Day: November 23, 2024

Robinhood’s Dan Gallagher declines potential SEC chair role

Dan Gallagher, Robinhood Markets’ chief legal officer, has withdrawn from consideration to lead the U.S. Securities and Exchange Commission under the incoming Trump administration. Gallagher’s decision to remove himself from consideration marks a major development in the search for Gary Gensler’s successor. Gensler has announced his planned departure for Jan. 20, 2025, concluding a tenure marked by major cryptocurrency industry oversight and enforcement actions. According to Bloomberg, Gallagher wrote in an email: “I am committed to Robinhood and our millions of customers who represent the new generation of retail investors.”…

NFT Fever Cools: Ethereum and Bitcoin NFT Sales Dive Amid Broader Crypto Growth

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Non-fungible token (NFT) sales cooled off this week, slipping 9.3% compared to the prior period, even as the broader cryptocurrency market climbed higher. NFT Market Shifts: Ethereum and Bitcoin Sales Plunge, Solana Gains Ground Data from cryptoslam.io revealed that NFT transactions over the past seven days amounted to $161.47 million. Ethereum NFTs dominated with $51.81 […] Original

Deribit Moves $783M in Ethereum To Cold Storage: A Bullish Signal for ETH?

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While Ethereum seems to have begun its own major rally, the asset has recently experienced significant activity on the Deribit Options Exchange which begs the question of what it means for ETH’s price. A CryptoQuant analyst known as Amr Taha detailed these developments in a post on the CryptoQuant QuickTake platform. The analysis focused on substantial outflows from the exchange to cold wallets, highlighting potential implications for market sentiment and liquidity. ETH Netflows On Deribit And The Implications According to Taha, the Deribit Options Exchange recorded a notable transaction involving…

Vaneck Analysts Forecast Bitcoin’s Path to $180,000 Amid Regulatory Shift

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Vaneck analysts Nathan Frankovitz and Matthew Sigel believe bitcoin’s price surge to record highs reflects a transformative moment for the digital asset, with a potential cycle target of $180,000 driven by favorable U.S. regulatory developments. Bitcoin Rallies on Regulatory Optimism, Vaneck Predicts More All-Time Highs According to Vaneck‘s mid-November analysis, bitcoin’s recent price spike highlights […] Original

Anixa Biosciences Board of Directors Approves Purchase of Bitcoin as Treasury Reserve Asset

SAN JOSE, Calif., Nov. 22, 2024 /PRNewswire/ — Anixa Biosciences, Inc. (“Anixa” or the “Company”) (NASDAQ: ANIX), a biotechnology company focused on the treatment and prevention of cancer, today announced that its Board of Directors has approved the purchase of Bitcoin as a treasury reserve asset. With Anixa’s strong balance sheet and excess cash, this strategic decision aims to diversify the Company’s treasury holdings while positioning Anixa to benefit from the potential long-term value of digital assets. The Company also reaffirmed its ongoing stock buyback program as part of its…

This Analyst Correctly Predicted The Bitcoin Price Jump To $99,000, But His Prediction Is Not Done

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Este artículo también está disponible en español. A crypto analyst who accurately forecasted the Bitcoin price increase to the $99,000 All-Time High (ATH) has just released a more detailed analysis of his prediction. The analyst shared a chart highlighting crucial technical indicators and price movements that suggest the cryptocurrency could be gearing up for an even higher ATH.  Analyst Projects $105,000 As The Next Price Target Weslad, a TradingView analyst, has raised his Bitcoin price forecast, predicting the next upside target at $105,764 as the crypto market bull run gains…

Crypto Roadmap Presented To Trump And Congress By Blockchain Association For Initial 100 Days

As President-elect Donald Trump prepares to assume office on January 20, 2025, the cryptocurrency industry is optimistic for a new regulatory era.  The Blockchain Association, a nonprofit organization focused on promoting innovation and fostering a supportive policy environment for digital assets, has taken the initiative to communicate its priorities directly to the incoming administration and Congress. Steps For Supporting Crypto Assets In Trump’s First 100 Days In a letter penned by Kristin Smith, CEO of the Blockchain Association, the organization expressed its hope for a friendlier regulatory landscape under Trump’s…

Bitcoin Open to a Bank Run, Smaller Parties Vulnerable to Death Spiral Event

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Justin Bons, founder and CIO of Cybercapital, a European cryptocurrency fund, alerted about the vulnerability of smaller parties in the case of a bitcoin bank run. A price drop event would trigger the hypothetical event, forcing miners to shut down their operations due to unprofitability and affecting network operativity. Cybercapital CIO Justin Bons Alerts About […] Original