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BlackRock has appointed a Prime Execution Agent to buy and sell Bitcoins on behalf of the platform. Bloomberg analyst James Seyffart commented that the SEC might not be comfortable with the Prime Execution Agent. The analyst also added that Bitwise was the first ETF filer to change to a Cash-Only model. Investment firm BlackRock has appointed a ‘Prime Execution Agent’ or a third-party broker to buy and sell Bitcoins while the community anticipates a nearing Spot Bitcoin ETF launch. In a recent X post, James Seyffart, a senior analyst at Bloomberg, shared insights on the least possibility for the SEC to approve BlackRock’s third-party interference, as they are allegedly less “comfortable” with the interference of a Prime Execution Agent. BlackRock Bitcoin ETF According to the BlackRock proceedings, the cash deposits will be held by the Cash Custodian or the Prime Execution Agent on behalf of BlackRock. Though the company hasn’t mentioned the name of the Pri...

Solana has surpassed XRP to become the fifth-largest cryptocurrency after a 60% surge in a month fuelled by a Bonk-inspired meme coin mania. One of the key drivers of that surge is Bonk (BONK), a Solana-based, dog-themed meme coin that exploded by more than 1,000% in recent weeks and now has a market cap of $1.2 billion. It’s currently up 378% in the past month Solana’s market cap has soared to $38.4 billion this year after a 650% surge in 12 months, and the token traded at $90.21 at 12:27 p.m. EST, up almost 11% in 24 hours. XRP’s market cap now languishes at $33.3 billion after its price jumped 80% in the past year. Bonk Frenzy The frenzy around Bonk means traders frequently buy Solana as an underlying asset before converting into Bonk or other meme coins on the network. When they sell the meme coin, they trigger more buying pressure for SOL. Solana’s recent gains come despite the FTX bankruptcy estate intensifying selling pressure as it unloads the token ...

A widely followed crypto analyst is expressing bullish sentiment toward a popular layer-1 altcoin. The pseudonymous analyst known as Bluntz tells his 232,600 followers on the social media platform X that the current price action of Avalanche (AVAX) is mirroring that of Bitcoin (BTC) as it was appreciating in October and November. The strategist says Avalanche is forming a pattern that could see it hit a price of $50, around 17% above its current level. According to the trader’s four-hour chart, which utilizes Elliott Wave Theory in its technical Analysis , Bluntz appears to suggest that Avalanche has so far completed two waves of a bullish five-wave pattern that’s potentially on course to propel the 10th-largest crypto asset to above $50. Source: Bluntz/X The Elliott Wave Theory is a tool used to forecast future price movements based on the premise that prices move in repeatable and predictable patterns of five waves. Avalanche is trading at $42.77 at time of ...

According to VC founder Jed Breed, the recent decline in ETH’s price might soon end. He believes that Celsius’ recent activity of selling some of its ETH holdings put downward pressure on its price. With the ETH sale now complete, ETH might be due for an uptick. The recent slump in Ethereum’s (ETH) price could be nearing its end, thanks to a major development in the ongoing Celsius bankruptcy case, Jed Breed, founder of venture capital firm Breed, noted in a series of posts on X (formerly Twitter). Onchain data shows @CelsiusNetwork has sold $243M of ETH in the past 30 days:https://t.co/GHUR9iWIGc It seems this is why ETH has struggled to catch a bid in the recent run up. But why is Celsius doing this? I looked into the recent bankruptcy saga to find out why… A — Jed Breed (@JedBreed) December 20, 2023 On-chain data shows Celsius has sold approximately $243 million worth of ETH over the past month, raising concerns about its impact on t...

Dec 20, 2023 at 09:00 // Price Author Coin Idol After recent rises, the cryptocurrencies listed below are on the retreat. The worst performing altcoin of the previous week in the Analysis by Coinidol.com. Altcoins are at risk of further declines if they fall below moving average lines. The least fortunate cryptocurrencies are either in a trading range or trapped. FTX Token The price of FTX Token (FTT) has recovered from its previous decline. The price of the cryptocurrency rose above the support level of $1.12 and reached a high of $5.53. The positive momen...

