Bitcoin and Ethereum saw slight gains after the Federal Reserve decided to keep interest rates unchanged. Bitcoin increased by 0.8% and is now trading at $42,383.95, while Ethereum picked up 1% and is trading at $2,234.
Residents of a small Pennsylvania town are disturbed by the loud noise generated by a Bitcoin mine powered by nuclear energy, causing sleep deprivation and frustration among locals. The mine, operated by Terawulf, requires a significant amount of electricity to create the cryptocurrency, resulting in noise pollution that has become unbearable for nearby residents. The company has promised to address the issue and reduce noise levels by March of next year.
The Worldcoin project, which features an iris-scanning orb, has released a major update and discussed potential corporate users, while several blockchain projects are confirming plans for token airdrops, including Starknet and LayerZero, and Celestia has announced its integration with Polygon's software tools. Additionally, Uniswap has expanded to the Bitcoin sidechain Rootstock, and Blocknative has released a new tool for examining pending transactions on Ethereum.
Bitcoin and Ethereum prices rose after the Federal Reserve announced that it would not change interest rates, indicating optimism among investors.
The U.S. Federal Reserve kept its benchmark interest rate steady but reduced its rate forecast for the end of 2024, citing potential negative effects on economic activity, hiring, and inflation.
Bitcoin has gained almost 150% this year and still has more room to climb higher, according to Pantera Capital's Jeff Lewis, who suggests that the 1-year HODL Wave indicator shows historical patterns of bitcoin's price rising even further after the indicator's peak. Additionally, Coinbase's international exchange is set to offer spot trading for non-US users starting Thursday, and KuCoin has agreed to ban New York users and pay a $22 million settlement over allegations of falsely representing itself as a crypto exchange.
The United States Securities and Exchange Commission (SEC) is nearing a decision on spot Bitcoin ETFs, potentially providing investors with a regulated and more accessible way to invest in Bitcoin, with expectations that over $2.4 billion could flow into newly approved US Bitcoin ETFs in Q1 2024. The SEC's decision will have wide-ranging implications and could fuel institutional investment and broader adoption of Bitcoin. The deadline for the decision is January 2024, with multiple high-profile ETF applications under consideration. BlackRock, in particular, stands out as a strong contender due to its reputation, partnership with Coinbase, and track record of successful ETF applications.
Ubisoft has set the Ethereum NFT mint date for its game Champions Tactics: Grimoria Chronicles on December 18, with 8,000 Warlords NFTs available for free minting, allowing players to use them as their account avatars and granting access to future in-game character mints.
Ethereum wallet Rainbow has launched its Rainbow Points rewards program, which includes airdropping points to users based on their on-chain activity and potentially hints at a future token airdrop, similar to the model used by leading NFT marketplace Blur in its competition with MetaMask.
Bitcoin has failed to rebound strongly after a recent fall, indicating selling pressure, though lower levels are attracting buyers; analysis suggests that Bitcoin remains on track to hit $50,000 and altcoins may also rally.
The Financial Accounting Standards Board (FASB) has published a bulletin announcing a rule change that will benefit firms holding Bitcoin and other cryptocurrencies, allowing them to record a profit if the price goes up and eliminating the need to maintain a lower value on their balance sheet in case of a drop in value.
Solana meme coin BONK's price initially surged 15% after Coinbase announced its upcoming listing, but later plummeted 20% and is currently down 11%. Meanwhile, Solana (SOL) has rebounded slightly, trading 0.7% lower than yesterday but still 7.4% higher than a week ago.
Former president Donald Trump is launching another NFT collection, featuring his mugshot, with each NFT initially priced at $99 and buyers who purchase 47 cards in a single transaction receiving a piece of the suit he wore during the arrest and an invitation to dinner at his resort. However, the price of Trump's previous NFT collections dropped significantly after the announcement.
Generative AI tools like Grammarly, Hemingway, Writesonic, Sudowrite, and Lore Machine are helping writers improve their grammar, punctuation, and overall writing quality, with features such as content suggestions, text editing, and even image generation.
