Bitcoin Financial News

Everix Edge is a crypto trading platform that promises to allow investors to interact with the wild frontier of crypto trading via highly advanced investment tools. The platform claims to bring the Bitcoin market to a wide range of investors.

The major US-based Bitcoin miner Core Scientific has emerged from bankruptcy. The company is now preparing to return to the stock market.

Ark Investment Management’s best-performing ESG fund of 2023 had made a bold bet on cryptocurrencies.

Cryptocurrency markets are calmer this week after starting 2024 with volatile trading.

What a difference a year and a nickname make.

Scotty the AI ($SCOTTY) is a new cryptocurrency project that leverages artificial intelligence to offer cutting-edge blockchain solutions to provide more security and safeguard the integrity of the cryptocurrency space.

The combined trading volume of the top 10 crypto exchanges in 2023 reached a staggering $34.26 trillion, a 16% decline from the previous year, cryptocurrency rating and research firm TokenInsight revealed in a report today.

Since their recent launch in the United States, spot Bitcoin ETFs have achieved a cumulative trading volume of nearly $10 billion within just three days.

Once again the social elite gathered in Davos for the World Economic Forum (WEF) – a global event bringing together the most influential players in politics and business to discuss the upcoming trends in business.

Bitcoin did not move much but clutched near the $42,800 mark, whereas Ethereum was comfortable above $2,550 levels amid the jittered sentiment for the digital token market. «On the last day, traders opted for profit booking, causing Bitcoin to come close to the $42,000 mark. However, a rapid bullish phase took over, pushing the price up to $43,500 before settling just below $43,000. Bitcoin's next challenge is at the $43,918 resistance level, while the preceding support level stands at $42,510,» said Edul Patel, CEO of Mudrex. Other top crypto tokens were trading mixed, with minor changes, on Wednesday. Solana, XRP, Cardano, Dogecoin, and Chainlink were trading in the green, while BNB, Polkadot, Tron, Toncoin, Polygon, and Internet Computer were in the red.

In a dynamic week for the cryptocurrency market, Bitcoin price prediction is neutral as BTC is trading at $42,870 with a modest increase of less than 0.25% as of Wednesday. This uptick comes amidst a flurry of significant developments. Core Scientific, a prominent Bitcoin mining entity, has announced plans to file for bankruptcy and relist its shares, a move that has sent ripples across the crypto industry.

ProShares has filed prospectus materials for five leveraged and inverse bitcoin ETFs days after the US SEC approved 11 spot Bitcoin ETFs. Spot Bitcoin ETFs trading which began on January 11, has already seen massive trading volumes, reaching billions of dollars.

A significant disagreement has arisen concerning the BRC-20 token standard on the Bitcoin blockchain. Domo, the creator of the Bitcoin BRC-20 token standard, has publicly expressed opposition to an upcoming fork proposed by UniSat Wallet. This disagreement highlights a crucial debate in the crypto world about the balance between innovation and stability.

The Central Bank Digital Currency (CBDC) Anti-Surveillance State Act, which was introduced by Congressman Tom Emmer, symbolizes an increasing level of worry within the political landscape of the United States of America over the possible dangers that may be posed by a digital currency that is issued by the government. The passage of this legislation highlights the need of having a conversation about the future of money in the digital era, as well as the implications of government monitoring and financial privacy.

It has been revealed that Bitfarms, a Bitcoin mining company that is vertically integrated and works on a global scale, has released its financial report for the month of December 2023. During the course of this month, the company produced 446 BTC, which is a generation that is 13.8% more than the output that was produced in November. This jump was attributed to strong uptime and a significant increase in transaction costs, despite the fact that there was an increase in the number of problems with the network. There was a correlation between the spike and both of these elements.

Among the history of cryptocurrency thefts, December 2023 stands out as a particularly noteworthy month. This is mostly attributable to a huge exploit that occurred on the Orbit Bridge. On January 1, the blockchain security company PeckShield said that the $81.5 million vulnerability on Orbit Bridge marked December the fifth-largest month for hacks in the year. This month was the fifth highest month for hacks overall.

Howard Lutnick’ – CEO of investment banking giant Cantor Fitzgerald – has a message for Tether Truthers: the stablecoin giant’s assets are 100% backed.

In recent developments, Bitcoin price prediction turned bearish as  the Bitcoin Miners’ Position Index (MPI) witnessed a remarkable surge, reaching 9.43 on January 12. This significant increase has sparked interest and concern among cryptocurrency investors and enthusiasts.

Ripple CEO Brad Garlinghouse took shots at the United States Securities and Exchange Commission Chair (SEC), Gary Gensler, during an appearance at the World Economic Forum in Davos, Switzerland. 

Crypto exchange Coinbase risks losing one-third of its total revenue due to ongoing legal pressure from federal regulators, according to several analysts familiar with the matter.

Bank of India (RBI) Governor Shaktikanta Das said Tuesday, just days after the US capitalmarkets regulator approved bitcoin exchange traded funds. “They (the US Securities and Exchange Commission) are the best judge of what is good for their country, so they have done it. I would not like to comment on what another regulator in another country has done,” Das said at the World Economic Forum at Davos.