The price of Bitcoin and other cryptocurrencies surged this week, driven by bullish Wall Street sentiment and the news of BlackRock's ethereum spot ETF application, leading to panic among short-sellers and bullish forecasts for future price increases.
Former FTX CEO Sam Bankman-Fried has been found guilty of securities fraud and money laundering, putting a shadow over the crypto industry, but industry players argue that his crimes are the actions of an individual and not indicative of the technology underlying cryptocurrencies.
The Indian Supreme Court rejected a Public Interest Litigation (PIL) seeking regulations and guidelines for cryptocurrency trading in India, stating that such demands are legislative in nature. However, the petitioner was allowed to pursue legal remedies and approach other relevant authorities while currently in custody.
BlackRock's potential filing for an Ethereum ETF may negatively impact Bitcoin's price, leading a crypto analyst to have a less bullish stance on BTC and a more positive outlook on ETH.
The cryptocurrency market is experiencing a surge, attracting investors to affordable alternatives such as KASPA, SHIBA INU, and PEPE COIN, which are priced below $0.10 and have shown significant growth and trading volume.
MicroStrategy co-founder Michael Saylor predicts that demand for Bitcoin could increase by up to 10 times by the end of 2024, due to the upcoming Bitcoin halving and the dynamics of supply and demand. He believes that Bitcoin will continue to grow in adoption and integration in the tech industry and mega banks, leading to significant price increases in the long term.
Billionaire biohacker Bryan Johnson spends millions of dollars on scientific research and measurement protocols in his quest to retain and regain his youth, with a particular focus on high-quality sleep and anti-aging therapies.
Nonprofit ethics group Campaign for Accountability has alleged that stablecoin issuer Circle has extensive ties to Wall Street investors and the Tron blockchain, raising concerns of money laundering and terrorism financing. The group sent a letter to U.S. Senators Elizabeth Warren and Sherrod Brown presenting this information and questioning Circle's lack of regulation.
OpenAI's release of GPT-4 has sparked a creative frenzy among users who are molding the language model into various personas, including an "I'm Offended Bot," "Master Sorry," "Expert AI Consultant," "Geopolitics GPT," "Professor Thoth," "WeatherGPT," and "Grok." These customized GPTs demonstrate the potential of large language models while raising concerns about unchecked AI misuse.
US judge approves bankruptcy plan for crypto lender Celsius Network, which includes creating a new mining and staking spinoff called NewCo to repay creditors with a $1.25 billion balance sheet, $450 million of which will be liquid crypto.
Bitcoin (BTC) surged to an 18-month high of $37,000 per coin due to optimism surrounding the potential approval of a spot exchange-traded fund (ETF), while altcoins like Solana (SOL) and Ethereum also saw significant gains in the cryptocurrency market.
Users of the free version of ChatGPT were unexpectedly given access to GPT-4, OpenAI's advanced language model, sparking discussions and speculation about OpenAI's strategy and competition with other models like Claude and Google Bard. However, the access was short-lived, leaving users wondering if it was a glitch or a strategic move.
The recent surge in Bitcoin's price and increased interest from investors suggest that the crypto winter may finally be coming to an end.
Singapore-based company dtcpay is launching a payment system that will accept both fiat and cryptocurrencies for in-store and online payments, partnering with PlatON for digital infrastructure and Allinpay International for smart terminals and a digital interface.
Solana's native token, SOL, has seen a significant surge in price despite continuous selling of SOL tokens by FTX's bankruptcy estate, with investor enthusiasm being attributed to the limited impact of the token sales and the positive growth in Solana's ecosystem and network activity. However, concerns arise about the sustainability of SOL's bull run and its valuation compared to other networks.
Decentralized finance platform Raft lost $3.3 million in ether (ETH) to a hacker, but the attacker may have suffered a loss as most of the stolen funds were destroyed and they were left with less ETH than they started with. Raft's stablecoin dropped in value after the attack, but the platform is working to reimburse affected users.
