Republican presidential candidate Vivek Ramaswamy called for updated regulations on cryptocurrencies and proposed reducing the SEC workforce and relaxing regulations in the industry, while Robert F. Kennedy Jr. suggested exempting bitcoin from capital gains tax and backing the dollar with assets like gold and bitcoin; Florida Governor Ron DeSantis opposed Central Bank Digital Currencies (CBDCs), stating they would be "dead on arrival" if he became president.
Increased network congestion caused by the popularity of Ordinals inscriptions is sparking a debate over their impact on the Bitcoin blockchain and network fees. While some view the inscriptions as spam, others see them as a valuable use of block space and a boon to the financial stability of the network.
Meta AI, a large-language model developed by Meta, now offers more detailed responses and accurate summaries in its search results, thanks to over 20 new AI-driven features added to its apps, including an image generator called Imagine and generative AI capabilities for the marketplace. Meta also plans to implement invisible watermarking on AI-generated images to promote transparency in content generation.
Terraform Labs co-founder Do Kwon has appealed his extradition from Montenegro to either the United States or South Korea for his alleged involvement in a multibillion-dollar crypto asset securities fraud.
Coinbase will list Jito's governance token, JTO, on its exchange and begin trading on Thursday, coinciding with the start of Jito's anticipated airdrop.
Merit Circle DAO's Sphere NFT marketplace and tech stack, previously compatible with Avalanche, will now also be compatible with Immutable's zkEVM network powered by Polygon, signaling a strategic alliance to expand digital ownership to gamers worldwide.
Beam, an open-source blockchain for gaming, will launch on Immutable zkEVM, a scaling solution powered by Polygon, in order to integrate the network into their products.
JPMorgan Chase CEO Jamie Dimon expresses opposition to cryptocurrencies, stating that he would shut down the industry if he had the power, citing concerns about money laundering and tax evasion.
Ethereum gas fees have been a concern for users due to their high cost, but there have been instances of both surges and drops in fees, with some users turning to alternative blockchains with lower fees; social media users have also expressed frustration with the high gas fees.
Anatoly Legkodymov, co-founder of Hong Kong-based crypto exchange Bitzlato, has pleaded guilty to operating an unlicensed money transmitter involved in money laundering and various illicit activities, resulting in the dissolution of Bitzlato and the release of seized assets.
Bitcoin's price surge to $44,000 is fueled by anticipation of the approval of a bitcoin ETF and increased institutional and mainstream adoption, leading to potential capital inflows and value gains.
Bitcoin is expected to experience a Santa Claus rally and potentially reach a minimum of $46,000, according to a trader who accurately predicted the cryptocurrency's 2018 bear market bottom, with a possibility of reaching as high as $65,000 in Q1 2024.
Crypto analyst Altcoin Sherpa predicts that the altcoins Ordinals (ORDI), Stacks (STX), and Beam (BEAM) have the potential for significant price increases in the coming months. ORDI could surge to $60, while STX has a potential entry point at the $0.84 to $0.94 range, and BEAM is expected to go much higher.
Bitcoin has rallied over 160% this year, but crypto-related stocks have experienced even greater gains due to inherent leverage in their businesses and professional investors who prefer holding stocks over digital assets directly. Additionally, El Salvador's bitcoin holdings have generated a profit of 2.8%, but the country has no plans to sell its holdings. Traders are now watching for bitcoin to break through the $48,000 resistance level.
JP Morgan Chase CEO Jamie Dimon has reiterated his negative stance on cryptocurrencies, stating that he would "shut it down" if he were the US government, citing concerns over its use by criminals and for illicit activities such as money laundering and tax evasion.
Bitcoin and Ethereum are grappling with issues of censorship on their blockchains, with Bitcoin seeing a debate over a mining pool's decision to filter transactions related to NFTs, while Ethereum's data-block builders are avoiding transactions subject to U.S. financial sanctions.
