Category: Bitcoin

Have you missed out on this week’s top crypto news? There’s nothing to worry about. Coin Informer is here to keep you up-to-date with this week’s recent crypto news. In our unique edition of ‘This Week in Crypto,’ we make all efforts to provide you with accurate information on the news headlines that have become the talk of the crypto world all around the globe. So, without further ado, let’s start this. OANDA Debuts a Cryptocurrency Trading Platform in the UK: This Week in Crypto February 26, 2024. OANDA is a renowned US-based forex pioneer who is entering the UK’s crypto landscape soon. The global brokerage firm officially announced this news through all social media handles, including its website. This announcement was the result of ONDA’s 2023 acquisition of a significant portion of an FCA-registered crypto company called Coinpass. OANDA is debuting a cryptocurrency trading platform in the UK under the name of OANDA Coinpass Limited or OANDA crypto. A soon-to-debut platform is registered with the UK’s regulator, ensuring people the reliability of it. In an official press release by ONDA, the firm confirmed the functionality of the cryptocurrency platform for private investors & traders in the UK. It’ll provide top-notch security & responsiveness, allowing investors to trade in over 63 cryptocurrencies, Bitcoin, ETH, Ripple, & more. Moreover, the trading app of OANDA allows access to over 100,000 public indicators, volume profile indicators & 110 smart drawing tools. Lucian Lauerman, Head of Digital Assets at OANDA, said, ‘With OANDA Crypto, we’re staying true to our mission of making trading experiences smarter by bringing the reliability, security & simplicity of our robust trading platforms into an easy-to-use app, making crypto attractive to UK traders and investors of all levels of experience.’  Let’s see how OANDA will impact the UK’s crypto landscape & how tall it can stand in this competitive market. U.S. Department of Justice Finally Approves Binance’s $4.3M Plea Deal: This Week in Crypto February 23, 2024. Binance is back in the news (not for any controversy, but for a long-awaited decision for which we’ll be waiting). On February 23, Judge Richard A. Jones of Wahington’s district court finally approved the Binance’s $4.3 billion plea deal. For context, let us tell you that Binance & its CEO and founder, Changpeng Zhao, were found guilty of Anti-money laundering activities in 2023. Zhao’s sentencing date and further court trial have been pushed to April 30, 2024. As a part of a settlement in this case, Binance’s organization board members unanimously decided to propose a deal. The plea deal says, Binance will pay $4.3 Billion as a repercussion.  According to the deal, Binance will pay $1.8 billion as a fine and $2.5 billion for forfeiting the remaining things. With the acceptance of this plea deal, we can expect a comeback of Binance in the future. Although things are pretty messy, however, there is still a huge expectation. Ethereum Price Reaching $3,100 for the First Time Since April 2022: This Week in Crypto After the spot Bitcoin ETFs, the crypto industry is full of excitement towards the spot ETH ETFs approval. According to JPMorgan Analysts, the world can expect the approval of spot ETH ETFs in early May. Due to the high level of excitement among the crypto community & many publications covering this excitement, Ethereum’s prices made a massive jump. For the first time since April 2022, Ether prices have broken the $3,100 level. Moreover, ETH’s open interest soars to $10.6 billion. If things remain the same for a few more days, it’d be easy for Ethereum to surpass the all-time high mark ($11 billion). For this to happen, we’ve to wait & watch the trend closely. The Deadline to Apply for Hong Kong’s VATP License has Ended: This Week in Crypto As a crypto enthusiast, you may know about Hong Kong’s VATP license. Last year, Hong Kong debuted the new criteria for crypto exchange to function their trading services. A crypto exchange that is able to attain the VATP (Virtual Asset Trading License) license can carry their trading in Hong Kong. Hong Kong announced the deadline for crypto platforms to apply for this license. The deadline was February 29. Around 18 crypto exchanges, including Bybit, Crypto.com, HKVAX & OKX, applied for this license. Out of 18, four have already withdrawn their applications due to some internal reasons. As of now, only OSL & Haskey are able to receive this license. Since the deadline for the VATP license is over, it’ll be exciting to see how many crypto firms will end up getting this license. Bitcoin Prices are Near to Reach an All-Time Highest: This Week in Crypto February 28 to February 29, 2024. Bitcoin’s prices started with a bang this week, surging to $60,000. On the next day, the prices slipped and ended up hanging around $56,700. However, Wednesday made the global crypto community choke – Bitcoin prices crossed $63,000. Many were expecting to witness history. But, again, the prices fell by $29,000 in the next few hours. But, on Thursday, the prices jumped by reaching $64,000. As we’re writing, the Bitcoin is trading at $64,037. It means the biggest cryptocurrency is very near to surpass an all-time high ($68,990). Let’s see, are we going to witness history in the first week of March or not? Stay Tuned! https://coin-informer.com/ is your reliable provider of the latest crypto news and updates. Our team provides accurate knowledge to keep you informed of the crypto community’s recent dramas, controversies & market analyses. So, stay tuned with us to read more blog posts like this!

