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Cryptocurrency News

Location American Cryptocurrency News for 16 December 2023
IMF Chief Calls for Clear Crypto Regulation -- Warns High Crypto Adoption Could Undermine Financial Stability The head of the International Monetary Fund (IMF) has called for clear crypto regulations worldwide, cautioning that high crypto adoption could undermine macro-financial stability. “Our goal is to make a more efficient...
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Finance Professor Blasts SEC's Potential Cash-Only Rule for Spot Bitcoin ETFs Citing Benefits of In-Kind Model A finance professor at Georgetown University has urged the U.S. Securities and Exchange Commission (SEC) to avoid micromanaging the creation/redemption process for spot bitcoin exchange-traded funds (ETFs). While the SEC...
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Crypto Crimes Highlighted in IRS Criminal Investigation's 2023 Top 10 Criminal Cases 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 Financi...
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SEC Chair Gensler Reveals Regulator Is 'Taking a New Look' at Spot Bitcoin ETF Filings U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has revealed that the regulator is taking a new look at spot bitcoin exchange-traded fund (ETF) applications based on recent court rulings. “We had in...
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Bitcoin Transaction Fees Soar to $40, Sparking Debate and Push for L2 Solutions Amid Mempool Backlog On Saturday, Dec. 16, 2023, Bitcoin’s transaction fees spike to a high of $40 per transaction at 1:48 p.m. Eastern Time. The jump in onchain fees surpassed the high reached on May 8, 2023, when the average transfer cos...
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Echoes of 2013: Bitcoin Mining Concentration Reaches Decade-High Levels In the past 72 hours, Antpool has dominated 26.48% of Bitcoin’s overall hashrate, closely followed by Foundry USA at 24.95%. Together, these two mining pools wield 51.43% of the prevailing 502 exahash per second (EH/s)...
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NFT Sales Soar to Over $500M; Bitcoin Leads With Unprecedented Growth Sales of non-fungible tokens (NFTs) have surged by 52.81% over the past week, reaching a total of $503.35 million. Bitcoin has emerged as the frontrunner in this week’s NFT market, generating $276.79 million in sales, ...
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Taiwan Police Target Crypto Influencers Linked to Polymarket Election Betting Source: Pexels Taiwanese law enforcement has initiated an investigation into online influencers and community members involved in promoting a Polymarket contract related to Taiwan’s upcoming election. According to a re...
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Retik Finance (RETIK) raises $1 Million in Presale, sets listing price at $0.15, approx 350% higher than present price In the ever-evolving world of cryptocurrencies, new projects often emerge, seeking to make their mark and disrupt the status quo. Retik Finance (RETIK) is one such project that has recently made waves by raising an impre...
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eTukTuk's Electric Revolution: A Win-Win for Commuters in the Developing World and $TUK Holders Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content. The eTukTuk electric vehicle revolution is a win-win for commuters and $TUK holders. The groundbreaking EV three-wheeler...
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Circle CEO Says Investors Should Have Exposure to Bitcoin in Complex Geopolitical Environment Circle CEO Jeremy Allaire says in a complex geopolitical environment, bitcoin is an asset that investors should have some exposure to. He emphasized that “digital commodities are here to stay,” noting that bitcoin is...
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AI Chatbot Girolamo Debuts on Cardano; Ambitious Goals for Avalanche & RebelSatoshi Attract Investors The blockchain world is abuzz with innovations, and leading the charge is Cardano’s AI chatbot Girolamo, heralding a new era of AI and blockchain synergy. Meanwhile, Avalanche continues to push the boundaries of blockc...
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LUNA Makes a Strong Comeback in Top 50 - AI Altcoin Becomes the Talk of the Town on Reddit Terra (LUNA) has been making waves in the crypto sector because it continues to defy odds by scaling heights despite its previous tribulations. On the other hand, BorroeFinance ($ROE) is crafting a name for itself as an ...
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Bitcoin's Week: $44,000 Test and Salvador's 'Freedom Visa'; InQubeta Draws Investors InQubeta (QUBE) might be the best crypto to invest in now as its presale continues to defy expectations. The new DeFi project has already raised over $6.7 million as it moves into its sixth stage, earning early investors...
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Market Update: Ethereum and Solana Excel; Rebel Satoshi Sees Surging Interest TLDR Ethereum surges 12% as investors flock to the market due to whale activity. Solana gains 19% in a week, but experts believe a downward correction is due soon. Investors focus on Rebel Satoshi to get the promised pre...
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Eliminating Fees, Killing Features, Reducing Payouts and 20 Crypto Jokes This is your weekly digest of top crypto news from Cryptonews.com, followed by a collection of 20 hand-picked crypto jokes. __________ This week in crypto: we looked into bitcoin price predictions as BTC surpassed $42,00...
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Bank Of China Completes First Cross-Border Digital Yuan Commodities Trade The Bank of China Hong Kong, the second largest bank in the region, has completed its first cross-border digital yuan-based trade. The transaction, finalized with its sibling bank, the Bank of China, served to receive th...
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Crypto Analyst: Bitcoin Could Hit $1 Million in Days to Weeks After Spot ETF Approval Bitcoin Logo / Source: Adobe Bitcoin (BTC) has the potential to skyrocket to $1 million within a matter of days to weeks following the approval of a spot Bitcoin exchange-traded fund (ETF). According to Samson Mow, CEO o...
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Australian Bitcoin Miner Iris Energy Set to Acquire 8,380 New-Generation T21 Miners Bitcoin mining company Iris Energy Limited said on Dec. 15 that it expects to take delivery of 8,380 new-generation T21 miners from Bitmain. Delivery of the mining machines is expected to help Iris Energy fulfill its goa...
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XRP Price Prediction as $1.2 Billion Trading Volume Sends XRP Down 4% - Are Whales Selling Before January? Despite a cautiously optimistic technical outlook, Ripple’s XRP has recently faced a downturn, dropping by 4% amidst a whopping $1.2 billion trading volume. As of December 16, the digital currency is trading at $0.620,...
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Government of Russia Eyes Commodity-Like Crypto Exports The government of Russia might allow crypto miners to sell their cryptocurrency like other exports such as gas. Ivan Chebeskov, deputy minister of finance, specified that this option was part of a bill to legalize crypto...
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Bitcoin Price Prediction as Bearish Trend Sends BTC Below $42,000 - Will BTC Keep Falling? 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 tr...
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