💰 MicroStrategy buys $37M Bitcoin bringing holdings to 190,000 BTC
MicroStrategy, the largest publicly traded holder of Bitcoin, says it acquired an additional 850 BTC in January bringing its total holdings to 190,000 BTC — worth $8.1 billion. In its Q4 2023 Feb. 6 earnings call, the business software firm’s chief financial officer, Andrew Kang, said it acquired 56,650 BTC throughout 2023 at an average price of $33,580. MicroStrategy posted a net income of $89.1 million, compared with a loss of $249.7 million in the year prior.
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/channel/CryptoNewsSource
🇺🇸 Treasury Secretary Janet Yellen Warns of Crypto Risks
U.S. Treasury Secretary Janet Yellen is set to tell Congress that the crypto industry poses several potential hazards to the financial system, including the dangers of stablecoins, runs on crypto platforms and volatile prices, according to a brief portion of her testimony posted Monday. The council, which is meant to head off the next financial crisis before it happens, has paid special attention to crypto risks in recent years, putting them among the top categories of potential worry.
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/channel/CryptoNewsSource
💰 January saw Bitcoin's highest monthly volume since September 2022
Following four months of gains in transaction volume, $1.21 trillion worth of Bitcoin was moved on-chain during the month of January 2024. That's the largest amount of value moved on-chain since September 2022, when the price of Bitcoin was around $20,000, according to data from The Block. In fact, January marked the fourth straight month of volume increases after only $550 billion in volume was moved in September 2023.
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/channel/CryptoNewsSource
💰 FTX seeks permission to speedily sell 8% stake in Anthropic
Bankrupt cryptocurrency exchange FTX is preparing to sell its most significant remaining illiquid asset: the 8% stake the company holds in valuable AI startup Anthropic, which received a $500 million investment from FTX's former CEO, Sam Bankman-Fried, in October 2021. The company, now led by CEO John Ray III, has filed a motion asking a judge to approve the sale of FTX's stake in Anthropic.
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🏦 Coinbase analysts see downside pressures on bitcoin's price becoming 'exhausted'
Downside pressures on bitcoin and the broader cryptocurrency market are starting to become exhausted, which could lead to a more supportive trading environment, according to Coinbase analysts. Coinbase's Weekly Market report, released on Friday, described how certain technical factors that had been exerting downside pressure on bitcoin specifically and the broader crypto market are beginning to wane.
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💰 Whales and institutions lead the charge in Bitcoin’s exchange volume surge
Bitcoin's price movements often stir the market, but what happened when it briefly dipped below $40,000 and then climbed back to $42,000 was somewhat unprecedented. Most would anticipate a surge in retail trading; however, the reality of the situation, as revealed by Glassnode's data, was more nuanced.
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💰 Cboe Exchange Withdraws Its Global X Bitcoin ETF Application
Cboe BZX Exchange has decided to withdraw its application for a proposed rule change with the United States Securities and Exchange Commission (SEC), a move that could have paved the exchange’s way for listing shares of Global X’s spot Bitcoin Exchange-Traded Fund (ETF). The SEC, in a notice on January 30, officially announced the withdrawal of Cboe BZX’s application for trading shares of the Global X Bitcoin Trust.
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💰 Invesco and Galaxy Slash Fees in Competitive Spot Bitcoin ETF Market
Responding to the fierce competition in the spot bitcoin ETF market, Invesco and Galaxy Asset Management have lowered the long term fee of their joint BTCO fund, positioning it more competitively against sector heavyweights.
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💰 Peter Brandt Highlights Bitcoin Price Pattern Key to Keeping BTC's Bull Trend Healthy
Veteran trader Peter Brandt has highlighted a bitcoin price pattern that frequently appeared in past major bull runs. “It is the Hump …Slump …Pump… Dump [HSPD] that keeps a bull trend healthy,” he explained, emphasizing: “Study past major bull runs in bitcoin and you will discover they were replete with HSPDs.”
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🇭🇰 Hong Kong regulators sound alarm on unauthorized crypto staking programs
According to a recent announcement, the Hong Kong Securities and Futures Commission (SFC) has made it clear that both the “Floki Staking Program” and “TokenFi Staking Program” lack authorization for offering to the Hong Kong public. The regulator says both offerings involve cryptocurrency staking services that claim to deliver notably high annualized returns, ranging from 30% to over 100%.
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💰 Ripple job listing sparks rumors of an XRP ETF
Ripple (XRP) appears to be laying the groundwork for a future XRP exchange-traded fund (ETF). This development surfaces as Ripple navigates through a high-profile legal tussle with the U.S. Securities and Exchange Commission (SEC), which many speculate could eventually lead to clearer regulations and the much-anticipated approval of other crypto ETFs besides the Bitcoin spot ETF.
