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Veteran Trader Peter Brandt Shorts Ethereum, Signaling Potential Downturn
19.12.2023
On Monday, veteran trader Peter Brandt took to the social media channel X (previously known as Twitter) to reveal that he had taken a short position on ethereum (ETH), the crypto market’s second-largest asset by valuation. He further shared a technical chart with his 707,000 followers on...
Breaking: Global Settlement Reached in FTX Digital Markets Liquidation
19.12.2023
FTX struck a global settlement between its US and Bahamas bankruptcy proceedings in an attempt to jointly maximize creditor payouts. Image by Александр Поташев, Adobe Stock. The ongoing saga following the dramatic collapse of Sam Bankman-Fried‘s bankrupt cryptocurrency exchange FTX took...
Montenegro Appeals Court Overturns Extradition of Terraform Labs Co-Founder Do Kwon
19.12.2023
On Tuesday, Montenegro’s appeals court overturned the extradition request for Terraform Labs co-founder Do Kwon. This reversal follows reports that Justice Minister Andrej Milovic had informally agreed to the extradition. Kwon to Remain in Montenegro, Decision Lies With Justice Minister...
Ethereum Price Prediction as SEC Delays Hashdex and Grayscale Ethereum-Based ETFs – What’s Going On?
19.12.2023
Source: AdobeStock The price of Ether (ETH), the native token of the Ethereum blockchain and the world’s second most valuable cryptocurrency by market capitalization, continues its bounce from Monday’s lows and was last trading in the $2,230s, up over 4.5% in the past 24 hours according...
Bitcoin Struggles for Direction in Run-Up to Christmas + More News
19.12.2023
Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. In this edition: Bitcoin Struggles for Direction in Run-Up to Christmas Hong Kong’s AIA Carnival to Accept Cryptocurrency Payments in Partnership with...
Elizabeth Warren Opposes Blockchain Lobbying Efforts, Writes Letter to Association – What’s Going On?
19.12.2023
Source: YouTube/Senator Elizabeth Warren Sen Elizabeth Warren has opposed the growing cryptocurrency lobbying efforts in Washington calling on all stakeholders to support regulations to clamp down on terrorist financing amid other concerns. In a letter addressed to the United States Blockchain...
Nigerian Crypto Exchange Describes Deposit Suspension as ‘Industry-Standard Precautionary Measure’
19.12.2023
The Nigerian cryptocurrency exchange platform Bitmama recently said it has temporarily suspended deposits due to “ongoing third-party maintenance.” Bitmama said that while earlier media reports about its suspension of deposits are correct, they nevertheless “lack context,”...
Galaxy Digital on the Hunt for More Crypto Bankruptcy Assets Post-FTX Deal
19.12.2023
Source: LinkedIn Galaxy Digital, the cryptocurrency group led by US billionaire Mike Novogratz, is seeking additional asset sales from bankrupt digital asset companies following a successful deal that involved selling coins held by FTX. The transaction has significantly increased Galaxy’s...
Assets Under Management Surges Past $50 Billion as Altcoins Record Slight Gains
19.12.2023
Source: Adobe / Luisa Digital assets funds continue their upward momentum as asset prices continue to rise towards the end of the year with growing optimism for an approval of a spot Bitcoin (BTC) ETF in the United States. Data from CoinShares shows cryptocurrency assets under management (AUM)...
EURC stablecoin goes live on the Solana Network
19.12.2023
Solana recently announced the addition of EURC to its network. Pegged 1:1 with the Euro, EURC is a stablecoin similar to USDC. Circle, the global technology firm behind USDC, also launched the fiat-backed stablecoin. EURC will remain 1:1 redeemable against the Euro in a full-reserve model....
Coinbase to support USD-based transfers for Singaporean users
19.12.2023
Coinbase recently announced adding support for USD transfers in Singapore. Retail customers in the region can now transfer United States Dollars to and from Coinbase accounts using SWIFT. It will allow them to easily access USDC and the broader cryptocurrency market. As one of the top crypto...
Bitcoin Price Prediction: Surge to $43,103, ETF Talks Fuel Optimism
19.12.2023
Bitcoin (BTC) witnessed a notable increase of over 5%, reaching $43,100 on Tuesday, amidst pivotal developments in the cryptocurrency landscape. The spotlight turned to the discussions of Spot Bitcoin ETFs at a meeting between the SEC and BlackRock, highlighting the growing interest in mainstream...
Central Bank of Brazil Opens Public Consultation on Virtual Assets Service Provider Rulemaking
19.12.2023
The Central Bank of Brazil opened a new public consultation to obtain feedback for regulating the operations of virtual assets service providers (VASPs) in the country. The bank organized a questionnaire of 38 questions divided into different themes that can be partially, or fully answered until...
Circle Launches EURC Stablecoin on Solana, Expanding Euro Access in the Crypto Space
19.12.2023
Expanding the global reach of euro-based stablecoins, Circle has debuted its EURC token on the Solana blockchain, offering a fully reserved, euro-backed digital asset. Circle Expands its Stablecoin Portfolio With EURC Launch on Solana, Boosting Euro Integration in Digital Finance Circle, a leading...
Explore the influence of Dogecoin on the emergence of memecoins
19.12.2023
As a playful cryptocurrency with meme inspiration, Dogecoin was launched in December 2013. At the time, the emergence of serious digital currencies prompted the creation of this fun alternative. The symbol of Dogecoin, which embodies an approachable and playful perspective, is the Shiba Inu...
Ethereum (ETH) vs Retik Finance (RETIK), how will these two giants perform in 2024?
19.12.2023
The cryptocurrency landscape is constantly evolving, with new projects and innovations emerging to challenge the established giants. In this article, we’ll delve into the performance expectations for Ethereum (ETH) and Retik Finance (RETIK) in 2024, exploring their unique features, potential...
Coinbase Ending ‘Givecrypto’ Initiative — ‘We Were Unable to Create a Lasting Impact’
19.12.2023
Crypto exchange Coinbase is winding down Givecrypto, a nonprofit set up to provide crypto to those in need. “Over the years, Givecrypto distributed cryptocurrency to thousands of individuals in need,” Coinbase said. However, the exchange admitted: “We were unable to create lasting change purely...
Judge Approves Settlement: Binance to Pay $1.5 Billion to CFTC, CZ to Pay $150 Million Fine
19.12.2023
Source: Pixabay In a significant legal development, Judge Manish Shah of the U.S. District Court for the Northern District of Illinois has issued a verdict ordering cryptocurrency exchange Binance and its former CEO, Changpeng “CZ” Zhao, to pay a staggering $2.85 billion to...
Solana Saga Phone Interest Soars Following BONK Meme Coin Surge
19.12.2023
Fueled by the explosive growth of the BONK meme coin, the Solana Saga phone’s market interest has soared, with units selling for up to $5,000 on Ebay, far exceeding its reduced price of $599 Saga Phone Resurgence: BONK’s Rise Turns Solana Device Into Hot Commodity The Solana Saga phone, once...
Survey: 4 in 5 Institutional Investors Agree Crypto Has Important Role in Global Financial Industry
19.12.2023
An institutional investor survey conducted by digital asset bank Sygnum indicates a shift from skepticism to advocacy, “with over 80% now agreeing that crypto has an important role to play in the global financial industry,” said the bank’s digital asset research manager. “It’s now truly...