More than half of newly listed Ethereum tokens on decentralized exchanges appear to be pump and dumps, according to a report by Chainalysis, although these questionable tokens only represent 1.3% of total decentralized exchange trading volume. The report emphasizes the importance of on-chain data and tools in identifying pump and dump schemes, and encourages investors to conduct thorough due diligence before investing in unestablished tokens.
The top growth cryptos to consider adding to your portfolio in 2024 are Chainlink (LINK-USD), Quant (QNT-USD), and SafePal (SFP-USD).
Bitcoin traded just above $42,000 after Fed Chair Jerome Powell cooled hopes of an interest-rate cut in March, while ARK Invest recommends an optimal allocation of just under 20% for crypto in portfolios.
Luganodes is bringing its staking service to Stacks, allowing institutions to earn BTC rewards while supporting the network, and Pyth announces the deployment of Pyth Entropy for on-chain random number generation. Cube.Exchange raises $12 million in a Series A fundraise, Sanctor Capital secures $10 million for its Web3 investment fund, and Upshot unveils Allora, a self-improving decentralized AI network. Additionally, Zeitgeist launches a DLMSR-based AMM for its prediction market, and WOOFi, a cross-chain DEX, is now available on Mantle Network.
Bitcoin and other cryptocurrencies have seen significant growth, and hedge fund manager Anthony Scaramucci predicts that the bitcoin price will reach $170,000 per bitcoin after its upcoming supply cut, potentially giving bitcoin a market capitalization of $3.3 trillion.
El Salvador is set to resume its Bitcoin ambitions, including the construction of a tax-free haven and the launch of Bitcoin bonds, as President Nayib Bukele is expected to secure re-election following the recent appreciation in the country's Bitcoin holdings. The plans for a Bitcoin City in El Salvador remain intact despite opposition from the International Monetary Fund.
The U.S. Energy Information Administration is launching a survey to collect data on the energy use of cryptocurrency miners operating in the United States, aiming to better understand their energy demands and analyze the energy implications of crypto mining activities.
Bitcoin's price has potentially hit a local bottom at $38,000, with factors such as support from short-term holders, their selling at a loss, and continued accumulation by Bitcoin whales suggesting increased demand and declining supply.
Cryptocurrency analyst Michaël van de Poppe predicts that Chainlink (LINK) could increase by about 90% from its current value, while also suggesting that Bitcoin (BTC) may retest a higher level ahead of the halving event in April and that altcoins will outperform BTC during that time. He further predicts that BTC could reach its prior all-time high in 2025 after breaking out of a 2024 trading range.
DZ Bank, Germany's second-largest bank, plans to launch a cryptocurrency trading pilot later this year, allowing customers to invest in various cryptocurrencies without advice.
Bitcoin could potentially rally by over 40% in the coming days and weeks if it can close above the resistance zone of around $44,000, according to cryptocurrency analyst Kevin Svenson. He also mentions that other factors, such as market demand and the upcoming halving, support a bullish bias for Bitcoin.
The Bollinger bandwidth indicator for Bitcoin's monthly chart has shown a pattern similar to previous bull runs, suggesting a major price move is imminent, although the direction is unclear; however, analysts anticipate positive growth due to increased adoption and the launch of spot BTC ETFs.
Bitcoin's value soared by over 40% in early 2023, proving itself as a stable asset and hedge against counterparty risk, according to Ark Invest's "Big Ideas 2024" report, which also identifies the Bitcoin halving event in 2024 as a potential catalyst for a bull market.
A new game studio called GG.zip launched an early access version of "Solana Hunger Games," which combines augmented reality and crypto, resulting in an immersive scavenger hunt game where players search for treasure using their mobile phones. The game quickly gained popularity, with over 100,000 followers on social media and their website crashing due to high traffic. GG.zip is supported by Delphi Digital's crypto VC arm and various influencers.
Influencer and crypto vlogger Ben Armstrong, also known as "Bitboy," is ending his daily livestream after financial difficulties and mounting legal bills following corporate and personal scandals.
Celsius Network, a crypto lender, has closed its bankruptcy process and will distribute over $3 billion to its creditors, who will also receive a stake in the newly formed Ionic Digital Inc. mining operation.
Jupiter's JUP token airdrop has led to a surge in trading volume on the Solana decentralized exchange, with over $1.2 billion worth of daily volume recorded, surpassing Uniswap on Ethereum.
Federal Reserve Chair Jerome Powell's comments on a potential rate cut in March caused a dip in cryptocurrencies, with Bitcoin falling below $43,000, while major cryptos like ETH, ADA, DOT, and SOL also experienced losses.
Vitalik Buterin, the co-creator of Ethereum, celebrated his 30th birthday and is praised for his accomplishments, contributions to the crypto community, humility, charitable donations, and dedication to decentralized technology.
The GameStop-themed meme coin on Solana, GME, has experienced a significant surge in value, doubling in the last 24 hours, as traders aim to replicate the success of meme stocks, reaching a market cap of almost $59 million and demonstrating the popularity of meme coins in the crypto market.
Argentina's President Javier Milei has decided to remove proposed cryptocurrency taxes from a controversial reform package in order to expedite its approval and focus on more agreeable aspects of the bill. However, the implications for cryptocurrency holders in Argentina remain uncertain, as selling large amounts of crypto for profit may still incur taxes.
The strength of the crypto market's bull run could rely on an increase in real-world blockchain use cases and re-engagement by past digital asset holders, according to former Goldman Sachs executive Raoul Pal.
Coinbase plans to add support for Render (RNDR), a Solana-based altcoin that aims to improve render speed for artists and reduce costs by utilizing idle GPU compute capability.
