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Most crypto currencies have had a bright 2023, accumulating massive gains during a sentiment pivot from 2022’s bear market. Greed indexes returned to 2021’s bullish levels, allowing investors to realize yearly profits. Notably, Bitcoin (BTC) outperformed 65 of the top 100 cryptocurrency projects, increasing its now lowered dominance. The leader gained attention with spot ETF applications from industry giants like BlackRock and Fidelity. However, the biggest gains in 2023 were from crypto currencies, appealing to a more popular narrative. In particular, meme coins, layer-1 protocols, artificial intelligence, and layer-2 solutions dominated this year’s narrative. In the top 10, a CoinGecko ’s report from December 28 lists BONK, Injective (INJ), CorgiAI, Kaspa (KAS), Render (RNDR), Solana (SOL), Conflux (CFX), WEMIX, Fetch.ai (FET), and Stacks (STX). Best-performing cryptocurrencies in 2023. Source: CoinGecko Bonk (BONK) Stocks The final bell: This is how the stock...

BlackRock disclosed JPMorgan Securities and Jane Street as intended participants for its proposed Bitcoin ETF before the SEC decision. The asset management giant is set to collaborate with the participants , pending approval from the Securities and Exchange Commission (SEC). Authorized participants play a crucial role in ETF operations, as they can create and redeem shares. This involves exchanging ETF shares for a corresponding basket of securities mirroring the fund’s holdings or opting for a cash exchange. The disclosure of these authorized participants is considered a pivotal step before the SEC decides. JPMorgan CEO Jamie Dimon has previously advocated for a government ban on cryptocurrencies, citing concerns about their legitimacy. But with JPMorgan being an intended participant in the Bitcoin ETF, Dimon’s words contradict his previous statements. Jamie Dimon says Bitcoin should be banned. Now his bank JP Morgan has been named as an ‘Authorised Participant’ on Bl...

1. MicroStrategy Reacquires 14,620 Bitcoins at a Cost of USD 615.7 Million link MicroStrategy has once again acquired 14,620 bitcoins for a total cash amount of $615.7 million, with an average price of $42,110 per bitcoin. As of December 26, 2023, MicroStrategy now possesses a total of 189,150 BTC, acquired at an approximate cost of $5.9 billion, with an average price of $31,168 per bitcoin. 2. Securities and Futures Commission of Hong Kong: Prepared to Entertain Applications for Approval of Virtual Asset Spot ETFs link The Securities and Futures Commission of Hong Kong has issued a circular, indicating its readiness to entertain applications for approval from funds involving virtual assets, including virtual asset spot trading exchange-traded funds (ETFs). Furthermore, the Commission endorses funds to directly invest in virtual asset tokens permitted for retail trading on compliant exchanges in Hong Kong and allows the trading of virtual asset futures on traditional, regulated futures...

Ethereum could outperform Bitcoin in 2024 as it capitalizes on its technological advances and a unique position as a leading smart contract platform, says ETC Group. The Ethereum network’s deflationary burn mechanisms and the attraction of its staking yields are behind the prediction in a recent report by head of research André Dragosch ETH could potentially outperform Bitcoin due to its technological advancements and smart contract dominance, says ETC Group's Head of Research. 📈 Do you think $ETH will outperform $BTC in 2024? 🤔 Share your thoughts in our poll! 📊#BULLRUN2024 #Bitcoin #Ethereum — tastycrypto (@tastycrypto) December 27, 2023 Dragosch anticipates a mean reversal for the Ethereum price that will see it return to its average relative performance against Bitcoin. Ethereum May Outperform Bitcoin By 100% In 2024 Ether to Bitcoin‘s 12-months relative performance has historically shown a strong tendency to mean rever...

The numbers behind Shiba Inu, one of the leading meme-coin cryptocurrencies, have been a mixed bag as of late. SHIB has seen a recent increase in whale activity and overall growth over the past month, despite being down in the last 24 hours. Additionally, SHIB has seen a 7.06% decrease in trading volume to $184.11 million. With the crypto market in 2024 set to swing, Shiba Inu is expected to leap forward in price in the new year. Here is our price prediction for Shiba Inu come January 2024. Source: WatcherGuru Also Read: Bitcoin: $103 Million Flows In as Crypto Investments Rebound Shiba Inu Price Forecast for January 2024 According to forecasts and Shiba Inu prediction experts, Shiba Inu is expected to rise come the new year. In January 2024, analysts forecast Shiba Inu to have a minimum price of $0.00000950. While that is down from its current price of $0.00001037, that is again a bare minimum price prediction. On the flip side, experts predict Shiba Inu could reac...

