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UBS Predicts Gold Prices Will Rise 10% in 2024 Amidst Fed Policy Pivot
24.1.2024
UBS, a financial services company, predicts that 2024 will be fruitful for gold, forecasting a price increase of 10% over current market prices. According to UBS analysts, this price increase will be powered by a pivot in the current policy of the U.S. Federal Reserve, which is projected to start...
Number of Crypto Owners Globally Reached 580 Million in 2023, Report Shows
24.1.2024
The number of global crypto owners surged 34% in 2023, reaching 580 million by December, a new report shows. In particular, bitcoin ownership surged 33% while Ethereum saw an even steeper rise of 39%. The report pinpoints the approval of spot bitcoin exchange-traded funds (ETFs) and the Bitcoin...
SEC Got SIM Swapped: How Hacker Gained Control of SEC’s X Account
24.1.2024
The U.S. Securities and Exchange Commission (SEC) has admitted that a SIM swap attack compromised its X account, where a fake announcement about the approval of spot bitcoin exchange-traded funds (ETFs) was posted. “The unauthorized party obtained control of the SEC cell phone number...
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...
Peter Schiff Says All Spot Bitcoin ETFs Are Now in Bear Markets — Warns of Deeper Losses
24.1.2024
Gold bug and economist Peter Schiff has warned of deeper losses for spot bitcoin exchange-traded funds (ETFs), emphasizing that they are “now in bear markets.” Referencing the Proshares Bitcoin Strategy ETF which is down more than 50% in over two years, Schiff predicted that those...
Mad Money Host Jim Cramer Doubts Bitcoin Will Find Its Footing as Selloff Continues
24.1.2024
Jim Cramer, the host of CNBC’s Mad Money show, has doubled down on his bearish bitcoin price outlook, predicting that the cryptocurrency will continue to struggle against the backdrop of a plummeting crypto market. “Unlikely that bitcoin finds its footing,” Cramer emphasized...
Report: Ethereum and Solana Showcase Unique Market Dynamics in Recent Altcoin Trends
23.1.2024
In the dynamic world of crypto markets, recent trends have illuminated intriguing divergences in the altcoin market, particularly between ethereum and solana, relative to bitcoin. A comprehensive report published by Glassnode, an onchain analytics firm, delves into this phenomenon. Altcoin Dynamics...
3 Cryptocurrencies Set to Soar Post-2024 Bitcoin Halving
23.1.2024
Ethereum, Litecoin, and Bitcoin Minetrix stand out as cryptocurrencies likely to surge after Bitcoin’s 2024 halving event. Image by Muhammad Irfan, Adobe Stock. March 2024 will mark a monumental event for Bitcoin—the fourth halving in its history. This preprogrammed supply shock has proven...
The Promises and Perils of NFTs: An Excerpt From 'The Everything Token'
23.1.2024
In their new book, Steve Kaczynski and Scott Duke Kominers discuss the ongoing challenges (and potential solutions) around diversity, regulation and decentralization facing the NFT ecosystem
JPMorgan Sees Challenges Ahead for Crypto Market — Downgrades Coinbase Stock
23.1.2024
Warning of a difficult time ahead for the crypto market, global investment bank JPMorgan has downgraded Coinbase stock. Emphasizing that crypto prices are already under pressure, JPMorgan warned of “greater potential for cryptocurrency ETF enthusiasm to further deflate,” driving with...
Why Does Maxine Waters Care About Meta’s Crypto Patents?
23.1.2024
Iris Energy Boosts Bitcoin Mining Capacity to 6 EH/s, Eyes 20 EH/s Milestone by H2 2024
23.1.2024
According to an announcement from the publicly-listed bitcoin miner Iris Energy, the mining operation has increased its operating capacity to 6 exahash per second (EH/s) and expects an additional 4 EH/s to be online by the first half of 2024. Iris Boosts Mining Capacity to 6 EH/s Amidst IREN Share...
'Lord, You Told Me to Do This': Pastor Defends Taking $1.3M From Failed Crypto
23.1.2024
Eli Regalado said God told him to start the INDXcoin project and he's waiting on further guidance after Colorado securities officials accused him of running a crypto scam
Critical Bug in Ethereum’s Nethermind Client Highlights Risks of Low Client Diversity
23.1.2024
A severe bug in the Nethermind Ethereum execution client has recently been uncovered, affecting 8% of Ethereum’s validators and reminding everyone of the necessity for greater client diversity in the Ethereum network. Critical Flaw in Ethereum’s Nethermind Client Spotlights the Dangers...
The Next Phase of DeFi Is Here
23.1.2024
Expect a transition from incentive madness to real utility in crypto markets, says Jesus Rodriguez, CEO, IntoTheBlock
Trump Doubles Down on Anti-CBDC Stance, Gives Full Credit to Ramaswamy
23.1.2024
Former President Donald Trump doubled down on his claim that he will “never allow” a central bank for digital currency (CBDC) during a Monday night rally in New Hampshire. Trump vows no CBDC Trump credited former presidential hopeful Vivek Ramaswamy, who has since endorsed Trump in...
Tornado Cash Co-Founder Braces for Precedent-Setting Trial in US
23.1.2024
Roman Storm, facing multiple federal charges related to his role in the creation of Tornado Cash, is bracing for a trial in the United States. Scheduled for September 2024, the trial could have far-reaching implications for the crypto industry and digital privacy laws. Roman Storm Pledges Vigorous...
At Davos, Crypto Pushes Case for Decentralized AI
23.1.2024
With Big Tech set to dominate AI, decentralizers made the case for a blockchain governance layer for the next era of the internet
Mt. Gox Moves Seemingly Closer to Bitcoin Repayments For 2014 Hack Victims
23.1.2024
Some former customers of the crypto exchange have reported receiving an email asking for confirmation of identity and account details on the mtgoxinsolvency subreddit group
GBTC Experiences Record Bitcoin Outflow; Blockguard CEO Advises Investor Calm Amidst Market Shift
23.1.2024
Grayscale’s spot bitcoin exchange-traded fund (ETF), known as GBTC, has experienced increased outflows since its recent update. Present data reveals that a substantial 14,292.18 bitcoin, valued slightly above $556 million, exited the fund after Monday’s trading activities. GBTC Sees...