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Crypto Stocks Surge as Analyst Says ‘Not The Time to Turn Bearish’ on Bitcoin
26.1.2024
Bitcoin’s recovery has relieved investors as crypto stocks also post gains. Image by rybindmitriy, Adobe Stock. The crypto market experienced whiplash this week, with Bitcoin and related crypto stocks seeing a sharp selloff followed by a big rebound. After falling below $39,000 early in...
Avalanche Foundation Embraces Meme Coin Culture With $100 Million Fund (edited)
25.1.2024
The Avalanche Foundation has created a $100 million meme coin fund to promote culture and engagement within the Avalanche ecosystem. Image by AdriaVidal, Adobe Stock. On January 23, the nonprofit organization behind the Avalanche blockchain network announced a $100 million fund to support meme...
3 Cryptos Under the Radar: Potential Breakout Stars in 2024’s Market
25.1.2024
Under-the-radar cryptos like Celestia, Manta, and Sponge V2 are positioned for major growth in 2024 due to their unique capabilities. Image by AMERO MEDIA, Adobe Stock. The cryptocurrency market has seen monumental growth over the past year, with the total market capitalization more than doubling...
Chinese Crypto Market Recorded $86.4B in Raw Transaction Volume in a Year, Eclipsing Hong Kong
25.1.2024
In the face of China’s economic downturn and a sluggish stock market, Chinese investors are turning to the crypto market as a safer alternative to traditional investments, despite the government’s crypto ban. Chinese citizens are finding creative ways to enter the crypto market, fueling...
Bitcoin Price Prediction: Hits $40,000 Amid ETF Moves & IRS Update
25.1.2024
In a market teeming with activity, Bitcoin’s latest surge to $40,000, marking a nearly 1% increase on Thursday, has investors and analysts revisiting their Bitcoin price predictions. This uptick comes amidst a flurry of significant developments: Chinese investors, spurred by stock market...
Bitfarms Expands Mining Operations With New 100 MW Facility in Paraguay, Aiming for 21 EH/s Capacity by Year End
24.1.2024
On Wednesday, Bitfarms, a bitcoin mining enterprise listed on the U.S. stock market, revealed the successful acquisition of a new site in Yguazu, Paraguay, earmarked for a 100 megawatt (MW) mining facility. This development is part of Bitfarms’ ambitious plan to escalate its capacity to...
Bitwise Sets New Precedent as First U.S. Bitcoin ETF to Reveal BTC Addresses
24.1.2024
Bitwise is leading the way in transparency for U.S. Bitcoin ETFs, revealing the fund’s BTC addresses. Image by ki, Adobe Stock. On January 24, Bitwise Asset Management took a major step toward transparency by releasing the Bitcoin wallet addresses linked to its Bitcoin exchange-traded fund....
Hashkey Capital and FTSE Russell Launch Trio of Indices to Track Diverse Crypto Assets
24.1.2024
Digital asset investment company Hashkey Capital has collaborated with the London Stock Exchange Group (LSEG) subsidiary FTSE Russell to unveil three indices for tracking cryptocurrencies. These indices enable investors and traders to keep an eye on a diverse collection of assets spanning different...
Nexo Seeks $3B in Damages from Bulgaria Over Aborted Investigation Affecting US Stock Listing
24.1.2024
Crypto lender Nexo has started a legal battle seeking $3 billion in damages from Bulgaria following an aborted criminal investigation that the company claims derailed its plans for a US stock market listing and a soccer sponsorship deal. Nexo AG, a Swiss subsidiary of Nexo Capital based in...
HashKey Capital and FTSE Russell Launch Indices Tracking Crypto Assets
24.1.2024
Crypto fund manager HashKey Capital and FTSE Russell, a subsidiary of London Stock Exchange Group (LSEG), have unveiled a suite of indices tracking cryptocurrencies. HashKey Capital and FTSE Russell unveiled jointly developed crypto indices on January 24, as per a release shared with Cryptonews....
