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Bitcoin ETF Approval Frenzy Begins As SEC Finally Approves First Spot Bitcoin Funds, Bitcoin Remains Unresponsive
10.1.2024
The SEC’s green light of spot Bitcoin ETFs opens the floodgates for issuers, but Bitcoin price stayed flat, defying expectations. Image by DREAM DIVE , Adobe Stock. The SEC has finally approved the first spot Bitcoin exchange-traded funds (ETFs) in the US. This monumental decision opens...
Phoenix Invests $187 Million in Bitmain BTC-Mining Machines Acquisition
10.1.2024
Source: AdobeStock/artiemedvedev Blockchain mining firm Phoenix Group PLC has successfully acquired mining equipment valued at $187 million from Bitmain Development PTI Limited. In an announcement made on January 9, Phoenix Computer Equipment, a subsidiary of Phoenix Group, disclosed that...
Veteran Trader Peter Brandt Labels Bitcoin ETF a ‘Classic Buy the Rumor, Sell the News Event’
10.1.2024
According to the veteran trader Peter Brandt, the current bitcoin exchange-traded funds (ETF) hype which has seen the “average guy on the street” clamoring to get may be a signal to experienced traders that it is time to sell them what they own. Brandt also characterized the expected...
Bitcoin Transaction Fees See Sharp Decline Since December Peak, Network Congestion Persists
10.1.2024
On Jan. 10, 2024, the fee for high-priority transactions is set at 42 satoshis per virtual byte (sats/vB), amounting to $2.66 per transaction. The average transaction fee stands at 98.9 sats/vB, equivalent to $11.17 per transfer. Although there has been a decline in onchain fees, they currently...
Fiat-Crypto Payment Firm Alchemy Pay Adds BINs for Crypto Card
10.1.2024
Source: Alchemy Pay Alchemy Pay, a Singapore-based crypto payment gateway has added new Bank Identification Numbers (BINs) for its crypto card. The feature will be available for users in Hong Kong. According to a Tuesday release, the new BIN will start with the first 6 digits – “515783,”...
Celsius Targets Withdrawals Made 90 Days Before Bankruptcy for Repayment
10.1.2024
Source: Adobe / FellowNeko The bankrupt crypto lender Celsius Network has notified its creditors that customers who made substantial withdrawals in the 90 days leading up to the bankruptcy declaration may need to return a portion of the funds or face legal consequences. According to a notice...
AsiaPay Partners with BLOX to Explore Crypto Payment Solutions in Malaysia
10.1.2024
Source: Pixabay / Michael Wuensch Digital payment company AsiaPay has partnered with BLOX, a Malaysian web3 firm, to explore payment solutions around digital assets in the country. In a Jan 10 press release, the firm explained the need to look into other payment options as more sectors emerge...
Tom Lee Predicts Bitcoin Could Reach $500,000 in Next Five Years
10.1.2024
Source: Pixabay Crypto market analyst Tom Lee has predicted that Bitcoin could reach $500,000 within the next five years. In an interview on CNBC’s “Squawk Box,” Lee predicted that Bitcoin could hit $100,000 and “maybe” $150,000 within the next 12 months, and added that “something around half...
Decentralized AI Platform Ritual Hires BitMEX Co-Founder Arthur Hayes As Advisor: Report
10.1.2024
Source: YouTube / Real Vision Crypto BitMEX co-founder Arthur Hayes has joined forces with decentralized AI platform Ritual in an advisory capacity. The Block reported on Wednesday that Hayes had joined Ritual’s advisory team, and will help the decentralized AI platform to expand...
Ethereum Bounces Back: Surpasses 2-Year Low Against Bitcoin Following Erroneous SEC Announcement
10.1.2024
On Jan. 9, 2024, ethereum’s value relative to bitcoin plummeted to its lowest level since November 2021. Yet, in the past 24 hours, ether has rallied, gaining 3.66% against bitcoin, recovering from this two-year low. Ether Rebounds Strongly in Wake of SEC Misstep On Wednesday, ethereum (ETH)...
