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Billionaire and founder of Tron (TRX) Justin Sun has withdrawn tens of millions of dollars worth of digital assets from crypto exchange Binance in the last month, according to on-chain data. Blockchain tracking firm Lookonchain says that between December 18th and January 21st, Sun has withdrawn several different altcoins from Binance, including $43 million worth […]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

Cryptocurrency TerraUSD and its companion token Luna collapsed in 2022, wiping out approximately 40 billion USD from the cryptocurrency market and …

In the recent cryptocurrency move, the astonishing 800% surge at launch for Bonk (BONK) has sent shockwaves through the market, capturing the attention of both seasoned traders and curious onlookers. As the whales of the crypto realm navigate these turbulent waters, seeking the next significant move, an intriguing development unfolds. With their sights set on […]

Cardano (ADA) staged a remarkable performance today, defying prevailing expectations and orchestrating a meteoric rise that propelled it from a relatively unassuming position to a prominent spot within the top 10 cryptocurrencies by market capitalization, courtesy of an impressive 3.6% rally. While stalwarts like Bitcoin and Ethereum made incremental movements, Cardano distinguished itself with an […]

Crypto whales are buying up the correction in digital assets markets, according to blockchain tracking firm Lookonchain. Lookonchain says that as Ethereum dipped in price, a “smart whale” with a solid track record of profitable trades bought up the dip with over 3,600 ETH. “After the price of ETH dropped [on Friday], this smart whale […]

The U.S. Commodity Futures Trading Commission (CFTC) says it is taking legal action against a “bogus” crypto exchange for allegedly defrauding investors using a pig-butchering scheme. Pig butchering is a type of romance scam that involves sending targeted victims unsolicited messages on social media, dating apps or through text messages to build relationships and gain […]

Terraform Labs, the company once known for its algorithmic stablecoin TerraUSD (UST), has filed for Chapter 11 bankruptcy protection in the United States, according to the documents filed yesterday (Sunday) with the Bankruptcy Court for the District of Delaware. Terraform Labs Declares Bankruptcy The filing showed that the now-defunct crypto company has liabilities in the […]

Top US crypto exchange Coinbase is 70% likely to win in legal battle with SEC, Elliott Z. Stein of Bloomberg Intelligence says

Ronin (RON) has experienced a 37% surge in the past week, reaching USD $2.43, close to its 2022 high, likely driven by the popularity of the Axie Infinity game. Siacoin (SIA) has seen a significant surge, gaining 329% over the past year and over 30% in the past week, yet remains below its all-time high. […]

Despite Jenny Johnson viewing Bitcoin as a distraction from blockchain’s potential, her firm’s recent Spot Bitcoin ETF launch saw massive inflows, signalling strong market interest. The CEO of Franklin Templeton highlights Bitcoin’s role as a protective financial tool in unstable regimes, where it’s used as insurance against asset seizure. She also spoke about the complexities […]

The high-profile hearing is part of an ongoing legal battle between the federal agency and the prominent cryptocurrency exchange, and its outcome …

The U.S. Securities and Exchange Commission says JPMorgan Chase will pay an $18 million fine for actively working to stop customers from reporting illegal activity at the leading US bank. In a press release, the SEC says JPMorgan routinely asked retail clients to sign confidential release agreements if they had been issued a credit or […]

Despite a challenging market and waning trust in centralized crypto entities, Binance Labs disclosed 25 new investments in 2023. In the latest report, Binance Labs primarily focused on decentralized finance (DeFi), Web3 gaming, tooling, and infrastructure throughout the year. In the DeFi sector, Binance Labs invested an undisclosed amount in the lending and borrowing protocol […]

The Arbitrum (ARB) network is a Layer 2 scaling solution for Ethereum that aims to address the scalability and high transaction fees. It is developed by Offchain Labs and utilizes a technology called Optimistic Rollups to achieve its objectives. Optimistic Rollups work by processing most transactions off-chain and then periodically submitting a summary of those […]

Ripple (XRP) has made significant waves during the past week as whales moved millions of tokens and sent the trading volume flying. Analysts are now keen on the future of the crypto and project that it can reach significant gains. In the meantime, Shiba Inu (SHIB) is also showcasing solid performance and could soon reach […]

Tech mogul Elon Musk has introduced new feature on his X platform, making crypto community excited about it

Ripple Labs chief executive Brad Garlinghouse is predicting that regulatory clarity will come to stablecoins in 2024. In a new interview with CNBC International, Garlinghouse says that the US government will create clear guidelines for the stablecoin industry this year as he believes dollar-pegged crypto assets have important utility. “I think this year there will […]

Stablecoin issuer Tether (USDT) is nearing a $100 billion market cap after adding about $10 billion to its valuation during the last three months. According to new data from crypto ranking platform CoinGecko, USDT has seen its total market cap balloon from $84 billion on October 15th to over $94 billion on January 15th. Last […]

As technology is growing, the crypto industry is extending its roots in the financial sector. The new year, 2024 comes with 3 cryptocurrency .

Bitcoin’s untypical lack of volatility continues as the asset has failed to move during the weekend from the $41,500 mark. Most altcoins are also quite sluggish now, with minor gains seen from the likes of ETH, SOL, XRP, BNB, and ADA. BTC’s Stagnation Continues The ETF approvals from last week came amid enhanced volatility that […]