Our weekly roundup of news from East Asia curates the industry’s most important developments. Hong Kong gaming firm to invest $100M in crypto Boyaa Interactive International, a publicly-traded Hong Kong holding company specializing in online card and board games, wants to secure the approval of its shareholders to invest $100 million in crypto. According to […]

The Cirus Foundation, a Web3 initiative based on blockchain technology, has joined forces with Shift Markets, a prominent crypto exchange infrastructure provider. This will be inorder to spearhead the creation of non-custodial wallets seamlessly integrated with a global centralized exchange network. We’re excited to announce our partnership with @shiftmarkets! This development is a first of […]

Changpeng Zhao, the founder and former CEO of Binance, must stay in the United States until his sentencing is scheduled in February, a US federal judge ruled on Thursday. The decision overruled Zhao’s previous bail agreement that allowed him to visit his UAE residency but needed him to return to the US two weeks before […]

Venture capital firm Andreessen Horowitz (a16z) has revealed its top trends for 2024, with a strong focus on the potential of blockchain technology and artificial intelligence (AI). The firm believes that these technologies will play a crucial role in the future of the Internet, often referred to as Web 3.0. A16z predicts significant improvements in […]

The cryptocurrency market experienced a tumultuous day with drastic movements in the price of Bitcoin, leaving more than 65,600 traders in losses of a combined total of $150 million. This event was triggered by a sudden pullback followed by an unexpected recovery in the price of Bitcoin. According to data from CoinMarketCap, Bitcoin price initially […]

Cryptocurrency short sellers experienced a turbulent year in 2023, grappling with mark-to-market losses amounting to $6.05 billion. These losses were primarily driven by the remarkable performance of Bitcoin and other digital currencies since the beginning of the year. Crypto Prices Soar in 2023, Short Sellers Feel the Heat According to a report published on December […]

On November 20, the Securities and Exchange Commission (SEC) instituted a civil enforcement action against Kraken, a major U.S. cryptocurrency …

The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Despite a few apparent setbacks, like the change of leadership at Binance, Bitcoin’s ongoing upward trend […]

A decentralized finance (DeFi) project built over smart contract platform Solana (SOL) is gearing up to kick off an airdrop as Coinbase announces support for it. In a new thread on the social media platform X, DeFi protocol Jito (JTO) says it will be launching its first ever airdrop on December 7th, saying that eligible […]

A massive surge in crypto exchange flows suggests institutions could be preparing for the potential approval of spot market Bitcoin (BTC) exchange-traded funds (ETFs), according to the market intelligence firm Glassnode. Glassnode notes in a new analysis report that the 30-day simple moving average (SMA) of Bitcoin flows in and out of exchanges grew from […]

XRP has been moving uncertainly for long period of time, but that trend might finally be over

A dormant Ethereum whale has resurfaced, moving their 39,260 ETH worth approximately $87.5 million. According to data from Lookonchain, this Ethereum whale with almost $90 million in ETH recently woke up and decided to move its mountain of digital assets to an exchange.  Although it is unclear the motive behind this transfer, it appears to […]

Bitcoin is lining up a never-before-seen bull signal that could print on the Bitcoin chart by the start of 2024.

The Financial Conduct Authority (FCA) in the United Kingdom has included Poloniex, a crypto exchange, in its list of non-authorized companies. The FCA’s warning, issued on December 6, emphasizes that unauthorized entities cannot promote financial services in the UK, and individuals may not have financial law protection when dealing with such entities. Poloniex’s $100 Million […]

Jito, the Solana-based DeFi platform, kicked off its hotly anticipated airdrop earlier Thursday, putting some $225 million worth of free tokens in the wallets of Solana users around the world. At the airdrop’s launch at 11:00 am EST Thursday, JTO debuted at a price of $6.01, according to CoinGecko—putting the 90 million tokens set to […]

TLDR XRP will soar past $0.7 in December and will reach $5 in 2024. Solana will reach $80 before the end of December and likely surpass its all-time high of $260 in 2024. NuggetRush is expected to see a 50% rise in value before launch and a 4,000% rise post-launch.   December has barely begun, […]

