Day: January 5, 2024

BlackRock $10 Million Bitcoin Purchase Will Happen Today, Expert Says SEC Is Backed Into A Corner

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The world’s largest asset manager, BlackRock, is set to make a significant Bitcoin purchase on January 5. This comes as Bloomberg analyst James Seyffart hinted that the Securities and Exchange Commission (SEC) has no choice but to approve the pending Spot Bitcoin ETFs finally.  BlackRock To Purchase $10 Million Worth Of Bitcoin As part of efforts to seed its Spot Bitcoin ETF, BlackRock will purchase $10 million worth of BTC on January 5. The asset manager had earlier scheduled this Bitcoin purchase for January 3. However, it was eventually postponed…

Logan Paul NFT buyback shows celebs can’t ‘play around’ in Web3

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Community members have reacted to YouTuber Logan Paul’s buyback announcement, delivering on his year-old promise to refund the disgruntled investors of his nonfungible token (NFT) project CryptoZoo.  The NFT project was supposed to be a play-to-earn (P2E) game that lets players buy, sell, breed and trade animals with crypto. The YouTuber announced the project in August 2021, but the game was never released. This sparked allegations of fraud and led to a class-action lawsuit against the celebrity.  Community member criticizing the images on Paul’s NFT project. Source: X  Throughout the…

XRP Whale Makes Massive Transfer Amidst Price Volatility

In light of recent developments in the crypto market, XRP has once again garnered the attention of investors and the community as the crypto asset has witnessed yet another massive whale activity. XRP Whales Moves Over 50 Million Token To CEXs A recent report revealed that an XRP whale recently moved over 50 million tokens to cryptocurrency exchanges. On-chain data shows that the whale has been making this kind of transaction over the past few weeks. Interestingly, these whale transactions have created a whirlwind of speculation among worldwide crypto market…

Citizenship in El Salvador for $1m Bitcoin investment; Kava and InQubeta poised for growth

El Salvador has introduced a new visa program that offers citizenship to those who invest $1 million in Bitcoin (BTC) or Tether (USDT). This move further cements El Salvador’s position as the most crypto-friendly nation.  The Freedom Visa is the first of its kind, offering citizenship based on cryptocurrency investments. While some governments, such as the United States, offer citizenship in exchange for significant investments in businesses or real estate, El Salvador is the first to grant citizenship based on the size of an applicant’s cryptocurrency investment. Meanwhile, analysts are…

Bitcoin Traders Pare Bullish Bias as Spot ETF Deadline Nears

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XRP Sheds 10% As Short-Term Recovery Prospects Remain Dim

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Over the past day, cryptocurrency prices have plummeted, with XRP being among the worst hit—it has lost 10% of its value while the market as a whole is reeling from extreme volatility. The price of XRP has dropped significantly and abruptly, causing a seismic shift that is similar of the one that occurred in August of last year. The price chart below shows a significant decline, signifying the liquidation of derivatives valued at millions of dollars in a very short amount of time. This unanticipated decline has had a significant impact, upsetting…

These Events Will Create A Bitcoin Crash In March: Arthur Hayes

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Arthur Hayes, the founder of BitMEX, in his latest essay, presents a foreboding prediction for the Bitcoin market in March, anticipating a severe correction of 30-40%. His detailed analysis, rooted in a deep understanding of market dynamics, outlines the complexities and driving factors behind this expected crash, respectively healthy but deep correction. Hayes begins his discourse with a cautionary reminder of the nascent state of the crypto bull market, warning enthusiasts not to be overly carried away. “The crypto bull market is in its early stages, and we must not…