Some crypto-linked ETFs like the VanEck Digital Transformation ETF and Global X Blockchain ETF have surged as much as 200% and higher in 2023.
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Top five blockchain ETFs that returned over 100% in 2023: Data
Some crypto-linked ETFs like the VanEck Digital Transformation ETF and Global X Blockchain ETF have surged as much as 200% and higher in 2023.
Basel Committee suggests introducing maturity limits for stablecoin reserve assets
Should longer-term assets be allowed as reserve assets, the committee thinks these must overcollateralize the claims of stablecoin holders.
Binance, crypto firms optimistic about UAE amid potential US regulatory shift
Ghaf Capital managing partner Feras Al Sadek argued that the UAE’s “regulation by education” sets it apart from other jurisdictions.
Philippines SEC begins Binance ban countdown
The head of the Philippines SEC clarified that Binance and any other unregistered exchange issued with an advisory has three months before they are banned from the country.
Bitcoin bulls eye BTC price comeback as cash inflows echo late 2020
Bitcoin (BTC) is displaying fresh bull run signals as BTC price strength produces 7% daily gains.
BTC/USD 1-hour chart. Source: TradingViewBTC price bounces after snap sell-off
Data from Cointelegraph Markets Pro and TradingView hints that upside momentum may continue as on-chain metrics reset.
Bitcoin “needed to cool off” after hitting $44,000 this month, analysis believes, and after a trip to near $40,000, conditions are improving.
In a post on X (formerly Twitter) on Dec. 13, Philip Swift, creator of statistics resource Look Into Bitcoin, showed profit-taking surging as BTC/USD hit its latest 19-month highs.
He flagged the value days destroyed (VDD) multiple metric, which multiplies coin days destroyed by the current BTC price and that, on Dec. 11, hit its highest level since May 2021.
Bitcoin bulls eye BTC price comeback as cash inflows echo late 2020
Bitcoin traders’ cold feet subsides as BTC price strength takes the market back to $43,000.
Crypto in the well and snake villain star in FCA’s pixelated animation
The United Kingdom’s financial regulator has published a pixelated, video game-styled Wild West cartoon to enlighten investors.
Blockchain media authentication app eyes news journalism as primary use case
Tapping into underlying blockchain infrastructure, Nodle’s Click application allows users to authenticate media content for various use cases.
Fed pause is a ‘green light’ for investors — Here’s what it means for crypto
With the expectation of further rate cuts heading into 2024, analysts say this could be a “positive boost” for crypto stocks and investment products.
Gemini creditors revolt over ‘brutal’ Bitcoin slashing reorg plan
Under the proposed plan, Gemini Earn users may only recover 61% of their lost funds in a worst-case scenario.
Gemini creditors revolt over ‘brutal’ Bitcoin slashing reorg plan
Gemini Earn creditors are fuming over a proposed reorganization plan that could see their promised Bitcoin (BTC) payouts effectively slashed to about 30% of what they’re worth at current market rates.
In a post on X (formerly Twitter), Gemini Trust revealed it sent creditors an email on Dec. 13 outlining the proposed plan, which has now been put up for a vote.
Under the proposed plan, creditors will receive a payout equal to their Earn crypto balances as of Jan. 19, 2023 — the date that Gemini’s cryptocurrency lending partner Genesis Global Capital filed for bankruptcy.
Some observers, including Bloomberg exchange-traded fund analyst James Seyffart, described the plan as “brutal,” given that the prices of Bitcoin and Ether (ETH) were only $20,940 and $1,545 at the time. The assets have since rallied to $42,750 and $2,250, respectively, at the time of writing.
This would mean that in the worst-case scenario where creditors are given a 61% recovery, each Bitcoin that a creditor had on Earn would only be given $12,773, or 30% of what a Bitcoin is worth today.
Bitcoin ETF applicants will have to ‘bend the knee’ on cash redemption model
The SEC is pushing Bitcoin ETF issuers down the cash create route for creation and redemptions, but BlackRock has other ideas.
More firms set to add Bitcoin to balance sheets after major rule change
The rules allow crypto-holding companies to now report their paper gains, not just losses, which industry observers say could give more firms confidence to buy.
Bitcoin to surge to $80K as stablecoins overtake Visa in 2024: Bitwise
Bitwise isn’t alone in its bullishness on stablecoins with Circle CEO Jeremy Allaire predicting the explosive growth of the sector due to a “huge appetite” for digital dollars.
Bitcoin to surge to $80K as stablecoins overtake Visa in 2024: Bitwise
Bitwise isn’t alone in its bullishness on stablecoins with Circle CEO Jeremy Allaire predicting the explosive growth of the sector due to a “huge appetite” for digital dollars.
Yearn.finance pleads arb traders to return funds after $1.4M multisig mishap
Decentralized finance protocol Yearn.finance is hoping arbitrage traders will return $1.4 million in funds after a multisignature scripting error, resulting in a large amount of the protocol’s treasury being drained.
“A faulty multisig script caused Yearn's entire treasury balance of 3,794,894 lp-yCRVv2 tokens to be swapped,” according to a Dec. 11 GitHub post by Yearn contributor “dudesahn.”
The error occurred while Yearn was converting its yVault LP-yCurve (lp-yCRVv2) — earned from performance fees on vault harvests — into stablecoins on decentralized exchange CowSwap.
Yearn suffered significant slippage when it received 779,958 DAI yVault (yvDAI) tokens from the trade, resulting in a 63% fall in liquidity pool value from its treasury — relative to lp-yCRVv2’s spot price at the time.
Yearn confirmed the $1.4 million figure in a note to The Block.
Immutable’s zkEVM to eliminate Web3 gaming gas fees
Immutable’s blockchain protocol will allow the game studio to cut out gas fees for users, which are widely cited as a significant barrier to Web3 gaming adoption.
Immutable’s zkEVM to eliminate Web3 gaming gas fees
Immutable’s blockchain protocol will allow the game studio to cut out gas fees for users, which are widely cited as a significant barrier to Web3 gaming adoption.
Why has Bitcoin price hit new all-time highs in Turkey, Egypt, Nigeria and Argentina?
Since bottoming around $16,800, Bitcoin (BTC) has displayed resilience throughout 2023, posting over 153% gains year-to-date and 143% over the last 12 months to outperform major tech companies.
BTC/USD Daily Chart. Source: TradingViewDespite this impressive performance, the flagship cryptocurrency’s price is still 39% below the all-time high (ATH) level against the U.S. dollar reached in November 2021.
Meanwhile, Bitcoin continues to hit new ATHs in Argentina, Turkey, Egypt, Nigeria, Lebanon and Pakistan.
According to the Dec. 13 post, at one point on Dec. 12, the price of 1 BTC reached ATHs against the Argentine peso at 15,176,100.12 pesos. BTC was worth 1,202,109.40 Turkish liras, 32,703,517.06 Nigerian nairas and 1,280,955.47 Egyptian pounds.
The chart also showed that BTC has reached ATHs against the Lebanese pound and the Pakistani rupee at 622,548,74.67 Lebanese pounds and 11,736,063.26 Pakistani rupees, respectively.
