A prominent banking trade association is helping author Senator Elizabeth Warren’s Digital Asset Anti-Money Laundering Act. In a new announcement, Republican Senator Roger Marshall of Kansas, who co-sponsors the bill with Warren, says the American Bankers Association (ABA) had a hand in shaping the potential crypto legislation, which aims to force the crypto industry to …
Monthly archives: December 2023
Bitrates’ Top Ten Crypto Stories of 2023: The Year In Review
The crypto sector experienced several high-profile events in 2023. These are the year’s key developments. 1. Silvergate and Signature Bank Failures The banking industry saw three cryptocurrency-adjacent bank failures this spring. Signature Bank and Silvergate Bank, both known for serving corporate customers in the crypto industry, collapsed in March 2023. Silicon Valley Bank (SVB), which …
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Ethereum (ETH) Hinting at Imminent Jump Higher, Says Crypto Trader – Here Are His Targets
Crypto analyst and trader Ali Martinez says that the leading smart contract platform Ethereum (ETH) is setting the stage for an explosive rally. Martinez tells his 36,600 followers on the social media platform X that ETH could increase by more than 60% from its current value after a period of accumulation when people start to …
Top Crypto Analyst Says Ethereum Competitor That’s Exploded Over 370% in Three Months Is Signaling More Upside
A widely followed crypto analyst is expressing bullish sentiment toward a popular layer-1 altcoin. The pseudonymous analyst known as Bluntz tells his 232,600 followers on the social media platform X that the current price action of Avalanche (AVAX) is mirroring that of Bitcoin (BTC) as it was appreciating in October and November. The strategist says …
Three Arrows Capital founders hit with $1.14 billion asset freeze
A British Virgin Islands court froze $1.14 billion in assets belonging to the founders of Three Arrows Capital (3AC), Su Zhu, Kyle Davies, and his wife, Kelly Chen, Bloomberg reported on Dec. 21, citing an emailed statement from the bankrupt hedge fund liquidator Teneo. The freezing order has global implications, impacting the founders’ assets worldwide. …
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Short-term holder accumulation sends Bitcoin’s realized price soaring
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 …
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Bitcoin, Solana price breakout triggers $180 million in liquidations
The crypto industry saw over $180 million in liquidations between Dec. 20 and Dec. 21, as Bitcoin’s rally pulled the rest of the market upward. Yesterday, Bitcoin’s price broke past the $44,000 barrier for the first time since early December before retracing to its current value of $43,735, according to CryptoSlate’s data. Data from Coinglass …
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MicroStrategy Founder Michael Saylor Says These Two Catalysts Could Trigger Major Bitcoin Bull Run in 2024
MicroStrategy co-founder and executive chairman Michael Saylor believes that two catalysts will catapult Bitcoin (BTC) to a relatively higher price next year. Saylor says in a new Bloomberg interview that the approval of a spot Bitcoin exchange-traded fund (ETF) will spur demand for the flagship crypto asset sparking a bull run in 2024. “I think …
Crypto Trader Prints 4,827x Gains in Two Weeks Trading New Avalanche-Based Memecoin: On-Chain Data
An unknown crypto trader is seeing astronomical gains after holding a new meme token for just a couple of weeks. On-chain data tracker Lookonchain says that the trader spent less than $500 to acquire a stack of Coq Inu (COQ), a memecoin running on the Avalanche (AVAX) network. According to Lookonchain, the entity in question …
Ledger Commits To Full Restitution For Victims Of $600,000 ConnectKit Attack
Hardware wallet manufacturer Ledger has responded to a recent security breach resulting in the theft of $600,000 worth of user assets. The company has pledged to enhance its security protocols by eliminating Blind Signing, a process where transactions are displayed in code rather than plain language, by June 2024. Ledger Takes Responsibility For ConnectKit Attack …
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Ethereum Exchange Balances Drop Drastically, What This Means For ETH Price
Ethereum is currently ranging around $2,200, with its price undergoing a calm volatility in the past 7 days. New data from Santiment has revealed the current sentiment among Ethereum whale addresses, as the total supply on exchanges recently hit a new low. According to the on-chain analytics platform, more than 240,000 ETH have left 10 …
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Is Chainlink and Polygon About to Rip Higher? Whales Accumulating
According to Lookonchain data on December 20, whales are actively accumulating Chainlink (LINK) and Polygon (MATIC) and moving them from Binance, one of the world’s largest cryptocurrency exchanges by trading volume. Citing on-chain transfers, Lookonchain notes that LINK is specifically seeing significant accumulation from a fresh wallet labeled “0x8eAD,” which has withdrawn 247,860 LINK worth approximately …
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BNB Price Faces Critical Juncture: Head-And-Shoulders Breakout Or Bearish Dip Below $200?
The Binance Coin (BNB) price is crucial as market analysts offer differing viewpoints on the cryptocurrency’s potential direction. While one analyst presents a bullish case, anticipating a breakout and surge beyond $300, another raises concerns about a dip below $200. BNB Price Analysis Crypto analyst Ali Martinez suggests that BNB price could be on the …
Finance Expert Says Explains Why XRP Is A Scam
A finance expert and Bitcoin maximalist has taken a major dig at XRP as he labeled the crypto token a “scam.” The expert outlined several reasons why he holds this opinion, although he seemed misguided in some. Why XRP Is A “Scam” In a post shared on his X (formerly Twitter) platform, finance expert Rajat …
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40% of American Investors Expect Crypto To Be Part of Their Future Portfolio, According to Grayscale Poll
A new poll by crypto asset manager Grayscale finds that 40% of American investors anticipate adding digital assets to their investment portfolios in the future. In a survey titled “2024 Election: The Role of Crypto,” Grayscale found that the collapse of crypto exchange FTX had hindered the growth of the digital assets industry, but the trend …