A cryptocurrency analyst predicts that the Solana-based memecoin, dogwifhat (WIF), could potentially see a 359% increase in value, while also expressing bullish sentiment towards Ethereum (ETH) and its potential to reach above $2,900 against the US dollar.
The US Securities and Exchange Commission (SEC) confirmed that its Twitter account was hacked, resulting in a fake announcement regarding the approval of a spot bitcoin exchange-traded fund; however, there is no evidence of unauthorized access to SEC systems or data.
GameStop is shutting down its NFT marketplace due to regulatory uncertainty in the crypto space, but the NFTs can still be accessed and traded on other platforms.
The U.S. Securities and Exchange Commission (SEC) confirmed that its systems were not breached after a fake bitcoin ETF approval announcement was tweeted from its official account; the SEC is investigating the incident in collaboration with the FBI and the Department of Homeland Security's Cybersecurity and Infrastructure Security Agency (CISA).
Bitcoin and other top cryptocurrencies, including ethereum, XRP, and solana, have experienced a significant drop in price following a $10 trillion bet on bitcoin, leading to a combined loss of around $100 billion in the crypto market.
BlackRock CEO Larry Fink defends Bitcoin as a store of value and a tool against government manipulation, praising its potential for citizens in countries with authoritarian governments.
Bitcoin's recent approval of spot Bitcoin ETFs by the SEC has sparked bullish predictions from industry leaders, with price projections ranging from $100,000 to a staggering $1.5 million, fueled by factors such as the impending Bitcoin halving and growing institutional investments following the approval. However, caution is advised due to Bitcoin's volatile past performance and regulatory uncertainties.
On-chain signals suggest that the current increase in Bitcoin price may be followed by a correction, based on factors such as the Net Unrealized Profit/Loss (NUPL) indicator, net realized profit/loss, and the percentage of unspent transaction outputs (UTXOs) in profit.
AI Mario, brought to life by digital avatar developer Proto at the Consumer Electronics Show, sparked controversy for its deep, monotone voice and lack of permission from Nintendo.
Bitcoin has remained flat while Ethereum, Ethereum Classic, and Lido Staked Ether have experienced significant surges following the approval of spot Bitcoin ETFs, indicating that these cryptocurrencies may be the better investment choice.
Marathon Digital, Riot Platforms, and Microstrategy have seen a significant drop in their stock prices due to a 7% decrease in Bitcoin, which influences the value of these crypto-adjacent companies. The approval of spot Bitcoin ETFs has also resulted in investors shifting their focus away from Bitcoin miners and into Bitcoin ETFs. The sell-off in crypto stocks may continue, making it a risky investment for now.
Dogecoin (DOGE) experienced a bounce and retested resistance after breaking out from a descending trend line, but it still trades within a long-term corrective pattern as it attempts to break out, with the Relative Strength Index (RSI) supporting the recent bounce; the daily chart suggests a bearish trend, but a breakout could lead to a 40% increase or a rejection could cause a 28% drop.
Franklin Templeton's Bitcoin ETF has lowered its fee to 19 basis points, making it the lowest fee among all spot Bitcoin ETFs.
In 2023, 410 blockchain games were discontinued or became inactive, accounting for over 30% of the total games listed, with reasons ranging from lack of updates to market conditions and funding issues, and Binance's BNB Chain and Polygon seeing the highest number of game shutdowns.
The US stock market lacked clear direction on Friday as traders evaluated mixed earnings reports and producer inflation data, with some indices remaining stable while others experienced declines; Bitcoin saw a significant drop in value following the approval of a spot Bitcoin ETF, while physical gold increased; various stocks, including UnitedHealth Group, Tesla, Bank of America, and Delta Air Lines, experienced fluctuations in their stock prices.
BlackRock has identified three macro developments that could significantly influence the crypto market in 2024, including the resilience of the US economy, the liquidity landscape post-Fed actions, and China's economic performance and global impact.
