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   Business News    Financial News   Financial News

  Posted by u/ 9 months ago

NFT predictions for 2024: Trends and challenges coming next year

Cointelegraph spoke with Web3 professionals to see what trends and challenges they predict the NFT space could face in 2024.

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  Posted by u/ 9 months ago

Bullish? This Hasn?t Happened to Bitcoin (BTC) in Over a Year

The number of bitcoins that exited centralized exchanges on Wednesday has not been seen since December 14, 2022.

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  Posted by u/ 9 months ago

Bitcoin miners reduce BTC holdings as 'miner price' nears $65K

Bitcoin miner profitability is on show for all to see amid concerns over BTC price susceptibility to their activities.

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  Posted by u/ 9 months ago

CryptoQuant Report: ETF Approval Could Lead to ?Sell the News? Price Action for Bitcoin

The expected approval of a spot Bitcoin ETF might not translate into a price surge, according to a note by blockchain data firm CryptoQuant.

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  Posted by u/ 9 months ago

Price analysis 12/29: BTC, ETH, BNB, SOL, XRP, ADA, AVAX, DOGE, DOT, MATIC

Bitcoin price remains rangebound but several altcoins that have seen sharp rallies are now witnessing profit-booking.

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  Posted by u/ 9 months ago

Bitcoin Miners Unload 3,000 BTC, Eyes on Price Impact: Data

In 2023, revenue generated by Bitcoin miners exceeded $10 billion.

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  Posted by u/ 9 months ago

ARK Invest Spearheads Bitcoin ETF Amendment Rush Ahead of SEC Deadline

ARK Invest has taken the lead in filing the final Form S-1 amendment for its proposed spot Bitcoin ETF ahead of an SEC deadline.

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  Posted by u/ 9 months ago

Indonesian police shut down 10 Bitcoin mining operations: Report

According to a local report, Indonesian law enforcement confiscated 1,134 Bitcoin machines, claiming an electricity theft nearing $1 million.

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  Posted by u/ 9 months ago

BNB Takes Back 4th Place From SOL With 12% Surge, BSV Explodes 60% (Market Watch)

BNB has finally caught to the recent altcoin rally, having surged by 12% and tapping $330.

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  Posted by u/ 9 months ago

Crypto Exchange Bitzlato Halts Withdrawals Following Co-founder?s Guilty Plea in $700M Case

Bitzlato's temporary withdrawal suspension comes a few weeks after its co-founder, Anatoly Legkodymov, pleaded guilty to money laundering charges.

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  Posted by u/ 9 months ago

Catalyx Exchange Halts Operations Post Security Breach, Probing Potential Insider Involvement

Canadian cryptocurrency exchange Catalyx has temporarily suspended trading and withdrawals on its platform after discovering a security breach that it suspects may involve one of its employees.

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  Posted by u/ 9 months ago

OKX Crypto Exchange Announces Plans to Delist Privacy Coins in 2024 ? What?s Going On?

Crypto exchange OKX will delist eight privacy-focused coins in a few days. These include monero, zcash. and dash, among others.

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  Posted by u/ 9 months ago

Avalanche Foundation Dives into Memecoin Market with $100 Million NFT Initiative

The Avalanche Foundation, the nonprofit organization overseeing the development of the Avalanche Network, aims to allocate its $100 million NFTincubator fund to purchase memecoins.

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  Posted by u/ 9 months ago

SOL for $16? FTX Faces Backlash Over Valuation of Customer Claims in Repayment Plan

FTX reveals repayment plan, valuing customer digital assets based on 2022 market rates after exchange collapse.

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  Posted by u/ 9 months ago

Top Crypto Gainers Today on DEXTools ? CAT, POLAR, WHAT

Blue-chip cryptocurrency markets have been chopping all over the place on Friday, amid a wave of option expiries on the final day of trade of the year for traditional asset markets (crypto markets never shut, so the final day of trade of the year will be the 31stof December).

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  Posted by u/ 9 months ago

Pink Drainer Hackers Drain $4.4 Million in LINK

In the year 2023, Pink Drainer managed to illicitly obtain a staggering sum of $18.7 million from a total of 9,068 unsuspecting users.

