Crypto Lender Nexo Submits $3 Billion Damages Claim Against Bulgaria
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…
Ethereum’s Path To Recovery: Analyst Highlights 3 Key Factors Pointing To A Price Boom
Michael van de Poppe, a prominent crypto analyst, recently outlined three key factors that could herald a bullish phase for Ethereum, the second-largest crypto by market capitalization. One crucial factor he identifies is Bitcoin’s current…
XRP Price Takes Hit, Can Buyers Save The Key $0.50 Support?
XRP price is consolidating above the $0.50 support. The price could gain bearish momentum if there is a close below the $0.50 support. XRP is showing bearish signs below the $0.525 and $0.550 resistance levels. The price is now trading below $0.525…
Ethereum Price Could See Technical Correction But Upsides Might Be Limited
Ethereum price is attempting a recovery wave above the $2,200 zone. ETH could start a decent increase if it settles above the $2,240 resistance. Ethereum started an upside correction from the $2,165 zone. The price is trading below $2,250 and the…
South African Regulator Expects to Determine Fate of 50 Crypto License Applications in ‘Coming Weeks’
The head of enforcement at South Africa’s financial industry watchdog said on Jan. 24 that he expects the organization to decide the fate of 50 crypto firms’ license applicants in the coming weeks. The watchdog stated that from the more than 100…
Bank Of England Reconsiders: Potential Freeze On CBDC Launch Raises Concerns
On January 25, the Bank of England (BoE) and HM Treasury published a response to the Consultation Paper regarding a ‘digital pound’ issued in February of 2023. The consultation paper sought the public’s feedback on introducing a UK central bank…
Bitcoin Price Eyes Recovery But Can BTC Bulls Regain Strength?
Bitcoin price is aiming for an upside break above the $40,500 resistance. BTC bulls could face heavy resistance near $40,850 and $41,350. Bitcoin price is attempting a recovery wave from the $38,500 support zone. The price is trading just above…
Why Cardano Could Be The Next Big Crypto Winner: An Influencer’s Perspective
In a recent video from the crypto-based YouTube channel Cheeky Crypto, the host underscores Cardano’s (ADA) approach, which separates it from its contenders, particularly its reliance on “academic rigor” and “research-driven…
Former Bitmex Chief Expects Bitcoin to Bottom Out Between $30,000 and $35,000
Former Bitmex CEO Arthur Hayes has predicted that bitcoin will find a support level between $30,000 and $35,000. He contends that the ongoing bitcoin selloff is not due to outflows from Grayscale’s bitcoin trust (GBTC). “That argument…
Q4 Triumph For Fantom (FTM): Circulating Market Cap Outpaces All Cryptos With 140% Surge
In the fourth quarter of 2023, the cryptocurrency market experienced a notable resurgence, accompanied by the anticipation of a potential Bitcoin ETF approval. Among the standout performers during this period was Fantom (FTM), a Layer-1 protocol…
Tesla Maintains Bitcoin Holdings — $184M in Digital Assets Shown on Balance Sheet
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…
Analyst Thinks Ethereum Will Explode To $15,000, Cites Favorable Technical Formation
A crypto analyst, Elja on X, predicts that Ethereum (ETH) will reach a staggering $15,000 by 2025 based on technical analysis. The analyst argues that the current bearish sentiment in the crypto market is “temporary.” Moreover, Elja…
Swiss Regulator Grants Approval Enabling Retail Users to Trade Tokenized Securities and Digital Assets
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…
Celo, Shopping for Blockchain Partner, Turns to the Delicate Issue of Money
A standalone blockchain, Celo is looking to migrate to become a layer-2 network atop Ethereum. The months-long selection process has started to look like "The Bachelorette," with teams behind the Arbitrum, Optimism, Polygon and zkSync networks all…
Avalanche Announces Eligibility Criteria for Meme Coin Purchasing Program
The Avalanche Foundation, a non-profit organization seeking to support the avalanche ecosystem, has announced the rules covering its already active meme coin purchasing program. The institution has defined the holder count, concentration…
