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Frenzy for 1,000x Gains Drives Surge in New Tokens on Solana
31.12.2023
Source: AdobeStock / Aleksandra Sova The Solana blockchain network has experienced an unprecedented influx of new tokens this month, surpassing any previous records by a significant margin. According to data from Solscan, over the last two weeks alone, a staggering 72,202 new tokens have been...
SEC Whistleblower Reveals Chai Payments App in Terra Ecosystem Didn’t Use Crypto
31.12.2023
Source: Adobe/Casimiro Four crypto tokens sold by Do Kwon and his co-founded company, Terraform Labs, has been qualified as unregistered securities. The tokens in question are TerraUSD (UST), LUNA, wLUNA, and Mirror Protocol (MIR), according to a recent summary judgment ruling by Judge Jed Rakoff...
The Big List: Charities Embracing Change with Bitcoin and Cryptocurrency Donations
30.12.2023
Source: Pexels Charitable giving occurs year round, yet end of year donations especially tend to resonate with donors. Recent statistics from digital marketing agency Nonprofits Source found that 30 percent of annual giving occurs in December. Findings further show that 10 percent of annual giving...
The Big List: Charities Embracing Change with Bitcoin and Cryptocurrency Donations
30.12.2023
Source: Pexels Charitable giving occurs year round, yet end of year donations especially tend to resonate with donors. Recent statistics from digital marketing agency Nonprofits Source found that 30 percent of annual giving occurs in December. Findings further show that 10 percent of annual giving...
PM of Singapore Alerts Residents to Deepfake Crypto Scam Using His Image
30.12.2023
Source: Pixabay / David Mark Lee Hsien Loong, the prime minister of Singapore, has warned his social media followers regarding the use of deepfake videos that use his voice and image to promote cryptocurrency scams. In posts made across various platforms including X (formerly Twitter), LinkedIn...
Former Binance CEO Changpeng Zhao Barred from Travel by US Judge
30.12.2023
Source: X / @cz_binance Former Binance CEO Changpeng Zhao, commonly known as CZ, has been blocked from traveling again as his sentencing for criminal charges approaches in late February. On December 29, in the U.S. District Court for the Western District of Washington in Seattle, Judge Richard...
Sam Bankman-Fried Unlikely to Face Second Trial, Say US Prosecutors – Here’s the Latest
30.12.2023
Source: Adobe / Александр Поташев US prosecutors are reluctant to pursue a second trial in the case involving Sam Bankman-Fried, former CEO of the now-defunct crypto exchange FTX. Bankman-Fried, who was convicted last month for embezzling funds from FTX customers, seems likely to avoid further...
ETF Countdowns, Screaming Buys, Happy New Years and 20 Crypto Jokes
30.12.2023
Source: AdobeStock / Wayhome Studio This is your weekly digest of top crypto news from Cryptonews.com, followed by a collection of 20 hand-picked crypto jokes. __________ This week in crypto: the Bitcoin ETF countdown has begun, representatives from at least seven companies seeking to launch ETFs...
Crypto Miners’ Bitcoin Reserves Hit Lowest Level Since May Amidst Increased Selling Pressure
30.12.2023
Source: AdobeStock / Photocreo Bednarek Bitcoin miner reserves have reached their lowest point since May, signaling increased selling pressure as the largest cryptocurrency records a December gain of more than 13%. Data from CryptoQuant indicates that Bitcoin miners’ reserves have been...
Monex Group Secures Majority Stake in Canada-based 3iQ
29.12.2023
Source: Pixabay Japan-based Monex Group is set to acquire a majority stake in Canadian crypto asset manager 3iQ. According to a press release published Thursday, 3iQ will collaborate with Coincheck, a Japanese cryptocurrency exchange acquired by Monex Group back in 2018, to bolster the digital...
ARK Invest Spearheads Bitcoin ETF Amendment Rush Ahead of SEC Deadline
29.12.2023
ARK Invest CEO Cathie Wood. Source: ARK Invest Instagram ARK Invest has taken the lead in filing the final Form S-1 amendment for its proposed spot Bitcoin exchange-traded fund (ETF) ahead of a deadline set by the US Securities and Exchange Commission (SEC). The SEC allegedly set a deadline...
SEC Looks to Enhance Control by Trimming Intermediaries in Spot Bitcoin ETFs: Bloomberg Analyst
29.12.2023
Source: AdobeStock Bloomberg analyst Eric Balchunas has shared insights on the latest requirements imposed by the U.S. Securities and Exchange Commission (SEC) to regulate the involvement of third parties in Spot Bitcoin ETFs through a “cash-create” redemption model. The SEC has set...
Solana Price Prediction as Google Trends Show Rising Interest – Are Investors Shifting Focus to SOL?
29.12.2023
Source: Bing Image Creator Solana (SOL) bulls are fighting back, with the token holding to the north of the key psychologically important $100 level on Friday, despite choppy and unpredictable trading conditions across the broader crypto market thanks to massive end-of-year option expiries. Despite...
Bullish Sentiment Grows as Centralized Exchanges See Record Outflows in 12 Months
29.12.2023
Source: Adobe / Luisa Cryptocurrency traders maintain a bullish drive to end the year with another positive on-chain metric going into 2024 as favorable market forces boost optimism. Data from blockchain analytics firm, Glassnode shows over $1.1 billion net outflows from centralized exchanges...
Crypto Ban in Nigeria Stalls eNaira Adoption Despite Global Recognition
29.12.2023
Source: AdobeStock Chinedu Albert, a legal expert specializing in Nigerian tech and innovation, has attributed the challenges facing the adoption of the eNaira, the Central Bank of Nigeria’s digital currency (CBDC), to a previous crypto ban. In an exclusive interview with Cointelegraph...
India's Local Crypto and Web3 Advocacy Body Asked for Action Against Offshore Entities: Source
29.12.2023
The Bharat Web3 Association's (BWA) Chairman wrote the letter to the Indian government on Dec. 16
Avalanche Foundation Dives into Memecoin Market with $100 Million NFT Initiative
29.12.2023
Source: Avalanche The Avalanche Foundation, the nonprofit organization overseeing the development of the Avalanche Network, aims to allocate its $100 million non-fungible token (NFT) incubator fund to purchase memecoins. The move is part of the foundation’s “Culture Catalyst”...
CryptoQuant Report: ETF Approval Could Lead to “Sell the News” Price Action for Bitcoin
29.12.2023
Source: Adobe / Anna Coco The expected approval of a spot Bitcoin exchange-traded fund (ETF) in January might not translate into a price surge for the cryptocurrency, according to a note by blockchain data firm CryptoQuant. The note, which was shared with CoinDesk, suggested that the approval...
Bitcoin is a ‘Screaming Buy’ for 2024, VanEck Says + More News
29.12.2023
Source: AdobeStock / GoodPics Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. In this edition: Bitcoin is a ‘Screaming Buy’ for 2024 – VanEck Hong Kong is Preparing OTC Exchange Regulations, Following Cases...
Indonesian Authorities Raid Ten Crypto Mining Facilities for Energy Theft
29.12.2023
Source: AdobeStock / Photocreo Bednarek Indonesian authorities crack down on ten Bitcoin (BTC) mining sites for stealing energy from the national grid to power mining operations in the country. According to reports from local media outlets, the government moved in on ten crypto mining sites whose...