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  Posted by u/ 9 months ago

FTT price prediction amid FTX?s repayment proposal as new hybrid exchange emerges

FTX Exchange bankruptcy and customer claims turmoil. FTT’s price rollercoaster: bullish momentum, bearish setbacks, technical signals. Pullix emerges as a DeFi alternative: PLX token’s Trade-to-Earn model. A recent court filing has revealed that FTX is seeking approval to repay customer claims in US dollars, sparking debates among creditors. Meanwhile, FTT’s unpredictable journey adds intrigue to […]

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  Posted by u/ 9 months ago

Monero, Zcash, Memeinator price prediction ahead of Bitcoin ETF approval

Bitcoin is above $42k as bullish sentiment around spot Bitcoin ETFs increases.  Will the outlook for BTC and top altcoins be replicated by privacy coins Monero and Zcash?  Could Memeinator outperform the two coins? Monero (XMR) and Zcash (ZEC) have lagged other top altcoins over the past several months, with XMR and ZEC up just […]

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  Posted by u/ 9 months ago

Meme Moguls grabs investor attention as trader turns $62 into $2M with Solana meme coin

Meme Moguls (MGLS) has accelerated its presale as more participants bet on the new meme-based assets platform. Increaased investment in MGLS comes as one trader reportedly turns 1 SOL ($62 at the time) into $2 million as they traded a Solana-based meme coin. MGLS is priced at $0.0025 and in stage 3 of the presale. […]

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  Posted by u/ 9 months ago

Top Staking Coins for 2024 ? $ADA, $MATIC, $NEAR, $SOL, $GFOX

Welcome to the fast-paced world of cryptocurrency, where the landscape is constantly evolving and new opportunities arise at every turn. In this dynamic space, strategic investors are always on the lookout for the next big thing. Today, let’s look into the top staking coins for 2024, exploring the potential of $ADA, $MATIC, $NEAR, and $SOL.  […]

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  Posted by u/ 9 months ago

MemeAlert! CorgiAI Flips Pepe, As $GFOX Closes in on $2 Million

CorgiAI ($CORGIAI) is one of the fastest-growing meme coins in the market. Based on the Cronos blockchain, CorgiAI has been on a spectacular tear throughout the year, even surpassing well-known memecoins Floki and Pepe the Frog. But CorgiAI isn’t the only recent entry into the world of best meme coins to buy. $GFOX also burst onto […]

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  Posted by u/ 9 months ago

Hut 8 to manage mining operations for Celsius?s newly-created MiningCo

Hut 8 says it will manage mining operations for MiningCo at five sites under a four-year contract. The digital asset miner will oversee 122,000 miners with 12 EH/s of computing capacity and over 300 MW of energy. The announcement follows the US bankruptcy court’s approval of Celsius Network’s reorganization plan. Hut 8 Corp, a digital […]

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  Posted by u/ 9 months ago

Judge rules Terraform Labs violated rules: LUNA and MIR deemed securities

Federal Judge Rakoff rules $LUNA and $MIR as securities, finding Terraform Labs violated U.S. laws. SEC trial, scheduled Jan 29, 2024, centres on Terra’s UST stablecoin collapse and $25M alleged fraud. Jump Trading’s involvement adds complexity; the SEC insists Judge Rakoff, not a jury, decides securities status. In a recent legal development, Federal Judge Jed […]

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  Posted by u/ 9 months ago

PancakeSwap community approves proposal to cut CAKE supply by 300M

The PancakeSwap community has approved the proposal to remove 300 million CAKE from the project’s maximum supply. The proposal passed with nearly 98% of votes in favour. CAKE price was sharply down in the past 24 hours, hovering near $3.46 and down 9.5%. A PancakeSwap proposal seeking to reduce the decentralized exchange token supply from 750 […]

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  Posted by u/ 9 months ago

Crypto tailwinds for 2024 and implications for Memeinator (MMTR)

Cryptocurrencies did well in 2023 as demand remained at an elevated level. Bitcoin and most digital coins more than doubled and the trend could continue. This trend could benefit Memeinator, an upcoming meme coin. Cryptocurrencies had a strong performance in 2023, with Bitcoin soaring by over 150% and the total market cap surging to over […]

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  Posted by u/ 9 months ago

Bitcoin Worth $1B Leaves Exchanges in Largest Single-Day Outflow in 12 Months

Net outflows from exchanges are often taken to represent investors' intention to hold coins for long-term.

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  Posted by u/ 9 months ago

Avalanche Foundation to Purchase Meme Coins as Part of Culture Drive

?These coins, often inspired by internet culture and humor, go beyond mere utility assets,? the foundation said.

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  Posted by u/ 9 months ago

Privacy Tokens DASH, ZCH, XMR Take Hit as OKX Says It Will Suspend Trading

More than 20 trading pairs will be delisted next week as they no longer meet the crypto exchange's listing criteria.

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  Posted by u/ 9 months ago

Indonesian Authorities Crack Down on Bitcoin Miners Stealing Electricity From National Grid

The thieves allegedly tapped into utility poles of a state-owned energy firm to power mining operations.

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  Posted by u/ 9 months ago

First Mover Americas: Bitcoin Set to Ring in the New Year Up Nearly 160%

The latest price moves in bitcoin [BTC] and crypto markets in context for Dec. 29, 2023. First Mover is CoinDesk?s daily newsletter that contextualizes the latest actions in the crypto markets.

