December 27, 2023

RenrenBit Founder Sentenced in Prison as China Cracks Down on Crypto Activities

China’s Supreme Procuratorate has dealt a significant blow against illegal cryptocurrency operations by sentencing Zhao Dong, the founder of RenrenBit and a minor shareholder of Bitfinex, to a seven-year prison term. The prominent crypto figure faced charges for running illegal business operations and engaging in unauthorized foreign exchange trading. This move underscores China’s continued crackdown...
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Tether’s USDT Latest ATH, Plans for 2024, and Diverse Projects: CEO Ardoino

Tether, the company behind the popular stablecoin USDT, announced a significant milestone in its growth, with its market value reaching $91 billion. It was also revealed that over 2023, the firm has added approximately $4 billion in excess reserves to its stablecoin’s consolidated reserves, showcasing its commitment to stability and resilience in the volatile digital...
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XRP Price Pumps: Will Ripple Reclaim Market Cap Rank From Solana?

XRP tokens, the native cryptocurrency for the cross-border Ripple Labs network, have traded sideways in a narrow band with support around $0.62 since mid-November. At the same time, SOL used the opportunity, surged by an impressive percentage, and surpassed XRP in terms of market cap ranking. Ripple’s Turn Next After Solana? But the XRP price...
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Exploring the Future of Cryptocurrencies With Australia’s Veteran Bitcoin Exchange

The initial rate of 1 bitcoin was about $0.0009. BTC had a peak value of over $65,000 in 2021. Many people look back at the Bitcoin price from years ago and regret not buying, but investing in hindsight, is always easy. We have lived through the rise and fall of cryptocurrencies again and again. With...
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Thunder Terminal Mitigates Attack, FBI Called in for Investigation: Report

As the holiday season arrives, exploiters seem to be unusually active, and this time, Thunder Terminal fell victim to their efforts, losing $240,000. While the team behind the on-chain trading platform said no private keys or wallets were compromised, the hacker disputes this assertion, insisting on an additional ransom for user data. Holiday Havoc In...
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Haven’s Compass Forges Strategic Partnerships with Beam and Seedify

Haven’s Compass is all set to transform the gaming landscape with an alliance with Beam and Seedify. Nottingham, United Kingdom – November 30, 2023: Ghost Ivy Development Studio, the creative force behind Haven’s Compass, proudly announces a strategic partnership with Beam, the gaming-focused blockchain by Merit Circle and Seedify, a leading blockchain incubator platform. This...
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Taproot Wizards Contributor Rijndael Offers Christmas Gift to Bitcoin Ordinals Critics

The rise and triumph of the Ordinals in 2023 have provoked the ire of Bitcoin maximalists. The surge in transaction fees, in particular, has heightened tensions between the two factions of the Bitcoin community. In an unexpected turn of events, a contributor to Taproot Wizards, a collection featuring inscriptions by Bitcoin Ordinals, claims to have...
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GitHub Glory Returns to Cardano; Avalanche and Optimism Make an Entrance

New findings from crypto analytics firm Santiment provide interesting insights into the development activities of leading crypto assets. The data focuses on the top 10 crypto assets with significant GitHub commits in the last 30 days, with notable progress seen in Cardano, Polkadot, and Kusama. While Cardano reclaimed the top position, Avalanche has secured the...
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MicroStrategy Concludes 2023 with a Massive $615.7 Million Bitcoin Purchase

There’s no stopping MicroStrategy as it continues its accumulation of Bitcoin. In the latest development, the Michael Saylor-founded software developer is concluding 2023 with a strategic move, acquiring 14,620 Bitcoins for approximately $615.7 million at an average price of $42,110 per Bitcoin. As of December 26, 2023, MicroStrategy – which has established itself as the...
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Ripple (XRP) Price Meets Strong Resistance; Traders Evaluate Filecoin (FIL) and Rebel Satoshi ($RBLZ) for Potential 100x Profit

The cryptocurrency market never sleeps, with its constant ebb and flow of developments, price movements, and potential investment opportunities. This week, Chainlink (LINK) made headlines with a significant token unlock, Ripple (XRP) grappled with intense resistance, and top altcoins like Filecoin (FIL) and Rebel Satoshi ($RBLZ) emerged as intriguing contenders for traders eyeing substantial profits....
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Did Grayscale Bend the Knee? S-3 Bitcoin ETF Amendment After Silbert’s Exit Sparks Questions

Grayscale has submitted a modified S-3 filing for the conversion of its GBTC into a spot Bitcoin ETF on the same day of its surprising leadership shuffle. The asset manager reportedly reached a compromise by agreeing to adhere to the US Securities and Exchange Commission’s (SEC) stipulation for cash-only creation and redemption. Grayscale’s Compromise Stirs...
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ETH Could Hit $15K in 2024, But These Ethereum-Related Tokens Will Outperform: Analyst 

On Dec. 26, crypto YouTuber Lark Davis said, “Ethereum is going to make a lot of new millionaires in 2024.” However, he added that those with a lot of ETH, purchased at much lower prices and staked, will do well in the next bull market. But those getting into the market now, with the asset...
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Bitcoin (BTC) $ 97,439.11 4.18%
Ethereum (ETH) $ 3,131.79 0.25%
Tether (USDT) $ 1.00 0.10%
Solana (SOL) $ 241.61 1.36%
BNB (BNB) $ 609.33 1.07%
XRP (XRP) $ 1.13 1.90%
Dogecoin (DOGE) $ 0.382437 2.66%
USDC (USDC) $ 0.999976 0.07%
Lido Staked Ether (STETH) $ 3,128.67 0.26%
Cardano (ADA) $ 0.776893 7.74%