and value in the crypto market, making SHIB an appealing choice for crypto whales. Despite a relatively subdued performance in the past year, SHIB sets the stage for a potential upswing in 2024, with market analysts and platforms hinting at a price increase.
Factors contributing to SHIB’s positive outlook include strategic token burns and integration with traditional financial systems, including the development of DeFi debit cards. These advancements position SHIB as an enticing option for whale wallets seeking diverse opportunities in the market.
Recent initiatives from SHIB, such as the introduction of Shibarium (its own Layer 2 blockchain) and the expansion of its NFT ecosystem, highlight a commitment to utility beyond its meme coin origins. Crypto whales are not only drawn to SHIB’s potential for price appreciation but also to the robust community support it enjoys, known as the “SHIBArmy.” This dedicated community contributes to the continuous hype and unwavering commitment to the token.
Despite challenges related to its vast circulating supply impacting its value, SHIB addresses this concern through the anticipated burn of tokens by its layer-2 network, Shibarium, starting in January. This strategic reduction in supply is expected to lead to a significant price spike, making SHIB an intriguing prospect for crypto whales.
Crypto Whales’ Duel: Retik Finance vs. Shiba Inu
In the vast crypto seas, Retik Finance (RETIK) and Shiba Inu (SHIB) emerge as the exclusive holdings of crypto whales, setting the stage for an intriguing clash. This showdown between the upstart DeFi contender, Retik Finance, and the established meme king, Shiba Inu, unfolds as a significant chapter in the ongoing crypto saga. While the ultimate outcome of this digital duel remains uncertain, one thing is undeniable—the whales have made their positions clear, sending ripples through the turbulent crypto waters.
Retik Finance’s allure to crypto whales lies in its comprehensive DeFi platform, well-structured tokenomics, impressive presale traction, and strategic partnerships. On the flip side, Shiba Inu’s appeal is grounded in its potential for significant upside, the anticipation of a token burn, strategic developments like Shibarium, and a dedicated community that transcends the meme coin narrative.
As the cryptocurrency industry evolves, the strategic choices of whales holding these two tokens signify a belief in their potential and a keen interest in the unique offerings each brings to the crypto table. The ultimate victor in this digital duel remains uncertain, but for now, Retik Finance and Shiba Inu stand as the exclusive choices of crypto whales navigating the unpredictable waters of the cryptocurrency market.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#SHIB #RetikFinance #Bitcoin #Altcoin #CryptocurrencyNews.

In under a day after Indian users lost access to crypto wallet websites like Binance, their mobile apps were also removed from the Google Play Store.

CryptosHeadlines Platform Has Launched its Native token Get Waitlisted Now on https://cryptosheadlinestoken.com/

While there’s no official word from the government, officials from the electronics and information technology ministry mentioned that the decision to have Google take down these apps came after the finance ministry expressed concerns about potential money laundering activities linked to these platforms.
Government Restrictions on Cryptocurrency Platforms in India
The Economic Times reported on Saturday that the Indian government has prohibited access for Indian users to the web platforms of foreign cryptocurrency exchanges and virtual digital asset service providers, including Binance, Kucoin, and OKX. The electronics and IT ministry subsequently issued orders to remove the Android apps of these platforms.
Earlier last week, the ministry had already directed the removal of iOS store apps for these platforms. These actions against digital asset service providers were initiated in the past fortnight based on information from the finance ministry’s Financial Intelligence Unit (FIU), indicating potential involvement in money laundering activities.
FIU Issues Notices to Cryptocurrency Exchanges for Unauthorized Operations
On December 28, the Financial Intelligence Unit (FIU) sent notices to Binance and eight other cryptocurrency exchanges, asking them to explain their activities in India. The notices highlighted concerns that these platforms were operating without proper permissions and not following the necessary anti-money laundering laws.
The FIU not only sought explanations but also suggested to the IT ministry to block the website addresses (URLs) of these platforms. The notices reached Binance’s offices in Seychelles, Cayman Islands, Switzerland, and Singapore. The other eight exchanges that received notices were Kucoin, Huobi, OKX, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfinex.
These platforms had a two-week deadline to respond, which ended on Friday. The FIU’s actions aimed to address worries about potential rule violations and non-compliance with Indian laws related to preventing money laundering.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#PlayStore #Binance #Bitcoin #Altcoin #CryptocurrencyNews.

Dogecoin (DOGE) is getting a new purpose, thanks to Elon Musk, the world’s richest man. It’s been revealed that the popular meme coin will be accepted as a payment method for one of Musk’s upcoming projects.

CryptosHeadlines Platform Has Launched its Native token Get Waitlisted Now on https://cryptosheadlinestoken.com/
A Dogecoin community member known as DogeMemeGirl highlighted that DOGE is set to be accepted at Tesla’s upcoming supercharging station in Hollywood. This information surfaced when another user on X (formerly Twitter) shared an update on the station’s progress, indicating that it might open its doors later this year.

DOGE Payment Option Confirmed for Tesla’s Hollywood Supercharging Station
Elon Musk himself has said that you can use Dogecoin (DOGE) to pay at Tesla’s new supercharging station in Hollywood. He shared this news in a post on X in 2022, and it’s a big deal, especially according to DogeMemeGirl. This means that DOGE is becoming a part of a cool project like the Hollywood station, bringing lots of excitement for the meme coin.
This Hollywood charging station is not just for recharging electric cars; it will also have a cool futuristic diner and a drive-in theater. So, DOGE is not only for buying things but can have many other uses too. The station is in a smart spot, being close to Hollywood, which might make more people notice and use DOGE. These changes could also make DOGE’s price go up, as it hasn’t been changing much lately.

DOGE price at $0.08 | Source: DOGEUSD on Tradingview.com
Elon Musk’s Deepening Connection with DOGE and Future Plans
Elon Musk, who often posts mysterious messages on X about Dogecoin (DOGE), is now showing even more interest in the meme coin. While he hinted at liking DOGE in his puzzling posts, his biography from last year revealed a bigger plan. Musk wants to include DOGE in an “everything app” he’s planning, and this app will also work as a way to make payments.
Hints from Musk’s X platform recently suggest that this payment service might start working this year. This has led people to guess that Dogecoin payments might become a part of X. If this happens, it would be a big deal for DOGE and its community, and it would also confirm Musk’s playful title as the “Dogefather.”
In a recent statement, Musk, the richest person globally, mentioned that he still owns a “bunch of Dogecoin,” showing that his connection with the cryptocurrency is still strong.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#ElonMusk #Altcoin #CryptocurrencyNews. #CryptoMarket