Many are saying that the crypto industry is going through some sort of drought. Well, it can be true, but since we’ve come back with a blog post dedicated to the latest crypto news, this drought will turn into excitement. Due to this fast-paced digital life, it can be so hard to read all the news in the crypto industry daily. Considering this problem, Coin Informer has taken the responsibility of posting one weekly blog post, specifically dedicated to the latest crypto updates. So, without further ado, read these top crypto updates from the last few days and keep yourself entertained and up-to-date with the crypto industry. A Secret $400 Million Hack of FTX Solved, Three Individuals Being Charged: Latest Crypto Updates January 31, 2024 (Wednesday). A district court in Washington D.C. charged three individuals, namely Robert Powell, Carter Rohn & Emily Hernandez, with carrying out a $400 million hack of FTX in 2022. They made a series of SIM-swap attacks to steal $400 of virtual currency. The official part of the case file says, 1. On or about November 11, 2022, Powell instructed co-conspirators to execute a SIM swap of the cellular telephone account of an employee of Victim Company-1, which was maintained by AT&T. 2. On or about November 11, 2022, a co-conspirator sent Hernandez a fraudulent identification document with the PII of Victim Company-1’s employee but bearing Hernandez’s photograph, with Hernandez then used to impersonate that person at the service provider store in Texas. 3. On or about November 11, 2022, and continuing into November 12, 2022, co-conspirators transferred over $400 million in virtual currency from Victim Company-1’s virtual currency wallets to virtual currency wallets controlled by the co-conspirators. It becomes very clear from this part of the court case file that the hack was done by Powell, Hernandez, and Rohn just a few hours before FTX filed for bankruptcy. Though the court file didn’t mention FTX’s name in loud and clear words, but everyone knows FYX has called to here as Victim Company 1. According to Elliptic, a blockchain security firm, FTX witnessed numerous unauthorized transactions worth around $400 million just before filing for bankruptcy. The rumors also say co-conspirators (Powell, Hernandez & Rohn) transferred stolen tokens to Kraken. John J. Ray III, a current CEO of FTX, says, FTX’s poor security and lack of organized systems were the reasons behind this secret hack, which has now came out to the world. The system of FTX at that time was ‘Pure Hell.’ Pro-Crypto Nayib Bukele Declared Himself as El Salvador’s President for Second Term: Latest Crypto Updates February 5, 2024. Imagine someone shocking the crypto world as well as the political landscape. Well, this has happened, and the man behind this is Nayib Bukele. You may have heard of Nayib Bukele if you’re a geopolitics enthusiast. He has newly become the president of El Salvador for the second term. During his first term of presidentship, he made a decision to adopt Bitcoin as a legal tender in his nation. This led to El Salvador becoming the first country to do so. Besides this, he has made several strategic decisions on crypto advancements. In the political world, many experts criticize his unlawful way of declaring himself as president. While the crypto community is happy about him. Bukele becoming the president of El Salvador can bring many crypto advancements and changes in the world. Hong Kong Warns Crypto Exchanges to Apply for VARP License Before February 29 or May Close Your Packs on May 31: Latest Crypto Updates February 6, 2024. Hong Kong’s government is aiming to establish itself as a crypto hub by popularizing crypto among citizens and cracking down on illegal activities. On Tuesday morning, Hong Kong’s Securities and Futures Commission (SFC) issued a warning to all crypto exchanges to apply for VATP (Virtual Asset Trading Platform) license before February 29. If any firm doesn’t apply for it, they may face the closure by May 31. Till now, OSL and Haskey Exchange have been the ones to get VATP licenses in Hong Kong. Moreover, fourteen other crypto firms have applied for this license. Stay Tuned! Each day, there is a new story in the crypto world. Someone might have gotten involved in drama, or someone might have gotten out, but the excitement of knowing more about it is the thing that makes crypto enthusiasts so alive and fresh. Coin Informer is your ultimate source of top news stories of the crypto world. Stay tuned for our upcoming Latest Crypto Updates to keep you up-to-date with the crypto industry.

