News - Page 23

In November 2021, Bitcoin reached an all-time high, causing a wave of excitement and speculation. However, as time passed, the cryptocurrency market experienced significant fluctuations, leaving many wondering if another rally is on the horizon.

The prices of Bitcoin (BTC) and Ethereum (ETH) have been experiencing a significant surge recently, coinciding with the increasing interest in cryptocurrency from Wall Street. BTC surpassed the $36,000 and $37,000 marks for the first time since May 2022, almost reaching $38,000 before retracing some of its gains. Similarly, ETH climbed above $2,000, reaching its highest level since the April Ethereum upgrade, also known as Shanghai.

A popular crypto analyst is optimistic about the future of Vulcan Forged (PYR) and Chainlink (LINK), two altcoins that have shown significant growth recently.

In recent years, brands have faced consumer backlash for attempting to extract more value from their customers in exchange for access to perks. This has led to a shift in mindset, with the focus now on rewarding the best customers and making them feel special. But how can brands go beyond traditional methods of reward and create systems that incentivize a variety of actions?

On December 2-3, 2023, Veloce Racing will compete in the Antofagasta Minerals Copper X Prix in Chile, showcasing a special one-off VEXT chrome livery. This design was chosen by the VEXT community, who were given the opportunity to vote between three unique designs. The winning chrome design will be applied to Veloce Racing's ODYSSEY 21 car, accompanied by a VEXT-inspired purple team kit.

Ripple, a payments company, has announced a new partnership with Onafriq, a fintech firm operating in 40 African markets. The collaboration aims to facilitate cross-border payments between Africa and several other regions.

Grayscale's Chainlink Trust (GLINK) has gained significant attention from institutional investors, as it is currently trading at a 223% premium. This indicates a strong interest in the digital asset investment product.

Stablecoins have emerged as a popular solution in the world of cryptocurrencies. These digital currencies are designed to maintain a stable value by pegging them to an underlying asset, such as the U.S. dollar. Unlike traditional cryptocurrencies like bitcoin and ether, stablecoins offer users the flexibility of cryptocurrency without the price volatility.

Helene is a news reporter based in New York who is currently covering the criminal trial of Sam Bankman-Fried, a well-known figure in the cryptocurrency industry. She is a recent graduate of New York University's business and economic reporting program and has made appearances on CBS News and Nasdaq TradeTalks. In addition to her reporting work, Helene also holds BTC and ETH.

Camomile Shumba is a regulatory reporter based in the UK. She has previously worked as an intern for Business Insider and Bloomberg News. Camomile does not currently hold any digital currencies or projects.

Bitcoin prices surged to nearly $37,000 during Asian trading hours, fueled by a phenomenon known as a 'short squeeze'. This occurs when the price of an asset unexpectedly rises, causing short sellers to scramble to cover their positions. In just four hours, approximately $50 million worth of bitcoin shorts were liquidated, further driving up the price. Exchanges with a strong presence in Asia, including BitMEX, OKX, and Binance, saw a significant number of positions being closed. The bullish momentum of Bitcoin was also influenced by reports that the U.S. Securities and Exchange Commission (SEC) is in discussions with Grayscale, a prominent fund manager. The SEC and Grayscale have been involved in a legal dispute regarding the conversion of the Grayscale Bitcoin Trust into a spot ETF. This news added to the positive sentiment surrounding Bitcoin and contributed to its upward movement.

In a recent interview, Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), addressed concerns about the potential acquisition of FTX by Tom Farley, the former president of the New York Stock Exchange. Gensler emphasized the importance of operating within the boundaries of the law in the cryptocurrency industry.

In the digital age, the concept of a safe haven has taken on new meanings. People are increasingly looking for ways to protect their assets from seizure and ensure their financial security. This has led to the rise of digital bearer assets as a safer alternative to traditional forms of currency.

Consensus 2024 is CoinDesk's highly anticipated annual event that serves as a gathering for all aspects of the crypto, blockchain, and Web3 communities. This event has a long-standing reputation for being the most influential in the industry. It brings together experts, enthusiasts, and innovators from around the world to discuss and explore the latest trends, developments, and opportunities in the crypto space.

The Solana blockchain has experienced a resurgence, with new money flowing into the network. This is particularly evident among risk-on traders who are seeking investment opportunities. The value locked on Solana ecosystem projects has significantly increased from $300 million at the start of October to $465 million on Thursday. This surge in value indicates a boost in fund allocations towards decentralized applications built on the Solana network.

Last Thursday, as the press pool gathered at the Daniel Patrick Moynihan United States Courthouse in lower Manhattan, there was a palpable sense of finality in the air. For the past month, reporters had been arriving at the courthouse before dawn, eager to secure a seat in the main courtroom or the overflow room. But on this day, all of that was over. The last of the witnesses had testified, and numerous exhibits had been presented. The judge and attorneys even found time to crack jokes about the sheer volume of evidence. As the press enjoyed their refreshments, it was clear that the trial had reached its conclusion.