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Crypto, Bitcoin and Blockchain News Admin: @wanwangg More Crypto News: @BitcoinBreaking
💰 Bitcoin (BTC) Price Can Reach $112K This Year: CryptoQuant CEO
BTC’s worst-case scenario high for 2024 is at $55,000, said Ki Young Ju. Bitcoin’s price is poised for an upcoming rally this year, and the best scenario can take the asset to above $100,000 for the first time ever, said the CEO of CryptoQuant – Ki Young Ju. To do so, though, certain developments have to transpire, which are mostly related to the recently approved spot Bitcoin ETFs in the United States.
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🟠 Bitcoin is the new gold and all ETF news help nation-states come to terms with that reality 💪
Samson Mow and Robert Breedlove discuss why there's no going back from this as more money keeps flowing into the new ETFs!
@ChartsSignalsTrading
🇰🇵 UN probes $3B North Korean cyberattacks on crypto firms: Report
The United Nations (UN) is reportedly investigating hacking groups tied to the Democratic People’s Republic of Korea (DPRK) for orchestrating cyberattacks on cryptocurrency firms over six years, amassing profits of approximately $3 billion. According to a recent Reuters report, citing unpublished UN documents, an independent sanction committee is overseeing the investigation into the DPRK-linked hacking groups.
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📣 JPMorgan Survey Shows Over Half of Institutional Traders Don't Want Crypto Exposure
Banking giant JPMorgan's survey found that 78% of institutional traders aren't planning to trade cryptocurrencies in the next five years, and just a small group sees blockchain/distributed ledger technology (DLT) as the most influential technology in shaping the future of trading over the next three years. The participants seem less enthusiastic about blockchain technology in 2024 compared to the previous two years.
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⬜️ OKX launches exchange services and crypto wallet in Argentina
Crypto exchange OKX has launched its crypto exchange services and digital wallet platform in Argentina. Users in Argentina can access OKX's non-custodial web3 wallet for DeFi activity, NFTs and dApp usage, according to statement. Argentinian users can also access the firm's peer-to-peer trading platform, OKX P2P, which will let verified regional customers enact trades with Spanish-language support and local payment options.
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NEW: 🟠 MicroStrategy now holds 190,000 $BTC worth over $8.2 BILLION 🤯
@ChartsSignalsTrading
💰 Grayscale CEO advocates for spot Bitcoin ETF options to gain approval
Grayscale CEO Michael Sonnenshein urged regulators to approve spot Bitcoin exchange-traded fund (ETF) options in a statement on Feb. 5. He noted that the New York Stock Exchange (NYSE) and other national securities exchanges have recently submitted filings that would allow options trading on commodity-based ETFs like Grayscale’s own GBTC fund.
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🪙 Stablecoin Tether’s Increasing Dominance Is Bad for Crypto Markets, JPMorgan Says
The increasing dominance of stablecoin tether (USDT) is bad for the wider crypto ecosystem, JPMorgan (JPM) said in a research report Thursday. The bank said it views the "increasing concentration in tether over the past year as a negative for the stablecoin universe and the crypto ecosystem more broadly. Stablecoins are facing regulatory risk across multiple jurisdictions, and “tether is mostly at risk given its lack of regulatory compliance and transparency,” analysts led by Nikolaos Panigirtzoglou wrote.
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🇦🇷 Argentine Government Removes Tax on Bitcoin
The recently inaugurated government of Argentina, under the leadership of President Javier Milei, who is recognized for his strong liberal stance and support for Bitcoin, has introduced a comprehensive bill to the legislative body translated as “Law of Foundations and Initial Measures for Argentinian Liberty”.
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Best Telegram Crypto Channels 2024: Explore the World of Cryptocurrency
Dive into the dynamic realm of cryptocurrency with our curated list of the Best Telegram Crypto Channels for 2024. Whether you're a seasoned investor or a curious newcomer, this comprehensive guide offers something for everyone. From breaking news in the crypto world to in-depth analysis of market trends, trading signals, and insights into DeFi, NFTs, and the Metaverse, these channels are your go-to source for staying ahead in the fast-paced world of digital currencies. Stay informed, make educated decisions, and join the conversation today in the ever-evolving landscape of cryptocurrency with the best resources Telegram has to offer for 2024.
