Changpeng ‘CZ’ Zhao, the former CEO of Binance, has enlisted the legal expertise of Matthew Diggs, a renowned former federal prosecutor, to bolster his defense in a high-stakes legal battle. This development comes as CZ, currently on a $175 million personal recognizance bond, faces significant legal challenges, including a potential prison sentence of up to ... Read more
Paxos, a renowned player in the cryptocurrency space, has recently achieved significant milestones in its global expansion strategy, marking a new era in the digital assets market. With two in-principle approvals from the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM), Paxos is poised to enhance its service offerings in the ... Read more
Commentators are specifically requested to provide their opinions on the vulnerability of the Bitcoin ETF to market manipulation.
The Ethereum network has seen a surge in daily validator exit since the beginning of October. This may be due to the recent uptick in Ether’s value. Ethereum's [ETH] staking pool has exp The post Ethereum network witnesses an exodus as validators exit - Why? appeared first on AMBCrypto.
Economic Outlook and Market Trends Mike Novogratz, the founder and CEO of Galaxy Digital, shared his perspectives on the current economic climate and market trends during an interview with Sonali Basak on Bloomberg Television. Novogratz anticipates a significant economic slowdown in the first quarter of 2024, leading to the Federal Reserve cutting rates towards the
The 2022 crash in the cryptocurrency markets witnessed the downfall of many major brands. Terra, Celsius, Voyager, among others, have become history. The post The Aftermath of FTX Collapse: Multimillion-Dollar Asset Sales Authorized appeared first on COINTURK NEWS.
Pando Asset AG is the latest asset management firm to join the race for spot Bitcoin ETF- Exchange Traded Fund in the United States. Pando Asset Officially Joins the Race The Swiss-based firm, which already offers crypto Exchange-Traded Products (ETPs) in Europe, filed a new application with the United States Securities and Exchange Commission (SEC) The post Breaking: Pando Asset Joins Race for Spot Bitcoin ETF in US appeared first on CoinGape .
Generative AI is bringing old memes to life, making them as funny (and creepy) as they can be.
The crypto market, led by Bitcoin and Ether, has shown resilience following the U.S. Department of Justice's $4.3 billion settlement with Binance, amidst varied reactions across different crypto assets and exchanges.
Sei Labs introduced version 2 upgrades for its Sei L1 network which includes support for Ethereum Virtual Machine (EVM) by adding Geth, a popular Ethereum programming language.
The Bitcoin futures annualized premium jumped to 34% on Nov. 28, leading analysts to speculate about an imminent spot BTC ETF approval.
According to the last minute development shared by Bloomberg, FTX received court approval to start the sale of Grayscale assets worth $ 744 million. FTX had a total of $744 million in asset manager Grayscale's products. Of these, 597 million dollars are Bitcoin product GBTC, 87 million dollars are Ethereum product ETHE, 53 million dollars Continue Reading: BREAKING: FTX Receives Approval to Start Sale of $744 Million Grayscale Assets!
Terra Classic (LUNA) and TerraUSD (USTC) have taken a significant hit in the past few years following the stablecoin’s depegging. This event sparked a catastrophic bear market whose effects are still visible. The post Revival of Terra Classic (LUNA) and USTC: A New Hope in the Crypto Market appeared first on COINTURK NEWS.
Swiss asset manager Pando Asset seeks SEC approval for a spot Bitcoin ETF, a step towards integrating crypto into mainstream finance.
Many users' Binance USD balances will automatically be converted into First Digital USD starting on Dec. 31.
Uniswap logo Blue-chip cryptocurrencies are consolidating close to recent highs, with Bitcoin (BTC) having once again challenged year-to-date highs earlier in the session in the $38,400s. The world’s largest cryptocurrency by market capitalization was last trading in the $37,800s, roughly flat on the day as traders monitor commentary from a top US Treasury official, who The post Biggest Crypto Gainers Today on Uniswap – KAP, DOGE-1 appeared first on Cryptonews .
In this altcoin, the developer team made a large cryptocurrency transfer that resulted in a sale last time. Continue Reading: Suspicion of Selling This Altcoin Developer Team Arose: Last Time They Moved Large Amounts to Binance!
A closely followed crypto strategist believes that four altcoins including Solana (SOL), Chainlink (LINK) and Avalanche (AVAX) will witness a bearish December. Pseudonymous analyst Altcoin Sherpa tells his 198,900 followers on the social media platform X that he thinks SOL, LINK and AVAX will likely give up some of their gains before the next leg The post Crypto Trader Warns Slow Grind Down Incoming for Solana, Chainlink, Avalanche and One DeFi Altcoin appeared first on The Daily Hodl .