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📊 Crypto saw 62 million acquired users across eight chains in 2023: Flipside report
Flipside notably observed growth in acquired users, defined as users that have carried out at least two transactions on a blockchain. One chart in the report indicates that eight major blockchains experienced 62 million acquired users. The company noted that Ethereum (ETH) and Polygon (MATIC) saw the most user acquisitions, each with about 15 million acquired users over the year.
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🟠 Binance offers $5M snitch bounty after RON token listing sparks ‘heated’ debate
Crypto exchange Binance has launched a $5 million bounty for information on potentially corrupt staff members after a spate of accusations alleged its crypto token listing could be front-run due to leaks. In a series of Feb. 5 X posts, Binance co-founder Yi He said “heated discussions” had taken place in the community after a recent plunge in the price of Ronin (RON) after it listed on Binance.
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💰 Spot Bitcoin ETFs’ cumulative trading volume exceeds $30 billion
In the nascent arena of spot Bitcoin ETFs, competition is swiftly evolving. The first month saw a noteworthy $1.5 billion net inflow, representing about 32,000 Bitcoin, according to BitMEX Research. Moreover, the aggregated volume of these ETFs overpassed a landmark $30 billion threshold, according to The Block.
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🇦🇷 Argentine Government Removes Tax on Bitcoin
The recently inaugurated government of Argentina, under the leadership of President Javier Milei, who is recognized for his strong liberal stance and support for Bitcoin, has introduced a comprehensive bill to the legislative body translated as “Law of Foundations and Initial Measures for Argentinian Liberty”.
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Best Telegram Crypto Channels 2024: Explore the World of Cryptocurrency
Dive into the dynamic realm of cryptocurrency with our curated list of the Best Telegram Crypto Channels for 2024. Whether you're a seasoned investor or a curious newcomer, this comprehensive guide offers something for everyone. From breaking news in the crypto world to in-depth analysis of market trends, trading signals, and insights into DeFi, NFTs, and the Metaverse, these channels are your go-to source for staying ahead in the fast-paced world of digital currencies. Stay informed, make educated decisions, and join the conversation today in the ever-evolving landscape of cryptocurrency with the best resources Telegram has to offer for 2024.
1️⃣General Crypto News & Updates
- @CryptoWorldNews
- @cryptomagazine
- @Cryptocurrency_Inside
- @Crypto_Publisher
- @CryptoWorldICOs
- @Bitcoin_Magazine
- @Bitcoin_NewsTG
- @BitcoinAltcoinCryptoNews
- @Crypto_Bitcoin_Trading_News
- @Crypto_Bitcoin_Blockchain
- @CryptoWorldAnalysis
- @CryptoNewsSource
- @altcoinnews
- @Crypto_ShortNews
- @crypto_signals_charts
- @Cash_Blockchain_News
2️⃣Specific Cryptocurrency News (Bitcoin, Ethereum, etc.)
- @bitcoinnews
- @Bitcoin_Insights
- @ethereumnews
- @Bitcoin_Ethereum_Trading
- @Bitcoin_Crypto_Coin_Calendar
- @Ethereum_Merge
- @EthereumBitcoinNews
3️⃣Trading, Charts & Signals
- @Binance_Coinbase_Bybit
- @altcointrading
- @Crypto_Futures_Trading
- @Bitcoin_Ethereum_Altcoins
- @Bitcoin_Crypto_Signals
- @ChartsSignalsTrading
- @Crypto_Trading_Reports
- @Premium_Trading_Crypto_Signals
- @Signals_Charts
- @Charts_Trading
- @InvestmentTradingUpdates
- @BitcoinBreaking
4️⃣DeFi, NFTs, Metaverse
- @DeFi_ICO_Invest
- @Metaverse_Crypto_Web3_GameFi
- @DeFi_Updates
- @NFTs_DeFi
- @DeFi_Ethereum
- @Defi_Trading_Nfts_Metaverse
- @Nfts_Hype
- @Metaverse_Defi_Nfts_Trading
- @NFTs_Metaverse_Coins
- @Nfts_Defi_Metaverse_News
- @Crypto_Nfts_Metaverse
- @Facebook_Metaverse_Nfts
- @Metaverse_Nfts_WEB3
5️⃣Market Analysis & Financial Updates
- @CryptoMarketTime
- @FinancialWorldUpdates
- @Uniswap_PancakeSwap
- @Blockchain_Crypto_Bitcoin
- @Cryptocommunity
- @BitcoinsHalving
- @Stocknews
- @Tradingnews
- @Coin_Trading_News
6️⃣AI and Tech in Crypto
- @Ai_Tools_Hunt
- @ChatGPT_News_Ai
7️⃣Humor and Community
- @Bitcoin_Crypto_Memes
- @Bitcoin_Action
🪙 Tether CEO bashes JPMorgan’s ‘hypocrisy’ amid stablecoin dominance concerns
Tether CEO Paolo Ardoino slammed Wall Street giant JPMorgan’s “hypocrisy” to raise concerns about the stablecoin issuer’s dominant position in the cryptocurrency market while being the “biggest bank in the world.” In a Feb. 2 statement sent to CryptoSlate, Ardoino stated that Tether’s market dominance has proven crucial for the emerging industry despite the negative perceptions that its competitors and banks have about it.