January 22, 2024. Bitcoin prices reached their lowest level since the SEC approved Spot Bitcoin ETFs in the early days of January. With over a 4% drop in the last 24 hours, Bitcoin was trading below $40,000. On January 22, the largest cryptocurrency’s price dropped to $39,526 (the lowest since early December). As of January 24, 2024, Bitcoin’s price is trading in the same price range. This has led to the crypto community’s concerns over this sudden downfall. Let’s analyze this trend in detail. A Sudden Downfall of Bitcoin’s Price: On January 11, 2024, the SEC approved the functioning of spot Bitcoin ETFs across the United States. The price of Bitcoin was reaching new heights, even before the SEC’s decision, as the whole digital community was highly anticipating the decision. When the decision was made to favor spot Bitcoin ETF approval, Bitcoin’s price surged with an impressive peak of US$48,969. According to market analysts, a 10% drop in Bitcoin prices was expected. But the fall in Bitcoin’s Price shown in the past few days was unexpected. The trend of the downfall started on January 22, when Bitcoin prices suddenly fell to $39,526. On the Next day (January 23, 2024), prices witnessed minimal growth, standing at $39,864. With a -0.35% fall, the bitcoin price is trading at $39,835.55 (As of January 24, 2023). Bitcoin’s Price Downfall Sparks Concern in the Market: The fall in the price of the largest cryptocurrency will surely impact the whole crypto industry. That’s why many crypto enthusiasts are showing concerns over this trend. Many analysts said the fall in Bitcoin’s price is due to its strong competition with traditional stocks. On the same day, when Bitcoin prices fell, traditional stocks witnessed fresh record highs in their prices. Moreover, bitcoin is facing significant competition from Grayscale Investment’s Bitcoin trust (which was recently converted into an ETF under the SEC’s decision). Future Prediction on Bitcoin’s Price: Will it Breach Towards $35k? The questions on Bitcoin’s price have taken center stage in the crypto market. And why not? It sure has to do since Bitcoin is the largest cryptocurrency. Coming back to the topic, What’s next for Bitcoin prices, or will it make a massive comeback in the next few weeks?  The answer to these questions lies in some theories. Theory #1: If the Bitcoin’s Price falls below the US $38,000 level, there is a huge probability that the cryptocurrency may touch the $35,000K mark. If the 200-day Exponential Moving Average (EMA) suggests a high chance of Bitcoin falling to the $35,000K mark, it could be really bad for Bitcoin in the short term. The 200-day Exponential Moving Average (EMA) is a specific type of moving average that traders and analysts use to assess short-term price fluctuations and identify the general direction in which an asset’s value is moving over an extended period of 200 days. Theory #2: We can expect a significant price rise if Bitcoin’s Price shows stability by trading near $40,000K. Bitcoin Trading at Low Prices = An Investment Opportunity for Beginners? It is one of the year-old strategies of cryptocurrency, which implies, Invest in a Cryptocurrency when it is Trading at Low Prices. The time has changed, but the value of this strategy remains static. As a result, many analysts are encouraging their followers to invest in Bitcoin as it is the right time. But there are many other analysts, too, who are insisting beginner investors exercise caution and not become overly focused on trying to buy an asset at its absolute lowest point. In the crypto landscape, prices can be unpredictable, and buying the tokens at the lowest price might lead investors to take unnecessary risks. As your ultimate guide on cryptocurrencies, Coin Informer suggests you invest in Bitcoin now if you have enough capital. If you’re a complete beginner, this isn’t the right time. Stay Tuned! Coin Informer is a trusted source for all the latest crypto news and updates. Stay tuned with us for our next post, which will keep you updated regarding the top crypto news of this week.

Welcome Again! Coin Informer is everyone’s go-to source for all things that are crypto. Today, we will look into the series of event taken place in the complex journey of JP Morgan’s CEO, Jamie Dimon. This post will highlight his evolving stance on the cryptocurrency landscape. Stay tuned for a deeper understanding of all the highs, lows, and unexpected turns in Dimon Dilemma. Dimon Dilemma: Dimon’s Final Take on Bitcoin (2024) In a surprising turn of events, Jamie Dimon, the influential CEO of JPMorgan Chase, has yet again voiced his skepticism regarding Bitcoin. This time, he chose the prestigious World Economic Forum platform to express his views. On CNBC’s “Squawk Box,” Dimon likened Bitcoin to a “pet rock” and argued that it “does nothing.” Let’s dissect the key elements of his latest take on Bitcoin. Pet Rock Analogy Dimon dismisses Bitcoin’s intrinsic value, comparing it to a fad like the “pet rock” phenomenon. Criminal Connotations Reiterating his long-held stance, Dimon insists that Bitcoin’s primary utility lies in facilitating criminal activities such as sex trafficking and money laundering. Value Perspective Dimon suggests that Bitcoin’s perceived value is largely derived from speculative paper trading rather than tangible, real-world applications. JPMorgan’s Paradox: The ETF Approval (2024) What adds a layer of intrigue to Dimon’s persistent skepticism is JPMorgan’s intimate involvement in the approval of Bitcoin exchange-traded funds (ETFs). The revelation that JPMorgan serves as one of the authorized participants for BlackRock’s bitcoin ETF raises eyebrows, introducing a paradox within the narrative. While Dimon publicly distances himself, JPMorgan actively facilitates capital flows in and out of the fund. Dimon Senate Hearing: A Call to “Close” Crypto (December 2023) Rewinding to December 2023, we find Jamie Dimon delivering a scathing critique of the entire cryptocurrency industry during a Senate hearing. In a bold statement, he suggests that the government should “close” the $1.7 trillion crypto industry, attributing its existence solely to funding illegal activities. This call for action starkly contrasts with JPMorgan’s growing involvement in blockchain technology, highlighting an apparent dissonance between Dimon’s public statements and the bank’s strategic moves. JPMorgan’s Blockchain Foray vs. Dimon’s Cryptocurrency Disdain While Dimon remains a vocal critic of cryptocurrencies, it is noteworthy that JPMorgan, under his leadership, has actively ventured into blockchain technology. The same technology that underpins Bitcoin is employed in their “JPM Coin” record-keeping service. This paradox raises questions about the sincerity of Dimon’s disdain for crypto or if it is a strategic smokescreen for a more nuanced approach within the bank. Dimon’s 2021 Stance: Indifference Yet Recognition (May 2021) Returning to May 2021, we find Jamie Dimon adopting a seemingly indifferent tone towards Bitcoin. Despite stating that he personally doesn’t care about Bitcoin, he acknowledges the growing interest among JPMorgan’s clients in the cryptocurrency. This dichotomy highlights the ongoing tension between Dimon’s personal sentiments and the pragmatic reality faced by JPMorgan. Conclusion:Dimon Dilemma In conclusion, Jamie Dimon’s stance on Bitcoin has been an unpredictable odyssey, marked by contradictions and paradoxes. From outright dismissal to passionate calls for its closure, his journey reflects the dynamic nature of the cryptocurrency landscape. As we navigate through the twists and turns, one thing is clear – the only constant in the crypto world is change. Explore More on Coin Informer For an in-depth exploration of the ever-evolving crypto landscape and to stay ahead of the curve, delve into Coin Informer. Unlock the latest trends, decode complex news, and embark on an informed crypto journey with us. Your insight into the crypto realm begins here.

