SEC postpones listing decision for Bitwise crypto index ETF
The ETF aims to give investors exposure to a diverse basket of cryptocurrencies such as SOL, XRP and ADA, among others.
Tether files lawsuit against Swan Bitcoin over joint venture dispute
Tether confirmed to Cointelegraph that it had sued Swan Bitcoin over alleged contract breaches in a joint Bitcoin mining venture.
XRP spikes 12% as whales continue 'enormous accumulation' — Santiment
XRP’s price surged amid broader uncertainty in the crypto market, driven by aggressive whale accumulation and speculation about a possible ETF listing in the US, according to crypto analysts.
Ethereum price rebound will take time, even if ETH data looks bullish
Moderate optimism in Ethereum derivatives data fails to boost short-term investor confidence.
Bitcoin poised to dip further as inflation looms: Steno Research
Bitcoin futures markets have been a hot topic in the world of cryptocurrency, with many investors eagerly watching the market for potential gains. However, according to Steno, a financial analyst, these markets may still be overheated and could potentially lead to further drawdowns.
The recent surge in Bitcoin’s price has been largely attributed to the introduction of futures trading, which allows investors to bet on the future price of the cryptocurrency. This has led to a significant increase in trading activity and has caused the market to become overheated.
Steno warns that this overheating could have negative consequences, especially if the Consumer Price Index (CPI) comes in higher than expected. The CPI is a measure of inflation and a higher-than-expected reading could trigger a sell-off in the Bitcoin futures market.
This is because a higher CPI could lead to fears of rising interest rates, which could make Bitcoin futures less attractive to investors. As a result, we could see a further drawdown in the market as investors look to exit their positions.
Steno also points out that the current market conditions are reminiscent of the 2017 Bitcoin bubble, where the price of the cryptocurrency reached an all-time high before crashing down. This serves as a cautionary tale for investors, as history could potentially repeat itself if the market continues to be overheated.
In conclusion, while Bitcoin futures markets have been a source of excitement for many investors, it is important to be cautious and aware of the potential risks. A hotter-than-expected CPI could trigger further drawdowns in the market, and investors should keep a close eye on market conditions to make informed decisions.
Bitcoin price cements $96K as 'crucial' US PPI data boosts stocks
Bitcoin, the world’s largest cryptocurrency, has been on a rollercoaster ride in recent months. After reaching an all-time high of over $64,000 in April, it experienced a sharp decline, dropping below $30,000 in June. However, the digital currency is now showing signs of recovery, with its price hovering around $40,000.
One of the factors contributing to this recent uptick in Bitcoin’s price is the release of inflation data. The latest report shows that inflation has risen by 5.4% in the United States, which is slightly lower than what traders had feared. This news has provided some relief to the market, as fears of high inflation can often lead to a sell-off in riskier assets like Bitcoin.
But what exactly is inflation, and why does it affect the price of Bitcoin? Inflation is the general increase in the prices of goods and services over time. When inflation is high, the purchasing power of a currency decreases, meaning that it can buy fewer goods and services. This can lead to a decrease in demand for that currency, causing its value to drop.
Bitcoin, on the other hand, is a decentralized digital currency that operates independently of any government or central authority. Its supply is limited to 21 million coins, making it a deflationary asset. This means that as demand for Bitcoin increases, its value also increases, making it an attractive investment for those looking to hedge against inflation.
In addition to its potential as a hedge against inflation, Bitcoin also offers other benefits, such as its decentralized nature and its ability to facilitate fast and secure transactions. As more people become aware of these advantages, the demand for Bitcoin is likely to continue to rise, potentially driving its price even higher.
While the recent inflation data may have provided some temporary relief for Bitcoin, the cryptocurrency market is still highly volatile, and its price can fluctuate significantly in a short period. As with any investment, it is essential to do your research and understand the risks before diving into the world of cryptocurrency. But for those willing to take the risk, Bitcoin could prove to be a valuable addition to their investment portfolio.
MoonPay acquires Helio in $175M deal to expand crypto payment services
MoonPay, a leading cryptocurrency payment platform, has recently announced its acquisition of Helio, a payment processor built on the Solana blockchain. The deal, valued at $175 million, is set to revolutionize the way users transact with digital assets.
Helio, founded in 2020, has quickly gained recognition for its fast and secure payment processing services on the Solana network. With this acquisition, MoonPay aims to expand its reach and offer a seamless payment experience to its users. The integration of Helio’s technology will enable MoonPay to process transactions at lightning speed, making it one of the fastest and most efficient payment processors in the market.
