The market share of the world’s largest cryptocurrency exchange Binance has recovered significantly after plunging in the second half of 2023 due to several factors, including a massive settlement with U.S. regulators two months ago. According to a tweet from crypto market data provider Kaiko, the market share of the leading trading platform has risen...Read More
In a recent blog post titled “The promise and challenges of crypto + AI applications,” Ethereum co-founder Vitalik Buterin delves into the evolving relationship between cryptocurrency and artificial intelligence (AI). Acknowledging the increasing importance of both technologies over the past decade, Buterin explores potential intersections and synergies between crypto and AI. Shifting Perspectives and Intersections...Read More
In a recent development, Invesco and Galaxy Asset Management have joined the ongoing battle over fees in the spot Bitcoin ETF space. The two companies announced that the Invesco Galaxy Bitcoin ETF (BTCO) will now have an expense ratio of 0.25%, reduced from its previous 0.39%. The fund will waive its fees for the initial...Read More
The industry is bustling with the trading of the newly introduced spot Bitcoin ETF in the United States, yet there’s no equivalent for Ethereum. However, Jag Kooner, Bitfinex’s Head of Derivatives, suggests that the approval of a Bitcoin ETF could impact the SEC’s view on an Ethereum ETF, likely influenced by Ether’s classification as a security...Read More
The Bitcoin network is rapidly evolving, and its on-chain fundamentals have changed completely compared to the last bull run in 2021. The two most important upgrades on the network – Taproot and SegWit – are seeing increased user adoption despite challenges in the market. According to an update by CryptoQuant CEO Ki Young Ju, Taproot...Read More
Bitcoin market price movements have historically followed similar patterns leading up to the four-year halving event. There is usually a mid-cycle top, then a pullback of as much as 30% before the halving and the next bull cycle. On Jan. 30, crypto analyst “Rekt Capital” said that the pre-halving period where pullbacks tend to occur...Read More
The primary focus continues to be on spot Bitcoin ETFs and Hong Kong players do not want to be left behind. Harvest Fund Management’s Hong Kong branch is the latest entity to apply for a spot Bitcoin exchange-traded fund (ETF) with local regulators. This move aligns with Hong Kong’s preparations for its first wave of...Read More
Anthony Scaramucci – founder of SkyBridge Capital – predicts that the next Bitcoin (BTC) halving will catapult the asset’s price to $170,000 per coin. His latest estimate is based on Bitcoin’s consistent track record of tapping new all-time highs following the “halving” – a roughly one-in-four-year event that cuts the rate at which new BTC...Read More
Ripple’s Chief Technology Officer, David Schwartz, has shown his support for the proposed governance changes within the XRP Ledger Foundation (XRPLF). The move comes in response to a comprehensive proposal by XRP Ledger developer David Fuelling, aiming to enhance transparency and decentralization within the XRPL governance systems. Open Dialogue and Community Involvement In a recent...Read More
Tether’s (USDT) circulating supply has long been a subject of intense speculation regarding its potential impact on the price of Bitcoin. Recent findings from CryptoQuant suggest a significant correlation between the supply of USDT and movements in Bitcoin’s price, particularly since the latter part of 2022. USDT Influx Fuels Bitcoin Surge The analysis indicated that...Read More
Ripple’s correction in January was a significant event because it enjoyed key support at the $0.62 level for the two months spanning November and December. Furthermore, over that time period, XRP charted a falling wedge pattern, often a technical indicator of a reversal to a bullish trend. All the major Ripple news over that time...Read More
On Monday, January 29, Google is set to update its advertising policies to allow select cryptocurrency products to be promoted on its main search engine. The revised guidelines are expected to significantly impact spot Bitcoin exchange-traded funds (ETFs), with industry insiders speculating that they may align well with the updated criteria. Google’s Policy Update The...Read More
The United States Financial Industry Regulatory Authority (FINRA) has revealed that about 70% of retail communications concerning cryptocurrencies violate its rule of misleading claims. According to an official report, FINRA identified communications that failed to provide sound bases for evaluating digital assets by excluding explanations of how they are issued, held, transferred, and sold. Misleading...Read More
A vast majority of European residents have expressed optimism and confidence about the future of the cryptocurrency sector. According to a Binance Survey targeting users in France, Italy, Spain, and Sweden, around 73% of respondents are positive about the future of digital assets. A Trend of Optimism The world’s largest crypto exchange surveyed 10,498 individuals...Read More
In short, an overbought market after months of increasing certainty about the SEC’s Bitcoin ETF approvals burst in January and allowed the price to correct some. Historical #Bitcoin prices for today, January 26th: 2024 – $41,1742023 – $23,0162022 – $36,8002021 – $32,5022020 – $8,6082019 – $3,5712018 – $11,1182017 – $9162016 – $3902015 – $2692014 –...Read More
