Day: December 19, 2023

El Hippo burns $150,000 worth of HIPP

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. El Hippo meme coin project is burning $150,000 worth of HIPP on Dec. 19, representing 2% of the total supply. The burn is weeks after listing on Bitget and prices rallying to an all-time high. HIPP price consolidates after retracing from an all-time high El Hippo prices soared to an all-time high in December 2023, reaching $0.0000000133, a 460% increase after launching in August.  El Hippo has been successfully listed…

Matrixport Says 95% Chance Of Bitcoin Spot ETF In January, Sets BTC Price Target

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The anticipation around a potential approval of a Spot Bitcoin ETF is still high among crypto investors. This anticipation has been one of the main drivers of the price rally that has been witnessed over the last two months. Despite the United States Securities and Exchange Commission (SEC) postponing its decision on multiple spot ETF filings, industry experts remain very positive that the regulator is on the verge of approving the first Spot Bitcoin ETF. Bitcoin Spot ETF Coming In January 2024 Many experts have revised their expectations for if…

Eyes On $50,000: Bitcoin Poised For Major Rally Amid Spot ETF Optimism

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Crypto analyst Michael van de Poppe has recently shared his latest Bitcoin price prediction on X. Van de Poppe has now set his sights on new heights for the flagship cryptocurrency. In a recent post, the analyst expressed confidence that Bitcoin has concluded its corrective phase and is primed to test the $47,000-$50,000 range soon. Van de Poppe’s optimism stems from a critical market development: the potential approval of spot BTC exchange-traded fund (ETF) by major financial entities like BlackRock, Fidelity, and Ark Investment. This anticipated move, widely supported by…

Spot Bitcoin ETFs a game-changer

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MicroStrategy executive chairman Michael Saylor recently emphasized the potential impact of upcoming spot Bitcoin ETFs on the markets. In a Bloomberg TV interview, Saylor asserted that this development could be the most significant on Wall Street in three decades, drawing a parallel with the introduction of the S&P 500 ETF. According to Saylor, mainstream investors have lacked a “high bandwidth” compliant channel for investing in Bitcoin, a gap that the spot Bitcoin ETF is poised to fill. “Spot Bitcoin ETFs may be the biggest development on Wall Street in the…

KuCoin Labs partnering with BRC20 tool Biis

KuCoin, a global cryptocurrency exchange, and Biis, a BRC20 tool aggregator, have announced a partnership to improve how users interact with BRC tokens. According to the Dec. 18 announcement, Biis, a versatile tool aggregator within the BTC ecosystem, provides features such as batch distribution, collection, and cross-chain tools, facilitating digital asset management and improving efficiency for BRC20, 420, 721, and 100 operations.  KuCoin Labs Announces Its Strategic Partnership with Biis, an Innovative BRC20 Tool Aggregator, to Further Support the Development of BTC Ecosystem – https://t.co/R4I8w7WEKl — KuCoin Labs (@KCLabsOfficial) December 19,…

Dogecoin Whales Are On The Move: A Worrying Sign?

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On-chain data shows the Dogecoin whales have made some big moves in the past day, a sign that could be worrying for the asset’s price. Dogecoin Whales Have Made Many Moves During The Last 24 Hours According to data from the cryptocurrency transaction tracker Whale Alert, a few large DOGE moves have been spotted on the blockchain during the past 24 hours. All four of these transfers are on the scale of millions in USD, suggesting that whale entities may have been behind them. The whales refer to the largest…

7 Predictions About the Crypto Lending Landscape in 2024

The approval of spot bitcoin ETFs will lead to a massive expansion in the bitcoin lending markets, as traditional finance and crypto market-makers alike will be able to arbitrage price differences between various investment vehicles as well as spot BTC prices. Until recently, some of the larger TradFi market makers had not participated in crypto or bitcoin because the arbitrage opportunities necessitated them getting involved in unregulated venues. With spot bitcoin ETFs available in places like Nasdaq, bitcoin derivative products in the Chicago Mercantile Exchange and spot bitcoin in regulated…

How Asia Drives the Next Crypto Bull Market

The enthusiasm for crypto in Asia is hard to miss. A stark contrast was visible between less vibrant fall conferences in the States and the buzzing scenes at Korea Blockchain Week and Token2049 in Singapore. Cities like Bangkok, Ho Chi Minh City, Jakarta, Manila, and Kuala Lumpur, not to mention a handful of large Indian cities, are home to substantial developer communities and flourishing Web3 scenes, bolstered by government support and enterprise adoption. The thriving environment at Token2049, in Singapore, the real capital being deployed by APAC investors into crypto…

The Bitcoin Fee Flippening Is Upon Us

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What people should think about more than anything is that Bitcoin is integral to a decentralized, prosperous and fair future for all, and anything else that claims to be a better alternative, like Ethereum, could be considered a DDOS attack. At the end of the day, a truly decentralized and sound monetary network will eat the lunch of a preminded, centralized alternative any day. Original

FTX Values Claims of Creditors Based on Prices of Digital Assets During Collapse of Exchange

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Recent court documents indicate FTX’s creditors’ digital asset claims will be based on the near-bottom crypto prices at the time of the disgraced exchange’s collapse back in November 2022. A recent disclosure statement shows that FTX’s lawyers are proposing that claims regarding digital assets will be calculated and processed by converting the value of the crypto into cash based on the exchange rate on November 11th, 2022, the day the now-defunct exchange commenced its Chapter 11 case. Crypto prices had cratered at the time due to the FTX turmoil and…