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Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto .news’ editorial. Conspiracy theorists aren’t surprised. They knew all along that central banks and governments would never allow a competitor to fiat money to exist. Even some regulators knew. For instance, Brian Brooks, former head of the Office of the Comptroller of the Currency, an independent bureau of the U.S. Department of the Treasury, has intonated as much.  You might also like: Centralization will kill web3 before it reaches its full potential | Opinion Regulators put a thaw over the entire US-based crypto industry. The Securities and Exchange Commission (SEC) enforced actions against regulated US crypto entities, including Kraken and Coinbase, while the Commodity Futures Trading Commission (CFTC) sued Binance.  When the SEC came for Kraken a second time, founder and former CEO Jesse Powell took to Twitter to lament the implic...

As Coinbase undergoes changes in preparation for Spot Bitcoin ETFs, the exchange says it has “extensively prepared” for Bitcoin ETF approval. “We have extensively prepared for ETF approval,” a Coinbase spokesperson said in a statement. “Our systems have been designed and tested to handle added trading volume, increased liquidity, and general increases in demand on our systems.” JUST IN: Coinbase says they have extensively prepared for Spot #Bitcoin ETF approval. — Watcher.Guru (@WatcherGuru) December 29, 2023 Also Read: BlackRock Authorizes JPMorgan as a Participant For Bitcoin ETF Coinbase Global Inc.’s head of custody Aaron Schnarch left the company in recent weeks, the spokesperson added. He was replaced in August by Rick Schonberg, who has been with Coinbase since 2021 and previously worked with Goldman Sachs. Coinbase Custody is regulated by the New York Department of Financial Services and audited by Deloitte ...

The owner of Chainlink (LINK) tokens lost assets worth $4.4 million due to a hacker attack by a group known as Pink Drainer. According to available information from Scam Sniffer, attackers tricked the user into signing a transaction related to the IncreaseAllowance function. Immediately after this, the victim lost 275,700 LINK through two transfers. another victim lost $4.4 million worth of LINK to phishing scams about 2 hours ago.https://t.co/B4Z3yWrH7e https://t.co/6n6m0lZQK4 pic.twitter.com/6zSWTp8G6d — Scam Sniffer | Web3 Anti-Scam (@realScamSniffer) December 29, 2023 The IncreaseAllowance function allows you to determine the number of tokens the user allows another wallet to transfer from his address. Subsequently, 68,925 tokens were transferred to a crypto wallet, which Etherscan labels as “PinkDrainer: Wallet 2.” The remaining 206,775 LINK were sent to another address. Representatives of the Scam Sniffer platform confirmed that the theft of assets is related to the...

After months of range-bound trading, Polygon (MATIC) has staged a decisive breakout this week, surging over 30% in the last 7 days. The layer-2 scaling solution for Ethereum has seen building momentum, with analysts predicting MATIC could rally toward fresh all-time highs. Polygon was trading hands around $1.03 at press time, up from local lows below $0.80 last week. The altcoin has rallied after finally breaking out of a long-term triangle consolidation pattern it has been stuck in since September. Also read: VeChain New Year Price Prediction: How High Can VET Go? Crypto analyst Captain Faibik noted MATIC is “finally breaking out of the triangle after long consolidation,” calling on “bulls” to “send it to $5.” Meanwhile, popular analyst Lambo Charts pointed to striking similarities with the coin’s previous massive rally in 2021, which saw gains of over 9,400% at its peak. $MATIC is finally Breaking out of Triangle after Long Conso...

Trias Token (TRIAS) recently clinched a two-year-high, rallying by nearly 27% over the last 24 hours amid an observable uptick in investor interest and demand. Since hitting a high of $8.5 on Dec. 22, Trias has traced a bearish trajectory, recording intermittent drops amid the bearish atmosphere surrounding the broader crypto market. Trias collapsed 19.8% from $8.5 on Dec. 22 to $6.81 on Dec. 26. TRIAS price and RSI – Dec. 28 | Source: Santiment The drop from Trias was not an isolated event, triggered by a similar price decline from other major players such as Bitcoin (BTC). BTC slumped to a weekly low of $41,637 on Dec. 26 after an intraday drop of 2.45%, the highest in over two weeks. As BTC dropped other crypto assets followed. Trias was not spared any onslaught. However, the token witnessed an immediate price recovery soaring above the pivotal resistance at $7.215 and flipping it into support on the same day. You might also like: Trump-related crypto wallet c...

