The recent surge in Bitcoin prices and the adoption of blockchain technology by large institutions has undermined the position of "no-coiners," who are people that don't hold any cryptocurrencies and criticize the industry.
Polygon's native token MATIC has gained 10% in the past week, lagging behind other top altcoins, but it is showing promising market behavior that could lead to a bullish breakout, potentially reaching higher resistance levels around $0.9819 and $1.2425. Additionally, Meme Kombat, a new meme coin project, has gained traction by combining memes with play-to-earn gaming, attracting $2.6 million in its ICO and offering a built-in staking system for users.
Investor optimism improves in US markets; Solana-based meme coin reaches all-time highs; Ethereum shorts take a $27M hit; Blackstone and Digital Realty announce $7B data center partnership.
Bitcoin traders are turning their attention to altcoins as Bitcoin's price stabilizes, with Ether and Solana leading the way in anticipation of a potential alt season.
The strong US job market numbers have not had a significant impact on Bitcoin, suggesting a decreased correlation between Bitcoin and macroeconomic factors.
The government of El Salvador and stablecoin company Tether have launched a program called "Adopting El Salvador Freedom" that allows foreigners to obtain a Salvadoran passport in exchange for $1 million in Bitcoin, continuing the country's commitment to cryptocurrency despite controversies and setbacks.
Altcoins are expected to surge in value as Bitcoin and Ethereum continue to rise, according to the co-founders of crypto analytics firm Glassnode, who also predict increased volatility and a potential dip to $40,000 for Bitcoin but overall optimism for its rally, as well as a potential total cryptocurrency market cap of $4.4 trillion during this bull cycle.
AlgosOne.ai is an innovative AI-powered trading platform that combines generative AI modeling, deep neural networks, and natural language processing to offer predictive capabilities and risk management strategies in the world of finance, revolutionizing the efficiency, accuracy, and accessibility of trading.
Bitcoin (BTC) and Ethereum (ETH) rose in value, with BTC trading at $43,716 and ETH at $2,359, while BitTorrent (BTT) was the biggest gainer and ORDI was the biggest loser in the cryptocurrency market.
Google recently launched its new artificial intelligence model, Gemini, which it claims is superior to OpenAI's popular model, ChatGPT-4, sparking debates among the AI community and leading to comparisons between the two models in terms of their answers to questions about cryptocurrencies and Satoshi Nakamoto.
Shiba Inu (SHIB) price breaks out from descending resistance trend line, but is rejected by horizontal resistance area; future price prediction depends on whether the meme coin breaks out or gets rejected.
Job growth in the U.S. exceeds expectations in November, with 199,000 jobs added and unemployment rate dropping to 3.7%, potentially impacting the bitcoin rally and causing a shift in interest rates.
JPMorgan adjusts price targets and ratings for bitcoin mining stocks, raising BTC price assumption to $44,000 and network hashrate assumption to 485 EH/s, while cutting rating on CleanSpark and upgrading Riot Platforms.
Cointelegraph Accelerator and Chainlink Labs collaborate to support Web3 startups, providing technical and marketing support to accelerate growth and drive blockchain innovation.
Cryptocurrency exchange Binance withdraws its bid for an investment-management license in Abu Dhabi, stating it is unnecessary for their global needs, but still maintains an application for offering custody of digital assets to professional clients.
During this week in the cryptocurrency world, Bitcoin reached yearly highs, Cardano community members voted on governance proposals, there were speculations about Tesla accepting Dogecoin payments for the Cybertruck, Uniswap dominated social media discussions, Solana's co-founder shared a positive perspective on Ethereum, and there were debates about the undervaluation of Ethereum despite its recent price rise. Additionally, El Salvador's Bitcoin portfolio turned profitable, resulting in demands for retractions from critics.
Crypto exchange Binance has withdrawn its application for an investment fund license in Abu Dhabi, stating that the license was unnecessary, and the decision is unrelated to its recent $4.3 billion settlement with US regulators.
