Tag: Firm

Crypto Trading Firm Expects Bitcoin To Crash To $36,000, Here’s Why

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A recent market update by the trading firm QCP Capital has provided insights into how Bitcoin’s price would react if a Spot Bitcoin ETF gets approved in January. The firm predicts that there could be a major retracement before any move to the upside. Bitcoin Could Retrace To $36,000 QCP Capital predicts that Bitcoin could retrace to around $36,000 before an uptrend resumes. At the same time, they expect Bitcoin to face a topside resistance between the $45,000 and $48,500 region. These projections are based on what they expect to…

Bitcoin firm above $40K, Michael Saylor says bull run imminent

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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. The Bitcoin price is pushing ahead, up 2.22% in the last day. Currently, it is trading at $43.7K, with Bitcoin Key Opinion Leader and MicroStrategy co-founder Michael Saylor predicting that the next bull run is near. Meanwhile, a new crypto mining project, Bitcoin Minetrix, is also gathering pace. Its presale has raised over $5.6 million. Spot Bitcoin ETFs and halving will kickstart 2024 bull run In a recent conversation…

Shiba Inu Working With Web3 Domain Firm D3 to Soon Offer ‘.shib’ Domain

“Our partnership with D3 allows us to scale outside of the existing ShibArmy and give over 5 billion Internet users direct access to the SHIB ecosystem,” said Shytoshi Kusama, Lead Developer of Shiba Inu. “Bringing real domains to SHIB is a big deal, expanding our vision for digital identities within our decentralized ecosystem while driving long-term revenue generation within the ecosystem.” Source

US court approves settlement against Binance, firm to pay $2.7B to CFTC

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A United States court has entered an order against crypto exchange Binance and its former CEO, Changpeng “CZ” Zhao, that will see Binance pay $2.7 billion and CZ pay $150 million to the Commodity Futures Trading Commission (CFTC). In a Dec. 18 statement, the CFTC announced that the U.S. District Court for the Northern District of Illinois had approved the previously announced settlement and concluded the enforcement action first issued by the CFTC in November.  “The court finds Zhao and Binance violated the Commodity Exchange Act (CEA) and CFTC regulations,…

Sanctioned mining firm BitRiver sees crypto interest surge among Russian oil majors

Russian Bitcoin mining firm BitRiver says the country can become a leader in the global industrial crypto just within a few years. According to BitRiver CEO Igor Runets, Russia has enough resources to become a global leader in crypto mining using associated petroleum gas (APG) as other countries such as the U.S., Canada, Kazakhstan and others have also successfully piloted this method of mining, Russian media outlet RBC reports. Runets revealed that BitRiver’s operational data centers powered by APG currently account for at least 50% of the entire mining market…

Web3 firm sees future where gamers rent out their in-game assets for crypto

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Imagine a future where a player is able to rent an in-game item via blockchain, giving them tools to pass a difficult level, or borrow an NFT that gives them the ability to try a new game on their wishlist. Such a feature is one that Polemos co-founder Richard McLaren is hoping will one day become the norm, along with an economy where players rent out their in-game assets for a fee. In an interview with Cointelegraph, McLaren announced a new partnership between his gaming infrastructure service Polemos and fantasy…

USDT Flowing to Crypto Exchanges Brings New Buying Power To Counter Sell-Offs, Says Analytics Firm Santiment

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Top stablecoin USDT has flowed onto crypto exchanges in the past six months, a potentially bullish indicator, according to the crypto analytics firm Santiment. The firm notes that Bitcoin (BTC) has been moving back “mildly” onto exchanges this month due to trader uncertainty. Santiment, however, says that USDT exchange inflows have also countered the BTC sell-off. There’s now nearly 7% more of the Tether-issued stablecoin on exchanges than six months ago, representing new buying power that’s a “great sign for bulls,” according to the analytics firm. Nearly 26% of USDT’s…

Ethereum scaling firm =nil; Foundation introduces security-focused zkEVM

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Zero-knowledge technology firm =nil; Foundation has developed a new type-1 zero-knowledge Ethereum Virtual Machine (zkEVM) compiler to address security concerns identified in similar ZK-powered Ethereum scaling solutions. Speaking exclusively to Cointelegraph, =nil; Foundation CEO and co-founder Misha Komarov says the technology prioritizes security and allows high-level programming code to be compiled automatically into Zero-Knowledge Succinct Non-Interactive Argument of Knowledge (zk-SNARKS) circuits. The firm’s zkEVM is designed to be compatible with evmone, which is a C++ version of Ethereum’s base execution environment. The key takeaway is that the code of applications…

Dubai awards conditional crypto license to climate-friendly Web3 firm

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Dubai’s Virtual Assets Regulatory Authority (VARA) granted a conditional license to Enjinstarter’s AYA platform for offering crypto asset and investment services.  On Dec. 11, the Dubai arm of Web3 launchpad and advisory firm Enjinstarter received a crypto license subject to fulfilling certain conditions before the commencement of services. After meeting all the requirements of the Dubai regulator VARA, the platform will be subject to regulatory re-verification and approval. The announcement read: “The license remains non-operational until the company fully satisfies all remaining conditions and select localization requirements defined by VARA.”…