January 10, 2023. SEC approved the functioning of Bitcoin ETFs in the United States, and in an official decision, the organization approved 11 applications, including those of Ark Investments/21 Shares, VanECk & BlackRock. The crypto community highly anticipated this decision as it can positively impact Bitcoin prices and the overall crypto landscape. Moreover, investors can invest in Bitcoin ETFs freely through traditional brokerage accounts instead of relying on big platforms like Coinbase & Binance. Since this aim to change the crypto investing process, various investors are excited to invest. Millions of US investors want to get involved with Bitcoin ETFs to access Bitcoin without big platforms. But there is a small challenge. Many investors find it hard to know how to invest in Bitcoin ETF and which spot ETF is best to choose. Thus, Coin Informer has taken the responsibility to clear all your doubts. We’ve compiled this detailed guide, which will offer answers to these questions in a simple & clear way. Before starting anything else, let’s talk about exactly who should buy Bitcoin ETFs. Who Should Buy Bitcoin ETFs? As Gary Gensler (SEC Chairman) has said, “Bitcoin is primarily a speculative, volatile asset that’s also used for illicit activity, including ransomware, money laundering, sanction evasion, and terrorist financing”. Though his statement is problematic, it does indicate that ‘Bitcoin is a highly risky investment as there is no underlying cash flows & long trading history to support its value. Investing in Bitcoin through cryptocurrency platforms such as Coinbase & Binance can be complicated. Thus, investing in Bitcoin ETFs can be a good option for investors looking for a more conventional way of investing in the digital currency. Since Bitcoin spot ETFs allow investors to buy them through brokerage accounts (like stocks), you can find fewer complications than investing in Bitcoin. Moreover, the ETF structure offers seamless accessibility to investors to access Bitcoin through spot ETFs. The Best Bitcoin ETFs in the United States (As of January 16, 2024): On January 10, 2024, the SEC approved 11 Bitcoin spot ETFs. As of January 16, the ETFs below are the top Bitcoin you can consider while buying. The Coin Informer team has made this ranking based on fees, trading volumes, market popularity, assets under management and other significant factors. Rank ETF Name Symbol Asset Class Total Assets Expense Ratio 1. BITO ProShares Bitcoin Strategy ETF Currency $1.7 Billion 0.95% 2. BITI ProShares Short Bitcoin Strategy ETF Currency $58.5 Million 0.95% 3. XBTF VanEck Bitcoin Strategy ETF Currency $54.5 Million 0.76% 4. BTF Valkyrie Bitcoin and Ether Strategy ETF Currency $34.5 Million 1.20% 5. BITS Global X Blockchain and Bitcoin Strategy ETF Multi-Asset $25.4 Million 0.65% These five ETF options are the safe choices (according to current market trends). If you want to invest in Bitcoin spot ETFs, BITO, BITI & even XBTF are ideal choices. Go for them by avoiding all second-end thoughts and viewpoints of others. Steps to Invest in Bitcoin ETFs via Brokerage Services: Though there are other methods to buy Bitcoin spot ETFs, investing in it through brokerage services is the best way out there. Follow the steps given below to buy Bitcoin spot ETFs via brokerage services. Step #1: Choose a Reliable Online Broker Platform Begin by choosing a trusted online broker platform that can offer you the flexibility to buy ETFs at reasonable rates. Here are some of the recommended online brokers which you can consider. 1. Robinhood: Why Choose this?  Commission-Free Easy Trading Available 2. Interactive Brokers: Why Choose this?  24/7 Crypto Trading Available One of the Lowest Commission (0.12 to 0.18) 3. TradeStation: Why Choose this? Commission-Free Spread Markup is not More than 1 Percent 4. Coinbase: Why Choose this? Spread Markup of about 0.5% Enable Storing Coins in a Vault with Time-Delayed Withdrawals 5. Webull: Why Choose this? Excellent Mobile App with Advanced Charting Tools Spread Markup of 1% (Though it is Commission Free on ETF trading) Consider these best online brokers to complete your successful purchasing of Bitcoin ETFs. Step #2: Open a Brokerage Account Download your brokerage platform’s app after choosing a reliable online broker. For example, you have chosen the Robinhood. Now, open its app or web portal to Log In. Consider going through the KYC (Know Your Customer) section to avoid further disruptions. Step #3: Fund the Brokerage Account Fund the chosen brokerage account through a linked bank account. You can make a wire transfer either by depositing a check or transferring funds from another broker to a chosen one. Step #4: Research Before Selecting a Bitcoin ETF As mentioned earlier, the SEC has approved 11 Bitcoin Spot ETFs. Before investing in any of them, research which ETF can benefit you. As of the latest trends, these are the best Bitcoin. ProShares Bitcoin Strategy ProShares Bitcoin Strategy ETF VanEck Bitcoin Strategy ETF Valkyrie Bitcoin and Ether Strategy ETF Global X Blockchain and Bitcoin Strategy ETF As of January 16, these are the best Bitcoin spot ETFs you can invest in. You can also try other remaining ones. But make