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Cryptocurrency News

Location American Cryptocurrency News for 28 December 2023
L2 Protocol Blast Soars Past $1 Billion in Locked Crypto Value Statistics reveal that the Ethereum layer two (L2) platform Blast now secures over $1 billion within its protocol. The total value locked (TVL) in Blast has expanded more than twelvefold since its launch in late November...
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Grayscale Adopts Cash Model for Spot Bitcoin ETF but Warns of 'Adverse Consequences' Grayscale Investments has adopted the cash creation model, instead of the in-kind model, for its proposed spot bitcoin exchange-traded fund (ETF). However, the crypto asset manager warned of adverse consequences. "A spot...
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PancakeSwap Developers Launch Proposal to Reduce CAKE Token Supply by 300 Million Tokens Adobe Stock / JorgeEduardo Decentralized exchange (DEX) PancakeSwap has introduced a proposal to significantly decrease the maximum supply of its native ecosystem token, CAKE. The developers seek to reduce the token supp...
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Best Crypto to Buy Now December 28 - Bitcoin SV, Aave, Arbitrum BSV, AAVE, and ARB might be the best cryptos to buy now, alongside ongoing crypto presales Sponge V2 and Meme Kombat. Image by cryptonews.com. Select cryptocurrencies are exhibiting bullish behavior to close out the year...
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Bitcoin Price Prediction as BTC Spikes Up 1.6% - Larger Rally Incoming? In a striking development in the cryptocurrency arena, Bitcoin, the foremost digital asset, has seen a notable surge, spiking to $43,800. This recent uptick in Bitcoin’s value, amounting to a 1.6% increase, has sparked...
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Privacy Advocate Exposes Ledger Live's Tracking of User Data and Network Activity Source: Pixabay A privacy advocate has alleged that the Ledger Live wallet software monitors its users and gathers information about them. In an X post published on Wednesday, privacy advocate and app developer REKTBuild...
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Perpetuals Trading Protocol Levana Suffers Oracle Attack, Loses $1.14 Million Source: Pixabay Perpetuals trading protocol Levana has fallen victim to an oracle attack, resulting in a loss of $1.14 million. According to a report from the Levana team, the exploitation happened between December 13th ...
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US Bankruptcy Court Approves $225M 'MiningCo Transaction' for Celsius, Prevents Securities Ruling in Chapter 11 Proceedings Source: Adobe/Canva Bankrupt cryptocurrency lending company Celsius Network has achieved a significant milestone in its Chapter 11 bankruptcy proceedings. The United States Bankruptcy Court for the Southern District of N...
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Study Observes Consolidation of Bitcoin Mining Rewards With Antpool In a significant shift within the bitcoin mining landscape, Antpool’s resurgence in 2023 has marked a notable trend in the consolidation of bitcoin rewards, surpassing Foundry USA in blocks mined. The Miner Mag’s rec...
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Hong Kong-Based Value Partners Plans to Tokenize 3 Tons of Gold and Roll Out Cryptocurrency ETFs Source: iStock/Onfokus Value Partners, a Hong Kong-based company says it has plans to tokenize gold assets and also make an entry to the much anticipated Exchange Traded Fund (ETF) market. According to a report from loca...
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Hashdex Launches New Ad Campaign Amid SEC Deliberation on Bitcoin ETF Approvals Source: Adobe Stock Hashdex, an asset management firm, has released a new advertisement as the U.S. Securities and Exchange Commission (SEC) is in the process of reviewing applications for the listing of spot Bitcoin exc...
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'OTC King' Zhao Guilty of Unauthorized Crypto Operations, Says Chinese Legal Authority Source: Pexels China’s Supreme Procuratorate has reportedly disclosed the details behind the seven-year prison sentence given to the founder of the over-the-counter (OTC) crypto trading desk RenrenBit, Zhao Dong. In a ...
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Bitcoin ETF Countdown: SEC's Decisive December Deadline - Here's the Latest Source: Adobe / Jhonsmetal The crypto community is on edge as the US Securities and Exchange Commission (SEC) approaches a crucial deadline for potential approval of a spot Bitcoin Exchange-Traded Fund (ETF). The decisio...
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Top Crypto Gainers Today on DEXTools - ANALOS, JUNO, VAB Blue chip cryptocurrencies are mixed on Thursday, with Bitcoin (BTC) down 1.5% and back below $42,500, while Ether (ETH) is flat in the upper $2,300s, BNB is up 6.6% in the past 24 hours and Solana (SOL) and Avalanche (A...
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Binance User Base Grew 30% This Year, Expanding Even After U.S. Legal Settlements The largest cryptocurrency trading venue added 40 million accounts to 170 million.
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India's Finance Ministry Seeks to Block Binance and Other Major Offshore Exchanges Source: Pexels The Indian finance ministry has issued compliance show-cause notices to nine offshore cryptocurrency exchanges, including major players like Binance, Kucoin, Huobi, and others, accusing them of operating i...
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Crypto for Advisors: Bitcoin Myth Busting

Coin Desk - 28 Dec 2023 18:45
Crypto for Advisors: Bitcoin Myth Busting Kunal Bhasin, co-leader of KPMG Canada's crypto asset and blockchain practice, debunks many of the bitcoin myths in the final Crypto for Advisors issue of the year.
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India to Block URLs of 9 Offshore Exchanges Including Binance After Issuing Compliance 'Show Cause' Notices Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global and Bitfinex are the nine exchanges.
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FTX Estate Faces Objections Over Lowered Crypto Claims Valuation Amid Bankruptcy Proceedings On Dec. 27, 2023, FTX debtors released a projected valuation of claims involving digital assets, with the proposal suggesting conversion of claims into dollar amounts pegged to crypto asset values as of Nov. 11, 2022. Co...
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Argentina's New Government Introduces New Bill to Regulate Crypto Holdings for Tax Payers Source: Quatrox Production/AdobeStock Argentina’s newly elected government, led by libertarian Javier Milei, has unveiled its plans to simplify the process of legalizing cryptocurrency holdings, even for individuals wh...
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Bitcoin ETF Approval Tipped to Be 'Sell The News' Event: CryptoQuant Bitcoin [BTC] is expected to experience a period of downside following a potential ETF approval over the coming weeks as trader's unrealized profits linger at a level that historically precedes a correction, according to...
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Is It Too Late to Buy Bitcoin SV? BSV Price Rallies 80% as MK Token Approaches $5 Million The Bitcoin SV price has rallied powerfully for the past two days but faces technical resistance, while the Meme Kombat presale nears $5 million raised. Image by Fareed Mindalano, DALL-E 3. Bitcoin SV (BSV) has been one ...
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