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Solana-Based Meme Coin BONK Surges 45% after Coinbase Listing
14.12.2023
Source: Adobe Solana-based meme coin BONK has gained more than 45% in the past 24 hours following the announcement of its listing on prominent exchange Coinbase. The move positions BONK as the third-largest meme coin, trailing only Dogecoin (DOGE) and Shiba Inu (SHIB), to be offered on...
SEC Delays Decision on Invesco Galaxy’s Ethereum ETF Until February 2024
14.12.2023
Source: DALL·E The U.S. Securities and Exchange Commission (SEC) has postponed its decision on Invesco Galaxy’s spot Ethereum exchange-traded fund (ETF) application, new decision to be made in 2024. According to the SEC’s latest filing, the decision, initially expected by December 23, 2023...
Gemini Earn Users Face Potential 70% Reduction in Promised Bitcoin Payouts Under Proposed Reorganization Plan
14.12.2023
Image Source: Shutterstock Gemini Earn creditors could potentially face up to 70% reduction in their promised crypto payouts as part of a proposed reorganization plan. The plan, outlined in an email sent by Gemini Trust on December 13, has now been put up for a vote, leaving creditors with...
Russian Ministry of Finance Proposes Exporting Cryptocurrencies as a Commodity, akin to Natural Gas
14.12.2023
Source: Pixabay The Russian Ministry of Finance has presented the idea of exporting cryptocurrencies as a product of mining activities. The move is intended to position digital currencies on an equal footing with traditional exports, such as natural gas, potentially reshaping the landscape of...
South Korea to Prioritize Innovation in Next Phase of Crypto Regulations
14.12.2023
Source: Pexels South Korea’s authorities have expressed a commitment to balance investor protection with fostering technological innovation in next phase of crypto regulations. Kim So-young, Vice Chairman of the Financial Services Commission, emphasized the need for regulations to strike this...
Brazil Expansion Is “Central Focus” for Coinbase
14.12.2023
Source: Rochu_2008/Adobe The crypto exchange giant Coinbase says that Brazil has “become a central focus” in its “global growth strategy.” The Brazilian media outlet Livecoins said Coinbase recognized “Brazil’s growing importance in the cryptocurrency market.” And it said the exchange...
Bitwise Analyst Predicts Bitcoin Price to Trade Above $80K Amid Halvening and ETF Launch in 2024
14.12.2023
Source: Pexels Bitwise’s senior research analyst, Ryan Rasmussen, predicted a new all-time high for Bitcoin price next year, surpassing $80,000. The prediction aligns with the anticipated launch of the first spot Bitcoin ETF and the scheduled halving event in April 2024, identified as pivotal...
Russia Poised to Let Miners Sell Coins Abroad as ‘Exports’
14.12.2023
Source: artiemedvedev/Adobe Russian industrial miners may be given the right to sell cryptoassets as “export products,” the nation’s finance ministry said. Per RBC, the country’s Deputy Minister of Finance Ivan Chebeskov made the comments at a round table event named “Cryptocurrency and the Future...
Blockstream Completes $5M Series 1 Raise, Set for Acquisition of New ASIC Miners
14.12.2023
Source: Pexels Leading Bitcoin timechain technology firm Blockstream has announced the successful completion of its Series 1 Blockstream ASIC (BASIC) Note raise, securing an impressive $5.07 million. After a successful $5M raise in the first Blockstream ASIC (BASIC) Note series and the swift...
Justin Sun Says Customer Assets Are 100% Safe Despite $200 Million Hacked From Exchanges
14.12.2023
Source: YouTube / CNBC Customer deposits at sibling crypto exchanges HTX and Poloniex are “100% safe” despite multiple recent hacks, according to Justin Sun – the owner of both platforms. In conversation with CoinDesk, said that both platforms have recovered from the hack, and have already resumed...
