CryptoNews

Solana Unleashes Token Extensions to Enhance SPL Token Standard

January 25, 2024
On Wednesday, Solana Labs unveiled the launch of token extensions, marking a noteworthy advancement in the SPL Token standard. The blockchain network’s token extensions aim to provide a suite of solutions for businesses transitioning to distributed ledger technology, emphasizing security, compliance, and ease of use. Solana’s New Token Extensions Set to Boost Blockchain Adoption According to…
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Number of Crypto Owners Globally Reached 580 Million in 2023, Report Shows

January 24, 2024
The number of global crypto owners surged 34% in 2023, reaching 580 million by December, a new report shows. In particular, bitcoin ownership surged 33% while Ethereum saw an even steeper rise of 39%. The report pinpoints the approval of spot bitcoin exchange-traded funds (ETFs) and the Bitcoin Ordinals protocol as key drivers of bitcoin adoption growth, alongside strong institutional…
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Tornado Cash Co-Founder Braces for Precedent-Setting Trial in US

January 24, 2024
Roman Storm, facing multiple federal charges related to his role in the creation of Tornado Cash, is bracing for a trial in the United States. Scheduled for September 2024, the trial could have far-reaching implications for the crypto industry and digital privacy laws. Roman…
CryptoNews

JPMorgan Sees Challenges Ahead for Crypto Market — Downgrades Coinbase Stock

January 24, 2024
Warning of a difficult time ahead for the crypto market, global investment bank JPMorgan has downgraded Coinbase stock. Emphasizing that crypto prices are already under pressure, JPMorgan warned of “greater potential for cryptocurrency ETF enthusiasm to further deflate,” driving with it lower crypto prices and trading volume. JPMorgan’s Crypto Market Outlook, Coinbase’s Downgrade Global…
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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…
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