Introduction In just a fortnight, the stablecoin asset known as first digital USD (FDUSD) has experienced remarkable growth, with its supply increasing by 690 million coins. This surge has propelled FDUSD to become the fifth-largest fiat-pegged cryptocurrency in the market, with a market capitalization of $1.61 billion. FDUSD's Market Growth and Onchain Movements FDUSD has […]
Shakepay, the Canadian crypto app, has recently revealed a data breach that occurred, impacting a specific group of its customers. The breach, which was discovered on December 13, 2023, resulted in unauthorized access to personal information but did not compromise any bank accounts, crypto wallets, or customer credentials. Addressing Data Breach Concerns and Offering Free
Crypto App Shakepay Discloses Data Breach Affecting a Portion of Customers Read More »
Coinbase Takes Legal Action Against SEC The U.S. Securities and Exchange Commission (SEC) has rejected cryptocurrency exchange Coinbase's petition for regulatory clarity in the crypto industry. SEC Chairman Gary Gensler backs his agency's decision to deny Coinbase's petition. In response, Coinbase has pursued legal action against the securities regulator to challenge this decision. Coinbase Challenges
SEC Rejects Coinbase’s Petition for Regulatory Clarity in Crypto Industry Read More »
Goldman Sachs on Spot Bitcoin ETF Hype Global investment bank Goldman Sachs has advised investors against anticipating a sudden and immediate surge in the price of bitcoin upon the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). Nonetheless, Goldman Sachs highlighted that the "ability to actually transact a
Bitcoin's Price Dynamics As of December 15, 2023, the price of bitcoin (BTC) showcases an interesting mix of bullish trends and nuanced fluctuations. Following the U.S. Federal Reserve meeting on Wednesday, BTC's price experienced an improvement, but it has since entered a tight consolidated pattern. Bitcoin's Current Status Currently, bitcoin is priced at $42,696, with
Bitcoin Technical Analysis: BTC’s Consolidation Phase Signals Cautious Market Approach Read More »
Ethereum's Market Capitalization and Trade Volume Ethereum (ETH) currently holds a market capitalization of $271 billion, making it a significant player in the crypto economy. With a 24-hour trade volume of approximately $17.54 billion, Ethereum's presence is undeniable. However, recent fluctuations in trade volumes and price range, which has been between $2,254 and $2,331 in
Bitget's Optimistic Forecast for Bitcoin and ORDI In a recently published prediction report, Bitget, a leading derivatives crypto exchange, has projected a bright future for the Bitcoin ecosystem. According to Bitget researchers, BTC has the potential to skyrocket to $100,000 in the next bull market, while the ORDI BRC20 token is expected to climb up
Georgetown Professor's Letter to SEC A finance professor at Georgetown University, James Angel, has written a letter to the U.S. Securities and Exchange Commission (SEC) regarding spot bitcoin exchange-traded funds (ETFs). Professor Angel specializes in the market structure and regulation of global financial markets and has urged the SEC to avoid micromanaging the creation/redemption process
Georgetown Professor Urges SEC to Let Spot Bitcoin ETFs Use In-Kind Creation Method Read More »
Introduction Lolli, a leading player in the bitcoin and cashback rewards sector, has announced the successful completion of an $8 million Series B funding round. The funding will allow Lolli to further improve and expand its cryptocurrency rewards market. New Funding Round and Investors The Series B funding round was led by Bitkraft Ventures and
Lolli Raises $8 Million in Series B Funding for Crypto Rewards Market Expansion Read More »
On Thursday, the Seychelles-based crypto exchange Bitget announced its decision to implement comprehensive Know Your Customer (KYC) policies across its platform. These new KYC requirements will come into effect on December 15, 2023. Bitget Introduces Mandatory KYC Procedures Bitget is updating its compliance with relevant financial regulations by introducing new KYC guidelines. The initial announcement
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