Source: Adobe Interoperable blockchain protocol Wormhole has achieved another significant milestone with a $225 million seed fund raised from a group of prominent investors in the crypto landscape. This fundraising is the largest in the Web3 ecosystem so far this year, propelling Wormhole’s market valuation to $2.5 billion. Wormhole has secured $225 million in funding. The post Wormhole Raises $225 Million at $2.5 Billion Valuation in 2023’s Largest Crypto Fundraise appeared first on Cryptonews .
Bitcoin has currently entered a stage where the bulls and the bears are vying for absolute control over the price, meaning that it could swing either way. While sentiment is still mostly bullish from here, there is still the possibility that the bears could win out and this side of the coin has prompted crypto analyst FieryTrading to map out what could happen if this ends up being the case. Identifying The Bearish Side Of Bitcoin In the analysis, FieryTrading identified an indicator that might point toward a bearish reversal for Bitcoin and this was the Wyckoff distribution pattern. The analyst observes that the Bitcoin price might actually be current trading within this Wyckoff distribution pattern which would not be positive for the price. Related Reading: Analyst Uses 5200% Impulse Against Bitcoin To Predict XRP Price Surge To $9.6 “As seen on the chart, the BC/UT/UTAD are nearly identical as on the schematic. Three higher-highs, of which the first two are sold off quickly, and the last (UTAD) took a while before it turned bearish,” Fiery Trading explains. Furthermore, the analyst explains that the AR and SOW phases identified in the chart above are almost identical. However, there is a significant difference, which is that the Bitcoin price has already retested the AR-low between the UT and UTAD identified twice already. Source: TradingView.com In a scenario where this bearish setup plays out, the crypto analyst explains that there will end up being another retest around the SOW region in the future. If this happens and support fails to hold, allowing the price to fall through this SOW area, then I would be very bearish for the price. The target in such a scenario would be $30,000, effectively marking the $38,400 level as the local top. “This would also mean that 38.4k is the 2023 top, with a move towards 30.000$ being fairly likely,” FieryTrading posits. The analyst reiterates their own bullishness toward the price of Bitcoin. However, they also express that it is important to see bearish signs when they appear. “The fact that we had three higher highs which were all sold off is alarming at the very least.” BTC Begins To Slowdown The Bitcoin price has already seen a slowdown after an impressive run-up above $38,000, which explains why some indicators have begun to turn bearish. One example of this is the decline in the trading volume which suggests that investors are not as active in the coin now as they used to. Related Reading: Crypto Analyst Predicts 4400% XRP Price Surge To $27, Here’s When The decline in trading volume has coincided with a drop in the market sentiment. However, the negative sentiment is still drowned out predominantly by the positive as the Crypto Fear & Greed Index still points to greed. This suggests that despite the decline in price and trading volume, investors are not selling off much of their holdings. Bulls hold $38,000 | Source: BTCUSD on Tradingview.com Featured image from GOBankingRates, chart from Tradingview.com
Explore the implications for central banks globally and the call for robust cyber defenses in the age of digital financial transformation.
A mysterious cryptocurrency whale has been observed accumulating truly impressive amounts of Bitcoin in recent days. Continue Reading: Giant Bitcoin Whale Alert: It Accumulated Thousands of BTC Recently? Who Is Behind It?
A crypto analyst with a large following says that Bitcoin has printed its “parabolic signal” that suggests BTC is in the early innings of a strong bull market. Pseudonymous crypto analyst TechDev tells his 422,000 followers on the social media platform X that in terms of market liquidity, Bitcoin reached its bottom more than a The post Trader Says Bitcoin Just Flashed Its ‘Parabolic Signal,’ Predicts Things ‘Escalate Quickly’ From Here appeared first on The Daily Hodl .
Blox (CDT) is a non-custodial ETH2 staking service provider. The goal of the Blox team is to make Ethereum 2.0 more secure, simple, and scalable. The post How to Buy Blox Coin? appeared first on COINTURK NEWS.
After last year’s collapse, LUNA continued its life as LUNC. Many victims kept buying as they believed there would be no further losses, only to see the price plummet from double-digit levels to one with many zeros. The post Terra Classic’s (LUNC) Sudden Surge: Indications of a Comeback? appeared first on COINTURK NEWS.
