Cathie Wood's ARK Invest sells over $42 million worth of Coinbase stock, while cryptocurrency prices surge following the Federal Reserve rate decision.
Hardware wallet manufacturer Ledger has warned users not to connect to decentralized applications (dapps) after a malicious version of the Ledger Connect Kit was identified, leading to compromised dapps and potential wallet draining attacks.
Hackers are increasingly using Bitcoin mixers to launder stolen funds, with over $300 million in stolen proceeds from major exploits in 2023 ending up in the Bitcoin network, as regulatory scrutiny grows for Tornado Cash.
Bitcoin's rally to six figures will happen rapidly, driven by its current undervaluation and the accumulation of investors, according to Morgan Creek CEO Mark Yusko.
Crypto-linked ETFs like the VanEck Digital Transformation ETF and Global X Blockchain ETF have seen significant gains, with some surging by as much as 200% in 2023.
The arrival of the first spot Bitcoin ETF and the Bitcoin halving in 2024 are two catalysts that could potentially extend the Bitcoin rally, and investors can gain exposure to Bitcoin's potential upside by buying highly correlated crypto stocks like MicroStrategy and Riot Platforms, which have shown significant growth this year.
JP Morgan analysts have expressed a "cautious" outlook for the crypto market in their 2024 report, stating that the Bitcoin halving is already priced in and that the approval of a spot Bitcoin ETF may not bring fresh capital as investors could exit the market, potentially putting downward pressure on Bitcoin's price. However, they suggested that Ethereum may outperform Bitcoin in 2024 due to the potential catalyst of the EIP-4844 upgrade.
Switzerland has launched a new cryptocurrency exchange for banks called Rulematch, which offers bitcoin and ether spot trading against the dollar for institutional participants and mimics traditional finance with a focus on compliance and segregated functionality. The platform is backed by Nasdaq's technology and has already onboarded seven banks, including Spain's BBVA.
Ark Invest, led by Cathie Wood, believes that Bitcoin could reach a price of $1.48 million per coin by 2030, citing its potential to disrupt various markets such as institutional assets, emerging market currencies, gold alternatives, and high-net-worth individual assets. However, investing in cryptocurrency carries risks and investors should be prepared for volatility and potential losses.
The Basel Committee for Banking Supervision has proposed stricter criteria for stablecoins, requiring reserve assets to have short-term maturity, high credit quality, and low volatility, in order to meet the expectations of holders for redemption.
Coinbase is expanding globally with its International Exchange offering spot crypto trading for non-U.S. institutional clients, with plans to include retail users, introduce more assets, and implement features for new trading strategies; however, despite a notable uptick in its share price, Wall Street analysts prefer to remain cautious with a Hold consensus rating and an average price target suggesting a 36.34% downside potential.
The Avalanche (AVAX) price has reached a new yearly high of $42.90, approaching the $50 level, while analysts are predicting further growth with targets ranging from $50 to $55-$59. However, a rejection from the $44 resistance area could lead to a 45% decrease to the $22 support level.
The UK's financial regulator, the Financial Conduct Authority (FCA), has released a pixelated Wild West cartoon to educate investors about its marketing rules for crypto firms.
Bitcoin is showing signs of a fresh bull run with a 7% daily gain, as on-chain metrics reset and significant inflows into Bitcoin and Ethereum are observed.
Cronos Labs has launched a new layer-2 network called Cronos zkEVM chain, based on Matter Labs' software tools, to expand its existing ecosystem within the Ethereum network, with plans for the mainnet to be operational by Q2 2024.
A man who claimed to have spent $60,000 on rapper Rubi Rose's OnlyFans now says it was a hoax orchestrated by Rose's team, who paid him to get a tattoo of her on his leg.
The total value locked in Cardano's ecosystem has surged to over $440 million, driven by increased interest in Ethereum alternatives, such as Solana and Avalanche, as investors and users seek higher returns and capital allocation.
