143258
We have the best crypto news feed on Telegram ▶️ Bitcoin Updates ▶️ Trading Signals ▶️ Crypto News ▶️ upcoming ICOs ▪️Join Now: @CryptoNewsSource Admin: @Crypto_Marcus
🪙 Galaxy predicts ‘unprecedented challenges’ for Ethereum in 2024
Mike Novogratz’s crypto bank Galaxy Digital says 2024 will be a crucial year for Ethereum, as other layer-1 blockchains will raise the stakes. Ethereum appears to be navigating uncharted waters, as the network is set to face “unprecedented challenges” in 2024 presented by alternative layer-1 networks such as Solana, Galaxy Digital writes in its “Watch This Space” report.
Source
/channel/CryptoNewsSource
💰 Bitfarms Expands Mining Operations With New 100 MW Facility in Paraguay, Aiming for 21 EH/s Capacity by Year End
On Wednesday, Bitfarms, a bitcoin mining enterprise listed on the U.S. stock market, revealed the successful acquisition of a new site in Yguazu, Paraguay, earmarked for a 100 megawatt (MW) mining facility. This development is part of Bitfarms’ ambitious plan to escalate its capacity to 21 exahash per second (EH/s) by year’s end.
Source
/channel/CryptoNewsSource
🏦 Coinbase urges US Treasury to reconsider bulk data reporting in proposed crypto mixing rules
Coinbase said the U.S. Treasury’s proposed rulemaking on cryptocurrency mixing fails to adequately address a regulatory gap while demanding unnecessary amounts of data and resources from crypto platforms. In a comment filed Monday to the Treasury Department's Financial Crimes Enforcement Network (FinCEN), Coinbase suggested that regulated crypto platforms are already obligated to recordkeeping and reporting rules on suspicious activities and illicit crypto mixing.
Source
/channel/CryptoNewsSource
🟠 Binance and SEC face off in court with detailed questioning from judge
Binance, the largest crypto exchange in the world, faced the Securities and Exchange Commission in court on Monday in an effort to have a lawsuit brought against it by the regulator dismissed. Both parties were met with questions from the judge about why certain cryptocurrencies should be considered securities and subject to the SEC's rules.
Source
/channel/CryptoNewsSource
💰 Bitcoin is attempting to close the CME gap between $40.3k -$39.6k.
Holding Long from $41k.. A rebound from approx $39,000 would be positive 📈, but closing below this level could signal a bearish trend. 📉
@CryptoMagazine
🏦 Coinbase has 70% chance of full dismissal in SEC lawsuit — Litigation analyst
Bloomberg senior litigation analyst Elliott Stein has indicated he sees minimal likelihood of failure for cryptocurrency exchange Coinbase in its ongoing lawsuit against the United States Securities and Exchange Commission (SEC). Stein forecasts a 70% chance of the exchange securing a full dismissal in the lawsuit. The SEC alleges that by staking customer assets, earning rewards on their behalf and returning them, Coinbase is engaging in offering and selling investment contracts, thereby falling under SEC regulation.
Source
/channel/CryptoNewsSource
🇸🇻 El Salvador’s Bitcoin Adoption Drops Significantly: Survey Reveals a 12% Usage Rate in 2023
Among those surveyed, 6.8% see life improvement with Bitcoin adoption in El Salvador, but the majority, 93.2%, remain unconvinced of any positive impact. El Salvador made history by becoming the first nation to embrace Bitcoin as a legal tender more than two years ago. Although the country’s financial outlook has seen positive developments, a recent study carried out by José Simeón Cañas Central American University unveiled a mixed sentiment regarding the correlation between the adoption of Bitcoin and perceived improvements in personal well-being.
Source
/channel/CryptoNewsSource
🪙 Ethereum outpaces Bitcoin post-ETF launch as ETH/BTC ratio skyrockets
ETH/BTC ratio—a crucial indicator of two leading cryptocurrencies' interplay—has presented a compelling narrative. Recent trends have defied expectations set by high-profile events such as Ethereum's Merge and the launch of spot Bitcoin ETFs in the U.S. While the ratio experienced fluctuations, a sharp divergence emerged, raising questions about the underlying forces at play.
