The price of Bitcoin has dipped to $40,000 due to investors reallocating funds among different Bitcoin investment products, but historical evidence suggests that this is a pattern seen with previous Bitcoin-related launches and buying the dip is advised.
The recent pullback in the crypto market presents a buying opportunity for undervalued cryptocurrencies like Bitcoin and Solana, with the upcoming Bitcoin halving and Solana's innovations making them attractive investments.
The recent pullback in the crypto market provides an opportunity to buy undervalued cryptos such as Bitcoin and Solana, with Bitcoin potentially experiencing a significant increase in value due to the upcoming Bitcoin halving event and Solana offering faster innovation and potential advantages over Ethereum.
The community behind Shiba Inu (SHIB) is eagerly awaiting updates on Shibarium, the meme coin's Layer 2 network, which is expected to boost its price performance and Total Value Locked (TVL). The development may include the introduction of the SHIB identity, providing users with a consistent identity across Shiba Inu projects. Despite recent bearish performance, analysts anticipate a positive trajectory for SHIB, with potential inflows from the Bitcoin ETF. However, the inherent unpredictability of the crypto market should be acknowledged.
FTX, the fraud-tainted crypto firm, is selling off cryptoassets and accumulating cash to repay customers whose accounts have been frozen since the platform collapsed, with its cash pile nearly doubling to $4.4 billion, according to reports.
The U.S. dollar's global dominance is being threatened by the adoption and popularity of bitcoin, ethereum, XRP, and stablecoins, as well as the approval of spot bitcoin exchange-traded funds (ETFs), according to a report by Morgan Stanley's head of digital assets.
Chainlink (LINK) could potentially surge more than 167% against Bitcoin, according to cryptocurrency analyst Michaël van de Poppe, who also predicts Bitcoin will trade within the $49,000 to $39,000 range before a breakout, and that the total market capitalization for digital assets will reach $2 trillion.
Grayscale's Bitcoin ETF, GBTC, is experiencing a slowdown in outflows, suggesting a positive shift in Bitcoin's price performance despite significant withdrawals of digital assets from the fund.
Former President Donald Trump has taken a stand against central bank digital currencies (CBDCs) due to concerns over privacy and government control, and he may use his opposition as a way to appeal to both liberty-minded Republicans and privacy-minded Democrats and independents, potentially tapping into the growing Bitcoin vote.
Moonriver (MOVR), an Ethereum-compatible parachain built on Kusama (KSM), is predicted to rally close to $40 according to analyst Bluntz, who commonly uses the Elliott Wave theory to predict price action.
A pseudonymous AI game developer is recreating the world of Diablo III in the NFT game Nifty Island as an homage to the popular dungeon crawler, using fan-created art and themes rather than copyrighted assets from Blizzard Entertainment.
The meme coin WEN has gained popularity on Solana following a large-scale airdrop to over a million wallets, with recipients hoping for a significant price increase similar to other Solana meme coins in the past. However, token prices can be highly volatile, and some traders who bought WEN for hundreds or thousands of dollars immediately after the drop experienced significant losses.
Anita Posch conducted a test of self-custodial Lightning wallets in rural Zimbabwe, finding that Phoenix and Mutiny were the top choices due to their performance, reliability, and user-friendliness. Other wallets tested included Green, Zeus, and Blixt, but they had various issues and limitations.
The native altcoin for the gaming-focused NFT marketplace, Prom (PROM), has surged over 35% in 24 hours, outperforming the overall crypto market, possibly due to the announcement of a new game listing.
A crypto trader predicts a "moment of truth" for Bitcoin as it faces potential resistance, while Solana is expected to dip slightly before continuing its rally.
Bitcoin ETFs, including Grayscale Bitcoin Trust, experienced a bullish turnaround with a 6% climb in trading, providing a potential buy opportunity after a two-week slump.
Polkadot (DOT) could potentially surge by 164% to $17, according to cryptocurrency analyst Michaël van de Poppe, who also suggests that Bitcoin (BTC) is nearing the final stages of a correction, with a range between $36,000 and $51,200.
