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Showing posts from December, 2023

MicroStrategy buys BTC, Trump transfers ETH to Coinbase, spot ETF drama continues, Zhao grounded | Weekly Recap

MicroStrategy purchases more BTC; spot ETF drama continues, featuring BlackRock, VanEck, Coinbase and Bitwise; Changpeng Zhao to remain in U.S. Sentiment Result : Positive

Bitcoin ATM innovator CoinFlip to look beyond kiosks in 2024

CoinFlip founder and chair Daniel Polotsky discusses regulation, Bitcoin trends and growing the company's global footprint in 2024. Sentiment Result : Positive

XRP Could Surge Massively at Beginning of 2024, Here's Why

As the new year unfolds, XRP appears to be caught in a technical puzzle that could spell a period of stagnation for the asset. The cryptocurrency's chart displays a descending triangle formation, traditionally a bearish signal indicating that lower highs are being met with a stable level of support on the XRP/USD chart. Sentiment Result : Negative

Arthur Hayes Says Government Money Printing Will Push Bitcoin Into Blow-Off Top by 2027

BitMEX founder Arthur Hayes says that reckless money printing has likely already begun to send Bitcoin (BTC) on another bull run. Sentiment Result : Positive

Here's the ‘Best Thing' That Could Happen to Bitcoin After Potential ETF Approval, According to Top Analyst

A top trader who caught the crypto breakout at the start of the year is unveiling the best path for Bitcoin following the potential approval of spot market BTC exchange-traded fund applications (ETF). Sentiment Result : Positive

Bitcoin ETF Approval News Won't Lead to Crypto Market Rally As Per Options Data

The first of 2024 is going to be pretty exciting for Bitcoin investors and the entire crypto community which has been eagerly awaiting the launch of the first spot Bitcoin ETF in the US. As per the latest reports, the U.S. SEC could be contacting the Bitcoin ETF applicants earlier next week. Sentiment Result : Positive

Bitwise Plans to Seed Spot Bitcoin ETF With $200 Million, SEC Filing Shows

Bitwise has revealed in an amended filing with the U.S. Securities and Exchange Commission (SEC) a plan to seed its spot bitcoin exchange-traded fund (ETF) with $200 million. This significantly exceeds Blackrock's $10 million seed commitment for its spot Bitcoin ETF that's planned for Jan. 3. Sentiment Result : Positive

Blackrock Names JPMorgan as Authorized Participant for Spot Bitcoin ETF Despite Jamie Dimon Wanting to Ban Crypto

Blackrock, the world's largest asset manager, has named JPMorgan as a lead authorized participant for its spot bitcoin exchange-traded fund (ETF). This followed JPMorgan CEO Jamie Dimon stating in a congressional hearing that bitcoin and cryptocurrency are used primarily for criminal purposes and that he would close down crypto if he were the government. Sentiment Result : Negative

How Vitalik Buterin's Roadmap Update May Push Ethereum to New All-Time High

Analysts projected an optimistic future for Ethereum, predicting a potential price target of $5,300. This forecast aligns with the latest updates from Ethereum's co-founder, Vitalik Buterin. Sentiment Result : Positive

Jamie Dimon Slammed For Strong Anti-Bitcoin Stance As JPMorgan Bags Role To Buy BTC On Behalf Of BlackRock's ETF

Crypto industry commentators are lambasting Jamie Dimon after JPMorgan was named by BlackRock as its authorized participant for the asset manager's yet-to-be-greenlighted spot Bitcoin exchange-traded fund (ETF), given the CEO's infamous criticism of the premier cryptocurrency. Sentiment Result : Negative

The Million Dollar Club: These Famous People Said That Bitcoin Will Reach $1M In 2023

Amidst a monumental surge in 2023, Bitcoin (CRYPTO: BTC) has reached $44,000, notching a 150% climb in value in 2023. The rise has garnered the focus of Bitcoin maximalists and high-profile personalities, who, collectively dubbed the “million dollar club,” are forecasting a historic peak that could see Bitcoin reaching the $1 million milestone. Sentiment Result : Positive

How Spot Bitcoin ETFs Could Cannibalize 150 Crypto Funds Across The Globe

Recent research from BitMEX has delved into crypto exchange-traded products revealing that there are many more than just those vying for a spot Bitcoin ETF. Sentiment Result : Neutral