1️⃣General Crypto News & Updates
- @CryptoWorldNews
- @cryptomagazine
- @Cryptocurrency_Inside
- @Crypto_Publisher
- @CryptoWorldICOs
- @Bitcoin_Magazine
- @Bitcoin_NewsTG
- @BitcoinAltcoinCryptoNews
- @Crypto_Bitcoin_Trading_News
- @Crypto_Bitcoin_Blockchain
- @CryptoWorldAnalysis
- @CryptoNewsSource
- @altcoinnews
- @Crypto_ShortNews
- @crypto_signals_charts
- @Cash_Blockchain_News
2️⃣Specific Cryptocurrency News (Bitcoin, Ethereum, etc.)
- @bitcoinnews
- @Bitcoin_Insights
- @ethereumnews
- @Bitcoin_Ethereum_Trading
- @Bitcoin_Crypto_Coin_Calendar
- @Ethereum_Merge
- @EthereumBitcoinNews
3️⃣Trading, Charts & Signals
- @Binance_Coinbase_Bybit
- @altcointrading
- @Crypto_Futures_Trading
- @Bitcoin_Ethereum_Altcoins
- @Bitcoin_Crypto_Signals
- @ChartsSignalsTrading
- @Crypto_Trading_Reports
- @Premium_Trading_Crypto_Signals
- @Signals_Charts
- @Charts_Trading
- @InvestmentTradingUpdates
- @BitcoinBreaking
4️⃣DeFi, NFTs, Metaverse
- @DeFi_ICO_Invest
- @Metaverse_Crypto_Web3_GameFi
- @DeFi_Updates
- @NFTs_DeFi
- @DeFi_Ethereum
- @Defi_Trading_Nfts_Metaverse
- @Nfts_Hype
- @Metaverse_Defi_Nfts_Trading
- @NFTs_Metaverse_Coins
- @Nfts_Defi_Metaverse_News
- @Crypto_Nfts_Metaverse
- @Facebook_Metaverse_Nfts
- @Metaverse_Nfts_WEB3
5️⃣Market Analysis & Financial Updates
- @CryptoMarketTime
- @FinancialWorldUpdates
- @Uniswap_PancakeSwap
- @Blockchain_Crypto_Bitcoin
- @Cryptocommunity
- @BitcoinsHalving
- @Stocknews
- @Tradingnews
- @Coin_Trading_News
6️⃣AI and Tech in Crypto
- @Ai_Tools_Hunt
- @ChatGPT_News_Ai
7️⃣Humor and Community
- @Bitcoin_Crypto_Memes
- @Bitcoin_Action
🟠 Steve Christie returns to Binance as Deputy Chief Compliance Officer
Crypto exchange Binance has hired its former Senior Vice President of Compliance Steve Christie as the firm's Deputy Chief Compliance Officer. Christie will help bolster the crypto exchange's global compliance program and work with regulators, industry leaders and others to keep Binance aligned with regulatory practices.
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/channel/Crypto_Bitcoin_Blockchain
🪙 JPMorgan says Tether's increasing dominance is negative for crypto
“Tether is mostly at risk given its lack of regulatory compliance and transparency,” JPMorgan analysts said. "Tether is mostly at risk given its lack of regulatory compliance and transparency," JPMorgan analysts led by Nikolaos Panigirtzoglou wrote in a report on Thursday. "We therefore view the increasing concentration in Tether over the past year as a negative for the stablecoin universe and the crypto ecosystem more broadly.
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/channel/Crypto_Bitcoin_Blockchain
💰 Bankrupt FTX won't be restarting, but former customers will get money back in full
Bankrupt cryptocurrency exchange FTX said it plans to repay former customers in full even though it has abandoned plans to restart the exchange. "We currently anticipate that we will have sufficient funds to pay all allowed customer and creditor claims in full," FTX lawyer Andrew Dietderich told a judge on Wednesday during a hearing.
