Crypto Analyst Predicts Short-Term XRP Price Rally To $18

A crypto analyst has provided some optimism regarding the XRP price as many contemplate whether or not to continue to hold on to their XRP tokens. This comes as the crypto token’s underperformance has been a cause of concern to holders, with talks about a potential manipulation resounding through the community. XRP Price To Hit $18 In The Short-Term In a post on his X (formerly Twitter) platform, crypto analyst Dark Defender shared an interesting analysis where he noted that XRP could hit $18 soon enough. To back up his…

Google policy update greenlights ads for U.S. crypto trusts

Google has updated its advertising policy regarding cryptocurrencies and related products. According to the company statement, as of Jan. 29, 2024, Google will allow advertising of digital asset-related investment products, including exchange-traded funds (ETFs). “In January 2024, Google will update the Cryptocurrencies and related products policy to clarify the scope and requirements for the advertisement of Cryptocurrency Coin Trusts.” Google update In September, Google also allowed advertising for blockchain-based games using non-fungible tokens (NFTs). The company classified as permitted games that allow players to purchase in-game items, particularly virtual clothing for characters…

Argentine crypto influencers hope Javier Milei will shun FATF Travel Rule

After libertarian Javier Milei was sworn into the presidential office in Argentina on Dec. 10, the local crypto community is hoping he’ll keep some of his most radical promises and take the country to the same level of crypto adoption as his counterpart Nayib Bukele did with El Salvador.  On the day of his inauguration, Latin American outlet Cryptonoticias published “three requests to Milei from the Bitcoin community.” The vice president of the NGO Bitcoin Argentina, Camilo Jorajuría, called for Milei to respect the privacy of his people and not…

Crypto VC Firm C1 Explores Acquisitions in Australia, Targets Animoca Brands and Chainalysis

Australia’s recent regulatory developments in the crypto space coincide with C1’s endeavor to acquire private holdings in the country. Crypto venture capital firm C1 is making strategic moves to acquire private holdings in Australia’s crypto market, according to reports from local media, Australian Financial Review, citing a Pitch Deck seen by the company. The firm, founded by former Coinbase executives, plans to utilize its $500 million fund to purchase secondary shares from prominent companies and local ventures, preferably those with a minimum valuation of $300 million from series C funding…

Crypto fund worth $500M eyes Animoca Brands and Chainalysis: Report

C1 Secondaries Fund, which has assets worth $500 million, is looking to invest in crypto firms such as Animoca Brands and Chainalysis as crypto markets continue their bullish momentum. Citing a pitch deck, the Australian Financial Review report on Dec. 10 said the Silicon Valley and United Arab Emirates-based fund is prepared to write $20 million to $50 million cheques to buy private holdings in crypto companies with a valuation of $300 million and above in its last funding round. Animoca Brands’ last capital raise sold shares at around $4.50. However, the C1 Fund,…

$300M crypto long liquidations — 5 things to know in Bitcoin this week

Bitcoin (BTC) starts a key week for macro markets with a bump as the weekly close gives way to a sharp 7% BTC price correction. In a fresh bout of volatility, the largest cryptocurrency broke down toward $40,000, reaching its lowest levels in a week. Arguably long overdue, Bitcoin’s return to test support nonetheless caught bullish latecomers by surprise, liquidating almost $100 million in longs. The snap move provides a rude awakening for BTC investors at the start of a week, which already holds a multitude of potential volatility triggers.…

Conio, Backed by Italian Banks, Partners with Coinbase for Supporting Crypto Banking in Italy

“Conio created the first multisig bitcoin wallet for smartphones in Italy, and we are now enlarging the custody capabilities because Italian banks are demanding more in the way of digital assets,” said Conio general manager Orlando Merone in an interview. “We are adding EVM Ethereum Virtual Machine chains, and the target is to cover almost 60% of the digital assets market by next year.” Source

Crypto exchange HTX see outflows top $258M following exploit

Crypto investors have been moving their assets away from crypto exchange HTX (formerly known as Huobi) following a Nov. 22 exploit that saw the exchange pause its services and lose a total of $30 million.  Between Nov. 25 — the day that HTX resumed its services — and Dec. 10, the exchange witnessed some $258 million in net outflows, according to data from DefiLlama. HTX witnessed $258 million in net outflows between Nov. 25 and Dec. 10. Source: DefiLlama DefiLlama data shows HTX’s reserves comprise 32.3% Bitcoin (BTC) and 31.8%…

Google updates policy to allow ads for US crypto trusts

Tech giant Google has updated its cryptocurrency-related advertising policy to allow ads about crypto trusts from the end of January, the same month that spot Bitcoin (BTC) exchange-traded-funds are predicted to be approved in the United States. In a Dec. 6 policy change log, Google said its crypto and related products ad policy will be updated on Jan. 29, 2024, to allow ads from “advertisers offering Cryptocurrency Coin Trust targeting the United States.” Cryptocurrency Coin Trusts were exampled as “financial products that allow investors to trade shares in trusts holding…