The First-Ever Bitcoin Depositary Receipt Launches A group of former Citigroup executives has introduced a new product called bitcoin depository receipts. They have created a startup called Receipts Depositary Corporation (RDC) and have announced the launch of "the first-ever bitcoin depositary receipt (BTC DR)". This innovative product does not need to be registered with the U.S. … [Read more...]
Okx to Cut Ties With Privacy Coins Amid Regulatory Heat, Triggering Market Dip
Okx Removes Trading Pairs for Privacy Tokens In response to the recent removal of privacy coins by Binance, Okx, a cryptocurrency exchange, has announced that it will also be removing various spot trading pairs associated with privacy tokens such as monero, zcash, and dash. The decision to delist these tokens is based on user feedback and Okx's established guidelines for delisting. Privacy … [Read more...]
Investing Money Into a Gold & Silver IRA? (Pros & Cons)
Self-Directed Gold IRAs are an excellent way to make investments in gold without having to deal problems associated with purchasing physical bullion. This type of account allows investors to purchase gold from the government directly and then store it in their name. Although many prefer to have physically gold in their possession, all can access it. Also, physical gold is expensive and can be … [Read more...]
Bitcoin Price Predictions for 2024: A Surge on the Horizon?
Bitcoin's Soaring Value and the Anticipation of 2024 As we approach the end of 2023, Bitcoin has witnessed a staggering 165% surge in its value since January. With this remarkable performance, numerous experts, speculators, and market participants are now turning their attention to 2024, predicting even greater heights for the leading cryptocurrency. One such prediction comes from Markus … [Read more...]
The Rise of Solana (SOL) to $100: A Promising Future for the Smart Contract Platform
Solana's Market Triumph On Saturday, the smart contract platform Solana witnessed a significant milestone as its token, solana (SOL), surpassed the $100 mark. This achievement represents a weekly growth rate of over 36% against the U.S. dollar. Throughout the year, investor sentiment towards solana (SOL) has remained overwhelmingly positive, especially after the conviction of ex-FTX chief Sam … [Read more...]
Ethereum Technical Analysis: ETH Faces Bearish Pressure and Resistance
Ethereum is currently exhibiting a complex interplay of bearish and bullish signals across various technical indicators as of December 18, 2023. The second-leading cryptocurrency, priced between $2,125 and $2,165, is at a critical juncture in its market trajectory, as indicated by the 4-hour and daily charts, oscillators, and moving averages. Ethereum's Bearish Trend in the 4-Hour Chart The … [Read more...]
Security Breach at NFT Trader Results in Theft of High-Value Bored and Mutant Ape NFTs
NFT Trader Compromised, $2.85 Million Worth of NFTs Stolen Reports have confirmed that NFT Trader, a popular NFT trading platform, has fallen victim to a security breach. It is estimated that the breach has resulted in the theft of approximately $2.85 million worth of high-value NFTs. The platform issued a public statement on X, alerting users to the attack and urging them to remove the … [Read more...]
SEC Rejects Coinbase’s Petition for Regulatory Clarity in Crypto Industry
The U.S. Securities and Exchange Commission (SEC) has denied cryptocurrency exchange Coinbase's petition for regulatory clarity in the crypto industry. This decision has prompted Coinbase to take legal action against the securities regulator in an effort to challenge the ruling. Coinbase Challenging SEC's Decision in Court Coinbase Global filed a Petition for Rulemaking with the SEC in … [Read more...]
The Importance of Bitcoin and Stablecoins in Today’s Investment Landscape
Bitcoin: A Valuable Asset in a Complex Geopolitical Environment In the midst of a complex geopolitical and macroeconomic landscape, Circle CEO Jeremy Allaire emphasizes the importance of having exposure to bitcoin as an asset. Allaire asserts that bitcoin, being the largest digital commodity asset, is here to stay. He points out that many investors view bitcoin as a risk hedge asset, capable of … [Read more...]
Google Updates Policy for Crypto Coin Trusts Advertisements
Google Requires Certification for Advertisers Google has announced that starting on January 29, 2024, advertisers targeting the U.S. market with cryptocurrency coin trusts will need to meet specific requirements. Advertisers must apply for and obtain a certification from Google before they can promote their offerings to the public. Cryptocurrency coin trusts are financial products that allow … [Read more...]
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