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Stablecoin Storm — Gemini’s GUSD Shrinks 93% Amidst Market Turbulence
3.1.2024
Over the past few years, the stablecoin market has significantly slowed, particularly since mid-2022, following the collapse of Terra’s stablecoin. Additionally, last year, the New York Department of Financial Services (NYDFS) instructed Paxos to cease the issuance of BUSD. Beyond these...
Stablecoins Can Help Fix the Current Lending Market
3.1.2024
The Global Financial Crisis reduced the depth of capital markets. Blockchain-based stablecoins can help fill the gap, say Christine Cai and Sefton Kincaid, of Cicada Partners
Ethereum Technical Analysis: ETH Slides Over 8% Amid Downward Market Pressure
3.1.2024
In the ever-volatile world of crypto assets, ethereum has exhibited a notable decline, with an 8.1% decrease in price over the past 24 hours. Technical indicators and chart patterns suggest a bearish sentiment in the air, urging traders to navigate with caution. Ethereum Ethereum’s (ETH)...
Matrixport Analysis: SEC to Reject ETF Applications in January with Final Approval Pushed to Q2 2024
3.1.2024
Source: Pixabay Cryptocurrency financial services company, Matrixport has projected a possible rejection of spot Bitcoin (BTC) ETF applications in January with final approval in the second quarter of the year. In a Jan 3 market research, the firm gave reasons why the Securities and Exchange...
Bitcoin Technical Analysis: BTC 15th Anniversary Celebrations Marred by Market Mayhem
3.1.2024
In the wake of bitcoin’s 15th anniversary, the cryptocurrency behemoth confronts a challenging market terrain, as its price dipped 6.7% to prices between $42,350 to $42,619 amidst swirling rumors of spot bitcoin exchange-traded fund (ETF) rejections. Bitcoin The past day saw bitcoin’s...
Fidelity Undercuts Bitcoin ETF Market with Low 0.39% Fee
3.1.2024
Source: iStock/pichet_w With the Securities and Exchange Commission (SEC) nearing the potential approval of the first Bitcoin (BTC) exchange-traded funds (ETFs), issuers are vying for an early advantage to capture investor interest. Specifically, Fidelity has set a highly competitive fee of 0.39%...
Over $460 Million Longs Liquidated in Past Hour as Bitcoin Drops 8% on Spot ETF Delay Rumors
3.1.2024
Image Source: Pixabay More than $460 million in longs liquidated across the crypto market over the past hour alone after the price of Bitcoin dropped by 8% on rumors that the SEC might delay spot ETF approval. According to data by CoinGlass, long traders suffered around $462 million in losses...
Bitcoin ETF is Fully Priced In, Argues Analyst Glen Goodman
3.1.2024
Glen Goodman. Source: a video screenshot,Cryptonites TV / YouTube In a recent interview, analyst Glen Goodman, author of The Crypto Trader, discussed if a spot Bitcoin exchange-traded fund (ETF) is priced in, and what could happen if the “unknown factor”, Gary Gensler, decides to delay...
Is Filecoin Going to Zero? FIL Price Dips 4% as New Bitcoin Platform Hits $7.2 Million
3.1.2024
Source: Dall•E 3 The FIL price has dropped by as much as 4% in the past 24 hours, slipping to $7.48 as the wider crypto market suffers a 1% decline today. Despite the dip, Filecoin remains up by 31% in a week and by 54% in the last 30 days, with the altcoin also having […]
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Wallet Drainers Make Off with $295 Million from 320,000 Users in 2023: Scam Sniffer
3.1.2024
Source: AdobeStock / Tomasz Bidermann Popular crypto phishing scams drained almost $300 million from 320,000 users in 2023 with figures increasing monthly as bad actors deploy sophisticated techniques. In a recent publication, cryptocurrency security firm, Scam Sniffers analyzed the market trends...
How BlackRock’s ETF Approval Alters the Landscape and Affects Cogwise, Which is Revolutionizing Stock and Cryptocurrency Trading
3.1.2024
The world of cryptocurrency has seen a surge in popularity over the past few years, with many investors turning to digital currencies as a way to diversify their portfolios. However, with the increasing number of cryptocurrencies on the market, it can be difficult to make informed investment...
Crypto Veteran Lyn Alden Targets $200,000 Bitcoin, Says $100,000 Would Be Disappointing for this Bull Market
3.1.2024
Bitcoin Logo / Source: Adobe Well-known macro expert and crypto veteran Lyn Alden believes that a peak of $100,000 for Bitcoin (BTC) during the next bull market would be a rather underwhelming outcome for the ongoing bullish cycle. Lyn Alden shared her thoughts on Bitcoin’s future price...
Radiant Capital Reports Exploit of $4.5 Million Ethereum Loss
3.1.2024
Source: Radiant Capital (Edited by Hongji Feng) Radiant Capital has confirmed a security breach in its network, leading to the theft of Ethereum valued at approximately $4.5 million. According to the blockchain security company PeckShield Inc., the hacker drained 1,900 Ethereum tokens within...
Whales Are Now Backing This Token Over Shiba Inu (SHIB); Here’s Why
3.1.2024
The world of cryptocurrencies is known to be quite volatile, with the influence of major investors and fluctuating investor sentiments constantly shaping the market. Amidst this ever-changing environment, a new player has emerged that is garnering the attention of major investors and could...
Bonk Price Prediction as BONK Dumps 10% – Can It Bounce At Key $0.0000125 Support?
3.1.2024
Bonk! ($BONK) Chart / Source: Investing.com Bonk! ($BONK), the third largest meme coin by market cap and a flagship token of the Solana (SOL) ecosystem, dropped close to 10% on Tuesday, as the broader crypto markets succumbed to sell pressure following a promising start. Solana (SOL), to which...
Spot ETF Approvals Will See BTC Value Rising to $50,000 in January — Matrixport
3.1.2024
The expected approval of spot bitcoin exchange-traded funds (ETFs) applications by the U.S. Securities and Exchange Commission will see the top crypto asset’s price jumping to $50,000 in January, the latest market preview by Matrixport has predicted. The crypto financial services platform...
Best Crypto to Buy Now January 2 – Mina Protocol, Sei, Sui
2.1.2024
Mina Protocol, Sei Network, Sui, Sponge V2, and Launchpad XYZ top the watchlist for the best crypto to buy now on January 2, 2024. Image by cryptonews.com. With the SEI price climbing to around $0.76, reflecting a robust market performance, SEI has positioned itself as one of the best cryptos...
Bitcoin Price Prediction as Market Cap Nears $900 Billion – Can BTC Maintain Its Momentum?
2.1.2024
As Bitcoin (BTC/USD) commences 2024 with an impressive 2.47% rise in value, reaching $44,907 on January 2, the cryptocurrency market watches closely. This increase not only highlights a significant trading volume of over $39 billion within 24 hours but also cements Bitcoin’s dominant position...
Crypto Whales are Accumulating This AI Crypto Coin For a 2024 Rally – What Do They Know?
2.1.2024
AI crypto platform yPredict is nearing the end of presale for its $YPRED token. Image by Kerem Goktug Kaya, DALL-E 3. The crypto market has seen incredible technological advancements in recent years, with projects utilizing artificial intelligence (AI) at the forefront of this progress. AI-focused...
AI Crypto Assets Skyrocket 540% in Under a Year, Hitting $7 Billion Market Cap
2.1.2024
The sector of crypto economy dedicated to artificial intelligence (AI) has been expanding steadily, and in the past 34 days, since Nov. 29, 2023, the market capitalization of AI-focused crypto assets has surged by $1.75 billion. A majority of the leading ten AI tokens experienced substantial...