The cost of buying Bitcoin (BTC) is pushing record highs this week – and in a sense, so is the cost of moving it. On-chain data shows that the price for Bitcoin block space has touched a new all-time high in BTC terms – largely due to massive demand created by Ordinals transactions. Record Demand […]

We’re thrilled to announce that Kraken now supports deposits and withdrawals of Tether (USDT) on Optimism! Funding USDT funding via Optimism is already live. You can transfer Tether (USDT) to your Kraken account by navigating to Funding, selecting USDT and choosing the desired deposit method (network) from the drop-down box: Optimism. Got USDT on Optimism? […]

A widely followed crypto analyst is suddenly turning bullish on Gala (GALA) and two other altcoins. Pseudonymous crypto trader The Flow Horse tells his 186,500 followers on the social media platform X that the native asset of the blockchain-based gaming platform Gala is in an uptrend. He says that key metrics like the cumulative volume […]

In a recent interview with CNBC on December 6, 2023, Matt Hougan, the Chief Investment Officer of Bitwise Asset Management, shared his perspectives on current trends and future opportunities for Bitcoin and the overall cryptocurrency market. Hougan highlighted the recent surge in BTC prices, currently trading at $43,277, noting its resemblance to the rise in […]

The path toward approval of Bitcoin exchange-traded funds (ETFs) in the United States appears to be moving forward significantly. After years of rejections by the Securities and Exchange Commission (SEC) due to concerns about investor protection and potential market manipulation, there have been detailed discussions between the SEC and several major asset managers, such as […]

WOODBRIDGE, CT (WFSB) …

In a move aimed at democratizing access to self-custody for Bitcoin, Block, Inc. (NYSE: SQ), led by CEO Jack Dorsey, has finally launched the pre-order for its new self-custody wallet, Bitkey, according to a press release sent to Bitcoin Magazine. This new Bitcoin wallet seeks to redefine ownership and security for BTC holders worldwide. Launching […]

Millions of XRP sent to Bitstamp crypto exchange losing value

Data shows that the Bitcoin whales that may have been helping drive the latest rally have switched to profit-taking instead. Bitcoin Whales On BitMEX Have Changed Their Tune Recently An analyst in a CryptoQuant Quicktake post explained that the BitMEX whales were likely the ones helping fuel the latest rally. The relevant indicator here is […]

Users who lose their Bitkey wallet don’t need to input a seed phrase to recover funds, the company said.

The seismic entry of Robinhood into Europe’s crypto space has set the stage for a transformative journey in the continent’s financial landscape. Following the successful launch of a stock trading application in the UK, the platform has now extended its offerings, enabling eligible European Union customers to seamlessly buy and sell over 25 cryptocurrencies. As […]

Widely followed crypto analyst Justin Bennett is issuing a warning about Bitcoin (BTC) amid the flagship crypto asset’s massive 2023 rally. Noting that Bitcoin capitulated twice around each of its last two halving cycles – in 2015 and 2016 and then in 2019 and 2020 – Bennett says that a correction of around 43% from […]

has gained a new generatio of “hodler” in the past three years as stubborn investors refuse to sell. Data from the popular HODL Waves metric shows that those who bought Bitcoin in late 2020 are still sitting on their coins. BTC price should go “way higher” for hodlers to sell Bitcoin’s longer-term investor cohorts, also […]

wallet provider Samourai Wallet has accused Bitcoin mining pool Ocean of censoring Whirlpool CoinJoin transactions and BIP47 notification transactions from Dec. 6. However, Ocean’s top executive has denied the claims while asking the Bitcoin wallet provider to fix a bug in their software. On Dec. 7, Samourai Wallet claimed that a new policy enacted by […]

TLDR Rebel Satoshi ($RBLZ) enters Rebels Round 1 of its presale, and early adopters are set to make 150% ROI. Experts predict that Chainlink (LINK) will reach $18 in the coming weeks. Solana (SOL) could soar to $80 with the forthcoming airdrop season. SOL and LINK are looking to recover following losses in recent weeks. […]

Bitcoin has attracted a new generation of hodlers in the last three years, as resilient investors are steadfastly holding onto their assets. Data from the widely used HODL Waves metric reveals that individuals who purchased Bitcoin in late 2020 have chosen to retain their coins without selling. Long-Term Holders Continue to Accumulate Bitcoin Despite the […]