The president of El Salvador, Nayib Bukele, announced that the country's Bitcoin investments have returned to profit, with a net gain of $3.6 million, despite facing a significant drop in value during the crypto winter.
Bitcoin's price is experiencing volatility, with traders uncertain about its next move as it hovers around $42,000 and faces both bullish and bearish perspectives. Bitcoin whales sold off $86 million in just 30 minutes after attracting bid liquidity, but new bid liquidity has since appeared. Historical price levels, such as $42,000, remain significant, and other key levels to watch include $31,860, $28,050, and $25,200 for support and resistance.
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Envision Blockchain and the HBAR Foundation have collaborated with the UN to develop a decentralized platform using blockchain technology to digitize and streamline carbon credit markets, offering features such as artificial intelligence and guided search for methodologies in the carbon market industry.
Bitcoin could reach $83,000 and Ethereum could hit $2,500 in the future, according to a well-known analyst, with Bitcoin's peak expected in 2025.
Bybit's quarterly report reveals that institutional traders had 45% of their assets in stablecoins, 35% in Bitcoin, 15% in Ether, and only 5% in altcoins, with the flight to safer assets explaining this risk-averse asset allocation, although there was a spike in institutional traders' Bitcoin holdings in September correlated with positive market sentiment.
Dow Jones futures fell as bitcoin surged above $42,000 for the first time since April 2022 and Uber stock rose following its inclusion in the S&P 500 index.
Spanish man faces 20 years in prison for teaching North Korea cryptocurrency and helping them evade US sanctions, according to Spanish police.
Uniswap, one of the largest and most successful DeFi projects, was built by Hayden Adams, who flew to South Korea to attend a conference and eventually created the decentralized exchange platform, which has become highly influential in the crypto industry.
Chairman of the House Financial Services Committee, Rep. Patrick McHenry, has resumed his push for crypto regulation bills after his temporary absence disrupted the progress, with a focus on getting House approval before facing the challenge of gaining support from the Senate.
A federal judge's ruling in the SEC's case against Ripple has the potential to set a precedent for crypto companies, allowing them to sell digital assets to retail investors through exchanges without violating securities law.
Solana, despite facing challenges and doubts, has maintained a strong community of developers and experienced a renaissance in decentralized finance activity, resulting in a significant increase in its SOL token price and showcasing potential for growth in the future.
Crypto.com has been granted authorization to operate as an electronic-money institution in the U.K., allowing the company to offer e-money products in the country.
Coinbase CEO Brian Armstrong believes that Bitcoin could be the key to extending western civilization by providing an alternative to the reserve currency and serving as an antidote to inflation, while coexisting with the dollar and complementing long-term American interests.
The president of El Salvador announces that the country's bitcoin investment has made over $3 million in profits, with no plans to sell despite price fluctuations.
Sergey Nazarov, the co-founder of Chainlink, is driving the merger of traditional finance with the world of digital assets through the Chainlink network, which has facilitated over $9 trillion in transaction value since 2022, and he aims to turn the Cross-Chain Interoperability Protocol (CCIP) into the global standard for cross-chain data and value transfer in both Web3 and capital markets.
Franklin Templeton CEO Jenny Johnson holds small investments in bitcoin, ether, uniswap, and sushi in her portfolio and believes a spot bitcoin ETF would be a better way to gain exposure to bitcoin than direct investment.
Cryptocurrency-related stocks in the U.S. surged as bitcoin reached its highest point since April 2022, driven by optimism about potential interest rate cuts and the imminent approval of U.S. stock market-traded bitcoin funds.
BlackRock CEO Larry Fink has become a strong advocate for Bitcoin and the potential of a Bitcoin ETF, which he believes would democratize access to the asset class and could lead to higher prices due to increased buying pressure. Fink's shift in stance is notable, considering his previous skepticism towards cryptocurrencies and his belief that the world didn't need a new international currency. However, he now sees the value of Bitcoin and its potential to weaken the position of the US dollar as a reserve currency.
After winning a lawsuit against the SEC, Ripple CEO Brad Garlinghouse celebrated with the XRP Army at "The Proper Party," thanking them for their support and declaring that XRP is not a security.
A large entity has accumulated over $76.8 million worth of Ethereum, profiting by more than $13 million, and appears to be continuously borrowing the decentralized stablecoin DAI to make their purchases, according to blockchain tracker Lookonchain.
The Shiba Inu ecosystem experiences a surge in token burning and network activity, with over half a billion SHIB tokens eliminated and a significant increase in daily transactions on Shibarium, while a whale accumulates $5.7 million in SHIB tokens.
Casey Rodarmor, a long-time Bitcoiner, has unveiled Ordinals Theory, which he describes as "NFTs on Bitcoin," challenging the use of the acronym NFT and promoting his preferred term "digital artifacts" to describe Bitcoin NFTs.
The tokens tied to the Terra ecosystems, Terra 2.0 and Terra Classic, have more than doubled in value over the past week, with gains of over 10,000% so far this year, marking a significant turnaround for the project after its collapse in May 2022.
Brazilian bank Itau Unibanco has launched a cryptocurrency trading service for its clients, starting with Bitcoin and Ether, with plans to expand to other cryptocurrencies in the future.
UK investment firm abrdn and regulated exchange Archax have launched a token that represents ownership in a money-market fund, allowing investors to allocate capital in new and flexible ways, with plans to introduce trading pairs of the token and bitcoin, as well as exploring its use as collateral in regulated DeFi.