Source
/channel/CryptoNewsSource
🏦 Judge in Coinbase case says SEC’s securities definition may be too broad
A court hearing between Coinbase and the U.S. Securities and Exchange Commission (SEC) took place on Jan. 17 concerning earlier charges. In June 2023, the SEC alleged that Coinbase illegally operated a unregistered national securities exchange, broker, and clearing agency and that its crypto staking service involved the unregistered sale and offering of securities.
Source
/channel/CryptoNewsSource
🪙 Ripple’s Brad Garlinghouse Cancels US IPO Plan
Ripple’s CEO Brad Garlinghouse has announced suspending plans for an initial public offering (IPO) in the United States. Citing a “hostile” regulatory environment, Garlinghouse revealed that Ripple had explored alternative markets for its IPO, pointing to jurisdictions with clearer regulatory frameworks.
Source
/channel/CryptoNewsSource
🪙 Tether Dominance Reaches 71% as Market Cap Surges to Record $95B: Glassnode
Tether’s financial success goes beyond stablecoins, with a $3B Bitcoin investment portfolio as of Jan 4, 2024, proving substantial profit. Tether, the entity responsible for the USDT stablecoin, has experienced a surge in market dominance from 50% to an impressive 71% throughout 2023, as reported by Glassnode.
Source
/channel/CryptoNewsSource
🇰🇷 South Korea's Crypto Volumes Peak in 2024 as Upbit and Bithumb Dominate Local Market
In the last 100 days, South Korea’s crypto trading activity has experienced a significant upswing. The country’s leading crypto exchanges, Upbit and Bithumb, recorded their highest trading volumes in the initial week of January 2024.
Source
/channel/CryptoNewsSource
💰 Vanguard ceases support for Bitcoin futures ETF purchase
Vanguard, one of the world’s largest asset managers, continues to maintain its anti-Bitcoin sentiment, with the company recently stating that it would stop the purchase of Bitcoin futures exchange-traded funds (ETFs) on its platform.
Source
/channel/CryptoNewsSource
💰 Blackrock’s Spot Bitcoin ETF Now Holds 11,439 BTC
Blackrock’s spot bitcoin exchange-traded fund (ETF) has acquired 11,439 bitcoin, with a market value of nearly $500 million, within two days of trading on the Nasdaq stock exchange.
Source
/channel/CryptoNewsSource
🥇 VanEck Bitcoin ETF commercial
/channel/CryptoNewsSource
🥇BTC has moved to the 6.618 Fibonacci extension after a bull flag correction. We are currently in a small correction like in late 2017 and late 2020.
Will BTC move to its 6.618 Fib extension in this bull market? That would give us a target of 💵 ~$120K,” says Glassnode
@CryptoMagazine
💰 Bitcoin miner Core Scientific to resume trading on Nasdaq after reorganization
Texas-based bitcoin mining firm Core Scientific has announced its return to Nasdaq, resuming trading on Wednesday, as a result of reorganization efforts following its 2022 bankruptcy filing. The company said in a Tuesday statement that its restructuring plan allowed it to cut $400 million in debt by converting equipment lender and convertible note holder debt into equity.
Source
/channel/CryptoNewsSource
💰 Bitcoin Correction to $34K Predicted as Grayscale Dumping Continues
Bitcoin prices have dipped below the $40,000 level for the first time since early December as the crypto market correction deepens. BTC has dropped to its lowest price level for seven weeks, hitting $39,500 during Tuesday morning’s Asian trading session. The 3% daily decline has increased the size of the BTC pullback to 18.5% from its Jan. 10 high of $48,500. Moreover, analysts have predicted that the correction could continue and be as deep as 30%, which would drop Bitcoin prices back to $34,000.
Source
/channel/CryptoNewsSource
💰 Grayscale NAV flips BlackRock as IBIT records first discount to Bitcoin since launch
Conversely, after a prolonged period at a heavy discount, Grayscale’s (GBTC) NAV is now slightly tighter at just -0.27%, according to Y Charts data. GBTC saw a staggering 48% discount to NAV on Dec. 22. However, as anticipation of its conversion to a spot, Bitcoin ETF rose, the discount closed, reaching just -1.55% on the day it was converted. The discount has continued to close and has surpassed even some of the ‘Newborn Nine’ Bitcoin ETFs, such as IBIT.
Source
/channel/CryptoNewsSource
🚨 BREAKING: Reuter Reports Terraform Labs, Creator of TerraUSD Stablecoin, Files Chapter 11 Bankruptcy in the United States.
