Day: December 27, 2023

Talk of spot ETF lifts XRP, whales tracking ETH, INJ, and ROE

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. There has been a lot of talk about the XRP Spot Exchange-Traded Fund (ETF). It’s catching the attention of not just regular traders but also big players on Wall Street.  Yassin Mobarak from Dizercapital added to the excitement, making people discuss XRP’s potential in institutional investments.  Ethereum (ETH), Injective Protocol (INJ), and Borroe Finance (ROE) are also gaining traction, especially among big investors.  XRP ETF potential There is real…

BNB Price Targets $500 as Crucial Resistance Breaks, What’s Behind This Surge?

The Binance Smart Chain has also witnessed a 7% increase in the number of addresses engaging with its dApps over the past 30 days. On December 26, the native cryptocurrency of the Binance Smart Chain registered an 11% increase in price, reaching its highest value since June. This pattern reflects a continuation of the trend that began last week when the price surged from $233 to $277, an 18% increase, before closing around $264. Although the price is currently experiencing a minor retracement from yesterday’s gains, the overall trend appears…

Trading Platform Thunder Terminal Faces $240K Exploit, Says Funds Are SAFU

Thunder Terminal successfully thwarted a $240,000 exploit targeting 114 wallets, ensuring user funds’ security. The incident involved an attacker gaining access to a MongoDB connection URL, executing withdrawals on behalf of users. The on-chain trading platform Thunder Terminal successfully thwarted a $240,000 exploit that targeted 114 wallets on its platform, assuring users that their funds are secure. Despite this, the hacker refutes the claims, labeling them as “all lies” and is now demanding an additional ransom for user data. According to Thunder’s incident report on December 27, no private keys…

Cathie Wood hints at spot Bitcoin ETF approval date

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Cathie Wood thinks U.S. Securities and Exchange Commission (SEC) is likely to approve spot Bitcoin (BTC) ETFs in January, 2024. Ark Invest CEO Cathie Wood believes SEC will approve spot Bitcoin ETFs by Jan. 10, 2024. She believes that this date is the deadline not so much for applicants but directly for the regulator itself. “We don’t want the spot Bitcoin ETF to get the green light if there are any uncertainties the SEC may have. We answer the SEC’s queries individually, and the dialogues are very positive.” Cathie Wood,…

Bitcoin Grabs 13th Spot As World’s Most Valued Currency, Latest Data Show

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In a groundbreaking financial shift, Bitcoin, the world’s original and deeply capitalized cryptocurrency, has swiftly climbed the ranks, securing its place among the top 15 largest currencies globally. Bold, a Bitcoin credit card company, revealed this remarkable feat in December, emphasizing Bitcoin’s uniqueness as the sole crypto in the top 20 currencies of sovereign central banks. Examining the data provided by CEIC and CoinGecko paints a vivid picture of Bitcoin’s extraordinary ascent. On the pivotal date of November 19, Bitcoin’s market capitalization soared to over $835 billion, solidifying its position…

Grayscale Investments’ Top Executives Barry Silbert and Mark Murphy Resign from Board of Directors

In addition to top executives stepping aside from the board of directors, Grayscale Investments also filed an updated spot Bitcoin ETF application with the SEC on Tuesday. Top cryptocurrency investor Grayscale Investments LLC has been preparing to offer spot Bitcoin exchange-traded funds (ETF) in a bid to widen its market share. On Tuesday, the company made several moves to ensure an imminent approval of spot BTC ETF, which is anticipated to happen in the next few weeks. Grayscale Investments announced on Tuesday that its chairman and founder of Digital Currency…

Bitcoin Price Drops to $42,000, Altcoins Face Selling Pressure

On December 26, Bitcoin (BTC) price experienced a downward movement, reaching $42,200, down 2% for the day and marking its lowest point in almost a week. Analysts attributed this decline to seasonal trends affecting BTC prices. Despite the expectation of a “Santa rally” or holiday surprise, Bitcoin bulls were met with continued market struggles over the Christmas period. Material Indicators, a trading resource, commented that the concluding days of 2023 were likely to pose challenges for Bitcoin’s price dynamics. Material Indicators noted: “Year end profit taking and tax loss harvesting…