The value of Bitcoin (BTC) is being touted to drop as low as $5,000 in 2023 according to Standard’s Chartered global research head and chief strategist. As initially reported by Bloomberg, a note to investors published on Dec. 4 from the multinational bank’s chief strategist Eric Robertsen weighed-up a potential drop in Bitcoin’s value correlated …
Continue reading “Standard Chartered forecasts ‘surprise’ Bitcoin downside after FTX collapse”
Regulators worldwide see central bank digital currencies (CBDCs) as a way to enhance fiat capabilities by inheriting the financial prowess of technologies that power cryptocurrencies. Pakistan joined this list by announcing new regulations to ensure the launch of an in-house CBDC by 2025. The State Bank of Pakistan (SBP) signed in new laws for Electronic …
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Bitcoin (BTC) starts its first full week of December at three-week highs as bulls and bears battle on. After a weekly close just above $17,000, BTC/USD seems determined to make the most of relief on stocks and a weakening U.S. dollar. As the United States gears up to release November inflation data, the dollar looks …
Continue reading “‘Imminent’ crash for stocks? 5 things to know in Bitcoin this week”
The most talked about crypto lawsuit involving the United States Securities and Exchange Commission (SEC) and Ripple is approaching its conclusion after a two-year-long battle. On Dec. 2 the SEC and Ripple both filed redacted replies to each other’s opposition to motions for summary judgment. Ripple argued in its motion document that the SEC has …
Continue reading “Ripple files final submission against SEC as landmark case nears end”
Amid the ongoing bear market in the cryptocurrency space, the co-founder of Ethereum, Vitalik Buterin, has advised the cryptocurrency community to pay more attention to […] Go to Source
Technical Indicators used in the LBLOCK/USDT market have started portraying signs of price upward reversal. This is happening when downward forces seem to have fought […] Go to Source
Bulls may take over Flow market FLOWUSD Price Analysis – 05 December An increase in the bulls’ pressure can push up the price to the […] Go to Source
The coins indicated below have plummeted to the bottom of the chart. For example, HNT and VET have fallen to historical lows of $2.29 and […] Go to Source
A Chinese court in the city of Hangzhou has said nonfungible token (NFT) collections are online virtual property that should be protected under Chinese law. A Nov. 29 article posted by the Hangzhou Internet Court — a specialist internet court — shared by crypto blogger Wu Blockchain on Dec. 5 reveals the favorable language for …
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Australian-based crypto exchange Swyftx has laid off a total of 90 staff members, which it said was in preparation for a “worst-case scenario” caused by the fallout of FTX and a potential fall in global trading volumes next year. The news was shared by Swyftx co-CEO Alex Harper in a Dec. 5 statement, noting that …
Continue reading “Swyftx cuts 40% of staff as it braces against ‘worst-case scenario’”
Mike Novogratz-led investment firm Galaxy Digital Holdings has won the bidding to buy GK8, an institutional digital asset self-custody platform owned by Celsius Network — pending court approvals and certain closing conditions. According to a Dec. 2 blog post from GK8 and a press release from Galaxy, if the acquisition goes ahead, Galaxy will acquire the …
Continue reading “Novogratz’s Galaxy Digital to acquire Celsius’ GK8 in bankruptcy garage sale”
The above-stated cryptos have fought against downward forces, and signs coming from their markets at this point are indicating that they may have started moving […] Go to Source
Solana price movements appear to lack significant buying activity. This could be perceived as SOL/USD price action looks more bearish than bullish. Consequently, price action […] Go to Source
Anthropic, a San Francisco-based artificial intelligence research organization, raised $580 million in April for “AI safety” research. The one-year-old lab, which develops artificial intelligence (AI) […] Go to Source
“Vox Populi, Vox Dei, man.” So says self-proclaimed Chief Twit Elon Musk from a private jet flying high above the world during a Twitter Spaces appearance on Sunday, Dec. 4 (JST). It does sound nice to say, but the voice of the mob should never be the voice of “God.” The reasons are myriad. Suffice …
