Day: December 1, 2023

KuCoin pledges $20K grant to TON Foundation for ecosystem development

boss

KuCoin Ventures, the venture arm of Seychelles-registered crypto exchange KuCoin, will provide grants to The Open Network (TON) blockchain platform, including an initial $20,000, to support the growth and expansion of the TON ecosystem. According to a Dec. 1 statement, the funding will support TON ecosystem projects, including five payments or game finance (GameFi) platforms, research and development efforts, community-building, marketing activities and incubation initiatives, such as the TON Bootcamp. Ian Wittkopp, accelerator head at TON Foundation, said the grants from KuCoin aid them in continuing to support real-world blockchain…

Top Analyst Says Potential Spot Bitcoin ETF Approval Could Happen between January 5 and 10, 2024

With the heightened crypto regulatory crackdown and the US SEC’s change of attitude towards the industry, Bloomberg analyst argues all 12 applications will be approved in early January. The Bitcoin (BTC) bullish narrative that began in October is expected to continue in the coming weeks after the flagship crypto asset opened December on a high note. During the early New York trading session on Friday, Bitcoin price reached a new yearly high of around $38.8k, thus rejuvenating the $40k narrative before the end of the year. Moreover, Bitcoin price had…

A case for Web3 chat apps with Push Protocol’s Harsh Rajat

boss

Episode 39 of Hashing It Out features an interview with Harsh Rajat, founder and project lead of Push Protocol, who talks about the Ethereum ecosystem and the future of on-chain chat apps. In the episode, Rajat explains why Web3 messaging apps will lead the next wave of crypto adoption and the need for Web3 communities to pivot from Web2 tools and become fully on-chain.  Rajat articulates that his innovations in the cryptocurrency industry were inspired by his background working on mobile applications. He explains that he compared Web2 and Web3…

Bitcoin (BTC) Price Hits $38.8K for First Time in Over a Year

Microstrategy (MSTR), the largest corporate holder of bitcoin (BTC), boosted its holdings in November, buying some 16,130 BTC, worth around $608 million at Thursday’s prices. The Michael Saylor-founded software developer bought the bitcoin for around $593.3 million in cash at an average price of about $36,785 apiece, according to a regulatory filing. It now holds 174,530 BTC bought at an average of about $30,252 per coin. The November purchases mark an acceleration in the firm’s bitcoin buying activities. As of end-October, MicroStrategy held 158,400 BTC, having acquired 6,607 BTC since…

Matrixport Report: Bitcoin Price to Hit $125,000 by End of 2024 

According to Matrixport, Bitcoin would rise close to its current all-time high by April, and hit $125K by end of 2024. Matrixport’s latest report predicts that the price of Bitcoin (BTC) will hit $125,000 by the end of 2024. The firm’s analysis hinges on a combination of historical data and market trends. These factors indicate the potential for a surge in price for the world’s leading cryptocurrency. Backed by insights into Bitcoin’s fifth bull market, Matrixport’s prediction adds to many other optimistic projections, emphasizing several factors. These factors include institutional interest, macroeconomic…

KyberSwap Hacker Demands Full Control of Company

Both parties failed to reach an agreement on the safe return of the stolen assets despite Kyber offering the hacker 10% of the funds, which amounted to $4.3 million.  The hacker behind the $46 million exploit on KyberSwap, a decentralized exchange that allows users to send and receive different cryptocurrencies, issued an ultimatum for the return of the digital assets stolen from the protocol on November 23. According to an on-chain message sent to the company on Thursday, the black hat hacker laid out demands for the safe return of…

An unidentified address accumulates over 12k BTC in a month

The whale accumulated the assets in just 30 days, according to data from Arkham Intelligence. The address was created on Nov. 1, 2023 and since then it has received Bitcoin every day from different addresses in large quantities. The first sender was a wallet associated with the BitMEX exchange. Source: Arkham Intelligence The active accumulation of Bitcoin by one address quickly attracted the attention of the community. Taking to X, Wealth Mastery founder Lark Davis speculated institutional investors may be trying to “get ahead” of the approval of a BTC-based…

US to Delay Approval of Proposed Crypto Bills until Early 2024

Republicans had hoped to get US crypto legislation through the House in 2023. However, now 2024 seems to be a more likely period. The introduction of comprehensive regulatory frameworks for cryptocurrencies in the United States has taken an unexpected turn, with lawmakers now eyeing 2024 as the prospective timeline for House approval of the bill. After months of waiting for the potential green light on two proposed regulations aimed at policing stablecoin issuers and the entire crypto market, US Rep. French Hill (R-Ark.), the chairman of the House Financial Services…

Bitcoin could reach $125,000 by end of 2024, Matrixport forecasts

boss

Analysts at Matrixport believe that Bitcoin can reach $60,000 by April 2024 and double that price mark by the end of that year. The year of 2023 was the first bull year in a series of cycles, which usually come after bear markets hit crypto prices, analysts at Matrixport said in a recent blog post. According to their estimations, the latest bear market is now over, given that Bitcoin (BTC) saw a 123% increase in value in 2023. Bitcoin during 2012, 2016, and 2020 (Bitcoin halving and US election years)…