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01 января 2024 06:35

🇺🇸 SEC Countdown: Bitcoin ETF Approval Signals - Notifications Incoming! 🚀

Excitement reverberates in the crypto sphere as the U.S. Securities and Exchange Commission (SEC) gears up to notify approved ETF issuers, paving the way for potential launches ahead of the looming January 10 deadline. 📅

📆 Decision Day Nears: January 10 Deadline Crucial for Ark Investments and 21Shares!

With the January 10 deadline on the horizon for the SEC to pass judgment on the spot Bitcoin ETF proposed by industry giants Ark Investments and 21Shares, anticipation is high. The SEC is expected to communicate the fate of other ETF applications to asset managers early next week, as reported by Reuters. 🕒

🏁 Sprint to Launch: Asset Managers Eyeing the January 10 Decision Window!

For asset managers who met the year-end deadline, the race is on to launch their ETFs in sync with the critical January 10 decision. Prominent contenders include Valkyrie, Bitwise, WisdomTree, Franklin Templeton, BlackRock, VanEck, and Invesco. Early notifications could pave the way for a synchronized and thrilling launch. 🚦

👥 Elite 14 Spotlight: Asset Managers in the ETF Approval Arena!

Among the 14 asset managers vying for approval of similar ETFs, some have already submitted comprehensive forms to the SEC, outlining sponsor fees and technical intricacies. Fidelity emerges as a frontrunner with the lowest proposed sponsor rate at an impressive 0.39%. While other contenders keep their rates undisclosed, the competition intensifies. 🔥

Source

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31 декабря 2023 18:14

💰 Bitcoin Miners Reach New Heights: December 2023 Rockets to $1.51 Billion in Record Revenue! 💰

In a grand finale to 2023, Bitcoin miners have set the stage ablaze, achieving a historic milestone with a whopping $1.51 billion in revenue for December. This achievement not only outshines the previous peak in May but also highlights the escalating significance of onchain fees in the ever-evolving world of cryptocurrency.

📈 December's Triumph: Surpassing May's $919.22 Million Milestone!

December's stellar performance eclipses the former record set in May, where miners amassed $919.22 million. The grand total, inclusive of an impressive $324.83 million in onchain fees, represents a remarkable 64.27% growth, equivalent to an additional $590.78 million.

🚀 December's Surge: 1.64 Times Greater Than May's Record!

Demonstrating the robustness of Bitcoin mining, December's achievement stands 1.64 times greater than May's record. Fueled by the rising importance of onchain fees, Bitcoin reinforces its position as a trailblazer in the dynamic landscape of digital finance.

🔗 Skyrocketing Transaction Rates: December's Crypto Skyline!

As per bitinfocharts.com, December's onchain transaction rates have reached unprecedented heights. The average fee rises to 231 satoshis per virtual byte (sats/vB), equivalent to $20.86 per transaction. On December 31, 2023, the median-sized fee is noted at $9.60 per transaction or 106.3 sats/vB.

Source

@TradeCryptoNow

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30 декабря 2023 16:07

💰 Indonesia Takes a Stand: 10 Bitcoin Mines Shut Down! 🇮🇩⚙️

The North Sumatra Police Force has made a bold move by cracking down on a sprawling Bitcoin mining operation spanning 10 locations in Indonesia. 🚫💻 In a recent report, it was revealed that 1,134 Bitcoin mining machines were confiscated, alongside 11 meters of electrical cable and computer equipment.

Irjen Agung Setya Imam Effendi, Chief of North Sumatra Police, accused the organizers of the operation of tampering with electrical circuits to power the extensive network of Bitcoin mining machines. 🤯🔌 This development echoes the growing global trend of authorities tightening regulations around cryptocurrency activities.

The crackdown in Indonesia comes on the heels of a landmark case in China, where a government official received a life sentence for facilitating electricity access to Bitcoin miners. Yi Xiao, the former vice chairman of the Jiangxi Provincial Political Consultative Conference Party Group, faced life imprisonment for his involvement in a $329 million Bitcoin mining enterprise. 😲💰

Source

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29 декабря 2023 18:29

💰 Title: Bitcoin Miners Liquidate $129M in a Day, Reserves Plummet to Lowest Levels Since May 📉💰

In a decisive move, Bitcoin miners have triggered a significant sell-off, offloading a staggering $129 million worth of BTC within a 24-hour window. 📉💸 This strategic move has driven their reserves to the lowest point since May, revealing intensified selling pressure in the crypto market. ⛏️📊

According to CryptoQuant data, miner reserves, reflecting the BTC held in affiliated wallets, have dwindled to 1.832 million BTC. This decline, starting in late October, has culminated in a rapid acceleration this month. 🗓️📉 The latest figures mark a stark contrast from October's high of 1.845 million BTC held by miners.