Worldcoin recently broadened its World ID verification services to Singapore through the Orb hardware device. In a recent tweet, Worldcoin announced a significant expansion of its World ID verification services. Singapore now joins the list of countries where individuals can authenticate identities through the project’s custom hardware device, Orb. This development follows the successful launch of World ID 2.0 and the open-sourcing of the Worldcoin iris recognition pipeline in mid-December. 【ご案内】 この度、Crypto Lounge GOXでは、 @worldcoin の認証スポットとして登録されました。 今後、毎日14～20時の完全予約制でorbによる認証ができます。 (12/29～1/3は店休日) ご予約は、WORLD Appからできます。当店へのお問い合わせでは、ご予約できません。 ️具体的な予約手順 pic.twitter.com/IbcMPJ0RlT — Crypto Lounge GOX | 「GOX PRO」サービス開始！ (@groove_on_x) December 19, 2023 Singapore’s inclusion in the World ID verification network is part of a broader global trend, with Worldcoin steadily expanding its market presence across Asia, Europe, and South America. Tools for Humanity (TFH), a...

Author: @tmel0211 Source: https://twitter.com/tmel0211/status/1739477985756115178 Recently, Layer 2 has finally come to life, with tokens like $OP, $ARB, $METIS shining brightly, reminiscent of the Show Time on the eve of the Cancun upgrade. Why did the competition among Layer 2 projects truly begin after the Cancun upgrade, and how will the market dynamics evolve for Layer 2 post-Cancun? Let me share my thoughts: 1. The implementation of EIP4844 Proto-Danksharding proposal in the Ethereum Cancun upgrade will provide a “quality” boost to Layer 2 Rollup projects. By introducing the Blob space new data structure, it iterates on the limitations of relying on calldata for data storage, while also enhancing Ethereum mainnet’s data availability capabilities. Compared to calldata’s full-node storage structure, Blob is designed as temporary storage for partial nodes. This significantly increases the data limit that Layer 2 can submit to the mainnet in a single transaction, expanding its TPS. S...

Solana has experienced notable growth in the DeFi, NFT, and Web3 markets since its inception in April 2019. Numerous projects are currently being developed on the Solana network, with more expected to emerge soon. According to information provided on Solana’s official website, the company’s main value proposition is offering low-cost transactions indefinitely. As a blockchain network, it competes directly with other platforms, such as Ethereum. Solana has recently breached the price level of $110. According to recent data, SOL has increased by over 3% in the last 24 hours. Even though the whole cryptocurrency market is trading in the red, Solana is still trading in the green. With the New Year almost here, here is our price prediction for Solana this New Year. Also read: How Much XRP Do You Need to Become a Millionaire if Price Hits $1? SOL price prediction for New Year Various factors, such as market conditions, price action, developments, supply, and use cases, will...

VeChain has seen a significant spike in price in the last month. The altcoin’s price now sits at its highest level since the year began. It has also surpassed Cronos in terms of market capitalization. VET, the coin that powers the smart contract blockchain VeChain, has seen remarkable growth in the last week, pushing its price to a new yearly high of $0.38.  According to data from CoinMarketCap, in the last week, the altcoin’s price rallied by 12%. During the same period, its market capitalization rose from $2.41 billion to $2.69 billion, causing it to replace Cronos (CRO) as the 35th largest crypto asset in terms of market cap. Cryptocurrency Prices by Market Cap (Source: CoinMarketCap) VET Logs Rise in Open Interest In the coin’s futures market, open interest has risen steadily since December 1. At $46.05 million, VET’s futures open interest was spotted at a high last observed in April 2022, data from Coinglass showed.  VET Futures Open I...

