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Crypto Miners’ Bitcoin Reserves Hit Lowest Level Since May Amidst Increased Selling Pressure
30.12.2023
Source: AdobeStock / Photocreo Bednarek Bitcoin miner reserves have reached their lowest point since May, signaling increased selling pressure as the largest cryptocurrency records a December gain of more than 13%. Data from CryptoQuant indicates that Bitcoin miners’ reserves have been...
Monex Group Secures Majority Stake in Canada-based 3iQ
29.12.2023
Source: Pixabay Japan-based Monex Group is set to acquire a majority stake in Canadian crypto asset manager 3iQ. According to a press release published Thursday, 3iQ will collaborate with Coincheck, a Japanese cryptocurrency exchange acquired by Monex Group back in 2018, to bolster the digital...
ARK Invest Spearheads Bitcoin ETF Amendment Rush Ahead of SEC Deadline
29.12.2023
ARK Invest CEO Cathie Wood. Source: ARK Invest Instagram ARK Invest has taken the lead in filing the final Form S-1 amendment for its proposed spot Bitcoin exchange-traded fund (ETF) ahead of a deadline set by the US Securities and Exchange Commission (SEC). The SEC allegedly set a deadline...
SEC Looks to Enhance Control by Trimming Intermediaries in Spot Bitcoin ETFs: Bloomberg Analyst
29.12.2023
Source: AdobeStock Bloomberg analyst Eric Balchunas has shared insights on the latest requirements imposed by the U.S. Securities and Exchange Commission (SEC) to regulate the involvement of third parties in Spot Bitcoin ETFs through a “cash-create” redemption model. The SEC has set...
Solana Price Prediction as Google Trends Show Rising Interest – Are Investors Shifting Focus to SOL?
29.12.2023
Source: Bing Image Creator Solana (SOL) bulls are fighting back, with the token holding to the north of the key psychologically important $100 level on Friday, despite choppy and unpredictable trading conditions across the broader crypto market thanks to massive end-of-year option expiries. Despite...
Bullish Sentiment Grows as Centralized Exchanges See Record Outflows in 12 Months
29.12.2023
Source: Adobe / Luisa Cryptocurrency traders maintain a bullish drive to end the year with another positive on-chain metric going into 2024 as favorable market forces boost optimism. Data from blockchain analytics firm, Glassnode shows over $1.1 billion net outflows from centralized exchanges...
Crypto Ban in Nigeria Stalls eNaira Adoption Despite Global Recognition
29.12.2023
Source: AdobeStock Chinedu Albert, a legal expert specializing in Nigerian tech and innovation, has attributed the challenges facing the adoption of the eNaira, the Central Bank of Nigeria’s digital currency (CBDC), to a previous crypto ban. In an exclusive interview with Cointelegraph...
India's Local Crypto and Web3 Advocacy Body Asked for Action Against Offshore Entities: Source
29.12.2023
The Bharat Web3 Association's (BWA) Chairman wrote the letter to the Indian government on Dec. 16
Avalanche Foundation Dives into Memecoin Market with $100 Million NFT Initiative
29.12.2023
Source: Avalanche The Avalanche Foundation, the nonprofit organization overseeing the development of the Avalanche Network, aims to allocate its $100 million non-fungible token (NFT) incubator fund to purchase memecoins. The move is part of the foundation’s “Culture Catalyst”...
CryptoQuant Report: ETF Approval Could Lead to “Sell the News” Price Action for Bitcoin
29.12.2023
Source: Adobe / Anna Coco The expected approval of a spot Bitcoin exchange-traded fund (ETF) in January might not translate into a price surge for the cryptocurrency, according to a note by blockchain data firm CryptoQuant. The note, which was shared with CoinDesk, suggested that the approval...
Bitcoin is a ‘Screaming Buy’ for 2024, VanEck Says + More News
29.12.2023
Source: AdobeStock / GoodPics Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. In this edition: Bitcoin is a ‘Screaming Buy’ for 2024 – VanEck Hong Kong is Preparing OTC Exchange Regulations, Following Cases...
Indonesian Authorities Raid Ten Crypto Mining Facilities for Energy Theft
29.12.2023
Source: AdobeStock / Photocreo Bednarek Indonesian authorities crack down on ten Bitcoin (BTC) mining sites for stealing energy from the national grid to power mining operations in the country. According to reports from local media outlets, the government moved in on ten crypto mining sites whose...
China Tightens Grip on Cryptocurrency Trading, Targets Use of Tether in Foreign Exchange
29.12.2023
Source: AdobeStock / Wit Chinese authorities have issued a stern directive for an enhanced crackdown on the use of cryptocurrencies, emphasizing their role in illegal foreign exchange trading as part of ongoing efforts to mitigate financial risks. In a joint statement released on Wednesday,...
OKX Crypto Exchange Announces Plans to Delist Privacy Coins in 2024 – What’s Going On?
29.12.2023
Source: AdobeStock / Krakenimages.com Crypto exchange OKX will delist eight privacy-focused coins in a few days. These include monero (XMR), zcash (ZEC). and dash (DASH), among others. According to the press release, besides the above-mentioned XMR, ZEC, and DASH, the move will also affect...
Binance Reports 30% Surge in Users, Facilitates 18% More Trades in 2023, Emphasizes Compliance Strengthening
29.12.2023
Source: AdobeStock / prima91 Binance, the world’s largest cryptocurrency trading platform, has reported substantial growth in its user base, experiencing a 30% increase in users in 2023 while emphasizing its compliance with various regulations. According to its recently released year-end...
Blockchain Security Firm Says Pink Drainer Responsible for $4.4 Million LINK Exploit
29.12.2023
Source: AdobeStock / Tomasz Bidermann Cryptocurrency hacking group, Pink Drainer has been linked to the recent $4.4 million LINK user drain, increasing the number of their victims to 9,068 with a total of $18.7 million stolen. According to on-chain analytics firm Etherscan, another user has fallen...
FTX Debtors Release Estimated Values for Cryptocurrency Claims, Bitcoin Priced at $16,871 per Coin
29.12.2023
Source: Adobe / Александр Поташев FTX Trading Ltd. affiliated debtors have submitted a motion for the entry of an order estimating the value of claims related to digital assets and fiat currency, including customer entitlement claims. In a filing made on December 27 in the United States Bankruptcy...
Catalyx Exchange Halts Operations Post Security Breach, Probing Potential Insider Involvement
29.12.2023
Source: Jason Hafso / Pexels Canadian cryptocurrency exchange Catalyx has temporarily suspended trading and withdrawals on its platform after discovering a security breach that it suspects may involve one of its employees. The exchange said it believes that this breach has resulted in the loss of...
Vitalik Buterin Blames Rising Transaction Fees for Web3’s Drift from Decentralization
29.12.2023
Source: ShutterStock In a recent blog post titled “Make Ethereum Cypherpunk Again,” Ethereum co-founder Vitalik Buterin expressed concerns about the veering trajectory of Web3 from its original vision. Buterin contends that the foundational principles of Web3 have gradually receded...
Terraform Labs CEO Do Kwon Violated US Securities Law, Says Judge
29.12.2023
Source: Terra / YouTube US District Judge Jed Saul Rakoff said on Thursday, Terraform Labs CEO and founder Do Kwon violated the US securities law by failing to register UST and LUNA as securities. Rakoff, a judge at the US District Court Southern District of New York, agreed with the the Securities...