SEC Chair Gary Gensler casts doubt on the approval of a spot Ethereum ETF, stating that while Bitcoin is viewed as a commodity, the status of other cryptocurrencies, including Ethereum, is still uncertain.
The developers of Nyan Heroes, an NFT-powered online game featuring cats in mech suits, have announced that the game will be released on the Epic Games Store, joining the popular battle royale shooter genre. The game is built on the Solana blockchain and has seen an increase in the price of its NFTs since the announcement. The developers are also teasing an upcoming airdrop for community members.
Traditional Wall Street is hesitant about the first spot Bitcoin exchange-traded funds, which could hinder their growth initially, while Crypto natives remain optimistic.
Bitconned is a documentary on Netflix about the Centra Tech scam during the initial coin offering boom, narrated by a scammer, Ray Trapani, giving viewers insight into the world of cryptocurrency scams and the importance of doing due diligence before investing.
Bitcoin's price fell by 6% to around $43,000, leading to a decline in bitcoin mining stocks and Coinbase's stock price after the launch of spot bitcoin ETFs.
Bitcoin's price dropped by 6% and over $90 million worth of Bitcoin positions were liquidated after the first spot Bitcoin ETFs began trading in the US, while Ethereum's price rose nearly 19% as investors anticipate the launch of spot Ethereum ETFs.
SEC Chairman Gary Gensler expresses caution and skepticism about Bitcoin despite the Securities and Exchange Commission's approval of spot Bitcoin ETFs.
The US Securities and Exchange Commission (SEC) has requested Ripple Labs' financial statements for 2022 and 2023 in order to decide on potential civil penalties for the company, after alleging that Ripple sold XRP to institutional investors despite a court ruling that deemed it unregistered securities offerings.
Genesis Global Trading, a subsidiary of Digital Currency Group, has agreed to forfeit its BitLicense, cease operations, and pay an $8 million fine after the New York Department of Financial Services (DFS) found significant shortcomings in its anti-money laundering and cybersecurity protocols.
Bitwise's bitcoin ETF (BITB) and Fidelity's fund (FBTC) received the highest cash inflows among the newly issued products, with BITB attracting $238 million and FBTC receiving $227 million on their first day of trading.
Taproot Wizards, a company that raised $7.5 million through Bitcoin Ordinals inscriptions, is launching its first collection called Quantum Cats, which consists of 3,333 cats designed to honor the Bitcoin improvement proposal OP_CAT, amid debates on whether to preserve the blockchain for payments or allow NFTs to congest it.
CoinShares has exercised its option to acquire Valkyrie Funds, the portion of Valkyrie Investments that recently launched a spot Bitcoin ETF in the US.
Spot bitcoin ETFs experienced a collective drop in value as the price of bitcoin retreated after reaching $49,000, its highest price since December 2021, following the approval of multiple ETF applications by the Securities and Exchange Commission.
Ordinals developer Taproot Wizards is launching a collection of NFTs called Quantum Cats on the Bitcoin blockchain, inspired by the disabled code OP_CAT developed by Satoshi Nakamoto. The collection, created using evolving inscriptions, consists of 3,333 cat images and aims to make Bitcoin quantum-resistant.
Taki Games, formerly a crypto-powered social app built on Solana, has shifted its focus to play-to-earn experiences on Polygon, following a merger with Unite and the acquisition of mobile games, aiming to reward players with its native token TAKI through gameplay.
Genesis Global Trading, a subsidiary of Digital Currency Group, has agreed to surrender its BitLicense, shut down its operations in New York, and pay an $8 million fine after an investigation found significant failures in its anti-money-laundering and cybersecurity programs.
Ethereum's recent underperformance compared to other cryptocurrencies in 2023 presents a buying opportunity, as it remains the dominant leader in decentralized innovation, boasting a higher total value locked (TVL) and a larger community of active developers than its competitors.
BlackRock CEO Larry Fink expressed support for an Ethereum ETF, stating that tokenization is the future and can address issues like money laundering and corruption.
