Ether prices are set to close the month just over 2% higher, while major NFT indices have gained almost 10%. Source
NFTs Outpaced Ether's Gains in January
Day: January 31, 2024
British police seized over $1.7b in Bitcoin linked to China’s investment fraud
The Metropolitan Police revealed the seizure of over 60,000 BTC from a significant Chinese investment scam scheme. A seizure that occurred back in 2018 was disclosed for the first time during a court hearing in London on Jan. 30, according to a Financial Times report, with the disclosure part of the ongoing trial of Jian Wen, accused of laundering Bitcoin for her former employer, Yadi Zhang (known as Zhimin Qian). According to the report, the police seized more than 61,000 Bitcoin (BTC), valued at $1.7 billion during recovery, from four…
Terraform Labs seeks ‘do-or-die’ appeal via bankruptcy to fight SEC
Singapore-based Terraform Labs says its recent bankruptcy filing will help it pursue a “do-or-die” appeal against the U.S. Securities and Exchange Commission (SEC). According to a Reuters report, Terraform Labs, the developer behind the Terra blockchain ecosystem, filed for bankruptcy earlier in January due to potential financial constraints in dealing with an unresolved judgment and pursuing an appeal with the SEC. In December 2023, a U.S. court ruled that Terraform Labs and its founder, Do Kwon, violated U.S. law by failing to register two cryptocurrencies: LUNA and MIR, which the…
Can February Be Dogecoin’s Month? Bullish Indicators To Watch
In an exciting turn of events, Dogecoin (DOGE), the popular meme-based cryptocurrency, is once again attracting attention in the market as February approaches. Meme coins, including DOGE, are gearing up for a potential comeback amidst a renewed sense of recovery in the crypto market. The surge in network expansion, if sustained, has the potential to positively impact the price of DOGE, according to market experts. Over the past week, the number of new addresses in the Dogecoin network has skyrocketed by over 1,000%, showcasing the increasing interest and participation in…
SOL DEX Jupiter’s JUP Token to Debut With 1.35B Circulating Supply
Of the initial circulating supply of 1.35 billion, 1 billion coins are for airdrops, 50 million each for loans to market makers on centralized exchanges and liquidity pool needs, and 250 million for a launch pool. Airdrop refers to crypto projects distributing free new or existing tokens en masse to their communities to boost adoption. Source
Bitcoin Bulls Keep Pushing, Why Increase Isn’t Over Yet
Bitcoin price is attempting a fresh increase above the $42,500 resistance. BTC is showing bullish signs and might rally further above the $43,800 resistance. Bitcoin price is consolidating gains above the $42,500 resistance zone. The price is trading above $42,750 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support near $42,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to rise if it clears the $43,250 and $43,800 resistance levels. Bitcoin Price Holds Ground…
Bitcoin ETFs Experience Day 12 Reversal, GBTC Selling Slows, Fidelity And Blackrock Garner $400 Million
Bitcoin has witnessed a positive turn of events as it reclaimed the $43,000 mark on Tuesday, thanks to a significant reduction in selling pressure from asset manager Grayscale. The reversal in Bitcoin ETFs during day 12 of trading has seen more inflows than outflows. Fidelity and Blackrock recorded a combined $400 million across their Bitcoin ETFs under the ticker names FBTC and IBIT, respectively. Bitcoin ETFs Record Third-Largest Money Day According to market expert James Mullarney, Grayscale Bitcoin Trust (GBTC) has experienced a noticeable reduction in selling pressure, as reflected…
Could Blockchain Technology Solve The AI Deep Fake Problem?
Chris Dixon, Andreessen Horowitz’s crypto founder and general partner, joined CNBC’s ‘Squawk Box’ to discuss his new book ‘Read Write Own: Building the Next Era of the Internet.’ The crypto evangelist examined some of the ideas in the book, including the role of blockchain technology in the future of the internet and a possible path for Artificial Intelligence (AI) content regulations. Blockchain Technology Is The Future of The Internet In the interview, Dixon reviewed some of the ideas proposed in his book. When asked about the utility of blockchain technology,…
DOGE Bull Mark Cuban Talks Crypto, NFTs, And More
On January 29, Mark Cuban, the businessman and television personality, took to the X platform (formerly known as Twitter) to have a conversation with his audience and the crypto community online. What Projects Does Mark Cuban Invest in? The Ask Me Anything (AMA) session asked about Cuban’s thoughts on various crypto-related topics. Notably, his replies to the community suggested the importance of a project’s utility for the Shark Tank investor. When asked about his thoughts on crypto, Cuban stated “I hate the speculation but love when there is utility,” similarly…
Ethereum ETFs Approval Date Set For May 23, Forecasts Suggest ETH Could Reach $4,000
The Securities and Exchange Commission (SEC) is poised to follow a similar approach to approving spot Bitcoin (BTC) exchange-traded funds (ETFs) for spot Ethereum ETFs, with the expectation that approval will be granted on the initial final deadline of May 23, as per Standard Chartered Bank analysis. Ethereum ETFs Face Delays, Approval Remains Likely According to a report by The Block, Geoffrey Kendrick, head of forex and digital asset research at Standard Chartered Bank, stated that they expect pending applications for spot Ethereum ETFs to be approved on May 23,…