Bitcoin is back above $42,000 after dropping below the $ 39,000 threshold earlier this week. The subsequent increased selling pressure on Bitcoin was alarming, but the overall sentiment appears to be bullish nonetheless. This was evidenced by Bitcoin accumulation wallets, which are now holding an impressive 1.7 million BTC, valued at $68 billion, according to...Read More
According to CC15Capital, which has been trading spot ETF Bitcoin holdings, around 134,000 BTC has been bought by the nine newly launched funds since Jan. 11. Meanwhile, Bitcoin’s price is pushing above $42K. This stash is currently valued at around $5.6 billion. However, the figure does not include outflows from Grayscale. GBTC holders have been...Read More
In the face of a rising tide of scams and exploits, even CertiK, a security firm that specializes in comprehensive security for blockchains, smart contracts, and Web3, is not immune. Scammers are targeting users by fraudulently latching on the company’s brand, which is dedicated to ensuring the security of digital assets and decentralized technologies. In...Read More
Analysts at market intelligence platform CryptoQuant have revealed that BTC’s price bottoming signal can not be triggered until unrealized profit margins for short-term holders reach -10%. According to the CryptoQuant Institutional Insights weekly crypto report, short-term holders’ profit margins have approached zero, and this has caused ease in selling pressure. However, the leading digital asset...Read More
Apple users have been urged to be vigilant as cybersecurity firm Kaspersky reports a verified macOS exploit targeting the latest operating system version. The exploit is designed to deceive Bitcoin and Exodus wallet users into unwittingly downloading a fraudulent version of the software. Crypto-Stealing Malware Targets macOS Users Kaspersky mentioned that the malware, distributed through...Read More
Polygon, a layer-2 scaling network, nearly matched Ethereum’s user base in 2023, as reported by blockchain analytics firm Flipside. Polygon acquired 15.24 million users that year, coming close to Ethereum’s 15.4 million, with a difference of around 160,000 wallets. Polygon Topped User Acquisition in First Half of 2023 Flipside defines an “acquired” user as someone...Read More
Ethereum’s Shapella hard fork was a controversial upgrade that ignited fears of selling pressure. But the latest data tells a different story. In January 2024, Intotheblock’s data revealed the highest Ethereum staking rate, reaching approximately 30 million ETH staked, accompanied by a staking participation rate of over 24%. This milestone suggested a preference for staking...Read More
Following a previous denial by an Estonian circuit court, the local government has, once again, approved the extradition of two of its citizens suspected of cryptocurrency fraud to the United States. The suspects are accused of running a fake crypto service that defrauded unsuspecting victims of over $500 million. According to local news outlet Postimees,...Read More
According to Manhattan federal prosecutors, Mark Scott, a former partner at the U.S. law firm Locke Lord, has been sentenced to 10 years in prison for his involvement in a $400 million fraudulent cryptocurrency scheme. The sentencing took place on Thursday, and Scott was found guilty of conspiracy to commit money laundering and conspiracy to...Read More
Following the guilty plea of Changpeng Zhao (CZ), founder and former CEO of crypto exchange Binance, in November 2023, several American states have asked the local arm of the trading platform to refrain from servicing their residents. The Wall Street Journal reported that authorities in Florida and Alaska recently instructed Binance.US to cease its services...Read More
A significant shift is occurring in the Bitcoin mining landscape as the fourth halving event approaches, which is set to reduce the supply subsidy of BTC from 6.25 BTC for every block to 3.125 BTC per one. With approximately just 82 days left, Bitcoin miners appear to be selling their reserves, according to the latest...Read More
On January 26, the Twitter account of Staci Warden, the CEO of the Algorand Foundation, was hacked. The breach was announced via an official post by the Algorand Foundation, cautioning the community against interacting with any links or responding to private messages from the compromised account to prevent potential asset theft. Hacker Urges Community to...Read More
The U.K. Supreme Court has rejected Craig Wright’s request to appeal a decision in his legal dispute with popular Bitcoin podcaster Peter McCormack, as reported by a lawyer on Thursday. The recent development seems to be another setback for the Australian computer scientist. Despite his persistent claims of being Satoshi Nakamoto, he has been unable...Read More
Bitcoin is anticipated to undergo a prolonged period of challenges as it seeks to recover lost value and reach previous peak levels, according to investor Chris Burniske. In a recent post on X (formerly Twitter) on January 25, Burniske, currently a partner at the crypto venture capital firm Placeholder, suggested that the price of Bitcoin...Read More
The bankrupt cryptocurrency lender Celsius Network has executed large transfers involving roughly $1 billion in ether (ETH) to centralized crypto exchanges Coinbase and Paxos, probably in preparation for its creditor repayment schedule. According to data from the crypto analytics platform Arkham Intelligence, Celsius moved the funds over 13 transfers, including two test transactions. Celsius Moves...Read More
