Institutional adoption of the Bitcoin network has been hindered by several challenges, including technical scalability, programmability, and cultural alignment within its developer community. However, Spartan Group, a leading player in the Web3 space, and venture capitalist and analyst Kyle Ellicott believe the development of layer2 (L2) solutions will help the network overcome these limitations. Developing […]

The Bitcoin price took a downside turn over the weekend and seems ready to re-test critical support levels. The downside price action was triggered by a spike in selling pressure following the approval of Bitcoin spot Exchange Traded Funds (ETFs) in the US. As of this writing, the Bitcoin price trades at $40,900 with a […]

Alameda Research, an affiliate of the now-bankrupt cryptocurrency exchange FTX, has dropped its lawsuit against Grayscale Investments. The lawsuit, filed in March last year in a Delaware court, accused Grayscale of enriching itself at the expense of its shareholders, in addition to alleging that the firm charged exorbitant fees and did not allow investors to […]

Following the approval of spot Bitcoin exchange-traded funds (ETFs), the crypto market has experienced a surprising downturn after FTX unloaded a staggering $1 billion worth of Grayscale Bitcoin Trust’s (GBTC) shares. This unprecedented sell-off, attributed to the bankruptcy of the crypto exchange, has raised a concern about the broader implications for the crypto sector. According […]

Cardano’s fundamentals remain strong, however, this key price level comes into play

In the ever-evolving world of finance and technology, cryptocurrency has emerged as a formidable force, reshaping industries and redefining …

The price of XRP is currently navigating bearish territory. Following its descent below the 200-day exponential moving average (EMA), the digital currency has further dipped beneath the critical 0.618 Fibonacci retracement level. Despite this downward trend, renowned crypto analyst Dark Defender offers a glimmer of optimism for the XRP army. However, he also suggests that […]

Bitcoin went through a serious decline in the past weeks after testing a two-year high earlier this month. It has shown no signs of stopping yet as it may witness a bigger bloodbath in the upcoming weeks.  Last weekend came with a small relief for BTC after losing momentum throughout the week. It resumed bleeding […]

[PRESS RELEASE – Dubai, United Arab Emirates, January 22nd, 2024] De.Fi, the largest Web3 Super App whose $DEFI token listing is coming, announced 21Shares as their investor. 21Shares is a market leader offering ETFs for institutional and retail investors. Their recent investment marks a historic milestone for De.Fi, as it will help to get Traditional […]

A pivotal hearing unfolded in a Washington DC federal courtroom today (Monday), as Binance faced intense scrutiny from Federal Judge Amy Berman Jackson. Lawyers for Binance were pressed to defend their request for the dismissal of a high-profile lawsuit brought against the exchange by the US Securities and Exchange Commission (SEC). Binance Argues Lack of […]

Not every asset on cryptocurrency market went through correction easily

Türkiye's economic coordination council discusses cryptocurrency regulation. Source: Xinhua. Editor: huaxia. 2024-01-23 03:03:45 …

Scott Chamberlain has proposed tokenising cows as a solution to improve the efficiency and decentralisation of the Australian cattle market. The idea of digital cows allows new investor entry and gives farmers access to non-bank financing. The system would work much like other fractional investment platforms, relying heavily on smart contracts. The mechanism will likely […]

When was the last time you got excited about a new social media account? Never? Well that all changes today.  I hope you’re sitting down…because X has just created a new social media account dedicated to its upcoming payments platform, X Payments, fuelling speculation from the crypto community of impending crypto integration with X. Source: […]

In the volatile world of cryptocurrencies, Binance Coin (BNB) has emerged as a strong contender, decoupling from the market’s recent downturn. While other digital assets fell, BNB showcased resilience, demonstrating a price surge towards a critical level that could dictate its future trajectory in the days to come. At the time of writing, BNB was […]