A potential spot BTC ETF approval is expected to have many impacts on the coin’s price. It is expected to lead to a rise in institutional participation in the crypto market. Some even opine that it might lead to a significant jump in BTC’s price. According to Bloomberg analysts, the long-awaited approvals of U.S. spot Bitcoin Exchange-Traded Funds (ETFs) could finally arrive in January, potentially fueling a significant price rally in 2024. In a recent post on X (formerly Twitter), senior ETF analyst at Bloomberg, Eric Balchunas noted that there is a 90% chance that the U.S. Securities and Exchange Commission will grant its first spot ETF approval by January 10.  One of these amended filings came on December 22 when BlackRock submitted an amended Form S-1 with the SEC. According to the filings, the asset manager intends to allocate a seed fund of $10 million for its spot Bitcoin ETF.  Commenting on the significance of this move, Bloomberg analyst ...

Brad Garlinghouse has accused the U.S. SEC chairman, Gary Gensler of being a hypocrite. Garlinghouse says Gensler is a political liability whose actions have decimated consumers and destroyed the integrity of the SEC. Gensler recently claimed that there is a lot of noncompliance with the securities laws in the crypto space. Ripple CEO Brad Garlinghouse has accused the U.S. Securities and Exchange Commission (SEC) chairman, Gary Gensler of being a hypocrite, following the latter’s claim of noncompliance in the crypto space. In a recent post on X (formerly Twitter), Garlinghouse described Gensler as a political liability whose actions have decimated consumers and destroyed the integrity of the SEC while remaining “buddy-buddy” with Wall Street. Stunning hypocrisy from the person who cozied up to the biggest fraud in recent memory. Gensler is a political liability whose actions have decimated consumers and destroyed the integrity of the SEC, while remainin...

A widely followed crypto trader is warning that Bitcoin (BTC) and other altcoins could soon make an abrupt trend reversal toward new lows. Pseudonymous trader and crypto bear Capo tells his 781,400 followers on the social media platform X that Bitcoin could soon revisit the low $30,000s and bring a sudden market correction to alts after they rally one more time. “As posted on TG (Telegram) a few days ago, BTC is probably forming a local top here at $40,000-$45,000. ETH could reach $2,500s, and some alts could have the last pumps. After this, a full reversal to new lows is likely over the next few weeks… I believe new lows are still to come before the real bull market begins.” Source: Capo/X The trader elaborates on his reasoning in a thread about why “we might still see new lows over the coming months.” “Let’s start with BTC on HTF (high timeframe). We have seen a bullish trend during 2023. Many think that this is the start of a new bull market, but in m...

Leading tokenization platform Paxos has announced its expansion into the Solana blockchain, marking a significant move beyond its previous Ethereum exclusivity.  The integration into Solana (SOL) is a strategic step for Paxos, given Solana’s reputation for high-speed transactions and lower fees. This move particularly benefits U.S. dollar stablecoin s and payment processes, as Solana’s network offers an efficient and cost-effective environment. Paxos’s stablecoin , USDP, is expected to leverage Solana’s robust architecture to enhance its performance further. 2/ @Paxos’ expansion of their USDP stablecoin issuance program, which was previously exclusive to Ethereum, now comes to the payments-friendly Solana blockchain, which Features : Rapid transaction speed Near-instant settlement 🪙Negligible transaction fees… — Solana (@solana) December 22, 2023 Raj Gokal, co-founder of Solana, believes this collaboration will enable Paxos to continue its pursuit ...

Bankrupt companies FTX and Alameda have transfer red millions of Solana (SOL) tokens over the past two months . According to Spot On Chain, the two firms transferred 13.22 million SOL to the exchange between Oct. 24 and Dec. 14, 2023. The bankrupt exchange additionally possesses another 2 million SOL that can liquidated in the event of a sale. The token has no max supply and is instead governed by a fixed year-on-year inflation rate, with tokens unlocking on specific dates. $SOL is up ~17% in 24 hours and flips $BNB in market cap, but FTX & Alameda is still a major holder. Key on-chain stats – They allegedly transfer red 13.22M $SOL ($666M) to exchanges between Oct 24 to Dec 14, 2023. – They may currently have 2M $SOL ($192M) available to… pic.twitter.com/2Hckt2A5uo — Spot On Chain (@spotonchain) December 22, 2023 The price of SOL is currently $91.3. At current rates, FTX and Alameda have transfer red approximately $1.2 billion in SOL since liquidating. T...

