Bitcoin (BTC)

If the court approves the proposed plans from debtors, the FTX creditors could lose a huge sum of money considering the rally in crypto market this year. In a recent filing made on December 27 in the United States Bankruptcy Court for the District of Delaware, FTX debtors have unveiled estimates of the US Dollar value assigned to cryptocurrency prices and foreign currency for customers holding claims with the now-defunct exchange. The debtors expressed their intention to establish a “fair...

Binance reported more than $1.2 billion in assets under custody for more than 170 million users in its 2023 performance report. Leading cryptocurrency exchange by daily traded volume and registered users, Binance Holdings Ltd., has continued to build the necessary infrastructure and products to enable the next phase of web3 mass adoption. Despite the former Chief Executive Officer Changpeng Zhao (CZ) being forcefully ousted by the United States government, Binance has demonstrated that it...

The Tokyo-based Monex Group intends to further strengthen its digital asset offerings to institutional investors through the 3iQ acquisition. Monex Group Inc, a holding financial company based in Japan with operations around the world, will acquire Canada-based crypto asset manager 3iQ Digital Holdings Inc for an undisclosed amount. According to the announcement, 3iQ will collaborate with Coincheck Inc, a Japanese cryptocurrency exchange with different products in the market that was...

Asset management firm Hashdex has unveiled a new advertisement amid the US Securities and Exchange Commission’s (SEC) evaluation of applications for the listing of spot Bitcoin (BTC) tickers on US exchanges for exchange-traded funds (ETFs). The advertisement, shared on December 28 on X (formerly Twitter), features an interview setting from the 1980s, where the subject critiques the use of home computers for everyday tasks, drawing a parallel to the skepticism around emerging technologies....

Bitcoin cash price started a downside correction from the $278 zone against the US Dollar. The price is now trading above the $242 zone and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $236 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down if it breaks the $242 and $240 support levels. Bitcoin cash price is declining from the $278 zone against the...

Un vaste projet de loi a été présenté hier au Congrès argentin. Le texte, qui instaure un « état d’urgence économique », délègue les pouvoirs législatifs au pouvoir exécutif jusqu’au 31 décembre 2025 et propose des réformes profondes en matière de justice, de gestion de l’énergie, du système électoral et du droit du travail. Il instaure également une réforme de fiscale avec pour objectif d’inciter...

ARK Invest – the institutional asset management firm led by Cathie Wood – made a significant move by liquidating all of its remaining holdings in the Grayscale Bitcoin Trust (GBTC), totaling $200 million. In the previous month, GBTC stood as the largest holding in ARK’s Next Generation Internet ETF. However, the asset management firm has now completely exited this position. The adjustment in the portfolio comes ahead of the anticipated decision by the Securities and Exchange...

As the crypto market evolves, only time will tell if Bitcoin can truly reach $1 million by 2029, altering how investors view and interact with digital assets. Perianne Boring, founder and CEO of the Chamber of Digital Commerce recently made a bold prediction that Bitcoin‘s price could surge to an astonishing $1,000,000 by 2029. Bitcoin’s Valuation Model and Current Market Price In a recent interview with CNBC, Boring discussed the current market conditions of Bitcoin, suggesting that its...

The Indonesian government is keen to protect crypto investors from exploitative exchanges and ensure optimal tax collection. The high demand for digital assets and Web3 products in Indonesia has seen registered users surpass more than 18 million, compared to 12 million traditional stock traders. With the number of crypto users expected to grow exponentially in the coming years, the Indonesian government has been preparing to tap into the blockchain and the nascent industry to grow its...

Crypto has shocked the world yet again, and as open interest heats up, it is clear that risk-on market participants will be active in the coming two years. Speculative appetite is up, and following the Bitcoin ($BTC) Spot ETF anticipation, dramatic industry repricing is somewhat expected. Elsewhere, it seems that anybody who bought a Solana ($SOL) Saga seems to be in for a nice surprise. The reason behind is that each phone came with a certain number of BONK, which is...