Month: December 2023

Bitcoin-focused initiative Babylon raised $18 million in a funding round led by Polychain Capital and Hack VC. Babylon operates as a marketplace, enabling bitcoin (BTC) as a staking asset for proof-of-stake chains to attract funding from the vast capital within the leading cryptocurrency. The secured funds will propel the advancement of Babylon’s staking protocol, as…

Crypto Analyst Credibull raises a cautionary note on Bitcoin prices, pinpointing the third wave’s support at $43K and forecasting a potential decline within the $41K to $39K range. This follows recent attempts by Bitcoin to breach $50K, reaching $45K. Addressing the possibility of Bitcoin surpassing $50K, Credibull observes positive movements, indicating the completion of a…

Bitwise Asset Management’s Chief Investment Officer, Matt Hougan, projects a bullish outlook for Bitcoin, envisioning new highs in the crypto landscape. Hougan underscores the evolving dynamics of the crypto market, spotlighting the pivotal role played by institutional investors and major financial entities. As Bitcoin maintains its upward trajectory, Hougan’s forecasts signal a transition from a…

Nate Geraci, host of ETF Prime podcast and co-founder of ETF Institute, suggested that JPMorgan might surprise the market by applying for a spot Bitcoin ETF with the U.S. SEC. This comes in contrast to JPMorgan CEO Jamie Dimon’s call for government intervention against crypto, claiming its primary use is for criminal activities. Geraci highlighted…

Two tokens associated with Geometric Energy Corporation, a space logistics and energy company, are surging ahead of their mission to launch DOGE-1, a satellite themed around Dogecoin, into lunar orbit. The scheduled launch date is January 12, using a SpaceX rocket from the Kennedy Space Center in the U.S. The company’s token, GEC, has more…

A federal judge, Richard Jones, accepted Binance founder Changpeng “CZ” Zhao’s guilty plea to a Bank Secrecy Act violation. However, the decision on whether Zhao can return to the United Arab Emirates before his February sentencing is pending. Despite stepping down as CEO, Zhao awaits sentencing scheduled for Feb. 23, 2024, with a release on…

At the recent Republican presidential debate, discussions included Bitcoin, SBF, ether, and SEC Chair Gensler. Pro-crypto candidate Vivek Ramaswamy emphasized the need for U.S. regulation to prevent fraud and sanctions violations in the crypto industry. Ramaswamy proposed reducing the SEC workforce, easing regulations, and treating most cryptocurrencies as commodities outside the SEC’s jurisdiction. Solana founder…

Binance’s new CEO, Richard Teng, faced a challenging debut in his first public interview, acknowledging past compliance shortcomings but evading inquiries on governance and crucial details. Despite persistent questioning by FT’s Scott Chipolina, Teng remained elusive, leaving unanswered queries about Binance’s headquarters, audit plans, current workforce, and UK licensing. Tensions rose as Teng, appearing remotely,…

IBM has launched the IBM Hyper Protect Offline Signing Orchestrator (OSO), a cryptographic signing technology designed for secure cold storage of digital assets. This technology mitigates risks associated with manual procedures by introducing additional security layers such as disconnected network operations, time-based security, and multi-stakeholder electronic transaction approval. Leveraging its expertise in key management and…

During Bitcoin’s surge to $44,000, option traders have adopted a bullish stance, anticipating a $50,000 price target by January 2024. Their optimism is tied to the potential approval of a spot Bitcoin ETF, expected within the first ten days of 2024. Greeks.Live, an options trading platform, notes fluctuations in BTC’s December options share. After surpassing…