Hong Kong authorities have proposed accepting and regulating fiat-pegged stablecoins (FRS). According to the document, the Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) will allow retail investors to purchase stablecoins , but note that their issuers must obtain a special local HKMA license. To obtain a license, companies must fully support all stablecoins in circulation with reserves equal to the face value, segregation and custody of reserve assets, disclosure, and regular reporting. They will also need to open an office in Hong Kong with a CEO, senior management team, and key personnel. However, Algorithmic Stablecoin Issuers will not be able to obtain a license. “Implementing law enforcement and enforcement arrangements can properly manage the actual and potential risks associated with developing stablecoins in Hong Kong and be consistent with international standards.” Hui Ching, Director of the Treasury Bureau In...

Decentralized finance (DeFi) platform Kyber Network is cutting its staff in half following a large exploit earlier this year, according to its CEO and founder. In November, KyberSwap was exploited for $46.5 million worth of digital assets, including $20.78 million worth of Wrapped Ethereum (wETH), $9.53 million worth of Lido-wrapped staked Ethereum (wstETH), and $4.1 million worth of layer-2 scaling solution Arbitrum (ARB). Kyber Network CEO and founder Victor Tran says on the social media platform X that due to the exploit, the firm is taking measures to make up for the lost funds, including large staff cuts. “However, due to the Elastic exploit, in a move to stand by affected users, we implemented the KyberSwap Elastic Exploit Treasury Grant Program to cover up to 100% of users’ losses. We have also made significant changes in our business operations to ensure we are well positioned to continue on a sustainable path forward, including temporarily pausing o...

MOVR’s rise of 406% in a week sparks investor optimism, but sustainability remains uncertain. Moonriver benefits from Polkadot’s positive momentum, but the absence of project news raises questions. MACD and CMF indicators hint at potential bearish pressure, urging caution among MOVR investors. Moonriver (MOVR) has recently witnessed a significant upsurge in its market value. In just the past week, MOVR has seen an increase of around 406%, bringing a wave of optimism to its investors.  Consequently, bullish momentum has had the upper hand, with bulls nullifying the bearish trend in the last 24 hours after support at $29.15 was tested. The positive momentum was at play at press time, with MOVR exchanging hands at $33.92, a 5.92% surge from its intra-day low. MOVR/USD 24-hour price chart (Source: CoinStats) MOVR’s market capitalization increased substantially by 5.46% during the rally to $294,953,185. This rate of increase predicts t...

New blockchains and AI projects continue to ascend in the market every day. These technologies promise to open up new business areas and expand economic opportunities around the world in unexpected ways. This is why, among the many best defi project s that aim to leverage these cutting-edge technologies, AI-powered InQubeta (QUBE) continues to stand out as a very stable and noteworthy player. Their team continues to innovate and prove that they can take the AI story to greater heights. Future made safer One of the most important innovations of AI is improved security. Traditional blockchains face a variety of complex threats that are hard to detect, prevent, and resolve by humans. Thanks to AI-driven solutions like auto threat monitoring and algorithms that detect anomalies, future blockchain networks will be able to identify threats before they impact a platform. Truly, AI is coming for all industries, whether we like it or not. Large blockchains  AI al...

Dec 23, 2023 at 08:30 // Price Author Coin Idol The price of the Ripple coin (XRP) has fallen below moving average lines after two rejections from previous highs. Price Analysis by Coinidol.com. Long-term forecast for the Ripple Coin price: bearish Ripple Coin was rejected twice at highs of $0.69 and $0.64 before falling into the downtrend zone. On December 18, XRP quickly fell to a low of $0.57 as bulls jumped on the dips. The altcoin has recovered but is still trading below the moving average lines. Buyers have twice failed to sustain the price abov...

Matrixport’s track record includes successful predictions, with two out of six already realized, underscoring the anticipation surrounding their latest forecast of Bitcoin reaching $50,000. According to a Dec. 21 post on Lookonchain, Matrixport forecast ed a surge in Bitcoin (BTC) to $50,000 by January, posing the question of its likelihood. According to the web3 data Analysis tool, Matrixport’s history includes six BTC price predictions, with two already being accurate. Matrixport(@realMatrixport) predicted that Bitcoin will surge to $50K in January 2024. Will this come true?#Matrixport made a total of 6 predictions for $BTC price, 2 of which have already come true. On Dec 2, 2022, when the $BTC price was $17K, #Matrixport predicted that… pic.twitter.com/V8el6nnrNE — Lookonchain (@lookonchain) December 21, 2023 One December 2022 prediction came true when Bitcoin was valued at $17,000. Matrixport predicted a 2023 target of $29,000, followed by a modest bull mar...