Cantor Fitzgerald CEO Howard Lutnick expresses his support for Bitcoin and stablecoin Tether, while dismissing other cryptocurrencies, and discusses the potential impact of the Bitcoin halving and the possibility of a spot Bitcoin ETF approval. He also discusses his belief that Bitcoin is a speculative asset and praises Tether for its stability, while highlighting the controllability of Tether and Ethereum compared to Bitcoin.
Worldcoin is integrating its verification services into popular apps like Reddit, Discord, Shopify, and Minecraft, as part of its World ID 2.0 system, aiming to become the internet's default verification system.
The Bitcoin options market suggests that the market is already factoring in the potential upside, but the implied volatility remains relatively subdued compared to historical rallies, indicating potential buying power on the sidelines and the possibility of continued and larger volatility in BTC.
Open-source blockchain developer Iota integrates its Shimmer Ethereum Virtual Machine (EVM)-compatible chain with Fireblocks to meet institutional demand for asset tokenization, as the market capitalization for tokenized real-world assets reaches $342 billion.
Coinbase International Exchange will allow institutional clients to trade Bitcoin and Ether against USD Coin, expanding its services to address the needs of its global user base.
Block has launched its self-custody Bitcoin wallet, Biy, which allows users to hold and control their own Bitcoin keys in over 95 countries, aiming to reduce the risks associated with leaving Bitcoin on centralized exchanges.
Cryptocurrency exchange Coinbase is expanding its international exchange to allow institutional customers to trade bitcoin and ether against the USDC stablecoin, with retail investors to follow in the coming months.
The Financial Accounting Standards Board (FASB) has published new standards that allow companies to recognize changes in the fair value of their cryptocurrency holdings, giving them more useful information for investors and stakeholders.
Credit rating agency S&P has introduced a new ranking system for stablecoins, with Tether's $90 billion USDT receiving a poor score compared to rival stablecoins in terms of maintaining a stable value relative to a fiat currency. S&P's Stablecoin Stability Assessment rates stablecoins on a scale of 1 to 5, with 1 being "very strong" and 5 being "weak." Tether's USDT received a score of 4 ("constrained"), while Circle Internet Financial's USDC received the best rating of 2 ("strong"). The assessment takes into account factors such as asset quality, regulation, governance, transparency, liquidity, redeemability, and track record.
Argentina's new president devalued the currency by 50% and implemented spending cuts, receiving praise from the IMF, but did not show support for Bitcoin as government policy despite previous enthusiasm.
Two of Turkey's largest banking groups, Akbank and Garanti BBVA, have announced crypto initiatives, with Akbank acquiring local crypto firm Stablex and Garanti BBVA launching its own crypto wallet app, indicating that despite potential new legislation, the government hasn't deterred adoption of cryptocurrency.
BlackRock's proposed bitcoin ETF may allow Wall Street banks to play a key role by creating new fund shares with cash instead of cryptocurrency, bypassing restrictions on holding cryptocurrencies.
Former President Donald Trump has released a new range of non-fungible token (NFT) trading cards featuring his face, despite the cards' falling value in the market. The cards, including a special "MugShot" edition, are available for purchase, and buyers have a chance to win a piece of the suit Trump wore during his mug shot.
Draconian anti-crypto legislation is being proposed to combat terrorism funding, but critics argue that the proposed measures would have unintended consequences and could destroy the American digital asset industry.
OKX DEX, a decentralized exchange, lost approximately $2.7 million in cryptocurrencies after a hacker compromised the private key of the proxy admin owner.
Worldcoin expands its World ID integrations with platforms such as Minecraft, Reddit, Telegram, and Shopify, allowing developers to build new applications and offering various levels of authentication, while also planning to expand its services to Mexico and Singapore.
Crypto startup Worldcoin, co-founded by OpenAI CEO Sam Altman, has announced a significant expansion of its eye-scanning identity platform, including partnerships with major tech firms and a multi-level verification system for its World ID "digital passport."
Bitcoin and crypto prices, including major coins like Ethereum and XRP, have surged recently, driven by a BlackRock bombshell and the anticipation of a historical bitcoin halving in 2024, prompting adjustments to BlackRock's bitcoin spot ETF filing to allow Wall Street banks access and potentially increasing liquidity for ETF shares.
