Cryptocurrency lending platform Celsius Network may need to secure a fresh vote from creditors for its planned shift to a Bitcoin mining venture, as a US bankruptcy judge expressed displeasure over the abrupt change.
Bitcoin's recent on-chain data and hash rate suggest a bullish trend, with analysts predicting that the cryptocurrency will not fall below $35,000 and could potentially reach $524,000 in the next four years.
The case for a continued rally in bitcoin has strengthened due to a significant withdrawal of coins from centralized exchanges, indicating a bias for long-term holding and strong demand, with expectations of a spot ETF launch contributing to the market's euphoria.
The expiration of Bitcoin and Ethereum options contracts could impact the momentum of the crypto markets, with a significant number of contracts set to expire today and expectations focused on the approval of a Bitcoin spot ETF in January.
Bitcoin (BTC) reached $38,000 after its best monthly close since April 2022, with support holding and resistance levels identified around $35,000 to $39,000, signaling strength in the market.
The price of the OX token surged after co-founder Su Zhu posted on Twitter for the first time since his arrest, reaching a 63-day high not seen since the day of his arrest.
Australian law firm Cadena Legal has advised investors and traders in decentralized finance (DeFi) to ignore the Australian Tax Office's (ATO) new cryptocurrency taxation guidelines, stating that they are unclear and should be seen as "toilet paper." The firm's founder, Harrison Dell, criticized the non-binding guidance, and called for a public ruling to resolve the confusion surrounding DeFi and capital gains tax (CGT). However, a crypto tax expert warned that disregarding the ATO's guidelines could be risky and may require legal representation to fight against the ATO's rulings.
The United Nations Development Programme (UNDP) plans to train its 22,000 staff members in blockchain technology to help countries achieve sustainable development growth.
MicroStrategy has increased its Bitcoin holdings to 174,530 BTC worth $6.65 billion, with a 25.3% unrealized profit, as the tech company's founder advocates for Bitcoin as a store of value and investment asset.
Former FTX CEO Sam Bankman-Fried, who is currently in pretrial detention, was reportedly worried for his safety and considered paying for protection, according to a former inmate; however, Bankman-Fried was housed in a separate unit for wealthy and cooperating prisoners and was ultimately deemed safe by the former inmate.
Crypto asset manager Grayscale has met with the US Securities and Exchange Commission (SEC) regarding its plan to convert the GBTC fund into a spot Bitcoin exchange-traded fund (ETF), while industry analysts predict the approval of Bitcoin ETFs in early January 2024.
Bitcoin's price has reached over $38,000, its highest level since May 2022, marking a 10% increase in the last 30 days and a 121% increase in one year.
Radix (XRD), Solana (SOL), and Ethereum (ETH) are predicted to experience significant price movements according to a closely followed crypto trader, with Radix potentially soaring by over 51%.
Swiss cryptocurrency bank Seba has rebranded to Amina Bank as it expands its trading services globally, aiming to bring together traditional, digital, and crypto banking.
Former Berkshire Hathaway Vice Chairman Charlie Munger dismissed crypto as "worthless," but shortly after his death, the Ethereum-based MUNGER token experienced a massive pump and dump, soaring 31,000% before crashing down 97.6% in value within 48 hours.
The United States Securities and Exchange Commission (SEC) is seeking public comments on Fidelity's application for a spot Ethereum exchange-traded fund (ETF), inviting individuals to submit their views on the proposed rule change.
Portuguese soccer star Cristiano Ronaldo is facing a $1 billion class-action lawsuit for promoting cryptocurrency-related "non-fungible tokens" issued by Binance, with the plaintiffs claiming that his endorsement led them to make costly and unsafe investments.
Meme coins named after Henry Kissinger have seen significant trading volume and price increases following the announcement of his death, continuing a trend in the crypto market of volatile tokens created in memory of prominent public figures.
A large Bitcoin address holding over $450 million worth of Bitcoin has sparked speculation about whether it belongs to a whale or an exchange, with experts suggesting it is likely part of an exchange's cold storage infrastructure.
The United States Internal Revenue Service (IRS) is proposing new tax rules for cryptocurrency providers that would redefine the definition of "brokers" and require them to collect personal user information and report it to the IRS, potentially impacting the anonymity and flexibility of digital assets. The proposed regulations have raised concerns about privacy and stifling innovation within the cryptocurrency industry. The industry is actively engaging with regulators to shape fair and supportive regulatory measures while balancing compliance and growth.
Lawmakers involved in U.S. crypto legislation are now targeting 2024 for the passage of digital assets bills in the Republican-controlled House, with hopes that success there will influence the Democrat-controlled Senate, though challenges remain.
CleanSpark, Inc., America's Bitcoin Miner, has reported revenue of $168 million, a net loss of $137 million, and adjusted EBITDA of $25 million for its fiscal year ended September 30, 2023, with annual bitcoin production almost doubling to 6,903.
Bitcoin price remains below the $40,000 mark, unresponsive to bullish developments, while Ethereum price defends the $2,029 support level and Ripple price is at an inflection point.
