First Trust has filed for a Bitcoin Buffer ETF, which aims to protect investors from market drop losses by placing a buffer on a stock's growth, making it one of the first such ETF filings with the U.S. SEC.
With Bitcoin's extraordinary run already behind us, the key to becoming a crypto millionaire in 2024 lies in finding a niche crypto token that has the potential for a 1000-fold increase in value, such as those related to artificial intelligence (AI).
Ankex, a cryptocurrency exchange launched by Qredo and led by former Genesis Trading CEO Michael Moro, has shut down due to the bear market, despite its aim to combine decentralized finance with professional trading features. Moro has left the company, and Qredo has paused Ankex's development.
Dogecoin (DOGE) faces a potential correction in its price, but there is still a chance for a bullish breakout, especially if it can overcome key resistance levels and maintain its value above support levels.
Binance Coin (BNB) is potentially forming a bullish pattern and may experience a double-digit percentage increase if it maintains a sustained close above $261, according to crypto trader Ali Martinez. Additionally, Bitcoin's recent price drop presented an opportunity for whales to accumulate, and Ethereum's current support level could be an ideal reloading point for new highs.
After a period of crypto winter in 2022, there are signs of an extended crypto market rally in 2023, possibly leading to the arrival of "crypto spring" in 2024, with the upcoming Bitcoin halving event in April 2024 being a key factor that could cause a rally in the price of Bitcoin, making it a good investment option. Other investments to consider during this growing season include stocks highly leveraged to Bitcoin, such as MicroStrategy and Coinbase Global, as well as other cryptocurrencies like Solana. It is important to recognize the cyclical nature of the crypto market and adjust investment portfolios accordingly.
DeFi meme coin SafeMoon's SFM token has plunged by 50% and hit an all-time low after its parent company filed for bankruptcy, following charges of securities fraud and money laundering by the U.S. Department of Justice and civil charges by the SEC.
Crypto stealth addresses are a privacy-enhancing feature in blockchain technology that provide unique and one-time addresses for every transaction, enhancing transaction privacy and shielding users from monitoring and examination of their financial activity.
Fnality, a blockchain-based payments firm, has completed the world's first live transactions that digitally represent funds held at a central bank, aiming to establish regulated, blockchain-based payments systems for other core currencies overseen by their home central banks.
Ripple's white paper emphasizes that central bank digital currencies (CBDCs) can promote financial inclusion, enhance cross-border payments, and strengthen monetary policy control, while highlighting barriers such as regulatory frameworks and lack of end-user adoption.
Bitcoin (BTC) may benefit from weakening US dollar strength, potentially leading to new all-time highs for BTC/USD, as changes in US macro policy pressure the greenback.
Brazilian citizens holding crypto assets abroad will be subject to taxes of up to 15% on their profits, as the government aims to collect $4 billion in new taxes in 2024.
Bitcoin analyst Kevin Svenson predicts a potential bullish confirmation for Bitcoin as it rebounds from the $40,000 level and forms an ascending broadening wedges pattern on the four-hour chart, indicating a positive trend for the cryptocurrency in the near future.
Crypto company SafeMoon has filed for Chapter 7 bankruptcy after its executives were charged with criminal offenses, and the company has between $10 million and $50 million in assets and owes between $100,000 and $500,000.
The recent surge in price for Solana memecoin Bonk has led to increased sales of the Solana phone, with buyers taking advantage of the opportunity to claim a free 30 million BONK airdrop, worth $877, making it a lucrative arbitrage opportunity.
The Prime Minister of Montenegro has met with Bitcoin industry pioneers to explore the possibility of issuing Bitcoin hydro bonds to fund BTC mining using the country's abundant hydroelectric power.
SEC Chair Gary Gensler has hinted that the agency may be reevaluating its approach to Bitcoin exchange-traded products following a recent court decision, suggesting a potential shift in stance on Bitcoin ETFs.
Decentralized finance protocol SafeMoon experiences a 31% token value decrease and files for Chapter 7 bankruptcy, following legal challenges and allegations of defrauding customers.
Japanese electronics company Casio has launched a collection of digital art collectibles featuring its iconic G-Shock brand of watches as Ethereum NFTs, offering exclusive incentives and behind-the-scenes experiences for owners.
The cryptocurrency market experienced a modest increase fueled by the Federal Reserve's indication of possible interest rate reductions and positive sentiment surrounding the Bitcoin ETF.
The Safemoon token has experienced a 31% drop in value after filing for bankruptcy, but it has slightly recovered since then.
The Solana phone, which was previously struggling, is experiencing a surge in sales thanks to the popularity of the memecoin BONK and its accompanying airdrop promotion.
A hacker exploited a phishing exploit to compromise a former Ledger employee's account and uploaded malicious code to the Ledger Connect Kit, affecting multiple Web3 apps and resulting in the theft of at least $484,000 from users.
The Solana-based meme asset Bonk has surpassed Shiba Inu in daily trading volume, with a 71.8% increase, making it the 68th-ranked digital asset.
Solana meme coin BONK has experienced a significant surge in value, jumping 821% over the last 30 days, benefiting Solana developers who received a holiday airdrop of the token, with some now holding over $500,000 worth of Solana tokens.
Total transactions on Shibarium have surpassed 100 million, coinciding with the listing of Shiba Inu (SHIB) on Japanese exchange Coincheck.
The first-ever sale of "inscriptions" created using Bitcoin blockchain's Ordinals protocol, known as "BitcoinShrooms," fetched about $450,000 at Sotheby's auction, indicating a growing mainstream interest in tradable digital images called NFTs on Bitcoin.