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/channel/CryptoNewsSource
💰 Bitcoin mining difficulty to see largest increase in a year
Bitcoin’s difficulty adjustment is poised for another significant shift with an upcoming 7% adjustment, according to Newhedge. This marks the largest difficulty increase in almost a year since March 2023. The evolution of Bitcoin’s mining difficulty is a significant indicator of the network’s health and security. The previous difficulty adjustment registered a decrease of -3.9%, marking the most substantial downward adjustment since December 2022.
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/channel/CryptoNewsSource
💰 Bitcoin’s Hashrate Hits 7-Day Record High, Surging to 566 EH/s Amid Anticipation of Upcoming Difficulty Adjustment
Bitcoin’s computing power has soared to unprecedented levels, with the seven-day simple moving average (SMA) peaking at 566 exahash per second (EH/s) as of Jan. 30, 2024. Despite experiencing a slight decline in mid-January, the network’s hashrate is on an upward trajectory, in anticipation of the expected difficulty adjustment set for Feb. 2, 2024.
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/channel/CryptoNewsSource
🆘 Ripple co-founder Chris Larsen wallet was hacked for 213 million XRP (~$112.5 million).
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/channel/CryptoNewsSource
🪙 One Crucial Factor for Ethereum ETF Approval: Bitfinex’s Head of Derivatives
Bitfinex’s Jag Kooner highlights that while ETFs link traditional finance with crypto, this connection may not extend to other crypto assets lacking the established reputation of “digital gold” like Bitcoin. However, Jag Kooner, Bitfinex’s Head of Derivatives, suggests that the approval of a Bitcoin ETF could impact the SEC’s view on an Ethereum ETF, likely influenced by Ether’s classification as a security or commodity.
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/channel/CryptoNewsSource
💰 Bitcoin Whales Boosted Coin Stash by $3B in January, Data Show
Crypto whales, or large investors, have accumulated $3 billion worth of bitcoin (BTC) this month, according to data tracked by onchain analytics firm IntoTheBlock. The amount of bitcoin held in wallets owning over 1,000 BTC has increased by roughly 76,000 BTC to nearly 7.8 million BTC. The leading cryptocurrency began the month positively, tapping highs above $48,900 on Jan. 11 with the debut of U.S.-based spot exchange-traded funds (ETFs).
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/channel/CryptoNewsSource
💰 Sleeping Bitcoin Wallets Awake: Over $14 Million in BTC Moved From Long-Inactive Addresses
Based on the latest onchain data, on Jan. 27, 2024, a wallet established on Aug. 28, 2013, transferred 115.50 bitcoin valued at $4.84 million, marking its first activity in more than a decade. Furthermore, two dormant accounts from 2017 also executed transactions on Saturday, moving a total of 218.49 bitcoin, equivalent to $9.16 million.
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/channel/CryptoNewsSource
💰 Bitcoin Reserves Held by Miners Witness Notable Decline Ahead of Halving: CryptoQuant
A significant shift is occurring in the Bitcoin mining landscape as the fourth halving event approaches, which is set to reduce the supply subsidy of BTC from 6.25 BTC for every block to 3.125 BTC per one. With approximately just 82 days left, Bitcoin miners appear to be selling their reserves, according to the latest analysis by CryptoQuant.
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/channel/CryptoNewsSource
🪙 Flipside sees rising EVM adoption in 2024 for cost-effective Ethereum alternatives
Flipsides say the ongoing demand for economical alternatives to Ethereum, will drive more layer-2 projects to prioritize reducing end-user costs this year. Ethereum is set to confront heightened competition in the blockchain space in 2024, driven by the persistent demand for cost-effective alternatives and the proliferation of Ethereum Virtual Machine (EVM)-compatible layer-2 networks, Flipside, a blockchain data platform, said in a recent research report.
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/channel/CryptoNewsSource
🪙 Galaxy predicts ‘unprecedented challenges’ for Ethereum in 2024
Mike Novogratz’s crypto bank Galaxy Digital says 2024 will be a crucial year for Ethereum, as other layer-1 blockchains will raise the stakes. Ethereum appears to be navigating uncharted waters, as the network is set to face “unprecedented challenges” in 2024 presented by alternative layer-1 networks such as Solana, Galaxy Digital writes in its “Watch This Space” report.
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/channel/CryptoNewsSource