Month: January 2024

Hong Kong regulators wary of unauthorized crypto staking

Hong Kong’s Securities and Futures Commission (SFC) has issued a cautionary statement, alerting the public to be wary of high-yield crypto investment schemes including the “Floki Staking Program” and “TokenFi Staking Program.”  SFC warn investors  According to a recent announcement, the Hong Kong Securities and Futures Commission (SFC) has made it clear that both the “Floki Staking Program” and “TokenFi Staking Program” lack authorization for offering to the Hong Kong public.  The regulator says both offerings involve cryptocurrency staking services that claim to deliver notably high annualized returns, ranging from…

DeeStream to tap into $250b market as Ethereum and Chainlink struggle

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. DeeStream (DST) is a decentralized streaming platform offering advantages such as greater freedom of expression, lower fees, and more transparency. In stage one of its presale, DST is trading for $0.035.  Early DST investors may benefit from the decentralized streaming market, projected to reach $250 billion by 2027. Ethereum is resilient Despite the recent downturn, Ethereum (ETH) has remained relatively stable, holding above $2,200.  This stability may be due…

Bitcoin ETF outflows, Silk Road, Terraform

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Bitcoin (BTC) mounted a recovery, taking the rest of the market with it, despite sustained outflows from spot Bitcoin exchange-traded funds. The U.S. government made moves to sell $131 million in BTC confiscated from Silk Road. Meanwhile, Terraform Labs goes bankrupt. Spot Bitcoin ETFs record outflows This week featured massive negative net flows from the spot Bitcoin ETF market, largely due to substantial outflows from the Grayscale Bitcoin Trust (GBTC), as investors exited the project due to high fees. Particularly, on Jan. 24, the spot Bitcoin ETF market recorded the…

How To Buy, Sell, And Trade Crypto On The Base Network

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The foundational infrastructure of the Base Network brings about yet another Ethereum Layer 2 network, distinguished by its scalability and empowerment through the notable association with Coinbase. Coinbase is recognized globally as one of the most trusted cryptocurrency exchanges and companies, Coinbase effectively manages a diverse portfolio of crypto assets, solidifying its status as a cornerstone within the digital currency realm. Positioned as a pivotal solution to address the persistent challenge of high transaction costs within the Ethereum network, the Base Chain stands quite firmly to revolutionize transaction fees, delivering…

Analysts bullish on LINK, SOL, and ETH as GFOX presale eyes $4m

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. This article explores the growth potential of Chainlink (LINK), Solana (SOL), and Ethereum (ETH). It also delves into Galaxy Fox, a crypto project targeting $4 million in the ongoing presale. Chainlink is resilient Despite the market downturn, LINK has been holding its ground.  The token has recovered and is trading above the $14.2 support level.  This may suggest buyers are still interested in Chainlink, and there is potential for…

Google’s new crypto ad policy boosts Bitcoin ETF visibility

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Google, a subsidiary of tech conglomerate Alphabet, is on the verge of a significant policy update set to take effect on Jan. 29, which could alter the landscape of cryptocurrency advertising. Now that the U.S. Securities and Exchange Commission’s (SEC) approved 11 spot Bitcoin (BTC) ETFs on Jan. 10, Google is expected to amend its rules and enable asset managers to advertise these products to a broader U.S. audience. This move follows Google’s recent decision to broaden its cryptocurrency and related products’ policy, now providing advertisers with specific guidelines for…

Bitcoin could hit $170k post halving: Anthony Scaramucci

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SkyBridge Capital founder Anthony Scaramucci shared an optimistic take on Bitcoin’s (BTC) potential trajectory following the halving. The former White House communications director suggested on The Wolf Of All Streets Podcast with Scott Melker that Bitcoin could experience a “conservative” increase of more than 300% in the coming months. “Why so bearish, man?” Melker asks. Here’s what Scaramucci said. Scaramucci sees BTC at $170k Bitcoin could witness a “cycle top” that is 4x higher than its halving price, Scaramucci, a Goldman Sachs vet, says. He predicts that Bitcoin could reach…

Top cryptocurrencies to watch this week: MANTA, SHIB, FTT

Manta Network (MANTA), Shiba Inu (SHIB), and FTX Token (FTT) are among the top cryptocurrencies to command considerable attention this week. Manta is currently trading at $3.54. Shiba Inu, $0.0000091342 FTT, $2.80 MANTA, SHIB and FTT prices – Jan. 28 | Source: Santiment MANTA clinches new ATHs Manta Network launched its native token MANTA last week, with a total supply of 1 billion tokens and a 2% annual inflation rate. The token has been positioned for purposes bordering on fees, staking and liquidity. MANTA opened trading on Jan. 18 with…

Bitcoin Whales Increase Their Holdings By $3 Billion

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It’s only been a month into 2024, and Bitcoin has already experienced a whirlwind of activity. These events range from the SEC’s approval of spot Bitcoin ETFs to the cryptocurrency’s price underperforming with a decrease over the past month and selloffs from the Grayscale BTC Trust. Amidst all these, on-chain data has revealed an interesting sentiment of strategic accumulation among whales of the largest cryptocurrency.  According to information provided by crypto analytics firm IntoTheBlock, Bitcoin whales have added over 76,000 BTC worth approximately $3 billion to their holdings since the…

Bitcoin falls after ETF approval; investors turn to Chainlink and NuggetRush

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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 demand dropping Crypto whales looking at Chainlink. NuggetRush presale draws investors Moments after the spot Bitcoin ETF was approved in the U.S., prices tanked. Meanwhile, Lookonchain data shows heightened whale activity for Chainlink (LINK). Amid this, more investors are exploring NuggetRush (NUGX). So far, over 161 million NUGX have been sold.  Bitcoin demand drops On Jan. 11, the U.S. Securities and Exchange Commission (SEC) approved several spot Bitcoin…