In a significant development, Celsius, the cryptocurrency lending platform that filed for bankruptcy in July 2022, has begun opening withdrawals for some of its users. This move marks a pivotal moment for the company and its customers following financial uncertainty and legal complications. Celsius Sets February Deadline for Withdrawals Customers enrolled in the Custody Program, The post Just In: Celsius Opens Withdrawals for Eligible Crypto Holders appeared first on CoinGape .
A Bank of Canada survey found that a whopping 86% of respondents expressed “strong criticisms” against CBDCs.
Lego 2K Drive leads the next wave of free PlayStation 5 games for Plus subscribers. Here’s when you can grab ‘em.
BTC's supply on crypto exchanges has plunged to a six-year low of 5.38%.
Coinbase CEO Brian Armstrong has recently highlighted the effectiveness of Canadian crypto regulations. Speaking at a fireside chat in Toronto, Armstrong lauded Canada’s streamlined regulatory approach, which contrasts with the more complex landscape in the United States. His commendation comes as Coinbase, a significant crypto player, strides into the Canadian market. Canada’s Regulatory Edge Treating The post Coinbase CEO Lauds Canadian Crypto Regulatory Framework appeared first on CoinGape .
Investors pinning their hopes on the cryptocurrency market are moving with expectations of a potential bull market triggered by events like Bitcoin‘s halving and the approval of a spot Bitcoin ETF next year. Bloomberg’s senior ETF analyst Eric Balchunas reiterated his past ETF approval date prediction. The post Impending Boost for Crypto Market: Analyst Reaffirms High Hopes for Bitcoin ETF Approval appeared first on COINTURK NEWS.
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Binance ends BUSD support and transitions to FDUSD stablecoin after regulatory troubles. Image by maurice norbert, Adobe Stock. Major cryptocurrency exchange Binance announced today in a blog post that it will end support for its Binance USD (BUSD) stablecoin on December 15. The move comes after regulators ordered BUSD issuer Paxos to halt minting of The post Binance to End Support for BUSD Stablecoin, Remaining Balances Converted to FDUSD appeared first on Cryptonews .
A surprise sale transaction was made today from the cryptocurrency billionaire's wallet, which has been inactive for a long time. Continue Reading: Jailed Cryptocurrency Billionaire’s Wallet, Dormant for Months, Sold Millions of This Altcoin Today
Polkadot and Cardano topped the dev activity count of the last 30 days. DOT and ADA saw increased price improvements in the last 48 hours.Over the past 30 days, Polkadot [DOT] and Cardano [ The post DOT, ADA see hikes: What ties them together? appeared first on AMBCrypto.
The now-inoperative crypto lending firm Celsius has announced the opening of withdrawals for select “Eligible Custody Users,” as declared in a recent statement on Wednesday. These custody account holders now have the opportunity to withdraw approximately 72% of their cryptocurrency assets, with the deadline set for February 28, 2024. Celsius Announces Limited Withdrawal Window for
In a significant development in the cryptocurrency world, Poloniex, a well-known cryptocurrency exchange, is set to resume withdrawals and deposits following a substantial security breach. The exchange suffered a $100-million hack on November 10, disrupting its operations and causing concern among its users and the broader crypto community. The incident underscores the persistent challenges of ... Read more
Ivan Turogin and Sergei Potapenko are suspected in a $575 million fraud case, but they can’t be exposed to U.S. detention conditions.
FTX (FTT) has been trading below $1.3 since September. However, the token managed to break the existing resistance of $1.65, a threshold in place since November 2022, on November 9th. The post FTX Token’s Recent Breakthrough Amidst Market Uncertainty appeared first on COINTURK NEWS.
Wally Adeyemo cited a recent settlement with crypto exchange Binance and sanctions against crypto mixer Sinbad in calling for an expansion of the U.S. Treasury’s authority.
November 29, 2023 – Willemstad, Curaçao Duelbits, a leading name in the global crypto sportsbook and casino gaming arena, is thrilled to unveil a groundbreaking collaboration with one of football’s most illustrious talents, Luis Suárez. This partnership celebrates Suarez’s remarkable legacy, including his victories in the Champions League, Copa America and securing the Golden Boot The post Duelbits Announces Landmark Collaboration With Football Icon Luis Suárez appeared first on The Daily Hodl .
Helium Mobile—a service built on a decentralized, crypto-powered network—is the newest sponsor of Miami Hurricanes sports teams.
