“This week has witnessed a sideways trend, with bitcoin moving between $40,500 and $43,500 and ether between $2,150 and $2,250,” said Rachel Lin, CEO and co-founder of SynFutures. “Both these coins and the broader market are consolidating near their recent highs following a rapid increase in value during November.” Original
The U.S. Court of Appeals has approved a confiscation order for cryptocurrencies associated with the darknet platform Silk Road. The resolution was adopted on Dec. 20. The court approved the confiscation of 69,370 Bitcoins (BTC) and other cryptocurrencies as part of the Silk Road case. The defendants include Silk Road founder Ross Ulbricht and the U.S. government as plaintiffs. Even though the decision was made in August, it will only come into force after the U.S. Court of Appeals ruling. According to the initial complaint, the U.S. government controlled the…
The media shake-up has intensified amid changing advertising trends fueled by the rise of X platform backed by tech billionaire Elon Musk. Warner Bros Discovery Inc (NASDAQ: WBD) and its media rival company Paramount Global (NASDAQ: PARA) are reportedly in early merger talks, according to people familiar with the matter. The two media houses intend to come together and strengthen their economic outlook amid the changing market landscape. Reportedly, Warner Bros Discovery CEO David Zaslav and Paramount CEO Bob Bakish met on Tuesday to discuss the details of a possible…
The Artificial Intelligence (AI) financial blockchain, Injective (INJ), had its price reach an unprecedented $44 on December 20, capping a year of gains of an astounding 3,200%. The Injective ecosystem’s biggest investors started to increase their holdings after INJ passed its previous all-time high of $22, according to on-chain data. In 2023, INJ started a parabolic climb. The token hit a new all-time high at the end of this sharp rise before somewhat declining. Although there are some indications of temporary weakening, the general outlook is still very optimistic about…
The January launch of a bitcoin (BTC) spot exchange-traded fund (ETF) is expected to face subdued demand initially, which could lead to a ‘sell the news’ scenario, Singapore-based QCP Capital wrote in a recent note. This could result in short-term volatility for bitcoin, which will shift the focus towards ether (ETH). Original
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Following the recent crypto market flash crash, concerns about Bitcoin potentially dropping to the $30k level have surfaced. Investors are expressing fears, but market analysts suggest the current movement was within the last $30k range. Considering this scenario, diverting attention to other altcoins might be a strategic move for the ongoing bull market. Notably, some investors are already in the process of accumulating Injective (INJ), Aptos (APT), and Pullix…
Phantom wallet has unveiled a version that now supports Bitcoin as well as Ordinals and BRC-20 tokens. In a blog post, the Phantom team said the new integrations are currently supported in beta mode to a select number of trusted apps like Magic Eden and UniSat, suggesting users have to manually activate BTC support in their wallets to access the new features. “And regardless if you’re a Solana or Ethereum maxi, or a multichain enjoyooor, there’s no denying that we wouldn’t be here without it.” The Phantom team Launched in…
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The past two months have been a green flag for the broader crypto market in the run-up to the festive season. Although the hype has since cooled down, a few outliers continue to follow the upward trend. NEAR is one of those tokens that aren’t showing signs of cooling down. According to Coingecko, the token is up nearly 8% in the daily, with the biggest jump being at 23% in the weekly timeframe. With this price ascent, NEAR just reached a new high of $2.81. The token hit its all-time…
“We want to build a diverse and inclusive world with no borders, bringing different regions of the world together, and with that vision in mind, a year ago, we started out in India to establish a joint venture,” Sandbox Co-Founder Sebastien Borget told CoinDesk in an interview in India’s southern city of Bengaluru earlier this month. Source