Bitcoin has experienced a significant surge, gaining 7.2% in the past 24 hours. During the Tuesday morning Asian trading session, the leading cryptocurrency reached an intraday high of $45,498. This impressive rally comes after a relatively flat performance over the holiday weekend, signaling a bullish start to the new year. These price movements have propelled
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The United States Securities and Exchange Commission (SEC) is expected to make an announcement in the coming days regarding the approval of spot Bitcoin exchange-traded fund (ETF) applicants. According to sources, the SEC will notify applicants on either January 2nd or January 3rd of their clearance to launch their ETFs. This would provide them with
Cryptocurrency hedge funds have experienced a significant turnaround in 2023, generating an average return of 44% through December 20. This marks a rebound from a 52% loss in 2022 and positions cryptocurrency hedge funds as the best performers among 29 strategies monitored. Despite not matching Bitcoin’s impressive rally of over 150% this year, the positive
India’s stance on cryptocurrency has been a subject of controversy and uncertainty. However, despite these challenges, India has emerged as one of the top markets for digital assets. The latest report by crypto exchange CoinDCX reveals several interesting trends and highlights the country’s position as a global crypto adoption leader. Contrary to expectations, Tier-2 cities
The future of Bitcoin and its potential price movement has been a topic of great interest among investors and financial analysts. As we enter the year 2024, various industry experts have shared their predictions for Bitcoin. These forecasts range from modest gains to incredibly ambitious price targets. In this article, we will analyze some of
In recent years, meme coins have emerged as a volatile yet potentially profitable investment option. Coins like $SHIB, $DOGE, and $SPONGE have made headlines with their massive price surges, attracting both early investors who reaped significant gains and later entrants who faced substantial losses. One of the latest additions to this meme coin niche is
The past 24 hours have been a wild ride for Tellor (TRB), as its price witnessed both a surge and a crash that appeared to be indicative of price manipulation. In a matter of hours, the cryptocurrency soared to over $600 before plummeting down to $137. These drastic price fluctuations were accompanied by an abnormal
In a recent report, it has been suggested that the US Securities and Exchange Commission (SEC) is preparing to inform asset managers about the approval of their Bitcoin ETF applications as early as next week. This news has generated anticipation among investors and cryptocurrency enthusiasts, as the approval of Bitcoin ETFs could have significant implications
In 2023, the landscape of cryptocurrency investments underwent a notable transformation characterized by a significant decline in crypto venture capital (VC) funding. The funding experienced a staggering decrease of 68%, dropping from the previous year’s $33.3 billion to $10.7 billion. This decline, although substantial, positions 2023 as the third-highest year in total crypto investments, surpassing
In the world of cryptocurrency, trust and security are of utmost importance. However, the infamous crypto-hacking group known as Pink Drainer has once again made headlines, this time for their involvement in a highly sophisticated phishing scam. This cyber heist targeted a single victim, resulting in a staggering loss of $4.4 million worth of Chainlink
Coinbase Global, the renowned cryptocurrency exchange, has recently undergone a leadership change within its custody division, according to a report by Bloomberg. This shift includes the departure of Aaron Schnarch, the former CEO of Coinbase Custody, and his replacement by Rick Schonberg in August. Coinbase’s decision to replace Aaron Schnarch with Rick Schonberg aligns with
Catalyx, a crypto trading platform based in Canada, recently experienced a security breach resulting in the loss of customer funds. This incident has raised concerns about the platform’s security measures and has led to temporary suspension of trading activities and asset withdrawals. While there is limited information available about the exact extent of the loss,
The release of ChatGPT by OpenAI just over one year ago sparked a revolution in Artificial Intelligence (AI). As AI continues to dominate the cryptocurrency market, traders are eagerly investing in projects that offer strong AI-based use cases. One such project that has gained significant traction is Launchpad XYZ. Launchpad XYZ aims to revolutionize crypto