The Starknet Foundation plans to allocate over 1.8 billion STRK tokens to address Ethereum's slow throughput and transaction fees using ZK rollup technologies.
The upcoming halving event in Bitcoin mining is expected to trigger a "survival of the fittest" competition, leading larger mining companies to secure newer and more-efficient mining machines and potentially acquire smaller miners in order to survive and benefit from the event. Several large miners, including Marathon Digital, Hut 8, CleanSpark, and Riot Platforms, are already taking steps to prepare for the halving by accumulating cash and strategic assets. Amid tough market conditions, struggling miners are looking for ways to cut costs and consolidate through mergers and acquisitions, with private miners potentially merging with public companies to gain access to liquidity.
A Spanish man, Alejandro Cao de Benós, is facing potential imprisonment in the US for allegedly assisting North Korea in evading US sanctions using cryptocurrency, although he claims his involvement was limited and motivated by promoting friendship between North Korea and the rest of the world.
The Financial Monitoring Agency in Kazakhstan has blocked access to almost a thousand illegal crypto exchanges and launched investigations into money laundering and illegal exchange operations in 2023.
The Cardano (ADA) price is experiencing bullish momentum, with the potential for further increases, as it breaks out from a long-term resistance level and shows positive indicators such as an upward-trending RSI. However, if the price falls below a certain level, it could signal a corrective decrease.
Bitcoin side-chain MicroVisionChain (MVC) has launched a BRC-20 decentralized exchange (DEX) that allows users to swap BRC-20 token assets on the MVC sidechain, bypassing high transaction fees on the Bitcoin mainnet. MVC is also developing a meta-contract integrated development environment (IDE) and aims to integrate Turing-complete smart contracts into the Bitcoin architecture.
The XRP price is currently approaching a critical support area, and whether it will bounce or break down will determine its future trend. Analysts are optimistic about the future trend, predicting significant increases and a new all-time high price in the next bull run. The mixed readings from the weekly and daily timeframes leave uncertainty, but a breakdown could lead to a 35% decrease, while a bounce could result in a 15% increase.
Jack Dorsey, CEO of Block Inc. and Square, has unveiled Bitkey, a self-custody Bitcoin wallet that allows users to control their own keys, with the wallet now available for pre-order in over 95 countries.
A bipartisan group of U.S. senators introduced legislation to expand sanctions, including through crypto transactions, to foreign entities supporting U.S.-designated terrorist groups, aiming to counter the role of cryptocurrency in financing terrorism, although figures suggest crypto's involvement in terror financing is relatively small compared to traditional methods.
El Salvador has launched the 'Freedom VISA' program targeting bitcoin and crypto millionaires, offering long-term residency and a path to citizenship in exchange for a minimum $1 million investment in bitcoin or tether stablecoins, in a bid to attract long-term residents to the country and reduce reliance on U.S. dollars.
Analyst Bluntz suggests that Ethereum has entered a bull market and predicts a significant rise in price, while also mentioning potential gains for Bitcoin and Sui.
The cumulative value of open BTC and ETH options on Deribit has reached an all-time high of $23.6 billion, with bitcoin accounting for 67% and ether contributing the remaining amount, indicating increased participation from sophisticated traders and better price discovery in the crypto market.
El Salvador has launched a citizenship-by-investment program that offers residency and a pathway to citizenship to 1,000 individuals who invest $1 million in Bitcoin or Tether, with the program being dubbed the "Adopting El Salvador Freedom Visa Program." However, the price tag for citizenship is significantly higher than neighboring Caribbean countries, and some have pointed out that European Union citizenship can be obtained for less.
Matrixport's $45,000 price prediction for bitcoin at the end of the year may come true, as the cryptocurrency approaches that mark and continues to outperform other digital assets in the market.
Bitcoin is predicted to reach a new all-time high in late 2024, supported by a potential US recession, regulatory shifts, and the launch of spot Bitcoin ETFs.
