Bitcoin plummeted 10% below $42,000 on Friday, triggering $338 million worth of crypto market liquidations. The collapse erased most of the asset’s progress over the past month leading up to the approval of several Bitcoin spot ETFs for public trading in the United States. According to Coinglass, over 101,000 crypto traders have been liquidated in...Read More
Crypto firms faced substantial regulatory action, collectively paying nearly $6 billion in fines primarily due to Anti-Money Laundering (AML) violations and deficiencies in customer checks last year. This marks a significant development, as crypto and fintech groups experienced higher fines for inadequate controls than the entire traditional financial system for the first time. Crypto-Related Fines...Read More
The chairman of the Securities and Exchange Commission (SEC) has doubled down on his criticisms of Bitcoin (BTC) despite approving a slew of exchange-traded funds for the asset earlier this week. During an interview with CNBC on Friday, the chairman argued that Bitcoin boasts few use cases aside from illicit activity, and has ironically trended...Read More
After a challenging decade of attempts, the US Securities and Exchange Commission (SEC) finally approved spot Bitcoin ETFs. These products enable retail customers and traditional financial institutions to access Bitcoin’s price through standard brokerage apps without relying on crypto exchanges. This excitement is being reflected in the prices of altcoins as data indicates a notable...Read More
Proof-of-stake blockchain network Algorand appears to be in a rough season as on-chain metrics show that more than 80% of users holding its native token, ALGO, are in losses. According to a tweet by pseudonymous X user Slim Daddy, data from blockchain intelligence firm IntoTheBlock shows that Algorand is experiencing stress in its profitability, growth,...Read More
Gary Gensler, the Chair of the US Securities and Exchange (SEC), issued cautionary statements to the crypto sector, raising uncertainty about the possibility of the Ether obtaining approval for an ETF similar to Bitcoin. But this has not stopped Ether from surging, which has reached its highest point since May 2022. Perhaps unexpectedly, the approval...Read More
It’s 2024. You’ve set your goals; now it’s time to live them. As Good Perry, the visionary once known as Burberry Perry, highlighted in his No Jumper interview, Joseon isn’t just a digital nation. It’s a relentless pursuit of innovation, a testament to the indomitable spirit of the digital age. Joseon: The Digital Coliseum Joseon...Read More
Ki Young Ju, the founder and CEO of on-chain analytics platform CryptoQuant, believes financial institutions in the United States prefer Circle’s USD Coin (USDC) to Tether’s USDT. In a Friday tweet, Ju revealed that the financial firms are “not too comfortable” with USDT and would rather worldwide crypto users execute their stablecoin transactions in USDC....Read More
[PRESS RELEASE – Paris, France, January 12th, 2024] Decentralized messaging turns StrongBox® into a comprehensive privacy hub for data storage and communication. With fully encrypted data that is never stored on centralized servers, Serenity Shield creates a service for web2 and web3 users alike. Serenity Shield, a multi-chain project delivering secure data storage and digital...Read More
CoinShares announced that it has exercised the option to acquire Valkyrie Funds LLC, the investment advisory arm of the US digital asset manager Valkyrie Investments Inc., which focuses on actively managed cryptocurrency exchange-traded funds. The European investment company stated that the decision to exercise the option is a direct response to the US Securities and...Read More
The legal counsel for Do Kwon, the former CEO of Terra, has requested a postponement of the Securities and Exchange (SEC) trial in the U.S. due to the uncertainty surrounding the timing of his extradition from Montenegro. At the beginning of the year, the SEC brought charges against Kwon, accusing him of leading a fraudulent...Read More
The cryptocurrency market is renowned for its volatility, with prices often swinging dramatically based on a myriad of factors. Yet, amidst this flux, predictions from seasoned analysts can provide a beacon for both seasoned traders and those new to the crypto realm. Recently, a notable crypto influencer, Ben Armstrong, set the community abuzz with his...Read More
All told, there were 700,000 individual trades today in and out of the 11 recently approved spot Bitcoin ETFs, reported industry analyst Eric Balchunas on Jan. 12. This shows that there was substantial demand for the products on the first day, as total volumes were more than $4.3 billion, according to the figures. He added...Read More
[PRESS RELEASE – London, United Kingdom, January 11th, 2024] Socrates, the first SocialFi Debate-to-Earn platform, announces a transformative upgrade with the launch of the Pioneer Pen on January 11th, 2024. This significant development shifts existing ERC-1155 SBT Pens to the ERC-721 Pioneer Pens, bringing the uniqueness and tradability of NFTs to the forefront, which are...Read More
[PRESS RELEASE – Hong Kong, Hong Kong, January 12th, 2024] Addressing the major challenges of user onboarding and maintaining sustainable liquidity incentives in DeFi, alongside the difficulties of retaining users and offering stable incentives outside the gaming environment in GameFi, Wombat Exchange unveils its innovative experiment, “WomPets.” This Gamified DeFi Bribe Market aims to seamlessly...Read More
Bitwise, the manager of a cryptocurrency index fund, has disclosed its commitment to contribute 10% of the proceeds from the Bitwise Bitcoin ETF to support the open-source development of BTC. The decision aligns with the recent approval of the investment product on Wednesday, meeting widespread anticipations within the industry. Bitwise to Fund Bitcoin Development In...Read More