The Sinbad app, a successor to the federally sanctioned coin mixer Blender, has been sanctioned by the US Treasury Department for being used by the North Korean hacking group Lazarus Group to launder millions of dollars in illicit funds and engage in various illegal activities.
Longtime Bitcoin critic argues that each transaction on the Bitcoin network uses over 16,000 liters of water and criticizes the water consumption and energy usage of bitcoin mining, while others argue that transaction throughput is independent of electricity consumption.
Ripple (XRP) price is potentially poised for a significant move depending on the outcome of the closed-door meeting held by the US Securities and Exchange Commission (SEC) on November 30, with speculation of a possible settlement in the Ripple case.
A cryptocurrency analyst has warned investors of a gradual decline in several prominent cryptocurrencies, including Solana, Chainlink, Avalanche, and the DeFi token Rune, before a potential upward movement in January.
Coinbase, the crypto exchange, received three times as many law enforcement requests this year as it did in 2020, with almost half of the requests coming from the United States.
Users of the cryptocurrency app Coscoin fear they have lost thousands of pounds as they have been unable to make withdrawals, with some individuals losing up to £3,000.
Dogecoin, originally created as a joke, has gained a huge following and reached all-time highs in 2021, with early investors experiencing significant returns, including a hypothetical $1,000 investment in 2013 now being worth over $274,807.88.
Portuguese soccer star Cristiano Ronaldo is facing a $1 billion class-action lawsuit for promoting cryptocurrency-related NFTs issued by Binance, with the plaintiffs alleging that his promotion was deceptive and led to costly investments. The lawsuit claims that Binance's fraud was enabled by the sale of unregistered securities and the assistance of celebrities like Ronaldo. NFTs have seen a decline in value following scandals and market downturns in the crypto industry.
The United States Securities and Exchange Commission is seeking public comments on a proposed rule change that could allow Fidelity to offer shares of its spot Ether exchange-traded fund (ETF), which would provide U.S. investors with a regulated vehicle for exposure to Ether.
Billionaire investor Mike Novogratz believes that Bitcoin will reach its highest levels ever within a year, citing the potential approval of a US spot Bitcoin ETF as a catalyst for the cryptocurrency's surge.
Soccer star Cristiano Ronaldo is facing a $1 billion class action lawsuit for his involvement in promoting Binance, the world's largest cryptocurrency exchange, which allegedly led to financial losses for investors.
Tech company MicroStrategy has increased its Bitcoin holdings to 174,530 BTC, worth approximately $6.6 billion, making it the largest corporate holder of the digital asset, as the company continues to view Bitcoin as a hedge against inflation and a strategy for maximum returns.
Coinbase CEO Brian Armstrong is optimistic that a spot Bitcoin ETF will be approved soon, citing the SEC's failures in court and the increasing likelihood of approval based on public information.
Bitcoin (BTC) remains steady below $38,000 as traders await the monthly close, while the Personal Consumption Expenditures (PCE) Index fails to impact market expectations of Federal Reserve policy.
Failed crypto exchange FTX has gained approval from the court to sell $744 million in assets, including stakes in digital trusts managed by Grayscale, in order to repay creditors.
Decentralized physical infrastructure provider Grove has raised $7.9 million to advance its blockchain-based network and form new partnerships for mainstream adoption.
Bitcoin miner AntPool has announced that it will refund a $3 million transaction fee paid in error, once the owner is verified.
Bitcoin and other cryptocurrencies experience a slight decline, reducing gains, as they face resistance at a key price level.
The hacker responsible for the $46 million KyberSwap exploit has demanded "complete executive control" over the Kyber company in exchange for returning the stolen funds.
The ProShares Bitcoin Strategy ETF hits a record high of $1.47 billion in assets under management, signaling renewed institutional demand for Bitcoin, while Grayscale updates its Bitcoin Trust agreement in preparation for a potential Bitcoin ETF. Cathie Wood's ARK Invest sells Coinbase stock and buys shares in Robinhood and SoFi Technologies.
Chainlink (LINK), ImmutableX (IMX), NEO, KAVA, and MultiversX (EGLD) are altcoins with upcoming developments in December that could impact their prices.
Celsius, a bankrupt cryptocurrency lending platform, has started allowing select users to withdraw 72.5% of their cryptocurrency holdings minus transaction fees, amidst financial instability and legal issues.
Sports-betting company DraftKings received millions of MATIC tokens from blockchain company Polygon to act as a network validator, but failed to maintain its performance and was eventually removed from the network.
ARK Invest, founded by Cathie Wood, purchased $1.5 million worth of SoFi shares on the day the company announced it would terminate its cryptocurrency services by the end of 2023.
The price of Chainlink (LINK) has fallen from its yearly high and is currently contained within a symmetrical triangle, with conflicting views from analysts on its future trend.
Alchemy Pay is expanding its payment options in Europe and the UK by introducing new deposit options, including the euro instant solution and Faster Payments, to simplify the process of buying cryptocurrencies like Bitcoin.
Standard Chartered predicts that Bitcoin (BTC) could reach $100,000 within a year due to the early launch of exchange-traded funds (ETFs), as the anticipated approval of BTC spot price ETFs in the United States could nearly triple its current price.