Highlighting this trend, AliCharts took to X to underscore the magnitude of the miner sell-off, emphasizing a noteworthy sale of 3,000 BTC in the past 24 hours alone. 💼💹 With Bitcoin currently trading at $42,891, the market is experiencing heightened volatility following yesterday's peak at $43,710. 📈📉

Source

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28 декабря 2023 18:29

🇮🇳✨ India Ratchets Up Crypto Compliance: Offshore Giants on Notice! 💼💥

India’s Regulatory Winds Blow Strong:
The Indian government, through its Financial Intelligence Unit (FIU), has unleashed a pivotal moment in the crypto sphere, issuing compliance show cause notices under the Prevention of Money Laundering Act (PMLA). This marks a significant step in fortifying the regulatory framework surrounding digital assets in the country. 🌬️🌐

🚀 Giants Under Scrutiny:
Nine offshore crypto heavyweights, including Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfinex, find themselves in the regulatory crosshairs. The government's move aims to ensure strict adherence to PMLA provisions, leaving no room for ambiguity. 🔍🚨

⛓️ Uncharted Territory: URLs Face the Axe:
In an unprecedented move, the government takes the initiative to block the URLs of these exchanges operating without compliance. This uncharted territory hints at a new era of regulatory assertiveness, adding complexity to the evolving crypto landscape in India. 🌐🚷

🔒 The Future of Indian Crypto at Stake:
As regulatory winds intensify, the crypto community in India faces a critical juncture. Will this stringent compliance drive pave the way for a more regulated and secure crypto environment, or will it spur dialogue and adaptation within the industry? The unfolding chapters hold the answers. 📜🌟

Source

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27 декабря 2023 18:48

💰 MicroStrategy Ends 2023 with a Bang: $615.7 Million Bitcoin Splash! 🌐🎉

MicroStrategy, the trendsetter in corporate crypto maneuvers, is closing the year with a blockbuster move! 📈✨ The business intelligence giant has clinched an impressive haul of 14,620 Bitcoins, making a splashy investment of around $615.7 million at an average Bitcoin price of $42,110. 💼🚀

🔥 Crypto Power Move: MicroStrategy, under the leadership of Michael Saylor, once again proves its mettle in the crypto space, making bold moves that redefine corporate engagement with digital assets.

💎 Crypto Fortune: As of December 26, 2023, MicroStrategy proudly holds a whopping 189,150 Bitcoins, valued at approximately $5.9 billion. The average purchase price per Bitcoin? A cool $31,168.

🌟 Strategic Brilliance: This isn't just another Bitcoin purchase; it's a strategic play that reinforces MicroStrategy's commitment to Bitcoin as a core element of its long-term treasury reserve.

Source

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26 декабря 2023 17:59

📢 Major Shake-Up at Grayscale as Barry Silbert Steps Down! Mark Shifke Takes the Helm! 🚀🎉

In a surprising turn of events, Barry Silbert, the chairman of Grayscale Investments, has officially resigned from his position. Grayscale, known for its groundbreaking application to convert its Bitcoin Trust (GBTC) into a U.S. spot exchange-traded fund (ETF), has announced that Mark Shifke will be taking the reins as the new chairman, effective January 1. 📆🌟

🔄 A Seamless Transition:
Mark Shifke, currently serving as DCG's chief financial officer, steps into the role without a hitch, ensuring a smooth transition in Grayscale's leadership. The sudden change was revealed in an SEC filing, leaving the crypto community abuzz with speculation about the reasons behind Silbert's departure.

🌐 Silbert's Legacy and Shifke's Vision:
Barry Silbert, a prominent figure in the crypto space, has been instrumental in Grayscale's journey. As he bids farewell, Mark Shifke, armed with financial expertise, takes charge with a vision that could shape the future of Grayscale and its endeavors.

🔍 SEC's Watchful Eye on Grayscale's ETF Aspirations:
The SEC's ongoing consideration of Grayscale's application to transform GBTC into a U.S. spot ETF adds a layer of intrigue to this leadership transition. The agency, grappling with multiple ETF applications, including those from BlackRock, Ark 21shares, Vaneck, and Hashdex, has set a crucial deadline of January 10, with Ark 21Shares being the first in line.

🚀 Year-End Reshuffling:
As the crypto industry braces for potential regulatory shifts and transformative developments, Grayscale's reshuffling at the top echelons mirrors the broader dynamics within the crypto financial landscape.