Tron founder Justin Sun withdraws over 500B SHIB tokens from Binance, sparking market speculation. Meme Moguls’ MGLS token presale gains momentum, capturing investors’ attention. Shiba Inu’s price surge aligns with Justin Sun’s move, creating a symbiotic connection. In a surprising move, Tron founder Justin Sun recently withdrew a colossal amount of Shiba Inu (SHIB) tokens from Binance, valued at about $5.2 million. This transaction has stirred speculation within the crypto community, coinciding with a notable surge in the SHIB price. Meanwhile, a new player in the meme coin space, Meme Moguls, is capturing investors’ attention through its ongoing MGLS token presale. Let’s delve into the details surrounding these developments. Justin Sun’s Shiba Inu withdrawal sparks speculation Tron founder Justin Sun ’s wallet executed two substantial transactions, withdrawing approximately 500 billion SHIB from Binance. ...

In its 12th sanctions package against Russia, the EU is doubling down on crypto limitations for Russians. According to a Q&A on Dec. 18, the European Commission has imposed a new ban on Russian nationals and residents on Russian nationals and residents, preventing them from owning or controlling crypto service providers in response to Russia‘s military offensive against Ukraine, the announcement says. “EU sanctions fulfil the EU’s key objective, which is to continue to work for a just and lasting peace, not another frozen conflict.” The European Commission This regulatory move aims to tighten restrictions on the provision of crypto-asset wallet, account, or custody services to individuals in Russia. The comprehensive package also includes measures to curb circumvention, explicitly forbidding Russian nationals and residents from holding any positions on the governing bodies of entities offering such services. You might also like: Blockchain․co...

The Zilliqa blockchain network today encountered a significant technical disruption, impacting its block production.  As the technical team at Zilliqa delves into the issue to pinpoint and rectify the cause, the company has issued a cautionary recommendation to halt all deposits and withdrawals on the network. Block production is a vital process for the continuity and stability of any blockchain network. It involves the creation of new blocks that record and validate transactions. An interruption in this process can lead to delays in transaction processing and potentially impact the network’s overall functionality. Dear community, We are writing to inform you of a critical situation currently impacting the Zilliqa block chain network. The network is presently experiencing a technical issue that has resulted in an interruption to block production . This unexpected challenge is our top… — Zilliqa (@zilliqa) December 18, 2023 You might also like: HNT surges ...

Private credit experienced a notable surge of 55% this year amid elevated interest rates. Although crypto loans have risen to around $581 million, they remain below last year’s peak of nearly $1.5 billion. Blockchain protocols charge less than 10% for crypto loans, while traditional providers seek double-digit rates. Crypto-based loans have experienced a notable rebound of over 55% in 2023 as companies increasingly turn to blockchain-based financing amid elevated interest rates. The development was captured in a recent report by Bloomberg, noting that the resurgence marks a partial recovery from the crypto sector’s 2022 downturn. Citing data from RWA.xyz, a market intelligence platform monitoring on-chain protocols, the report noted that active private loans on blockchains had risen to $408 million by November 28. By press time, that figure had grown to approximately $581 million, per the latest numbers on RWA.xyz’s web app. The figure reflected the subs...

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The year 2024 is shaping up to be a landmark period for the cryptocurrency market. Significant transformations are on the horizon for blockchain and digital currencies, which are expected to be pivotal in shaping their trajectory. A key trend for the next 12 months is the widespread acceptance of cryptocurrencies paired with increased regulatory measures. Let’s explore the additional shifts anticipated within the sector. You might also like: Blockchain developers must pull crypto out of its money laundering peril | Opinion Bitcoin to set a new price record Bitcoin (BTC) is on the cusp of potentially setting new price benchmarks in 2024. Predictions suggest that Bitcoin’s value could soar to $60,000 or even higher. Multiple factors contribute to this optimistic forecast. For instance, the upcoming Bitcoin halv...

