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‘Blockchain Basics Act’ Introduced in Missouri Takes the Bitcoin Regulation Battle to State Level
6.1.2024
The Blockchain Basics Act, introduced recently into the Missouri State House, seeks to guarantee crypto-related rights, including self-custody, transacting, mining, and staking, to the state’s people. Proposed by Rep. Phil Christofanelli, the bill aims to take the crypto legislation fight...
Celsius Network Unstakes Ethereum Holdings Amid Reorganization Efforts
5.1.2024
The bankrupt cryptocurrency lender Celsius Network announced its plan to unstake significant holdings of ethereum to facilitate asset distribution to its creditors. This move is part of the firm’s ongoing efforts to restructure and resolve outstanding liabilities. Crypto Lender Celsius...
Experts Weigh in on Bitcoin ETF Approval As Sell-the-News Event
5.1.2024
As the SEC’s decision on bitcoin ETFs looms, market participants prepare for market impact. Analysts reflect on the possibility of a “buy the rumor, sell the news” situation. A Bitcoin ETF Approval Could Trigger Major Market Movements With the cryptocurrency community eagerly...
Decentralized Exchanges Near Trillion-Dollar Milestone: A Year of Record Volumes
5.1.2024
Per data analysis, decentralized exchange (dex) platforms nearly reached a trillion dollars in trading volume, posting $960.69 billion over the past year. Moreover, dex activity in December exceeded the previous 2023 high of $132.26 billion, concluding the month with $135.86 billion in finalized...
Bitcoin Technical Analysis: BTC Consolidates Amid Uncertainty Tied to the ETF Decision
5.1.2024
As the decision for the spot bitcoin exchange-traded fund (ETF) looms near, bitcoin’s price fluctuations embody its mercurial nature, swaying between optimistic surges and measured hesitance. It reached a zenith of $45,922, with Friday’s intraday value oscillating from $43,920...
South Korean Tokenization Startup Chooses Klaytn Over Ethereum for Gold NFTs
5.1.2024
The Klaytn Foundation, an organization devoted to expanding the Klaytn ecosystem, announced that Creder, one of its governance council members, will launch a tokenized gold offering called Gold Pegged Coin (GPC) in January. Creder will also launch Goldstation, a decentralized finance platform...
Bain and Company: Tokenization Can Unlock a $400B Yearly Alternative Investment Opportunity
5.1.2024
A report issued in December by Bain and Company and JPMorgan executives recognized the impact that tokenization can have in bringing alternative investments (such as private equity, private credit, real estate, and hedge funds) to individual investors. The document states that this can be a $400...
Bitcoin’s Obituary Bounce — Decline in ‘Death Calls’ Signals Resilient 2023
4.1.2024
Following numerous proclamations of bitcoin’s demise in 2021 and 2022, totaling 47 and 27 on the Bitcoin Obituaries list respectively, a mere eight declarations were noted in 2023. The final one emerged at the year’s end, attributed to crypto advocate Arthur Hayes, who warned that...
Vitalik Buterin’s Endorsement Leads to ENS Token Surge
4.1.2024
The ENS token’s recent price surge is attributed to Vitalik Buterin’s public support, who stated the need for ENS to be available on all layer two networks. Vitalik Buterin’s Social Media Post Ignites ENS Token Rally The Ethereum Name Service (ENS) token experienced an unexpected...
South Korea’s Crypto Surge — Navigating the ‘Kimchi Premium’ and Massive Trade Volumes
4.1.2024
Recent data reveals that South Korea’s crypto trading volume has surged in recent months, with two exchanges, Upbit and Bithumb, contributing over 10% to the global trading volume as of Jan. 4, 2024. Additionally, while the global price for bitcoin hovers around $43,356 per unit, in South...
USDC Stablecoin Temporarily Depegs to $0.76 on Binance Amid Market Turbulence
4.1.2024
Circle’s USDC, typically pegged to the dollar, experienced unexpected volatility on Binance, dipping as low as $0.76 amidst a market rattled by Bitcoin ETF skepticism and a significant liquidation in derivatives. USDC Temporarily Depegs on Binance Amidst Crypto Market Sell-Off In...
Solana Foundation Plans Expansion to Brazil With Over $10M in Investments
4.1.2024
The Solana Foundation, the institution in charge of managing initiatives related to the Solana network, has announced it will expand to Brazil. According to local reports, the organization plans to launch a local team and invest over $10 million in several Web3 fields, including tokenization...
Defi Platform Radiant Capital Loses Digital Assets Worth $4.5 Million After Flash Loan Attack
4.1.2024
Radiant Capital, a decentralized finance (defi) platform, confirmed on Jan. 3, 2023, that it fell victim to an attack which saw the “protocol accruing bad debt in the WETH market, totaling about 1.3% of total protocol TVL” or $4.5 million. Radiant Capital has urged the hackers...
STX20 Protocol Demonstrates Potential for Scaling Bitcoin Ordinals on an L2 Network
4.1.2024
According to developers behind the project, the debut of the STX20 protocol on Stacks’ Bitcoin layer two (L2) has marked a pivotal moment for Ordinals-style assets. Amid growing demand for innovative use cases in the Bitcoin ecosystem, the Stacks team believes the STX20 test has shown significant...
Peter Schiff Expects Spot Bitcoin ETFs to Bring Speculator Sell-Off, Minimal Institutional Demand
4.1.2024
Economist and gold bug Peter Schiff expects the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) to be a nonevent. The crypto skeptic explained that there is “really no need for a bitcoin ETF, as you can buy and store bitcoin yourself...
Michael Saylor Selling $216 Million of Microstrategy’s Shares, Plans to Buy More Bitcoin
4.1.2024
Microstrategy’s executive chairman, Michael Saylor, is selling $216 million of his company’s shares, according to a filing with the U.S. Securities and Exchange Commission (SEC). The pro-bitcoin executive intends to use some of the proceeds to acquire additional bitcoin for...
Mystery Wallet Rockets to Top 10 Bitcoin Holders With 8,888 BTC New Year’s Gain
3.1.2024
A bitcoin wallet, believed to be linked to Tether, the leading stablecoin issuer, has ascended to become the tenth largest holder of bitcoin. This elevation occurred after an accrual of 8,888 bitcoin from Bitfinex as the year concluded. Presently, the wallet’s holdings total around 66,465.20...
Stablecoin Storm — Gemini’s GUSD Shrinks 93% Amidst Market Turbulence
3.1.2024
Over the past few years, the stablecoin market has significantly slowed, particularly since mid-2022, following the collapse of Terra’s stablecoin. Additionally, last year, the New York Department of Financial Services (NYDFS) instructed Paxos to cease the issuance of BUSD. Beyond these...
Ethereum Technical Analysis: ETH Slides Over 8% Amid Downward Market Pressure
3.1.2024
In the ever-volatile world of crypto assets, ethereum has exhibited a notable decline, with an 8.1% decrease in price over the past 24 hours. Technical indicators and chart patterns suggest a bearish sentiment in the air, urging traders to navigate with caution. Ethereum Ethereum’s (ETH)...
Bitcoin Technical Analysis: BTC 15th Anniversary Celebrations Marred by Market Mayhem
3.1.2024
In the wake of bitcoin’s 15th anniversary, the cryptocurrency behemoth confronts a challenging market terrain, as its price dipped 6.7% to prices between $42,350 to $42,619 amidst swirling rumors of spot bitcoin exchange-traded fund (ETF) rejections. Bitcoin The past day saw bitcoin’s...