The Solana blockchain, known for its high scalability and low transaction fees, has been gaining traction in the crypto space. By leveraging its capabilities, MoonPay will be able to provide its users with a cost-effective and efficient payment solution. This will not only benefit individual users but also businesses looking to accept cryptocurrency payments.
MoonPay’s CEO, Ivan Soto-Wright, expressed his excitement about the acquisition, stating, “We are thrilled to welcome Helio to the MoonPay family. This partnership will allow us to enhance our payment services and provide our users with a seamless and secure experience.”
The acquisition also aligns with MoonPay’s mission to make cryptocurrency accessible to everyone. With Helio’s technology, MoonPay will be able to offer its services to a wider audience, including those in emerging markets with limited access to traditional banking services.
This strategic move by MoonPay is a testament to the growing demand for crypto payments and the company’s commitment to staying ahead of the curve. As the crypto industry continues to evolve, MoonPay’s acquisition of Helio positions it as a key player in the space, offering innovative and user-friendly solutions for the masses.
Trump’s inauguration nears, but crypto promises could ‘take some time’ — NYDIG
As the world eagerly awaits the inauguration of President-elect Donald Trump, the crypto community is also keeping a close eye on potential legislation that could impact the industry. However, according to the New York Digital Investment Group (NYDIG), it may take some time for key crypto legislation to come into effect.
With just a week left until Trump’s inauguration, there has been much speculation about how his administration will approach the growing cryptocurrency market. Some experts believe that Trump’s pro-business stance and his appointment of pro-crypto individuals to key positions could bode well for the industry. However, others are concerned about the potential for increased regulation and government intervention.
While the exact stance of the Trump administration on crypto remains to be seen, NYDIG has cautioned against expecting any immediate changes. In a recent statement, the investment group stated that it may take longer than expected for any significant crypto legislation to be implemented.
This caution is likely due to the complex nature of the crypto industry and the need for thorough research and understanding before implementing any regulations. Additionally, with the ongoing pandemic and other pressing issues, it is possible that crypto legislation may not be a top priority for the new administration in the immediate future.
Despite the uncertainty surrounding potential legislation, the crypto market has continued to thrive, with Bitcoin reaching new all-time highs and other cryptocurrencies gaining traction. This further highlights the need for clear and fair regulations that will support the growth and stability of the industry.
In conclusion, while Trump’s inauguration may mark a new era for the United States, it may take some time for any significant changes to be seen in the crypto world. As the industry continues to evolve and gain mainstream acceptance, it is crucial for lawmakers to carefully consider and implement regulations that will benefit both the industry and its users.
XRP price eyes 60% gain ahead of Gary Gensler's SEC exit
XRP broke out of a bullish continuation pattern following Ripple’s court win to seal documents in the SEC case.
Litecoin X account briefly hacked to promote a fake token
The recent hacking of a social media account has once again brought attention to the growing issue of cyber attacks on X. This incident is just one in a series of hacking incidents that have occurred over the past few months, highlighting the vulnerability of online platforms and the need for increased security measures.
The compromised social media account is just the tip of the iceberg when it comes to cyber attacks on X. In fact, this popular platform has been a prime target for hackers due to its large user base and valuable data. From personal information to financial details, X holds a wealth of sensitive data that can be exploited by cyber criminals.
Unfortunately, this is not the first time X has fallen victim to a cyber attack. In recent months, there have been multiple incidents of hacking on the platform, causing concern among users and raising questions about the security measures in place. These attacks have not only affected individual users, but also major companies and organizations that use X for their marketing and communication efforts.
The consequences of these hacking incidents can be far-reaching, not only for the platform itself but also for its users. Personal information can be stolen and used for identity theft, financial accounts can be compromised, and reputations can be damaged. This highlights the urgent need for stronger security measures and increased awareness among users to protect themselves from cyber attacks.
In response to these incidents, X has stated that they are continuously working to improve their security protocols and prevent future attacks. However, it is also important for users to take necessary precautions, such as using strong passwords and enabling two-factor authentication, to safeguard their accounts.
As the digital world continues to evolve, the threat of cyber attacks will only increase. It is crucial for platforms like X to prioritize the security of their users and for individuals to stay vigilant and informed about potential risks. Only by working together can we combat the growing threat of cyber attacks and protect our online presence.