Bitcoin might seem to have encountered a hurdle after reaching $52,000, but the recent downturn is expected to be short-lived. Matrixport’s latest report suggests that Bitcoin’s target of reaching $63,000 by March 2024 remains feasible. Catalysts supporting this projection include the approval of a Bitcoin spot ETF, the upcoming Bitcoin halving, expectations of an interest...Read More
A US judge has authorized FTX to offload its ownership in Anthropic, an AI startup potentially. The decision came after the failed exchange settled a dispute with a faction of its customers who objected to the sale. Court records show FTX’s intent to sell these shares as part of its supervised asset liquidation to reimburse...Read More
Binance’s native cryptocurrency, BNB, soared to its highest level since November 2022, climbing to over $380, renewing optimism among investors after legal struggles and CZ stepping down from its CEO position. BNB remains the fourth-largest cryptocurrency by market capitalization, peaking at $386 —a 7.70% gain over the past week, according to CoinMarketCap data. Most market...Read More
The price of Bitcoin seems to be losing correlation with ETF inflows and outflows, which is why BTC has remained on the sidelines for the past few days despite institutional adoption gaining momentum. This has become a focal point for investors and analysts. A popular analyst who goes by Titan of Crypto on X recently...Read More
Over the past three weeks, around 700,000 BTC have been transferred to over-the-counter (OTC) desks that are commonly used by miners, according to CryptoQuant CEO Ki Young Ju. Notably, activity has been observed following the approval of a spot Bitcoin exchange-traded fund (ETF). 700,000 BTC Flow to OTC Desks The movement of such a significant...Read More
In 2023, Gyeonggi Province, the most populous province in South Korea, collected millions of dollars from tax evaders by tracking their crypto assets on several centralized exchanges. According to a report by local media Yonhap News Agency, the Gyeonggi Tax Justice Department accrued 6.2 billion won ($4.67 million) in undeclared taxes from evaders by using...Read More
Social media platform Reddit filed an S-1 registration statement with the Securities and Exchange Commission (SEC) on Thursday, in a bid to go public on the New York Stock Exchange (NYSE). The filing revealed that the company has invested some of its “excess cash reserves” into multiple cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH). According...Read More
Aave, the popular decentralized lending platform belonging to the company now known as Avara, will have to look for a new company to provide risk management services following its recently announced split with Gauntlet. The decision was announced by Gauntlet co-founder John Morrow on the AAVE forums yesterday evening. Running The Gauntlet According to Morrow,...Read More
Tech-focused venture giant Andreessen Horowitz (a16z) has invested $100 million in the Ethereum-based EigenLayer, suggesting that VC funding in crypto may be on course for a revival. As reported by Bloomberg on Thursday, a16z was the sole backer of the funding round, which marks the largest investment ever received in EigenLayer by a wide margin....Read More
Vitalik Buterin, the co-founder of Ethereum, recently expressed skepticism regarding the prevailing notion of prioritizing simplicity in Layer 1 (L1) blockchains over Layer 2 (L2) solutions. Buterin disclosed that his confidence in simplifying L1s at the expense of more intricate L2s has diminished significantly over the past five years. Bug Risks in L2 Networks Buterin...Read More
Greg Solano, widely known by his pseudonym “Garga” and co-founder of Yuga Labs, has announced that he will take over as CEO. This announcement comes as Daniel Alegre, former COO of Activision Blizzard and CEO of Yuga Labs, steps down after a tenure of approximately ten months. Crypto-Native Focus The leadership transition was revealed through...Read More
Coinbase is advocating for the Securities and Exchange Commission (SEC) to approve the listing of the Grayscale Ethereum Trust for trading. In a letter submitted in response to a proposed rule change by NYSE Arca, Coinbase expressed strong support for the listing and trading of Grayscale Ethereum Trust (ETHE) shares as an Ethereum Exchange-Traded Fund...Read More
Speaking on CNBC’s Squawk Box on Feb. 21, the American entrepreneur said he thinks Bitcoin prices will reach $150,000 this year. Lee cited three reasons for his bold price prediction, which would involve the asset moving 190% higher than current levels. “You have demand improving with the new ETFs, you have supply shrinking with the...Read More
Michael Saylor, the co-founder and executive chairman of business intelligence firm MicroStrategy, has revealed that he and the company he spearheaded until recently would be buying Bitcoin (BTC) forever, doubling down on his stance as an advocate of the leading digital asset. During an interview with Bloomberg on Tuesday, the MicroStrategy former CEO said he...Read More
Fairshake, a Super PAC supporting candidates favorable to cryptocurrency and blockchain technology, has garnered $4.9 million in funding, with contributions from billionaire brothers Cameron and Tyler Winklevoss. The Winklevoss twins, known for co-founding the Gemini exchange and their significant Bitcoin investments, were early backers of Fairshake. The initial investment dates back to December 18, 2023....Read More