sure it has a good market value & expense ratio. Step #5: Choose Preferred Bitcoin Spot ETFs After exploring all the Bitcoin ETFs available on your chosen broker, select specific Bitcoin spot ETFs in which you will invest. Step #6: Place an Order Using Funds Buy the selected Bitcoin using funds in your account. This step allows you to place an order and offer entry to assess the chosen Bitcoin ETF’s ticker symbol. Now, specify the number of shares you want to buy. Select the shares based on your strategy and market value. At last, review the whole process and submit the order. In this way, your order will be placed, allowing you to trade Bitcoin spot ETFs. Step #7 Regulate & Monitor Your Investments Daily Once you place an order, ensure you’re monitoring the investments daily. Craft your weekly strategies to ensure the success of your investment. Over & Out: Stay Tuned! With this, we would like to

Washinton, US, January 10, 2023 (9:19 am). After decades of controversies and debates, the SEC finally approved the functioning of first-spot Bitcoin ETFs across the United States. The crypto landscape woke up to this wonderful news on Wednesday morning. In the official decision, the SEC approved 11 applications, including Ark Investments/21 Shares, Fidelity, BlackRock & VanEck. SEC Chairperson Gary Gensler’s Shocking Statements on Spot Bitcoin ETFs Approval: After the minutes of SEC regulators passing the decision in favor of spot Bitcoin ETFs, Gary Gensler issued his statements on the approval. “Approval Decision as the ‘Most Sustainable Way Forward”: Gary Gensler He also admitted that the SEC also lost a legal case related to rejecting Graysacle’s request to create a Bitcoin exchange-traded fund (ETF). Because the SEC lost the case, the agency regulator didn’t have many options other than to approve around 12 similar proposals for Bitcoin ETFs (according to Gary Gensler). That’s why he referred to this decision as the ‘Most Sustainable Way Forward.’ “We did not approve or endorse Bitcoin”: Gary Gensler In his statement, Gensler clarified that even though they approved some spot Bitcoin ETFs, it doesn’t mean they have started supporting or endorsing Bitcoin itself. He further says, ‘Investors should remain cautious about the myriad risks associated with Bitcoin and products whose value is tied to crypto.’ Bitcoin as a “Speculative, Volatile Asset”: Gary Gensler Mr. Gensler took this to whole another level by remarking Bitcoin as a speculative, volatile asset. He points out that Bitcoin is the same cryptocurrency often used for illegal activities such as money laundering, terrorism financing & ransomware. Approval Doesn’t Indicate the Commission’s Views: Nor does the approval signal anything about the commission’s views as to the status of other crypto assets under the federal securities laws or about the current state of non-compliance of certain crypto asset market participants with the federal securities laws – Gary Gensler When will Spot Bitcoin ETFs Start Getting Traded? Finally, the much-awaited decision on approving spot Bitcoin ETFs has arrived, and crypto investors can’t wait to begin trading. So, let’s address their frequently asked question: when will it start getting traded? According to notices posted on CBOE’s website on January 10, 2023, the trading of spot Bitcoin ETFs will begin on Thursday. So, wait a few hours, and then witness the biggest shift in the crypto industry. Expert Predictions After Spot Bitcoin ETFs Approval: According to many crypto analysts, ETFs are predicted to draw $50 to $110 billion this year alone. If things don’t go as they expected, even then, too, the inflows will be around $55 billion in the next few years. After the spot Bitcoin ETF approval by Bitcoin, the Bitcoin prices reached $47,696.61 (the highest ever in two years). However, in the following hours, the prices fell. As of now, the Bitcoin price is trading at $46,150.99. The moment spot Bitcoin ETFs will start trading, we can expect tremendous growth in Bitcoin’s prices in the next few days. What’s Next? After years of debates, the SEC finally approved spot Bitcoin ETFs, but the question is, what’s next? Of course, getting them trading. So, here are the few things we can expect on day one. NYSE, Nasdaq & Cboe Global Markets will debut anticipated products aided by renowned trading firms. The trading of Bitcoin ETFs can be expected to start at 09:00 UTC, as it is the standard time for the opening of U.S. stock exchanges. Moreover, we can expect investors to take some extra time to invest in Bitcoin ETFs. The reason behind this is very evident: Crypto investors lack knowledge in using the Bitcoin ETFs. Before investing, the investors might undergo the review process to ensure they can trade in spot Bitcoin ETFs. Thus, we can say what inflows might look like this week. No one knows. All we can do is wait & watch. Stay Tuned! Coin Informer at Your Service: In this fast-paced world, keeping yourself up-to-date with recent crypto news is challenging, but if you’ve Coin Informer on your side, notching is difficult. As a leading provider of crypto news & updates, Coin Informer is your ultimate companion. Stay tuned with us to read our next detailed news article.