Bitcoin Shakes The Blues

The year 2023 came in like a lion and is going out like a lamb for bitcoin. Despite sniping from U.S. regulators, arrests, prosecutions and convictions of former industry superstars, and a lack of clarity of the legality of the cryptocurrency business, bitcoin has surged 154% from the dark days at the end of 2022. Sentiment Result : Positive

Bitcoin & Ethereum Open Interest (OI) And Funding Rates Signals Bullish 2024 Start

After $11 billion in annual options delivery on Friday, Bitcoin and Ethereum are expected to close the year below $44,000 and $2400 levels. As BTC and ETH continued to rally this year due to rising open interests (OI), a record rise in funding rates stalled the rally at the end of the year. Sentiment Result : Negative

Indonesia Closes 10 Bitcoin Mining Operations Over $1M Power Theft

A total of about $935,666 USD, was lost due to energy theft at these ten sites. The operation's organisers tampered with the electrical circuits powering the devices. Sentiment Result : Negative

Trader Predicts ‘Fireworks' for Blue-Chip Altcoin if Critical Support Area Is Reclaimed, Updates Bitcoin Outlook

A widely followed analyst and trader says a top-five altcoin by market cap could rally higher if it overcomes a key resistance zone and turns it into a support area. Sentiment Result : Positive

Fidelity, Others Amend Spot Bitcoin ETF Forms On Deadline Day – Details

In the last few weeks, there have been notable developments in the spot Bitcoin ETF saga in the US, with asset managers revising their application forms following dialogue with the US Securities and Exchange Commission (SEC). Sentiment Result : Neutral

Analyst Unveils Investment Potentials Of Bitcoin, Ethereum, & Other Altcoins

In the dynamic realm of cryptocurrency, the ever-evolving landscape has sparked discussions about the ideal investment choices between Bitcoin, Ethereum, and other altcoins. Meanwhile, renowned crypto analyst Michaël van de Poppe, on the X platform, delves into the intricacies of this market, emphasizing the potential of altcoins amidst the rising waves of Bitcoin and Ethereum. Sentiment Result : Positive

Bitcoin ETF Approval: Nic Carter Cautions On BTC Price Rally Hype

Amid high expectations of the approval of spot Bitcoin ETF in the United States, Bitcoin advocate Nic Carter predicted a nearly 100% jump for Bitcoin (BTC) Price from the current range of $40,000 in the year 2024. Also Read: Invesco, WisdomTree, Fidelity, and Bitwise Update S-1 Filings; JPMorgan in Spotlight as AP BTC At New Sentiment Result : Positive

Coinbase Head Of Custody Was Changed To Support Spot Bitcoin ETF Launch

Aaron Schnarch, the former Coinbase head of custody, has left the company, paving the way for Rick Schonberg to assume the role as of August, according to a spokesperson. Sentiment Result : Positive

Why Altcoins Zoomed Higher Again This Week

Reallocation helped cryptocurrencies maintain their impressive late-2023 rally. Sentiment Result : Positive

How Justin Sun played a part in creating Ethereum

Exploring the hidden corridors of the cryptocurrency world often reveals untold stories of collaboration and influence. One such narrative is that of Justin Sun, the founder of Tron, and his impact on the early development of Ethereum, a leading name in the crypto universe. Sentiment Result : Neutral

VanEck teases ‘Buy Bitcoin' in social media video amid new filing for spot ETF with SEC

VanEck unveiled a video on social media on Friday that teased the terms "Buy Bitcoin" and "Born to Bitcoin." Sentiment Result : Positive

Bitcoin ETF Race Could Get Tighter After This Deadline

Fund managers vying to release a spot Bitcoin ETF have until today to file a key amendment to their applications. Sentiment Result : Neutral

ETH Stopped at $2.4K as Bears Push for a Correction (Ethereum Price Analysis)

Ethereum's price is encountering significant resistance around the pivotal $2.4K region, highlighting an ongoing struggle between buyers and sellers. Despite efforts, the price has been unable to surpass its previous swing high of $2403, leading to a slight pullback and the potential formation of a double-top pattern. Sentiment Result : Negative

Bitcoin Miners Offload $129M BTC in Day, Sending Reserves to the Lowest Point Since May

