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Cardano Price Prediction as ADA Breaks Above $0.63 – Is a Major Rally Imminent?
29.12.2023
In the dynamic realm of cryptocurrency, Cardano (ADA) stands out with its recent price movement. As of December 29, ADA’s price hovers around $0.6101, showing a 6.42% decline over the last 24 hours. Despite this downturn, ADA’s current market cap of approximately $21.57 billion, as...
Kyrgyzstan Raises $1m from Crypto Mining Taxes in 2023
29.12.2023
Source: chekart/Adobe Kyrgyzstan is quietly becoming a force in crypto mining, with its government set to raise over $1 million this year from taxing the industry. According to the media outlet 24KG, the nation’s finance ministry reported that it had raised $900,000 worth of tax revenue from crypto...
Peter Schiff Says ‘Big Surprise’ Awaits in 2024 — Warns of Crash, Recession, High Inflation Returning With Vengeance
29.12.2023
Economist Peter Schiff has shared some predictions for 2024. “The big surprise in 2024 will not only be that the economy crashes into recession, but that high inflation returns with a vengeance,” he described. The technicals are breaking down for the U.S. Dollar Index, he added...
Former US President Donald Trump Selling ETH Worth Millions of Dollars, Analysis Indicates
29.12.2023
An analysis by crypto intelligence firm Arkham indicates that Donald Trump, the 45th President of the United States, is selling millions of dollars in ether acquired from selling his non-fungible token (NFT) collections. The analytics firm also revealed that Trump’s highest crypto balance...
South Korean Police Shut Down ‘Gangsters’ $32m Crypto Scam Ring’
29.12.2023
Source: Robert/Adobe South Korean police say they have swooped on a $32 million chat app-based crypto scam ring that they say was being run by a network of “gangsters.” Per Chosun Ilbo, Busan Metropolitan Police, the group comprised nine groups of “violent gangsters” who operated bogus “crypto...
Elon Musk Criticizes NFTs, Gives Nod to Inscriptions: ‘At Least Encode the Jpeg on the Blockchain’
28.12.2023
Elon Musk, the chairman of X, has referred to non-fungible tokens (NFTs) and the defects of their implementation, indirectly making the case for inscriptions. Answering a post on X on the topic of NFTs, Musk suggested saving the jpeg (an image format) of the NFT on the blockchain, like inscriptions...
Best Crypto to Buy Now December 28 – Bitcoin SV, Aave, Arbitrum
28.12.2023
BSV, AAVE, and ARB might be the best cryptos to buy now, alongside ongoing crypto presales Sponge V2 and Meme Kombat. Image by cryptonews.com. Select cryptocurrencies are exhibiting bullish behavior to close out the year, making them potentially among the best cryptos to buy now–with Bitcoin...
Bitcoin Price Prediction as BTC Spikes Up 1.6% – Larger Rally Incoming?
28.12.2023
In a striking development in the cryptocurrency arena, Bitcoin, the foremost digital asset, has seen a notable surge, spiking to $43,800. This recent uptick in Bitcoin’s value, amounting to a 1.6% increase, has sparked speculation and anticipation among investors and market observers....
Privacy Advocate Exposes Ledger Live’s Tracking of User Data and Network Activity
28.12.2023
Source: Pixabay A privacy advocate has alleged that the Ledger Live wallet software monitors its users and gathers information about them. In an X post published on Wednesday, privacy advocate and app developer REKTBuilder reported that Ledger Live conducts a “genuine device check” whenever users...
Perpetuals Trading Protocol Levana Suffers Oracle Attack, Loses $1.14 Million
28.12.2023
Source: Pixabay Perpetuals trading protocol Levana has fallen victim to an oracle attack, resulting in a loss of $1.14 million. According to a report from the Levana team, the exploitation happened between December 13th and December 26th, with the assailants siphoning off 10% of Levana’s liquidity...