Amazon MGM Studio is developing a movie based on the true story of crypto thief Heather "Razzlekhan" Morgan and her husband Ilya Lichtenstein, who were charged with a $4 billion heist and money laundering scheme in 2022.
AI hires from top schools or with PhDs have decreased by half since 2015, as big companies seek talent while facing layoffs and increased demand, according to a survey.
CoinDesk, a leading news and information outlet on cryptocurrency and digital assets, has updated its privacy policy, terms of use, cookies, and data protection measures following its acquisition by Bullish Group in November 2023.
The U.S. Securities and Exchange Commission (SEC) has extended the review period for asset managers Grayscale Investments and BlackRock's applications for an Ethereum exchange-traded fund (ETF), as well as postponed the decision on BlackRock's application, stating the need for more time to consider the proposals.
The BlackRock iShares Bitcoin ETF (IBIT) has reached $2 billion in assets under management, making it the first spot bitcoin product to achieve this milestone.
Crypto-linked stocks, including bitcoin mining companies and Coinbase, rallied after the bitcoin price rose, with miners leading the gains and analysts suggesting that the upcoming US election could be a positive catalyst for the cryptocurrency market.
Bitcoin's local bottom has yet to be reached, with the price expected to drop to the $30,000-$36,000 range, possibly even testing the mid-high $20,000 area, before making a move towards a new all-time high, according to Chris Burniske, partner at venture capital firm Placeholder and former crypto lead at Ark Invest.
Shares of Coinbase rose as Oppenheimer upgraded the stock and raised its price target, citing the company's strength and tough management team, as well as the potential win of its lawsuit against the SEC and the recent approval of bitcoin ETFs.
A British resident accused of using the dark web to sell drugs has agreed to surrender over $330 million worth of bitcoin, marking the largest seizure of cryptocurrency in the history of the Drug Enforcement Administration.
Authorities in Finland claim to have successfully tracked transactions made using the privacy-focused cryptocurrency Monero, but experts suggest that the ability to trace transactions might be a result of users' faulty operational security rather than a compromise of Monero itself. The investigation involves transactions made by an address linked to a 2018 data breach and extortion case, but it is unclear how the authorities managed to trace Monero transactions. Despite regulatory scrutiny and delistings by some exchanges, Monero remains the largest privacy coin with a significant market cap.
Shares of cryptocurrency exchange Coinbase are trending higher after Oppenheimer upgraded the stock to "Outperform" and set a price target of $160 per share, citing stronger earnings and improving fundamentals. Bitcoin is also rebounding above $41,000 following a dip after spot bitcoin ETFs were approved by the SEC.
Privacy-focused altcoin project Manta Network (MANTA) may be on an uptrend, according to crypto analyst Altcoin Sherpa, who also predicts retesting for Solana (SOL) and a potential decline for Fetch.ai (FET).
Crypto prices saw a slight increase during the European morning, with Bitcoin reaching $41,250 and showing gains of about 2.6% in the last 24 hours, however, the market remains down about 14% from its recent highs following the approval of spot bitcoin ETFs in the U.S. earlier this month. ARK Invest has sold shares of the ProShares Bitcoin Trust ETF and bought shares in the ARK 21 Shares Bitcoin ETF, while Celo blockchain is evaluating technical proposals from teams for its migration to become a new layer-2 network atop Ethereum.
Bitcoin pioneer Jeff Garzik's production company NextCypher has enlisted "Star Trek" actor Jonathan Frakes to direct an adaptation of the sci-fi novel "Deathlands," which follows survivors navigating a post-apocalyptic world using teleportation technology. The TV show, which is a modernized version of the novel series, will be produced using Web3 tools and may incorporate non-fungible tokens (NFTs) for early access and exclusive rewards for fans. The production company plans to take a hybrid approach, combining traditional financing and distribution models with elements of Web3.
Coin Bureau host Guy Turner believes that the altcoin Celestia (TIA) has the potential to appreciate by triple digits due to its innovative technology and market speculation, despite the challenge of its growing market cap.
2023 was a lackluster year for crypto with flat market activity, but the recent approval of Bitcoin ETFs and the upcoming Bitcoin halving in 2024 are bringing optimism for a potential bull run, although caution is advised as the market may experience a correction before a sustained bullish trend begins.
