Tag: News

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Over $24 Billion in Cryptocurrency Received by Illicit Addresses in 2023, Down 40% from 2022: Chainalysis

January 19, 2024

Crypto research firm Chainalysis revealed that at least $24.2 billion worth of cryptocurrency was sent to illicit wallet addresses in 2023, encompassing addresses associated with sanctions, terrorist financing, and scams. The figure is considered a conservative estimate, and Chainalysis expects it to rise as more illicit addresses are identified. Chainalysis focused on crypto-related crime, acknowledging…
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Gary Gensler Warns about AI’s Impact to Financial Systems, Doesn’t Touch on Cryptocurrency

January 18, 2024

Securities and Exchange Commission (SEC) Chair Gary Gensler has previously warned that artificial intelligence (AI) could lead to the next financial crisis. Gensler once again elaborated on this topic during a virtual fireside chat hosted by the non-profit advocacy organization Public Citizen on Jan. 17.   Gensler spoke in depth about how AI can manipulate markets…
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Grayscale’s GBTC Sheds Over 13,700 BTC in 24 Hours Amid Rising Bitcoin ETF Competition

January 18, 2024

Prior to Wednesday’s market opening, Grayscale’s exchange-traded fund, GBTC, reported holding 605,890.87 bitcoin in reserves. However, according to the company’s most recent update, there has been a significant decrease in GBTC’s holdings, with a reduction of 13,793.09 bitcoin, valued at approximately $571 million. Major Outflows Hit Grayscale’s GBTC This recent decline in reserves marks another…
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In Social Media Buzz, Investment Giant Franklin Templeton Commends Ethereum and Solana’s Advances 

January 18, 2024

Based in San Mateo, the prominent investment management firm, Franklin Templeton, has been actively posting about digital assets on social media following the recent approval of its new spot bitcoin exchange-traded fund (ETF). The firm’s U.S. X account now sports a modified logo featuring Benjamin Franklin with laser eyes. This Wednesday, the account prominently recognized…
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Blackrock’s Bitcoin ETF Attracts Diverse Investors, Secures 25,067 BTC in Holdings 

January 18, 2024

In a recent interview, Rachel Aguirre, the head of product for Blackrock’s Ishares U.S., delved into the substantial inflows witnessed by the firm’s new spot bitcoin exchange-traded fund (ETF), known as IBIT. Aguirre highlighted that the IBIT ETF has attracted a diverse group, including “retail, self-directed investors, and some who were ready to invest day…
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Polymarket Predicts Trump as 2024 US Election Winner With 48% Chance, Biden and Haley Trail in Predictions

January 18, 2024

With the U.S. presidential election just about nine months on the horizon, it appears that American electors are poised to encounter familiar faces from the 2020 race — Joe Biden and Donald Trump. Recent data from the decentralized crypto-based predictions platform Polymarket suggests that Trump, the nation’s 45th president, is currently leading with a 48%…
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Ethereum Staking Platform Kiln Raises $17 Million in Funding Round Led by 1kx

January 18, 2024

Paris-based Ethereum staking infrastructure provider Kiln has closed a $17 million funding round to expand its institutional-grade offering internationally. The funding will also support more decentralized finance (DeFi) reward models. The funding round was led by 1kx. Several prominent investors participated in the round, including Crypto.com, IOSG, Wintermute Ventures, KXVC, and LBank. Existing investors, including…
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Trump’s Promise: “I Will Never Allow The Creation Of A CBDC”

January 18, 2024

Former US President Donald Trump has been dismissive about the value of cryptos and central bank digital currencies (CBDCs) in the past. The 2024 Republican frontrunner has once again promised against the creation of a CBDC “to protect Americans from government tyranny.” Speaking in Portsmouth, New Hampshire Trump defined CBDCs as a “dangerous threat to…
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South Korean Gov’t to ‘Completely Review’ Crypto Tax Law

January 18, 2024

Source: HyunJun/Adobe The South Korean government says it will “completely re-examine” the “need” to tax crypto traders on their earnings. As things stand, traders are set to be taxed on their earnings from January 2025. But per News1, the government will “review” its stance on the taxation of crypto trading profits. This follows a recent…
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Bitcoin Price Prediction as Jim Cramer Says Stock Market is Ready for a ‘Pullback’ – Will BTC Drop?

January 18, 2024

As the stock market braces for a potential pullback, with CNBC’s Jim Cramer pointing to overvalued tech stocks and artificial intelligence ventures, the impact on cryptocurrency markets, particularly Bitcoin price prediction, becomes a focal point of interest. Cramer’s commentary follows a downtrend in major indices like the Dow Jones Industrial Average, S&P 500, and Nasdaq…
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