The United States government is seeking crypto founder Richard Heart, who has been charged with orchestrating an illegal securities scheme, but has been unable to serve him the legal documents. Heart, who is believed to reside in Finland, has remained secretive about his whereabouts and continues to publicly tweet without referencing the search efforts.
Prominent investor Raoul Pal predicts that 2024 will be a favorable year for cryptocurrencies, surpassing the prospects for tech stocks, based on key market indicators and data.
Several major alternative cryptocurrencies, including DYDX, OP, and SUI, dropped sharply ahead of their large token unlocks, causing prices to underperform the broader crypto market. The unlocks will increase the supply of these tokens and allow early investors to sell them.
Ripple (XRP) price has found support at $0.5981 and could potentially climb higher following a partnership with HSBC, indicating growing adoption of the XRPL and XRP token by financial institutions.
Bitcoin (BTC) derivatives remain strong despite regulatory actions, with professional traders maintaining bullish sentiment while retail traders show apathy and heightened regulatory concerns.
Pudgy Penguins, a successful NFT collection, has released an exclusive "influencer box" of toys and collectibles available only on Walmart.com for Cyber Monday, featuring a 12-inch plush toy, an action figure, a smaller clip-on plush, an igloo toy, and a certificate for a free NFT on the Pudgy World gaming platform.
The governance token for crypto mixer Tornado Cash, TORN, has experienced a significant decline of over 50% after Binance announced it would delist the token, citing it no longer meets their standards.
Canadian bitcoin mining firm Bitfarms has announced a significant upgrade to its mining fleet, with a purchase order of 35,888 Bitmain T21 miners, signaling a transformative era in the industry and positioning the company for future growth and efficiency.
Major financial giants Apollo Global Management and JPMorgan are leading a new project under the Monetary Authority of Singapore's Project Guardian, raising expectations for tokenization in 2024.
Coinbase's stock price rose over 4% as CEO Brian Armstrong's positive remarks on the recent issues with Binance and increased investment in digital asset funds boosted confidence in the cryptocurrency sector. However, Wall Street analysts have a Hold consensus rating on Coinbase's stock with a 25.59% downside risk.
Institutional investors are continuing to invest in crypto funds, with $346 million worth of deposits being made to crypto ETPs last week, the highest amount in nine consecutive weeks, bringing year-to-date deposits to $1.5 billion, according to a report from CoinShares; deposits into Bitcoin-specific funds accounted for 90% of the inflows.
Square Enix has kicked off the first NFT auction for its upcoming game, Symbiogenesis, and will give free NFTs as gifts to participating bidders, with the game set to launch on December 21.
Bankless HQ and BanklessDAO are discussing a potential split after a proposed fundraising initiative by BanklessDAO caused controversy, leading to backlash and concerns of a treasury raid by some members of the crypto community.
Pending a motion for review from the U.S. government, the former CEO of Binance, Changpeng Zhao, will not be allowed to return to the United Arab Emirates as he awaits sentencing for a felony charge related to his involvement with the cryptocurrency exchange.
Coinbase is currently leading in the race to provide custody services for Bitcoin ETFs, but BitGo CEO Mike Belshe has confirmed that his company is in talks with ETF issuers, leaving the possibility open for BitGo to appear as a custodian on someone's Bitcoin ETF application. However, due to regulatory uncertainty in the US, finding suitable contenders for custody services remains a challenge.
Bitcoin remains near its recent highs as anticipation builds for the upcoming halving event and the potential approval of a spot Bitcoin ETF, with both events expected to have a positive impact on the cryptocurrency's price and market supply.
Jito, a Solana-based DeFi platform, is launching a governance token called JTO, which will be airdropped to early users to allow them to vote on future decisions for the liquid staking protocol.
Presidential candidate Robert F. Kennedy Jr. warns that central bank digital currencies (CBDCs) could pose a threat to financial freedoms by allowing governments to track all transactions, while Bitcoin provides an elegant solution for transactional freedom.
Binance founder Changpeng "CZ" Zhao may be required to remain in the U.S. until his sentencing next year after pleading guilty to violating the Bank Secrecy Act, and the Department of Justice argues that he could be a flight risk if he leaves the country.
Brazilian investors have shown significant demand for bitcoin exchange-traded funds (ETFs), with assets under management totaling $96.8 million as of November 21, driven by favorable regulation and growing interest from large institutions, according to Marcelo Sampaio, CEO of Hashdex.
HUMBL, Inc. and the County of Santa Cruz have partnered to launch the first digital wallet for a municipal government in California, providing citizens with a convenient mobile platform for government services and transactions.
A courtroom team seeking damages from celebrities for promoting failed crypto exchanges FTX and Binance has added four new famous targets to their lawsuits, including Major League Baseball, Formula 1, Mercedes-Benz, Dentsu, and Cristiano Ronaldo, citing recent legal rulings that expanded the scope of liability for promoters on social media.
Bitcoin is projected to reach up to $524,000 by 2024 based on historical performance, while other cryptocurrencies like Chainlink, Ocean Protocol, and Polkadot also have the potential for major price movements, according to analysts.
The recent settlement between Binance and the SEC indicates a shift towards regulated entities in the crypto ecosystem, which is expected to attract the interest of traditional market participants and investors, potentially leading to an outflow of funds from the Grayscale Bitcoin Trust (GBTC) and downward pressure on Bitcoin prices; however, other Bitcoin instruments like spot Bitcoin ETFs could mitigate the impact. Meanwhile, Standard Chartered analyst Geoff Kendrick predicts a price target of $120,000 for Bitcoin by the end of 2024 due to decreasing miner sales and a reduction in Bitcoin's annual inflation rate.
