Bloomberg analyst Eric Balchunas posited whether crypto exchanges would be forced to revisit their pricing structures should a spot Bitcoin ETF be approved, given the seemingly low fees charged by some of the most prominent players. However, regarding the issuers offering lower fees, Caitlin Long of digital asset custody platform Custodia Bank raised concerns that …
Monthly archives: January 2024
Bitcoin ETF launch eyes up top performance on debut if approved
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Ripple’s XRP Ledger surging network activity stirs DDOS attack concerns
Ripple-backed network XRP Ledger (XRPL) is experiencing a surge in network activity described as a distributed denial-of-service (DDOS) attack by Magnetic X, a decentralized exchange based on the network. According to the DEX, the network has been hit with a massive spike in daily transactions from hundreds of accounts, disrupting its functionality and impeding its …
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Japanese e-commerce giant Mercari to allow Bitcoin payments for products
Mercari, a leading e-commerce platform in Japan, is gearing up to introduce Bitcoin payment options for its flea market products by June this year, as reported by Nikkei, a prominent Asia-based news outlet. Mercoin, the company’s dedicated crypto exchange and blockchain service platform, will facilitate these payments. The platform was launched in March 2023 as …
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Iranian crypto exchange Bit24 disputes claims of KYC data leak incident
Bit24.cash, an Iranian cryptocurrency exchange, denied claims that it exposed the personal information of its platform users due to a misconfigured storage system. Alleged KYC data exposure Earlier today, Cybernews researchers reported that a security flaw on the platform led to the unintended exposure of its users’ Know Your Customer (KYC) data, including IDs, passports, …
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Cathie Wood Predicts Recession Will Hit US Economy This Year, Says Fed ‘Overdid’ Interest Rate Hikes
ARK Invest’s Cathie Wood says a recession will hit the US in 2024 due to what she believes was overly aggressive interest rate hiking from the Federal Reserve. In a new YouTube update, Wood says that the US is already in a “rolling recession,” or a downturn that affects certain sections of the economy at …
Economist Henrik Zeberg Predicts Bitcoin Will Go ‘Absolutely Ballistic’ in 2024 – Here’s His Price Target
Macro strategist Henrik Zeberg says he expects Bitcoin (BTC) and crypto markets to go parabolic in the very near future. In a new interview on the Bloor Street Capital YouTube channel, Zeberg forecasts a move in crypto “like nothing else,” partially driven by people who were sidelined in previous bull runs and don’t want to …
Altcoin Markets Gearing Up for Massive Rallies Amid Healthy Uptrend, According to Top Analyst – Here’s His Timeline
A top analyst who nailed the end of the 2021 Bitcoin (BTC) bull run believes that the stage is being set for altcoins to witness massive rallies. Pseudonymous analyst Pentoshi tells his 737,800 followers on the social media platform X that he’s keeping a close watch on the TOTAL3 chart which is used as a …
Blackrock to charge 0.2% for first $5B, Ark to waive fee for for first $1B in assets into ETF
Major institutions in the race for the first spot, Bitcoin ETF, have updated their S1 filings with the SEC within minutes of each other today, Jan. 8. Blackrock, Ark, WisdomTree, and Invesco Galaxy all submitted updated documents around 11 am GMT as the final stages of the potential approval of the first spot Bitcoin ETF …
Shift in bitcoin investment: navigating from futures to spot ETFs
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Binance’s BUSD loses top five stablecoin spot as supply dips under 1B
Binance USD (BUSD) slipped out of the top five stablecoins by market capitalization over the weekend after its circulating supply dipped under 1 billion, its lowest point since Dec. 2020. Data from CryptoSlate shows that BUSD’s circulating supply sits at 927 million tokens, marking a staggering 96% decrease from its peak supply of 23.45 billion. …
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Bitcoin kicks off 2024 with a mining difficulty increase to record 73.20T
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Altcoins drop, Bitcoin flat as spot ETF denial chance falls to 5%: Bloomberg Analysts
Bloomberg analyst Eric Balchunas has reduced the chance of the SEC denying a spot Bitcoin ETF to just 5%, with fellow Bloomberg reporter James Seyffart indicating only black swan interventions from Gary Gensler or the Biden administration possible routes to denial. Interestingly, over the weekend, with the traditional markets closed, crypto continued to trade as …
2024 Is the Most Important Year for Bitcoin (BTC), Says Billionaire Chamath Palihapitiya – Here’s Why
Billionaire venture capitalist Chamath Palihapitiya believes that 2024 could be the biggest year for Bitcoin (BTC). In a new episode of the All-In Podcast, Palihapitiya says that the approval of a slew of Bitcoin exchange-traded funds (ETFs) will likely be a game-changer for Bitcoin. According to Palihapitiya, the ETFs will allow certain segments of the …
Sora Ventures founder Jason Fang giving away 1 BTC to celebrate Jubilee upgrade
In a generous move to celebrate the New Year, Sora Ventures founder Jason Fang announced a Bitcoin giveaway to express his gratitude for the support he and Sora Ventures received over the past year. Fang is giving away a total of 0.05 Bitcoin to 20 lucky followers, symbolizing affection with the number “520” — a …
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