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Bitcoin Price Prediction: Rises to $40,125 Amid Tesla’s $184M Holding and GBTC Stability
26.1.2024
In the realm of cryptocurrency, Bitcoin’s price prediction continues to draw attention as the digital currency experiences a modest increase, trading at $40,125, up by 0.30%. This surge aligns with significant developments in the crypto landscape. Notably, Tesla’s latest financial...
Crypto Lender Nexo Submits $3 Billion Damages Claim Against Bulgaria
26.1.2024
The cryptocurrency lending platform Nexo has submitted a $3 billion arbitration claim against the Republic of Bulgaria, following a raid on its office in 2023 and a subsequent probe by the Bulgarian Prosecutor General’s Office. Nexo alleges that these actions harmed its business prospects....
Tesla Maintains Bitcoin Holdings — $184M in Digital Assets Shown on Balance Sheet
26.1.2024
Elon Musk’s electric car company, Tesla, has maintained its bitcoin holdings. The company’s balance sheet for Q4 2023 shows net digital assets of $184 million. Musk is convinced that in the long term, Tesla will be the most valuable company on earth. The billionaire recently disclosed...
Swiss Regulator Grants Approval Enabling Retail Users to Trade Tokenized Securities and Digital Assets
26.1.2024
The Swiss financial markets regulator has granted the digital asset infrastructure firm Taurus the approval which allows its retail users to “create an account and trade digital assets and tokenized securities.” Besides receiving the FINMA approval, Taurus said it will be admitting...
Austria’s RLB NÖ-Wien Bank Allows Crypto Trading Using Bitpanda Tech
25.1.2024
Austrian cooperative bank Raiffeisenlandesbank Niederösterreich-Wien (RLB NÖ-Wien) is allowing clients to trade digital assets using their banking apps using Bitpanda infrastructure starting from today. Bitpanda says that a large traditional bank such as RLB NÖ-Wien embracing digital assets is...
Bakkt Crypto Trading Expands Footprint in LatAm and Southeast Asia
25.1.2024
Bakkt Holdings, crypto trading and custody platform, announced the expansion of its crypto operations in several crypto-friendly international jurisdictions. The digital assets solutions firm has established crypto trading and onramp capabilities in Brazil and Guatemala, adding to Bakkt’s existing...
IRS Revises Digital Asset Question on Tax Forms
25.1.2024
The Internal Revenue Service (IRS) has revised the question about digital assets included on income tax forms. Moreover, the tax authority has added the question to four additional tax forms. “The question must be answered by all taxpayers, not just by those who engaged in a transaction...
Canadian Court Rules Government’s Freeze of Protester’s Crypto Donations Unconstitutional
24.1.2024
The Canadian Government’s decision to freeze digital assets and crypto donations toward protesting truckers in 2022 was deemed unconstitutional by the Canadian Federal Court. The Federal Court ruled against the government’s decision to freeze financial assets including digital assets...
Goldman’s Digital Assets Chief Bets on Spot Ether ETFs Getting the Thumbs Up
24.1.2024
Mathew McDermott, Goldman Sachs’ digital assets head, said Tuesday he anticipates approval of spot Ether ETFs in the coming months. During a CNBC interview, McDermott said a major factor in the approval decision hinges on whether ether is classified as a security. “A big question naturally...
Maxine Waters Questions Meta’s Digital Asset Ambitions
23.1.2024
Maxine Waters has sent a probing letter to Meta, querying the tech giant’s recent spate of trademark applications related to digital assets and blockchain technology. Maxine Waters Suspects Meta’s Renewed Interest in Digital Assets Through Trademark Filings Maxine Waters, the ranking...
US Senator Elizabeth Warren Comments Digital Assets Are Used to Evade Economic Sanctions
23.1.2024
U.S. Senator Elizabeth Warren criticized the illegal use of cryptocurrency assets by bad actors. Commenting on a report issued by the U.S. Government Accountability Office (GAO), Warren declared that “rogue nations are using crypto to dodge sanctions and undermine our national...
Wave of Spot-Based Bitcoin ETFs Could Drive Bitcoin to $60K This Year: CoinShares
23.1.2024
Despite facing hurdles, bitcoin’s price could rebound and potentially soar to $60,000 this year, per CoinShares’ analysis. In a report published Monday, CoinShares forecasted 2024 as a pivotal year for digital assets, anticipating a surge in bitcoin’s value following the recent launch...
Digital Asset Investment Products Record $21M Outflows Despite $11.8B Trading Volume
22.1.2024
Digital asset funds have recorded a minor $21 million in outflows while trading volumes surged past $11 billion as crypto prices plummeted in the past seven days. CoinShares’ Digital Asset Weekly Fund Flows report on Jan 22 shows a slight decline in bullish momentum although inflows were...
Top 5 AI Crypto Tokens Experience Downturn, Sector Loses $960 Million in Value
22.1.2024
The value of crypto assets linked to artificial intelligence (AI) surged to $7 billion at the beginning of the year. However, recent weeks have seen a reduction of $960 million in the overall worth of the AI crypto sector. Each of the leading five AI-focused digital assets has experienced a decline...
Morgan Stanley Sounds Alarm on US Dollar’s Dominance — Says Crypto Could Significantly Alter Currency Landscape
22.1.2024
Morgan Stanley has warned about the risk of the U.S. dollar losing its dominance, fueled by growing interest in digital assets, including bitcoin. Emphasizing that the U.S. dollar’s dominance “is being increasingly scrutinized,” the investment bank stated: “A clear shift towards reducing...
Russia’s Nornickel Using ‘Digital Assets’ to Pay Employee Dividends
22.1.2024
Source: Alex J/Adobe The Russian metal mining giant Nornickel (Nornickel Norilsk) says it will start paying its employees dividends with “digital financial assets.” The firm’s board of directors has approved a program that will see employees receive around $10.40 per share. And, according to...
CFTC Files Civil Enforcement Action Against Bogus Crypto Exchange Debiex
21.1.2024
The U.S. commodities regulator revealed on Jan. 19 that it had filed a civil enforcement action against a bogus digital asset exchange platform. According to the Commission, Debiex customers were not aware that the entire set-up was a clever scam designed to dupe prospective investors. Romance Scam...
US Spot Bitcoin ETFs Attracting European Bitcoin ETPs – CoinShares Analyst
19.1.2024
Source: AdobeStock/Luisa Spot Bitcoin ETFs are already grabbing the headlines, according to a recent CoinShares report released on January 15. In the blog post, the digital assets investment firm revealed a $1.18 billion inflow into the crypto space in the past week. Turning its searchlight into...
Franklin Templeton Eyes Broad Crypto Expansion Beyond Bitcoin, Foresees More ETP Filings
19.1.2024
Franklin Templeton’s Head of Digital Assets, Sandy Kaul, foresees an increase in filings following the recent approval of 11 new spot bitcoin exchange-traded funds. Kaul highlighted that the firm, managing $1.5 trillion in assets, recognizes the “potential of this whole crypto...
Bitcoin and Altcoins Swing In Relation to Phases in the Bull Cycle: Pantera Capital
19.1.2024
The volatility of digital assets particularly Bitcoin (BTC) can be examined in various stages of a bull market in relation to other tokens, Pantera Capital suggests. A new market report by Pantera Capital shows the relationship between multiple assets in crypto bull cycles, the state of the market...