JPMorgan Analysts Downgrade Coinbase Shares to Underweight, Citing Impact of Spot Bitcoin ETFs
24.1.2024
JPMorgan analysts have downgraded Coinbase shares from Neutral to Underweight, causing a 5% drop in the stock’s value during premarket trading on Tuesday. The analysts have also established a price target of $80 per share, indicating a significant downside risk of over 37% from the current...
3 Cryptocurrencies Set to Soar Post-2024 Bitcoin Halving
23.1.2024
Ethereum, Litecoin, and Bitcoin Minetrix stand out as cryptocurrencies likely to surge after Bitcoin’s 2024 halving event. Image by Muhammad Irfan, Adobe Stock. March 2024 will mark a monumental event for Bitcoin—the fourth halving in its history. This preprogrammed supply shock has proven...
JPMorgan Sees Challenges Ahead for Crypto Market — Downgrades Coinbase Stock
23.1.2024
Warning of a difficult time ahead for the crypto market, global investment bank JPMorgan has downgraded Coinbase stock. Emphasizing that crypto prices are already under pressure, JPMorgan warned of “greater potential for cryptocurrency ETF enthusiasm to further deflate,” driving with...
Bonk Holders Migrating To New AI Crypto ICO Built For Traders To Hunt 1549% ROI Tokens – 24-Hour Countdown Begins
23.1.2024
BONK selloff has redirected attention to hot new Launchpad XYZ’s crypto ICO presale and $LPX token hours before launch. Image by creative, Adobe Stock. The recent freefall of BONK’s price, dropping 70% since mid-December, has investors searching for the next big crypto winner. This...
OKB Flash Crash Wipes Out $6.5B In Minutes, OKX Vows to Reimburse Traders
23.1.2024
The OKB flash crash on the OKX exchange wiped out billions in market value within minutes before a swift rebound. Image by Dennis, Adobe Stock. In a major crash that shocked traders, the OKB price dropped over 50% within 15 minutes on January 23, wiping out $6.5 billion in diluted market...
Coinbase Falls After JPMorgan Downgrades Stock to Underweight on Disappointing Bitcoin ETF Catalyst
23.1.2024
The bitcoin ETF catalyst that pushed the ecosystem out of its crypto winter last year will disappoint investors in 2024, the report said
Dogecoin Holders are Fleeing to This New Crypto ICO Platform to Hunt the Next 1000x Token
22.1.2024
Crypto ICO Launchpad XYZ’s new token $LPX is seeing heightened interest as investors diversify from struggling Dogecoin. Image by Lemonsoup14, Adobe Stock. Dogecoin—once the hottest meme coin in the market—has struggled over the past year with a 6.2% decline in price. As crypto investors...
Just In: FTX’s Bankruptcy Estate Sold 22 Million GBTC Shares, Leading to $1 Billion GBTC Outflow
22.1.2024
FTX’s $1 billion sell-off of its GBTC shares was a major catalyst of the trust’s outflows after becoming a spot Bitcoin ETF. Image by Formatoriginal, Adobe Stock. The ongoing bankruptcy proceedings for crypto exchange FTX have led to major sell-offs from one of the largest bitcoin...
Bitcoin Miner Hut 8 Accused of a Pump and Dump Scheme, HUT Shares Plummet
19.1.2024
Bitcoin miner Hut 8 has been accused of hiding stock ownership in a perceived pump-and-dump scheme. The accusation comes from an unconfirmed report by JCapital Research. In a Jan 18 release, the firm leveled accusations against the Bitcoin miner stemming from its recent partnership with US Bitcoin...
BlackRock’s New Bitcoin ETF Secures 25K BTC Holdings – Is Institutional FOMO Underway?
18.1.2024
BlackRock’s Bitcoin ETF launch has attracted both crypto experts and traditional investors, securing major holdings in its first week. Image by Luisa, Adobe Stock. BlackRock’s new spot Bitcoin ETF IBIT has attracted considerable interest from both retail and institutional investors...