On Feb. 20, the company’s CEO Brian Armstrong reported that Coinbase International Exchange continues to grow, hitting $1 billion in daily volume for the first time. The exchange, which is based in Bermuda, offers crypto perpetual futures trading to professional non-US traders. It was set up outside of the United States due to the ongoing...Read More
Cardano (ADA) is a “shitcoin” without purpose that has no distinct advantage over competitors, according to BitMEX co-founder Arthur Hayes. “Who gives a fuck? Zero?” said Hayes when asked “What about Cardano?” in an interview with Coin Bureau published on Sunday. Cardano Is A Shitcoin, Says Hayes Continuing to describe the cryptocurrency – a top...Read More
Nearly a year after his arrest in Montenegro, Terraform Labs co-founder and former CEO Do Kwon is reportedly set to be extradited to the United States to face criminal charges. Both the United States and South Korea previously submitted extradition requests to Montenegro officials. According to local news outlet Pobjeda, on Feb. 21, the Podgorica...Read More
Brad Garlinghouse, the CEO of financial technology company Ripple Labs, has disclosed that the crypto solutions provider and developer of the Ripple payment protocol would welcome a spot exchange-traded fund (ETF) for the network’s native token, XRP. Ripple to Welcome Spot XRP ETF Speaking on his thoughts about the current state of the crypto industry...Read More
In a recent press release addressing its Nigerian customers, major crypto exchange Binance distanced itself from the rumored currency speculation that is putting downward pressure on the already weak naira. The development comes amid reports of the cryptocurrency exchange earlier placing a cap on USDT sales on its peer-to-peer (P2P) marketplace. Binance Reportedly Under Scrutiny...Read More
Prominent crypto price-tracking website CoinMarketCap announced the first-ever CMC Crypto Awards to celebrate outstanding individuals, products, and initiatives driving the evolution of cryptocurrency and Web3, underscoring the project’s continued prominence in the crypto sphere and commitment to its community. This annual event will take place virtually from February 21st to March 6th. CMC Crypto Awards...Read More
Circle, the company behind the second-largest stablecoin in the world, has announced the end of its support for the TRON network. Although the minting of new USDC on TRON will be stopped effective immediately, support for the stablecoin on this network will continue until February 2025. 1/ We are discontinuing USDC on the TRON blockchain...Read More
According to Bloomberg, the British government is expediting the approval of new regulations for stablecoins and crypto asset staking services, aiming to have these rules passed by lawmakers within the next six months. This statement comes amidst mounting pressure to deliver concrete proposals before an impending general election. Expedited Crypto Legislation Economic Secretary to the...Read More
Tyr Capital Partners, a crypto hedge fund based in Switzerland, is facing accusations of mismanagement from an investor, according to a Financial Times report. Swiss prosecutors have initiated a search of the firm following allegations that started in August 2023 that Tyr Capital disregarded early warnings regarding the collapse of the FTX exchange. Tyr Capital...Read More
A digital Euro CBDC will be “designed for making payments, not for investment,” explained Ulrich Bindseil, Jürgen Schaaf, and Executive Board member Piero Cipollone in a blog post on Feb. 19. They added that many banks worry their customers might withdraw deposits to hold digital Euros instead. “These fears are misplaced,” they stated. The ECB...Read More
In a recent development that’s making headlines, a complete set of 10 Autoglyphs has been acquired for 5,000 ETH, equivalent to approximately $14.6 million. This sale marks the highest NFT sale in the past two years and stands as the fifth-largest purchase on-chain, setting a new benchmark for the value of blockchain-based artworks. The Collection...Read More
An early investment in Worldcoin by the defunct crypto hedge fund Three Arrows Capital, otherwise known as 3AC, may prove profitable for creditors as the former’s token WLD recently reached a new all-time high (ATH), soaring nearly 200% in the last seven days. 3AC’s crypto portfolio currently holds 75 million WLD coins, making the company...Read More
Spot Bitcoin exchange-traded funds (ETFs) have seen steady inflows in the past week, surpassing any other exchange-traded products (ETPs) among the 3,400 trading in the United States. Analysts at crypto exchange Bitfinex revealed in the new Bitfinex Alpha report that the ETFs recorded net positive inflows exceeding $2.2 billion for the second consecutive week between...Read More
With spot Bitcoin ETFs being all the rage, South Korea’s opposing party has a new trick in hand to garner support from the masses ahead of the general election on April 10. According to reports from local news media on Tuesday, the Democratic Party of South Korea is advocating for allowing local citizens to invest...Read More
Web3 infrastructure development firm COTI announced the successful demonstration of garbled circuits on the blockchain ahead of its privacy-centric Ethereum-based layer-2 network COTI V2 launch in April. According to a press release sent to CryptoPotato, COTI deployed the Garbled Circuits in collaboration with its partner Soda Labs, creating a mechanism that performs the computations using...Read More
