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Digital Asset Investment Products Experience $16 Million Outflows, Breaking 11-Week Inflow Streak
18.12.2023
Source: Adobe / Andy Nowack Digital asset investment products witnessed outflows of $16 million last week, putting an end to an 11-week streak of consecutive inflows. According to the latest report by CoinShares, Bitcoin-based funds bore the brunt of the outflows, with a total of $32.8 million...
As NOLA Token Shoots Up 900%, This Lesser Known ETF Crypto May Explode in January – Here’s Why
18.12.2023
As meme coin markets continue to surge with activity amid stalling Bitcoin price action, NOLA token has emerged as the latest memecoin pump after shooting up +900% overnight, but could this new ETF crypto be next? This comes as recent months have seen a huge trend in explosive DEX-traded token...
Bitcoin Price Prediction: VanEck CEO Optimism, Cathie Wood’s 2030 Forecast & Ripple Outlook
18.12.2023
In the ever-shifting world of cryptocurrency, Bitcoin’s recent price movement paints a complex picture, trading at $41,079 with a 2.01% decrease on Monday. Amidst this volatility, notable voices in the industry weigh in, offering diverse outlooks. VanEck’s CEO stands firm in the belief...
VanEck CEO Expects Bitcoin Price to See All-Time High in Next 12 Months
18.12.2023
Source: DALL·E Jan van Eck, CEO of the global investment managing firm VanEck, expected Bitcoin price to reach all-time high in 2024 in an interview with CNBC. During the interview, van Eck laid out his 2024 outlook for Bitcoin and cryptocurrency, making a prediction of Bitcoin to set a...
Blockchain-Based Private Credit Surges 55% as Companies Seek Financing Amid Rising Interest Rates
18.12.2023
Image Source: Pixabay More companies are turning to blockchain-based private credit as they seek financing amid increasing interest rates, leading to a significant surge in this sector. According to RWA.xyz, a platform that tracks debt, active private loans through digital ledgers have risen...
Spot Bitcoin ETF fate nears: Approval or rejection by Jan 10?
18.12.2023
The US Securities and Exchange Commission is expected to either approve or reject all applications for the Spot Bitcoin ETF on January 10, 2024. The community has been waiting for the moment since 2023; however, many members anticipate that this could be the ultimate deadline. The assumption...
Ex-Central Bank Chief Says China ‘Must Lead World’ in CBDC Adoption
18.12.2023
Source: Eagle/Adobe The former Governor of China’s central bank, Dai Xianglong, has insisted that China needs to “lead the world’ in CBDC adoption, as the nation’s digital yuan pilot continues. Per a Weibo post from the media outlet Finance iFeng, former People’s Bank of China (PBoC) chief Dai said...
FDUSD Rockets to $1.6B Market Cap, Becoming Fifth Largest Fiat-Pegged Crypto Amid Binance Concentration
17.12.2023
In the fortnight since Dec. 2, 2023, the stablecoin asset first digital usd (FDUSD) experienced a notable expansion, increasing its supply by 690 million coins. As of Dec. 17, 2023, this surge has elevated its market capitalization to a significant $1.61 billion. This period witnessed...
P2P Platform NFT Trader Falls Victim to Security Flaw, $3 Million in Blue-Chip NFTs Lifted
17.12.2023
Reports indicate, and the peer-to-peer non-fungible token (NFT) market platform has confirmed, that the NFT platform NFT Trader experienced a security breach. An assailant exploited an outdated smart contract, resulting in the theft of nearly $3 million worth of esteemed digital collectibles...
CFTC Chairman: Many Crypto Tokens Are Considered Commodities Under Existing Laws
17.12.2023
The chairman of the Commodity Futures Trading Commission (CFTC), Rostin Behnam, has stated that many digital assets are considered commodities under existing law. Behnam urged the U.S. Congress to hasten the process of establishing a regulatory regime for cryptocurrency. He also emphasized that...
US Lawmakers Slam SEC and Chair Gensler for Refusing to Provide Clear Regulation for Crypto Industry
17.12.2023
U.S. lawmakers have slammed the Securities and Exchange Commission (SEC) and its chairman Gary Gensler for refusing to provide clear crypto regulation. “SEC Chair Gary Gensler’s continued refusal to provide clarity for the digital asset ecosystem is shameful,” one congressman said....
Goldman Sachs: Don’t Expect Immediate BTC Spike After Spot Bitcoin ETF Approvals
17.12.2023
Global investment bank Goldman Sachs has advised investors against anticipating a sudden and immediate surge in the price of bitcoin upon the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). Nonetheless, Goldman Sachs highlighted that...
Blackrock Meets With SEC 4 Times to Discuss Spot Bitcoin ETF Application
17.12.2023
Blackrock, the world’s largest asset manager, has met with the U.S. Securities and Exchange Commission (SEC) for the fourth time recently to discuss its spot bitcoin exchange-traded fund (ETF) application. SEC Chairman Gary Gensler said this week that the securities regulator is “taking...
Circle CEO Says Investors Should Have Exposure to Bitcoin in Complex Geopolitical Environment
16.12.2023
Circle CEO Jeremy Allaire says in a complex geopolitical environment, bitcoin is an asset that investors should have some exposure to. He emphasized that “digital commodities are here to stay,” noting that bitcoin is the largest digital commodity asset. The executive also believes...
Bank Of China Completes First Cross-Border Digital Yuan Commodities Trade
16.12.2023
The Bank of China Hong Kong, the second largest bank in the region, has completed its first cross-border digital yuan-based trade. The transaction, finalized with its sibling bank, the Bank of China, served to receive the payment for an imported iron ore commodity bulk trade, establishing...
Crypto Analyst: Bitcoin Could Hit $1 Million in Days to Weeks After Spot ETF Approval
16.12.2023
Bitcoin Logo / Source: Adobe Bitcoin (BTC) has the potential to skyrocket to $1 million within a matter of days to weeks following the approval of a spot Bitcoin exchange-traded fund (ETF). According to Samson Mow, CEO of Jan3, the combination of limited Bitcoin supply on exchanges and a surge...
XRP Price Prediction as $1.2 Billion Trading Volume Sends XRP Down 4% – Are Whales Selling Before January?
16.12.2023
Despite a cautiously optimistic technical outlook, Ripple’s XRP has recently faced a downturn, dropping by 4% amidst a whopping $1.2 billion trading volume. As of December 16, the digital currency is trading at $0.620, marking a marginal 0.50% increase over the last 24 hours. Its significant...
SEC Chair Gensler Reveals Regulator Is ‘Taking a New Look’ at Spot Bitcoin ETF Filings
16.12.2023
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has revealed that the regulator is taking a new look at spot bitcoin exchange-traded fund (ETF) applications based on recent court rulings. “We had in the past denied a number of these applications, but the courts here in...
Bitcoin Miner Hive Diversifies Into AI, Acquires 96 Nvidia GPUs to Boost High-Performance Computing Operations
15.12.2023
On Friday, Hive Digital, based in Vancouver and specializing in bitcoin mining and high-performance computing (HPC), announced its foray into artificial intelligence (AI) and HPC technologies. This strategic move involves acquiring 96 Nvidia H100 graphics processing units (GPUs). From Bitcoin...
Best Crypto to Buy Now December 15 – Helium, Aave, Osmosis
15.12.2023
Technical indicators highlight Helium, Aave, Osmosis, Bitcoin ETF Token, and TG.Casino as having potential upside for investors seeking the best crypto to buy now. Image by cryptonews.com. As the cryptocurrency market fluctuates with volatility, investors seeking the best crypto to buy now...