Source

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25 декабря 2023 18:56

💰 Bitcoin Miners Break Records: 400% YoY Surge in Transaction Revenue in 2023! 💎📈

In an extraordinary turn of events for the world of cryptocurrency, Bitcoin miners have set a blazing trail in 2023, clocking an astounding 400% year-over-year surge in transaction revenue! 🌐💸

📅 Record-Breaking Revenue: According to Jameson Lopp, Co-founder and CTO of Casa, Bitcoin miners generated revenue surpassing $10 billion in 2023, contributing to a staggering $57 billion amassed over the past 15 years.

💡 HODLing for the Future: Lopp hints at the possibility that miners might not be in a rush to convert Bitcoin to fiat currency. Many miners, he notes, embrace the strategy of "HODLing," holding onto their Bitcoin assets with an eye on potential long-term gains.

📊 Year-End Soars: The numbers speak volumes – in December alone, miners hit a record daily revenue of $64 million, marking an almost 400% increase from the year-to-date value. This surge underscores the flourishing profitability of Bitcoin mining.

💼 Quarterly Triumph: The final quarter of 2023 paints a lucrative picture for miners, with daily mining activity revenue consistently exceeding $33.85 million since December's commencement. Q4 2023 is proving to be a quarter of substantial profit for the Bitcoin mining community.

Source

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24 декабря 2023 12:54

🥇 FOX Anchor Charles Payne Drops Bombshell: Bitcoin's Path to $1 Million Unveiled! 🌐📈

Get ready for a financial revelation as Fox Business anchor Charles Payne, a seasoned Bitcoin investor, shares a bold prediction - the potential for Bitcoin to hit an astounding $1 million! 💰🌟

🔄💼 Navigating Investment Realms: In a recently published interview, Payne dissects the complexities of investment, comparing the strengths and weaknesses of traditional stocks to the allure of Bitcoin. 💡📊 He emphasizes the unique advantages stocks offer, providing shareholders exposure to what he dubs a "great business" and the chance to contribute to the capitalist system supporting the United States.

📣 Bitcoin's Sky-High Potential: Despite acknowledging the merits of stocks, Payne makes an audacious statement about Bitcoin's untapped potential. "It can potentially go to a million," he boldly claims during a Thursday episode of the Coin Stories podcast. 🎙️🚀

🌐🔍 Charting New Territories: Payne's insights illuminate the ever-evolving financial landscape, where traditional and digital assets coalesce, offering investors diverse opportunities for financial growth.

Source

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22 декабря 2023 13:09

💰 Phantom adds support for Bitcoin, Ordinals and BRC-20 tokens

Phantom's march toward adding support for a variety of chains took another step as it announced that users can now trade and transfer bitcoin, Ordinals and BRC-20 tokens. The wallet's new optionality is "currently in beta so it’s 100% opt-in," Phantom said in a post to X. "Without Bitcoin , there’d be no Solana, Ethereum, or web3. And for that, we’re forever grateful for Bitcoin and thrilled to launch it (in ₿eta) on Phantom," it also said.

Phantom, known for being a Solana wallet, took its first steps toward becoming multichain when it added support for the Ethereum and Polygon blockchains. "We believe that the future of digital asset management lies in cross-chain interoperability," Brandon Millman, co-founder and CEO of Phantom, said at the time. After launching in 2021, Phantom quickly became a popular wallet, and, as of about a year ago, had more than 3 million active users. Ethereum developers are credited with creating the wallet, which has a browser extension for accessing decentralized finance applications. Phantom raised $109 million in Series B financing in early 2022 in a round led by Paradigm.

Source

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19 декабря 2023 20:00

🚨 Man Fingered in the July 2022 Hack on 2 Decentralized Exchanges Pleads Guilty to Computer Fraud

Shakeeb Ahmed, the man publicly charged with the hack of an unnamed decentralized crypto exchange, recently pleaded guilty to computer fraud and has agreed to forfeit over $12.3 million. Damian Williams, the U.S. Attorney for the Southern District of New York, has said that Ahmed also admitted to being the individual behind the July 2022 hacking of the decentralized finance (defi) protocol Nirvana Finance.

In a statement released on Dec. 14, 2023, Williams said Ahmed, a senior security engineer, has agreed to return the stolen crypto to his victims. Chronicling Ahmed’s July 2-3 attack on the decentralized platform, the U.S. Attorney said the security engineer exploited a vulnerability in one of the platform’s smart contracts. This step enabled Ahmed to insert fake pricing data and this ultimately helped to generate approximately $9 million worth of inflated fees. According to the statement, Ahmed later reached out to the platform and an agreement was reached in which he would return all but $1.5 million worth of digital assets. The agreement was, however, conditioned on the matter not being referred to law enforcement.

