Head of Digital Assets at Goldman Sachs, Matthew McDermott, has projected a massive growth in the cryptocurrency market in 2024. McDermott shared these positive predictions in a recent interview with Fox Business, expressing much optimism in the future of digital assets. Goldman Exec Expects Spot ETFs To ‘Gradually’ Boost Institutional Demand For Crypto Assets Speaking …
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The pioneer cryptocurrency, Bitcoin, has struggled to hold above the $43,000 price mark over the past few weeks. The last seven days have not been much different for the cryptocurrency, which currently trades below $42,000. However, a popular crypto analyst on the X platform has come forward with an interesting trajectory for the price of …
Bitwise has also updated its S-1 form submitted by the Dec. 29 deadline set by the SEC and revealed a planned $200 million seed investment for its spot Bitcoin (BTC) exchange-traded fund (ETF). The amount is 20x larger than the $10 million seed investment recently announced by BlackRock for its spot Bitcoin ETF. The SEC …
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Web3 projects lost more than $2 billion in 2023 to hacks, rug pulls and phishing scams, according to the blockchain security firm Beosin. In a new annual report, the crypto security firm notes 191 major attacks this year resulted in roughly $1.397 billion in losses, 267 rug pulls caused $388 million in losses, and phishing …
A banking giant with $1.80 trillion in assets under management is paying a multi-million dollar civil penalty for making false statements to clients and overcharging customers. In a press release, the Monetary Authority of Singapore (MAS) says it’s hitting Credit Suisse with a $3.9 million SGD ($2.90 million) fine for failing to stop illegal practices …
A small-cap crypto project built on Kusama (KSM) has exploded by more than 188% this week amid widespread momentum among Polkadot (DOT) ecosystem projects. Moonriver (MOVR) is an Ethereum (ETH)-compatible parachain built on Kusama. The project serves as a canary network to test code for Moonbeam (GLMR), a smart contract platform for cross-chain connected applications. …
A US judge has ruled that collapsed crypto company Terraform Labs and its founder Do Kwon offered and sold two digital assets as unregistered securities. The U.S. Securities and Exchange Commission (SEC) and Terraform Labs both requested summary judgment in an ongoing fraud case. The SEC alleges the company and Kwon facilitated a multi-billion dollar …
Analysts at America’s biggest bank are sending a fresh warning to investors as the new year arrives. In a new note to clients, JPMorgan chief market strategist Marko Kolanovic predicts declining growth and a likely recession will stifle US equities, reports Yahoo! Finance. Kolanovic believes US markets are stuck in a catch-22 situation, and says …
A U.S. District Court has once again denied Binance founder Changpeng ‘CZ’ Zhao’s request to travel internationally in a sealed order, Bloomberg News reported. CZ, who is currently facing sentencing in the U.S. for criminal charges, had filed a motion seeking permission to visit the UAE, where his family resides. The motion was rejected by Judge …
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What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on …
Continue reading “Bitcoin 2023 year in review: Analysis of BTC’s key metrics”
In a filing on Dec. 29, U.S. prosecutors said that they will not be pursuing a second trial for additional charges against former FTX founder Sam Bankman-Fried (SBF). On Nov. 3, SBF was convicted of seven charges of fraud. SBF was expected to be prosecuted on six additional charges in a separate trial. The charges …
VanEck amended its spot Bitcoin ETF application with the U.S. Securities and Exchange Commission (SEC) on Dec. 29. The company’s updated S-1 form notably removes immediate allowance for in-kind transactions involving Bitcoin. The Dec. 29 update says that authorized financial firms will deliver and receive only cash during share creation and redemption. It adds that …
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ARK Invest CEO Cathie Wood says that the odds of a January 2024 approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) in the US are going up. In a new interview on Bloomberg Television, Wood says that engagement between ARK Invest and the U.S. Securities and Exchange Commission (SEC) over its ETF application is …
A closely followed crypto analyst is predicting how long the current Bitcoin (BTC) uptrend will last. Trader Ali Martinez tells his 38,500 followers on the social media platform X that, based on historical four-year patterns related to halving events when miners’ rewards are cut in half, Bitcoin likely has two years remaining in its current …
A widely followed analyst and trader says a top-five altcoin by market cap could rally higher if it overcomes a key resistance zone and turns it into a support area. The pseudonymous analyst known as Rekt Capital tells his 379,700 followers on the X social media platform that if Binance Coin (BNB) turns the resistance …
