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Bitcoin Rally Provoked by US ETF Launch is ‘Nearly Out of Room to Run’ + More Crypto News
8.1.2024
Source: AdobeStock / Exotic Escape Get your daily, bite-sized digest of blockchain and crypto news – investigating the stories flying under the radar of today’s news. In this edition: BTC Rally Provoked by US ETF Launch is ‘Nearly Out of Room to Run’ India’s Crypto Companies Are Moving...
Avalanche (AVAX) Holds On to 20% December Gain Despite Recent Market Decline
8.1.2024
Avalanche (AVAX) surged in Q4 2023 recording huge gains on institutional inflow and adoption revolving in tokenization drive and wider partnerships. This year, the token has plunged 18% alongside the wider market as top assets including Bitcoin (BTC) and Ethereum (ETH) experienced market...
Solana’s MangoFarmSOL Faces Exit Scam Accusations After Social Media Shutdown
8.1.2024
Source: Adobe/momius Solana’s MangoFarmSOL, a farming protocol on the Solana ecosystem, is speculated to be an exit scam after abruptly deactivating its social media accounts and reports of missing funds. The protocol, which claimed to offer exceptional yield opportunities in the $SOL space...
Binance.US Taps Lesley O’Neill as its New Chief Compliance Officer
8.1.2024
Source: AdobeStock / piter2121 Binance.US, the American subsidiary of global cryptocurrency behemoth Binance, has announced the appointment of Lesley O’Neill as its new Chief Compliance Officer. According to a recent announcement, O’Neill brings a wealth of experience to the role, having...
Digital Currency Group has Settled Over $1 Billion in Debt, Including $700 Million Owed to Bankrupt Genesis
8.1.2024
Source: Digital Currency Group Digital Currency Group (DCG) has successfully settled over $1 billion in debt, including the substantial amount of nearly $700 million owed to its bankrupt subsidiary, Genesis. The announcement came from DCG CEO Barry Silbert, who took to the social media platform...
User Spends $64,000 in Fees to Encode 9 Megabytes of Data on Bitcoin Blockchain
8.1.2024
Image Source: Pixabay An unidentified Bitcoin (BTC) user has invested approximately $64,000 in fees to inscribe nearly 9 megabytes of raw binary data on the Bitcoin blockchain. According to a post on X (formerly Twitter) from the Ordinals explorer Ord.io on January 7, more than 1 Bitcoin...
Bitcoin’s First Wallet Comes Alive: A Sudden $1.17 Million Transaction Unfolds
7.1.2024
Image Source: Adobe An unidentified Bitcoin (BTC) user has sent 26.9 BTC, equivalent to $1.17 million, to the genesis wallet, the first-ever wallet created on the Bitcoin network by Satoshi Nakamoto. The transaction took place on January 5 at 1:52 am Eastern Time and attracted attention due to...
BlackRock’s Bitcoin ETF Awaits Green Light: Approval Anticipated This Wednesday
7.1.2024
Source: Pixabay / tombark The long-awaited approval for a spot Bitcoin exchange-traded fund (ETF) may finally come this Wednesday. BlackRock, the world’s largest asset manager and one of the contenders seeking to launch a spot bitcoin ETF, is reportedly expecting its application to...
Bankruptcy Move: FTX Ventures Cuts Deal with Dave for $100 Million Stake
6.1.2024
Source: Sora Shimazaki / Pexels Dave, a fintech firm specializing in financial services through its mobile application, is set to acquire a $100-million convertible promissory note previously issued to FTX Ventures, the venture capital arm of bankrupt crypto exchange FTX. The deal involves Dave...
ETFs Are Tots Coming, ETFs Are Not Coming, ETFs Are ETFing and 20 Crypto Jokes
6.1.2024
  Source: AdobeStock / Monkey Business This is your weekly digest of top crypto news from Cryptonews.com, followed by a collection of 20 hand-picked crypto jokes. __________ This week in crypto: unsurprisingly, ETF discussions. While Tuttle Capital Management filed for six new Bitcoin ETFs...
