Coinatory

Dispread, a Korean company at the forefront of web3 and blockchain technology, has formed a strategic alliance with Arbitrum, a leading second-layer solution for Ethereum, as announced in a press release on February 29. Dispread aims to leverage this partnership to offer research materials and development guides, paving the way for Arbitrum to foster a robust development community within the Korean market by addressing the language and cultural hurdles Korean developers often encounter. This collaboration seeks to bolster Arbitrum's footprint in Korea, aiming to provide Korean developers and businesses with a frictionless development landscape. In related news, the decentralized finance (DeFi) sector has witnessed its Total Value Locked (TVL) hitting a 20-month peak, with Ethereum leading the pack. Arbitrum stands out as the Read more about Arbitrum to Expand Korean Market Presence Through Dispread Collaboration #Adoption, #Altcoin, #Bitcoin, #Blockchain, #Cryptomarket, #Cryptonews

In the midst of a surging market, Coinbase's platform encountered a significant malfunction, leading to users discovering their balances displayed as 'zero.' The incident has sparked a wave of anger across social media platforms, with cryptocurrency enthusiasts unable to access their assets on this foremost U.S. trading platform. Furthermore, there have been reports of glitches in executing trades, adding to the general discontent. Coinbase promptly addressed the issue, stating that an investigation was underway. The platform also pointed out extensive delays in transactions over the Ethereum ERC-20 network. Some speculate that this disruption could be a deliberate tactic by the exchange to mitigate rapid sell-offs, especially as key cryptocurrencies like Bitcoin and Ethereum experienced notable surges, with Bitcoin momentarily Read more about Coinbase Exchange Suffers Outage Amid Market Surge #Bitcoin, #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Ethereu

Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious00:302 pointsPrivate New Capital Expenditure (QoQ) (Q4)0.4%0.6%00:302 pointsRetail Sales (MoM) (Jan)  1.6%-2.7%05:002 pointsBoJ Core CPI (YoY)2.5%2.6%13:302 pointsContinuing Jobless Claims1,874K1,862K13:303 pointsCore PCE Price Index (MoM) (Jan)0.4%0.2%13:303 pointsCore PCE Price Index (YoY) (Jan)2.8%2.9%13:303 pointsInitial Jobless Claims209K201K13:302 pointsPCE Price index (YoY) (Jan)2.4%2.6%13:302 pointsPCE price index (MoM) (Jan)0.3%0.2%13:302 pointsPersonal Spending (MoM) (Jan)0.2%0.7%14:453 pointsChicago PMI (Feb)48.046.015:002 pointsPending Home Sales (MoM) (Jan)1.0%8.3%15:502 pointsFOMC Member Bostic Speaks ------------------16:302 pointsAtlanta Fed GDPNow (Q1)  3.2%3.2%18:152 pointsFOMC Member Mester Speaks  ------------------21:302 pointsFed's Balance Sheet---------7,582B Read more about Upcoming economic events 29 February 2024 #ECONOMICEVENTS, #Forecast, #UPCOMINGEVENTS

In a new development in the legal battle between the SEC and Ripple Labs, the SEC has proposed pushing back the deadlines for submitting briefs on remedies in the case. The request was submitted to Judge Analisa Torres of the Southern District of New York, with a suggestion to move the SEC's opening brief deadline to March 22. This is the first time either side has requested more time for this phase of the case, and Ripple has agreed to the suggested changes in the schedule. The SEC's need for an extension stems from requiring more time to go through recently obtained documents and to prepare for the remedies phase of the briefing. This follows a resolution of a disagreement over discovery scope between Ripple and the SEC on Feb. 5, which resulted in Magistrate Judge Netburn granting an additional week for the initial Read more about Ripple vs SEC: Deadline Extension Proposed #Altcoin, #Bitcoin, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday

Ethereum has announced the successful implementation of its Dencun update across all testnets, with a scheduled deployment on the Ethereum mainnet for March 13th. This upgrade is set to bring about numerous improvements aimed at enhancing the network's performance and scalability. Among these improvements, the most significant is the adoption of EIP-4844, also known as protodanksharding. This innovation marks a pivotal development in Ethereum's scalability enhancement efforts by introducing temporary data blobs, which are expected to drastically lower transaction fees on Layer 2 (L2) solutions. To put it simply, EIP-4844 functions similarly to adding additional lanes to an overcrowded freeway. With Ethereum's network often becoming congested, leading to high costs and slow transaction speeds during peak times, the integration of Read more about Ethereum Gears Up for Scalability Leap with Dencun Upgrade for March 13th #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Dencun

