With the fourth halving event scheduled for April this year, speculation about Bitcoin’s future trajectory is rampant. One notable voice in this conversation is Charles Edwards, the founder of hedge fund Capriole Investments, who has made a striking prediction – if Bitcoin’s post-halving returns mimic those of 2020, the market could be witnessing a staggering...Read More
Genesis Global Capital has formally requested authorization from the U.S. Bankruptcy Court for the Southern District of New York to proceed with an extensive sale of its holdings. The crypto lender, currently undergoing bankruptcy proceedings, submitted the new motion seeking approval to sell trust assets valued at approximately $1.6 billion. Genesis Seeks Court Approval for...Read More
Argo Blockchain PLC, a London-based cryptocurrency miner, announced on Monday a drop in Bitcoin production for January, resulting in a 7.81% decline in its shares. The company attributed the decrease in mining output to a 20% decline in daily production compared to December, primarily driven by a 16% drop in Bitcoin-denominated hashprice. Argo Blockchain Shares...Read More
Bitcoin experienced predominantly sideways trading throughout January. The primary cryptocurrency briefly dipped to a low of $38,500, its lowest in two months, before rebounding to surpass $43,000. However, the latest data indicates the emergence of a potential uptrend in prices upon gauging the long-term holders’ movement patterns. Short-term Bitcoin holders may have capitalized on gains...Read More
The bankrupt cryptocurrency exchange FTX is preparing to sell its most significant remaining illiquid asset: an 8% stake in the valuable AI startup Anthropic. The move comes as part of FTX’s broader asset liquidation strategy to meet client obligations, following the recent divestment of funds totaling over $700 million in cryptocurrencies within the last three...Read More
Over the weekend, Bitcoin technical analyst and stock-to-flow model creator “PlanB” said that after the halving, “Bitcoin will be scarcer than gold and real estate.” However, he added that he wouldn’t be surprised if Bitcoin’s market capitalization, currently less than $1 trillion, stayed below gold’s, which is currently less than $10 trillion. With some basic...Read More
Shiba Inu continues achieving impressive milestones in regard to its layer-two scaling solution called Shibarium. The network has recently surpassed the impressive 3 million milestone in terms of blocks produced. Data from Shibariumscan reveals that a new block is added once every few seconds. The total addresses on the network currently stand at 1.3 million,...Read More
Crypto analyst Michaël van de Poppe says altcoin season is “now.” However, according to the MN Trading Consultancy CEO and founder, there are only three months left to make entries at value. The value-based investing and trading analyst with nearly 700K followers on X, wrote in a recent post, “Pretty clear that 3-8 months before...Read More
Last year, the European Union unanimously voted for the Markets in Crypto Assets (MiCA) bill, considered by most to be the first comprehensive piece of legislation addressing the crypto industry as a whole. MiCA is, in itself, part of a larger set of financial laws known as DORA – but it has also given many...Read More
The SlowMist Security team revealed receiving numerous reports of theft. Upon investigation, they found that a significant portion of these thefts were facilitated by deceptive comments under tweets from well-known projects. As such, approximately 80% of comments under tweets from such projects were identified as phishing scam accounts. SlowMist Exposes Phishing Tactics SlowMist also observed...Read More
The cryptocurrency market experienced losses of $1.9 billion in 2023 due to hacks, marking a substantial 93.6% decrease from the previous year. While this appears to be a positive trend, further examination reveals a bleaker outlook, with the frequency and sophistication of attacks on the rise, according to blockchain security auditor Hacken. 2023 Sees Onslaught...Read More
Bitcoin hash rate continues to chart astounding record highs just weeks before the fourth halving. Meanwhile, critics worry Bitcoin mining could be hazardous to the environment. That hasn’t stopped the price from soaring to a multi-year record high of $46,670, 67% of its historical all-time high price of $69,000 in November 2021. However, according to...Read More
Bitcoin’s (BTC) price has recovered after plunging to an undervalued territory a week ago. Amid the price fluctuations, the asset’s demand has remained positive. A weekly report from on-chain analytics platform CryptoQuant shared with CryptoPotato revealed that BTC’s price may have bottomed as its latest descent crushed the short-term holders’ unrealized profit margins to 0%. Bitcoin...Read More
Binance, the world’s largest crypto trading platform, has announced the launch of a marketplace for inscription tokens to facilitate the buying, selling, and minting of a wide range of such assets. According to a press release seen by CryptoPotato, the Binance Inscriptions Marketplace leverages the application programming interface (API) of UniSat, a Bitcoin inscriptions market...Read More
China’s economy grew 5.2% in 2023, but its stock market took a 10% tumble for the year. Meanwhile, some Chinese investors sought shelter in cryptocurrency despite the government’s Bitcoin ban. These brave souls were not unpatriotic, nor was their investment in Bitcoin against the fundamental principles of Chinese communism. In fact, they are on to...Read More