Crypto Giant Coinbase to Enhance EU Presence with Key Derivatives Acquisition
6.1.2024
Source: Adobe / Rafael Henrique Coinbase has revealed plans to offer crypto-linked derivatives in the European Union (EU) market. The company has reportedly told CNBC that it has entered into an agreement to acquire an unnamed holding company, which holds a MiFID II license. MiFID II,...
Investors Take Caution Amid Leverage Purge and Delayed Spot Bitcoin ETF Prospects: Expert
5.1.2024
Image by plysuikvv, Adobe Stock Investors have grown more cautious ahead of the US Securities and Exchange Commission’s upcoming decision on the approval of an exchange-traded fund (ETF) linked directly to Bitcoin (BTC). According to Jacob Joseph, a research analyst at CCData, the recent...
Central Bank of Nigeria Approves Africa Stablecoin Consortium to Pilot cNGN Stablecoin in Regulatory Sandbox
5.1.2024
Source: AdobeStock / Faraz The Central Bank of Nigeria (CBN) has granted approval to the Africa Stablecoin Consortium (ASC) to launch the cNGN stablecoin in its regulatory sandbox. The stablecoin is set to be introduced on February 27, 2024, the Africa Stablecoin Consortium, a collaborative effort...
Social Media Buzzes with ‘Buy the Dip’ Calls Following Bitcoin’s Slide
5.1.2024
Source: AdobeStock / REDPIXEL In a recent surge of optimism among cryptocurrency traders, social media platforms have been flooded with calls to “buy the dip” following Bitcoin’s price slide. According to data from blockchain analytics firm Santiment, mentions of the phrase...
Vocal XRP Advocate John Deaton Volunteers to Testify at Crypto Hearing
5.1.2024
Source: Pixabay Renowned crypto lawyer John Deaton has volunteered to testify at a congressional hearing on cryptocurrencies scheduled for January 10. On Thursday, Deaton took to X (formerly Twitter), expressing his willingness to represent the interests of several individual token holders....
Taiwanese Crypto Exchange ACE Founder, Employees Arrested Over Fraud Allegations
5.1.2024
Source: Pixabay Taiwan’s leading crypto exchange ACE and its masterminds have been accused of making false claims around speculative token listings to defraud investors. The local city police on Wednesday conducted multiple raids, arresting ACE founder David Pan, and co-conspirator Lin Nan. A total...
Marathon Digital Mines Record 1,853 BTC in December, up 56% from November
5.1.2024
Source: AdobeStock / Photocreo Bednarek Bitcoin mining company Marathon Digital has set a new production record by mining the highest amount of Bitcoin in a single month. In a press release on January 4, the Florida-based firm announced that it successfully mined 1,853 Bitcoin during December...
Celsius Network Announces Unstaking of Ethereum Holdings to Facilitate Distribution to Creditors
5.1.2024
Source: Adobe/Canva Now-defunct cryptocurrency lender Celsius Network has revealed plans to unstake its Ethereum (ETH) holdings as part of its efforts to distribute assets to creditors. In a recent announcement made on X, Celsius Network shared that it intends to carry out...
US SEC Cites Terraform Case in Coinbase, and Binance Rulings
5.1.2024
Source: Pixabay The US. Securities and Exchange Commission (SEC) has cited the Terraform Labs recent ruling during the Coinbase and Binance hearings strengthening its claim that the cryptocurrency exchanges went against the securities law. On 28 December, the SEC ruled that Terraform Labs tokens...
Biggest Crypto Gainers Today on DEXTools – PEPE, 0XOS, ITX
4.1.2024
Top Crypto Gainers Today on DEXTools Blue chip cryptocurrency markets are recovering on Thursday following Wednesday spot Bitcoin ETF approval FUD/leverage flush out-fuelled pullback, with Bitcoin (BTC) last up more than 3% on the day and back above $44,000 and Ether (ETH) up around 3.5% and eyeing...