News - Page 26

Some research firms have identified LINK as the top choice for investors looking to profit from the rising popularity of real-world asset (RWA) tokenization. This endorsement has contributed to the recent increase in the value of these tokens.

Our recent acquisition of new licenses has allowed us to expand our market reach significantly. Previously, we were limited to serving licensed financial institutions, but now we are able to cater to a wider range of clients, including enterprises and SMEs. This means that we can now provide our services to importer/exporters who need to pay suppliers overseas, as well as companies with freelance developers located in different parts of the world.

Crypto analysts are predicting a surge in the price of Ethereum (ETH) in the coming months. According to a chart shared by pseudonymous trader Bluntz, ETH is expected to experience a brief correction before jumping to nearly $2,400. Bluntz advises investors to take advantage of any dips in price below $1,720 to accumulate more ETH. Fellow trader Credible Crypto shares a similar outlook, stating that ETH is unlikely to drop below $1,500 again. However, both analysts believe that a pullback may occur before the price continues to rise. They anticipate ETH reaching $1,700 before heading towards the $2,000 region. It is worth noting that if Bitcoin's price continues to rise, the pullback on ETH may be less likely. Investors are advised to do their own research and exercise caution when investing in cryptocurrencies.

Tether (USDT), the largest US dollar-pegged stablecoin by market cap, has reached a new all-time high market cap of over $85.9 billion. This milestone solidifies Tether's position as the leading stablecoin in the market, surpassing competitors such as Circle's USDC and MakerDAO's Dai (DAI).

Crypto lobbyists and their allies in Congress, primarily Republican lawmakers, are pushing for the Commodity Futures Trading Commission (CFTC) to be granted more authority over the crypto spot markets. This would give the CFTC direct regulatory power over the markets where actual crypto assets are exchanged.

The Consumer Financial Protection Bureau (CFPB) has proposed a new rule that would expand its oversight to include parties involved in general-use digital consumer payment applications. This rule would apply to fund transfer or wallet providers if the funds are used by individuals for certain non-commercial purposes. Additionally, the CFPB's definition of 'funds' would encompass some digital asset transactions.

The recently concluded high-profile criminal lawsuit against Bankman-Fried has resulted in his condemnation. He has been found guilty on all counts and now faces the prospect of jail time.

It's a cliche that the crypto winter is a time for building, but it's a truism for a reason. This period presents an opportunity for crypto trading platforms to rebuild and attract users in the post-FTX era. By embracing this opportunity, they can learn important lessons and set new precedents.

In post-market action, company shares were lower by 5.8% as the Q3 revenue came in shy of analyst estimates and guidance disappointed as well. This decline comes despite the fact that for the year, the company's shares have risen by about 18%, outperforming the S&P 500's 14% advance.

In November, there was a significant increase in the accumulation of bitcoin. This aggressive accumulation strategy involved a plan to distribute, reduce exposure, and reallocate to altcoins in the future. The goal was to take advantage of the potential growth in the cryptocurrency market. This approach was implemented with the understanding that once the information becomes widely known, the opportunity may diminish. Therefore, it was important to act swiftly and strategically. Overall, November was a successful month for bitcoin accumulation, and it highlighted the importance of staying proactive in the ever-changing world of cryptocurrencies.

The number of large Chainlink (LINK) wallets has reached a new all-time high, according to the latest data from a leading crypto analytics firm. This surge in wallets holding at least 1,000 LINK comes as the price of the project's native asset rallies to a fresh 19-month high.

The co-founders of a top crypto data analytics firm, Glassnode, have identified a reliable Bitcoin (BTC) indicator that suggests bullish moves for BTC. They share this information with their followers on the social media platform X, under the handle Negentropic.

Broker Complaint Alert (BCA) is celebrating three remarkable years of successfully helping victims of crypto scams recover their lost crypto. Since its inception in December 2020, BCA has assisted over 12,000 scam victims in recovering their funds from scammers.

FTX, a bankrupt crypto exchange, has filed a request with a judge to sell off $744 million worth of assets. The company, along with its debtors, aims to sell its Grayscale and Bitwise assets through an investment adviser.

An Estonian banker has recently confirmed that he is the owner of an Ethereum address containing over 250,000 ETH, which is worth nearly half a billion dollars. However, he has also revealed that he has lost the keys to access this wallet.

A widely followed crypto trader is predicting that Bitcoin (BTC) will suddenly soar in price and reach a new all-time high while many are caught on the sidelines.