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JPMorgan Analysts Downgrade Coinbase Shares to Underweight, Citing Impact of Spot Bitcoin ETFs
24.1.2024
JPMorgan analysts have downgraded Coinbase shares from Neutral to Underweight, causing a 5% drop in the stock’s value during premarket trading on Tuesday. The analysts have also established a price target of $80 per share, indicating a significant downside risk of over 37% from the current...
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...
BitMEX Founder Arthur Hayes Predicts Bitcoin Support Range at $30,000 to $35,000
24.1.2024
BitMEX founder Arthur Hayes has predicted Bitcoin (BTC) to find support in the range of $30,000 to $35,000. In a recent blog post, the crypto billionaire said he has purchased a Bitcoin put option with a strike price of $35,000, which expires on March 29. He noted that Bitcoin appears to...
BIS Unveils 2024 CBDC Plans, Project ‘Aurum’ Enters New Phase
24.1.2024
Source: BIS The Bank of International Settlements (BIS) has unveiled that its central bank digital currency (CBDC) is entering a new phase this year. Dubbed ‘Aurum,’ the CBDC project will explore “the privacy of payments in retail CBDCs,” BIS noted. The announcement came Tuesday as a part of BIS’s...
Top Crypto Gainers Today on DEXTools – XETH, TWEET, KABO
23.1.2024
Top Crypto Gainers Today on DEXTools $XETH, $TWEET and $KABO are the top crypto gainers today on DEXTools, as the broader market downturn worsens. Small-cap cryptocurrencies almost always take the mantle for the top crypto gainers each day. That’s because their low level of liquidity means that...
Pastor Blames God for Commanding a $3.2M Crypto Scam + More Crypto News
23.1.2024
Get your daily, bite-sized digest of blockchain and crypto news – investigating the stories flying under the radar of today’s news. In this edition: Pastor Blames God for Commanding a $3.2M Crypto Scam Solana and Polychain-Backed VC Lead $5M Seed Raise to Challenge Google Bybit Announces ByBUIDLERs...
Kaspersky Labs Uncovers MacOS Malware Targeting Bitcoin and Exodus Wallets
23.1.2024
Cybersecurity firm Kaspersky Labs has uncovered a new strain of malware specifically designed to target macOS users and their Bitcoin and Exodus wallets. The company said in a press release on Monday that the malware is distributed through pirated software and replaces legitimate wallet...
Three Arrows Capital Co-founder Su Zhu Says Prison Was an “Enjoyable Experience Overall”
23.1.2024
Su Zhu, the co-founder of now-collapsed hedge fund Three Arrows Capital (3AC), has shared his thoughts on his time spent in prison, describing it as an “enjoyable experience overall.” During a video podcast, Zhu expressed appreciation for his time behind bars, even claiming that he...
Texas Securities Board Orders Crypto Lender Abra to Return Assets to Investors
23.1.2024
Source: Pixabay Crypto lender Abra has reached an agreement with the Texas State Securities Board to return customers’ frozen funds. The ruling comes after the authority filed an emergency cease and desist order and accused the company of securities fraud. Per the settlement agreement published...
Blockchain Startup Figure Technologies Seeks US Regulatory Approval for Interest-Bearing Stablecoin
23.1.2024
Financial technology company Figure Technologies is seeking approval from US regulators to introduce an interest-bearing stablecoin. Founded by former SoFi Technologies CEO Mike Cagney, if successful, Figure will become the first company to offer a stablecoin regulated as a security within...
Solve the Riddle: Gemini’s Series of Posts on XRP Signals Possible Relisting
23.1.2024
Source: Pixabay Crypto exchange Gemini, founded by the Winklevoss twins, is possibly trying to relist Ripple (XRP) token, crypto community speculates. In a series of posts on X (formerly Twitter), Gemini expressed its interest in the token, hinting a possible expansion of XRP trading options....
Crypto Prices Stabilize as SEC Approval of ETFs Ends Speculation and Reduces Volatility: Fineqia
23.1.2024
Bitcoin’s price has stabilized, closing the week at around $41,600, experiencing a marginal 0.4% decline compared to the previous week’s closing value of approximately $41,750. The reduced volatility can be attributed to the recent approval of ETFs by the SEC, putting an end...
SatoshiVM Team Wallet Activity and 25% Price Decline Cause Rug Pull Fears
22.1.2024
SatoshiVM’s concerning wallet activity and token transfers have raised worries it could be executing an exit rug pull scam. Image by Kerem Goktug Kaya, DALL-E 3. The recently launched cryptocurrency SatoshiVM (SAVM) is being accused of being a scam, with a price decline and suspicions of...
Tron Founder Justin Sun Withdraws Altcoins Worth $60M in One Month
22.1.2024
Source: Adobe / prima91 Justin Sun, founder of Tron and HTX advisor, has reportedly withdrawn $60 million worth of altcoins from Binance exchange in a span of one month. Per data from Lookonchain, Sun withdrew the maximum assets in Ethereum (ETH) worth $43 million, followed by $6.7 million worth...
OSL Executive Director: Hong Kong Expected to Approve Spot Crypto ETFs by Mid 2024
22.1.2024
Hong Kong may witness the launch of its first spot crypto exchange-traded funds (ETFs) by the middle of this year. Gary Tiu, the executive director and head of regulatory affairs at OSL, a Hong Kong-licensed cryptocurrency exchange, said OSL is in close communication with multiple fund companies....
Elon Musk’s X Payments Feature Sparks Speculation Among Crypto Enthusiasts
22.1.2024
Elon Musk’s “everything app,” known as X, has recently created a dedicated account for its upcoming payments feature, igniting speculation within the crypto community about the possible integration of cryptocurrencies. The anticipation is that the X app will introduce in-app...
Scammers Use Meme Coin Mania to Defraud 42,000 Victims and Amass $32 Million: Blockfence
22.1.2024
A group of fraudsters has managed to deceive over 42,000 victims, accumulating a staggering $32 million in a series of crypto scams that began in April 2023. What makes this scam unique is the use of a method that even fooled some of the industry’s renowned “rug pull detectors,”...
Hong Kong Set to Host This Year’s Bitcoin Conference, Lawmaker Says
22.1.2024
Hong Kong will host The Bitcoin Conference this year, local lawmaker Johnny Ng said in a recent post on X. “The Bitcoin conference, the world’s largest fintech conference, is coming to Hong Kong. Let’s paint the city orange!” he wrote. In a separate post, the official X account of...
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...
Trezor Security Breach Exposes 66K Users: Phishing Risks Heightened
21.1.2024
Trezor has reported a security breach that has exposed the contact information of nearly 66,000 of its users. The incident came to light on January 20, when Trezor officially announced that unauthorized access had been identified on a third-party support portal on January 17. According to...