Ethereum’s co-founder Vitalik Buterin shared his insights on the evolving landscape of the crypto ecosystem on Dec. 29, mainly focusing on Ethereum’s role in shaping a more open and decentralized internet in a blog post entitled “Make Ethereum Cypherpunk Again.” Since its inception, Ethereum has journeyed beyond being a mere extension of Bitcoin with smart contracts. …
Monthly archives: December 2023
‘Ultimate FOMO Is Going To Break Loose’ if Bitcoin Breaks Above This Resistance Zone, Says Analyst Tone Vays
Veteran trader and analyst Tone Vays is expressing bullish sentiment on Bitcoin (BTC) if the flagship crypto asset rallies above a two-year high and maintains the momentum. Vays tells his 123,000 YouTube subscribers that if Bitcoin crosses above the price of $48,222, it will mark a two-year high. According to the seasoned trader and analyst, …
Bitcoin climbs the currency ranks, now 16th largest by market cap globally
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Terra wins one summary judgment in SEC case, but sold unregistered securities
Terraform Labs obtained a partial victory on Dec. 28 within a case initiated by the U.S. Securities and Exchange Commission (SEC). Judge Jed Rakoff issued one summary judgment in Terraform Labs’ favor and declared that the firm did not offer and effect transactions in security-based swaps. The judge said that mAssets offered on the Terra-based …
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Indian watchdog issues issues compliance notices to 9 crypto exchanges, seeks to block URLs
India’s Financial Intelligence Unit (FIU) has taken stringent measures against nine offshore Virtual Assets Service Providers (VASPs) for non-compliance with India’s Anti-Money Laundering and Counter Financing of Terrorism (AML-CFT) laws, according to a Dec. 28 annoucement. These entities, which include major players like Binance, KuCoin, and Huobi, have been served Show Cause Notices under the …
Ex-Binance CEO Changpeng Zhao seeks to seal travel documents citing child’s medical privacy
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Republican lawmakers call for the removal of SEC’s Gary Gensler over bias and damage to the digital asset industry
In a bold move, U.S. Congressman Warren Davidson, with support from House Majority Whip Tom Emmer, has advocated for the firing of SEC Chair Gary Gensler in 2024, attributing his stance to alleged corruption and abuses of power. This development comes amid escalating tensions between the SEC and the digital asset sector throughout 2023. Restructuring …
Crypto Trader Warns of ‘Aggressive Correction’ for Bitcoin (BTC) – Here’s When
A popular crypto trader thinks Bitcoin (BTC) is on the path to a new all-time high, but he also warns that the top crypto asset could subsequently endure an “aggressive correction.” The pseudonymous crypto analyst known as Credible Crypto tells his 361,800 followers on the social media platform X that since Bitcoin’s inception, the top …
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Bitcoin Price Faces Another Rejection, Why BTC Is At Risk Before The New Year
Bitcoin price failed again to clear the $44,000 resistance zone. BTC is declining and might be at risk of a downside break below the $41,500 level. Bitcoin is slowly moving lower from the $43,800 resistance zone. The price is trading below $43,000 and the 100 hourly Simple moving average. There is a key bearish trend …
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Binance 2023 Report Reveals: 40 Million New Users Added, Total Registered Users Reach 170 Million
In its recently released 2023 review report, Binance, the world’s leading cryptocurrency exchange, showcased significant growth despite facing legal disputes and regulatory scrutiny. The report highlighted the evolving crypto market, increasing institutional interest, and the company’s commitment to compliance and user experience. Binance’s 2023 Review Despite a volatile year for the market, Binance emphasized that …
CryptoQuant Sound Alarm: Spot Bitcoin ETF Approval May Trigger Drop To $32,000, Here’s Why
A recent report from CryptoQuant has sparked discussions, suggesting that a Bitcoin spot exchange-traded fund (ETF) approval by the US Securities and Exchange Commission (SEC) could lead to a significant market event. This possibility arises amid the Bitcoin (BTC) price stabilizing above $40,000, leaving many market participants sitting on substantial unrealized profits. The report by …
Cathie Wood’s ARK ETF Overhauls Bitcoin Portfolio: ProShares In, Grayscale Out – What’s The Strategy?
In a significant shake-up of its Bitcoin (BTC)-related holdings, Cathie Wood’s ARK Next Generation Internet exchange-traded fund (ETF) has made strategic changes as BTC ends the year with a significant 156% surge. According to a Bloomberg report, the ETF sold all its remaining 2.25 million shares of the Grayscale Bitcoin Trust (GBTC) while acquiring 4.32 …
Bitcoin Whales Bought The Recent Dip While Market Panicked
On-chain data suggests the Bitcoin whales may have participated in a significant amount of buying while the market was panicking about the recent lows. Bitcoin Exchange Netflow Has Been Quite Negative Recently An analyst in a CryptoQuant Quicktake post pointed out that the exchanges have recently seen outflows. The indicator of interest here is the …
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Ethereum Could Outperform Bitcoin in 2024, Research Firm Says
Ethereum could outperform Bitcoin in 2024 as it capitalizes on its technological advances and a unique position as a leading smart contract platform, says ETC […] Go to Source
Ethereum Price Blasts Past $2,300 While Meme Kombat Skyrockets Above $5m As Meme Coin Whales Buy Big
Meme coins remain one of the most popular segments in crypto, providing traders with the chance to snare gains that can often be measured in […] Go to Source