Markets

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...

Ark Invest purchased $92 million worth of ProShares Bitcoin Strategy ETF (BITO) and 4,320,928 units of the US Bitcoin futures-linked ETF. Cathie Wood’s asset management firm Ark Invest has actively engaged in portfolio rebalancing this year amid a surge in stock prices of crypto firms. In the latest development on Wednesday, December 27, Ark Invest divested its Coinbase holdings and all of its GBTC holdings. In a recent trade filing, the company led by Cathie Wood revealed the sale of...

Marathon Digital and Riot Platforms, sensing the potential for increased demand, have made strategic moves to fortify their positions in the market. In the last 24 hours, Marathon Digital Holdings Inc (NASDAQ: MARA) has witnessed a remarkable 105 million shares in trading volume, surpassing established blue-chip stocks such as Tesla Inc (NASDAQ: TSLA), Apple Inc (NASDAQ: AAPL), and Amazon.com Inc (NASDAQ: AMZN), according to data from Yahoo Finance. Marathon Digital Shares Records Rising...

EOS price started a fresh increase above the $0.78 resistance against the US Dollar. The price is now trading above $0.80 and the 55 simple moving average (4 hours). There is a major bullish trend line forming with support near $0.855 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to move up if it clears the $0.920 and $0.950 resistance levels. EOS price is rising above $0.800 against the US Dollar, like Bitcoin. The...

Litecoin is gaining pace above the $73.50 resistance against the US Dollar. LTC price is now trading above $74.00 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $72.50 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could gain bullish momentum if it clears the $76.80 and $78.00 resistance levels. Litecoin price is recovering from the $72.00 zone against the US Dollar,...

China’s Supreme Procuratorate has dealt a significant blow against illegal cryptocurrency operations by sentencing Zhao Dong, the founder of RenrenBit and a minor shareholder of Bitfinex, to a seven-year prison term. The prominent crypto figure faced charges for running illegal business operations and engaging in unauthorized foreign exchange trading. This move underscores China’s continued crackdown on illicit activities within the industry. Crypto OTC Illegal Ventures Dong,...

Tether, the company behind the popular stablecoin USDT, announced a significant milestone in its growth, with its market value reaching $91 billion. It was also revealed that over 2023, the firm has added approximately $4 billion in excess reserves to its stablecoin’s consolidated reserves, showcasing its commitment to stability and resilience in the volatile digital currency market. Tether’s Ardoino Reveals Company’s Growth and Plans The announcement was made by Tether’s...

XRP tokens, the native cryptocurrency for the cross-border Ripple Labs network, have traded sideways in a narrow band with support around $0.62 since mid-November. At the same time, SOL used the opportunity, surged by an impressive percentage, and surpassed XRP in terms of market cap ranking. Ripple’s Turn Next After Solana? But the XRP price tested at $0.68 once on Friday, Dec. 8, before falling back to support lines, and resistance was again tested at $0.64 on Christmas...

The rise and triumph of the Ordinals in 2023 have provoked the ire of Bitcoin maximalists. The surge in transaction fees, in particular, has heightened tensions between the two factions of the Bitcoin community. In an unexpected turn of events, a contributor to Taproot Wizards, a collection featuring inscriptions by Bitcoin Ordinals, claims to have devised a method for Bitcoin enthusiasts to disapprove of Ordinals inscriptions. Script to Reject Ordnals on Bitcoin According to...