A recently released study by Bitget focusing on the upcoming Bitcoin halving event indicated a positive outlook as market conditions continue to recover. With the Bitcoin halving scheduled for April 2024, investors across the world are carefully analyzing its potential impact on their investment decisions. The research involved a diverse array of contributors hailing from...Read More
The topic of a potential Initial Public Offering by Ripple is not a new one. It’s been a heavily-discussed possibility amongst holders. Most recently, however, Brad Garlinghouse – the CEO of the company – made it clear that taking the company public was not a top priority. However, he also said that they had been...Read More
Colin Murphy – an associate of Canada’s notorious “Crypto King” Aiden Pleterski – was sentenced to 5 months in prison on Friday for contempt of court in Oshawa, Ontario, Canada. Ontario Superior Court Justice Hugh O’Connell found Murphy in contempt for refusing to surrender his iPhone and for deleting its data when a search warrant...Read More
On January 29, Sheikh Mansour Bin Zayed Al Nahyan, Chairman of the Board of the Central Bank of the UAE, marked a momentous occasion by conducting the first-ever cross-border payment using the UAE Central Bank’s digital currency, the ‘Digital Dirham.’ The transaction, amounting to Dh50 million, was executed through the innovative ‘mBridge‘ platform, connecting the...Read More
Hester Peirce, a commissioner for the United States Securities and Exchange Commission (SEC), has expressed her disagreement with the agency’s denial of a petition to amend a rule that prevents defendants from denying any allegations in settlement enforcement actions. According to an official statement from the commissioner, popularly known in the digital asset community as...Read More
Stablecoin issuer Tether experienced a “record-breaking” net profit surge, amounting to $2.85 billion in the fourth quarter of 2023. Around $1 billion of this profit stemmed from net operating gains, largely derived from interests in the US Treasury, with the remainder mainly coming from the appreciation of gold and Bitcoin reserves. Notably, there was a...Read More
The Indian crypto industry is seeking parity, urging fair regulations against foreign exchanges exploiting regulatory gaps amidst dwindling market share for local exchanges while investors face legal uncertainties. With unstable banking ties hindering operations, the sector is currently grappling with hurdles. However, India’s finance minister, Nirmala Sitharaman, refrained from providing any updates on the regulation...Read More
The US Securities and Exchange Commission made history in mid-January when it finally approved nearly a dozen spot BTC ETFs to launch on local exchanges after a decade of delays and rejections. There was a big price run-up ahead of the approvals that resulted in a highly positive Q4 ’23 for BTC. However, the landscape...Read More
Multiple altcoins with relatively large market capitalizations are going to see token unlocks in the upcoming days. These events are normally associated with fluctuating prices because of the shift in the dynamics of supply and demand. However, it’s worth noting that the entities behind them have been through multiple of these in the past years,...Read More
Bitcoin’s price actions in the past several days have been quite uneventful, with little to no movements after last week’s recovery from the sub-$40,000 dip. However, data from Santiment shows that some of the largest investors have been using this moment to move sizeable portions of their holdings. 🐳 #Bitcoin is ranging between $41K and...Read More
Not many cryptocurrency investors think of XRP as an Ethereum competitor. That would be blockchain coins like Solana, Cardano, BNB Coin for Binance Smart Chain (BSC), and Avalanche. Ripple Is A Real Ethereum Competitor XRP Ledger (XRPL), however, extends the RippleNet ecosystem. With it, the cross-border payments platform for easy foreign currency exchange and fast...Read More
A doctored clip of Australian mining magnate and businessman Andrew “Twiggy” Forrest on Facebook represents the newest addition to a series of deepfakes hijacking images of figures in deceptive advertisements, eroding trust in the media. Cybersecurity firm Cybertrace flagged the video Forrest, which appears to be promoting a fake crypto trading platform. Deepfake Deception The...Read More
One of the largest banking groups in Germany intends to launch crypto trading services for interested customers this year. According to a Bloomberg report, the cooperative financial group, comprising more than 700 local banks, a central bank, specialized service providers, and institutions, plans to enter the project’s pilot phase soon. DZ Bank to Lead Crypto...Read More
Meta’s metaverse unit – Reality Labs – recorded its most successful quarter to date despite sustaining significant financial losses. Its recently released Q4 report revealed that the division clocked over $1 billion in revenue in the last quarter of 2023, primarily driven by sales of its Quest headsets and the Ray-Ban Meta smart glasses. Reality...Read More
Thailand’s Securities and Exchange Commission (SEC) has ordered cryptocurrency exchange Zipmex to suspend its trading and brokerage services temporarily. According to an official announcement, Zipmex’s services will remain suspended for 15 days until the firm fixes its financial position and operational issues. Zipmex Ordered to Halt Services The SEC revealed that it issued a letter...Read More
