ARK Invest sold $5 million of Coinbase stock while buying $2 million of Robinhood shares and $1.5 million of SoFi Technologies, with ARK's total investment in Robinhood reaching $13.5 million this month, while SoFi is exiting the crypto business and transferring its customers to Blockchain.com.
Capital from China could flow into Bitcoin as wealthy Chinese individuals and state-owned enterprises (SOEs) use banks in Hong Kong for international transactions and regulated crypto exchanges and brokers are now available in the city, according to BitMEX co-founder Arthur Hayes.
A recent study and mainstream media reports claim that Bitcoin transactions are causing a global water shortage, but the claims are misleading as water used for Bitcoin mining is often repurposed and the industry is becoming more sustainable with innovations such as hydro-cooling farms and waste gas flare usage, according to experts and research papers.
The cryptocurrency token GROK2 surged 2000% in value, but despite its name alluding to Elon Musk's AI chatbot venture, it has no official connection to him or his businesses.
The Philippines SEC is set to block access to Binance in the country due to the platform not having the necessary license, with Binance given three months to allow Filipino investors to close their positions and withdraw their investments. Additionally, Binance could face criminal charges, fines, and imprisonment, and football star Cristiano Ronaldo is being sued for promoting the exchange.
Paul Grewal, the Chief Legal Officer of Coinbase Global Inc, recently sold a significant number of shares, indicating potential concerns about the stock's valuation being on the higher side.
Bankrupt crypto exchange FTX has been approved to sell $873 million of trust assets to repay creditors affected by the exchange's collapse, with the majority coming from Grayscale's Bitcoin Trust.
FTX's bankruptcy advisors have been granted court approval to sell assets held in digital trusts from Grayscale and Bitwise, valued at nearly $873 million, in order to repay creditors, including exchange customers, with the recent rise in value of assets like Bitcoin and Ethereum contributing to the increased valuation.
Cardano (ADA) is currently in a "key demand zone" and could potentially climb to new yearly highs, but losing support at its current level could trigger a brief correction, according to crypto analyst Ali Martinez.
Team Liquid, an esports organization, has partnered with NFT game Illuvium to test and advise on its player-vs-player creature autobattler experience, as well as develop its esports scene and tournaments by co-hosting an esports tournament with a $100,000 prize pool and releasing Team Liquid-themed Illuvium NFTs.
Swiss asset manager Pando Asset has submitted a Form S-1 to the Securities and Exchange Commission (SEC) for a spot Bitcoin exchange-traded fund (ETF), becoming the 13th bidder in the race for approval, alongside BlackRock, ARK Invest, and Grayscale. Bloomberg ETF analyst Eric Balchunas raised concerns about Pando's late entry and the implications if it is approved alongside other ETFs on January 10. Meanwhile, BlackRock met with the SEC to discuss its ETF bid and pitched a revision to its redemption model.
Blockchain protocol Algorand has expanded its presence in India through partnerships with NASSCOM, TiE Bangalore, and the Mann Deshi Foundation, aiming to promote financial inclusion and develop blockchain solutions for women entrepreneurs.
Brazilian citizens may soon be required to pay up to a 15% tax on income derived from cryptocurrencies held on exchanges outside the country, as new income tax rules have been approved by the Federal Senate and are expected to be approved by the President, effectively making funds taxable at the same rate as funds held domestically.
A meme coin called MUNGER saw a surge in value after the death of Charlie Munger, Vice Chairman of Berkshire Hathaway, but quickly plummeted as these coins often capitalize on breaking news and leave investors with empty bags.
Bitcoin's value has surged by 128% in 2023, and it is predicted to continue rising in 2024 based on two potential catalysts: the upcoming halving event and the potential approval of a spot Bitcoin ETF, which would broaden its accessibility to investors and increase its credibility.
Bitcoin is expected to experience a bull run in 2024, reaching a new all-time high, driven by factors such as the approval of bitcoin exchange-traded funds in the U.S., the halving event in April, and favorable macroeconomic conditions, according to Anthony Rousseau, head of brokerage solutions at TradeStation.
