Day: February 3, 2024

Avalanche To Unleash 9.5 Million Tokens, Traders Brace For Impact

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Avalanche, the blockchain platform poised for a major event in the month of love, is gearing up for a significant development. As February unfolds, the cryptocurrency market is anticipating the release of nearly $900 million worth of vested tokens from a diverse array of projects. This imminent influx into the market has sparked a wave of concerns among investors who are closely watching the unfolding scenario. Projects involved in this token release include Avalanche (AVAX), Aptos (APT), The Sandbox (SAND), Optimism (OP), and SUI. Avalanche is strategically targeting strategic partners,…

Coinbase officially ends Bitcoin SV support

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Coinbase has finalized its actions to phase out Bitcoin SV from its list of supported digital assets. Initially rumored in November 2023, the delisting became official when Coinbase announced it had deprecated support for Bitcoin SV (BSV). In a post on X, Coinbase advised users who still held BSV that their assets had been forcefully liquidated and converted into a different cryptocurrency available on the platform, albeit after the deduction of transaction costs. The exchange also notified customers that the involuntary conversion process might not result in compensation, especially if…

Hong Kong asserts rigorous crypto regulations amid market evolution

Hong Kong has reaffirmed its commitment to creating strict and comprehensive crypto regulation to strengthen investor protection and tackle financial crimes. In a Feb. 2 blog post, Hong Kong’s Secretary for Financial Services and the Treasury, Christopher Hui, reiterated the special administrative region’s banner of “same activity, same risk, same regulation,” under which Hong Kong crafted a licensing regime for virtual asset service providers (VASP). In his post, Mr. Hui pointed out that VASPs that had been active in Hong Kong before the implementation of the new licensing system had…

How To Buy And Trade BRC-20 Tokens On The Bitcoin Network

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What are BRC-20 Tokens? BRC-20 tokens are a novel standard on the Bitcoin blockchain, BRC-20 tokens were inspired by Ethereum’s ERC-20. Like Ethereum’s ERC-20 strands for Ethereum Request for Comment, BRC-20 also strands for Bitcoin Request for Comment. BRC-20 tokens allow the creation, minting, trading, and transfer of fungible tokens or assets on the Bitcoin blockchain through the Ordinals protocol. The Bitcoin Ordinals protocol is a numbering system that allows users to attach extra data to satoshis, the smallest unit of Bitcoin. The process of attaching extra data to satoshis…

SEC charges American Bitcoin Academy founder in $1.2m crypto fraud scheme

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The U.S. Securities and Exchange Commission (SEC) has leveled charges against Brian Sewell, founder of the American Bitcoin Academy, over a fraudulent cryptocurrency scheme. In a Feb. 2 press release, the regulator claimed Brian Sewell’s scheme had siphoned approximately $1.2 million from students keen on learning about cryptocurrency investing. SEC CHARGES FOUNDER OF AMERICAN BITCOIN ACADEMY WITH FRAUD The SEC charged Brian Sewell, founder of American Bitcoin Academy, and his firm Rockwell Capital Management with fraud for allegedly targeting students to invest in a nonexistent crypto hedge fund. Sewell reportedly……

How To Pass On Your Assets?

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Understanding the challenges of crypto after death is vital for anyone investing in digital assets. Without proper preparation, your digital wealth could become inaccessible after your passing. This guide aims to navigate the complexities of managing cryptocurrencies after death. It covers essential steps, from documenting holdings to navigating legal considerations, ensuring your digital legacy is secure and your loved ones are taken care of. The Importance Of Planning For Crypto After Death In the realm of crypto, your investments don’t automatically transfer to your next of kin upon your demise.…

Crypto Report Suggests Solana A Main Focus For Next Bull Market

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A recent ‘Navigating Narratives’ report by K33 Research provided insights on how to trade altcoins. Interestingly, as part of their analysis, they highlighted Solana (not ETH) as the main focus and elaborated on why this was so.  Why Solana Is The Main Focus The report, written by DeFi Analyst David Zimmerman, stated that they were focusing primarily on buying SOL if there was an opportunity to buy lower. They claim the reason for this is that “SOL has solidified its place in the market as one of the market leaders.”…

Bitcoin Set For Positive Performance In Q2 2024: Coinbase Analysts

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Analysts at cryptocurrency exchange Coinbase are backing Bitcoin and the entire crypto market to put up a significantly positive performance in Q2 2024. This development comes as BTC continues its market recovery, gaining by 3.31% in the last week to trade above $43,000.  Downward Pressure On Bitcoin Subsides, Macro Factors To Come Into Play: Analysts In the Coinbase weekly report on Friday, the American exchange’s analysts noted that the market factors that induced downward pressure on Bitcoin were being phased out. This claim is backed by the completion of the…

These Altcoins Are Showing High Social Dominance After Recent Price Swings

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According to crypto intelligence platform Santiment, some altcoins have been enjoying increased attention from investors over the past few days. This comes as the crypto market continues to undergo a positive recovery from its recent slump in the aftermath of the Bitcoin ETF launch. These Altcoins Show Potential For More Profit: Santiment In a post on the X platform, Santiment revealed that three altcoins, including Chainlink (LINK), Immutable X (IMX), and Pyth (PYTH), have become assets of mainstream interest in the past few days.  This revelation is based on their…

Over 890,000 New Addresses Created

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Dogecoin, the meme-inspired cryptocurrency, is experiencing a resurgence in popularity, with key metrics showcasing explosive growth in network activity and user adoption. Dogecoin New Addresses Surge Over the past seven days, a staggering 890,000 new DOGE addresses were created, reflecting an 86% adoption rate as new users engage in their first transactions. This represents a remarkable 1,100% increase in new addresses compared to the previous week, according to on-chain data analyst Ali Martinez. January 29th alone saw a record-breaking 247,240 new addresses created, highlighting the rapid expansion of the Dogecoin…