Crypto news

Dubai, January 9, 2024 – Zeebu, the Web3 Neobank for telecoms, is delighted to share the successful global trial of its platform. This trial involved more than 80 telecom businesses worldwide and surpassed half a billion in settlement volume, marking a significant milestone in the telecom carrier industry. While this achievement represents a small step as an internal alpha test, it also serves as a significant enabler for the future utility of the platform.  The...

ADA price is attempting a fresh increase from the $0.4650 zone against the US Dollar. The price is now trading below $0.580 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $0.5150 on the 4-hour chart (data feed via Coinbase). The price could gain bullish momentum if it clears the $0.5600 and $0.5800 levels. Cardano price is holding the $0.5150 support against the US Dollar, like Bitcoin. ADA price...

Ethereum price is eyeing an upside break above the $2,350 resistance against the US Dollar. ETH price is now trading above $2,280 and the 55 simple moving average (4 hours). There was a break above a key bullish flag pattern with resistance near $2,250 on the 4-hour chart (data feed from Coinbase). The pair could climb further if it stays above the $2,250 support zone. Ethereum price is consolidating above the $2,300 level against the US Dollar. ETH/USD could rise...

British multinational bank Standard Chartered projects Bitcoin (BTC) to reach $200,000 by the end of 2025 – more than a 300% climb from where it trades today. The bank argued in a Monday research note that Bitcoin spot ETFs – which are expected to receive “imminent” approval – may absorb $50 billion to $100 billion worth of flows within a year. The Upside Potential of Bitcoin ETFs The bank based its inflow estimates on the performance of the first gold ETF to reach the U.S....

BlackRock is reportedly expected to make a significant announcement regarding a substantial downsizing of its workforce. The impending layoffs, which account for about 3% of its global workforce, will result in approximately 600 employees leaving the company. BlackRock to Implement Routine Layoffs The layoffs are being internally described as routine, aligning with BlackRock’s previous practices. In 2023, the company underwent a similar trimming of its workforce based on...

The number of merchants accepting Bitcoin has steadily been on the rise in tandem with its adoption curve. Data compiled by BTC Map revealed that the tally of merchants accepting the digital asset reached 6,126 by the end of 2023, marking a significant rise from the 2,207 recorded at the beginning of the year. As of January 8, the current count of merchants accepting Bitcoin stands at 6,332, experiencing a slight decrease from the peak of 6,590 observed in late September....

Custodia Bank CEO Caitlin Long claims there’s a “hidden risk” surrounding a handful of Bitcoin ETFs eyeing imminent launch in the United States, following BlackRock’s recently updated S-1 filing. According to the founder, sponsors may attempt to generate more profit from their funds using securities lending, which “can pose a lot of hidden risk to investors.” The Threat Of Securities Lending Long’s concerns swelled in response to an apparent race to the bottom on management...

Bitcoin (BTC) just reclaimed $47,000 for the first time since March 2022, shortly after multiple Bitcoin ETF applicants filed finalized updates for their S-1 forms with the Securities and Exchange Commission (SEC). As of Monday, Bitcoin is up 6.63% on the day, and over 10% since January 1. It trades for $47,130 at writing time. Over $136 million in shorts on crypto trades have been liquidated in the past 24 hours, according to Coinglass. That includes 124,000 traders, on...

Peculiar occurrences have unfolded just one week into 2024. In a bizarre turn of events within the crypto industry, an anonymous wallet spent 1.5 BTC to inscribe encrypted data onto the Bitcoin blockchain. Through 332 transactions, the wallet exhausted BTC equivalent to $66,000 at current market prices, embedding nearly 9 megabytes of encrypted data into the blockchain. Is this just a coincidental burst of activity, or is there a deeper motive at play? With the anticipation...

Bitcoin’s price is continuing its gradual rise toward the $48K resistance level following a few weeks of consolidation. While the trend lacks momentum, the price might be about to begin an aggressive rally higher. Technical Analysis By TradingRage The Daily Chart On the daily timeframe, the price has been consolidating above the $40K level for the last few weeks. However, it is climbing higher, approaching the $48K resistance zone. Meanwhile, the Relative Strength Index is...