Rising Stars: Report Highlights 5 Solana Projects Set For Success In 2024
Solana has been on a downward trend over the past week, following a surge from multi-year low levels. The token suffered when its biggest promoter, crypto exchange FTX, fell, but the ecosystem continued to thrive, leading to the high timeframe…
Topps Navigates Web3 Hurdles: Shifts to Fortress Amid Regulatory Challenges in NFT Expansion
This week the collectibles and candy company Topps communicated with its customers regarding its non-fungible token (NFT) initiatives. The company acknowledged encountering challenges with a payment service provider in January 2023, leading to a…
Cardano Defies Bear Market As Smart Contracts Count Sees 10,000 Explosion
The Cardano network continues to defy expectations and prove its doubters wrong. This time, the network has hit a new milestone, which suggests that users are indeed taking advantage of its smart contract functionality. Cardano Sees Significant…
Bitcoin ETF Flows Show Negative Trend For First Time Since Launch
The group of recently launched spot bitcoin exchange-traded funds (ETFs) are seeing combined negative flows for the first time since they opened for trade on Jan. 11 as money moving into funds like BlackRock's IBIT and Fidelity's FBTC has failed to…
Crypto Lender Abra to Return Assets to Texas Investors
Following regulatory scrutiny, crypto lender Abra has agreed to a settlement. The settlement, which focuses on Abra’s alleged unregistered securities offerings, will see the company returning assets to Texan investors. Abra Agrees to Refund…
$130M Silk Road Bitcoin Stash To Be Sold By US Government
Since mid-January Bitcoin (BTC) has been facing mounting selling pressure from various market players. This includes asset manager Grayscale, bankrupt crypto exchange FTX, and now, the US government, which is set to auction off a substantial amount…
Swan Bitcoin Unveils Stealth Mining Operations, Eyes 8 EH/s Goal by 2024 Amid Industry Expansion
The Los Angeles-based firm Swan Bitcoin recently revealed its covert bitcoin mining operations, initiated in the summer of 2023. The company shared on Thursday its anticipation of achieving 8 exahash per second (EH/s) by March 2024. Up to this…
Bitcoin Top: This Is When Bull Run Will Peak According To Past Pattern
An analyst has explained when the next Bitcoin bull run peak might appear, if the same pattern as in previous cycles repeats this time as well. This Is What Previous Bitcoin Cycles Suggest Regarding Bull Run Top In a new post on X, analyst Ali has…
Is it really surprising, given that cats have essentially dominated the internet for the last two decades, that cat memes have finally taken over the Bitcoin space as well in the last few weeks? Cats are the most viral meme on the internet, so it's…
Stablecoin TUSD Remains Below Intended $1 Peg as Avara’s GHO Surges to Near-Peg Heights
Market analysis reveals ongoing stability challenges for the stablecoin trueusd in maintaining its targeted $1 peg. As of 10:30 a.m. Eastern Time (ET) on Jan. 25, 2024, the token’s trading value fluctuated between $0.979 and $0.981…
Bitcoin Attracts Millions In Chinese Capital Despite Ban: Report
Chinese investors remain resolute in their pursuit of Bitcoin, despite the government’s ban since 2021. Bitcoin continues to attract substantial investment from Chinese capital, as Reuters reports today. Mainland China Is Still Buying Bitcoin…
Russia Mulls Cryptocurrency Mining Disconnection Proposal
Cryptocurrency miners might be disconnected for up to 500 hours per year in Russia, according to a proposal supported by the State Duma Energy Committee to tackle the energy deficit in some regions. The initiative would be an alternative to…
Spot Ether ETF Applications Decisions Delayed by SEC
The U.S. Securities and Exchange Commission delayed an application by Grayscale Investments to convert its Ethereum trust product into an exchange-traded fund (ETF), a day after pushing back a decision on an application from BlackRock to launch an…
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