Around $1 billion worth of Bitcoin has been moved out of crypto exchanges in the past two weeks, with investors focusing more on accumulating Ethereum and XRP, according to crypto analyst Ali Martinez.
The approval of a spot bitcoin ETF by the SEC could potentially lead to a surge in capital investment in the crypto space, with estimates suggesting it could result in a price target of $57,000 for bitcoin.
Bitcoin (BTC) faces resistance at $38,000, but long-term bullish sentiment remains strong; Ethereum (ETH) struggles to break resistance at $2,137; Binance Coin (BNB), XRP, Solana (SOL), Cardano (ADA), Dogecoin (DOGE), and Chainlink (LINK) show mixed price action.
The article discusses the potential of new monetary technologies, such as Bitcoin and stablecoins, to disrupt the existing global money system, particularly in developing countries with high inflation and limited access to stable currencies. These technologies offer a decentralized and globally-portable form of money that could provide individuals with more choices and financial autonomy.
Digital asset funds attracted net inflows of $346 million last week, driven by anticipation for a spot bitcoin ETF, with Bitcoin funds leading the way with over $1.5 billion in inflows this year. Ether and Solana also saw significant fund inflows among altcoins.
Standard Chartered becomes one of the first foreign banks to participate in trials of China's digital yuan, offering e-CNY services to its clients and exploring its potential use in the country's financial system.
Standard Chartered has started offering exchange services for China's digital yuan, becoming one of the first foreign firms to do so, and enabling customers to access the digital yuan's interconnection platform for recharge and redemption.
Bitcoin and other cryptocurrencies experience a slight decline after recent highs, but analysts and traders anticipate the upward momentum to persist.
Movement Labs has launched M2, the first Move Virtual Machine L2 for Ethereum, allowing developers to easily launch secure, high-performance Move VM rollups with features such as data availability and shared sequencing.
The Tron blockchain has become the preferred cryptocurrency network for terrorist organizations, surpassing Bitcoin, as evidenced by a rise in seizures from Tron wallets and a decline in seizures from Bitcoin wallets.
Cryptocurrency exchange and Web3 developer OKX has launched a local exchange and Web3 wallet in Brazil to cater to the country's growing crypto market and demand for decentralized finance (DeFi) services.
Top blockchain oracle provider Chainlink (LINK) may be due for a significant correction, while decentralized data service Ocean Protocol (OCEAN) needs to close above a key resistance level to indicate further upside, and the interoperability chain Polkadot (DOT) is on the verge of entering a new long-term uptrend.
Terra ecosystem coins, LUNA and Terra Luna Classic (LUNC), have experienced significant price surges following a $15 million injection into the Terra DeFi ecosystem, while the reason behind LUNC's price increase remains unclear.
Over $750 million of locked tokens are set to be unlocked and released into the markets in December, with dYdX, Optimism, 1inch, and Aptos among the projects releasing the largest amounts.
The US Federal Reserve is expected to cut interest rates by 100 basis points next year, making it the most dovish central bank among advanced nations, which is likely to weigh on the US dollar and potentially incentivize risk-taking in both crypto and traditional markets.
Following a community vote to reduce inflation on the Cosmos Hub's native token ATOM, founder Jae Kwon has called for a hard fork to create a new network, AtomOne, that would support both ATOM and a new ATOM1 token. The proposal passed with 41.1% of the voting power in favor, resulting in ATOM's price slipping by 4%.
Block, the company led by Jack Dorsey, has announced that it will no longer use performance improvement plans (PIPs) or conduct annual performance reviews, going against the trend of other companies using PIPs for employee development and improvement.
Bitcoin's price remains uncertain as it hovers near its highest levels in 18 months, with traders waiting to see if it will experience a deeper retracement or break through $40,000, while upcoming macroeconomic events and the monthly close could inject volatility into the market. The Grayscale Bitcoin Trust (GBTC) is also approaching price parity with BTC/USD, signaling growing institutional interest, and Bitcoin's hash rate has reached record highs, reflecting miners' confidence in future profitability. Additionally, BTC balances on exchanges are trending down, indicating decreased selling pressure.
The number of tax evasion cases involving crypto assets increased by 35% in 2022, although the average value of undeclared income in crypto fell by 19% in Japan.
The co-founders of crypto media Bankless plan to separate the brand from BanklessDAO due to controversy and community criticism surrounding a grant application made by BanklessDAO.
Ethereum (ETH) is approaching a significant turning point against Bitcoin (BTC), according to crypto analyst Benjamin Cowen, who predicts a potential collapse in the ETH/BTC ratio.
XRP price is potentially forming an inverse head-and-shoulders pattern that suggests a 60% upside to $1.234, but this bullish outlook will be invalidated if the price breaks below $0.475.
Cryptocurrency mining company Hive Digital Technologies plans to expand its operations in Sweden by acquiring land and a data center to increase Bitcoin production and house its incoming ASIC servers.
Cathie Wood's ARK Invest sold over 163,000 shares of Grayscale Bitcoin Trust, earning $5.02 million, as the discount to its net asset value reached its lowest level in over two years, indicating growing optimism for a spot bitcoin exchange-traded fund (ETF) approval in the U.S.
Bitcoin could be gearing up for a parabolic rally similar to its previous surges, according to a well-known trader who points to a chart pattern and supportive data as evidence.
Metaco, the Swiss digital assets custody firm acquired by Ripple, is partnering with HSBC, leading supporters of Ripple to believe that financial institutions will adopt Ripple's XRPL and the XRP token, although the decision was not directly influenced by Ripple's acquisition and had been in the works for over 18 months.