This Week’s Biggest Gainers and Losers: BONK, ORDI, BTT Lead Triple-Digit Growth in Booming Crypto Market
In the last week, bitcoin’s value surged by over 14% while ethereum also experienced a notable 13% increase against the U.S. dollar. Alongside these top contenders, a considerable number of other cryptocurrencies have also enjoyed…
Ethereum Technical Analysis: ETH Bulls Continue to Break Upper Resistance Levels
On Friday, December 8, 2023, ethereum’s trading concluded with a 4% rise, settling at $2,358. This jump was observed within a daily trading range from $2,245 to $2,385. Underlying this upward trajectory was ether’s market cap of $283…
Bitcoin Technical Analysis: A Lull in Bullish Activity as BTC Enters Consolidation
As bitcoin stabilizes near $43,654, its market dynamics reveal a mixture of optimism and caution. Oscillators are currently in a neutral to bearish state, and moving averages are indicating a robust buying trend, creating a complex scenario for…
Samourai Wallet Calls out Ocean Pool for Censoring Whirlpool Privacy Transactions
Samourai, a privacy-focused bitcoin wallet, revealed the changes in the recent Bitcoin Knots software used by Ocean, a Bitcoin mining pool, censor Whirlpool transactions, a kind of coinjoin operation. The wallet explained that Ocean is pursuing a…
Nigerian Crypto Firm Bitmama to Pay $1 Million for Startup That Raised $3 Million in February
The Nigerian crypto platform Bitmama is reportedly set to acquire the African remittances startup Payday for $1 million. Reports of Payday’s acquisition come almost a year after the startup raised $3 million in a funding round…
Institutional Traders’ BTC Holding Percentage Increased ‘Almost Twofold’ Between January and September — Study
The bitcoin held by institutional traders (INS) in their respective crypto portfolios saw an “almost twofold” increase in the initial three quarters of 2023. Institutional traders’ BTC allocation shifted from under 40% in…
Former Paxful Top Executive Ray Youssef Joins Rival P2P Platform Noones as CEO
Ray Youssef, the former CEO and founder of the peer-to-peer (P2P) bitcoin trading platform Paxful, has been appointed the chief executive officer of the P2P financial communication app Noones. Youssef also reiterated his belief that bitcoin will…
UAE Bitcoin Miner Signs Order Worth Over $380 Million With Microbt
United Arab Emirates-based bitcoin miner Phoenix Group PLC has signed an order worth more than $380 million with Whatsminer mining rig maker Microbt. Bijan Alizadehfard described the collaboration with Microbt as a reflection of his company’s…
Binance Founder CZ Remanded to Remain in Continental US, Travel to UAE Prohibited
Changpeng Zhao, better known as CZ, the founder of Binance, has recently grappled with significant legal hurdles in the U.S. His guilty plea in a notable case led a Seattle federal judge to impose movement restrictions on him. Former Binance Boss…
Peter Schiff Says Global Tax Chiefs’ Only Enforcement Success Is Its ‘Failed’ Action Against His Bank
Economist Peter Schiff says the only enforcement success of the Joint Chiefs of Global Tax Enforcement (J5) is its “failed” action against his bank, allegedly aimed to “put a stop to the suspected facilitation of offshore tax…
Robert Kiyosaki Warns ‘This Next Crash May Turn Into a Depression’
Rich Dad Poor Dad author Robert Kiyosaki has warned that a soft landing for the U.S. economy is a fantasy, emphasizing that a crash landing is more likely. Noting that he already warned of this giant crash in his Rich Dad’s Prophecy book, the…
JPMorgan CEO Jamie Dimon Says He’d Close Crypto Down if He Were the Government
JPMorgan Chase CEO Jamie Dimon told U.S. senators in a congressional hearing that he would close down crypto if he were the government. Emphasizing that he has always been “deeply opposed” to crypto and bitcoin, the executive stressed…
Brazil to Discuss Digital Currency Usage for Financial Transactions in G20
Brazil will address the subject of digital currencies and how they can improve the financial system for the Group of Twenty (G20). Roberto Campos Neto, president of the Central Bank of Brazil, stated he wants the G20 to consider the benefits of…
Report: Terraform Labs Co-Founder Do Kwon to Be Extradited to the US
Terraform Labs’ co-founder, Do Kwon, is on the brink of extradition to the United States from Montenegro. This development follows a decisive ruling by a high court and the endorsement from a top official. According to The Wall Street…
Satoshi Era Bitcoin Awakens: 2010 Block Reward Moves 3 Days After Mega Whale Activity
After the notable appearance of a mega whale on December 4, another block reward from the Satoshi era was moved on December 7, at a block height of 820,156. This transaction marks the 21st block reward from 2010 to be spent in the initial week of…
Sotheby’s Announces Auction of Bitcoin-Based ‘Bitcoinshrooms’ Collection