Before starting anything, Coin Informer wishes you a very Happy New Year. May the lord bring much more happiness this year in your life. You know what? The period between Christmas and New Year is the time when media outlets hardly give you any deep news and recent updates. Most of them adopt every possible technique to garner a majority of audience viewership, whether it’s inviting Mariah Carey to perform ‘All I Want for Christmas Is You’ for the 1000th time or prime-time talk shows freely expressing whatever comes to mind for comedic effect. Thus, Coin Informer has compiled a detailed news article titled Crypto World’s New Year Special, where we’ve discussed top updates and crypto news that you might have missed recently. Without further ado, let’s take a look at the top news amid this New Year celebration. Bitcoin Surpassed $45K (First Time in 2 Years): Crypto World’s New Year Special The 2024 New Year Celebration seems to bring an abundance of happiness among crypto enthusiasts. As of 5 a.m., Bitcoin has taken the highest jump and surpassed $45K for the first time in nearly two years. The last time this trend was witnessed was in April 2022, and since then, the leading crypto industry has been going through a rough time. But, thanks to the last few months of 2023, Bitcoin has gained confidence along with its price range. (Bitcoin’s Price Index, Sources: CoinDesk) If we talk about December 2023 only, Bitcoin has made a total jump of nearly 20%. But you know what? The partial credit behind the historical trending of Bitcoin’s price also goes to the SEC’s much-anticipated decision on the approval of ETF Bitcoin. As per the latest sources, the decision on the SEC’s approval can be expected in the second week of January. ETH & Solana Showed Positive Trends Over the Weekend: Crypto World’s New Year Special Besides Bitcoin, other major cryptocurrencies have also flourished. ETH showed tremendous growth over the New Year weekend, but as January 2 ended, the cryptocurrency took a complete U-turn as its price started falling. However, the best thing is that the percentage of dip is only around 1.5 (not that bad). (Ethereum’s Price Index, Sources: CoinDesk) If we talk about Solana, its trend was opposite to ETH’s, with the dip over the New Year week and growth after January 2, 2024. As of now, the trendy cryptocurrency is trading at $109.82. (Solana’s Price Index, Sources: CoinDesk) India Says ‘No’ to 9 Leading Offshore Crypto Exchanges, Including Huabi & Bitcoin: Crypto World’s New Year Special On December 29, 2023 (Thursday), the India Financial Intelligence Unit announced something very shocking. With the debut of the Prevention of Money Laundering Act (PMLA), the Indian government issued compliance against nine offshore crypto exchanges, including Bitcoin, KuCoin, Huobi, Bittrex Bitfinex, Kraken, and more. Moreover, the Indian government has clarified that crypto businesses must register themselves with the FUI to function their services. It’ll be interesting to see how this act will change and impact India’s crypto landscape as its digital market has thrived in the last few years. Not Expecting Full-Out Denial on Bitcoin ETF Approval – Balchunas: Crypto World’s New Year Special The whole crypto world is waiting for the SEC’s decision on Bitcoin ETF, and renowned analysts like Balchunas and James Seyffart have something important to say about it. In a recent post on X, James Seyffart writes, “A new Research note from me today. We still believe 90% chance by January 10 for spot Bitcoin approvals. But if it comes earlier, we are entering a window where a wave of approval orders for all the current applicants *COULD* occur.” In addition, Eric Balchunas (Bloomberg’s ETF analyst) also said, “While the chances are slim, a spot Bitcoin exchange-traded fund (ETF) being rejected this month will most likely be due to the Securities and Exchange Commission wanting “more time” rather than a flat-out rejection.” According to the opinions of different analysts, it is pretty clear, “The decision on spot Bitcoin approval can be expected by January 10. However, if the SEC remains silent on it, even on that date, it can be made clear that the commission needs more time to decide on its approval. How much time? This question you shouldn’t be asked.” Stay Tuned!   +With this, we would like to wrap up this crypto world’s New Year Special news article. Coin Informer will meet you next time, very soon, with another detailed blog post covering the hottest news of the season. So, until then, enjoy your time with your loved ones.