A widely followed trader believes that the crypto markets look poised for another leg up with altcoins spearheading the rally this time around. Analyst Michaël van de Poppe tells his 685,300 followers on the social media platform X that the TOTAL chart, which tracks the overall market capitalization of all crypto assets, is gearing up […]

Nine Bitcoin exchange-traded fund (ETF) issuers are gobbling up the crypto king, accumulating billions of dollars worth of BTC less than two weeks after launch, according to an expert. Bloomberg analyst Eric Balchunas tells his 230,600 followers on the social media platform X that he’s keeping a close watch on the movement of capital in […]

Digital asset investment products experienced modest withdrawals of $21 million last week. However, this overall figure doesn’t reflect the significantly elevated trading activity, with Bitcoin alone witnessing trading volumes of $11.8 billion. This amount is seven times higher than the typical weekly trading volume observed in 2023, according to the latest report by CoinShares. US […]

Ripple’s general counsel, Stuart Alderoty, has once again taken aim at the SEC’s stance on crypto

Cryptocurrency price on January 22 quick take: The global market cap dipped to $1.65 trillion.

Billionaire and founder of Tron (TRX) Justin Sun has withdrawn tens of millions of dollars worth of digital assets from crypto exchange Binance in the last month, according to on-chain data. Blockchain tracking firm Lookonchain says that between December 18th and January 21st, Sun has withdrawn several different altcoins from Binance, including $43 million worth […]

What started as a single transaction from Satoshi to Hal Finney, has evolved into a complex system of industrial scale miners, evolving meta-protocols like the Lightning Network and Fedimint, and a full embrace of institutional investors with the record breaking inflows into various newly approved spot ETFs. Bitcoin has come a dramatically long way, and […]

On Saturday, January 20, the Dogecoin price rose by more than 23% within 5 hours. As NewsBTC reported, the creation of the X Payments account was the cause of the sudden price increase, which reignited hopes within the community about the integration of DOGE. However, the speculative surge was short-lived, with only around 4% of […]

Despite positive developments such as the approval of Bitcoin spot ETFs by the U.S. Securities and Exchange Commission, Bitcoin’s price encountered significant rejection, resulting in a notable 17% decline. However, as the cryptocurrency approaches a crucial support region, there is potential for a renewed bullish movement. Technical Analysis By Shayan The Daily Chart Analyzing the […]

Shiba Inu has been on notable decline since week’s start

Recently, Pullix (PLX), Shiba Inu (SHIB), and Sei (SEI) have ignited a frenzy among analysts in the DeFi market. Some are even confident that PLX – now in Stage 6 of its presale – could become the next 100x altcoin in 2024. With over $4M raised and 70M tokens sold, this prediction could come true. […]

In a filing with the bankruptcy court in Delaware, the Singapore-based company co-founded by cryptocurrency entrepreneur Do Kwon, listed assets …

In a twist of fate, SOL, the native token of Solana, navigates through a period of volatility after a robust bullish run that spanned from September to December 2023. The once-surging token has encountered a steady decline over the past three weeks, leaving investors on the edge. Solana Meteoric Rise Falters Amid Corrections Initially hailed […]

Crypto analytics firm Kaiko says that speculative fervor on Ethereum (ETH) hasn’t yet kicked off, despite being well off its 2022 lows. In a new report, Kaiko says that Bitcoin has benefited from the hype surrounding the approval of BTC exchange-traded funds (ETFs) in the US, but that speculation on an Ethereum ETF has not […]

The post Trader Predicts Deep Correction for Solana Rival, Updates Outlook on Privacy-Focused Altcoin appeared first on Crypto News Australia.

Can price of XRP rise next week?

In a recent publication, Morgan Stanley’s Head of Digital Assets, Andrew Peel, has cautioned about a potential “paradigm shift” in the perception and use of digital assets, emphasizing its potential impact on the U.S. dollar’s global dominance. Peel highlights that the rising interest surrounding assets such as Bitcoin, the surge in stablecoin volumes, and the […]