Day: December 31, 2023

Simple Table of Contents Demo Article

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SEC may approve Bitcoin ETF for imminent launch: here’s when

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Speculations about the ETF approval’s potential effects on Bitcoin (BTC) have been widespread. Greeks.live, an options platform, provides insights into how the exchange-traded fund could influence the value of the leading cryptocurrency. Potential Bitcoin ETF approval imminent The U.S. Securities and Exchange Commission (SEC) is reportedly set to inform asset managers seeking to launch a spot Bitcoin (BTC) ETF about the approval status of their applications as early as next week. A seasoned trader, renowned for accurately predicting the year’s crypto breakout, now provides insights on Bitcoin’s optimal trajectory post potential…

Vitalik Buterin reveals 6 main focuses for Ethereum in 2024

Ethereum co-founder Vitalik Buterin has released an updated roadmap for the network’s plans in 2024. Buterin shared the roadmap on Dec. 30 in a series of posts on X, where he confirmed it will only include minor changes from the previous year. The six main focuses for Ethereum (ETH) in 2024, as outlined by Buterin, include the merge, the Surge, the Scourge, the Verge, the Purge, and the Splurge. The Merge, a major element of the roadmap, aims to maintain a straightforward and robust proof-of-stake (PoS) consensus. This element was…

A How To Guide On Riding The Wave Of Inflows

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Every bull run starts with a spark of capital inflows, something that excites those watching enough to cause FOMO. As a result of that FOMO, traders & paper holders get emotional about holding “this damn coin that just does nothing,”. All while watching others straight line up, then dump their positions at magically the wrong time. It’s not about capturing the first wave of face melting profits. It’s about using that as an indicator to see how these things have actually worked out. There is one catch, however. You should…

MicroStrategy buys BTC, Trump transfers ETH to Coinbase, spot ETF drama continues, Zhao grounded

This week, business intelligence firm MicroStrategy augmented its Bitcoin (BTC) stash with $615 million. The drama surrounding the spot BTC ETF continued, while, a U.S. court affirmed that Binance founder Changpeng Zhao remains in the country until his sentencing. MicroStrategy accumulates, Trump distributes MicroStrategy continued its Bitcoin buying spree on Dec. 27 when the firm purchased an additional 14,620 Bitcoin at an average price of $42,110 per token, according to chairman Michael Saylor. The company now holds 189,150 Bitcoin currently valued at $7.99 billion. MicroStrategy procured these tokens at an…

Top cryptocurrencies to watch this week: BSV, BCH, FTT

This week featured mixed sentiments amid a consolidation phase, with the global cryptocurrency market cap dropping from $1.66 trillion to $1.65 trillion. Some assets bucked the trend, while others succumbed to bearish pressure. Top cryptocurrencies — Bitcoin SV (BSV)  Bitcoin Cash (BCH) and FTX Token (FTT) — stood out. BSV crosses $100 Bitcoin SV was one of the best performers this week, but its early price movements were not entirely encouraging to market watchers. The token began the week with a 4% increase, but shed off these gains when it…

Bitcoin ATM innovator CoinFlip to look beyond kiosks in 2024

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As the founder and chairman at CoinFlip, Daniel Polotsky is keen on taking his startup to the next level. The Chicago-based company grew from humble beginnings in a college dorm to become the largest network of Bitcoin ATMs by volume in the U.S. But nearly a decade after it launched, the cryptocurrency industry looks completely different. For every bit of excitement, there’s scrutiny — especially in the kiosk business. Still, the time is ripe for a global push, Polotsky says. Here’s what the 29-year-old entrepreneur told crypto.news about the next…

Analyst Predicts Bullish Scenarios In The Coming Days

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Crypto analyst EGRAG crypto recently posted an analysis of the various scenarios for the price trajectory of XRP in the near future. XRP, like most top cryptocurrencies, has received many price predictions in the past few months, as the entire crypto market witnessed a consistent increase in activity throughout the fourth quarter of 2023. However, predicting the future outlook of cryptocurrencies can be a very tricky endeavor, but this crypto analyst, known for his bullish stance on XRP, outlined different trajectories for XRP in the coming months, with some of…

major milestones of 2023 and forecast for 2024

Taxes and cryptocurrency remain a pretty intricate topic. Here, we will explore the current state of crypto tax and what investors can expect in 2024. In the crypto world, simply holding on to your digital assets, often called ‘HODLing’ by the community, does not incur any tax obligations in almost every jurisdiction. However, any profit derived from crypto-related activities, including lending, staking, or selling, could potentially result in some taxation. How is crypto taxed? In the U.S., the Internal Revenue Service (IRS) categorizes all cryptocurrencies as capital assets, meaning that…

Worldcoin (WLD) Gains By 10% Following Singapore Debut

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Worldcoin (WLD), the brainchild of OpenAI CEO Sam Altman, has experienced a significant level of positive traction in the past month. Notably, Worldcoin gained by over 50% in mid-December to attain an all-time high of $4.6. Although the token soon fell from these heights trading at $3.35 on December 25, it appears that WLD may be gathering momentum for another bullish breakout. Singapore Launch, Among Others Spurs Interest In Worldcoin According to data from CoinMarketCap, Worldcoin has gained by 9.68% in the last seven days, signifying a steady rise in…