Terraform Labs, the company behind the stablecoin TerraUSD, which collapsed and roiled cryptocurrency markets, filed for Chapter 11 bankruptcy in the United States, according to court papers filed on Sunday.
Source
/channel/CryptoNewsSource
💰 Heightened Bitcoin Fees and Erratic Mining Revenues Herald Murky Shift as Halving Nears
Recent statistics reveal that for the past 75 days, starting from Nov. 6, 2023, the average transaction fee on the Bitcoin network has consistently stayed over $5. Additionally, since Dec. 4, 2023, these fees have predominantly been over $10, with a single exception occurring when it briefly fell to $8.33 per transaction.
Source
/channel/CryptoNewsSource
💰 Ripple challenges SEC request for financials, alleging it's untimely and irrelevant
Lawyers representing Ripple Labs have declared that the United States Securities and Exchange Commission's (SEC) request to examine additional financial documents is not valid, given the deadline has already passed and lacks relevance. In a recent court filing on Jan. 19, Ripple's legal team claimed that the SEC has changed its stance on collecting additional information during the discovery phase.
Source
/channel/CryptoNewsSource
💰 Tether Reportedly Bought 8.9K Bitcoin for $380M, Remaining 11th-Largest BTC Holder
Tether added to its bitcoin (BTC) holdings at the end of the fourth quarter, buying 8,888 more BTC for $380 million, The Block reported. An address associated with the company shows bitcoin holdings of 66,465, which makes it the 11th-largest holder of the cryptocurrency, according to a ranking by Dune Analytics.
Source
/channel/CryptoNewsSource
🏦 Gemini gains ground in France with official Digital Asset Service Provider registration
Crypto exchange Gemini has been registered as a Digital Asset Service Provider (DASP) in France by the l’Autorité des Marchés Financiers (AMF), the French financial markets regulator, according to a Jan. 17 statement. The registration would enable it to cater to retail and institutional customers in France. Moreover, the regulatory milestone would also grant its users access to a diverse range of 70 cryptocurrencies through Gemini’s comprehensive services.
Source
/channel/CryptoNewsSource
🪙 Elon Musk Still Owns 'a Bunch of Dogecoin' — Spacex Owns 'a Bunch of Bitcoin'
Tesla CEO and Spacex chief Elon Musk has revealed that he still owns “a bunch of dogecoin,” affirming his commitment to keep buying and supporting the meme cryptocurrency. Musk additionally revealed that his company Spacex still owns “a bunch of bitcoin.”
Source
/channel/CryptoNewsSource
Explore smart chats with our Telegram ChatGPT DALL-E Bot! 🤖 Get instant Bing info, create AI images, and more. Start now: /channel/ChatGPT5_DALLE_Bot?start=ref-0449 🚀
(It’s ChatGPT4 for free instead for 20$ directly in your Telegram messenger)
💰 Kevin O'Leary Says He'll Never Buy Bitcoin ETF — Prefers to Hold BTC Long Term
Kevin O’Leary, aka Mr. Wonderful, says he will never buy a spot bitcoin exchange-traded fund (ETF) as he is holding bitcoin for the long term as digital gold. “Why would I pay these fees?” he said, adding that spot bitcoin ETFs “add no value” and are “completely unnecessary.”
Source
/channel/CryptoNewsSource
🇮🇳 Indians are turning to local exchanges amid clampdown on foreign platforms
India has now banned foreign exchanges from operating in the country by blocking access to their websites and new application downloads.
Source
/channel/CryptoNewsSource
💰 Bitcoin Miner Outflows Hit Six-Year Highs Ahead of Halving, Sparking Mixed Signals
Miner outflow has hit a multi-year high as tens of thousands of bitcoin (BTC), worth over $1 billion, have been sent to exchanges. CryptoQuant data shows that the majority of the bitcoin has moved from mining company F2Pool. Bradley Park, an analyst at the company, told CoinDesk in a Telegram message that the move is due to miners facing increased costs.
Source
/channel/CryptoNewsSource
🥇 CoinShares to acquire Valkyrie Funds after US spot bitcoin ETF approval
CoinShares International said on Friday it has exercised an option to acquire Valkyrie Funds, expanding the European digital asset firm's U.S. offerings, after Valkyrie's spot bitcoin exchange-traded fund won the U.S. regulator's approval.
Source
/channel/CryptoNewsSource