Source

@TradeCryptoNow

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16 декабря 2023 08:53

💰 Solana Rally Sees FTX's Holdings Grow to $4.2B, Setting Claims Market on Fire

A rally in the price of cryptocurrencies such as Solana (SOL), which is currently trading at $78, has set the market for FTX bankruptcy claims on fire, according to specialists at distressed firms dealing in crypto. Sam Bankman-Fried, the boss of FTX, which suddenly spiraled into bankruptcy last year, had championed the Solana project, and the exchange holds a sizable clutch of 55.8 million SOL tokens, according to CoinGecko.

Those SOL holdings, the majority of which (42.2 million) are locked up and not immediately tradable on the market, had been pegged at a market value of $1.16 billion earlier this year. The tokens are worth around $4.2 billion, based on the SOL price of $75.60 on Friday. This hike in the value of the FTX estate’s crypto holdings would catapult its recovery into 100% re-pay, leaving distressed firms scrambling to buy claims at 60-70 cents on the dollar, according to Thomas Braziel, CEO of 117 Partners. Vladimir Jelisavcic, founder and manager of Cherokee Acquisition, agreed that competition for FTX claims has been “exceptionally keen” lately.

Source

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14 декабря 2023 08:12

📣 DeFi Platform Conic Finance's CNC Token Surges 50% as the Protocol Plots Comeback After Hack

Decentralized finance (DeFi) protocol Conic Finance unveiled plans Tuesday to deploy its upgraded version (v2) after suffering an exploit in July. "Over the past four months Conic has undergone extensive auditing and review in preparation of v2 deployment," a governance post reads. "Now that all audits are nearly finalized it’s time to prepare Conic for launch." The protocol's governance token CNC jumped about 50% to $2.20 immediately after the announcement, CoinGecko data shows.

Conic Finance allows liquidity providers to diversify exposure to multiple liquidity pools and earn yields on major DeFi platform Curve Finance via so-called Omnipools. According to the governance post, the protocol will hold voting in two days about the list of supported Omnipool assets, whitelisted Curve pools for each Omnipool and initial liquidity allocation weights. Once the votes conclude, a separate governance proposal about the v2 deployment will include new features, reimbursement schemes and incentives. The total value locked (TVL) on Conic recently dropped to below $1 million from around $150 million before the attack, according to DefiLlama data.

Source

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12 декабря 2023 17:16

📊 Long liquidations spike to over $320 million today as bitcoin, ether stumble

Bitcoin BTC experienced a slight downturn today, dropping to $42,200 in the early Asian session from an earlier high of $43,800 — marking a decrease of nearly 4%. Ether also declined almost 5% to $2,230, along with most altcoins. This downturn led to a substantial liquidation of long positions on centralized exchanges. The volatility resulted in the liquidations of more than $94 million in bitcoin positions, with the majority ($85 million) being longs. liquidations occur when a trader’s position is forcibly closed due to insufficient funds to cover losses.

Will Sheehan, founder of data provider Parsec, noted a surge in DeFi liquidations as well at around $2 million, stating it’s the first time in more than a year that “retail has been getting leveraged on-chain.” Within derivatives markets, funding rates for bitcoin, ether and other cryptocurrencies dropped below +0.01% today — down from over +0.1% observed in the past few weeks — indicating reduced demand for leveraged longs, per CoinGlass data. Heading towards 2024, analysts maintain a positive outlook on cryptocurrency. Experts at investment management firm VanEck predict Bitcoin will achieve new all-time highs by the fourth quarter of next year. This optimism is driven by expectations for the upcoming Bitcoin halving event.

Source

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09 декабря 2023 17:57

📊 Ether, Solana Hit 19-Month Highs as Bitcoin Rally Halts with Traders Fearing 'Bull Trap'

Bitcoin's (BTC) rally halted Thursday, ceding the stage to cryptocurrency majors ether (ETH) and solana (SOL) which led the crypto rally after surging to fresh 19-month high. BTC dipped to $43,000 during the day following its breakneck climb to near $45,000 earlier this week, suggesting that traders took some profits after the largest crypto's breakout from $38,000 a week ago. Recently, bitcoin was changing hands at around $43,300, down 1.1% over the past 24 hours.

