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Jim Cramer Bearish At $40K: 'Unlikely That Bitcoin Finds Its Footing,' CramerTracker Replies: 'Legend, Thanks Jim!'
Monday, January 22, 2024 - 5:52pm | 559Jim Cramer thinks the Bitcoin (CRYPTO: BTC) price dip is not yet over. What Happened: The "Mad Money" host posted on social media: Unlikely that Bitcoin finds its footing — Jim Cramer (@jimcramer) January 22, 2024 In doing so, Cramer doubled down on his previous bearish...
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111 Countries Are Exploring CBDCs: Morgan Stanley Outlines How They Will Reshape Global Finance
Monday, January 22, 2024 - 12:18pm | 519Morgan Stanley is highlighting increasing interest in central bank digital currencies (CBDCs) in a recent report about the potential decline of the U.S. dollar's global dominance. What Happened: The bank's report suggests a significant trend toward...
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Betting On Bitcoin: SEC Opens Floor For Opinions On BlackRock ETF Options
Friday, January 19, 2024 - 5:56pm | 575The U.S. Securities and Exchange Commission (SEC) has opened the floor for public input regarding a Nasdaq proposal, which seeks to enable options trading on BlackRock's (NYSE: BLK) spot Bitcoin (CRYPTO: BTC) ETF. The public comment period, set to last for 21 days, was announced through a...
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Bitcoin ETFs Are A Bust One Week In: Why This Analyst Says 'R-E-L-A-X'
Friday, January 19, 2024 - 12:58pm | 813Like the first crypto-carrying moon lander, the first week of Bitcoin (CRYPTO: BTC) exchange-traded funds proved to be a bust. Two funds, BlackRock Inc. (NYSE: BLK) and ProShares, surpassed the $1 billion mark in assets under management, but the much-anticipated Bitcoin price surge remained...
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From Stagnant To Sizzling: Chainlink Heats Up On USDC Transfer Deal
Wednesday, January 17, 2024 - 4:54pm | 437Decentralized oracle network Chainlink (CRYPTO: LINK) is integrating Circle's Cross-Chain Transfer Protocol (CCTP) into its Cross-Chain Interoperability Protocol (CCIP). The goal is to facilitate the transfer of USD Coin (CRYPTO: USDC) across multiple blockchains, unlocking new...
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Sam Bankman-Fried's Mom And Dad Want FTX Lawsuit Dropped, Deny Wrongdoing
Wednesday, January 17, 2024 - 12:35pm | 425The legal representatives of Joseph Bankman and Barbara Fried have formally requested the dismissal of an action brought against them by the now-insolvent digital currency platform FTX (CRYPTO: FTT). The exchange's legal action aims to reclaim what it describes as illicitly transferred monies....
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From Casinos To 'Slaves': UN Report Details Tether's Role In Organized Crime
Tuesday, January 16, 2024 - 4:01pm | 506Tether (CRYPTO: USDT) plays a critical role in facilitating a "parallel banking system" utilized by organized crime groups. What Happened: According to the United Nations (UN), USDT has become a favored payment method for criminal activities, particularly in the illegal gambling sector in...
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Circle's IPO Aspirations: USDC Giant Prepares To Join The Ranks Of Wall Street
Thursday, January 11, 2024 - 9:55am | 413Circle Internet Financial, the entity responsible for the prominent stablecoin USDC (CRYPTO: USDC), announced its confidential filing for an initial public offering (IPO) in the United States. This move aligns with the company's ambition to transition into a publicly traded entity, Reuters...
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Solana Winter Coming? Whale Traders Target This Range For 'Great Entries For The Long Run'
Wednesday, January 10, 2024 - 3:10pm | 573Solana (CRYPTO: SOL), the star performer among altcoins in 2023, may see a significant dip shortly, according to prominent analysts. Some are eyeing a dip into the $70s as a potential long-term entry point. Pentoshi, a household name among crypto analysts, doubts whether Solana will drift to his...
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Bitcoin Dips Below $45,000 On ETF Approval False Start: 'There May Not Be A Huge Rally,' Warns Trading Firm
Wednesday, January 10, 2024 - 11:31am | 578A whirlwind of speculation and conflicting information surrounded the potential approval of a spot Bitcoin (CRYPTO: BTC) ETF this week, ultimately culminating in a muted market reaction that has analysts questioning the potential impact of this long-awaited regulatory milestone. The drama...
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Bitcoin Blasts Back: ETF Approval Dreams Fuel Surge To $47K
Monday, January 8, 2024 - 3:44pm | 529Bitcoin (CRYPTO: BTC) has surged past the $47,000 mark, a peak not seen since April 2022, fueled by expectations that U.S. regulators are on the brink of approving exchange-traded funds (ETFs) that directly invest in the cryptocurrency. Bitcoin made a high of $47,281 on Monday. ETF Applications...
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Inside The Mysterious $1.2M Bitcoin, Genesis Wallet Transfer: Who's Trying to 'Flush Satoshi Out?'
Monday, January 8, 2024 - 1:15pm | 524About $1.2 million worth of Bitcoin (CRYPTO: BTC) was recently transferred to the original Genesis wallet of crypto alias Satoshi Nakamoto. What Happened: As Jeremy Hogan, a partner at Hogan & Hogan, put it: "Someone just sent Satoshi's genesis wallet $1.2 mil. in BTC. Why?? The only...
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Financial Freedom Frontier: Crypto Takes Root In Honduras, Japanese Consumers Buy In
Monday, January 8, 2024 - 10:10am | 507Mercari, a leading Japanese e-commerce platform, and Próspera, a special economic zone in Roatan, Honduras, each announced meaningful Bitcoin integrations. Mercari announced it will start accepting Bitcoin (CRYPTO: BTC) payments in June 2024, a move facilitated through its...
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Crypto Carnage Looms: SEC Leans On Terraform Case To Hammer Coinbase, Binance
Thursday, January 4, 2024 - 6:05pm | 715The U.S. Securities and Exchange Commission (SEC) is utilizing a recent victory in its case against Terraform Labs to bolster its ongoing legal battles with major cryptocurrency exchanges Binance (CRYPTO: BNB) and Coinbase Global Inc. (NASDAQ: COIN) In a legal document related to its lawsuit...
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Stablecoin Mayhem Rocks Crypto Market: USDC/USDT Plunges More Than 20 Cents Before Stabilizing
Wednesday, January 3, 2024 - 4:02pm | 384Major stablecoins experienced a temporary de-peg following the price drop in the cryptocurrency markets. The USDC/USDT trading pair, typically known for its stability, witnessed a dramatic de-peg on Binance, plunging to $0.76 and $0.8 at 20:00 and 20:15 UTC+8, respectively, before...