Cryptocurrency analytics platform Santiment is naming three digital assets that it says possess long-term bullish prospects. Santiment says that Ethereum (ETH), Shiba Inu (SHIB) and the artificial intelligence-focused crypto project Fetch.ai (FET) are witnessing a reduction of the supply held on exchanges by their top 10 holders. According to Santiment, the moving of the three …
Monthly archives: December 2023
Vertex Protocol
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Circle secures conditional registration in France under DASP rules
Stablecoin issuer Circle announced on Dec. 21 that it had received conditional registration under France’s cryptocurrency laws. Dante Disparte, Circle’s Chief Strategy Officer and Head of Global Policy, said: “The selection of France as our European regulatory base builds on the country’s clear rules for responsible innovation in fintech and digital assets, while leveraging France’s …
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$10,000 Exits Wells Fargo Account and Allegedly Vanishes, Triggering Lawsuit Against Two US Banks: Report
A North Carolina couple is suing banking giants Wells Fargo and Truist after thousands of dollars allegedly disappeared without a trace. Court documents show Kevin Kohl and Taylor Goodnough accuse the banks of violating the Electronic Funds Transfer Act and engaging in unfair and deceptive trade practices and breach of contract, reports Triangle Business Journal. …
Ethereum (ETH) Layer-2 Scaling Solution Witnesses 391% Growth in Addresses This Year: IntoTheBlock
One Ethereum (ETH) layer-2 scaling solution has witnessed staggering address growth since January, according to the crypto analytics firm IntoTheBlock. The firm notes that Optimism’s (OP) network currently clocks more than 5.9 million addresses with a balance, a massive 391% increase from the 1.2 million addresses the project had in January. Source: IntoTheBlock/X Optimism’s native …
Crypto Alarm: XRP’s Trade Volume Hits Six-Year Low, A Cause For Concern?
A significant dip in XRP daily trading volume has caught the attention of investors and analysts alike. On Thursday, XRP’s trading volume plummeted to levels not seen in the past six years, a development that has raised eyebrows among crypto enthusiasts. On this day, December 21st, #XRP : pic.twitter.com/ptHRTpkEeE — WrathofKahneman (@WKahneman) December 22, 2023 …
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Bitcoin Whales Do $2.2 Billion Selloff, But BTC Stays Strong
On-chain data shows Bitcoin whales have sold $2.2 billion worth of BTC in the past week, but price has continued to hold strong so far. Bitcoin Whales Have Distributed Around 50,000 BTC In Past Week As pointed out by an analyst in a post on X, the BTC whales have been participating in some selling …
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Countdown To Bitcoin ETF 2024 Decision: Traders Employ Hedging Tactics, Bloomberg Unveils
As the long-awaited deadline for a positive or negative decision on spot Bitcoin ETF applications approaches, Bloomberg reports that the BTC options market is seeing increased hedging activity as traders prepare for a crucial decision on January 10th. The report indicates a surge in open interest for put options expiring on Jan. 12, suggesting that …
Crypto Analyst Predicts Massive 99% BNB Price Crash To $2
BNB, the native token of the Binance Exchange, has grown to become one of the largest cryptocurrencies in the world. Its current price of $260 puts its market cap above $39 billion, making it the fourth-largest asset in the market. However, despite the notoriety that the cryptocurrency has gained during this time, one crypto analyst …
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Will Inscriptions On Polkadot Push DOT Prices Back Above $10?
There has been a notable spike in the number of Polkadot transactions in recent days. The surge also coincides with DOT prices racing to new 2023 highs when writing on December 22. Taking to X, asynchronous rob noted that Polkadot is currently processing around 250,000 transactions per hour or 400-450 per block. Polkadot is a modern blockchain …
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Dogecoin Co-Founder Calls Out ‘Useless in Every Single Way’ SEC Chair Gary Gensler
The co-founder of meme asset Dogecoin (DOGE) is calling out the Chair of the U.S. Securities and Exchange Commission (SEC), saying that he’s “useless in every single way.” Responding to a new video by SEC Chair Gary Gensler claiming that fraud and noncompliance are rife within the digital assets industry, DOGE co-founder Billy Markus says …
Elon Musk says X payments likely by mid-2024
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Bulgarian authorities drop money laundering investigation into Nexo executives
Sofia City Prosecutor’s Office has concluded a high-profile investigation into the activities of four individuals linked to the Nexo online platform. The investigation, initiated on September 29, 2022, focused on allegations of participation in an organized criminal group and unauthorized banking activities through Nexo. Four individuals were accused of operating an organized criminal group from …
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Troubled economies turn to Bitcoin, sparking rally in local trading pairs
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SEC admits to misstatement of facts in case against crypto firm Debt BOX
On Dec. 22, the U.S. Securities and Exchange Commission (SEC) admitted to making inaccurate statements in an ongoing case against Debt BOX, a cryptocurrency firm accused of significant fraud. The SEC alleges that Debt BOX defrauded investors of almost $50 million. Though its core claims remain, the SEC admitted today that its legal counsel unknowingly …
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