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SEC Chair Gary Gensler Sees Irony in Spot Bitcoin ETF Approval — ‘This Was About Centralization’
16.1.2024
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler sees irony in the approval of spot bitcoin exchange-traded funds (ETFs). “This was about centralization and traditional means of finance,” said Gensler, warning: “Investors should be aware that this underlying asset...
IMF Chief Sees Crypto as Asset Class — Says Bitcoin Won’t Dethrone US Dollar as Dominant Currency
16.1.2024
International Monetary Fund (IMF) chief Kristalina Georgieva sees crypto as an asset class, not money. She dismissed concerns of bitcoin potentially displacing the U.S. dollar as the world’s dominant currency, citing the size of the U.S. economy and the depth and sophistication of...
Circle Completes USDC Upgrade to Version 2.2
16.1.2024
Circle, the stablecoin company, has completed the upgrade of its USDC stablecoin to the 2.2 version. The update brings a slew of changes, including gas efficiency improvements, support for account abstraction and smart contract wallets, and enhancements in the resiliency of the currency when...
Reports Suggest That Binance is Reviewing the Status of Privacy Coins on Its Platform
15.1.2024
Recent reports from members of the Zcash community indicate that Binance, the largest cryptocurrency exchange, would be preparing to review all privacy coins listed on its platform and possibly delist some. The exchange has been in talks with project representatives since November 2023, when...
Circle Reports Surge in Remittances Through USDC Stablecoin in Asia
15.1.2024
Circle, a crypto issuer, reported a significant increase in remittances flowing through Asia via its USDC stablecoin. USDC is a cryptocurrency pegged to the value of the U.S. dollar and is backed by liquid cash and cash-equivalent assets. It has settled over $12 trillion in blockchain transactions...
Bitcoin Price Prediction as Greed Index Hits Neutral Post-ETF Launch – Are Investors Losing Confidence?
15.1.2024
In the dynamic realm of cryptocurrency, Bitcoin‘s price trajectory has recently taken a downward turn, falling to $42,000 amidst diminishing enthusiasm for Bitcoin exchange-traded funds (ETFs). This decline occurs against the backdrop of a slightly contracting global crypto market, which...
BRC-20 Inscription Growth Key for Bitcoin’s Continued Dominance in 2023 – Binance Research
15.1.2024
The cryptocurrency market witnessed a remarkable recovery in 2023 with a staggering 109% year-over-year (YoY) surge. However, what captured the attention of the Binance Research team was the notable growth of the BRC-20 token standard throughout the year. In their 140-page report, the research...
Court Uses Bitcoin Blockchain for Legal Summons, Revolutionizing Defendant Notification
15.1.2024
A federal court in the U.S. has accepted the validity of using information contained in a Bitcoin transaction to notify a defendant about a civil action. The case, believed to be the first where this method is accepted, might help solve hundreds of cryptocurrency theft cases in which...
Altcoins Thrive While Bitcoin Dips in a Dramatic Week of Crypto Trading
15.1.2024
This past week in the crypto economy proved intriguing, as bitcoin’s value declined by 5.7% while ethereum enjoyed a 10.8% uptick against the U.S. dollar. Leading the pack in market gains, SUI experienced a remarkable surge, escalating over 74% in just seven days. Concurrently, the token...
Redditor Claims To Have Built a Trading Bot That Earns Bitcoin Automatically – But Does It Really Work?
15.1.2024
A Redditor’s claim about a Bitcoin trading system that earns Bitcoin through calendar trading has sparked debate within the crypto community. Image by Kerem Goktug Kaya, DALL-E 3. A recent Reddit post has ignited heated debate within the r/CryptoCurrency community, drawing both intrigue...
South Korea’s Crypto Volumes Peak in 2024 as Upbit and Bithumb Dominate Local Market
15.1.2024
In the last 100 days, South Korea’s crypto trading activity has experienced a significant upswing. The country’s leading crypto exchanges, Upbit and Bithumb, recorded their highest trading volumes in the initial week of January 2024. Despite the noticeable premium on South...
JP Morgan: Bitcoin ETFs Could See $25 Billion Inflows From Existing Products Without Fresh Capital
15.1.2024
Source: AdobeStock / Alexey Novikov Banking giant JP Morgan projects a huge inflow into spot Bitcoin ETFs from other cryptocurrency-related products even without new capital from the wider financial market. JP Morgan Market Trends Report Highlights Inflows Following Bitcoin ETF Approval In a recent...
South Korea Seeks Regulation Against Crypto Mixers Citing Illegal Use Cases
15.1.2024
Source: AdobeStock South Korean regulators seek to introduce new laws that would sanction the use of cryptocurrency mixers in the country to curb the rate of illicit financial activities. According to local news outlets, the Financial Intelligence Unit is considering rolling out new regulations...
Ethereum Technical Analysis: ETH Stabilizes in a Narrow Range
15.1.2024
Today’s trading session commenced with ethereum oscillating between $2,480 and $2,532 in the past hour, enclosed within a daily range of $2,472 to $2,544. This restricted range hints at a brief stabilization period after a spell of recent market swings. Ethereum maintains a strong market...
Online Casino Player Wins Record $42 Million Slots Jackpot on Sportsbet.io
15.1.2024
  January 10, 2024, London, UK —  A lucky Sportsbet.io player has won the largest slots jackpots in history, turning a single $50 spin into an incredible $42 million prize. Record Win  The player was placing bets in USDT cryptocurrency on Alchemy Gaming’s Wheel of Wishes...
Bitcoin Technical Analysis: BTC’s Subdued Start to the Week Amid US Market Closures
15.1.2024
Monday is anticipated to be a subdued day for trading activities, owing to the observance of Martin Luther King Jr. Day, resulting in the closure of the U.S. bond market, Nasdaq, and the New York Stock Exchange (NYSE). Over the past hour, bitcoin has been observed trading within the range...
Bonk Price Prediction As Renewed Buying Interest Develops into Bullish Pattern – Is $0.00002 the Next Target?
15.1.2024
The Bonk price has fallen by 5% today, dropping to $0.00001401 as the cryptocurrency market as a whole loses 0.5% in the past 24 hours. Yet BONK remains up by an impressive 40% in the past week, with the meme token witnessing a 0.7% gain in the past hour alone, as it begins to recover....
Game Over for NFTs? Will the Market Recover in 2024
15.1.2024
Non-fungible tokens, or NFTs, have faded into the background with all the chatter and excitement around a spot Bitcoin exchange-traded fund being approved in the US market. Earlier today GameStop revealed it has shut down its NFT marketplace, signaling its withdrawal from the cryptocurrency space....
Cryptocurrency Rights Bill Lands in Indiana
15.1.2024
Indiana is adding its name to the list of states that intend to guarantee the cryptocurrency rights of its citizens. A cryptocurrency bill that guarantees the non-intervention of the state government of Indiana in cryptocurrency self-custody, mining, validation, and other issues was recently...
Venezuela Ends Controversial Petro Cryptocurrency: Reports
15.1.2024
Venezuela is ending its Petro cryptocurrency on Monday, more than five years after it was first launched, according to multiple reports