210 / 341 Relevant items tagged with #CRYPTO
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US Government to Sell $116 Million in Bitcoin Seized From Darknet Dealer ‘Xanaxman’
[Jan 26, 2024 9:30 AM] The forfeiture division of the U.S. government has announced its plan to sell 2,933.64 bitcoin. These were confiscated from Ryan Farace, who faced charges in 2021 for laundering proceeds from drug trafficking. Farace, also known by his alias…
Bitcoin Technical Analysis: BTC Reclaims $41K Mark Following Short-Term Consolidation
[Jan 26, 2024 8:00 AM] At present, the price of bitcoin is $41,106, marking a significant climb from its 24-hour low of $39,538 and peaking at $41,474. This upward movement signifies a 3% gain within the last day, reflecting a surge of optimistic sentiment among…
Core DAO Launches $5 Million ‘Innovation Fund’ to Support Africa-Based Web3 Developers
Armored Truck Giant Brink’s Partners With Bitgo
Sygnum Bank Surpasses $40 Million in Strategic Funding Round
[Jan 26, 2024 1:00 AM] Sygnum Bank has outperformed its funding expectations in a strategic growth round. The company’s focus now shifts to global expansion and further development of its regulated digital asset products. Sygnum Surges Past Funding Goals, Reaching…
Shiba Inu On Fire: Over 12 Million SHIB Vaporized – Impact On Price
[Jan 26, 2024 12:13 AM] The Shiba Inu meme coin community is currently abuzz with a palpable sense of excitement, courtesy of two key developments: a surge in token burning and promising advancements in the Shibarium layer-2 solution. While the cryptocurrency market is…
Crypto Lender Nexo Submits $3 Billion Damages Claim Against Bulgaria
[Jan 25, 2024 11:30 PM] 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
[Jan 25, 2024 11:00 PM] 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…
South African Regulator Expects to Determine Fate of 50 Crypto License Applications in ‘Coming Weeks’
[Jan 25, 2024 10:00 PM] 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…
Why Cardano Could Be The Next Big Crypto Winner: An Influencer’s Perspective
Former Bitmex Chief Expects Bitcoin to Bottom Out Between $30,000 and $35,000
Q4 Triumph For Fantom (FTM): Circulating Market Cap Outpaces All Cryptos With 140% Surge
[Jan 25, 2024 8:00 PM] 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
Avalanche Announces Eligibility Criteria for Meme Coin Purchasing Program
[Jan 25, 2024 4:30 PM] 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…
Topps Navigates Web3 Hurdles: Shifts to Fortress Amid Regulatory Challenges in NFT Expansion
[Jan 25, 2024 3:30 PM] 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…
Crypto Lender Abra to Return Assets to Texas Investors
[Jan 25, 2024 2:30 PM] 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
[Jan 25, 2024 2:00 PM] 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
[Jan 25, 2024 1:30 PM] 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…
Stablecoin TUSD Remains Below Intended $1 Peg as Avara’s GHO Surges to Near-Peg Heights
[Jan 25, 2024 12:30 PM] 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…
Russia Mulls Cryptocurrency Mining Disconnection Proposal
[Jan 25, 2024 11:30 AM] 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…
Bitcoin Mining Rig Manufacturer Canaan Raises $50 Million Through Preferred Shares Sale
[Jan 25, 2024 10:30 AM] In a recent disclosure to the U.S. Securities and Exchange Commission (SEC), Canaan, a publicly traded manufacturer of bitcoin mining rigs, announced it has secured $50 million through the sale of preferred shares. This follows a successful…
Canadian Court Declares Freeze on Crypto Donations During ‘Freedom Convoy’ Protests Unconstitutional
Helium (HNT) Heats Up: 21% Jump After Telefónica Deal Ignites Growth
[Jan 25, 2024 9:00 AM] In a landmark move, Telefonica, the world’s 27th largest telecom, has partnered with Nova Labs to roll out Helium mobile hotspots in Mexico. This initiative aims to address the persistent issue of limited internet access in underserved…
Grayscale’s GBTC Offloads $527M in Bitcoin as Spot ETFs Record Lower Trading Volumes; Other Funds Continue BTC Accumulation
[Jan 25, 2024 8:00 AM] Based on the latest data, the recently introduced spot bitcoin exchange-traded funds (ETFs) experienced their lowest trading volume day since Jan. 11, 2024, recording roughly $1.28 billion in volume on Wednesday. Additionally, figures indicate that…
Digital Pound Legislation Will Provide Protections to Privacy and Control, Govt Says
[Jan 25, 2024 4:33 AM] Many respondents to the digital pound consultation said that they had concerns about privacy and control.
Samourai Wallet, Strike and Others Ask FinCEN to Withdraw Proposed Rules Tied to Crypto Mixing
[Jan 25, 2024 4:30 AM] Samourai Wallet, River, Strike, Swan, and other companies in the cryptocurrency space have sent a letter to the Financial Crimes Enforcement Network (FinCEN), commenting on the proposed rules over mixing transactions introduced in October. These…
XRP Faces Bearish Pressures Amid Market Downturn: Analysts Divided On Next Move
[Jan 25, 2024 4:20 AM] XRP, the native cryptocurrency of the Ripple network, became a focal point in the face of the recent downturn in the broader market, facing the consequences of breaching a crucial support level and prompting uncertainties regarding its immediate…
Uma’s Latest Innovation Oval Promises Fairer Profit Distribution in Defi
[Jan 25, 2024 2:30 AM] UMA has officially introduced Oval, a novel product designed to optimize the use of oracle data by defi protocols. This tool changes how protocols manage oracle-based MEV, enhancing efficiency and fairness in Ethereum’s blockchain profits…
Recovery Dim? Ethereum Faces Potential Slide Towards $2,000
[Jan 25, 2024 2:01 AM] Ethereum, the linchpin of the decentralized application ecosystem, finds itself navigating a precarious path this week. The cryptocurrency’s value, having breached the pivotal $2,250 support level, now teeters on the edge of a decisive…