Sotheby’s, the world’s oldest fine art auction house, recently declared its intention to conduct an auction featuring Bitcoin-based Ordinal inscriptions, marking a first in the auction house’s history. This online event is set…
Tether’s Market Cap Soars by Over 35% to $90 Billion in 2023, Nearing Top 100 Global Assets
Tether, the leading stablecoin by market capitalization, has seen its supply increase by 5.5% in the last month, achieving a significant market valuation of $90 billion. Since 2015, Tether’s Market Cap Has Swelled by 35,912,812% Since the…
Iris-Scanning Crypto Project Worldcoin Launches Community Grants Program
Recently, the Worldcoin Foundation unveiled the launch of its community grants program, beginning with its first phase, Wave0. In the crypto economy, Worldcoin’s WLD token has not experienced the growth that other crypto assets have enjoyed…
Bitcoin Developer Luke Dashjr States Inscriptions Are Exploits, Hints at Future Fix
Luke Dashjr, bitcoin developer and Mummolin’s CTO, has reiterated his negative opinion about Ordinal inscriptions, stating these leverage and exploit a vulnerability in the Bitcoin Core full node software implementation. Dashjr also hinted…
Zero Knowledge Rollups as a Service Hasten the ‘Implementation of Secure and Scalable Networks’ — Alvaro Fernandez
Alvaro Fernandez, the Chief Operations Officer (COO) at Lumoz, has stated that while zero-knowledge rollups have demonstrated exceptional security and scalability, the technology is still not user-friendly. To address this issue, networks should…
Residents of Swiss City of Lugano to Pay Taxes With Bitcoin
Citizens of the Swiss city of Lugano can now settle their tax bills and other community fees with bitcoin and the stablecoin tether. By adding crypto to payment options, Lugano joins three other Swiss cities and cantons which already accept crypto…
Rewarding Hackers With Bug Bounties ‘Inherently Creates a Moral Hazard’ Says Expert
Rewarding hackers who agree to return a portion of the stolen funds not only “creates a moral hazard” but potentially “leads to more security breaches,” a Web3 expert has argued. The recent attacks on Kronos and Kyberswap…
Warren Buffett-Backed Nubank Collaborates With Circle and Talos to Increase Crypto Access in Brazil
Warren Buffett-backed Nubank is collaborating with crypto firms Circle and Talos to increase crypto access and adoption in Brazil. Nubank Cripto has added 11 new cryptocurrency options to the platform this year. “We continue to see strong…
Judge Greenlights Plea Deal in High-Profile Binance Case; CZ Faces Sentencing in 2024
A U.S. federal judge has endorsed the plea deal agreed upon between the U.S. government and Changpeng Zhao, the founder of Binance, widely known as “CZ.” Judge Richard Jones approved the plea in a recent court document, setting the sentencing for…
US Lawmaker Blasts SEC for Deliberately Obfuscating Crypto Regulations — Questions Chair Gensler’s Personal Agenda
A U.S. lawmaker has slammed the Securities and Exchange Commission (SEC) for having a deliberate policy preference to provide less clarity to the crypto market. “The SEC is not adhering to the law. That’s why it keeps losing in court,”…
New Jersey Bill Proposes Classifying All Crypto Tokens Sold to Institutional Investors as Securities
A bill has been introduced in the U.S. state of New Jersey to classify all cryptocurrencies issued and sold directly to institutional investors as securities. In contrast, the U.S. Securities and Exchange Commission (SEC) has previously stated that…
Blackrock’s Spot Bitcoin ETF Filing Update Addresses Potential Classification of BTC as a Security by SEC
Blackrock, the world’s largest asset manager, has warned in its latest spot bitcoin exchange-traded fund (ETF) filing update of the potential for bitcoin to be classified as a security by the U.S. Securities and Exchange Commission (SEC)…
TEAMZ WEB3/AI Summit 2024: Japan’s Tech Spectacle on April 13-14 at Toranomon Hills
PRESS RELEASE. The TEAMZ WEB3 / AI SUMMIT represents an evolution from the TEAMZ WEB3 SUMMIT 2023, previously recognized as one the most significant and influential events in Japan’s Web3 landscape. For 2024, we’re expanding our focus to encompass…
Elon Musk’s X Secures 12 Money Transmitter Licenses — X.AI to Raise $1 Billion in Equity Offering
Elon Musk’s social media company, X, has obtained 12 money transmitter licenses across the United States. Furthermore, his artificial intelligence (AI) company, X.AI, stated in a filing with the U.S. Securities and Exchange Commission (SEC)…
Coinbase Wallet Launches Global Money Transfers With Link-Based Payments
Coinbase has unveiled a new feature to its wallet service, streamlining international fund transfers. This new update aims to make the transfer of funds as effortless as sending a text. Coinbase Unveils Link-Based Money Transfer Service Coinbase…
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