Blockchain company Consensys has urged careful consideration from the IRS regarding proposed crypto regulations, citing concerns over complexity and potential industry overhaul. In a blog post on Dec. 21, Consensys, a blockchain software developer behind MetaMask and Infura, raised concerns over proposed IRS regulations for digital-asset brokers and emphasizing the need for precision and care in structuring reporting requirements. In response to the proposed rulemaking, the blockchain company emphasized that the final regulations should “reflect the complexities of how digital-asset platforms work” as well as “ensure the continued development of the digital-asset industry.” Consensys pointed out that the proposed regulations — if finalized as is — would impose a “new and complex regulatory scheme on software developers and others in a fast-growing industry with unique technical and operational Features .” “Software developers, from larger...

Polygon Whale’s 26M MATIC transfer to Coinbase triggers market fluctuations. ADA’s solid performance continues, rising 7% from the weekly low, backed by robust technical indicators. Cardano’s ecosystem thrives with a 700% increase in total value, signaling a potential rise to $1 in early 2024. In a recent development, a Polygon whale transaction has caused ripples through the market. This event unfolded as the whale transferred 26 million MATIC tokens to Coinbase, a cryptocurrency exchange.  10,000,000 #MATIC (7,777,230 USD) transferred from unknown wallet to #Coinbasehttps://t.co/fXhG36J2wk — Whale Alert (@whale_alert) December 20, 2023 The transaction, comprising three parts, began with a transfer of 10 million MATIC tokens, quickly followed by another 9 million, and culminated with a final transfer of 7 million tokens. This movement not only demonstrates the whale’s substantial influence but also marks a pivotal moment ...

As the end of 2023 draws closer and optimism returns to the cryptocurrency industry, some of its assets have recorded more impressive results than others, both recently and since the year’s start, including Solana (SOL), which has increased its price by over 780% this year.  Specifically, the current price of Solana, which at press time stood at $85.51, reflects a massive 782% gain on its year-to-date (YTD) chart. Additionally, it represents the culmination of the steady growth during the last two months, according to the most recent information retrieved by Finbold on December 21. Solana year-to-date (YTD) price chart. Source: Finbold On top of that, it has added as much as $4 billion to its market capitalization in as little as the last 24 hours, overthrowing XRP from its position as the fifth-largest crypto asset by this indicator, as per the latest data obtained from the crypto market monitoring platform CoinMarketCap on December 21. Solana 24-hour market cap chart. Source: C...

Paving the way for digital securities legislation, the UK partners with finance and tech sectors. Pullix, a hybrid exchange, introduces PLX token, “Trade-to-Earn” concept, and a diverse ecosystem. Pullix’s ecosystem includes off-chain order book, lending protocol, and VaultX. In a significant move toward embracing the burgeoning crypto landscape, the UK government has announced plans to partner with financial and tech sectors to establish legislation for digital securities. Concurrently, Pullix, an emerging player in the crypto space, is making waves with its unique approach and ongoing presale. This article delves into the details of the UK’s crypto-friendly initiatives and sheds light on Pullix’s innovative features and tokenomics. UK government’s push for digital securities legislation The United Kingdom, under the leadership of Prime Minister Rishi Sunak, is positioning itself as a hub for the crypto industry. A key d...

Scam mers who fooled anti-vaxxers into paying up to $500 in bitcoin for dodgy COVID-19 vaccine passes have reportedly raked in more than $280,000 in crypto, reports WIRED.  Researchers at disinformation detection company Logically found over a thousand accounts on X (formerly Twitter) luring anti-vaxxers into Telegram channels where fake doctors attempt to sell various fraudulent medical documents.  Logically claims that the anti-vaxxer scam network, stretching back to at least June 2022, has reached over 3 million people, made 62,000 posts, and processed $286,000 in crypto. One Scam group reportedly sells COVID-related travel passes for anywhere between $250 and $500 in bitcoin . Others play on anti-vaxxers ’ “vulnerabilities to being paranoid about things like the next pandemic, or other kinds of vaccines” to offer false tuberculosis, tetanus, or polio results.  ‘Unvaccinated sperm will be the next bitcoin’ lives on post-Covid Read more: Twitter ve...

Ethereum (ETH), the second-largest crypto by market cap, has surged by over 87% since the beginning of the year. Although the growth is commendable, ETH’s rise in 2023 is overshadowed by Solana’s (SOL) over 500% growth and Bitcoin’s (BTC) over 150% growth in the same time frame. Nonetheless, analysts anticipate the asset to rally to new highs in the next bull run. ETH is currently up 3% in the daily charts and 0.9% in the last week. Moreover, the token’s price has surged by over 14% over the previous month. Source: CoinGecko Also Read: Bitcoin vs. Ethereum: What Are Institutional Investors Buying? Despite the healthy rise in 2023, ETH is still down by over 50% from its all-time high of $4,878.26, which it attained on Nov. 10, 2021. How to be a millionaire when Ethereum (ETH) hits $3000? Source: Investopedia Reaching $3000 from current levels amounts to a growth of about 33%. To have a million dollars worth of Ethereum at $3000, you would need around...