FaZe Banks, CEO of FaZe Clan, expresses his support for cryptocurrencies and urges followers to invest in Bitcoin, Ethereum, and Solana, while cautioning against taking financial advice from influencers; he also reveals his recent purchases of altcoins worth $200,000, including Prime, Pepe, Mog, and Clouds.
Ethereum's price is approaching significant Fibonacci levels, signaling a critical phase in its market valuation, with the potential to reach $3,400 if it outperforms Bitcoin. However, there are bearish indicators in the short term, particularly in its trading pair with Bitcoin, which could lead to a further decline.
Binance, the largest cryptocurrency exchange, will be forced to comply with strict data-sharing regulations and open its past transaction records to US regulators and law enforcement as part of a money-laundering criminal settlement. The agreement requires Binance to provide information, records, and testimony, file suspicious activity reports, and be subjected to continuous oversight by a US government-chosen monitor. While this may aid in catching potential criminals, critics are concerned about the erosion of financial privacy and the precedent it sets for regulation in the crypto industry.
Crypto-industry boosters in Washington are concerned about the waning influence of their cause in the nation's capital, as evidenced by the decision of Republican Rep. Patrick McHenry not to seek re-election, potentially hindering efforts to pass industry-backed regulatory-reform bills through Congress. Meanwhile, the IRS is cracking down on crypto tax evasion, hiring thousands of new tax-enforcement personnel and implementing rules for reporting crypto transactions. The Biden administration also seeks to expand oversight of crypto exchanges and decentralized protocols.
Bitcoin (BTC) has seen a 10% increase this week, with investors pouring in over $1.44 billion into Bitcoin investment products, driven by anticipation of the approval of a spot Bitcoin ETF and the potential for a $10 to $12 billion income generation.
Bitcoin's market cap has surpassed that of Berkshire Hathaway, Meta, and Tesla, making it the seventh most valuable traded asset in the world, with the next target being Nvidia; however, in order to become the most valuable, it would need to surpass Apple's market cap.
Robinhood's CEO, Vlad Tenev, attributes the recent surge in Bitcoin to Robinhood's competitive spreads and customer-friendly experience, leading to a 75% increase in crypto trading volumes and $1.4 billion in net deposits last month.
Bitcoin's water footprint has surged by 278% since 2020, with mining operations projected to consume 591 billion gallons of water this year due to the need to cool servers and power plants, raising concerns about water scarcity and its impact on sustainable mining practices.
The latest upgrade to Bitcoin Core, v26.0, introduces experimental support for the v2 transport protocol, which aims to encrypt communication between nodes and reduce the risks of tampering with transactions.
The price of the BTT token, issued on the Tron blockchain, more than doubled in response to the Tron blockchain reaching 200 million users and Justin Sun's announcement, despite no specific news catalyst, while the wider crypto market also experienced an upturn.
BlackRock's disclosure of raising $100,000 in seed capital for its spot bitcoin ETF application is a positive step, indicating their commitment to the fund, but it is seen as only a small operational move towards launching the fund.
An increasing amount of censorship is occurring on Ethereum, with block builders deliberately excluding transactions linked to entities sanctioned by the U.S. government, raising concerns about the decentralized nature of the blockchain.
Bit Brother Ltd's shares are trading higher after the company announced a deal to sell $12.0 million worth of Class A ordinary shares, Class D warrants, and Class E warrants to accredited investors, as well as securing a Certificate of Occupancy for its upcoming cryptocurrency mining farm in Texas.
Investors should consider larger-cap tech and financial stocks with exposure to cryptocurrency, such as Nvidia, PayPal, Square, and CBOE Global Markets, as safer alternatives to risky pure-play crypto investments like Coinbase and Bitcoin miners.
Bitcoin miner Riot Platforms produced 552 Bitcoin in November and now holds a total of 7,358 Bitcoins, with expectations to increase self-mining hash rate capacity by 38 EH/s upon full deployment in 2025.