A 17-year-old made over $1 million from the Jupiter JUP/USD airdrop by actively using the platform's tools, strategically allocating funds, and utilizing features like limit orders and dollar-cost-averaging. However, it's important to note that this success required significant capital investment and time commitment, highlighting the need for careful strategy and understanding of the DeFi space.
Doom, the influential first-person shooter game, could theoretically be run using E. coli bacteria, according to a study by MIT researchers.
Ethereum co-founder Vitalik Buterin reflects on his transition from being a leading figure in the cryptocurrency space to passing the mantle onto the next generation, while also outlining his vision for the future growth of Ethereum and decentralization.
Humans are encountering various challenges and successes within the blockchain industry, including the suspension of a blockchain artwork sale and the formation of "protocol councils" to guide blockchain networks' development and security.
Despite the Federal Reserve's decision to keep interest rates unchanged, Bitcoin remained stable while other cryptocurrencies and stocks experienced drops.
A political committee called GrowSF, backed by tech industry figures including crypto billionaire Chris Larsen and Y Combinator CEO Garry Tan, raised nearly $300,000 to remove San Francisco Supervisor Dean Preston from office.
A woman in Phoenix lost $204,000 to a bitcoin scam after receiving a pop-up message on her laptop and being tricked by scammers over the phone into depositing money into Bitcoin ATMs for "security purposes."
Congressional Republicans are using the recent hack of the Securities and Exchange Commission's social media account as justification to restrict the agency's ability to collect private investor data.
Larry David revealed that he lost money on his FTX cryptocurrency ad during the 2022 Super Bowl, as the company's founder faces a fraud case.
The US Federal Reserve kept its benchmark fed funds rate unchanged, denting market hopes of a rate cut in March, as the central bank stated it would wait for greater confidence in inflation before reducing the target range.
A small allocation of bitcoin in a traditional portfolio consisting of equities and bonds could significantly boost the portfolio's return, according to a study by Bitwise Asset Management, with the addition potentially doubling the total return of the portfolio while only slightly increasing volatility.
The native token of the Ronin Network, RON, reached a two-year high price of $2.89, driven by the success of the social farming game Pixels and the launch of the seventh in-game competitive season in Axie Infinity; meanwhile, a rare NFT monster from Axie Infinity sold for nearly $246,000.
The Crypto Open Patent Alliance (COPA) is filing a case to declare that Craig Wright, who claims to be the creator of Bitcoin, is not Satoshi Nakamoto, in an effort to put an end to Wright's baseless litigations against crypto developers and protect the industry from false IP claims.
One of the biggest token airdrops on the Solana blockchain went smoothly as Jupiter distributed $700 million worth of its JUP token, with the token price increasing and the Solana network handling the activity well, although there were some issues with RPC nodes and user experience.
Three altcoins, Chainlink (LINK), Frax (FXS), and Ethereum (ETH), are showing bullish formations against Bitcoin (BTC) and could potentially outperform it in February, with LINK aiming for a 100% increase, FXS targeting a 100% increase, and ETH potentially increasing by 50%.
The recent launch of spot BTC ETFs is expected to contribute to reduced volatility and the maturation of the Bitcoin market structure, as it provides a transparent reference point for trading and could lead to the expansion of the Bitcoin options market.
Collapsed cryptocurrency exchange FTX will not be restarted due to lack of interest from buyers, but the company expects to fully repay affected customers and creditors by November 2022, according to its bankruptcy lawyer.
UK police have seized over £1.4 billion ($1.78 billion) worth of bitcoin in relation to a Chinese investment fraud, with the cryptocurrency being laundered by a former employee and converted into cash and luxury items.
The Jupiter token airdrop on the Solana network has seen significant demand, with the JUP token price increasing by over 70% in just over an hour, despite some discrepancy in the reported opening price; however, Solana has remained stable so far, handling over 2,000 transactions per second, although some users have reported failed transaction attempts.
Bankrupt cryptocurrency exchange FTX plans to fully repay customers and has given up on restarting the platform due to a lack of buyers; FTT token surges 11% following the news.
Cryptocurrency company Ripple's XRP token dropped over 5% amid speculation of a hack and loss of $112.5 million worth of tokens, with the co-founder clarifying the unauthorized access and involvement of law enforcement.
Hackers stole $112 million worth of XRP cryptocurrency from Ripple's co-founder, Chris Larsen, prompting an investigation by law enforcement and calls for increased transparency in the company.
Former UK Chancellor of the Exchequer George Osborne has joined Coinbase's Global Advisory Council, bringing his expertise in government and finance as the crypto exchange expands globally. Osborne expressed optimism for blockchain-based innovation and sees Coinbase as a pioneer in the industry.
Global X has withdrawn its application for a spot bitcoin exchange-traded fund (ETF) after the Securities and Exchange Commission (SEC) delayed its decision twice; this comes after several other issuers listed their ETFs on the market, with BlackRock's iShares Bitcoin Trust leading the race.
UK police have seized £1.4 billion worth of bitcoin from a Chinese investment fraud operation, with the defendant accused of laundering the cryptocurrency on behalf of her former employer.
New York Community Bancorp (NYCB) saw a 42% drop in its shares after missing earnings estimates and reducing its dividend, with the fourth-quarter loss attributed to merger-related items and a FDIC special assessment.
Grayscale's victory against the SEC in approving its Bitcoin trust-turned-fund, GBTC, has led to significant outflows of over $5.2 billion due to investors seeking lower fees, FTX liquidating its holdings, and investors betting on the approval of spot Bitcoin ETFs. However, GBTC still maintains market dominance with over $21 billion in assets.