Bitcoin miners' reserves slid to the lowest since May following a spate of withdrawals to exchanges this week, data from CryptoQuant shows. Sentiment Result : Negative

Ethereum's Soaring Rally: Trader's Strategic Moves Reveal Colossal Profits Amid Surging ETH Prices

In the ever-dynamic world of cryptocurrencies, Ethereum, a leading blockchain-based platform, has recently sparked intense speculation and excitement. The native token of this platform, Ether (ETH), has surged dramatically, creating ripples of interest across the crypto landscape. Sentiment Result : Positive

Spot bitcoin ETF approval will bring more institutional investors into crypto, says Goldman Sachs exec

Mathew McDermott, head of digital assets at Goldman Sachs, says the approval of spot crypto ETFs will spur greater institutional interest in crypto. Sentiment Result : Positive

Ethereum Can Go Back to Its Cypherpunk Roots, Says Vitalik Buterin

Ethereum co-founder Vitalik Buterin has posted his end-of-year thoughts regarding the network and returning it to its cypherpunk roots. Sentiment Result : Positive

Ripple's Legal Victories in 2023: A Game-Changer for XRP

2023 has been a landmark year for Ripple and its digital currency, XRP. The company's series of legal victories against the U.S. Securities and Exchange Commission (SEC) have not only vindicated Ripple but also marked a turning point for the entire cryptocurrency industry. Sentiment Result : Positive

Vitalik Buterin wants to ‘make Ethereum cypherpunk again'

Ethereum co-founder Vitalik Buterin says the blockchain's “cypherpunk” vision was largely swept under the carpet when cryptocurrencies began to over-financialize the network around 2017. Sentiment Result : Positive

Understanding XRPL's Recent Struggles and the Quest for Scalability in Cryptocurrency Networks

In the ever-evolving landscape of cryptocurrencies, recent debates have unfolded surrounding the XRP Ledger (XRPL), shining a spotlight on its capacity to handle inscriptions and the broader issue of scalability. This discussion, reaching far beyond the realm of tech enthusiasts, encapsulates the challenges and opportunities faced by emerging blockchain networks. Sentiment Result : Neutral

Bitcoin rainbow chart predicts the next cycle top, here's how

Bitcoin's rainbow chart outlines where BTC is - right now it says "Accumulate." Sentiment Result : Positive

Cryptocurrency Market Update: Altcoins Surge, BNB Reclaims 4th Place, Bitcoin Sees Mixed Signals

The cryptocurrency market is a cauldron of volatility and excitement, and the recent waves are no exception. In the latest developments, altcoins have surged forward, with Binance Coin (BNB) reclaiming its coveted 4th place position from SOL after a remarkable 12% surge, hitting $330. Sentiment Result : Positive

Exploring Africa's Healthcare Investment Landscape: Opportunities Unveiled by XRP Healthcare and The Burnratty Investment Group

Africa's healthcare sector is experiencing a transformative wave, and at the forefront of this evolution stand XRP Healthcare and The Burnratty Investment Group. In an ambitious move to reshape the investment landscape, these visionary entities have unveiled a remarkable opportunity that transcends borders and beckons global investors to participate in Africa's healthcare growth story. Sentiment Result : Positive

Vitalik Buterin's new proposal would cut Ethereum's security

In a new proposal, Vitalik Buterin suggests decreasing the number of PoS validators from nearly 1 million to just 8,192 to reduce complexity. Sentiment Result : Negative

Veteran Trader Peter Brandt Spots Intriguing Trend on Ethereum (ETH)

In a new tweet, veteran trader Peter Brandt corrects the erroneous assumption of an ascending triangle trend on the Ethereum (ETH) chart. Sentiment Result : Positive

By The Numbers: How Much Profits Did Microstrategy's Bitcoin Stack Make In 2023?