Dec 16, 2023 at 08:52 // Price Author Coin Idol According to the price action, the upward movement of Shiba Inu (SHIB) has come to an end after reaching a high of $0.00001017. Shiba Inu (SHIB) Price Long Term Prediction: Bullish The price of Shiba Inu has resumed its uptrend after retreating from the upswing on December 11. The market hit a low of $0.00000919 on Dec. 11 as bulls bought the dips. The market will rally to a high of $0.00001250 if SHIB breaks the $0.00001050 barrier. In addition, a candlestick body of the Dec. 6 rally tested the 61.8% Fibonacci ...

An anonymous crypto currency trader increased their holdings by approximately 10 times in one month , to $3.23 million . This facet was achieved by trading low-cap tokens, following a high-risk strategy that, this time, resulted in a favorable outcome. The achievement was first noticed by Lookonchain , who reported about it on X (formerly Twitter) on December 15. Notably, the anonymous trader started with $315,000 and achieved $2.98 million in digital assets when Lookonchain posted the story. The total assets of this trader increased from $315K to $2.97M in only one month. 1/ How did he do it? pic.twitter.com/M7dajQkMRn — Lookonchain (@lookonchain) December 15, 2023 However, the amount has already surpassed the $3.23 million at the time of publication and is continuously increasing. Finbold retrieved this data from Zerion , which shows a starting value of $346,186 one month ago, on November 15. Address: 0x0b6a06c07c58d13b6c725dbdb9cd1e2f6bac5527. Source: Zerion $2 millio...

Assessing the current market conditions, the pursuit of AVAX millionaire status requires a carefully devised strategy and timely execution. In the present market scenario, seizing the opportunity to acquire AVAX today is seen as a potential avenue for significant gains. However, a pertinent question arises: what quantity of AVAX is necessary to amass a million-dollar fortune? As per the latest market update, AVAX is currently valued at $42.40, with a trading volume of $3,242,885,115 within the past 24 hours. For those aspiring to achieve a $1 million portfolio with Avalanche priced at $50 per coin, the calculation is straightforward: divide the desired target of $1,000,000 by the coin price of $50, resulting in the acquisition of 20,000 AVAX. Also read: How Much XRP Do You Need to Become a Millionaire if Price Hits $1? How much AVAX do you need to become a millionaire if the price hits $50?  To determine the current cost of this strategic investment, multiply the quanti...

Crypto influencer CryptoWendyO weighed in on allegations leveled against Ripple regarding the defunct exchange Mt. Gox. Truth Labs drew a line of connection between Mt. Gox and Ripple Labs, both companies founded by Jed McCaleb.  The allegations claim Bitcoin rugged from Mt. Gox has been laundered in several projects, including Shiba Inu. In a recent video on YouTube, crypto influencer CryptoWendyO weighed in on allegations surrounding blockchain payments company Ripple Labs, the defunct Bitcoin exchange platform Mt. Gox, and popular meme coin network Shiba Inu.  Indeed, the revelations made by crypto sleuth TruthLabs in a post on X tie an intricate connection between Ripple, Mt. Gox, and Shiba Inu. Most profoundly, the accusations suggest the Bitcoins rugged from the crypto exchange have been laundered through Ripple and Shiba Inu, alongside several other projects.  In the center of the allegations, TruthLabs points at Mt. Gox founder Jed M...

