Month: February 2024

Bitcoin ETFs Launch Google Ad Campaigns To Attract Investors

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After the approval and launch of spot Bitcoin ETFs (Exchange-Traded Funds) by the US Securities and Exchange Commission (SEC), ETF issuers have extensively promoted their products on different media platforms to attract retail investors. Bitcoin ETF Issuers Looking To Attract Retail Investors At the end of January, giant technology company Google changed its advertisement policy to allow crypto fund managers to advertise crypto products in the search engine. Beginning on January 29, the company would “update the Cryptocurrencies and related products policy to clarify the scope and requirements for the…

FTT Crashes 30% As FTX Relaunch Hopes Fade: Is the Dream Over?

The dream of a revived FTX exchange evaporates, triggering a massive sell-off of its native token, FTT. According to Kaiko, on February 5, FTT, the now utility-free currency of the defunct exchange, plummeted over 30% last week, erasing much of its recent gains fueled by speculation of an FTX comeback.  FTT price collapse | Source: Kaiko via X FTX Won’t Resume Operations The worrying drop follows reports that the bankrupt exchange, once led by Sam Bankman-Fried, is unlikely to resume operations. Notably, the news comes despite a glimmer of hope…

Analyst Predicts $60,000 Surge Before Halving And New ATH By Q4

Kevin Svenson, a prominent crypto analyst, has recently shared his 2024 price forecast for Bitcoin, providing a nuanced view of the expected trends in the coming months. Svenson’s analysis, which breaks down the year into distinct phases, offers a glimpse into the possible highs and lows that Bitcoin might experience. His predictions paint a picture of a year marked by significant volatility, a characteristic trait of the crypto market. Analyst Projected Bitcoin Phases In 2024 Svenson’s forecast is split into four key phases: a rally leading up to the BTC…

Korea’s FSC proposes regulatory approval requirement for crypto executives

South Korea’s Financial Services Commission (FSC) is weighing a new proposal that would require crypto executives to obtain regulatory approval before taking up a role. In a document published on its official website on Feb. 5, the FSC says it is working on a set of new improvements that would require new executives of crypto businesses to obtain regulatory approvals before taking up a position. While specific details of the proposed initiative remain pending revision by the Ministry of Government Legislation, it is understood that the amendments are anticipated to…

Chainlink’s 34% Jump Kicks DOGE Out Of Top 10 List

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After Chainlink’s impressive run of more than 34% over the past week, LINK has dethroned Dogecoin (DOGE) from the top 10 crypto by market cap list. Chainlink Has Pulled Away From The Crowd With A Sharp Surge Recently While most cryptocurrency sectors have observed minimal movement recently, Chainlink has emerged as an outlier, enjoying a surge of over 34% in the last week. The below chart shows how LINK has performed over the past month. The price of the coin seems to have observed a sharp increase in recent days…

China Never Completely Banned Crypto

That theory would help explain what’s happening in Hong Kong. The city has made very public steps to establish itself as a digital asset hub of Asia, if not the world. Hong Kong and China operate as “one country, two systems,” and Hong Kong’s relatively welcoming stance toward crypto has at least some degree of approval from Beijing. Letting crypto thrive in Hong Kong, if not the mainland, is a way for China to stay in the game while mitigating the risks. Source

LUNC Price Rally Is Far From Over Following Falling Wedge Breakout, Analyst Says

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Over the weekend, the LUNC price saw some of the most bullish price action that sent its price soaring over 20%. This rally eventually brought the price above $0.0001 after struggling around $0.00009 for the last two weeks. However, the tides seem to be completely changing for the altcoin, as one analyst expects the rally to continue. Prepare For The LUNC Price To Double The LUNC price, despite having risen so much, is still showing signs of a continuation. This is evident in the Falling Wedge Breakout that was confirmed…

Tether invests $25m in Oobit to expand crypto payments globally

Tether announced a $25 million investment in mobile payment platform Oobit, facilitating a more accessible path for crypto within everyday commerce.  Oobit’s mobile application attempts to change how cryptocurrency holders interact with the physical retail world. It enables users to use their digital assets at over 100 million retailers globally that accept Visa and Mastercard. Paolo Ardoino, the newly appointed CEO of Tether, emphasized the series A investment as a testament to Tether’s commitment to introducing new users to the cryptocurrency ecosystem. Tether invests in Oobit. Oobit’s mobile payment app…

Solana’s (SOL) Most-Notorious Hacker House Is Bigger Than Ever

So said Barrett, the host of Solana’s largest community-run coworking meetup, after surveying his fast-filling WeWork in Salt Lake City on Monday. His cowboy boots clopped past rows of desks and laptops and crypto developers at the seasonal retreat. Some 50-odd out-of-towners had already arrived and another 150 were on their way, putting his supply of monitors in jeopardy of proving too small. Source

Treasury Secretary Janet Yellen Warns of Crypto Risks to U.S. Financial Stability

“The council is focused on digital assets and related risks such as from runs on crypto-asset platforms and stablecoins, potential vulnerabilities from crypto-asset price volatility, and the proliferation of platforms acting outside of or out of compliance with applicable laws and regulations,” she said in the testimony prepared for delivery, which was posted on the committee’s website. Source