ETH, meanwhile, popped 5% over the same period and hit $2,372, its highest level since May 2022. Its rally drove up the prices of other ETH-adjacent cryptocurrencies, making them the best performers of the day. Ether classic (ETC) appreciated 6%, while liquid staking protocol Lido's governance token (LDO) increased by over 11%. Solana (SOL) jumped over 8% to $69, the highest since May 2022, following a three-week cool-off since its mid-November local top. Arthur Hayes, crypto investor and BitMex exchange founder hinted at a $100 price target, speculating about a bullish weekend for altcoins in social media platform X (formerly Twitter) post on Tuesday.

Source

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31 декабря 2023 18:14

💰 Bitcoin Miners' December Delight: Record $1.51 Billion Revenue Surges Amid Onchain Fee Frenzy!

As 2023 bids farewell, Bitcoin miners are celebrating a resounding success in December, smashing records with a staggering $1.51 billion in revenue. This triumph not only eclipses the previous peak in May but also spotlights the growing role of onchain fees in the dynamic world of cryptocurrency.

📈 December's Triumph: Exceeding May's $919.22 Million Milestone!

December's stellar performance surpasses the former record set in May, where miners accrued $919.22 million. The grand total, inclusive of a substantial $324.83 million in onchain fees, showcases a remarkable 64.27% growth, equivalent to an additional $590.78 million.

🚀 December's Surge: 1.64 Times Greater Than May's Record!

In a testament to the robustness of Bitcoin mining, December's achievement stands 1.64 times greater than May's record. Fueled by the increasing prominence of onchain fees, Bitcoin reaffirms its position as a trailblazer in the digital finance landscape.

🔗 Skyrocketing Transaction Rates: December's Crypto Skyline!

According to bitinfocharts.com, December's onchain transaction rates reach new heights. The average fee escalates to 231 satoshis per virtual byte (sats/vB), translating to $20.86 per transaction. On December 31, 2023, the median-sized fee records at $9.60 per transaction or 106.3 sats/vB.

Source

@TradeCryptoNow

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31 декабря 2023 06:44

💰 Bitwise Unveils $200 Million Masterplan for Spot Bitcoin ETF Launch! 🚀

In a groundbreaking move towards expanding the cryptocurrency market, Bitwise, a prominent player in the crypto space, has just filed an amended S-1 with the U.S. Securities and Exchange Commission (SEC) for their spot bitcoin exchange-traded fund (ETF). Brace yourselves for the dawn of a new era as Bitwise's spot bitcoin ETF gears up for launch, proudly bearing the ticker symbol BITB.

🌐 Global Game-Changer: BITB on the Horizon!

According to the official filing with the SEC, Bitwise has struck a chord with an unnamed entity that's eager to take the plunge, expressing an interest in acquiring a whopping $200 million worth of shares in this groundbreaking offering. These shares can be snapped up either through authorized participants or in the vibrant marketplace via dynamic broker-dealers.

📈 Bullish Momentum: Potential Investor Buzz on the Rise!

In response to this seismic development, Bloomberg ETF analyst Eric Balchunas couldn't contain his excitement and shared his insights on the situation via the ever-popular social media platform X. The crypto community is buzzing with anticipation, and the potential for a $200 million investment has sent ripples through the digital asset landscape.

🚨 Bitwise's Cautionary Note: A Prudent Approach Amidst the Hype

Bitwise, being a responsible trailblazer in the crypto frontier, has issued a cautious reminder amidst the soaring enthusiasm. While the unnamed entity has expressed keen interest, it's crucial to note that these indications of interest are not set in stone. The potential purchaser may decide to adjust their investment, making the final decision to acquire more, fewer, or no shares at all.

Source

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30 декабря 2023 06:29

🚨 CatalX Takes Swift Action Following Cybersecurity Breach - Platform Security Beefed Up! 🚀🔒

In a recent turn of events, CatalX CTS, the force behind Catalyx, confronted a cybersecurity breach believed to involve internal elements, as outlined in their official press release.

🛡️ Immediate Response: CatalX acted promptly, hitting the pause button on both trading and withdrawals to conduct a thorough investigation and safeguard user assets.

🕵️‍♂️ Expert Forensics: Bringing in renowned audit and consulting giant Deloitte, CatalX aims to leverage their expertise for an exhaustive forensic analysis, unraveling the intricacies of the breach.

💼 Impact Evaluation: Although specifics on the extent of the loss are yet to be disclosed, it's confirmed to impact a section of crypto assets held on behalf of clients. The company promises transparent updates.