US Bankruptcy Court Approves $225M ‘MiningCo Transaction’ for Celsius, Prevents Securities Ruling in Chapter 11 Proceedings
28.12.2023
Source: Adobe/Canva Bankrupt cryptocurrency lending company Celsius Network has achieved a significant milestone in its Chapter 11 bankruptcy proceedings. The United States Bankruptcy Court for the Southern District of New York has granted approval for Celsius Network’s proposed...
Study Observes Consolidation of Bitcoin Mining Rewards With Antpool
28.12.2023
In a significant shift within the bitcoin mining landscape, Antpool’s resurgence in 2023 has marked a notable trend in the consolidation of bitcoin rewards, surpassing Foundry USA in blocks mined. The Miner Mag’s recent analysis reveals that Antpool, along with other major pools,...
Crypto Analysts are Bullish on This AI Crypto Coin for 2024 – Here’s Why
28.12.2023
Crypto analysts predict that AI crypto coin yPredict could see substantial gains in 2024. Image by Kerem Goktug Kaya, DALL-E 3. Artificial intelligence (AI) is transforming industries across the globe, bringing automation and efficiency to everything from manufacturing to medicine. Now, AI...
Hong Kong-Based Value Partners Plans to Tokenize 3 Tons of Gold and Roll Out Cryptocurrency ETFs
28.12.2023
Source: iStock/Onfokus Value Partners, a Hong Kong-based company says it has plans to tokenize gold assets and also make an entry to the much anticipated Exchange Traded Fund (ETF) market. According to a report from local media sources, Zhao Shande, a senior strategist of the firm’s ETF business...
Hashdex Launches New Ad Campaign Amid SEC Deliberation on Bitcoin ETF Approvals
28.12.2023
Source: Adobe Stock Hashdex, an asset management firm, has released a new advertisement as the U.S. Securities and Exchange Commission (SEC) is in the process of reviewing applications for the listing of spot Bitcoin exchange-traded funds (ETFs) in the country. On December 28, Hashdex posted...
L2 Protocol Blast Soars Past $1 Billion in Locked Crypto Value
28.12.2023
Statistics reveal that the Ethereum layer two (L2) platform Blast now secures over $1 billion within its protocol. The total value locked (TVL) in Blast has expanded more than twelvefold since its launch in late November. Blast’s TVL Hits $1 Billion Initially, on Nov. 22, 2023...
‘OTC King’ Zhao Guilty of Unauthorized Crypto Operations, Says Chinese Legal Authority
28.12.2023
Source: Pexels China’s Supreme Procuratorate has reportedly disclosed the details behind the seven-year prison sentence given to the founder of the over-the-counter (OTC) crypto trading desk RenrenBit, Zhao Dong. In a press release on December 27, the Chinese legal authority revealed that...
Bitcoin ETF Countdown: SEC’s Decisive December Deadline – Here’s the Latest
28.12.2023
Source: Adobe / Jhonsmetal The crypto community is on edge as the US Securities and Exchange Commission (SEC) approaches a crucial deadline for potential approval of a spot Bitcoin Exchange-Traded Fund (ETF). The decision, scheduled for January 10, 2024, could mark a substantial entry for Bitcoin...
Top Crypto Gainers Today on DEXTools – ANALOS, JUNO, VAB
28.12.2023
Blue chip cryptocurrencies are mixed on Thursday, with Bitcoin (BTC) down 1.5% and back below $42,500, while Ether (ETH) is flat in the upper $2,300s, BNB is up 6.6% in the past 24 hours and Solana (SOL) and Avalanche (AVAX) are both down over 6% over the same time period, as per CoinMarketCap....
India’s Finance Ministry Seeks to Block Binance and Other Major Offshore Exchanges
28.12.2023
Source: Pexels The Indian finance ministry has issued compliance show-cause notices to nine offshore cryptocurrency exchanges, including major players like Binance, Kucoin, Huobi, and others, accusing them of operating illegally in India without adhering to local money laundering laws. The affected...