TL;DR Record Profits: Tether achieves $2.85B in profits in Q4 2023, totaling $6.2B annually. 90% Coverage with Cash: The cryptocurrency backs 90% of its tokens with cash, indicating financial stability. Elimination of Loan Impact: Surpluses of $5.4B exceed remaining loans, fulfilling the promise to eliminate their impact. In a recent statement, Tether Holdings Limited has […]

TL;DR FTX announced plans for a full refund to its users during a court hearing. However, it will not restart its operations. FTT, its native token, plummeted by 15% after the non-reactivation of the platform was confirmed. The trading volume of FTT increased by 560%, reaching $101 million in the last few hours. In a […]

The GameStop short squeeze phenomenon of January 2021 has inspired a Solana-based meme coin (ticker GME) with a market cap of nearly USD $22m. It experienced a recent surge in value, representing a digital movement symbolising the underdog’s power against financial giants. It remains to be seen if GME, unrelated to the GameStop retailer which […]

Stablecoin-issuer Circle says it’s bringing USDC to the Celo (CELO) blockchain, according to a new press release from The Celo Foundation. The Celo protocol is an Ethereum Virtual Machine (EVM) compatible blockchain that bills itself as “mobile first,” and is in the process of migrating into becoming a layer-2 solution. Its native token, CELO, can […]

Following a slight rejection during last week’s drops, Solana, SOL increased by 28% to mark a new multi-week high today. The price currently looks strong as more gains lie ahead.  Sol fell hard this month but has managed to halt selling after dipping to $79. It rejected this price level with a bounce and started […]

DeFi regulation has been a major bone of contention among regulatory watchdogs across the world. A recent paper, authored by Rebecca Rettig, Katja Gilman from Polygon Labs, and Michael Mosier from Arktouros, proposes a strategy to classify truly decentralized DeFi protocols as critical infrastructure. This classification would place them under the oversight of the US […]

Google has marked a significant milestone in the crypto community by allowing Bitcoin ETF advertisements on its platform, indicating a dramatic shift from its prior restrictive stance

The police and cybersecurity agency are warning the public of a new cryptocurrency scam that has become more common globally.

Bitcoin price had previously been showing extreme strength leading up until the debut of the first spot ETFs. That strength has since subsided, leading to a 20% correction in BTCUSD. A popular technical indicator that measures momentum, however, could point to powerful continuation to the upside, but only if a certain level is breached. Keep […]

A widely followed crypto strategist is predicting bullish continuations for a handful of altcoins including Solana (SOL), Chainlink (LINK) and Polygon (MATIC). Analyst Michaël van de Poppe tells his 692,000 followers on the social media platform X that the native asset of the smart contract platform Solana looks primed for a move to the upside. […]

HodlX Guest Post  Submit Your Post   Given the blockchain industry’s broader focus on crypto, we often overlook the broader applications of blockchain technology. Yet, blockchain is quietly revolutionizing various consumer technology sectors with its potential to transform how we trade, work and play. At CES 2024, I participated in a panel titled, ‘Blockchain’s Impact on […]

TL;DR Starknet and Celestia Partnership: Starknet, a leading player in Ethereum’s scaling solutions, has announced a strategic collaboration with Celestia. Impact on Ethereum Scaling: The partnership allows Starknet to utilize Celestia for off-chain scaling solutions, reducing transaction expenses. Celestia’s Role in Data Availability: Celestia has pioneered the implementation of “data availability sampling,” which improves efficiency […]

Standard Chartered Bank tells clients it expects Ethereum spot ETFs to be approved on May 23, and that ETH price could pump to US$4000 in lead up. First ETFs are expected to exclude staking rewards and simply track Ethereum’s spot price. Optimism not widely shared—others believe approval is unlikely this year and possibly not until […]

Crypto trader Rekt Capital outlines five phases surrounding the upcoming Bitcoin halving. The Pre-Halving Period and Rally, with the potential for investment opportunities during retraces and eventual ‘Buy the Hype’ and then ‘Sell the News.’ The Pre-Halving Retrace, historically significant and resulting in investor doubts leading into Re-Accumulation, a phase of investor exit and disappointment […]

[PRESS RELEASE – Dubai, the United Arab Emirates (UAE), January 30th, 2024] $DEFI Token secures listings on the 7 most popular crypto exchanges, including ByBit, KuCoin, Gate, MEXC, Bitget & Bitmart. Trading will start on January 31st  De.Fi, the Largest Web3 Super App, excelled with the most prominent public sale in 2023, raising a staggering […]