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  Posted by u/ 9 months ago

Bitcoin Miners Offload $129M BTC in Day, Sending Reserves to the Lowest Point Since May

Bitcoin miners' reserves slid to the lowest since May following a spate of withdrawals to exchanges this week, data from CryptoQuant shows.

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  Posted by u/ 9 months ago

India's Local Crypto and Web3 Advocacy Body Asked for Action Against Offshore Entities: Source

The Bharat Web3 Association's (BWA) Chairman wrote the letter to the Indian government on Dec. 16.

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  Posted by u/ 9 months ago

Crypto Stocks, Bitcoin Miners Sell-Off as Profit-Taking Caps Explosive Year-End

Bitcoin slipped below $42,000 on Friday, stalling below its yearly high.

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  Posted by u/ 9 months ago

Binance's CZ Denied Permission to Travel by U.S. Judge for the Second Time

Zhao has requested permission to travel to the UAE, where his three children remain.

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  Posted by u/ 9 months ago

BlackRock, Valkyrie Name Authorized Participants Including JPMorgan for Bitcoin ETF

BlackRock will use J.P. Morgan and Jane Street as their authorized participants. Valkyrie has also named Jane Street in addition to Cantor Fitzgerald.

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  Posted by u/ 9 months ago

JPMorgan CEO's Bitcoin Bashing Is a 'Do as I Say, Not as I Do' Situation

Jamie Dimon's bank agreed to play a key role with BlackRock's proposed bitcoin ETF, just weeks after he told U.S. senators: "I've always been deeply opposed to crypto, bitcoin, etc."

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  Posted by u/ 9 months ago

Amid Bitcoin ETF Race, Wall Street Giants Dot Their Bureaucratic I's as Likely SEC Action Looms

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  Posted by u/ 9 months ago

FTX Founder Sam Bankman-Fried Won't Face Second Criminal Trial, U.S. Prosecutors Say

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  Posted by u/ 9 months ago

Ark 21Shares Bitcoin ETF Was Proposed Fifth Amendment As Deadline Approaches

Ark Invest and 21Shares meet the SEC deadline with the fifth Ark 21Shares Bitcoin ETF amendment, addressing crypto redemption concerns.

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  Posted by u/ 9 months ago

VanEck?s New Bitcoin ETF Commercial Continues To Excite The Community

VanEck's Bitcoin ETF commercial signals readiness for market entry, aligning with industry-wide efforts to advertise pending products.

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  Posted by u/ 9 months ago

Coinbase Stock Short Sellers Lost More Than $4.2 Billion In 2023

Coinbase stock short sellers suffered heavy losses exceeding $4.2 billion as the exchange's shares surged nearly 400%.

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  Posted by u/ 9 months ago

VanEck Spot Bitcoin ETF Was Revised Last Minute To Prepare For Boom

VanEck submitted amended applications for the VanEck Spot Bitcoin ETF, marking increased competition for SEC approval.

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  Posted by u/ 9 months ago

Coinbase Head Of Custody Was Changed To Support Spot Bitcoin ETF Launch

Aaron Schnarch, the former Coinbase head of custody, has left the company, paving the way for Rick Schonberg to assume the role as of August, according to a spokesperson.

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  Posted by u/ 9 months ago

Changpeng Zhao Request To Leave US Rejected Again Amid Nearing Lawsuit

Former Binance CEO Changpeng Zhao request to travel while sentencing for violating banking laws has been further denied by US District Judge Richard A. Jones.

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  Posted by u/ 9 months ago

BlackRock Authorized Participants Are Big Guys, According To Latest Update

The asset management update to the SEC filing for a Bitcoin ETF names Jane Street and JPMorgan as BlackRock authorized participants.

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  Posted by u/ 9 months ago

Valkyrie Spot Bitcoin ETF Will Include 0.8% Management Fee When Launched

Valkyrie, following BlackRock's lead, partners with Jane Street and Cantor Fitzgerald as authorized participants for the Valkyrie spot Bitcoin ETF.

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  Posted by u/ 9 months ago

Invesco Galaxy Bitcoin ETF Will Have No Fees For The First 6 Months

The Invesco Galaxy Bitcoin ETF offers a fee waiver for six months and a $5 billion entry threshold, outpacing competitors like Valkyrie.

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  Posted by u/ 9 months ago

Bankman-Fried Second Trial Will Not Take Place After 100 Years In Prison Is Finalized

FTX's Sam Bankman-Fried second trial will be skipped as statements opt for direct judgment, facing a potential 100+ years in prison.

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  Posted by u/ 9 months ago

S&P 500 Bulls Drive Longest Weekly Win Since 2004: Markets Wrap

S&P 500 Bulls Drive Longest Weekly Win Since 2004: Markets Wrap

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  Posted by u/ 9 months ago

Colorado, Maine, other states removing Trump from the ballot: What's next?

The U.S. Supreme Court will likely ultimately decide the issue, but no one knows how long that may take.

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