CryptoNews

Bitcoin Plummets Below $40K for First Time in 48 Days, Triggering Market-Wide Crypto Slide

January 23, 2024
On Monday, Jan. 22, 2024, the value of bitcoin fell below the $40K mark for the first time in 48 days, as per market analysis. In the last 24 hours, bitcoin witnessed a 4% decline, with a 14.2% decrease observed over the preceding two weeks. Bears Take the Reigns—Bitcoin Falls Under $40K Amid Market Turbulence Since early December 2023, specifically since Dec. 5, 2023, bitcoin’s price has…
Read more
CryptoNews

CFTC Files Civil Enforcement Action Against Bogus Crypto Exchange Debiex

January 22, 2024
The U.S. commodities regulator revealed on Jan. 19 that it had filed a civil enforcement action against a bogus digital asset exchange platform. According to the Commission, Debiex customers were not aware that the entire set-up was a clever scam designed to dupe prospective investors. Romance Scam Tactics The Commodities Futures Trading Commission (CFTC) announced on Jan. 19 that it had filed a…
Read more
CryptoNews

Morgan Stanley Sounds Alarm on US Dollar's Dominance — Says Crypto Could Significantly Alter Currency Landscape

January 22, 2024
Morgan Stanley has warned about the risk of the U.S. dollar losing its dominance, fueled by growing interest in digital assets, including bitcoin. Emphasizing that the U.S. dollar’s dominance “is being increasingly scrutinized,” the investment bank stated: “A clear shift towards reducing dollar-dependency is evident, simultaneously fueling interest in digital currencies such as bitcoin…
Read more
CryptoNews

Solana Mobile Announces Saga Successor: Chapter 2

January 19, 2024
Solana Mobile, a subsidiary of Solana Labs, has announced the release of a new phone named Chapter 2. The new phone, whose technical specs have not been announced yet, is projected to be a lower-cost alternative to its Saga sibling, priced at $1,000 on its release…
CryptoNews

In Social Media Buzz, Investment Giant Franklin Templeton Commends Ethereum and Solana's Advances 

January 19, 2024
Based in San Mateo, the prominent investment management firm, Franklin Templeton, has been actively posting about digital assets on social media following the recent approval of its new spot bitcoin exchange-traded fund (ETF). The firm’s U.S. X account now sports a modified logo featuring Benjamin Franklin with laser eyes. This Wednesday, the account prominently recognized both Ethereum and the…
Read more