Day: January 16, 2024

Celsius moves $125m in ETH to exchanges amid plan to repay creditors

Embattled crypto lender Celsius has moved over $125 million in Ethereum to various cryptocurrency exchanges in the last week, signaling its plans to commence creditor repayments. Data from Arkham Intelligence shows that between Jan. 8 and 12, Celsius transferred Ethereum worth $95.5 million to Coinbase and $29.7 million to FalconX. Despite these large transfers, the lender still holds substantial assets, including over 580,000 ETH, currently valued at approximately $1.47 billion, and 9,799 BTC worth around $417.67 million. On Jan. 5, Celsius Network unstaked an impressive 206,300 ETH, valued at $470…

Solana Mobile to Sell Second Crypto Smartphone: Source

The upcoming phone will have the same basic features as its predecessor, called Saga: an onboard crypto wallet, custom Android software and a “dApp store” for crypto applications – but at a cheaper price point and with different hardware, the person said. The original phone cost $1000 when it first launched last year but later saw prices reduced amid struggling sales. Source

Coinbase’s one-third revenue ‘at stake’ as SEC battle faces dismissal challenges

Experts doubt a quick end to Coinbase’s battle against the SEC, citing the challenge of proving listed tokens are not securities. The American cryptocurrency exchange Coinbase is unlikely to overcome its legal challenges with the U.S. Securities and Exchange Commission (SEC) soon, as the Wall Street Journal reports that the exchange’s request for dismissal, scheduled for Jan. 17, is considered a long shot by legal and financial insiders. Lisa Bragança, a lawyer and former SEC enforcement branch chief, stated that the case is unlikely to be dismissed, as proving that…

Top Analyst Anticipates Dogecoin Surge To $0.10, But There’s A Catch

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Elon Musk-backed meme coin Dogecoin (DOGE) has seen a significant price correction in recent days, falling over 14% in the past 30 days, due to the market’s waning sentiment surrounding the hype generated by the approval of Bitcoin Exchange Traded Funds (ETFs), and the lack of bullish catalysts. After reaching an 11-month high of $0.1073 on December 11, 2023, DOGE witnessed a decline to the $0.0743 level. However, over the past 7 days, the meme coin has managed to break the downtrend, recording a 2% surge. This positive movement has…

$2b flowing to crypto, this meme coin targets $5m in presale this January

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The crypto market is buzzing after the approval of 11 spot Bitcoin exchange-traded funds (ETFs). Investment management firm VanEck predicts that $2 billion will flow into crypto in the first week of the ETFs’ launch. Meanwhile, newcomer Galaxy Fox aims for a $5 million fundraising target this January. VanEck: $2 billion flowing into crypto Before the approval of Bitcoin ETFs on Jan. 10, there were rumors that BlackRock, a renowned asset…

How Many Altcoins Died In The Past 10 Years, Report Shows

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CoinGecko’s most recent report details the failure rate of cryptocurrencies in the last 10 years. Exhibiting the increasing number of “dead” altcoins over the years as projects deactivate, rebrand, lose trading activity, or are revealed to be scams. Related Reading: These Altcoins Are Showing Most Bullish & Bearish Divergences: Santiment An 11.01% Failure Rate For The Altcoin Sector The first half of the ten-year period that CoinGecko studied showed 1,546 dead cryptocurrencies, 11.01%% of the total amount. 2014 saw the death of 37 cryptocurrencies, 2015 had a lower number with…