Grayscale is updating the Grayscale Bitcoin Trust (GBTC) agreement to optimize its structure for a potential uplisting to a spot bitcoin exchange-traded fund (ETF) and compete with other applicants like BlackRock, with proposed modifications including daily payable fees and commingling of assets.
Artificial intelligence is being used to transform still-image memes into animated videos, resulting in both intriguing and bizarre animations that push the boundaries of normalcy in animation.
The Philippines' Securities and Exchange Commission is blocking access to Binance, the world's largest crypto exchange, due to its lack of registration and necessary licenses, following the resignation of Binance's chief who pleaded guilty to breaking U.S. anti-money laundering laws.
Institutional investors are showing strong confidence in Bitcoin's potential to surpass $40,000 as evidenced by the significant growth in the Chicago Mercantile Exchange's (CME) Bitcoin futures open interest, indicating increasing interest in the cryptocurrency market.
Bitcoin has given a "parabolic signal" indicating the beginning of a strong bull market, according to a popular crypto analyst who analyzed liquidity, trend indicators, and market cycles.
The discount on the Grayscale Bitcoin Trust (GBTC) has significantly narrowed, signaling growing optimism that the US Securities and Exchange Commission (SEC) will approve physically-backed Bitcoin exchange-traded funds (ETFs). Investors are betting on the conversion of GBTC into an ETF, leading to a surge in the trust's value, but JPMorgan analysts warn that outflows could occur after the conversion if Grayscale does not lower its fee.
Helium Mobile, a wireless phone service built on the Helium network, has been named the Official Wireless Sponsor of University of Miami Athletics, partnering with the school to offer promotions and fan experiences at home games.
The U.S. Department of the Treasury is seeking expanded powers to combat illicit finance in the crypto sector, including jurisdiction over non-U.S. stablecoin issuers like Tether, in an effort to target terrorist funding and enhance enforcement capabilities.
Cryptocurrency exchange Binance will stop supporting the BUSD stablecoin by December 15th due to regulatory pressure, advising users to withdraw or convert their holdings into alternative cryptocurrencies or Binance's own FDUSD stablecoin at a 1:1 ratio with no trading fees.
Soccer star Cristiano Ronaldo is being sued for $1 billion over his association with Binance, as investors claim that his promotion of the crypto exchange platform caused them to lose significant amounts of money.
Gary Gensler's tenure as SEC chair has been criticized for lacking legal clarity, failing to pass new crypto-focused legislation, and pushing a self-interested agenda, according to a deep dive by Fortune Magazine.
Ripple (XRP) price faces resistance at $0.6142 and could drop 10% if support at $0.5891 breaks, but rumors of a possible settlement with the SEC could lead to a surge in value.
San Francisco-based fintech firm SoFi is discontinuing its crypto services following increased scrutiny from the Federal Reserve, with existing customers given until December 19 to migrate their holdings to Blockchain.com or risk having their crypto sold and potentially facing a large tax bill. The terms of the agreement between SoFi and Blockchain.com have not been disclosed, but it is expected that hundreds of thousands of customers will move over, bringing with them hundreds of millions of dollars in crypto.
Binance will end support for its BUSD stablecoin on Dec. 15, but users can still redeem their BUSD until Feb. 2024, and any remaining balances will be automatically converted to FDUSD; the move comes after regulatory scrutiny and legal issues faced by Binance.
Bitcoin (BTC) retreated from resistance as US GDP figures exceeded expectations, raising concerns about the Federal Reserve's policy ahead of an interest rates decision in mid-December.
A meme coin called MUNGER, created in response to the death of Warren Buffett's associate Charlie Munger, has seen a 409% increase in value within 24 hours, despite Munger's strong criticism of cryptocurrencies.
San Francisco-based cryptocurrency exchange Coinbase is facing regulatory challenges from the U.S. Securities and Exchange Commission (SEC) over the classification of certain crypto assets as securities, prompting the company to seek regulatory clarity in the UK, where the government has been supportive of the crypto industry. Coinbase CEO Brian Armstrong expressed frustration with the lack of feedback from the SEC and highlighted the ongoing "turf war" between the SEC and the Commodity Futures Trading Commission as a hindrance to clear regulation in the US.