As Microstrategy wraps up another large Bitcoin acquisition, here's how the company's holdings as a whole have performed in the year 2023. Microstrategy Turned Its Bitcoin Profit-Loss Balance Around This Year In a Quicktake post, the CryptoQuant Netherlands community manager, Maartunn, has broken down the performance of Microstrategy‘s Bitcoin holdings over 2023. Sentiment Result : Neutral

Here's when Bitcoin price could go parabolic

At the end of 2023, Bitcoin (BTC) is starting to consolidate the impressive gains it accumulated in recent weeks but is still trading around the massively important psychological level of $43,000, with its historical price action suggesting a specific period when it could go parabolic. Sentiment Result : Positive

Top Analyst Says Polygon Rival ‘Likely Going Much Higher,' Updates Outlook on Bitcoin and Mina Protocol

A closely followed crypto trader says that one layer-2 scaling solution still has more upside potential after a big rally. Pseudonymous trader The Flow Horse tells his 194,500 followers on the social media platform X that Polygon (MATIC) competitor Optimism (OP) is likely heading higher after a retest at the $3.45 level. Sentiment Result : Positive

DDoS attack hits Bitcoin Ordinals website, sparking controversy

In an unexpected turn of events, the Ordinals.com website, known for its unique take on Bitcoin block inscriptions, recently fell victim to a Distributed Denial of Service (DDoS) attack. Sentiment Result : Negative

Ethereum's Path to Efficiency: Vitalik Buterin's Proposal for a Lighter PoS System

Explore how Ethereum co-founder Vitalik Buterin proposes to revolutionize the blockchain's PoS system, making it lighter and simpler. Discover the innovative steps towards reducing the signature load for a more efficient Ethereum network. Sentiment Result : Neutral

Bitcoin Price Prediction: ETC Group Anticipates Surpassing $100,000 By End 2024

Numerous price predictions have emerged as the Bitcoin price continues to demonstrate significant growth throughout the year, fueled by factors such as the upcoming halving event and potential approval of a spot Bitcoin exchange-traded fund (ETF) by the US Securities and Exchange Commission (SEC). Notably, the ETC Group has released a comprehensive report shedding light on the potential for new all-time highs in 2024 and an impressive milestone of $100,000 by year-end. Sentiment Result : Positive

XRP Cryptocurrency Witnesses Large Whale Transfers Amid Market Volatility

In the ever-evolving landscape of cryptocurrencies, Ripple's digital asset XRP has once again surged into the limelight. Recent whale transactions totaling a staggering 537.54 million XRP have set tongues wagging in the crypto sphere, coinciding with noticeable price fluctuations. Sentiment Result : Positive

What Are Bitcoin Ordinals And How Can You Trade BRC-20 Tokens

Cryptocurrency enthusiasts have been captivated by the world of Bitcoin Ordinals and BRC-20 (Bitcoin Request for Comment 20) Tokens, witnessing a dynamic shift within the Bitcoin ecosystem. These developments, often associated with the realms of NFTs and blockchain innovation, have raised curiosity and debates within the community. Sentiment Result : Positive

As bitcoin ETF saga hits possible homestretch, here's what to watch for

As industry watchers eye the potential approval of spot bitcoin ETFs, one analyst says specific application updates in the coming days could be the difference between firms being able to launch such products, and not. Sentiment Result : Positive

Bitcoin Sees Record Institutional Interest Ahead of Anticipated ETF Decision: What to Expect

In the dynamic world of cryptocurrencies, Bitcoin, the pioneer digital asset, is currently witnessing a surge in institutional interest, setting new records in the derivatives market. As the cryptocurrency landscape evolves, anticipation mounts ahead of the U.S. Securities and Exchange Commission's (SEC) pivotal decision concerning a potential Bitcoin Exchange-Traded Fund (ETF). Sentiment Result : Positive

Bitcoin's realized cap shows growing economic footprint

The crypto market offers a unique perspective on asset valuation through the concept of realized capitalization. For Bitcoin, the realized cap provides invaluable insight into its economic footprint and investor sentiment. Sentiment Result : Positive

MicroStrategy's Bitcoin holdings nearing that of the U.S. government

MicroStrategy bought 14,620 units of Bitcoin for approximately $615.7 million in cash between Nov. 30 and Dec. 26 at an average price of $42,110 per BTC, according to a Dec. 27 Form 8-K filing submitted to the U.S. Securities and Exchange Commission (SEC). As of Dec. 26, MicroStrategy holds 189,150 BTC, acquired for approximately $5. Sentiment Result : Positive

Important Binance Listing Announcement for Ripple (XRP) and Solana (SOL) Users

Some of the assets included in Binance's listing have experienced a price jump shortly after the annoucnement. Sentiment Result : Positive