The legal team of Terraform Labs and Do Kwon have agreed with the SEC on maintaining the confidentiality of certain documents in their trial .  The agreement comes in the context of charges leveled by the SEC against the LUNA founder in February, accusing them of conducting a fraudulent scheme involving cryptocurrency assets worth billions of dollars. Terra’s stablecoin UST and LUNA collapse in 2022 was one of the main drivers of the latest crypto winter, which also played a part in the FTX collapse.  Source: Courtlistener You might also like: Coinbase, Circle awarded crypto licenses in France ahead of MiCA The presiding judge in the Southern District of New York, Jed Rakoff, ratified a protective order today. This order stipulates that both parties are restricted from publicly disclosing confidential materials. Additionally, the court will seal discovery documents tagged as confidential until the commencement of the trial .  Judge Rakoff indicated a low probabilit...

Cryptocurrency investment firm Matrixport predicts Bitcoin prices could surge past $50,000 by the end of January 2024 if the SEC approves Bitcoin spot exchange-traded funds (ETFs). In a recent report, Matrixport draws parallels to 2017, when the launch of Bitcoin futures on the CME Group exchange preceded a nearly 200% price increase for Bitcoin in the six to seven weeks leading up to the first day of futures trading. Also read: US Government Finalizes Forfeiture of 69,370 Silk Road Bitcoin Bitcoin spot ETFs could trigger a similar surge Matrixport believes SEC approval of spot ETFs could produce a similar demand surge. Unlike futures, spot ETFs would allow mainstream stock investors exposure to Bitcoin itself rather than derivatives contracts. “While we foresaw a consolidation period from December 8 until potentially the end of the year, we now expect that Bitcoin could break out,” says Matrixport. Matrixport expects prices to break out soon, potentially...

The co-founders of the crypto analytics firm Glassnode believe that altcoins are gearing up for a massive move to the upside. Glassnode co-founders Jan Happel and Yann Allemann, who share the Negentropic handle on the social media platform X, say that the total market capitalization of digital assets besides Bitcoin (BTC) and Ethereum (ETH) is in a consolidation phase and about to soar. “1-2-3-4-5 EUPHORIA! Crypto market is on the verge of major move. Chart of crypto market minus BTC and ETH. We have seen the first three phases. Now ACCELERATION AWAITS. See the chart below for detailed Analysis .” Source: Negentropic/X The analysts’ chart suggests that the (MACD) indicator, traditionally used to spot trend reversals and to confirm trends, and the Relative Strength Index (RSI), which aims to measure momentum, are flashing bullish on the weekly timeframe. The analysts also say that the US dollar index (DXY), a measure of the value of the US dollar again...

Some are calling Polkadot (DOT) the best cryptocurrency to invest in right now after 43% gains last month. The project’s developers recently revealed plans to work with the Cardano (ADA) project to build a partner chain using Substrate, Polkadot’s SDK base. ADA has also enjoyed substantial growth lately with prices increasing by 55%.  Meanwhile, InQubeta (QUBE) is also being touted as the best cryptocurrency ICO to invest in as its presale sells over $7.1 million worth of tokens. The presale still has four more stages to go, yet early investors have already made 175% returns.  InQubeta (QUBE) creates an alternative way to invest in AI Going by the success of its presale so far, InQubeta has positioned itself as one of the best DeFi projects launched this year. Its success can be attributed to the fact that it looks to create an alternative way to invest in artificial intelligence (AI) giving investors who do not meet the income ...

A popular crypto analyst is predicting market corrections for Solana (SOL) and another one of Ethereum’s (ETH) biggest competitors. Pseudonymous trader Altcoin Sherpa tells his 201,800 followers on the social media platform X that Solana is setting up to dip below $50, more than 31% from its current value. “SOL: for traders, I think sub $50 is coming for Solana in the mid-term. For investors, SOL is going to go to much higher levels in the coming months, so probably just don’t worry about it. I’m going to just hold my SOL and chill.” Source: Altcoin Sherpa/X Using Fibonacci retracement levels, the trader suggests Solana may retest $48.71 before a bounce. Solana is trading for $73.37 at time of writing, up 2.6% in the last 24 hours. Next up, the trader predicts that ETH rival Avalanche (AVAX) will undergo a correction and revisit levels below $30 following its recent massive rally. “AVAX: things are looking kind of toppy in the short te...