Month: February 2024

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

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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…

Bitcoin Price Targets $55,000 Following Bull Pennant Breakout

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The Bitcoin price has experienced a notable increase of over 4% in the last 12 hours, marking a departure from the recent lull. This movement follows a bull pennant breakout, with the price of Bitcoin now aiming for the $55,000 mark. The 4-hour (BTC/USD) chart below shows Bitcoin trading at $44,609, having just breached the confines of a bullish pennant pattern—a bullish continuation signal frequently followed by an upward price trajectory. BTC price, 4-hour chart | Source: BTCUSD on TradingView.com What This Means For Bitcoin Price The pennant, which is…

Solana, Meme Moguls, and Bitcoin lead ahead of bull run

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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. Experts believe that Solana (SOL), Meme Moguls (MGLS), and Bitcoin (BTC) will be leading the next market upswing. While Bitcoin and Solana fell in January, Meme Moguls reached a new all-time high.  Solana’s trading volume drops Solana’s daily trading volume has decreased by $2.5 billion after a recent correction. Its daily trading volume is now $1.48 billion, making it the 6th most traded cryptocurrency globally.  Although its trading volume…

ARK 21Shares revamps Ethereum ETF proposal with cash creation model and staking plan

ARK 21Shares has recently adjusted its application for a spot Ethereum exchange-traded fund (ETF), shifting towards a cash-creation model akin to its previously approved spot Bitcoin ETF. The strategic amendment filed on Feb. 7 also includes plans to stake a portion of the ETF’s Ether (ETH) holdings potentially, aiming to generate additional income through staking rewards. This move follows the firm’s successful transition of its Bitcoin ETFs to a cash creation and redemption model in December after engaging in discussions with the United States securities regulator. The transition from an…

Cardano and Bitcoin in green, Everlodge listing revealed

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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. Cardano (ADA) is fluctuating but bullish. Bitcoin (BTC) has support at $42,800 and is likely to surge. Everlodge (ELDG) plans to list on Uniswap.  Cardano climbs 23.5% Cardano is up 23.5% over the past year, rising from $0.48 to $0.52.  RSI and MACD indicators show that the uptrend is valid. ADA may rally to $0.9102 by the end of Q4 2024. Bitcoin finds support at $42,800 Bitcoin has support…