Fidelity’s director of global macro is updating his outlook on the equities markets, and says that Bitcoin’s (BTC) network currently “remains on track.” Jurrien Timmer says on the social media platform X that the growth of Bitcoin is primarily driven by its scarcity and central bank monetary policy. With those key drivers in mind, Timmer …
Monthly archives: January 2024
US Government Charges German National for Allegedly Running $150,000,000 Crypto Scam
US authorities are charging a German businessman for allegedly operating a crypto pyramid scheme that defrauded about $150 million from investors. In a new press release, the U.S. Attorney’s Office for the Eastern District of New York is accusing Horst Jicha of securities fraud and conspiracies to commit securities fraud, wire fraud and money laundering …
Tornado Cash Developer Asks for Support Ahead of Trial That Could Set ‘Major Precedent’ for Crypto
One of the founders of sanctioned crypto mixer Tornado Cash (TORN) is asking for financial help ahead of his criminal trial in the United States. Roman Storm was arrested last year and charged by the U.S. Department of Justice (DOJ) for allegedly laundering $1 billion in criminal proceeds. In a new video posted on the …
Game-Changing Adventures: A Dive into the Exciting World of Web3 Gaming
In this article, we will explore the key features of Web3 gaming and delve into the game-changing adventures it brings to players. The landscape of gaming is undergoing a revolutionary transformation with the emergence of Web3 technology. Web3 gaming represents a paradigm shift, offering players unprecedented ownership of in-game assets, decentralized economies, and a more …
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Trust Wallet Launches ETH Pooled Staking Service
January 23, 2024 – Dubai, United Arab Emirates Trust Wallet, a leading cryptocurrency gateway, announces the launch of ETH pooled staking. This feature aims to expand the Ethereum staking experience, offering greater access, potential for rewards and security for Trust Wallet users. ETH pooled staking, offered through Trust Wallet and powered by Kiln, addresses some …
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Crypto Company Terraform Labs Files for Chapter 11 Bankruptcy Protection
Collapsed crypto company Terraform Labs has filed for Chapter 11 bankruptcy in the United States. The firm submitted a voluntary petition to the U.S. Bankruptcy Court for the District of Delaware. The document, which was filed on Sunday, indicates Terraform Labs has between 100-199 creditors, owns between $100,000,001-$500 million in estimated assets, and owes between …
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Bitget Unveils New Messi Film To Kick Off Second Year of Messi Partnership
January 23, 2024 – Victoria, Seychelles Bitget, the world’s leading cryptocurrency exchange and Web 3.0 company, today launches a new brand film about the internationally recognized footballer Lionel Messi to kick off their second-year partnership, with a continuation of the theme, ‘#MakeItCount.’ This campaign aims to inspire everyone to push beyond limits and seize opportunities, …
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BitcoinGames.com Review: The New Frontier in Online Casino Entertainment
This site sets a high bar for Bitcoin casinos around the world, embracing the efficiency and benefits of crypto for a premium gaming experience. Taking the world of online casino entertainment by storm is the newly launched BitcoinGames.com, a platform designed to provide Bitcoin enthusiasts with an innovative gaming experience. As Bitcoin continues to penetrate …
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Coinbase’s Base leverages Chainlink technology to enhance developer capabilities
Ethereum layer 2 network Base has successfully integrated Chainlink Automation to enhance the scalability of smart contracts, according to a Jan. 23 statement provided to CryptoSlate. This integration would allow Base developers access to decentralized, verifiable, and gas-efficient smart contract automation features. Chainlink Automation is a secure and cost-efficient service tailored for Web3 developers, offering …
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Why most Grayscale investors may remain in profit if GBTC falls further 20% to $27
According to data from trading firm Webull, around 70% of Grayscale GBTC holders likely remain in profit. The average shares were purchased at $27.82, some 20% below the current price as of press time. The Webull data shows the state of the trust the day before its conversion to a spot Bitcoin ETF and indicates …
Bearish Bitcoin leads to tumble in crypto stocks, with Coinbase taking a hit
The shares of several U.S.-listed crypto companies experienced substantial declines in their values due to the significant market downturn today, Jan. 23. Earlier today, Bitcoin’s price retraced more of the gains it made in anticipation of the U.S.-based spot exchange-traded fund (ETF) launches in the U.S. The flagship digital asset dropped below $39,000, marking its …
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Grayscale Bitcoin Trust balance sees 12% reduction as FTX bankruptcy stirs $3.5 billion outflow
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ARK Invest continues Bitcoin futures ETF rotation with multimillion-dollar ARKB purchase
Cathie Wood’s ARK Invest has maintained its strategic investment approach by accumulating shares of its Ark 21Shares Spot Bitcoin ETF (ARKB) for inclusion in its Next Generation Internet ETF (ARKW), according to the company’s latest trade filing seen by CryptoSlate. In this recent transaction, ARK Invest acquired 523,541 ARKB shares at $21 million while divesting …
TrueUSD’s slip from $1 peg deepens amid broader sell-off as FDUSD thrives
TrueUSD (TUSD) deviation from its $1 peg has widened under the current red market situation. Data from CryptoSlate shows that the stablecoin dipped as low as $0.9778 in the past 24 hours, coinciding with substantial sell-offs seen in the major cryptocurrencies like Bitcoin and Ethereum. On Jan. 16, CryptoSlate highlighted increased volatility in TUSD’s value …
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History Suggests Massive Bitcoin Correction Underway, According to Analyst Benjamin Cowen
Analyst Benjamin Cowen believes Bitcoin (BTC) is about to enter a correction phase similar to prior market cycles as the crypto king dips teeters at $40,000. In a new strategy session, Cowen tells his 789,000 YouTube subscribers that Bitcoin has historically experienced a massive market correction as it approaches the halving. Every four years, Bitcoin …