Month: January 2024

Issuers reach significant milestone for spot Bitcoin ETFs

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Issuers of spot Bitcoin (BTC) exchange-traded funds (ETF) have made significant progress toward regulatory approval. According to Bloomberg, the U.S. Securities and Exchange Commission (SEC) has provided positive feedback on key filings and requested no additional feedback on the paperwork for several applications. The agency’s commissioners plan to vote on the exchange-rule filings this week. At least one applicant, asset manager BlackRock, reportedly expects the SEC to approve its application for a spot Bitcoin ETF on Wednesday, Jan. 10. Last week, the SEC instructed multiple exchanges and issuers interested in…

Bitcoin heads to the Moon in historic BitMEX endeavor

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BitMEX is pioneering a mission in partnership with Pittsburgh-based Astrobotic, Bitcoin Magazine, and Oxcart Assembly to transport a physical Bitcoin (BTC) to the Moon. The event is the culmination of plans first announced in May 2023. On Monday, Jan. 8, a privately-built spacecraft is Slated to take off from Cape Canaveral Space Force Station, Florida, at 02:18 am ET. The physical Bitcoin, valued at approximately $45,000, will be launched on a United Launch Alliance (ULA) Vulcan rocket and integrated into Peregrine-1, a commercial lunar lander. T-3 days till Bitcoin goes…

Ethereum Giga Whales On A Historic Buying Spree

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Ethereum whales have been on a buying spree for a while now, which is an indication of their sustained support for the king of altcoins. These whale buys have particularly increased in the past few weeks. On-chain data from Santiment reveals Ethereum’s largest private wallets now hold an all-time high of 56.25 million ETH, representing 46.8% of the crypto’s total circulating supply.  Ethereum Whales Accumulate Record Amounts Of ETH Ethereum is currently trading in a range, as price action shows the crypto trading between the higher end of $2,434 and…

Bitcoin is weak; Reddit users focus on crypto AI projects

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin, the original crypto titan, is losing the upside momentum. As it wanes, the crypto community, especially on Reddit, is looking at AI-driven coins, especially Borroe Finance (ROE).  Bitcoin losing steam Let’s face it: Bitcoin has seen better days.  Recently trading below the $43,000 mark, it’s clear that the crypto giant is facing some challenges.  On Reddit, more are discussing Bitcoin‘s current lackluster performance.  Some are speculating about its…

Akash Who? Lesser-Known Altcoin Rules Weekend’s Top 100 List With 40% Rally

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Over the course of a single year, Akash (AKT) – a seemingly unheard of altcoin – exhibited a surprising surge, with its value skyrocketing by over 1,400%, showcasing remarkable resilience and strength in the market. This strong performance not only underscores the asset’s robustness but also positions it as a notable player in the cryptocurrency landscape. Akash Network’s Remarkable Recovery Surge When the price of the Akash Network (AKT) token recovered from the $0.75 level in mid-October 2023, it began an aggressive recovery pattern within the general tone of the…

Bloomberg Analyst Cuts Probability of Bitcoin Spot ETF Rejection to 5%

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Popular Bloomberg ETF analyst Eric Balchunas has lowered the possibility of the US Securities and Exchange Commission (SEC) denying the launch of the Bitcoin spot ETF to 5%. This latest forecast comes as crypto enthusiasts worldwide anticipate a wide-scale approval of various Bitcoin spot ETF proposals by the SEC on Wednesday, January 10. Why The Bitcoin Spot ETF Approval Appears Nearly Certain: Bloomberg Analysts Weigh In In October, Eric Balchunas and fellow Bloomberg analyst James Seyffart predicted that there is a 90% chance that ARK Invest and 21 shares would…

Akash (AKT) spiked 41% this week, 1,400% over the past year

Amid cryptocurrency ups and downs, Akash Network’s native token, AKT, has experienced a noteworthy surge of over 40% in the past week.  Akash Network (AKT) is trading at $3.20 representing almost 15% increase in the last 24 hours and an impressive leap of 41% over the past week, with a market cap of over $718 million, per data from CoinGecko.  In the space of one year, AKT displayed a phenomenal gain of more than 1,400%, demonstrating strength. As soon as AKT surged, its social dominance has also seen a significant…

Unidentified wallet sends $1.2m BTC to Satoshi Nakamoto

An unidentified individual initiated a transaction on Jan. 5, depositing 26.9 BTC, valued at approximately $1.19 million, into the Genesis wallet — the first wallet ever created on the Bitcoin (BTC) network by the pseudonymous entity known as Satoshi Nakamoto. This transaction occurred at 1.52 AM ET, two days after Bitcoin celebrated its 15th anniversary, and was noteworthy because it was impossible to retrieve.  On-chain analytics platform Arkham Intelligence reported that before depositing the Bitcoins into the Genesis wallet, the mysterious wallet’s owner funded it through intricate transactions involving diverse…

Mango Markets allocates $250k to tackle regulatory inquiries

Decentralized exchange Mango Markets is responding to scrutiny from U.S. regulatory bodies by allocating $250,000 worth of USD Coin (USDC) to its course. This move comes on the heels of recent woes, including a hack and ongoing legal proceedings that have led the DAO, or decentralized autonomous organization, to hire an intermediary who will guide the project through its regulatory battles. Allocating resources for a solution Mango Market’s DAO is responding to regulatory inquiries by approving a budget of $250,000 in USD Coin (USDC). This allocation, set for approval on…

Crypto Analyst Predicts Dramatic Rise In Cardano (ADA) Price, Here’s The Target

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Crypto analyst Guy Turner has predicted that Cardano (ADA) could experience a significant price surge soon enough. The analyst also gave an insight into what price levels the crypto token could hit when this happens.  Cardano To Rise To $1 In a video posted on his YouTube channel, Turner mentioned that ADA could rally to as high as $1 as that is the next significant level of resistance. The analyst’s projection is based on the fact that ADA’s weekly chart suggests that the crypto token is in the process of…