Bitfinex, a leading cryptocurrency exchange, has released its year-end Alpha report, in which it predicts a significant growth in the total market capitalization of the cryptocurrency market. Despite the challenges faced in 2023, Bitfinex remains optimistic about the resilience and potential growth of Bitcoin and other crypto assets. According to Bitfinex’s prediction, the total market
The world of Non-Fungible Tokens (NFTs) and blockchain gaming is experiencing a surge in popularity, and as we approach 2024, this trend shows no signs of slowing down. In the coming years, several key trends are set to shape this exciting landscape, driving the adoption of blockchain gaming and revolutionizing the gaming industry as a
Bitcoin price once again failed to surpass the crucial $44,000 resistance zone, which has put it at risk of a potential downside break below the $41,500 level. Despite attempting to gain momentum above the $43,200 level, BTC faced resistance and started a fresh decline. As a result, the price is currently trading below $43,000 and
In a bold and unprecedented move, U.S. Congressman Warren Davidson, alongside House Majority Whip Tom Emmer, has taken a strong stance against SEC Chair Gary Gensler. Citing alleged corruption and abuses of power, Davidson advocates for Gensler’s removal in 2024. This development arises from mounting tensions between the SEC and the digital asset sector throughout
The Coinbase International Exchange recently announced that it has implemented leverage limits of 10X on its perpetual future contracts. This move aims to empower traders to execute more efficient trading strategies. While this development presents new opportunities for investors, it also comes with inherent risks and constraints that must be carefully considered. Coinbase International has
The Chinese government has recently ramped up its efforts to regulate the use of cryptocurrencies in illegal foreign exchange (forex) trading. In a joint statement issued by the Supreme People’s Procuratorate and the State Administration of Foreign Exchange (SAFE) on December 28, authorities called for prosecutors and forex regulators to strengthen supervision in order to
After temporarily scaling back in India, Worldcoin has recently launched its services in Singapore, marking a new chapter for the project. The latest announcement reveals that individuals in Singapore can now verify their “unique humanness” at an Orb. This move comes after the release of World ID 2.0 and the open-sourcing of the Worldcoin iris
A YouTube analyst, known as Crypto Capital Venture, suggests that Cardano (ADA) may be on the verge of a breakout from a multi-week symmetrical triangle pattern. In a detailed analysis of the ADA charts on December 28, the analyst observed the formation of this pattern over the past few weeks. The breaking of Cardano’s upper
In a surprising turn of events, a wallet connected to former U.S. President Donald Trump has been making headlines in the crypto world. According to Arkham Intelligence, an on-chain firm, this wallet has transferred over $2.4 million worth of ether (ETH) to the popular crypto exchange Coinbase. This revelation comes after Arkham Intelligence previously identified
The rapid advancement of artificial intelligence (AI) has had a profound impact on various industries worldwide, revolutionizing processes and enhancing efficiency across sectors such as manufacturing and medicine. Now, the transformative power of AI is extending its reach to the world of cryptocurrency trading and investing. Among the platforms making significant strides in this space
In a surprising move, ARK Invest, the institutional asset management firm led by Cathie Wood, has liquidated all of its remaining holdings in the Grayscale Bitcoin Trust (GBTC), amounting to a total of $200 million. This decision comes at a critical time as the Securities and Exchange Commission (SEC) is expected to make a decision
The co-founder of Ethereum, Vitalik Buterin, has recently put forward a proposal to reduce the strain on the Ethereum blockchain and streamline its proof-of-stake (PoS) consensus. This article will critically analyze Buterin’s proposal and its potential impact on the Ethereum network and its users. One of the main motivations behind Buterin’s proposal is Ethereum’s pursuit
Bitcoin SV (BSV) has experienced a remarkable surge in price recently, benefiting greatly from the bullish sentiment in the cryptocurrency market. With BSV skyrocketing by 53.74% yesterday and an additional 19.03% today, investors are now questioning whether this upward trajectory can be sustained. Analyzing the key technical indicators, it becomes evident that while BSV remains
In recent news, the XRP Ledger (XRPL) has experienced a significant increase in daily transactions, reaching a new record of approximately 4.11 million transactions in a single day. This surpasses the previous record set in November 2021, indicating a surge in user activity and interest in the platform. Accompanying the surge in transactions is a