Bitcoin and XRP have the potential to double in value in 2024, with Bitcoin benefiting from SEC approval of spot Bitcoin ETFs and the upcoming halving event, and XRP potentially gaining from a more favorable regulatory environment and positive news regarding its legal case with the SEC.
Hut 8 Corp. announced that its Chief Commercial Officer, Matt Prusak, will leave the company on January 31, 2024, to become the CEO of a new bitcoin mining company formed in connection with Celsius Network LLC's bankruptcy proceedings.
Bitcoin, Ethereum, and Solana remain flat, with Bitcoin gaining 1% from yesterday, Ethereum remaining unchanged, and Solana gaining 6.9%; Solana implements new features to attract stablecoins and real-world assets.
ARK Invest is selling shares of ProShares Bitcoin Trust ETF (BITO) while buying its own spot bitcoin exchange-traded fund.
Coinbase, the leading US cryptocurrency exchange, has announced plans to list Aerodrome Finance (AERO) and Velodrome Finance (VELO), two altcoins that operate as trading and liquidity marketplaces on Ethereum layer-2 scaling solutions, with both tokens experiencing significant price surges.
Bitcoin options expiry day is here, with a large notional value expiry, adding to selling pressure from Grayscale and miners, potentially impacting spot markets.
BitMEX co-founder Arthur Hayes predicts a 30% correction for Bitcoin and plans to buy altcoins such as Solana and Dogwifhat if the price drops below $35,000.
Ethereum's upcoming upgrade, called Dencun, is expected to make the network faster and cheaper, addressing the scalability issue and allowing it to handle over 100,000 transactions per second by utilizing layer-2 solutions such as Optimism.
The UK Supreme Court has denied Craig Wright permission to appeal a ruling in his libel case against Peter McCormack, upholding a nominal damages award of 1 GBP.
IOTA is experiencing a resurgence in the crypto market following the confirmation of its forthcoming IOTA Ethereum Virtual Machine launch and the recommendation for holders to stake their tokens on the IOTA EVM, leading to a 10% gain and potential bullish trend.
Disgraced crypto entrepreneur Su Zhu, co-founder of Three Arrows Capital, describes his prison experience in Singapore as "enjoyable" and shifts his focus towards promoting a new crypto exchange with links to Hong Kong.
The developers behind the Celo blockchain are evaluating technical proposals from major layer-2 networks, including Optimism, Polygon, zkSync, and Arbitrum, as they migrate to become a new layer-2 network on Ethereum. The evaluation process includes considering the economic terms and incentive programs offered by the competing networks.
Drift Protocol has launched a points program to distribute its governance token through an airdrop, rewarding users based on their trading activity and other actions to decentralize the protocol. The program will last for three months, with points distributed on a weekly basis.
BitcoinOS is a new platform that aims to bring decentralized finance (DeFi) to Bitcoin by using "sovryn rollups" to create a foundational layer for decentralized apps (dapps) on the network, offering scalability, programmability, interoperability, and a near trustless security model.
The recently launched spot bitcoin exchange-traded funds (ETFs) are experiencing their first combined negative flows as money flowing into some funds fails to keep up with the exits from Grayscale's GBTC, with a net outflow of $158 million on Wednesday.
Tesla's Bitcoin holdings remained stable in the last quarter of 2023, with over 9,720 BTC valued at approximately $387 million, despite the company not mentioning Bitcoin in its earnings report; the report also highlighted Tesla's challenges and plans for the future, including the launch of a "next-generation vehicle" and the development of AI and robotics.
This edition of TechCrunch Crypto covers the latest headlines in the crypto world, including Worldcoin's new Orb, RoundTable's new crypto fund, and Ripple's evolution. The crypto market saw a decline in Bitcoin and Ether prices, while NFT sales volume decreased. Binance's court case against the SEC continued, and Anatoly Yakovenko of Solana Labs discussed the company's smartphone. In terms of funding, Polymer Labs, Masa, Scene Infrastructure Company, Arcade2Earn, and Ingonyama secured investments. Other articles of interest include VCs investing in fintech, the 40th anniversary of the Mac, Tesla's EV sales growth, and tips for raising a Series A.