Bitcoin analyst warns of larger washouts and risks in the market following the correction from a 19-month high and anticipates a price spike due to the authorization of a spot Bitcoin ETF.
Cognitive biases may lead some investors to anticipate a price slide in Bitcoin due to the anchoring bias and previous bear market experiences, but indicators like Puell Multiple, MVRV Z-Score, and Mayer Multiple suggest that Bitcoin is not overvalued and could continue to rally in 2024.
Shiba Inu (SHIB) rose by 6% in the past day, outperforming other meme cryptocurrencies, and an analyst suggests a potential pattern followed by corrections in its price movement.
Monster NFT characters in Axie Infinity can now be evolved and upgraded, enhancing their battle strength and appearance, through a major update called "Stage 2" evolution.
Solana-based meme coin bonk (BONK) surged 40% after Coinbase announced it would list the token, becoming the third largest meme coin on the platform.
LineNext, a web3 unit of Line, has raised $140 million in funding led by Crescendo Equity Partners to expand its web3 platform and launch its official NFT platform DOSI and web3 services in January next year.
Gemini Earn creditors may receive Bitcoin payouts worth only 30% of their current market value due to a proposed reorganization plan, leading to fierce opposition from users urging them to "VOTE NO."
The U.S. Securities and Exchange Commission (SEC) is demanding a "cash" redemption model for spot Bitcoin exchange-traded funds (ETFs), with Invesco becoming the latest applicant to comply with this requirement, while BlackRock and others have proposed an "in-kind" model; however, industry experts believe that all applicants will eventually have to adopt the cash redemption model favored by the SEC.
Cathie Wood's Ark Invest sold over $42 million worth of Coinbase shares as the cryptocurrency market experienced volatility, potentially indicating a strategic realignment or a response to market unpredictability.
The new accounting rule change in the U.S. allows companies to accurately reflect the value of their crypto holdings, which could lead to increased adoption and mainstream corporate investment in Bitcoin and other cryptocurrencies.
Bitwise Asset Management has listed its spot Bitcoin ETF on the DTCC, joining Fidelity's listing, as the chances of a spot BTC ETF approval in the US have increased; meanwhile, Bitwise predicts that Bitcoin could reach $80,000 in 2024 and that the spot Bitcoin ETF will be the most successful ETF launch ever.
Bitcoin is predicted to reach a new all-time high of $80,000 in 2024, while stablecoins are expected to surpass Visa in terms of settling payments, according to Bitwise senior research analyst Ryan Rasmussen.
One Ethereum-based gaming altcoin surges as a crypto whale withdraws a significant amount of tokens from an exchange, while another altcoin enjoys a price increase following a key listing, and a suspected wallet linked to HashKey suffers a loss after moving a large amount of Ethereum to Binance.
A federal judge aims to expedite the resolution of the bankruptcy case involving FTX, signaling the need to recover funds for FTX customers and address the IRS's claim of $24 billion in unpaid taxes.
In 2023, three cryptocurrencies, Solana, Avalanche, and Cardano, have experienced significant growth, with Solana leading the pack with 419% gains followed by Avalanche with a 201% surge and Cardano with a 105% increase. Despite losses for Bitcoin and Ethereum, these tokens have managed to achieve gains in the past week. Avalanche saw a rise in its number of developers and underwent a Cortina upgrade, while Solana introduced the Solana v1.16 upgrade and partnered with Visa for cross-border settlement. Cardano's ongoing projects in Africa have been a highlight, and its stablecoin value and daily transactions have seen significant increases.
Decentralized finance protocol Yearn.finance is seeking the return of $1.4 million in funds after a scripting error caused a large amount of the protocol's treasury to be drained, although customer funds were not affected.
Hitachi Research & Development and Concordium Foundation are collaborating on a biometric crypto wallet that allows users to generate seed words using fingerprints or facial scans, eliminating the need to store and remember them, and enabling reimportation through biometric scans.
BONK, the leading Solana meme coin, experienced a significant price surge after Coinbase announced its listing, reaching a new all-time high before experiencing a slight dip while still being up over 21% on the day.
