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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...
Crypto VC Deals in 2023 Plunged 70% on Funding Constraints
25.1.2024
Crypto venture capital (VC) funding dropped 70% in 2023, securing only about $10b in deal value. That’s a drop from nearly $32b in 2022, which had nearly 90% more deals. Galaxy Digital published a report Wednesday showing venture deal activity in the crypto sector last year. It revealed...
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...
Blockchain Life 2024 will gather a record 8000 attendees in Dubai
24.1.2024
On April 15-16, Blockchain Life 2024 is going to prove its status as one of the main crypto events of the year bringing together over 8,000 crypto enthusiasts and thousands of international companies in the globally recognized crypto capital of Dubai. Learn more and buy a ticket:...
Stablecoin Market Capitalization Soars to 11-Month High, Taps $134 Billion
24.1.2024
The stablecoin market capitalization has surged to its highest point in 11 months with increased network activity recorded at the start of the year. A recent market research by cryptocurrency analytics firm, CCData shows an increase in the stablecoin market as the wider digital asset market...
3 Promising Altcoins for High Returns in the 2024 Crypto Surge
24.1.2024
Looking for a high-return crypto? Look no further than the 2024 crypto best altcoin list, and discover promising altcoins that could offer an unusually high return here. Indeed, 2024 is an anticipated bull run year, with a duality of factors set to induce upside price moves across the crypto...
Crystal ball of crypto: Decoding Bitcoin’s price trajectory for year 2024
24.1.2024
The year 2024 is expected to be full of ups and downs for Bitcoin, or any other crypto, for that matter, considering the way the year started. BTC was once at a tally of $47,000. It is now down to ~$40,000 at the time of articulating this piece. Eleven months later, Bitcoin is expected to …
South Korean Tax Body Seized Crypto Worth $28.4m From ‘Tax Dodgers’ in 2023
24.1.2024
South Korea’s tax body last year confiscated cryptoassets worth $28.4 million from citizens who were trying to avoid paying taxes. Per Newsis, the number of “crypto tax dodgers” has ballooned from 5,741 – a figure reported in late 2022 – to 10,849. The latest figures come from the National...
BIS Unveils 2024 CBDC Plans, Project ‘Aurum’ Enters New Phase
24.1.2024
Source: BIS The Bank of International Settlements (BIS) has unveiled that its central bank digital currency (CBDC) is entering a new phase this year. Dubbed ‘Aurum,’ the CBDC project will explore “the privacy of payments in retail CBDCs,” BIS noted. The announcement came Tuesday as a part of BIS’s...
Bloomberg: Don’t Blame Bitcoin ETFs For Crypto Market Dump – Here’s the Latest
23.1.2024
Bitcoin ETFs are not to blame for Bitcoin (BTC)’s seismic price drop this month, according to Bloomberg ETF analyst Eric Balchunas. Tapping a fresh multi-year high of $49,000 on January 11, the launch of several U.S.-based Bitcoin spot ETFs that same day has appeared to mark a definitive local...
Bitget Unveils New Messi Film to Kick off Second Year of Messi Partnership
23.1.2024
PRESS RELEASE. Victoria, Seychelles, Jan 23, 2024 – Bitget, the world’s leading cryptocurrency exchange and Web3 company, today launches a new brand film about the internationally recognized footballer Lionel Messi to kick off their second-year partnership, with a continuation of the theme...
Wave of Spot-Based Bitcoin ETFs Could Drive Bitcoin to $60K This Year: CoinShares
23.1.2024
Despite facing hurdles, bitcoin’s price could rebound and potentially soar to $60,000 this year, per CoinShares’ analysis. In a report published Monday, CoinShares forecasted 2024 as a pivotal year for digital assets, anticipating a surge in bitcoin’s value following the recent launch...
Japanese Crypto Advocate Wins Parliament Seat
23.1.2024
A leading Japanese crypto advocate has won a seat in the House of Councilors, the nation’s lower parliamentary house. Per CoinPost, Takeshi Fujimaki, a former lawmaker who lost his seat in the 2019 election, has been restored to the house under proportional representation rules. Fujimaki,...
All The Major Changes Coming To Halo Infinite This Year
22.1.2024
Halo Infinite is killing its seasonal model in 2024. Three years after its initial launch, the live-service multiplayer shooter is shifting toward more bite-sized, 20-level battle passes arriving every four to six weeks. Developer 343 industries announced the content change in its January update...
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...
Vitalik Buterin’s Zuzalu Retreat Spurs Ethereum-Backed ‘Zu-Villages’ – What’s Behind This Mysterious Gathering?
22.1.2024
The exclusive Zuzalu blockchain retreat started by Vitalik Buterin is now funding new invite-only pop-up cities globally. Image by Kerem Goktug Kaya, DALL-E 3. Last year in May, Ethereum co-founder Vitalik Buterin helped organize an exclusive two-month gathering called Zuzalu in Montenegro. Around...
CEO of Crypto Ponzi Scheme IcomTech Handed Five-Year Sentence
22.1.2024
The CEO of a large-scale crypto Ponzi scheme known as IcomTech has been sentenced to five years in prison and ordered to forfeit $914,000 in criminal proceeds. On January 19th, the U.S. Attorney’s Office, Southern District of New York, issued a press release stating that Marco Ruiz Ochoa...
Top 5 AI Crypto Tokens Experience Downturn, Sector Loses $960 Million in Value
22.1.2024
The value of crypto assets linked to artificial intelligence (AI) surged to $7 billion at the beginning of the year. However, recent weeks have seen a reduction of $960 million in the overall worth of the AI crypto sector. Each of the leading five AI-focused digital assets has experienced a decline...
BNB Smart Chain Sees 85% Decline in Losses to Security Incidents in 2023: Report
22.1.2024
A security report published today revealed losses incurred on BNB Smart Chain in 2023 reached over $161 million, compared to $1.1 billion in the previous year. The security report was published by AvengerDAO in collaboration with Hashdit, Certik, Ancilia, and Salus Security. Despite the decrease...
OSL Executive Director: Hong Kong Expected to Approve Spot Crypto ETFs by Mid 2024
22.1.2024
Hong Kong may witness the launch of its first spot crypto exchange-traded funds (ETFs) by the middle of this year. Gary Tiu, the executive director and head of regulatory affairs at OSL, a Hong Kong-licensed cryptocurrency exchange, said OSL is in close communication with multiple fund companies....