News - Page 28

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.

The institutional embrace of crypto is not a threat to the original vision of digital assets, but rather a catalyst for its further development and innovation.

In the world of cryptocurrency, recent developments in regulation have taken center stage. One of the key topics of discussion is the IRS proposal to classify certain types of crypto entities as brokers for tax reporting purposes. Today, we will delve into the details of this proposal and the upcoming public hearing.

Hong Kong is reportedly considering the possibility of allowing spot cryptocurrency exchange-traded funds (ETF). The city-state's Securities and Futures Commission CEO, Julia Leung, has outlined the conditions that would need to be met for spot crypto ETFs to be authorized.

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.

Light clients play a crucial role in data availability solutions such as Avail and Celestia. These solutions aim to alleviate the strain on primary blockchain networks like Ethereum by handling queries for historical transaction data. As Ethereum's network of affiliated 'layer-2' networks continues to grow, the demand for data storage and access is expected to increase significantly.

In the financial world, when an asset changes hands, the transaction goes through various entities and validity checks before it is cleared and settled. This process ensures that the asset officially lands in the hands of the recipient. However, at each layer of this process, there is a risk of transaction failure.

The global financial landscape is currently dominated by the United States, which has no incentive to design a new system and is content with the current one. However, China has been actively working to expand its economic reach beyond its borders, aiming to increase its global influence through smoother and broader trade. Additionally, there is a growing demand for an alternative financial system from countries struggling to obtain enough dollars to pay for imports. Moreover, countries with geopolitical grievances against the U.S. have strong reasons to believe that the current system could become even more weaponized.