BlackRock CEO Larry Fink supports the idea of an Ethereum (ETH) exchange-traded fund (ETF) and believes in the future of tokenization.
Billionaire Mike Novogratz, CEO of Galaxy Digital Holdings, is extremely bullish on Bitcoin due to his belief in the potential impact of a spot Bitcoin ETF investment product and the current state of the US economy, suggesting that Bitcoin could reach its all-time high of nearly $68,000 in the near future.
Shiba Inu, a highly speculative cryptocurrency, is advised to be avoided due to its lack of competitive edge and potential risks, while Bitcoin is recommended as a safer and more promising investment with its decentralized nature and potential for long-term growth.
Investing in Coinbase Global, Bitfarms, and Marathon Digital may be a better option for crypto investors than betting on Shiba Inu, as these stocks generated much higher returns in 2023. Coinbase Global, with its profitable operations and potential for growth, appears to be a safer investment, while Bitfarms and Marathon Digital have higher growth potential but come with higher risk due to their dependence on Bitcoin's performance.
Franklin Templeton has reduced the fee for its bitcoin exchange-traded fund (ETF) to 0.19%, making it the cheapest among the new investment products on U.S. exchanges, and will waive off fees until the fund reaches $10 billion in assets under management.
BlackRock CEO Larry Fink is keen on an Ethereum ETF, signaling a potential shift towards blockchain technologies and solidifying Ethereum's position in the cryptocurrency market.
Ark Invest's Cathie Wood predicts that the price of bitcoin could surge 33-fold to $1.5 million by 2030, but investor Kevin O'Leary believes this would only happen if there is a collapse in the US economy. O'Leary predicts that bitcoin will at least triple in price to between $150,000 and $250,000 by 2030 and expects it to outperform the S&P 500 in the next five years.
Miner outflow of bitcoin has reached a multi-year high as over $1 billion worth of BTC has been sent to exchanges, primarily due to increased costs faced by miners, including the need for upgrades and relocation to Kazakhstan; however, analysts believe this outflow may not necessarily indicate a bearish signal for bitcoin's price, especially in light of the recent listing of the first U.S. bitcoin ETFs.
Former Terra CEO, Do Kwon, has requested a delay in his Securities and Exchange Commission trial in the U.S. due to uncertainty regarding his extradition from Montenegro, with his counsel suggesting a trial postponement or offering to instruct the jury about his absence during the trial.
CoinShares has exercised its option to acquire the ETF unit of Valkyrie Investments, adding a U.S. arm to its operations following the debut of spot bitcoin ETFs in the country.
U.S. Senator Elizabeth Warren criticizes the SEC's approval of spot Bitcoin ETFs, stating that the regulator is wrong on the law and policy, and emphasizes the need for anti-money laundering rules for cryptocurrencies.
Bitcoin and other cryptocurrencies faced volatility in trading following the approval of the first spot Bitcoin exchange-traded funds by the Securities and Exchange Commission.
Shiba Inu (SHIB) experienced a significant uptick in its token burn rate, with 18 million SHIB tokens removed from circulation in just 24 hours, while notable Ethereum whales have increased their holdings in the cryptocurrency.
Bitcoin's implied volatility has dropped since the SEC's approval of spot exchange-traded funds (ETFs), serving as a lesson for traders to monitor options pricing as attention turns to potential ether ETF launches.
More than $2 billion in BTC and ETH options contracts are set to expire today, with around 36,000 Bitcoin contracts and 262,000 Ethereum contracts expiring; however, the impact on the crypto markets is expected to be limited. The max pain points for these contracts are $45,000 for Bitcoin and $2,400 for Ethereum, with a significant concentration of call options at $50,000 for Bitcoin indicating an anticipation of price rise by the end of January. Short-term market volatility is expected to continue due to various factors at play.
South Korea's financial regulator, the Financial Services Commission (FSC), has stated that U.S.-listed bitcoin ETFs may potentially violate Korean law, raising concerns about domestic brokerage of these ETFs and emphasizing the need for further review and regulation in the cryptocurrency market.