Dogecoin experiences a 17% price surge on its 10th anniversary, reaching its April 2023 highs and resulting in the liquidation of over $6.29 million worth of short positions in the past 24 hours.
The Digital Asset Anti-Money Laundering Act, if passed, would require cryptocurrency providers to comply with the same regulations as traditional financial institutions.
The biggest crypto predictions for December include Ethereum (ETH) experiencing a parabolic increase, the Bitcoin Dominance Rate (BTCD) cooling down, and Synthetix (SNX) potentially seeing a large upside move in price.
El Salvador's President Nayib Bukele celebrates as his Bitcoin reserve turns profitable, but economists warn that the success does not outweigh the economic costs of the country's Bitcoin adoption, which has used significant public funds and failed to gain widespread usage.
Wall Street is set for a rebound after two consecutive declines, driven by speculation over potential Fed rate cuts due to a weaker-than-expected jobs report and concerns about softening labor market conditions.
Jamie King, the co-founder of Rockstar Games, has joined the Portal Foundation as an advisor to oversee the project's crypto gaming efforts, aiming to bridge the gap between Web2 and Web3 gaming. The Portal token has garnered support from over 200 blockchain games and projects, including Crypto Unicorns, Space Nation Online, and Magic Eden.
Dogecoin and Shiba Inu, the dog-themed memecoins, are leading the current cryptocurrency rally, showcasing the return of investor enthusiasm towards digital assets.
Ault Alliance, Inc. announced that its subsidiary, Sentinum, Inc., mined approximately 133 Bitcoin in November 2023, with a current annual run rate of approximately $70.1 million worth of Bitcoin, and plans to begin operations at a new data center in Montana in January 2024.
The recent rally in Bitcoin has led to increased investor interest in meme cryptocurrency Dogecoin (DOGE), causing its price to rise by over 10% in the past 24 hours and its notional open interest to reach its highest level since 2022, indicating a potential bullish trend.
The Near Protocol (NEAR) price is approaching its yearly high after a swift upward movement, supported by bullish indicators such as the RSI readings and a bullish divergence, leading experts to predict a potential increase of 15% if the upward movement continues. However, a decrease below the 0.618 Fib level at $2.13 could indicate a completed upward movement and a retracement to $1.80.
Bonk, a Shiba Inu-themed token, has seen a more than 1,000% increase in the past month, making it the third-largest dog-themed token behind dogecoin and shiba inu, with a market capitalization of $500 million.
Dogecoin has surged by double-digits to over $0.10 for the first time in a year, joining other meme cryptocurrencies in benefiting from the bullish crypto market.
Bitcoin (BTC) has defied predictions by the European Central Bank (ECB) and surged 170% since the bank warned of its irrelevance, raising doubts about the accuracy of the bank's assessments.
Cathie Wood's ARK Invest sold $33 million worth of Coinbase stock and $5.9 million worth of Grayscale's Bitcoin Trust shares following a surge in bitcoin's price.
Bitcoin and other cryptocurrencies reached new 20-month highs as they continued to benefit from favorable market conditions.
ARK Invest, a firm aiming to launch a Bitcoin ETF, has sold over 237,000 Coinbase shares, earning at least $33 million, while still holding a significant amount of COIN shares as one of its top assets across multiple funds.
The Avalanche (AVAX) price has risen rapidly, breaking through resistance levels, and analysts have a bullish outlook, predicting a potential increase to $120, although a drop below $22 may invalidate this prediction.
The Shiba Inu team has announced that Shibarium will soon start burning SHIB tokens, with 70% of the base fees collected on the network going towards burning tokens and the remainder used to maintain the network; this automated burn process will accelerate the rate at which SHIB tokens are removed from circulation and could potentially lead to a price spike in 2024.
Short traders betting against higher bitcoin prices have lost $90 million on Tuesday alone, contributing to the asset's strength as it surged from $39,000 to $44,000, with liquidations occurring on exchanges such as Binance, OKX, and Huobi.