📅 Regulatory Hurdle: Adding to the challenge, the Alberta Securities Commission has issued a cease trade order effective immediately, lasting until Jan. 5, 2024, posing a temporary setback.

🔒 Fortifying Security Measures: CatalX reassures users of reinforced security protocols, ensuring a robust defense against potential threats and demonstrating an unwavering commitment to user protection.

Source

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29 декабря 2023 06:14

💰 Bitcoin ETF Buzz: Brace for Market Turbulence Post-Approval, Warns CryptoQuant! 🌊📉

Hold on tight, crypto enthusiasts! CryptoQuant sends out a signal of caution, hinting at potential market turbulence after the anticipated approval of a Bitcoin spot ETF. Get ready for a rollercoaster ride in the crypto realm! 🎢💹

The latest analysis suggests a "sell the news" scenario as traders' unrealized profits hit levels historically associated with corrections. Will the crypto market experience a seismic shift soon? 📉🌐

While the approval of the ETF is seen as a positive development, CryptoQuant's warning suggests a short-term dip before the anticipated surge. Are you prepared for the potential market shake-up? 🚀🤔

CryptoQuant's note points to the 30% unrealized profit margins for short-term Bitcoin holders, a historical indicator that often precedes corrections (watch out for those red circles). Buckle up for possible crypto market waves! 🔄💸

Source

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28 декабря 2023 06:13

🔵 Vitalik Buterin's Ethereum Evolution: A Simpler Proof-of-Stake Design Unveiled! 🚀🔄

Hold on to your crypto hats! Ethereum co-founder, Vitalik Buterin, has just unveiled a groundbreaking proposal to simplify Ethereum's proof-of-stake (PoS) design. 🤯💎

In a visionary move, Buterin suggests a transformative design tweak that slashes the required signatures per slot to a mere 8192. The goal? To lighten the load on the Ethereum network and streamline the PoS consensus mechanism. 🚀🌐

The crux of the matter lies in the increasing workload for validators, who play a crucial role in keeping the network operational. As more validators join, the signature generation escalates, potentially burdening the system. Buterin's proposal aims to keep Ethereum's operation smooth, efficient, and scalable. 📈💡

Source

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27 декабря 2023 05:12

🚀 Crypto Boom in K-Drama Style: South Korea's Bitcoin Buzz Reaches New Heights! 🌟🇰🇷

🔥 The stage is set, and the Korea Premium Index (KPI) takes the spotlight, giving us a front-row seat to the electrifying 'Kimchi Premium' dance in the world of crypto! 🎤💰

📈 Watch the KPI rise, signaling a bullish crescendo as South Korean traders turn up the tempo, fueling a surge in crypto prices on local exchanges. It's a symphony of buying excitement! 🚀🌐

📉 When the KPI takes a dip, it's a subtle note of caution, suggesting a bearish undertone. Will the rhythm of the market change, or will it continue to dance to the crypto beat? 🎢📉

⏪ Let's rewind and feel the vibe: The 14-day moving average mirrors the golden era of Bitcoin's 2021 peak, adding a nostalgic twist to the current crypto saga. 🔄🌟

Source

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26 декабря 2023 05:42

🌐🚀 Crypto on the Horizon: 2024 to Witness Surge in Institutional Investors! 📈💼

Big players are gearing up for a crypto boom in 2024, and analysts predict a significant spike in interest from institutional investors. 🌟🔍

👉 Driving Factors:
- 🚀 *Spot Bitcoin ETF Approval:* The potential green light for a spot bitcoin ETF is set to unleash a wave of institutional interest, creating new avenues for investment.
- 📉 *Anticipated Fed Rate Cuts:* Analysts foresee U.S. Federal Reserve rate cuts acting as a catalyst, drawing institutions into the crypto sphere.
- 📚 *Regulatory Clarity:* Greater regulatory clarity is a game-changer, offering a secure framework for institutions to navigate the crypto landscape.

📊 Early Signs: The momentum has already begun! Data from Deribit's derivatives exchange indicates a surge in institutional activity since October 2023. 📈💹

🗣️ Insider Insights: Luuk Strijers, Deribit's Chief Commercial Officer, notes the strategic moves of seasoned players from traditional markets, positioning themselves for a more active role in 2024. 🎯📅

📈 Snapshot Summary:
- 🌐 2024 foreseen as a pivotal year for increased institutional crypto involvement.
- 📈 Deribit's data reveals a surge in institutional activity since October 2023.
- 🚀 Spot Bitcoin ETF approval, Fed rate cuts, and regulatory clarity drive institutional interest.

