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Best Crypto to Buy Today December 29 – Kaspa, Bonk, Sei
29.12.2023
Cryptocurrency markets are unsurprisingly choppy on the final Friday of 2024, as massive option expiries trigger waves of unpredictable buy and sell pressure as market players hedge themselves and reposition ahead of the new year. Bitcoin options worth around $11 billion expired today, as per data...
Vitalik Buterin Reflects on Web3’s Diminishing Vision Amidst Rising Transaction Fees
29.12.2023
In a candid evaluation of the current state of Web3, Ethereum co-founder Vitalik Buterin laments the fading vision of a decentralized internet. Buterin emphasizes the stifling effect of rising crypto transaction fees on innovation and broad-based usage of cryptocurrency. He points out the shift...
Bitcoin Price Prediction as BTC Drops Below $43,000 – Dip Buying Opportunity?
29.12.2023
In the ever-shifting realm of cryptocurrency, Bitcoin (BTC/USD) confronts a pivotal moment on December 29, as it grapples with significant technical barriers. Currently trading at $42,012, Bitcoin has witnessed a 1.00% decrease over the past day, amidst robust trading activity amounting to $24.68...
Unlocking the Future: A Guide to Buying a House with Cryptocurrency – Mortgages, Payments, and Insurance
29.12.2023
Finance and money technology background concept of business prosperity and asset management . Creative graphic show economy and financial growth by investment in valuable asset to gain wealth profit . Believe it or not, 2024 may be a popular year for homebuyers. The National Association of Realtors...
Okx to Cut Ties With Privacy Coins Amid Regulatory Heat, Triggering Market Dip
29.12.2023
In light of the ongoing dialogue around Binance’s removal of privacy coins, the cryptocurrency exchange Okx has declared the removal of various spot trading pairs linked to privacy tokens such as monero, zcash, and dash. Okx attributes its decision to remove these offerings...
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...
CAKE Token Supply Cut — Pancakeswap Community’s Decisive Vote Spurs Market Surge
29.12.2023
The Pancakeswap community has sanctioned a governance vote to eliminate 300 million CAKE tokens from the crypto asset’s total supply. Records indicate that a substantial 97.88% of community votes supported the reduction of 300 million CAKE, decreasing the total supply from 750 million to...
Judge Grants Summary Judgment for SEC in Landmark Crypto Case Against Terraform Labs
29.12.2023
In a definitive ruling, U.S. District Judge Jed Rakoff favored the Securities and Exchange Commission (SEC) in the multi-billion-dollar fraud case involving Terraform Labs and its founder, Do Kwon. Rakoff noted that the Howey test criteria were satisfied for a range of Terra-related assets...
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...
China Tightens Grip on Cryptocurrency Trading, Targets Use of Tether in Foreign Exchange
29.12.2023
Source: AdobeStock / Wit Chinese authorities have issued a stern directive for an enhanced crackdown on the use of cryptocurrencies, emphasizing their role in illegal foreign exchange trading as part of ongoing efforts to mitigate financial risks. In a joint statement released on Wednesday,...
Reports State at Least $1.7B Was Lost in Hacks and Exploits During 2023
29.12.2023
Several reports that have recently surfaced have revealed the extent of losses that crypto platforms and users faced during 2023 as a product of exploits and hacks. TRM Labs’ latest report states that the number ascended to $1.7 billion, while De.fi, another Web3 security firm, states that...
Low Exchange Supply Could Trigger a Bitcoin Bull Run; Cardano (ADA) and RebelSatoshi (RBLZ) Await Impressive Returns
29.12.2023
In the constantly evolving world of cryptocurrency, the buzz is all about the potential for a Bitcoin bull run, fueled by a low exchange supply. This anticipated surge is not just good news for Bitcoin enthusiasts but also for altcoin investors, particularly those eyeing Cardano (ADA) and...
Judge backs SEC on Terraform securities sales question
29.12.2023
Judge Jed Rakoff, who is looking into the SEC’s case against the ex-CEO Do Kwon of Terraform Labs, favors the regulatory body. As per the judgment, Kwon and Terraform carried out the sale of uncertified securities pertaining to LUNA and MIR tokens. The Securities and Exchange Commission pitched...
ARK files an updated Bitcoin ETF application
29.12.2023
ARK 21Shares has filed an updated Bitcoin ETF application. The development comes in the last concluding hours of the deadline by the SEC, December 29, 2023. The community speculates that more applications could be on the way to strengthen their chance of getting approval in the first wave....
Binance Reports 30% Surge in Users, Facilitates 18% More Trades in 2023, Emphasizes Compliance Strengthening
29.12.2023
Source: AdobeStock / prima91 Binance, the world’s largest cryptocurrency trading platform, has reported substantial growth in its user base, experiencing a 30% increase in users in 2023 while emphasizing its compliance with various regulations. According to its recently released year-end...
FIU IND blocks 9 crypto exchange URLs for non-compliance
29.12.2023
A total of 9 crypto exchange platforms have been served with a compliance Show Cause notice by the Financial Intelligence Unit India, also recognized as FIU IND. The names of these platforms are Binance, Kucoin, Kraken, Huobi, Gate.io, Bitstamp, Bittrex, Bitfinex, and MEXC Global. The said...
Court authorizes Celsius MiningCo transaction
29.12.2023
Celsius recently announced getting approval from the Court to integrate its MiningCo Transaction. The announcement was made on the official X/Twitter account of Celsius. The tweet read that Celsius can now move ahead with its plans. Besides this, the network attached a 36-page document covering...
Tether CEO Paolo Ardoino Celebrates USDT’s $91.5B Market Cap: ‘Tether Evolved’
29.12.2023
Tether CEO Paolo Ardoino made a retrospective about the company’s growth since its beginnings. In a post in X, Ardoino celebrated the current standing of the company, with its USDT stablecoin reaching a $91.5 billion market cap on several blockchains, $4 billion in excess reserves, and...
Blockchain Security Firm Says Pink Drainer Responsible for $4.4 Million LINK Exploit
29.12.2023
Source: AdobeStock / Tomasz Bidermann Cryptocurrency hacking group, Pink Drainer has been linked to the recent $4.4 million LINK user drain, increasing the number of their victims to 9,068 with a total of $18.7 million stolen. According to on-chain analytics firm Etherscan, another user has fallen...
Binance upgrades USD-Margined Futures Liquidity Provider Program
29.12.2023
Binance has begun scaling the USDC-margined futures liquidity provider program after providing the USDC-margined futures contract. This will take effect at the start of the next year. Users will need to meet certain requirements to connect with the program. USD-M futures contracts contain linear...