Bit.Store Leads with a First: BRC20 Token Integration for Crypto Card Recharges
10.1.2024
PRESS RELEASE. Lithuania, 10th Jan 2024: In a groundbreaking move, Bit.Store has become the first crypto card service to integrate BRC20 tokens (Bitcoin Originals) for card recharges. This pioneering step demonstrates Bit.Store’s commitment to innovation in the cryptocurrency space, offering...
Analyst Says Bitcoin Price Crashed Before Gensler’s Tweet: It “Was a Reaction to What was Believed to be Real News”
10.1.2024
Source: Getty Images A new analysis has revealed that the recent Bitcoin price crash was a reaction to what was believed to be genuine news of spot ETFs getting approved, resulting in a classic “sell the news event.” The analysis, conducted by Matteo Greco, research analyst at Fineqia...
Arbitrum Dominates with Nearly 50% of Ethereum Layer 2 Total Value Locked
10.1.2024
Source: Adobe / Rafael Henrique The Ethereum-based layer 2 network Arbitrum has shown significant strength in the market, with its native token, ARB, outperforming a number of other smart contract tokens over the past 30 days. According to data from CoinMarketCap, ARB has now risen some 75% during...
Is Ordi Going to Zero? ORDI Price Plummets 10% as New Bitcoin Protocol Hits $8 Million
10.1.2024
First ever BRC-20 ordinal token Ordi (ORDI) has undertaken a sudden -10% ORDI price drop, leaving some panicked holders asking ‘Is Ordi going to zero?’. Dig into this piece and find out in this ORDI price analysis. This comes as markets teeter with anticipation for news of a highly...
World’s First AR & VR Ecosystem that Connects the Smartest Minds Together – 5th Scape’s Limited Presale Window is Now Open
10.1.2024
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content. Virtual Reality (VR) is one of the fastest-growing and most interesting sectors in the entertainment sector. It has experienced exponential growth over the last few years. The industry has been...
Polygon and ORDI Show Downtrends, While NuggetRush’s Presale Sees Remarkable Success
10.1.2024
TLDR Polygon (MATIC) has hinted at a possible partnership with a banking firm. Ordi has recorded a sharp price correction despite its recent market leap. NuggetRush (NUGX) has added great excitement to the play-to-earn community with its NFT-filled mining game. Polygon’s (MATIC) network is abuzz...
Why Are Ethereum ETF Approvals Facing Delays? InQubeta Raises Over $8M in Presale
10.1.2024
While crypto users had been keenly eyeing the launch of Ethereum (ETH) exchange-traded funds (ETFs) throughout 2023, their rollout has been slower than what many analysts expected. While crypto users might be frustrated by the delayed launch of spot ETFs, a lot of attention has been drawn...
Wintermute Reports 400% Surge in OTC Crypto Trading Volumes for 2023
10.1.2024
Source: Wintermute Wintermute has reported a staggering 400% increase in over-the-counter (OTC) trading volumes for the year 2023 in the midst of a challenging year for crypto exchanges.In the latest report of its OTC performance, the crypto market maker and liquidity provider Wintermute revealed...
Ethereum Price Prediction as Inflows Surge to $29 Million – Can ETH Hit $5,000 This Month?
10.1.2024
The Ethereum price has bounced by 5% in the past 24 hours, hitting $2,411 as the cryptocurrency market as a whole has actually dipped by 0.1%. ETH’s move today means it is now up by 1.5% in a week and by 7.5% in the last 30 days, with the biggest altcoin in the market also […]
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SEC Faces Backlash from Crypto Leaders for Erroneous Bitcoin ETF Tweet
10.1.2024
Source: Adobe/Kristina Blokhin The Securities and Exchange Commission (SEC) has found itself in hot water after an unauthorized tweet on its official account suggested that spot Bitcoin exchange-traded funds (ETFs) had been approved. The incident, which caused significant volatility in the crypto...