Source

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25 декабря 2023 02:28

⚪️ Curve Finance Bounces Back: Full Reimbursement After July Exploitation! 💎🚀

In a remarkable turn of events, Curve Finance successfully rebounds from the July 30th exploit, where four pools fell victim to a re-entrancy bug, courtesy of the Vyper programming language. The exploit led to a staggering $73.5 million loss.

🔒 Swift Response to Crisis: Following the breach, the community swiftly rallied. Curve Finance took the lead, extending an olive branch and proposing the incident be treated as a white hat operation. The offer? Return 90% of the stolen funds.

🌐 Hacker Chase: The community, backed by genuine white hat heroes, embarked on a pursuit to reclaim what was taken. A commendable effort resulted in the recovery of approximately $52 million, which was promptly returned to the exchange.

💡 Community Decision: With a portion of the funds recovered, the Curve community engaged in deliberations. The question at hand: Should users be reimbursed, and if so, what's the best approach? A democratic process unfolded to determine the path forward.

🌈 Rebuilding Trust: The full reimbursement signifies not just financial recovery but a testament to the resilience of the Curve Finance community. The commitment to transparency and user trust takes center stage in this remarkable comeback story.

💪🏽 Strength in Unity: The community's united front in overcoming adversity paints a vivid picture of collective strength. As Curve Finance emerges from the shadows of exploitation, it sets a precedent for resilience and unity in the face of challenges.

Source

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23 декабря 2023 14:11

🪙 Ethereum Developers Target January for First Testnet Deployment of Next Big Upgrade, 'Dencun'

Ethereum developers are heating up their testing process for the upcoming Dencun upgrade, a major milestone expected next year that would add capacity for data storage via a new process known as "proto-danksharding.". Developers also discussed a draft timeline for the Dencun testing upgrade, aiming to run through another test network, Sepolia, on Jan. 31, the Holesky testnet on Feb. 7, and then proceeding to deploy the changes on mainnet around the end of February.

In a biweekly call Thursday, the developers discussed that they are targeting Jan. 17 for the Goerli test network (testnet) to run through Dencun, the much-anticipated upgrade that will enable “proto-danksharding,” which reduces fees for layer 2 rollups and scale the blockchain by increasing space for “blobs” of data. “Obviously if we find a major issue or something crazy before then we can always cancel,” Tim Beiko, protocol support lead at the Ethereum Foundation said on the call. “This would mean ideally we’re putting out the blog post for the fork sometime during the week of Jan.uary 8th, so people have at least a week to update.”Dencun was originally targeted for the last quarter of 2023, but the developers pushed it back to 2024, citing the engineering complexities of the upgrade.

Source

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20 декабря 2023 08:55

📣 Galaxy Digital Looking to Buy More Crypto Bankruptcy Assets After Deal to Sell FTX's Coins: FT

Galaxy Digital (GLXY), the cryptocurrency financial services firm headed by Mike Novogratz, is looking to buy more assets from bankrupt crypto companies after securing a deal to sell bitcoin and ether owned by crypto exchange FTX on behalf of the estate's management, the Financial Times reported. That deal, from August, tripled Galaxy's assets under management to $5.3 billion, according to the FT.

Galaxy's global head of asset management, Steve Kurz, told the FT it is looking to repeat the experience with other bankrupt companies. That includes firms FTX invested in as a venture capital provider. In December last year, the New York-based company won an auction to buy self-custody platform GK8 from bankrupt crypto lender Celsius Network. "We have a crypto venture team that has been investing off our balance sheet for five years," Kurz said, according to the newspaper. "The record that we have on that side of our asset management business means we'd be a good candidate for something like that."

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17 декабря 2023 19:08

🪙 Tether Releases Letters Sent to US Senate Committee: Details

Tether, the company behind the largest stablecoin, has released the two letters it had sent to the US Senate Committee on Banking, Housing, and Urban Affairs and House Financial Services Committee. The letters are specifically addressed to pro-Bitcoin Senator Cynthia Lummis and Rep. French Hill. The main goal of Tether’s letters is to address issues raised by both Lummis and Hill regarding the alleged use of stablecoins in illicit activities, such as funding terrorism and money laundering.

The company added that it is “fully committed to the fight against terrorist financing, compliance with the Bank Secrecy Act and U.S. Sanctions Laws, and meeting the highest levels of customer due diligence and rigorous transaction screening.” The letter also outlined Tether’s recently implemented policy that allows it to freeze wallets and assets supposedly linked to illegal activities. The recently appointed CEO, Paolo Ardoino, said his firm is grateful for the possibility of addressing these issues with the US government. He added that Tether aims to be a “world class partner” of US authorities as they “continue to assist law enforcement and expand dollar hegemony globally.”. Tether is the largest stablecoin issuer.

