The expected approval of spot bitcoin exchange-traded funds (ETFs) applications by the U.S. Securities and Exchange Commission will see the top crypto asset’s price jumping to $50,000 in January, the latest market preview by Matrixport has predicted. The crypto financial services platform said the approval of ETFs, combined with bitcoin halving, will likely see the price of BTC rising to…
Crypto exchange Coinbase says that it has “extensively prepared” for spot bitcoin exchange-traded fund (ETF) approvals by the U.S. Securities and Exchange Commission (SEC). Most spot bitcoin ETF applicants have named the Nasdaq-listed crypto platform as the custodian for…
'Bitcoin in the West Has Sold out, and Now Only the Global South Can Save BTC' — Ray Youssef – Interview Bitcoin News
January 2, 2024
According to Ray Youssef, the CEO of Noones, peer-to-peer (P2P) bitcoin trading is the United States’ public enemy number one because its potential widespread adoption by people from the Global South represents the “world’s first real threat to the U.S. Treasury…
Market Dynamics Shift as NFT Sales Tumble 63% Year Over Year – Market Updates Bitcoin News
January 2, 2024
According to recent statistics on non-fungible tokens (NFTs) for the past year, sales hit $8.70 billion in 2023. This figure represents a $15.04 billion or 63.35% decrease in NFT sales compared to the previous year.
2023’s NFT Sales Volume Declined Sharply, but Year-End Market Dynamics Hint at Diversity and Growth
Throughout 2023, despite an uptick in demand towards the year’s end, the annual…
Throughout the past year, enthusiasm and speculation around bitcoin and other crypto assets have surged, particularly as the year drew to a conclusion. The Motley Fool’s forecasts for 2024 strike a pessimistic tone, anticipating a “buy the rumor, sell the news”…
As the clock turned to 2024, bitcoin’s price danced between $42,094 and $42,781 per unit. On Jan. 1, amid the holiday’s quiet, bitcoin’s current technical indicators offer a mixed bag of signals, setting a contemplative stage for the year ahead.
Bitcoin
Jan. 1, 2024…
Cryptocurrency Miner Kidnapped for Ransom in Russia
January 2, 2024
In Izhevsk, Russia, a 23-year-old bitcoin miner was forcefully abducted from his residence as kidnappers demanded a ransom of 15 million rubles ($166,000).
23-Year-Old Russian Bitcoin Miner Kidnapped for Ransom
On Dec. 25, in a rapid sequence of events, it was reported that the crypto miner was kidnapped and subjected to coercion. The ordeal began when he was abruptly seized from his dwelling and…
L2 Protocol Blast Soars Past $1 Billion in Locked Crypto Value
December 29, 2023
Statistics reveal that the Ethereum layer two (L2) platform Blast now secures over $1 billion within its protocol. The total value locked (TVL) in Blast has expanded more than twelvefold since its launch in late November.
Blast’s TVL Hits $1 Billion
Initially, on Nov. 22…
Elon Musk Criticizes NFTs, Gives Nod to Inscriptions: 'At Least Encode the Jpeg on the Blockchain'
December 29, 2023
Elon Musk, the chairman of X, has referred to non-fungible tokens (NFTs) and the defects of their implementation, indirectly making the case for inscriptions. Answering a post on X on the topic of NFTs, Musk suggested saving the jpeg (an image format) of the NFT on the…
Former US President Donald Trump Selling ETH Worth Millions of Dollars, Analysis Indicates
December 29, 2023
An analysis by crypto intelligence firm Arkham indicates that Donald Trump, the 45th President of the United States, is selling millions of dollars in ether acquired from selling his non-fungible token (NFT) collections. The analytics firm also revealed that Trump’s highest crypto balance reached $4 million. Based on deposit analysis to date, the former U.S. president has sold 1,325 ETH…
