Markets

The Bitcoin spot ETF narrative has numerous analysts and famous figures in the crypto space debating how much BTC will be worth if the ETF gets approved. The recent developments in the cryptocurrency market — the aftermath of the DOJ settling with Binance in $4.3 billion deal and the removal of CEO Changpeng Zhao — have sparked a re-evaluation of the bullish narrative surrounding the potential approval of a Bitcoin exchange-traded fund (ETF). The Binance drama initially led...

The eTukTuk presale has emerged as a focal point for strategic investors this month. The project’s value propositions in the EV and Web3 markets have become a compelling force in drawing investors to the project. The integration of Web3 capabilities into empowering the EV public transportation system in developing economies provides a unique opportunity through the eTukTuk presale. Here’s a brief overview of the project and how it stands out in the crowded crypto market....

Shares for the Grayscale Bitcoin Trust (GBTC) – the world’s largest Bitcoin fund – are nearly back to parity with Bitcoin (BTC)’s price after trading deeply underwater for the past two years. Their rising value reflects market confidence that Grayscale’s efforts to convert its fund into a Bitcoin spot ETF will prove successful. The SEC’s Promising Meetings Starting on Wednesday night, GBTC’s discount to NAV ratio shrank as low as 8.6%, according to Bloomberg ETF analyst Eric...

A prominent Bitcoin Lightning wallet provider – Wallet of Satoshi – announced its decision to remove its app from the US Apple and Google app stores. In a Twitter post addressed to the community, Wallet of Satoshi clarified that it will cease catering to customers in the country. This sparked speculation that the decision might be linked to a growing hostility from US regulatory authorities toward the cryptocurrency industry. Another Player Quits the US Market The latest...

Shiba Inu’s (SHIB) price has been on a wild ride in 2023, with analysts predicting the meme coin could be poised for enormous growth in 2024 if market momentum picks up. Prominent industry experts have set optimistic price targets for SHIB next year, indicating that the token could still have solid future prospects. While Shiba Inu looks primed for further bullishness, a new meme coin called Meme Kombat (MK) is also attracting positive forecasts – and is being touted to...

Nvidia is also working on two other chips, the L20 and L2, for the Chinese market. According to the Reuters report, one of the chips, L20, is not facing delays and is expected to launch according to the original schedule. Nvidia Corp (NASDAQ: NVDA), the California-based AI chip giant, has notified its Chinese customers of a delay in the launch of its new artificial intelligence chip, H20, designed to comply with the latest United States export regulations, Reuters reported Friday, citing...

While Wallet of Satoshi has exited the US market for now, the company expressed hope for a potential return. Wallet of Satoshi (WoS), a popular Bitcoin (BTC) Lightning payments app, has mysteriously disappeared from both Apple Inc‘s (NASDAQ: AAPL) App Store and Google’s Play Store in the United States. This development comes at a time when the app is on the brink of processing over 1 million transactions for the month of November. The Disappearance Wallet of Satoshi Early today, users and...

A lot can happen in seven days in a volatile industry like the crypto sector, and it indeed did over the past week. Arguably, the most significant piece of news came a few days ago when the US Department of Justice announced a massive settlement deal with the world’s largest crypto exchange – Binance – that had severe consequences. On the one hand, the company had to depart with $4.3 billion in the form of a fine without admitting any guilt. On the other hand, though, the...

Despite its positive trajectory, TokenFi has encountered challenges, particularly with Bitget’s recent decision to delist TOKEN from its platform amidst allegations of price manipulation. TokenFi, a sister project to the popular meme token Floki Inu, has announced the launch of its groundbreaking initiatives, marking a significant step in democratizing the process of token creation within the cryptocurrency market. According to an announcement on X, the platform has rolled out two new...

Dogecoin had a decent streak, along with the rest of the crypto market surging by nearly 15% in the past few weeks. The latest data suggest that the OG memecoin is once again in the spotlight, and it appears to be primed for more gains. Prominent crypto analyst Ali Martinez observed a notable surge in DOGE transactions, which surpassed $100,000 in the past month and is consistently hitting new highs. This uptick in on-chain activity demonstrated an increased interest in the...