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Study: BTC Is the Most Popular Crypto Asset, Crypto Exchanges Among the Least Trusted Service Providers
29.1.2024
The data from the latest Coinover study suggests that 17% of the participants own cryptocurrency and 30% plan to do so in the coming year. About 50% of those interviewed said they were positive about their financial earnings, while 20% expressed dissatisfaction with the returns. More Than Half...
Bitcoin (BTC) Rival Launches Viral Cartoon Video As Token Presale Nears Half-A-Million Dollars
29.1.2024
Bitcoin had a stellar 2023 but this year, 2024, has started off rocky. The store-of-value token’s price has tumbled from January’s high of $48,000 to $41,000 in 3 weeks. As investors look for options to stop the bleeding of profits, many are eyeing the new rival, Mollars token. The alternative...
South Korean Crypto Exchanges Blocked $82m Worth of Romance Scam Transactions in 2023
29.1.2024
South Korean crypto exchanges say they blocked over $82 million worth of transactions linked to romance scams last year. Per Seoul Shinmun, the crypto exchange Coinone claimed catfishing and other romantic scams that make use of crypto were now “rampant” in South Korea. Coinone said that it...
NFT Giant OpenSea Keeps Options Open for Potential Acquisition
28.1.2024
The collapse of the non-fungible token (NFT) market last year dealt a blow to OpenSea, raising questions about its once staggering $13.3 billion valuation. Now, the popular NFT marketplace is at the center of acquisition discussions, with CEO and co-founder Devin Finzer expressing an open-minded...
Bitcoin Price to Hit $200,000 by 2025: Standard Chartered – Can Green Bitcoin Outperform BTC?
28.1.2024
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content. Standard Chartered Bank predicts significant inflows into the market with the approval of BTC ETFs. In a recent report, the bank noted that there will be inflows of $50 billion to $100 billion this...
Deutsche Bank Survey: Over One-Third of Respondents Expect Bitcoin to Fall Below $20,000
28.1.2024
A Deutsche Bank survey has revealed that over one-third of 2,000 respondents anticipate bitcoin’s price to drop below $20,000. Moreover, around 15% of those surveyed predict the cryptocurrency’s price to range between $40,000 and $75,000 by the end of the year. Respondents Expect...
3 Crypto Investments with Strong Fundamentals to Watch in 2024
26.1.2024
As crypto markets brace for an anticipated bull-run this year, investors are increasingly looking for the best crypto to buy in 2024. In this article, deep-dive three investment opportunities backed by strong crypto fundamentals for the year ahead. Indeed, 2024 is an anticipated bull run year, with...
Trickbot Ransomware Developer Behind $833M Crypto Theft Gets Prison Term
26.1.2024
Source: Pixabay/Pete Linforth A 40-year-old Russian developer of Trickbot ransomware has been sentenced to a five-year prison term, according to the US Department of Justice (DoJ). In a press release dated January 25, the DoJ identified the individual as Vladimir Dunaev from Amur Oblast, Russia....
Crypto Companies Leverage AI Despite Ongoing Challenges
26.1.2024
Recent statistics show that the artificial intelligence (AI) market size is expected to reach over $3 billion this year. Therefore, it shouldn’t come as a surprise that a number of crypto-focused companies have started to incorporate AI into their products. Why companies are combining crypto with...
Komodo CTO Exclusive: Large TradFi Players Will Be Entering Crypto This Year, DeFi Poised to Grow Once Again
26.1.2024
Kadan Stadelmann, CTO of open-source technology provider Komodo Platform, talked to Cryptonews about the current crypto investment sentiment, incoming “major” institutional investments, and the renewed rise of decentralized finance (DeFi). The expert further shared interesting insights...
Polygon Nearly Matches Ethereum in Crypto User Acquisition in 2023
26.1.2024
Layer-2 scaling network Polygon (MATIC) came close to matching Ethereum (ETH) in terms of crypto user acquisition in 2023. According to blockchain analytics firm Flipside, Polygon acquired an impressive 15.24 million users during the year, falling just shy of Ethereum’s 15.4 million users....
3 Cryptos Under the Radar: Potential Breakout Stars in 2024’s Market
25.1.2024
Under-the-radar cryptos like Celestia, Manta, and Sponge V2 are positioned for major growth in 2024 due to their unique capabilities. Image by AMERO MEDIA, Adobe Stock. The cryptocurrency market has seen monumental growth over the past year, with the total market capitalization more than doubling...
Russia Mulls Cryptocurrency Mining Disconnection Proposal
25.1.2024
Cryptocurrency miners might be disconnected for up to 500 hours per year in Russia, according to a proposal supported by the State Duma Energy Committee to tackle the energy deficit in some regions. The initiative would be an alternative to introducing special tariffs directed to miners that would...
Charles Hoskinson Predicts 2024 Will Be the Biggest Year of Growth for Cardano
25.1.2024
Cardano’s co-founder Charles Hoskinson has projected 2024 as the biggest year for massive growth in the network’s ecosystem. In a recent broadcast released for the community, Hoskinson noted that it will be a year for growth while highlighting development roadmaps, integrations and strategies to...
Bitcoin Mining Rig Manufacturer Canaan Raises $50 Million Through Preferred Shares Sale
25.1.2024
In a recent disclosure to the U.S. Securities and Exchange Commission (SEC), Canaan, a publicly traded manufacturer of bitcoin mining rigs, announced it has secured $50 million through the sale of preferred shares. This follows a successful acquisition of $25 million in a similar preferred share...
Many Retail Investors See Bitcoin Price Dropping Below $20K by Year End: Deutsche Bank
25.1.2024
FSB Reveals 2024 Roadmap for Crypto Regulations and Cross-Border Payments
25.1.2024
The Financial Stability Board (FSB) has released its 2024 roadmap with plans to steer crypto regulations, cross-border payments, and broader issues in global finance. The international financial body created by the G20 revealed its plans for the current year. The main focus revolves around...
Chinese Crypto Market Recorded $86.4B in Raw Transaction Volume in a Year, Eclipsing Hong Kong
25.1.2024
In the face of China’s economic downturn and a sluggish stock market, Chinese investors are turning to the crypto market as a safer alternative to traditional investments, despite the government’s crypto ban. Chinese citizens are finding creative ways to enter the crypto market, fueling...
Crypto VC Deals in 2023 Plunged 70% on Funding Constraints
25.1.2024
Crypto venture capital (VC) funding dropped 70% in 2023, securing only about $10b in deal value. That’s a drop from nearly $32b in 2022, which had nearly 90% more deals. Galaxy Digital published a report Wednesday showing venture deal activity in the crypto sector last year. It revealed...
Bitfarms Expands Mining Operations With New 100 MW Facility in Paraguay, Aiming for 21 EH/s Capacity by Year End
24.1.2024
On Wednesday, Bitfarms, a bitcoin mining enterprise listed on the U.S. stock market, revealed the successful acquisition of a new site in Yguazu, Paraguay, earmarked for a 100 megawatt (MW) mining facility. This development is part of Bitfarms’ ambitious plan to escalate its capacity to...