Cryptocurrency enthusiasts and experts are buzzing with anticipation with the beginning of the New Year and what is unfolding for them. From the potential downfall of a major exchange to exciting developments in tokenization. Here is a sneak peek at the Crypto Predictions for 2024 Crypto Predictions for 2024 1: Binance’s Bearish Year: Despite being the world’s largest exchange by volume since 2017, Binance faces challenges. FTX’s collapse in 2022 and a 20% market share decline by November 2023, coupled with a Department of Justice indictment against former CEO Changpeng Zhao. Therefore, experts predict that 2024 is going to be a bearish year for Binance. 2. Coin base’s Bullish Run: On the flip side, Coinbase is poised for a bullish year. With initiatives like layer-2 solutions and global expansion, coupled with its ability to avoid legal troubles, Coinbase’s stock (COIN) has surged by an impressive 376% in the past year. 3. JPMorgan’s Tokenized Fund: JPMorgan, a major player in real-world assets, might take a leap into the crypto space by tokenizing a fund. Despite CEO Jamie Dimon’s cautious stance on crypto, the Onyx blockchain arm has been testing tokenizing portfolios on permissioned blockchains. 4. BONK’s $10 Billion Market Cap: Enter BONK, the latest dog coin creating waves on Crypto Twitter. After a significant rally post-listing on Coinbase, this Solana-based coin has witnessed a staggering 300% rise in the last 30 days, boasting a market cap exceeding $1 billion. Some speculate it could reach a $10 billion market cap. 5. Bitcoin’s Quarter of a Million Dollar Milestone: Bitcoin, the pioneer of cryptocurrencies, may hit new highs in 2024. With a 159% appreciation in the past year and upcoming catalysts such as SEC decisions on Ark and 21Shares’ spot ETFs, along with an anticipated halving in April, some predict Bitcoin could reach a quarter of a million dollars. 6. ETFs Rollercoaster: The crypto market is no stranger to volatility. If a spot Bitcoin ETF gains approval, analysts anticipate a sharp downside move initially, following the “buy the rumor, sell the news” pattern. However, historical trends suggest that ETF approval could lead to a more sustained price rally. 7. NFT Renaissance: After weathering the bear market storm, NFTs are showing signs of resurgence. Blur, an NFT marketplace, experienced a significant boost in trading volume after an airdrop, surpassing OpenSea as the top NFT platform. The NFT space seems poised for a renaissance. 8. Elon Musk’s Token Tease: Amid Twitter’s rebrand as “X” and Elon Musk’s persistent interest in crypto, speculations abound regarding a potential crypto integration on the platform. While the hype is yet to materialize into something substantive, Musk has tweeted that X will “never” launch a token. 9. Regulatory Developments shape the landscape: Governments worldwide are expected to make significant strides in Cryptocurrency regulation. It strikes a balance between fostering innovation and addressing concerns over fraud and illicit activities. Therefore, the regulatory framework may influence market sentiments and the adoption of Cryptocurrencies. 10. Decentralized Finance (DeFi) Evolution: The decentralized finance space is anticipated to witness further evolution of Predictions for 2024. As DeFi protocols mature, new innovations, improved security measures, and increased interoperability might drive broader acceptance, potentially reshaping traditional financial systems. In a nutshell: As we stand on the brink of 2024, the crypto landscape appears poised for both turbulence and triumph. From the fate of major exchanges to the potential resurgence of NFTs, the coming year promises to be a thrilling ride for crypto enthusiasts and investors alike. Stay tuned with Coin Informer for more updates on these predictions for 2024 and other developments in the dynamic world of cryptocurrencies.

The beginning of this week in the Crypto world has left investors and traders on the edge of their seats. On December 18, the Crypto market cap stands at a formidable $1.55 trillion. However, the price chart signals notable losses for various digital assets, with Bitcoin and Ether taking center stage. Let’s talk about Bitcoin First: Bitcoin: Bitcoin witnessed a 2.44% decline on Monday, taking its trading price to $ 40 995, which marks a significant drop of $ 1 857 from last week’s high of $42 854. According to Edul Patel, Co-Founder and CEO of Mudrex, Bitcoin is stabilizing above $40,000 after weekend profit taking, with the potential for a move towards $42,700 if buyers maintain control. The market seems balanced, and BTC may trade around $42,000 in the coming days. Ether: Ether is the second largest Cryptocurrency. It has experienced a 2.15% decrease in price, and it settled at $2 170. This translates to a $116 reduction from its previous week’s value of $2 286. Other Cryptocurrencies, including Binance Coin, Ripple, Solana, Cardano, and Dogecoin, have joined the downward trend. Moreover, the overall crypto sector saw a 2.22% dip in the last 24 hours. Which results in a current market cap of $1. 55 trillion. Altcoins: Altcoins such as Polygon and Polkadot. Wrapped Bitcoin, Shiba Inu, Litecoin, and Bitcoin Cash also faced losses alongside Shiba Inu, stellar, and Monero. Despite the red-dominated scene, negligible profits were recorded for Dogefi, Bitcoin Hedge, and Nano Dogecoin on Monday. Market insights and predictions: Industry experts share their insights on the market’s future. The CoinDCX research team suggests that resilient investors may re-enter the crypto market. Moreover, the bullish macro environment for risk assets. The Federal Reserve’s decision to pause rate hikes and potential reductions in 2024 might contribute to increased demand for Crypto. Shivam Thakral, CEO of BuyUcoin, anticipates a dip in trading activity during the holiday season, which speculates that the crypto market might remain at current levels. The impending approval of Bitcoin ETF and a potential interest rate cut by the US Federal Reserve in 2024 could drive momentum in the Crypto market. On-chain Data Signals and Investor Confidence: Analyzing on-chain data, analytics firm The Block reported an inflow of $ 860 million worth of Bitcoin into Crypto exchanges during the last week. Which marks the highest since March. Parth Chaturvedi, investments lead at Coin Switch Ventures, notes that investor confidence in BTC is strengthening and is fueled by the belief that Bitcoin is primed for 2024. In addition to this, industry experts are suggesting that the market is likely to pick up again and will set the stage for potential growth. Blockchain’s resilience: While Bitcoin and Ether are experiencing price swings, the broader landscape of blockchain technology is under the shelter of resilience. The Transformative potential of Blockchain extends beyond the volatile world of cryptocurrencies and has reached into traditional sectors like finance, healthcare, and supply chain. Institutional interest in blockchain projects and decentralized finance (DeFi) platforms is steadily growing as it provides a stabilized force amidst short-term market turbulence. The sustained development and integration of blockchain solutions underscore a broader narrative of positive evolution within the digital asset space. To wrap up: As the Crypto market navigates uncertainly, causing the price of Bitcoin and Ether to experience price fluctuations, the resilience of blockchain technology shines through. Beyond the volatile world of Crypto, Blockchain’s transformative potential extends into traditional sectors such as finance, healthcare, and supply chain. Growing institutional interest in blockchain projects and decentralized finance (DeFi) platforms provides stability amidst short-term market turbulence. The continued development and integration of blockchain solutions paint a positive evolution within the digital asset space. Stay informed about these dynamic shifts with Coin Informer, your trusted source for timely updates and expert analyses in the ever-evolving world of cryptocurrencies. Visit our website now for insightful perspectives on the latest crypto trends.