The IOTA token surged 43% after the registration of the IOTA Ecosystem DLT Foundation in Abu Dhabi, which will be funded by $100 million worth of tokens vested for four years.
Charlie Munger, Warren Buffett's right-hand man, passed away at the age of 99, leaving behind a legacy of sharp wit and investment wisdom that included opinions on cryptocurrencies, technology's impact on the media industry, and his investing philosophy.
Charlie Shrem tells the story of how he founded BitInstant, a Bitcoin empire that grew to account for 30% of all Bitcoin transactions, before being arrested and charged with money laundering.
Bitcoin startup Mummolin has raised $6.2 million in seed funding to launch a decentralized mining pool called OCEAN, which aims to give miners control over their block rewards directly from the network, without the interference of a centralized entity. The pool, led by Jack Dorsey and other investors, aims to address the issue of censorship and centralization in existing mining pools.
China and the United Arab Emirates (UAE) have signed a currency swap agreement and Central Bank Digital Currency (CBDC) partnership, renewing their commitment to local currency promotion and digital finance development within the BRICS bloc.
Lossless Protocol is a security protocol for Web3 that freezes assets before they are stolen, providing preventive measures against hacks and exploits in the growing digital ecosystem of Web3.
SoFi, an online bank and financial-services company, is transferring its crypto customers to Blockchain.com as it exits the cryptocurrency business ahead of its transition to becoming a bank holding company.
The owner of a mystery wallet has purchased over $424 million worth of bitcoin, making them the 74th largest holder, leading to speculation that they may be connected to a US asset management firm preparing for a spot bitcoin ETF.
Solana (SOL) has emerged as the best-performing cryptocurrency among the top 20 coins and tokens, experiencing a 24-hour jump of over 7% and a 10% gain in value over the past seven days, following a November rally driven by short sellers exiting their positions and renewed institutional interest.
The tokenization market is expected to experience significant growth in the coming years, driven by advancements in technology and the entry of major financial players, leading to the digitization of various assets such as private equity funds, credit, bonds, equities, art, automobiles, commodities, and real estate, ultimately revolutionizing the financial industry.
In the wake of the declaration that most NFTs are "worthless," 5arah.eth sees an opportunity to reclaim the future and be the change she wants to see in the world by embracing the power of the blockchain and snapping up undervalued NFTs.
A top official from the U.S. Department of the Treasury warned non-U.S. stablecoin issuers that use dollar backing to address the risks posed by bad actors, without explicitly mentioning Tether (USDT) as the sector's leader, emphasizing the importance of preventing illicit activity, and suggesting that the crypto sector could establish information exchanges to identify and hold accountable those who aid criminals, terrorists, and rogue states.
Bitcoin mining during the precommercial development phase of renewable energy projects could generate millions of dollars in profit, which could be reinvested in future renewable energy initiatives, according to a study by Cornell University researchers. The study suggests that providing economic incentives for environmentally friendly crypto mining, such as carbon credits for avoided emissions, could encourage the adoption of clean energy sources and contribute to climate change mitigation.
The United States is sanctioning virtual currency mixer Sinbad.io for its role in processing stolen virtual currency and facilitating illicit activities such as sanctions evasion and drug trafficking.
TerraClassicUSD (USTC) and Terra luna classic (LUNC) tokens experienced a massive surge in value, with USTC gaining 300% in a week, following the introduction of a new Binance perpetuals contract listing and plans for a bitcoin-backed revamp, as the tokens are remnants of the failed Terra ecosystem that collapsed last May.
Blockchain game developer Gunzilla Games has revealed details about its upcoming multiplayer shooter game "Off the Grid," which incorporates blockchain technology for its in-game economy and progression, with motion-capture roles recorded by celebrities and a 60-hour narrative campaign and 150-player battle royale mode, among other features. Gunzilla has also launched the test network for its Gunz blockchain subnet and released a companion game called Technocore, where players can find items that can be traded as non-fungible tokens (NFTs) on Gunzilla's official marketplace.
Bitcoin mines have a significant water footprint, with the water consumption associated with a single Bitcoin transaction being enough to fill a small backyard pool, according to a new analysis. The study highlights the growing water consumption of Bitcoin mining and suggests finding alternative ways to validate transactions to reduce the environmental impact.