Babylon, a startup led by a Stanford professor and a former Dolby engineer, has raised $18 million in funding to enable users to stake Bitcoin on proof-of-stake networks like Ethereum and Polygon, using a workaround that relies on Bitcoin's "time lock" mechanism and the replication of smart contract processes on the Bitcoin network.
Despite recent rallies, a crypto analyst believes that the crypto markets, including Bitcoin, are still undervalued, suggesting that it is a good time to buy altcoins and Bitcoin dips. The analyst also predicts a positive future for Ethereum, with a potential resistance level at $3,400-3,800 in Q1 2024.
Asia's crypto-friendly reputation can be misleading as countries like Singapore, Hong Kong, and Japan have some of the toughest regulations in the world, making it challenging for crypto entrepreneurs; however, their clear regulatory frameworks provide an advantage over the lack of clarity in the United States.
Chainlink is making its data feeds available to developers on Polygon's layer 2 zero-knowledge rollup, enabling the incorporation of real-world data into on-chain applications.
Solana-based meme coin BONK has surged in value, reaching a market cap of over $1 billion and becoming the 69th most valuable cryptocurrency, driven by its listing on Coinbase and its gains of 64% over the past 24 hours.
Several world leaders, including Nayib Bukele of El Salvador, Javier Milei of Argentina, Donald Trump of the United States, Rishi Sunak of the United Kingdom, Faustin-Archange Touadéra of the Central African Republic, and Alexander Lukashenko of Belarus, have shown varying levels of support for digital assets and cryptocurrencies during their time in office or while campaigning.
Hut 8, a digital asset mining company, has bought four Canadian natural gas power plants to mine Bitcoin, highlighting the ongoing trend of miners acquiring decommissioned powerplants for crypto mining despite environmental concerns.
Farcana, a third-person multiplayer shooter game, has raised $10 million in seed funding from various investors to further develop the game and bring blockchain elements such as play-to-earn features and NFTs to users.
The US Federal Reserve's "dots" released as part of their policy decision show a significant increase in the expected rate cuts for 2024, leading to a surge in traditional markets and a belief in imminent rate cuts.
Bitcoin (BTC) has recovered from a recent dip and is now trading at $42,548 per coin, experiencing a 2% rise in the last 24 hours, as enthusiasm around the approval of a Bitcoin exchange-traded fund (ETF) continues to attract institutional investors.
The head of ecosystem development at the Arbitrum Foundation, Nina Rong, has proposed that the Celo network choose Arbitrum's Orbit tech stack to build its layer-2 blockchain, joining other contenders including Optimism's OP Stack, Polygon, and Matter Labs.
Multiple Ethereum-based applications including Zapper, SushiSwap, Phantom, Balancer, and Revoke.cash were compromised due to a Ledger security breach, leading to potential loss of funds in the decentralized finance ecosystem.
JP Morgan predicts that Ethereum will outperform Bitcoin in 2024 due to excessive optimism and the upcoming halving event already priced into Bitcoin's current value.
Ledger warns users to avoid using web3 dApps after a supply chain attack on its "Ledger dApp Connect Kit" library resulted in $600,000 worth of cryptocurrencies and NFTs being stolen through a JavaScript wallet drainer. Users are advised to replace potentially impacted versions of the kit with a clean copy and stay vigilant against phishing attacks.
Hackers stole $484,000 by inserting malicious code into the Github library for Ledger's Connect Kit, impacting several decentralized finance protocols and prompting warnings to avoid using dApps until updates are made.
JPMorgan analysts predict that Ether, not Bitcoin, will be the big winner of 2024 due to an upcoming upgrade to the Ethereum blockchain, while also stating that Bitcoin is overbought and spot ETFs may not bring in fresh capital.
Bitcoin and altcoins are a reliable bet in the current economic climate, according to former BitMEX CEO Arthur Hayes, who believes investors have no excuse not to be long on cryptocurrencies.
Dumb money is flooding back into the crypto markets as a trader turns $1,000 into over $100,000 by investing in a memecoin featuring a dog wearing a beanie, highlighting the unpredictable and speculative nature of meme cryptocurrencies.
Former Goldman Sachs executive Raoul Pal reveals that he bought XRP following the SEC's lawsuit against Ripple, seeing it as an opportunity due to the discounted price and the real use cases of the asset.
The Federal Reserve's shift in tone towards potential rate cuts caused markets to react strongly, with yields declining, the dollar weakening, and equity and commodity markets rising, potentially impacting the value of cryptocurrencies like Bitcoin which could see a rally if a spot Bitcoin ETF is approved.
Multiple decentralized applications, including SushiSwap and Revoke.cash, were compromised due to a vulnerability in Ledger's connector library, but Ledger claims to have resolved the issue.
Jimmy McNelis, also known as j1mmy.eth, is an NFT collector, creator, and advocate who has built one of the greatest NFT collections of all time, including pieces such as Autoglyphs, Chromie Squiggles, Bored Apes, and CryptoPunks. He is also the founder of Avastars, an early PFP project that introduced intellectual property rights to NFT holders. Jimmy is an outspoken voice in the NFT community, advocating for creator royalties and defending IP rights, while also being a new husband and father. He sees NFTs as just getting started and believes in their long-term potential.
Bitcoin rewards app Lolli has raised $8 million in a Series B funding round, with the funding to be used to expand its rewards program to enterprise partners; since its launch in 2018, the app has grown and now partners with over 25,000 stores, offering users up to 30% cashback or bitcoin rewards on purchases.