Bitcoin (BTC) surged over $43,000, driving up the cryptocurrency market and digital asset-focused stocks, as the Federal Reserve's signal of interest rate cuts for next year prompted a rally in risk-assets.
Investors in the HyperVerse crypto investment scheme, operated by Sam Lee and Ryan Xu, have lost nearly $400,000 combined after being convinced by friends to join and experiencing sudden withdrawal issues, prompting calls for the people behind the scheme to be held accountable.
The U.S. Commodity Futures Trading Commission (CFTC) is taking steps to require derivatives clearing organizations to keep customer funds separate from their own, aiming to prevent occurrences like the collapse of FTX, where billions of dollars of customer money was stolen; the proposed rule would protect customer funds in case of a liquidity crunch faced by a derivatives clearing organization.
Bitcoin's price could more than double by the end of 2024, with the approval of a Bitcoin exchange-traded fund (ETF) in the US expected to spark another surge in prices, according to Standard Chartered. The bank also predicts that higher prices will lead to increased demand and a decrease in the supply of mined coins.
The Cedar Innovation Foundation, a crypto-backed organization with unidentified funding sources, has launched a campaign targeting U.S. Senator Sherrod Brown in an effort to push him to stand up against SEC Chair Gary Gensler and fight for Ohio jobs, claiming that Gensler is favoring Wall Street and sending technology jobs overseas.
Crypto gaming company Immutable will allow players to avoid transaction fees on its upcoming Immutable zkEVM network, as game developers can "sponsor" gas fees, potentially removing barriers to broader blockchain gaming adoption.
CoinDesk, a leading news and information outlet on cryptocurrency and digital assets, has been acquired by Bullish group, resulting in the formation of an independent subsidiary and the establishment of an editorial committee to ensure journalistic integrity.
The trial of Sam Bankman-Fried brought attention not only to the cryptocurrency industry but also to the questionable involvement of effective altruists in some of Bankman-Fried's schemes, such as his attempt to elect an effective altruist-minded congressman in Oregon's 6th Congressional District.
Bitcoin has displayed resilience in 2023, outperforming major tech companies with over 153% gains year-to-date, while hitting new all-time highs in several countries experiencing high inflation rates, making it a reliable store of value and hedge against inflation.
The US Securities and Exchange Commission has delayed its decision on a proposed spot Ether exchange-traded fund (ETF) by Invesco and Galaxy Digital, with a new date set for a decision on February 6, 2024.
A man named Lamar, who became viral for allegedly spending $62,000 on Rubi Rose's OnlyFans account, revealed in an interview that he did not actually purchase any of her content and was misled into appearing as the top spender. He also claimed that their encounter was staged to help promote Rose's OnlyFans account.
The Commodity Futures Trading Commission has approved Bitnomial, a crypto derivatives company, to register as a derivatives clearing organization in the U.S., allowing it to settle margined futures and options contracts.
Crypto strategist warns that crypto bulls may be falling into a trap as traders anticipate a potential sell-off event, possibly triggered by the approval of a Bitcoin ETF application, with Bitcoin's price potentially dropping below $40,000.
Financial analyst John Todaro believes that financial advisors and individual investors would prefer a Bitcoin ETF over other options for exposure to the cryptocurrency, but interest in purchasing a Bitcoin ETF is low among individuals who have not previously owned Bitcoin, and an ETF launch is unlikely to attract significant capital flows unless Bitcoin prices increase and spur greater retail interest in the asset.
Ethereum co-founder Vitalik Buterin has proposed a plan to bring certain functions of blockchain networks known as "layer-2 networks" back onto the main Ethereum chain, potentially disrupting existing layer-2 projects such as ZK-rollups from Polygon, Matter Labs, and Scroll. Buterin's idea involves creating a "zkEVM" within Ethereum that would allow for the verification of transactions executed on the layer-1 chain, while still maintaining a role for layer-2 networks in handling other important functions.