Tag: News

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Bitcoin Price Prediction as Bearish Trend Sends BTC Below $42,000 – Will BTC Keep Falling?

December 16, 2023

Bitcoin (BTC), the pioneering cryptocurrency, currently faces a downtrend, slipping below the pivotal $42,000 mark, trading at $42,200 with over 1.50% decrease. This movement prompts questions about Bitcoin’s future trajectory and whether this bearish trend will persist. Amidst these fluctuations, platforms like Paybis are streamlining Bitcoin purchases using credit cards, reflecting the growing accessibility of…
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Bitget Forecasts BTC to Reach $100,000 and ORDI’s Ascent in Next Bull Market

December 16, 2023

In a newly published prediction report, Bitget, a leading derivatives crypto exchange, forecasts a vibrant future for the Bitcoin ecosystem, with BTC potentially soaring to $100,000 and the ORDI BRC20 token climbing the ranks in the next bull market. Bitget researchers say this expansion is set to revolutionize the crypto world, offering unprecedented growth opportunities. …
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JPMorgan Analysts Predict Ether Will Outperform Bitcoin Next Year; Halving Priced In

December 16, 2023

JPMorgan analysts predict ether, the main asset of the smart contracts enabled Ethereum blockchain, will likely outperform bitcoin next year. A note released this week explains that Proto-Danksharding, an update coming to Ethereum next year to address the network’s operative capacity, will influence the token’s performance. JPMorgan Predicts Ether Will Outperform Other Cryptocurrencies in 2024…
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Bitcoin Miner Hive Diversifies Into AI, Acquires 96 Nvidia GPUs to Boost High-Performance Computing Operations

December 16, 2023

On Friday, Hive Digital, based in Vancouver and specializing in bitcoin mining and high-performance computing (HPC), announced its foray into artificial intelligence (AI) and HPC technologies. This strategic move involves acquiring 96 Nvidia H100 graphics processing units (GPUs). From Bitcoin Mining to AI Expansion: Hive Digital Acquires Nvidia GPUs for HPC Enhancement Hive Digital (Nasdaq:…
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Crypto Crimes Highlighted in IRS Criminal Investigation’s 2023 Top 10 Criminal Cases

December 16, 2023

In the IRS’s list of top 10 criminal cases for 2023, cryptocurrency frauds are featured, ranging from multi-million dollar tax evasions to elaborate money laundering schemes. Crypto Scams Among Most Significant Financial Crimes in IRS Criminal Investigation’s 2023 Report The IRS Criminal Investigation (CI) division has released its annual list of the top 10 criminal…
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First Trust Submits ‘Buffer’ Crypto ETF to SEC as Gensler Reconsiders Approach

December 15, 2023

Image Source: iStock Illinois-based financial services firm First Trust has formally submitted Form N1-A to the US Securities and Exchange Commission (SEC), notifying the agency of its intentions to launch a crypto-backed exchange-traded fund (ETF). According to the prospectus submitted to the SEC on December 14, the ETF would be called First Trust Bitcoin Buffer…
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Coinbase Reveals ‘Project Diamond’ Initiative, Targets Institutions Issuing Native Digital Assets

December 15, 2023

Coinbase, the largest U.S.-based crypto exchange, has revealed Project Diamond, an initiative that seeks to provide the tools for institutions to issue native digital assets. The project, which integrates several technologies, including Coinbase’s layer 2 product Base, the USDC stablecoin, Coinbase Prime custody services, and its Web3 wallet, has received approval from the Financial Services…
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Adam Back Says ‘Suck That Truthoors’ as Cantor Fitzgerald CEO Reveals Company Holds Tether’s Treasuries

December 15, 2023

Howard Lutnick, CEO of Cantor Fitzgerald, a Wall Street private financial services company, has recently confirmed that they lent their services to Tether, the issuer of the biggest stablecoin in the cryptocurrency market. On CNBC’s Money Movers, Lutnick stated that he was a fan of Tether and that they held their treasuries. Cantor Fitzgerald…
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Bank of Korea Governor Calls for Action on CBDCs

December 15, 2023

Source: AdobeStock South Korea’s central bank governor Lee Chang-yong is calling for action around central bank digital currencies (CBDC) which he says have become imperative and there is an urgency that can no longer be postponed. The Bank of Korea has not yet decided whether or not to issue a CBDC and has stressed that…
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Safemoon Files for Chapter 7 Bankruptcy Month After SEC Charged Founders With Fraud

December 15, 2023

Source: Pixabay Decentralized finance protocol SafeMoon has officially filed for Chapter 7 bankruptcy protection in the face of mounting allegations of fraud and mismanagement. The company’s founders Kyle Nagy, Thomas Smith, and Braden Karony, accused of misleading investors, are facing a $200 million SEC lawsuit for securities fraud. The bankruptcy filing comes after a tumultuous…
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