Zero-knowledge proofs (ZKPs) allow crypto network users to verify the validity of a transaction without revealing details of the transaction. Source
What Are Zero-Knowledge Proofs?
Month: January 2024
Vanguard Blocks Clients From Buying Bitcoin ETFs IBIT and GBTC
“Buy orders are not currently accepted for this security,” the message said. “Securities may be unavailable for purchase at Vanguard due to a number of variables including regulatory restrictions, corporate actions, or various trading and/or settlement limitations.” Original
Father and son sentenced for laundering millions in Bitcoin
A Maryland father and son receive federal prison sentences for their involvement in a dark web drug trafficking and Bitcoin laundering operation. In a case underscoring the complex challenges of digital crime, a father and son duo from Maryland have been sentenced for their roles in a sophisticated dark web drug trafficking operation and subsequent Bitcoin (BTC) laundering scheme. Joseph Farace, 72, received a 19-month federal prison sentence on Jan. 8 for assisting his son, Ryan Farace, 38, in laundering Bitcoin earned from illegal drug sales. Court documents reveal that…
Cathie Wood Sees Bitcoin (BTC) Price Reaching $1.5M By 2030 After ETF Approval
The ARK Invest CEO also said a bear case would see the price rise to $258,500 and a base case of $682,800. ARK backed up the previous $1 million price prediction by pointing to a higher hashrate, long-term holder supply, and addresses with a non-zero balance compared to the prior downturns. The SEC’s approval of the spot ETFs has likely added to the bullish thesis. Source
PEPE Breaks Out Of Descending Channel: Analyst Puts These Targets
An analyst has explained that PEPE could be breaking out of a descending channel pattern currently and may be heading towards these targets. PEPE Has Been Breaking Out Of A Descending Parallel Channel Recently In a new post on X, analyst Ali pointed out how the 4-hour PEPE price is breaking out of a descending parallel channel currently. In technical analysis, a “parallel channel” refers to the area enclosed by two parallel trendlines where the price of the given asset has been traveling inside recently. Generally, the price is likely…
Bitcoin ETFs Stir Optimism, Ambivalence and Dread Among Crypto’s Staunchest Supporters
“I don’t see bitcoin ETFs as clashing with what original proponents of crypto hoped for, because from the very start even the most idealistic strains of bitcoinism were always twinned with the raw desire to make money,” Koning said. “For the number to go up, more funds must be drawn in, which requires not only relying on the linkages already forged to traditional finance, like the integration with the card networks, but new forms of interconnection.” Source
Bitcoin ETF Approvals Won’t ‘Necessarily’ Mean More Portfolio Allocations, Moody’s Analysts Say
“We’re not saying that, for bitcoin, yesterday’s announcement will not be significant,” said Vincent Gusdorf, senior vice president, DeFi and Digital Assets (DFDA) at Moody’s. “It is significant and institutional investors’ entry into this market will be a kind of a watershed moment for the crypto industry.” Original
Bitcoin ETFs and Wall Street: A Double Milestone
What’s more, it has done so with no corporation or government entity behind it, no VC money for its operations, no internal PR team. Bitcoin’s community is perhaps not so quiet, but the protocol itself has been remarkably lacking in drama. Running quietly in the background, the asset the network generates has found its way into institutional portfolios and retail holdings around the world, regardless of national boundaries and regulations. Source
Bitcoin (BTC) Price Hits Two-Year High, Then Drops 5% Amid ETF Trading Volatility
The largest crypto asset by market capitalization climbed from below $46,000 earlier today to over $47,000, then accelerated, hitting a $49,042 during early U.S. trading session, according to CoinDesk Indices data, which collects pricing from multiple exchanges. Then, it gave up all its gains and buckled below $46,000. Source BitcoincryptoexchangeExchanges CryptoX Portal
BlackRock’s Bitcoin ETF (IBIT) Could Attract a Record $3B Inflow in First Trading Day: CF Benchmarks
The iShares Bitcoin Trust (IBIT), the spot offering from TradFi giant BlackRock, could end the first trading day with as much as a record $3 billion in inflows, according to cryptocurrency index provider CF Benchmarks, a subsidiary of crypto exchange Kraken that provides indexes for six of the newly launched ETFs, including BlackRock’s. Original