Analysis of wallets associated with the high-profile crypto entrepreneur suggests that tokens like $SPONGE, which has just embarked upon an upgrade to transform it into […] Go to Source
Monthly archives: December 2023
After MicroStrategy Buys Another $615 Million Bitcoin, Analyst Says Its Stock Is 26% Overvalued
Bitcoin bull MicroStrategy has bought another $615 million of BTC, but 10x Research says its stock price is now 25% overvalued and at imminent risk […] Go to Source
Ethereum Leaps As ETH Co-Founder Vitalik Buterin Shares Proof-of-Stake (PoS) Simplification Proposal
The leading smart contract platform by volume is seeing a rise in price after its co-founder shared a proposal to simplify its proof-of-stake (PoS) mechanism. In a new thread, Ethereum (ETH) co-founder Vitalik Buterin releases his proposal on how to improve the top altcoin’s blockchain, saying that it would make the proof-of-stake system “considerably simpler …
Coinbase International sets perpetual futures leverage limit to 10x
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China initiates crackdown on use of stablecoins in illegal forex trading
Chinese authorities have intensified efforts to regulate the use of cryptocurrencies in illegal foreign exchange (forex) trading, South China Morning Post reported. The crackdown specifically targets the misuse of stablecoins like Tether (USDT) in unlawful transactions. The Supreme People’s Procuratorate and the State Administration of Foreign Exchange (SAFE) issued a joint statement on Dec. 28, …
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FTX faces backlash after proposed estimation of customers’ Bitcoin at $16k
Bankrupt FTX seeks court approval to estimate its customers’ digital asset claims in U.S. dollars, according to a Dec. 27 court filing. The exchange clarified that the action was essential to prevent any hindrance in the bankruptcy proceeding, adding that: “The liquidation of every individual Claim in respect of a Digital Asset is impractical and unnecessary …
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Fundstrat’s Tom Lee Says Bitcoin Likely To Have Very Strong 2024 Amid Two Bullish Tailwinds
Tom Lee thinks 2024 could be a big year for Bitcoin (BTC). Lee, the managing partner at equity research firm Fundstrat Global Advisors, says in a new interview on The Julia La Roche Show that two major tailwinds will prime BTC for success next year. “The first is monetary policy’s flipping. Central banks are really …
Crypto Analyst Weighs In on Bitcoin (BTC), Two Top Ethereum Layer-2 Solutions and One ETH Competitor
A widely followed crypto analyst says that there’s a chance that Bitcoin’s (BTC) recent rally may be tapped out. Crypto analyst Michaël van de Poppe tells his 679,000 followers on the social media platform X that the buzz surrounding BTC generated by rumors of an exchange-traded fund (ETF) approval has probably reached a limit. “Bitcoin is …
Hong Kong Financial Authorities Launch Public Consultation on Regulation of Stablecoins
Hong Kong is asking for the public’s opinion on a new legislative proposal to regulate stablecoins and the issuers of these fiat-backed crypto assets. On Wednesday, the city’s Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) jointly launched a public consultation paper to gather feedback on the government’s plan …
Decentralized Exchange Altcoin Soars Nearly 70% in a Week Amid Massive Support for Proposed Cuts in Token Supply
One decentralized exchange (DEX) platform is skyrocketing as its community shows overwhelming support for its proposed supply cut of tokens. In a new proposal, over 97% of the community members of decentralized crypto exchange PancakeSwap (CAKE) voted to lower the digital asset’s token supply to a maximum cap of 450 million. “Now that CAKE has …
Anticipated Bearish Impact of Potential Spot Bitcoin ETF Approval Likely To Be Short-Term, Says Cathie Wood
ARK Invest CEO Cathie Wood says the approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) in the US will likely have a negative impact on the price of the flagship cryptocurrency. In a new interview on CNBC, Wood says investors eager to take profits will “sell on the news” of securities regulators giving their …
Over $1.2 billion in Bitcoin profits cashed out by short-term holders
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Court grants final approval for $225M Celsius mining company, steers clear of securities ruling
The United States Bankruptcy Court for the Southern District of New York approved the implementation of the “MiningCo Transaction” for Celsius and its affiliated debtors as part of the Chapter 11 bankruptcy proceedings on Dec. 27. This order, enacted by Chief Judge Martin Glenn, marks a critical juncture in the restructuring efforts of Celsius as …
Bitcoin SV surges with 50% jump amid broader Bitcoin forks uptrend
Bitcoin SV led CryptoSlate’s top gainers list for Dec. 28 after rallying over 50% during the past day to reach a yearly high of $95 before retreating to $89 as of press time. This price performance continues a broadly positive week for the cryptocurrency, up 80% during the past week and 109% on the year-to-date …
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A fortnight of dominance as Bitcoin fees continue to surpass Ethereum
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