The total capitalization of cryptocurrencies has decreased, showing a potential end to the year's impressive growth, while Bitcoin faces potential targets for a correction; Avalanche climbs into the top 10 cryptocurrencies; KuCoin settles claims with New York State Attorney's Office; El Salvador plans to launch Bitcoin-backed Volcano Bonds; and interest in blockchain and stablecoins is booming.
Regulatory clarity for the crypto industry may be on the horizon as Sen. Elizabeth Warren gains support for her crypto legislation, while Rep. Sean Casten struggles to find a Republican co-lead for a similar bill in the House.
Bitcoin has been declared dead 474 times since 2010, but experts believe extreme events, forgetting about cryptocurrencies and never using them, and government regulation will not be able to kill it because of its convenience and demand, its decentralized nature, and the resilience of Bitcoin enthusiasts working on its blockchain.
Thomas "Tom" Farley, former CEO of the New York Stock Exchange, has become the CEO of Bullish crypto exchange and plans to acquire distressed digital assets, after his SPAC failed to purchase the exchange, and aims to position Bullish as a leader in the institutional crypto trading market.
The Polygon (MATIC) price has been unable to break through a long-term descending resistance trend line, but it is still trading above its main support area, leaving the question of whether it will bounce or break down.
Wikipedia co-founder Jimmy Wales faced backlash from the Bitcoin community after sarcastically claiming that banks work and Bitcoin doesn't, with supporters highlighting the limitations of banking services and the dependence of his own platform on donations.
Bitcoin speculators panicked and sold over $2 billion worth of BTC as the price corrected towards $40,000, marking the largest single-day drop of 2023 and indicating a potential resistance to the bull market.
Blockchain networks, such as the Internet Computer (ICP), can support the creation of trustless infrastructure that incentivizes climate-positive action and provides secure and transparent data verification to address climate challenges, according to Dfinity founder Dominic Williams.
Wall Street broker Cantor Fitzgerald's CEO, Howard Lutnick, expresses his favoritism towards Bitcoin as the only worthy cryptocurrency, praising its decentralization and also revealing his admiration for Tether, which his company acts as a custodian for.
The supply of Shiba Inu (SHIB) on exchanges has decreased by 0.51% in the past month, indicating reduced selling pressure and potential gains for the cryptocurrency, while the network supporting SHIB has seen a surge in daily transactions and a significant burn of SHIB tokens.
The new Argentinian President has devalued the local currency by 50% in response to the economic emergency, while Bitcoin prices in Argentina have cooled from their recent all-time high.
Several Bitcoin exchange-traded fund (ETF) issuers, including BlackRock and Grayscale, have recently met with the SEC, increasing the chances of approval for their Bitcoin products.
Bitcoin halving events, which involve reducing the mining reward by half, have a significant impact on the cryptocurrency's supply dynamics, price movements, and market sentiment, with historical data showing substantial increases in Bitcoin's price before and after previous halvings.
Investment firm Ark Invest, led by Cathie Wood, sold a significant portion of its Coinbase shares amid the downturn in cryptocurrencies, reflecting the fund's adaptive strategy in response to market trends.
El Salvador's $1 million Freedom Visa program, which grants residency and pathway to citizenship in exchange for a Bitcoin or Tether donation, has received hundreds of inquiries and is expected to sell out by the end of the year, according to the National Bitcoin Office.
Binance and its subsidiary Binance.US, along with founder Changpeng Zhao (CZ), have argued in a filing that the U.S. Securities and Exchange Commission (SEC) failed to meet the requirements of the "Howey Test" in its lawsuit against them, stating that the SEC did not provide evidence of an "investment contract" or meet other elements of the test. The filing also mentioned the recent settlements with the U.S. Department of Justice and other regulatory bodies, suggesting that they do not implicate securities laws.
The cryptocurrency market experienced a decline before the U.S. interest rate decision, with Bitcoin undergoing a correction and other altcoins being affected, while the stock market saw gains as investors analyzed inflation data and awaited the Federal Reserve's policy announcement.
The United States Securities and Exchange Commission served its lawsuit to HEX founder Richard Heart through substitute service in Helsinki, Finland, after failed attempts to personally deliver the suit, alleging that Heart made over $1 billion selling unregistered securities and defrauded investors.