Bitcoin Exchange CoinMENA Receives Operating License From Dubai’s VARA
13.12.2023
Source: Pexels A subsidiary of the Bahrain-based Bitcoin exchange, CoinMENA FZE, has been granted a Virtual Asset Service Provider (VASP) license by Dubai’s Virtual Asset Regulatory Authority (VARA). This marks the seventh VASP license issued by the Dubai regulator. In a press release,...
Bitcoin Price Pumps As Dovish Fed Signals Three Rate Cuts in 2024 – Where Next for BTC?
13.12.2023
Source: Adobe The Bitcoin (BTC) price is pumping on Wednesday amid a dovish reaction across traditional asset markets to the US Federal Reserve’s latest policy announcement. BTC was last up 3.2% on the day and trading in the upper $42,000s, with bulls eyeing a near-term retest of yearly highs...
Worldcoin Unveils Integrations With Minecraft, Reddit, Telegram, Shopify, and Mercado Libre
13.12.2023
Source: Pixabay Worldcoin has introduced an updated version of its World ID feature, known as “World ID 2.0.” In a press release published Tuesday, Worldcoin announced that its new version would be integrated with Minecraft, Shopify, Mercado Libre, Reddit and Telegram, allowing users...
Messaging App LINE Secures $140 Million for Expansion of NFT Platform
13.12.2023
Source: Pixabay The NFT arm of messaging app LINE has raised $140 million in investment to “popularize the Web3 ecosystem.” In a statement released on Wednesday, LINE NEXT, LINE’s South Korea-based NFT unit, claimed the investment was “the largest in the Asian blockchain and Web3 industry this...
ECB Study Reveals Minimal Environmental Impact of Euro Banknotes – How Does Crypto Compare?
13.12.2023
Source: Adobe / nmann77 It’s not just crypto: old-fashioned banknotes have a noticeable energy footprint worth reducing, according to the European Central Bank (ECB). In a newly published report, the central bank outlined how the elaborate physical infrastructure used to support eurozone cash...
Cardano Foundation Launches Identity Wallet For Seamless Interaction With DApps
13.12.2023
Source: AdobeStock / RareStock Swiss-based Cardano Foundation, the non-profit organization created to promote the Cardano blockchain ecosystem, is introducing a new digital Identity Wallet. The new product is compatible with the World Wide Web Consortium (W3C), an international standards...
“Banks Work, Bitcoin Doesn’t” Wikipedia Co-founder Fires Shots at Bitcoin, Community Responds
13.12.2023
Bitcoin Wikipedia Source: Adobe / piter2121 Wikipedia co-founder Jimmy Wales criticized Bitcoin (BTC) on the asset losses when users forget their wallet passwords against the reality of centralized finance sparking wide controversy among crypto enthusiasts. Wales wrote on X (formerly Twitter)...
Crypto to be Measured at Fair Value in US Under New FASB Rules – Here is the Bitcoin (BTC) Price Reacted
13.12.2023
Source: DALL·E US companies that hold crypto will be required to record their tokens at the most up-to-date or “fair value”, according to the first set of crypto accounting rules issued by the US Financial Accounting Standards Board (FASB), and crypto prices are pushing higher as a result. ⚠ CRYPTO...
BTC Derivatives Show Resilience Amidst Fluctuations, Eye $50K Target
13.12.2023
Source: Adobe / photoschmidt Despite Bitcoin (BTC) trading below its 2023 high and struggling to stay above the $41,000 mark, derivatives data suggests traders remain optimistic, eyeing a $50,000 target and beyond. While a $127 million liquidation of leveraged long Bitcoin futures occurred...
3AC’s Su Zhu Examined in Singapore Court as Prosecutors Seek to Recover Creditor’s Assets
13.12.2023
Source: Adobe/Christophe Fouquin Three Arrows Capital’s (3AC) co-founder Su Zhu was probed in a Singapore court for the first time about the company’s collapse as prosecutors intensified efforts to recover funds belonging to creditors. According to a recent Bloomberg report, Zhu will be subject...