Crypto enthusiasts are expressing both optimism and skepticism as Bitcoin and Ethereum hit new highs and expensive digital rock NFTs are being sold, reminiscent of previous bull market antics, although crypto activity is still below the levels seen in the 2021/2022 NFT boom.
The price of bitcoin is increasing, potentially due to the potential approval of spot bitcoin ETFs by U.S. regulators and the upcoming halving event, while investors can use CME Group cryptocurrency futures to navigate market risks and gain exposure without having to custody the coin.
An under-the-radar altcoin, Gas (GAS), has experienced a 711% increase in the past two weeks due to new perpetual contract listings and a favorable crypto market environment.
Bitcoin could potentially reach a peak of $150,000 in 2025 due to the halving event and institutional inflows brought by Bitcoin exchange traded funds (ETFs), according to analysts at AllianceBernstein.
CME Group's bitcoin futures trading has surpassed that of Binance, indicating increasing institutional interest in cryptocurrency, potentially driven by the price rally and speculation surrounding bitcoin ETFs and the upcoming halving, although the correlation between CME's dominance and future price movements is not guaranteed.
Solana's native token SOL has surged 20% in the last 24 hours, recovering its yearly losses and reaching a trading price of $54, despite uncertainties surrounding FTX Group and its plans for the token, potentially benefiting FTX's creditors.
A team of researchers from Greece has developed an "optimal model" for Bitcoin trading using the efficient market hypothesis, which outperformed the hodl strategy by nearly 300% in simulated portfolios.
Crypto trader Ali Martinez predicts a short-lived market correction for Bitcoin, citing the Tom DeMark Sequential indicator and the selling of BTC by miners as factors contributing to a potential decline of nearly 12% from its current value.
Bitcoin price remains bullish, with the potential to reach $40,000, while Ethereum faces resistance at $2,139 and Ripple's price could decline further after losing critical support at $0.66.
MicroStrategy's stock surges to its highest price since March 29, 2022, driven by the recent surge in bitcoin and the anticipation of a bitcoin ETF approval, as the company holds a significant amount of bitcoin in its reserves.
XRP price declined by 9% over four days, with Ripple CEO Brad Garlinghouse criticizing the SEC and expressing concerns about the lack of clarity from the US government on crypto, which has made banks hesitant to adopt XRP.
Midas, a stablecoin backed by U.S. Treasuries, plans to unleash its stUSD token on decentralized finance platforms, aiming to tokenize traditional finance products and tap into the higher yields offered by assets like U.S. Treasuries.
Investors have invested over $1.07 billion in digital asset investment products this year, marking a significant increase from previous years, with the majority of the inflows directed towards Bitcoin, while Ethereum's deflationary nature and yield potential are gaining attention.
Bitcoin investment funds have reached a record high of 863,434 BTC as investors anticipate the approval of spot Bitcoin exchange-traded funds (ETFs), leading to a surge in Bitcoin's price.
Crypto lender Hodlnaut is facing liquidation as the High Court of Singapore orders its closure, following a period of frozen funds and market turbulence, including exposure to collapsed firms Terra and FTX.
BlackRock registering the iShares Ethereum Trust has increased expectations for an Ether (ETH) spot exchange-traded fund, showing that BlackRock's cryptocurrency ambitions extend beyond Bitcoin (BTC), leading to optimism for the approval of Bitcoin ETFs in 2024.
Crypto tokens tied to gaming-centric networks and high-profile games in the Ethereum ecosystem, such as Illuvium, Ronin, and Immutable, have experienced significant double-digit percentage gains over the past week, with Illuvium leading the way with an 86% price jump due to its upcoming launch on the Epic Games Store and the next beta test release this month.
A top-level executive of OneCoin has pleaded guilty to charges of conspiracy to commit wire fraud and conspiracy to commit money laundering in connection with the multi-level marketing scheme that defrauded victims of over $4 billion.