Two men accused of attacking decentralized finance (DeFi) platform Platypus and stealing $9 million in crypto have been acquitted by a Paris court after arguing they acted in good faith as "ethical hackers" trying to return the funds.
Elon Musk and Bill Gates may be potential buyers for former President Donald Trump's Mar-a-Lago, with a possible price tag of $1 billion, according to a Palm Beach real-estate broker and defense witness in a fraud trial.
Brazilian bank Itau Unibanco has launched a cryptocurrency trading service for its investment platform clients, starting with bitcoin and ether, and plans to expand to other crypto assets in the future.
Stocks of Coinbase and MicroStrategy surged nearly 9% ahead of the market open as bitcoin gained 4% in the past 24 hours, extending its year-to-date gains to over 150%, with traders viewing these companies as proxy bets for the crypto markets.
Mantle, the Ethereum layer-2 project with a $2.3 billion treasury, has launched its liquid-staking protocol, Mantle LSP, allowing users to stake ETH and receive $mETH tokens while aiming to become the third-largest treasury after Lido and Rocket Pool.
Institutional traders have increased their bitcoin holdings, while their stance towards ether and altcoins remains mixed, according to a report by Bybit Research.
Crypto strategist predicts that Bitcoin could rally close to $50,000 next month, followed by a correction to $30,000, with a long-term target of $83,000 by 2025, while Ethereum is expected to move higher towards $2,500.
Bitcoin pioneer and cryptography expert Adam Back predicts that Bitcoin could surpass the market capitalization of gold within a year or two, with BTC prices needing to reach $700,000 for this flippening to occur.
Bitcoin and ether saw gains of up to 4% amid growing optimism for a potential approval of a spot exchange-traded fund (ETF) in the U.S., while gold prices also contributed to the positive sentiment; over $120 million in bitcoin shorts have been liquidated since Friday, and open interest on BitMEX spiked 90% as a large player made massive bets on the platform.
Bitcoin broke above $40,000 for the first time this year as it gains momentum due to enthusiasm about U.S. interest rate cuts and the anticipated approval of U.S. stock market traded bitcoin funds.
The approval of spot Bitcoin exchange-traded funds (ETFs) could trigger a sell-off event in Bitcoin, but analysts believe any correction will be shallow due to positive fundamentals and the high anticipation for ETF approval. December is expected to be a strong month for Bitcoin, with institutional investors speculating on ETF approval and little chance of a serious correction before the approval occurs.
Bitcoin has surged in value and the approval of Bitcoin spot exchange-traded funds (ETFs) by Wall Street giants could further contribute to the price boom and encourage institutional adoption.
A hacker using "address poisoning" attacks has stolen over $2 million from Safe Wallet users in the past week, bringing the total number of victims to 21 and the total theft to at least $5 million over the past four months.
A member of the United States Space Force has called for an investigation into using Bitcoin's proof-of-work system to protect the country from cyber warfare, stating that it has broad strategic significance for cybersecurity and national security.
Solana co-founder Anatoly Yakovenko believes that Solana's success does not depend on the demise of Ethereum, and envisions a future where both platforms thrive and contribute to the growth of decentralized technologies.
Crypto strategist Rekt Capital predicts bullish rallies for Tron (TRX) and Aave (AAVE), with TRX potentially retesting support at $0.10 and AAVE aiming for $111, while Chainlink (LINK) must stay above $14.00 to sustain its uptrend and Polkadot (DOT) is beginning its uptrend.
Zodia Custody, a cryptocurrency storage provider backed by Standard Chartered, is joining Metaco's network to provide global sub-custody services for institutions, enabling assets to be held in different jurisdictions.
Bitcoin reached $40,000 for the first time in 18 months while Ethereum surpassed $2,200 in a subdued rally, fueled by optimistic comments from US central bankers and hopes of a bitcoin ETF launch.
Binance CEO Richard Teng insists that the crypto exchange has addressed its compliance issues and is now focused on growth and working closely with global regulators following a $4.3 billion settlement with the US Department of Justice. Teng, who took over the role after Changpeng 'CZ' Zhao stepped down, emphasizes that Binance has always protected user funds and that the settlement does not involve any misappropriation of funds. The company is also investing heavily in compliance and has established regional headquarters in the UAE and France.
Tesla's inclusion of multiple mentions of Dogecoin in the code of its Cybertruck page has sparked speculation that the company may eventually allow payment for the truck in DOGE, reflecting Elon Musk's ongoing affinity for the meme coin.
Chainlink whales have increased their holdings of LINK tokens by over $50 million, coinciding with a decrease in LINK's balance on exchanges, indicating bullish sentiment and a shift towards long-term holding, while the positive on-chain activity has been marred by an error in Chainlink's price feed on Arbitrum, leading to the liquidation of five positions.
The daily transactions on Shiba Inu's layer-2 network, Shibarium, have experienced a significant spike, resulting in a 650% increase in the SHIB token burn rate, while the price of Shiba Inu remains relatively unchanged.
A new report from Matrixport suggests that Bitcoin could reach $125,000 in 2024, citing factors such as the upcoming halving event and a potential reversal of the Federal Reserve's tight monetary policies.
Bitcoin broke above the resistance of $38,000 and is approaching $40,000, with expectations for a spot Bitcoin ETF approval in January potentially causing the price to soar; however, traders should prepare for a sell-off after the initial reaction.