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💰 GBTC Holdings Dip Below 500K BTC as Rivals Ramp up Accumulation
The latest data from Grayscale’s GBTC reveals that the trust’s bitcoin holdings have diminished to below 500,000, following a departure of 6,138.79 bitcoin from its reserves in the past day. Conversely, Blackrock’s IBIT has bolstered its bitcoin assets by 4,603.24 bitcoin, valued at $199 million.
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🇪🇺 Binance Survey: 73% of European Users Optimistic About Crypto's Future
A new Binance survey has found that 73% of European respondents are optimistic about the future of crypto, with 55% exclusively using cryptocurrencies for everyday purchases. “We are delighted to see the high level of optimism amongst European crypto users, reflecting the growing interest in crypto and blockchain technologies,” said Binance’s CMO.
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💰 Bitcoin Records 5 Green Months Amid Accumulation Wave Hitting a 3-Year High
As Bitcoin (BTC) edges closer to the psychological price of $50,000 thanks to heightened bullish momentum, the leading cryptocurrency has been in the green for a couple of months. Bitcoin looks set to close this month on a high, having been in the green for five months, from September 2023 to January this year.
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🇬🇧 UK’s Planned Stablecoin Rules Need Reworking, Crypto Advocates Say
Crypto industry groups in the U.K. say local regulators’ proposals for supervising stablecoins need reworking. In November, the Bank of England (BoE) and Financial Conduct Authority (FCA) published discussion papers on their plans for regulating crypto pegged to the value of fiat currencies or other steady assets. The industry’s responses to the consultation reveal crypto advocates have mixed feelings about the proposals.
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🪙 Ethereum restaking protocol Eigenlayer TVL surges amid rising ETH staking
EigenLayer, an Ethereum-based restaking protocol, has surged past Uniswap, the foremost decentralized exchange (DEX) on the Ethereum network, regarding total locked value (TVL). Data from DeFillama shows that EigenLayer has emerged as the top-performing decentralized finance (DeFi) protocol over the past month. Its TVL skyrocketed by 171% in the last seven days alone, reaching $5.67 billion, positioning it as the fifth-largest DeFi protocol.
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💰 78% of crypto industry expect new Bitcoin all-time high within 12 months
Finder’s latest survey of 40 crypto founders, executives, and educators reveals a bullish outlook for Bitcoin, projecting its value to increase significantly through 2030. The consensus among the panel suggests a positive trajectory for Bitcoin, predicting its value to rise to $77,423 by the end of 2024, $122,688 by 2025, and $366,935 by 2030. These projections mark a notable uptick in optimism compared to past surveys, indicating the growing bullish sentiment within the sector.
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💰 Grayscale CEO Seeks Options Trading for Bitcoin ETFs
In a recent statement, Sonnenshein urged regulators to approve spot Bitcoin ETF options, highlighting their potential to enhance market accessibility and improve risk management strategies for investors. He emphasized the importance of developing a robust listed options market for spot Bitcoin ETFs to provide investors with additional tools for navigating market conditions effectively.
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💰 BlackRock's Bitcoin ETF reaches top 0.2% of all ETFs so far this year
BlackRock’s iShares Bitcoin exchange-traded fund (ETF) has made it into the top 0.16% of all United States-issued ETF products. The spot Bitcoin ETF has topped $3.19 billion in flows, according to Feb. 5 data from Senior Bloomberg ETF analyst Eric Balchunas, being surpassed only by broad index funds tracking the S&P 500 and Vanguard’s Total Stock Market ETF. Fidelity’s Bitcoin Fund is also a top performer with $2.51 billion — placing it eighth among U.S.-based ETF products.
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🇺🇸 SEC wins motion to disclose Ripple financial statements, XRP sales details
Judge Sarah Netburn ruled in favor of the SEC, ordering Ripple to disclose its financial statements for 2022-2023. The decision aims to shed light on Ripple’s financial dealings and the impact of its post-complaint contracts and institutional XRP sales on the case’s outcome. “At this stage, the Court sees no basis to short-circuit that inquiry by denying access to readily available information that may be probative to the remedy stage,” Netburn said.
