Day: December 15, 2023

Navigating this bull market and securing profit will be tougher than it seems

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Strategically navigating the cryptocurrency market when it surges isn’t just a skil. It’s an art. Volatility is constant. Volatility measures the price movements of assets and demands a sophisticated approach from players in the market. Similar to the ebb and flow of tides, it can be navigated strategically. Decoding the dynamics of market surges Bitcoin (BTC) peaked at $69,000 during the 2021 bull run, while Ether (ETH) did the same at $4,800. Despite the market hitting an all-time high of $3 trillion in market capitalization, that figure sits a little…

Dogecoin Miners Dump 240 Million Tokens, Can DOGE Price Still Recover To $0.2?

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Dogecoin began a recovery with the rest of the crypto market in October and by December, the altcoin’s price would rise to a local peak of $0.107. Amid this recovery, DOGE miners have been selling off a significant portion of their holdings, which could explain the decline in the asset’s price earlier in the week. Dogecoin Miners Sell $25 Million Worth Of Tokens Dogecoin miners are some of the largest holders of DOGE with their holdings running into the billions. So any significant activity from them in one direction or…

Arbitrum network went offline for 78 minutes because of inscriptions

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Ethereum layer-2 network Arbitrum One has experienced an outage on December 15 for approximately 78 minutes, but is now back online, according to a statement made by the network’s Discord community manager, Ricardo “Gordan.” Gas fees on the network are still abnormally high, but should “normalize”  Message from Arbitrum community manager. Source: Arbitrum Discord. The sequencer “stalled” at 10:29 am ET (13:29 UTC) during a “significant surge in network traffic,” according to an alert that was posted to Arbitrum’s official status page. At 5:58 pm UTC, Arbitrum’s block explorer, Arbiscan,…

Watchdog group doubles down on Circle-Tron money laundering claims

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Nonprofit ethics group Campaign for Accountability (CfA) has doubled down on its money laundering claims against Circle, publishing a new open letter on Dec. 14 claiming that the USDC issuer is facilitating the funding of terrorist organizations. NEW: This morning, CfA sent a letter to @SenSherrodBrown and @SenWarren highlighting incomplete & misleading information shared by stablecoin-issuer Circle in response to previous concerns that CfA raised about its operations.https://t.co/88urQqriKF — Campaign for Accountability (@Accountable_Org) December 14, 2023 CfA originally made these claims on Nov. 9 in a letter to U.S. Senators…

Core Revolutionizes Wallet Creation with Seed Abstraction Feature

Core’s Seed Abstraction offers a seamless cross-chain experience. Users can employ Core-generated seeds across a spectrum of blockchains. In a groundbreaking move for the crypto space, Core Wallet has introduced an innovative approach to wallet creation with its Seed Abstraction feature. According to a press release shared with Coinspeaker, this pioneering technology eliminates the need for cumbersome seed phrases, providing users with a more accessible and user-friendly experience without compromising on security or custody. The Core Seed Abstraction Innovation: Universal Solution Traditionally, seed phrases have been a fundamental aspect of…

Spot Bitcoin ETF approval to propel BTC to $1M in ‘days to weeks,’ says Samson Mow

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Bitcoin (BTC) will likely reach $1 million in the “days to weeks” following the approval of a spot BTC exchange-traded fund (ETF), according to Jan3 CEO Samson Mow.  “You’re hitting a very limited supply of Bitcoin on the exchanges and available for purchase with a torrent of money,” Mow said, referring to the inflow of institutional capital that is expected following a potential spot ETF approval.  “This is why you can go really high all at one time,” he added. Commenting on a similar $1 million-per-Bitcoin prediction by entrepreneur Balaji…

SEC denies Coinbase’s plea for clear crypto regulations

According to a Dec. 15 release, the U.S. Securities and Exchange Commission has rejected Coinbase’s request for transparent crypto rules. This follows Coinbase’s filing of a narrow action in federal court that would compel the U.S. Securities and Exchange Commission (SEC) to respond yes or no to a July 2022 petition asking the SEC to use its formal rulemaking process. Regulating investments by any name On Dec. 15, Chairman Gary Gensler announced the SEC’s denial of Coinbase’s Rulemaking Petition, citing three reasons: existing laws already apply to crypto securities markets,…

The 25 Most Anticipated Books of 2024

These are independent reviews of the products mentioned, but TIME receives a commission when purchases are made through affiliate links at no additional cost to the purchaser. From Drag Race host RuPaul’s memoir to a posthumous novel from Nobel Prize–winning author Gabriel García Márquez, the 2024 books lineup offers something for every reader. In Funny Story, romance novelist and #BookTok darling Emily Henry serves up a feel-good pairing of polar opposites. In The Demon of Unrest, best-selling historical nonfiction writer Erik Larson chronicles the turbulent months leading up to the…

Bitcoin whales aim to reclaim $42K after BTC price dives over 3%

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Bitcoin (BTC) tapped lows beneath $41,700 after the Dec. 15 Wall Street open as BTC price action fielded fresh sell-side pressure. BTC/USD 1-hour chart. Source: TradingView Bitcoin balks at SEC Coinbase rejection Data from Cointelegraph Markets Pro and TradingView showed BTC/USD diving over $1,300 or 3.2% on the day. The largest cryptocurrency, fresh from a recovery from snap volatility the day prior, failed to hold its ground at $43,000 as Bitcoin bulls were denied upside continuation. BTC price weakness accompanied news that United States regulator, the Securities and Exchange Commission…