The crypto market has solidified itself as a great investment and trading space long ago. In the beginning, only a few early adopters saw the potential and started trading crypto and learning how it works as it progressed. Now, however, more and more people want to enter the market, but many are met with barriers […]

Samson Mow has described how supply-demand imbalance in spot Bitcoin ETF market can help drive price of coin higher

… cryptocurrency. Denver District Court Judge David Goldberg ruled Monday that Eli and Kaitlyn Regalado, along with their companies and church …

The co-founders of the crypto analytics firm Glassnode think Bitcoin’s (BTC) sudden move to the upside could trigger an even larger rally. Glassnode co-founders Jan Happel and Yann Allemann, who share the Negentropic handle on the social media platform X, say that Bitcoin’s sudden bullishness could result in a short squeeze. A short squeeze happens […]

The co-founder and chief investment officer of digital asset investment firm BlockTower Capital says conditions look ripe for crypto to keep trending higher in the medium term. Ari Paul says on the media platform X that while he’s not certain about how the macro side will play out in the next three months, he notes […]

At the Finance Magnates London Summit 2023, industry leaders convened for a pivotal discussion on “Bridging TradFi and Crypto: Work in Process”, shedding light on the complexities and opportunities inherent in integrating these two distinct spheres. Moderated by Chen Arad, COO at Solidus Labs, the panel delved deep into the challenges, regulatory concerns, and transformative […]

dYdX, a decentralized exchange (DEX), will unlock over 33 million DYDX worth approximately $90 million on February 1. This significant token unlock is the second event in the last week, following a previous unlocking on January 23. dYdX To Unlock $90 Million Of Token: What Happens Next? According to Token Unlocks on January 30, the release will see the […]

DEBT Box, a company that primarily provides users of its services with crypto mining software, was taken to court last year by the SEC. According to the regulator, DEBT Box had defrauded investors to the tune of $50 million by selling unregistered securities. The company, which provides an ecosystem to go along with its software, […]

A closely followed crypto trader says that Bitcoin (BTC) is likely to head higher due to a key development just months away. Pseudonymous trader The Flow Horse tells his 199,500 followers on the social media platform X that the upcoming Bitcoin halving in April is likely going to send the crypto king’s value soaring as […]

January 30, 2024 – London, United Kingdom Socrates announces ‘Light of Debate’ season two, highlighting a five million SOC airdrop and the launch of new features, including Pop Quiz One Versus 100 and Peak Duel, enhancing the platform’s interactive experience. Socrates, the world’s first SocialFi debate-to-earn platform, is excited to announce the launch of its […]

TL;DR Ethereum co-founder Vitalik Buterin has highlighted the untapped synergies between AI and blockchain technology. Buterin’s exploration of the AI-Blockchain nexus is centered around four key areas: AI as an actor, as an interface, as the rules themselves, and as an end objective. The tech community has had mixed reactions to Buterin’s insights, but there’s a renewed interest […]

TL;DR Abracadabra Money, Daniele Sestagalli’s DeFi platform, suffers attack: $6.5M lost, mainly 2.74K ETH, started with 1 ETH since Tornado Cash. Detected on January 30 by Cyvers and PeckShield. MIM, the stablecoin, falls from $1 to $0.7672, then recovers to $0.96. @MIM_Spell confirms active investigation. Action plan: buy back MIM and burn units from the […]

A multinational asset management giant has reportedly submitted the first application for a spot Bitcoin (BTC) exchange-traded fund (ETF) in Hong Kong. Harvest Fund Management applied to the Securities and Futures Commission (SFC) of Hong Kong, according to a recent report from the Chinese media outlet Tencent News. Tencent also reports that the regulator hopes […]

Just like its L1 Bitcoin (BTC), Mintlayer’s history will start from Genesis Block

Singapore: In a new crypto report by Seedly and Coinbase, 56% of crypto owners surveyed said they have US$1000 to US$24999 in cryptocurrency.

Today, Ten31, a world leading bitcoin technology investor, has announced the Nasdaq Global Market stock exchange listing of its portfolio company, GRIID Infrastructure. This marks the first public listing for a bitcoin-focused investment fund’s portfolio company, according to a press release sent to Bitcoin Magazine. GRIID, a uniquely positioned, vertically integrated bitcoin mining and energy infrastructure […]

After breaking out of an ascending triangle this month, TRX rolled back into it and found a solid ground. It regained strength last week and bounced back but is yet to break out of its previous resistance.  Last week saw TRX through a small drop but later resurged back to the top after sitting above […]