The upcoming Bitcoin halving in April 2024 will cut rewards for Bitcoin miners in half, increasing production costs but potentially presenting opportunities for investors in mining companies.
Rebel Satoshi introduces RBLZ, a new meme coin that aims to empower and unite individuals by democratizing wealth and providing financial access through a playful and purposeful ecosystem.
Bankrupt crypto lender Celsius is set to emerge from bankruptcy by early 2024 after its reorganization plan was approved, returning between 67% and 85% of holdings to creditors and allocating $2 billion to customers, with a new company owned by Fahrenheit LLC to focus on staking and mining.
Binance, the world's largest crypto exchange, will no longer accept Russian ruble deposits and will be leaving the Russian market, urging users to transfer their funds to the newly created company CommEX.
The Dogecoin price has broken out from long-term resistance but has yet to increase its rate of increase, with analysts suggesting different possibilities for its future trajectory.
Animoca Brands has acquired blockchain-powered streaming platform Azarus to change gaming culture by enabling streamers to generate income, engage their audience, and reward followers, with the potential to expand the audience for blockchain games. Additionally, Animoca Brands aims to develop a more vivid gaming community and onboard new gaming talent to the future of blockchain gaming.
Bitcoin's on-chain indicator suggests that the cryptocurrency could reach a six-figure price in its next bull cycle, potentially reaching at least $110,000.
A new nonprofit organization called Navigation Fund, founded by Jed McCaleb, has purchased $500 million worth of NVIDIA H100 AI chips, creating one of the largest AI computing clusters globally. The chips will be owned by Voltage Park, a subsidiary of Navigation Fund, with the goal of addressing the current shortage of cutting-edge compute resources and providing affordable access to AI computing for users.
Bitcoin's price has more than doubled since the collapse of FTX a year ago, outperforming the S&P 500, the "Magnificent 7" Big Tech stocks, and gaining momentum on hopes of a soon-to-be-approved spot bitcoin ETF.
As many as 48 countries, including the UK, Singapore, and Luxembourg, have committed to a tax-transparency standard starting in 2027 that will combat tax evasion on crypto exchanges through the automatic exchange of information between jurisdictions.
BlackRock plans to create an ETF for Ethereum's ether, resulting in a surge in ETH price, while UBS allows wealthy clients exposure to crypto ETFs through its Hong Kong platform.
Over $100 million worth of digital assets were stolen from the cryptocurrency exchange Poloniex in what is believed to be a significant hack, with the funds already transferred to multiple accounts and converted to Ethereum (ETH), prompting the exchange to disable its wallet temporarily and initiate an investigation into the incident.
Bitcoin and other major cryptocurrencies have surged in value, surpassing $36,000 per bitcoin and adding $600 billion to the crypto market, as a window opens for Wall Street giants to potentially flow into the market.
Crypto lender Celsius has received court approval for its reorganization plan, marking its exit from bankruptcy and allowing creditors to recover up to 85% of their holdings, with customers receiving approximately $0.25 per CEL utility token, while former CEO Alex Mashinsky awaits trial for fraud charges over the alleged manipulation of the CEL token's price. The implementation of the reorganization is expected to be completed by early 2024, with control handed to Fahrenheit Holdings, which plans to focus on mining and staking.
Poloniex, a crypto exchange owned by Justin Sun, has experienced a hack resulting in over $126 million worth of cryptocurrency being stolen from one of its wallets, including ETH, TRON, stablecoins, and meme coins, with additional funds from Tron and Bitcoin also pilfered; however, Poloniex has stated that it maintains a healthy financial position and will fully reimburse the affected funds, while collaborating with other exchanges to recover the stolen assets.
The Solana (SOL) price reached a new yearly high of $51, trading within the long-term $50 horizontal area, with a potential breakout possibility, although failure to close above the $50 resistance area could trigger a 20% drop to the support at $40.