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15 декабря 2023 08:03

🇷🇺 Crypto Exchange CoinList Settles OFAC's Russian Sanctions Allegations for $1.2M

Crypto exchange CoinList paid $1.2 million to settle U.S. Office of Foreign Assets Control allegations it allowed users in Crimea, a Ukrainian peninsula annexed by Russia, to use the platform. CoinList "opened 89 accounts for customers, nearly all of whom had specified 'Russia' as their country of residence but all of whom provided addresses in Crimea upon account opening," the OFAC notice reads. "Screening protocols failed to recognize that ‘Crimea’ or a city name in Crimea, provided in another data field, indicated likely residence in Crimea."

Russia invaded Crimea in 2014, and most countries still see the region as part of Ukraine. The occupation led to the imposition of sanctions on Russia. OFAC said that the fine was significantly lower than the potential maximum of nearly $327 million because of CoinList's past compliance, cooperation and the small number of transactions involved relative to the exchange's total volume. “This enforcement action further emphasizes the importance for virtual currency companies and those involved in emerging technologies to incorporate risk-based sanctions compliance into their business functions, especially when the companies seek to offer financial services to a global customer base,” OFAC said in a media release.

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13 декабря 2023 08:08

🏦 Coinbase looks toward diamond-handed institutions with new digital-asset project launch

Coinbase and Coinbase Asset Management have launched “Project Diamond” — a smart contract-powered platform designed to enable institutions to create, manage, buy and sell a range of digitally native assets directly on-chain. Coinbase Asset Management said Project Diamond’s initial use case will be confined to registered institutional users outside of the U.S. It works by leveraging Coinbase Prime custody, Coinbase’s web3 wallet.

The platform executed its first digital debt instrument on Nov. 10 as a feasibility demonstration for the UAE’s Financial Services Regulatory Authority. The demonstration was made in preparation for entering the Abu Dhabi Global Market RegLab, having received in-principle approval to conduct regulated activity within the sandbox. The ADGM RegLab is a specially tailored regulatory framework providing a controlled environment for FinTech participants to develop and test innovative solutions, according to its website. Project Diamond aims to bridge this gap — with its initial digital discount note demonstration, denominated in USDC, transacted within a single application at near-instant settlement speed on Base, Coinbase added.

Source

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11 декабря 2023 16:52

🇬🇧 UK FCA crypto skills gap is causing slow enforcement, says National Audit Office

The National Audit Office (NAO) in the United Kingdom has raised concerns about the effectiveness of the Financial Conduct Authority (FCA) in regulating the cryptocurrency industry. In a recent report titled “Financial services regulation: adapting to change,” the NAO has claimed that the FCA is being slow to respond and take action against illicit activities in the crypto industry.

The NAO highlighted that it took the FCA almost three years to take action against illegal operators of crypto ATMs. On July 11, Cointelegraph reported that the FCA had shut down 26 crypto ATMs as part of a coordinated investigation. The NAO claims that the delay in registering crypto firms seeking regulatory approval from the FCA was attributed to the absence of specialized crypto personnel. “For example, a shortage of crypto skills meant the FCA took longer than planned to register crypto-asset firms under money laundering regulations,” the report state. On Jan.27, Cointelegraph reported that the FCA approved only 41 out of the 300 crypto firm applications seeking regulatory approval since the rules were implemented in January 2020.

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08 декабря 2023 17:50

💰 Bitcoin price could potentially rise above $50,000 in early 2024: CryptoQuant

A CryptoQuant report predicted Bitcoin could potentially exceed $50,000 early in 2024, from its current price of $43,000. The prediction is based on analyzing Bitcoin’s user activity, using the Metcalfe price valuation band metric, considering factors like market capitalization, transaction volume, and user activity. The report suggested Bitcoin’s target price range could be $50,000 to $53,000 early next year.

"Bitcoin may be targeting $50,000 to $53,000 based on the network activity valuation perspective," CryptoQuant analysts said. CryptoQuant analysts noted that Bitcoin’s supply in profit is above 88%, and sell pressure may be increasing as a significant portion of circulating supply is in profit. The report, therefore, cautioned of potential short-term corrections, noting that high levels of circulating supply in profit often align with local market tops. The report referenced the “bitcoin bull-bear market cycle indicator,” indicating a current bull market but nearing an “overheated bull phase” which historically aligns with price rally pauses or corrections.

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