The US Securities and Exchange Commission (SEC) is expected to notify asset managers regarding the approval of their spot Bitcoin ETF applications as early as next week, according to a report from Reuters. This update comes ahead of the January 10 deadline for the SEC to make a decision on whether or not to green-light
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In 2023, cryptocurrency investments experienced a notable transformation as crypto venture capital (VC) funding saw a significant decline of 68%. The total investment dropped from $33.3 billion in 2022 to $10.7 billion. However, despite this decrease, 2023 remains the third-highest year in terms of total crypto investments, surpassing the figures seen during the previous bear
The notorious crypto-hacking group known as Pink Drainer has once again made headlines with their involvement in a highly sophisticated phishing scam. This time, the scam resulted in a loss of $4.4 million worth of Chainlink (LINK) tokens. Targeting a single victim, Pink Drainer employed a deceptive tactic that led to the signing of a
Catalyx, a Canadian-based crypto trading platform, recently fell victim to a serious security breach. This unfortunate incident resulted in the loss of customer funds held in its custody. Despite the lack of specific details regarding the exact value of the loss, Catalyx has taken immediate action by suspending both crypto and fiat withdrawals while investigations
The emergence of OpenAI’s ChatGPT last year has sparked a wave of innovation in artificial intelligence (AI) technology. This development has not only revolutionized various industries but has also had a significant impact on the cryptocurrency market. Traders are now drawn to protocols that offer compelling AI-based use cases and value propositions, giving rise to
The custody division at Coinbase Global, a prominent cryptocurrency exchange, has recently undergone a change in leadership, signaling the company’s strategic move to cater to the growing demand for custodial services from Bitcoin exchange-traded fund (ETF) applicants. Aaron Schnarch, the former CEO of Coinbase Custody, has stepped down from his position and has been replaced
The cryptocurrency market has been through significant challenges in 2023, such as regulatory hurdles and reputation concerns. However, Bitfinex, a prominent cryptocurrency exchange, remains optimistic about the future growth and resilience of Bitcoin and other crypto assets. In their year-end Alpha report, Bitfinex predicts that the total market capitalization, which currently stands at approximately $1.6
Bitcoin price recently faced significant resistance near the $44,000 zone, signaling potential downside risks. This article examines the current price movement and key levels to watch, including support and resistance levels that could determine Bitcoin’s future direction. After attempting to break above the $43,200 level, BTC struggled to surpass the crucial resistance zone of $44,000.
Blockchain gaming has gained significant popularity and shows no signs of slowing down. One of the key trends shaping this exciting landscape is the emergence of the Play-to-Earn model, which challenges the traditional Pay-to-Play approach. With the Play-to-Earn model, players have the opportunity to earn money while playing games, providing them with a new source
In a bold and controversial move, U.S. Congressman Warren Davidson, supported by House Majority Whip Tom Emmer, has called for the firing of SEC Chair Gary Gensler in 2024. This decision comes as a response to alleged corruption and abuses of power within the Securities and Exchange Commission (SEC). Throughout 2023, tensions between the SEC
China has ramped up its efforts to regulate the use of cryptocurrencies in illegal foreign exchange (forex) trading, specifically targeting the misuse of stablecoins like Tether (USDT). The initiative is part of the country’s broader strategy to combat financial fraud and maintain stability in its forex market. Recent cases of using USDT as a medium
Worldcoin, a project centered around identity verification, has recently launched its services in Singapore. This move comes after the release of World ID 2.0 and the open-sourcing of the Worldcoin iris recognition pipeline. In addition to the expansion in Singapore, Worldcoin has been steadily growing its verification locations across various countries. In Singapore, individuals can
Coinbase International Exchange recently announced a significant change in its leverage limits for perpetual future contracts. The platform emphasized the benefits of these changes, but it is crucial for traders to understand the risks associated with leverage trading. This article explores the new limits and their potential impact on investors. New Leverage Limits Coinbase International
In recent weeks, a wallet associated with former U.S. President Donald Trump has made headlines by transferring over $2.4 million worth of ether (ETH) to the popular cryptocurrency exchange Coinbase. This significant movement of funds has caught the attention of on-chain firm Arkham Intelligence, which previously identified digital assets linked to Trump based on financial