Author: Chris Smith
Ark Invest Sells $24M in Coinbase Shares
Reading Time: < 1 minuteCathie Wood’s investment firm, Ark Invest, has recently sold 149,780 shares of Coinbase stock worth $24.2 million from two of its funds.
Analysts: Bitcoin Could Reach $160K Following ETF Launch
Reading Time: < 1 minuteA combination of key factors and historical trends could potentially drive the first cryptocurrency to a price of $160,000 in a bull market by 2024.
Bitcoin ETFs Will Be Approved in Early 2024: Report
Reading Time: < 1 minuteA K33 report indicates that approval for a spot exchange-traded fund (ETF) based on the first cryptocurrency is likely to happen by January 10, 2024.
Layer 3 Foundation Launches Testnet of Its P2P Yellow Clearing Network
Reading Time: < 1 minuteBlockchain-based fintech company Layer 3 Foundation has just launched the testnet program for its clearing system Yellow Clearing Network.
Immutable Rolls Out a Web3 Wallet for Gamers
Reading Time: < 1 minuteImmutable has officially launched Passport, a tool that combines the features of a non-custodial crypto wallet, player profile management, and authentication.
Canadian and Swiss Investors Put $16M into Crypto-centered Funds: Report
Reading Time: < 1 minuteAccording to a recent report from CoinShares, institutional investors invested a total of $1.14 billion into crypto funds in 2023.
SEC Puts Off its Decision on Several Ethereum ETF Applications
Reading Time: < 1 minuteOn December 18, the SEC announced a delay in their final decision on approving Ethereum-based ETFs for several companies.
FTX Pays $53,000 Per Hour on Bankruptcy Fees
Reading Time: < 1 minuteFTX has spent approximately $53,000 per hour in the three months leading up to Oct. 31 on bankruptcy lawyers and advisers.
Polygon Drops Support for Polygon Edge Developer Tool
Reading Time: < 1 minutePolygon Labs has announced the discontinuation of support for their early open source solution, Polygon Edge, which was used for building EVM-compatible networks.
Ledger Users Suffer a Hacker Attack
Reading Time: < 1 minuteAccording to Ledger, a hacker was able to compromise a software library used in decentralized applications, injecting malicious code into their interfaces.
CoinList Will Pay a Fine of $1.2M
Reading Time: < 1 minuteCoinList, a token sale platform and crypto exchange, has reached a resolution with OFAC regarding violations of sanctions regulations.
Cryptocurrency Traders Are Becoming Increasingly Active: Kaiko
Reading Time: < 1 minuteAccording to Kaiko, both centralized and decentralized exchanges have seen an increase in average transaction volume since October.
IRS Unveils Largest Crypto Cases of 2023
Reading Time: < 1 minuteThe IRS Criminal Investigations Division has recently revealed a list of their top ten most well-known and high-profile cases in 2023.
BlackRock Revises its Spot Bitcoin ETF Application
Reading Time: < 1 minuteBlackRock has recently made a major change to its application for a Bitcoin exchange-traded fund (ETF).
Crypto Funds See Inflows fox 11th Consecutive Week
Reading Time: < 1 minuteThe total inflow into cryptocurrency investment products between December 2 and December 8 was reported to be $42.8 million.
Uniswap Launches on Bitcoin Sidechain Rootstock
Reading Time: < 1 minutePopular decentralized exchange Uniswap has taken a step towards the Bitcoin ecosystem by integrating with the Rootstock sidechain.
Crypto Market Grew by 110% in 2023: Report
Reading Time: < 1 minuteThe total value of digital currencies has increased by 110% or $870 billion since the beginning of 2023, with the fourth quarter seeing the largest increase at 55%.
Former Binance CEO Zhao Unable to Return to UAE
Reading Time: < 1 minuteA US federal judge in Seattle has ruled that Changpeng Zhao, the former CEO of Binance, is not allowed to return to his home in the United Arab Emirates until he is sentenced in February.
Phoenix Group Closes a $380M Deal with Miner MicroBT
Reading Time: < 1 minutePhoenix Group has announced a contract worth $380 million with MicroBT, the manufacturer of Whatsminer-branded Bitcoin mining devices.
Court Accepts Changpeng Zhao’s Admission to Violating US AML Laws
Reading Time: < 1 minuteA US District Judge in Seattle has acknowledged the guilty plea of former Binance CEO Changpeng Zhao (CZ) concerning charges linked to anti-money laundering violations.
Robinhood Unveils Crypto Trading Application in Europe
Reading Time: < 1 minuteRobinhood has revealed the introduction of its cryptocurrency trading app in the European Union.
The IRS Focuses on Crypto Tax Evasion
Reading Time: < 1 minuteIn just three years, the majority of cryptocurrency investigations have switched from money laundering to tax evasion.
Solana CEO Says Users Are Not Interested in its Saga Smartphone
Reading Time: < 1 minuteSolana co-founder Anatoly Yakovenko has discussed the need for a significant increase in user figures, from the current 2,200 to 25,000-50,000, in order to establish a solid user base for the Saga smartphones.
Circle Introduces Solutions to Prevent Fraudulent Activities on Blockchains
Reading Time: < 1 minuteCircle’s technology branch has recently introduced two new initiatives with the objective of tackling theft and fraudulent activities on blockchains.
KyberSwap to Give $48M in Compensation to Hack Victims
Reading Time: < 1 minuteThe team of decentralized exchange KyberSwap will be offering grants from their project funds to users who were affected by the $48.8 million hack in November.
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