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💰 9 New ETFs Capture 177,949 Bitcoin, Pulling Nearly 40M BTC off Market After GBTC Outflows
In the latest reports, a number of the nine spot bitcoin exchange-traded funds (ETFs) that were launched on Jan. 11, 2024, have increased their bitcoin holdings following the last day of trading activity recorded on Feb. 2, 2024. According to the data, Blackrock’s IBIT now possesses 72,466.64 bitcoin, valued at $3.12 billion, and Fidelity’s Wise Origin ETF, FBTC, currently owns 60,054.87 BTC, estimated at $2.58 billion.
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💰 Ark Invest Discusses 4 'Major Catalysts' Driving Bitcoin Price in 2024
Asset management firm Ark Invest has highlighted four major catalysts that will drive the price of bitcoin this year. “Bitcoin has emerged as an independent asset class worthy of a strategic allocation in institutional portfolios,” Ark described in its Big Ideas 2024 publication. “The shift in perception of bitcoin — from a speculative instrument to a strategic investment in a diversified portfolio — should characterize its evolution in 2024.”
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🪙 Tether CEO bashes JPMorgan’s ‘hypocrisy’ amid stablecoin dominance concerns
Tether CEO Paolo Ardoino slammed Wall Street giant JPMorgan’s “hypocrisy” to raise concerns about the stablecoin issuer’s dominant position in the cryptocurrency market while being the “biggest bank in the world.” In a Feb. 2 statement sent to CryptoSlate, Ardoino stated that Tether’s market dominance has proven crucial for the emerging industry despite the negative perceptions that its competitors and banks have about it.
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💰 Bitcoin's Mining Difficulty Skyrockets by 7.33%, Setting New Record for 2024
On Friday, Feb. 2, 2024, the Bitcoin network witnessed a significant milestone as its mining complexity metric surged by 7.33% at block height 828,576. This marked the most substantial increase in difficulty for the year thus far. The current level of difficulty stands at 75.50 trillion, reaffirming its status as the most challenging period for bitcoin mining to date.
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🏦 Coinbase targets 'VIP' crypto traders at rival exchanges with no-fee promo
Coinbase has announced a new promotion aimed at luring high-volume traders away from rival cryptocurrency trading platforms. "We’re making it possible for high volume traders from other exchanges with over $500,000 in monthly trading volume to fast-track to lower fee tiers and pay as low as 0.0% maker fees on spot trades on Coinbase Advanced," the company said in a blog post.
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🪙 Tether reports profit of $2.9 billion in Q4 attestation, with $5.4 billion in excess reserves
Stablecoin issuer Tether reached a record $2.9 billion net profit in Q4 2023 and set an all-time high increase in excess reserves backing its tokens in circulation, according to its latest attestation report conducted by global auditing firm BDO. Net operating profit was around $1 billion, primarily resulting from holdings of U.S. Treasuries, with the rest of the gains largely related to the appreciation in the value of Tether's bitcoin and gold reserves during the quarter.
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🔵 Circle will launch USDC on the Celo network
Circle, issuer of the stablecoins including USDC and EURC, will launch its USD-pegged stablecoin on Celo , the Layer 1 that's transitioning into an Ethereum Layer 2 scaling network. In addition to natively launching the token, an imminent governance vote will determine if USDC will act as Celo's official gas currency.
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💰 BlackRock Bitcoin ETF passes $2B holdings as GBTC outflows dip 50%
Data showed BTC price action continuing to retreat from local highs of $42,800 seen over the weekend. The largest cryptocurrency, fresh from a promising weekly close, faced familiar hurdles into the new week, with outflows from the Grayscale Bitcoin Trust (GBTC) resuming. On the day, Bloomberg Intelligence analyst James Seyffart additionally noted that more than $5 billion had left GBTC since its conversion to an ETF. On Jan. 26, the latest full day’s trading, spot Bitcoin ETFs in total saw net inflows of $759 million despite the GBTC headwind.
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