Day: February 8, 2024

Bitcoin Approaches $45K; Crypto Trading Volumes Rise

boss

Bitcoin rallied to a four-week high approaching $45,000 on Thursday amid record highs in U.S. equity indexes. Bitcoin, which fell as low as $42,700 on Wednesday, climbed almost 5% to $44,800, the highest since Jan. 11, according to CoinDesk data. “Technically speaking, bitcoin has broken out of a range and could be looking for a push to a fresh yearly high through $50,000,” said LMAX Digital in a morning note. According to Laurent Kssis, a crypto ETP specialist at CEC Capital: “This pump is driven by leverage, i.e the open…

TradeStation Crypto reaches $3m settlement for offering unregistered interest product

TradeStation Crypto, a subsidiary of Japanese brokerage and cryptocurrency exchange Monex Group, has agreed to a $3 million settlement with the United States Securities and Exchange Commission (SEC) and regulators from 26 states.  The agreement resolves allegations that the Florida-based company offered an unregistered interest-bearing crypto-lending product to investors without the necessary registration. The SEC identified that between August 2020 and June 2022, TradeStation Crypto engaged in activities where it allowed U.S. investors to deposit or purchase crypto assets in exchange for the promise of interest payments. The firm had…

Institutional adoption of crypto is growing. What can boost it further?

Institutional interest in cryptocurrencies is rising, as revealed by a recent Coinbase survey. What is happening, and what is causing the surge? Over the years, the crypto market has seen a shift towards institutional adoption of digital assets, signaling a phase where crypto assets are getting increasingly integrated into the broader financial ecosystem.  A survey conducted by Coinbase in Nov. 2023 revealed that institutional interest in crypto investments is on the rise. About one-third of respondents increased their crypto holdings over the past year, while only 17% decreased them. Half…

Bitcoin Price Jumps Above $44,000, Here Are The Factors Driving It

boss

Bitcoin is back above $44,000 for the first time since the Spot Bitcoin ETFs were approved for trading in January. This price surge is believed to be due to several factors that have played out in favor of the bulls in recent times.  BTC Whales Accumulate More Bitcoin Citing data from Glassnode, crypto analyst Ali Martinez revealed recently that Bitcoin whales have been accumulating more BTC, with around 73 new addresses now holding 1,000 BTC or more. This figure is said to mark a 3.66% increase in the last two…

Crypto custodian Bakkt discloses to the SEC it is facing liquidity issues

The platform Bakkt said that if it fails to raise money through debt financing or equity dilution, it will not have enough funds to continue operations. In disclosing risks to the U.S. Securities and Exchange Commission (SEC), platform Bakkt questioned whether it could ensure its financial stability next year. Current reserves, including restricted cash, may need to be increased to support operations through 2025. Founded in 2018, the company provides custodial services for institutional and retail investors interested in exposure the crypto, operating under the Bakkt Trust Company LLC, functioning…

ICO urges all app developers to prioritise privacy

The Information Commissioner’s Office (ICO) is reminding all app developers to ensure they protect users’ privacy, following the regulator’s review of period and fertility apps.  Last year, the ICO looked closely at period and fertility apps to understand how they process personal data and identify whether there is any negative impact on users as a result. The review saw the ICO contact several app providers to find out more about their privacy practices, as well as engaging with app users to understand their experiences.  While no serious compliance issues or…

Thailand SEC Files Fraud Charges Against Former Zipmex CEO

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…

Analyst Predicts Bitcoin Rally To $45,000 Before Pullback

boss

Bitcoin (BTC) has started riding the recent bull market wave and rising with fresh gains after weeks of sluggish momentum, with crypto analysts predicting more potential gains for the leading cryptocurrency asset in the coming days. Bitcoin To See A Correction After Surging To $45,000 A cryptocurrency expert from Cheeky Crypto has made a daring forecast for Bitcoin. The analyst revealed his recent projections during one of Cheeky Crypto’s latest episodes on YouTube. His predictions came in light of the price of Bitcoin closing Wednesday on a positive note, leading…