Swiss firm Pando Asset has filed an application with the SEC to offer its Spot Bitcoin Trust to U.S. investors.
The USD-pegged stablecoin Paxos can no longer mint will lose support by the end of the year.
The price of the flagship cryptocurrency Bitcoin has moved up over 130% over the past year and the accumulation has seemingly seen the supply of BTC on cryptocurrency trading platforms drop to its lowest level since December 2017 to now stand at 5.38%. According to on-chain analytics firm Santiment, Bitcoin’s supply on exchanges has been
Blockmason Credit Protocol defines itself as a platform producing first-class Blockchain technology. According to statements made, Blockmason Credit Protocol focuses on developing fundamental layer frameworks that will transform the way we interact with technology. The post How to Buy Blockmason Credit Protocol Coin? appeared first on COINTURK NEWS.
Whale Alert, a renowned blockchain tracker, reported a substantial transfer of XRP tokens to the Bithumb crypto exchange. This transfer, involving over 32 million XRP tokens valued at roughly $19.5 million, originated from an unidentified wallet and was executed today at 05:15:10 UTC. The substantial nature of this transaction places it firmly in the category of ‘whale transactions,’ which are often scrutinized due to their potential influence on market dynamics. In the crypto space, such significant transfers are typically indicative of strategic moves by influential players within the market. Related Reading: XRP Price Set For 20% Leap In Coming Days: Crypto Analyst While the specific intention behind this transaction remains undisclosed, and the whale’s identity is unknown, its occurrence has not led to any notable immediate price fluctuations in XRP, with only a marginal decrease of 0.1% observed so far. Massive Sell-Off On The Horizon? Historically, the transfer of substantial amounts of crypto to exchanges by whales has been linked with either an intent to liquidate or to swap for other digital assets. This makes such movements anticipated to result in a price drop following a significant sell-off. However, a technical analysis of the current situation suggests a different narrative for XRP. Looking at the asset’s chart on the 4-hour time frame, XRP has recently tapped into an order block on the sell side, which could signal an impending price reversal to the upside in trading parlance. Mainly, an order block in financial markets is essentially a zone where the initiation or absorption of a large volume of orders occurs. It is considered a crucial area on price charts, as traders often expect a reversal when the price taps into these zones. In essence, an order block represents a consolidation area where significant trading activities previously took place, and revisiting these zones can often lead to a shift in market momentum. So far, XRP has shown signs of reversal after tapping this orderblock. Particularly, the asset has moved from the price zone of $0.59, where the order block is located, and surged past $0.61 before showing a current retracement that brings its price to trade at $0.60. Bullish Forecasts for XRP Meanwhile, the XRP community has been witnessing a series of optimistic analyses from prominent crypto market analysts. Notably, Egrag, a renowned figure in the crypto analysis sphere, recently shared his insights on XRP, indicating a potential bullish reversal for the digital asset. #XRP Inverse Head & Shoulder Formation in progress (UPDATE): https://t.co/JRvvFEVhBv pic.twitter.com/wy90z4kCO4 — EGRAG CRYPTO (@egragcrypto) November 29, 2023 His analysis identified an inverse head and shoulders (H&S) pattern on XRP’s chart, a technical indicator often suggesting a trend change from bearish to bullish. Related Reading: XRP On The Verge Of A Surge: Analyst Pinpoints Next Bullish Targets This positive sentiment is echoed by another market analyst, Ali Chart, who has projected a promising future for XRP. Ali’s analysis shows that the altcoin seems to be making a decisive break from a descending parallel channel. #Ripple | $XRP appears to be breaking out from a descending parallel channel, which may result in an upswing to $0.65 – $0.66 for #XRP. pic.twitter.com/gvfeEMKIDX — Ali (@ali_charts) November 23, 2023 According to his assessment, such a breakout could propel XRP’s price to the $0.65 to $0.66 range. These analyses collectively paint an encouraging picture for XRP, hinting at a potential shift in momentum and opening the possibility for significant price movements in the near term. Featured image from Unsplash, Chart from TradingView
The crypto market is down today as regulatory enforcement against the sector reaches a head and short-sellers jockey for the lead in liquidations.
Unchained study reveals staggering growth in BTC ownership among US investors, citing regulatory clarity and economic factors as key influencers for 2024.
Game developer Square Enix announced the auction dates for NFTs of its upcoming blockchain game Symbiogenesis.