Hey there, crypto enthusiasts! Welcome back from the weekend – hope it treated you well. Did you manage to catch up on the latest happenings in the crypto space, or were you too caught up in weekend chores? No worries, we’ve got you covered with a quick recap of the buzzing stories from the past week. Let’s dive in Bitcoin’s Rollercoaster! Bitcoin’s Rally and the Perfect Storm for 2024:Bitcoin’s Rollercoaster Bitcoin’s Winning Streak Teetering The crypto world witnessed a pause in Bitcoin’s historic eight-week winning streak, with the digital gold hovering around $42,000 after a flash crash to $40,000 earlier in the week. On-chain data revealed significant profit-taking, as $860 million flowed into crypto exchanges, indicating investors cashing in on gains. Experts Predict Strong 2024 Despite Short-Term Dip Despite the dip, industry experts like Craig Erlam of OANDA believe this is just a blip on the radar. The expectation is for a robust 2024, fueled by falling interest rates in major economies and an optimistic outlook for BTC. Long-term holders, or HODLers, are holding strong, suggesting a restricted supply that may contribute to a potential perfect storm for Bitcoin in 2024. BTC All-Time Highs on the Horizon:Bitcoin’s Rollercoaster Speculation is rife about Bitcoin hitting all-time highs in 2024. The combination of falling interest rates, regulatory approvals for spot Bitcoin ETFs, and the upcoming halving in April 2024 paints a compelling narrative. WOO Network even sets a target of $75k for BTC in early 2024, foreseeing a surge in demand with the ETF and halving narratives converging. OpenAI CEO Sam Altman and Worldcoin’s Vision Sam Altman’s Focus on Worldcoin OpenAI CEO Sam Altman has shifted his attention to Worldcoin. This is a crypto project aiming to establish a global identity and financial network. More than 2.6 million people have expressed interest in Worldcoin’s unique approach, involving iris scans through their “orb” devices in exchange for a digital ID and free cryptocurrency. A Vision for the AI-Driven Future Altman emphasizes the increasing importance of identifying unique humans in a world dominated by AI. Worldcoin’s endeavor to link identity with cryptocurrency showcases a vision for the future where AI and human identity intertwine. BTC-Spot ETF Approval and Altcoin Surges Bitcoin Falls Short Amid ETF Expectations Bitcoin faced a slight setback, falling short of the $43,000 handle, as the market eagerly awaits developments related to BTC-spot ETFs. News surrounding the January 5-10 approval window remains a focal point, with Bloomberg Intelligence Analyst James Seyffart sharing insights on In-Kind/Cash Creates. Altcoin Action: DOGE and SHIB Shine While Bitcoin’s movement was relatively subdued, meme coins like DOGE and SHIB saw positive rallies. DOGE retargeted $0.10, and SHIB surged by an impressive 20.94%, driven by factors like whale activity and overall market sentiment. VanEck’s Bitcoin Predictions and Altcoin Potential VanEck’s Bullish Forecast VanEck, a prominent player in the financial space, predicts record-breaking highs for Bitcoin by November 2024. The forecast not only spells good news for Bitcoin but also sets the stage for altcoins like InQubeta (QUBE) and Injective (INJ). InQubeta’s Mission in AI Investment InQubeta’s innovative platform democratizes investment in AI startups through its native token, QUBE. The ongoing presale has already garnered over $6.8 million, showcasing the growing interest in the intersection of AI and crypto. Injective’s Role in Reshaping DeFi Injective, another rising star, specializes in decentralized finance (DeFi), offering advanced applications on its blockchain platform. INJ, the native token, plays a crucial role in governance, ecosystem development, and network security through staking. Conclusion: Stay Informed with Coin Informer And there you have it – a brief tour of the crypto happenings from the past week! As we look forward to the exciting developments in Bitcoin, altcoins, and the broader crypto ecosystem, make sure you stay tuned to Coin Informer for the latest updates. Whether you’re a seasoned crypto enthusiast or just dipping your toes into the digital waters, staying informed is key.