Fidelity Investments has successfully listed its spot Bitcoin ETF on the DTCC, signaling growing institutional acceptance of digital assets and potential impact on broader financial markets, amid heightened interest and anticipation of SEC approval for various ETF applications by January 10.
Ark Invest, led by Cathie Wood, sold nearly $2.9 million worth of Grayscale Bitcoin Trust shares, while also making strategic adjustments to their crypto holdings, amidst a fluctuating market.
Bitcoin experienced a slight correction while altcoins surged, with Ethereum hitting its highest price since May 2022; investors are closely watching the job market as weekly jobless claims were lower than expected, and cryptocurrency analyst Michael Van de Poppe suggests that Ethereum is starting to rally against Bitcoin.
The eighth Ordinals inscription from the Honey Badger collection was sold for 10.4 BTC on Magic Eden, marking another milestone for the controversial but popular tagalong on the Bitcoin blockchain.
Binance founder CZ, who pleaded guilty to violating the Bank Secrecy Act, is not allowed to return to the UAE before his sentencing due to concerns of flight risk and lack of extradition treaty, according to a federal judge's ruling.
Hive Digital Technologies announced that their purchase of Bitmain mining rigs in December 2022 has already paid for itself due to the increase in the price of Bitcoin, with the company acquiring a total of 29,000 ASICs since the collapse of FTX in November 2022.
Institutional interest in Bitcoin may be increasing as the surge in crypto exchange flows suggests preparation for the potential approval of spot market Bitcoin (BTC) exchange-traded funds (ETFs), according to Glassnode.
Former Binance CEO Changpeng "CZ" Zhao has been ordered to remain in the U.S. until his February sentencing due to concerns of him being a flight risk if he returns to the UAE.
Jito, the Solana-based DeFi platform, launched an airdrop worth $225 million, distributing free tokens to Solana users globally, with initial price volatility reported but overall positive reception amongst Solana DeFi users, despite a Distributed Denial-of-Service (DDoS) attack on Jito's website.
Boyaa Interactive International, a Hong Kong gaming firm, plans to invest $100 million in cryptocurrencies, with $45 million allocated to Bitcoin, $45 million to Ether, and $10 million to stablecoins; China's central bank signs a $400 million cooperation agreement on central bank digital currencies (CBDC) with the UAE; Hong Kong director Stephen Chow announces plans to launch his own NFT collection; Singapore will accept digital yuan as a means of payment for Chinese visitors; Victory Securities receives approval for a new Bitcoin fund in Hong Kong.
Ether and solana reached new highs in 2023 while bitcoin dipped to $43,000, leading traders to fear a potential "bull trap" and fueling speculation that BTC could reach $50,000.
Coinbase faces a bearish outlook due to selling pressure from insiders and a well-known crypto bull, while Riot Platforms is seen as bullish with positive catalysts such as the upcoming Bitcoin halving and increasing miner count.
Kamino Finance, a decentralized finance protocol on Solana, is launching a points program that may lead to a future token airdrop, potentially fueling further growth for the platform.
Bitcoin options open interest surged to $20.5 billion, signaling the involvement of institutional investors, with the greatest demand for call options and potential growth if a spot ETF is approved, while put options face uncertain prospects.
Ember Sword CEO, Mark Laursen, believes that NFT games offer more transparency compared to big game studios, revealing his motivation for entering the game development industry.
Sotheby's is auctioning off NFT-like "inscriptions" from the Ordinals project, sparking a debate among Bitcoin users over whether these transactions should be filtered out, while the low-resolution digital images are already fetching bids in the tens of thousands of dollars each.
The episode covers various topics, including the censorship problem on Ethereum, the efforts to filter out NFT-like transactions on Bitcoin, the Columbia CryptoEconomics Workshop, and CoinDesk's Most Influential list for 2023.
Robinhood is launching Bitcoin and cryptocurrency trading in the European Union, which has contributed to the surge in the stock price of HOOD.