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Celestia surges 29% in a week Cardano rakes in 41% in a week Rebel Satoshi presale ongoing Celestia (TIA) and Cardano (ADA) have recorded notable gains since the start of December. However, investors are increasingly asking whether they will maintain these gains and continue trending upward in 2024. Meanwhile, the presale for Rebel Satoshi (RBLZ), an upcoming meme coin, is ongoing. Celestia jumps 29% in a week Celestia has rallying over the past seven days. On Dec. 1, TIA was hovering at around $7.19. However, the Dec. 1 news of Celestia introducing an Ethereum (ETH) fallback option to solve potential delays or errors when recording layer-2 block data on the Celestia mainnet saw TIA start climbing.  The resulting bullish momentum saw TIA climb as high as $11.28 on Dec. 6. As the buzz around this news waned, TIA began correcti...

Coinbase has announced the launch of non-US spot markets for institutional investors. Eligible non-US institutional investors will access BTC/USDC and ETH/USDC as from December 14, 2023 on Coinbase International Exchange. The exchange plans to expand the product to retail investors in coming months. Crypto exchange Coinbase has announced an expansion of its non-US spot markets offering for institutional investors. Coinbase expands non-US spots markets to institutional investors In an announcement published December 13, the US-based crypto platform said it had launch ed spot trading markets for Bitcoin and Ethereum for eligible institutional clients using the Coinbase International Exchange.  The assets will be traded against USDC, with BTC/USDC and ETH/USDC available as from Thursday, December 14. Non-US institutional customers will be able to access these pairs via API. We are excited to announce the next phase of our Coinbase International E...

Shiba Inu (SHIB) has one of the most loyal and dedicated fan bases in the cryptocurrency space. However, despite its incredible popularity, SHIB’s price has taken a back seat in 2023. Since January, the token’s price has grown by about 19%. Meanwhile, Bitcoin’s (BTC) price has increased by around 150%, and Solana (SOL) has surged by over 500% in the same time frame. However, Shiba Inu (SHIB) is not the only one to suffer this year. Other memecoins, such as Dogecoin (DOGE), have also displayed lackluster performance in 2023. Also Read: Shiba Inu: SHIB Team Member Reveals Plans for 2024-2025 Nonetheless, some analysts anticipate a bull run for the crypto market next year. Firstly, BTC will undergo its next halving cycle in April 2024. Secondly, there is a high probability that the US SEC (Securities and Exchange Commission) will approve one or more spot BTC ETFs (Exchange Traded Funds). Both developments could propel the cryptocurrency market into a 2021-like bull run...

BNB Chain, the ecosystem attributed with the world’s largest smart contract blockchain, has unveiled the BNB Greenfield technology roadmap in a Dec. 12 announcement. This roadmap , tailored for web2 and web3 developers and users, pledges heightened performance, enhanced development experiences, and an expanded multichain platform. Capacity for higher volume Per a press release, key enhancements include a five-times surge in storage provider upload and download speeds—from 2MB per second to 100MB per second, respectively—significantly boosting the system’s capacity to handle a higher volume of transactions seamlessly. Additional Features will include introducing rich storage capabilities, encompassing resource tagging, indexing, simplified data migration, and an object atomic update. These enhancements look to provide a comprehensive solution for efficient data management within the BNB Chain ecosystem. The roadmap also outlines the implementation of account abstract...

Horizen Labs, Offchain Labs and Arbitrum Foundation have submitted an ApeCoin DAO proposal for ApeChain. The platform targets the blockchain gaming ecosystem and will be built using Arbitrum’s technology. ApeChain will utilise ApeCoin (APE) as the native gas token. In a recent proposal, Horizen Labs, Offchain Labs and the Arbitrum Foundation outlined plans for an ApeChain platform, part of the broader vision to support growth for the ApeCoin ecosystem. The price of ApeCoin (APE) was around $1.67 on Tuesday, down 0.2% in the past 24 hours. APE has struggled to mirror broader market gains in recent weeks and is up only 13% in the past 30 days. ApeChain targeted for gaming ecosystem  The ApeCoin DAO idea reveals that ApeChain will be developed using the Arbitrum technology with Horizen Labs spearheading the overall ecosystem growth. The ApeChain network will be an Orbit chain built using AnyTrust. “ We believe that leveraging Arbitrum’...