Crypto trading platform OKX has unveiled a new service tailored for the Turkish market, providing trading options pegged to the Turkish Lira. OKX's executive Hong Fang highlighted the pivotal role of Turkey in the cryptocurrency landscape, pointing out the country's notable adoption rates and trading activities. "Turkey holds a unique and significant position in our strategy due to its advanced level of cryptocurrency engagement and substantial trading volumes," Fang commented during a discussion. Fang drew attention to Turkey's economic hurdles, such as high inflation rates, which have positioned cryptocurrency as an essential financial tool for numerous citizens. In response to potential concerns about disenfranchising users, the Turkish authorities have adopted a flexible approach towards cryptocurrencies, fostering Read more about OKX Expands Crypto Trading Services to Turkey #Altcoin, #Bitcoin, #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #N

Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious00:302 pointsConstruction Work Done (QoQ) (Q4)0.6%1.3%01:003 pointsRBNZ Interest Rate Decision5.50%5.50%01:002 pointsRBNZ Monetary Policy Statement------------------01:002 pointsRBNZ Rate Statement ------------------02:002 pointsRBNZ Press Conference------------------13:303 pointsGDP (QoQ) (Q4)3.3%4.9%13:302 pointsGDP Price Index (QoQ) (Q4)1.5%3.3%13:302 pointsGoods Trade Balance (Jan) -88.40B-87.89B13:302 pointsRetail Inventories Ex Auto (Jan)---------0.4%14:002 pointsECB McCaul Speaks ------------------15:303 pointsCrude Oil Inventories1.800M3.514M15:302 pointsCushing Crude Oil Inventories---------0.741M17:002 pointsFOMC Member Bostic Speaks ------------------17:452 pointsFOMC Member Williams Speaks  ------------------19:102 pointsRBNZ Gov Orr Speaks  ------------------23:502 points Read more about Upcoming economic events 28 February 2024 #ECONOMICEVENTS, #Forecast, #UPCOMINGEVENTS

OpenSea, a frontrunner in the NFT marketplace, recently excised the Ethereum NFT pass linked to the Fractional Uprising initiative, pointing to a breach of its guidelines on securities and derivatives. Decrypt has highlighted that the Fractional Uprising collective has contested this allegation, maintaining that their NFT does not serve as an offer of securities. In a pointed response via a tweet, accompanied by a video snippet, Fractional Uprising aired their grievances over OpenSea's move to deactivate their collection. They observed that despite their project's ongoing presence on the platform, its trading and listing capabilities have been put on hold.The developer community has raised issues concerning OpenSea's opaque and inconsistent communication methods. Spokespersons for Fractional Uprising have lamented the lack of a Read more about OpenSea Excludes Ethereum NFT Pass Amid Policy Violations #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #NFT, #NFTMarket,

Under the leadership of Michael Saylor, MicroStrategy has expanded its Bitcoin holdings as the cryptocurrency's value surged from approximately $41,000 at the start of February to beyond $50,000 by the month's end. The firm added another 3,000 Bitcoin (BTC) to its portfolio, investing roughly $155 million at an average acquisition cost of $51,813 per BTC in this latest purchase. Under Saylor's guidance, the company's total Bitcoin assets now stand at 193,000 units, positioning it as a major holder of the cryptocurrency. Originally acquiring BTC at an average rate of $31,544, MicroStrategy has invested about $6 billion in its cryptocurrency assets, which are now valued at nearly $10 billion at current market rates. This positions the company with over $4 billion in profit from its Bitcoin investments, making it one of the largest Read more about MicroStrategy Acquires Additional 3000 Bitcoin, Investing $155 Million #Bitcoin, #Blockchain, #BTC, #Cryptocurrency, #Cryptomar

Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious13:303 pointsCore Durable Goods Orders (MoM) (Jan)0.2%0.6%13:302 pointsDurable Goods Orders (MoM) (Jan)-4.7%0.0%14:002 pointsS&P/CS HPI Composite - 20 n.s.a. (YoY) (Dec)6.0%5.4%14:002 pointsS&P/CS HPI Composite - 20 n.s.a. (MoM) (Dec)----------0.2%15:003 pointsCB Consumer Confidence (Feb)114.8114.816:302 pointsAtlanta Fed GDPNow (Q1)  2.9%2.9%18:002 points7-Year Note Auction---------4.109%21:302 pointsAPI Weekly Crude Oil Stock---------7.168M Read more about Upcoming economic events 27 February 2024 #ECONOMICEVENTS, #Forecast, #UPCOMINGEVENTS

Currently, Worldcoin (WLD) is experiencing a remarkable trading value of $8.85, marking a significant increase of over 253% in just the past two weeks. This impressive growth can be attributed to multiple factors: The debut of Sora, a groundbreaking platform by OpenAI that transforms written text into highly realistic video content. Notably, Sam Altman, a co-founder of Worldcoin, plays a pivotal role at OpenAI as both CEO and co-founder. A notable transaction was observed where a prominent investor's wallet acquired a considerable volume of WLD tokens, worth $5.82 million, from Binance, adding to the token's bullish momentum. The investment firm Alameda Research disclosed holding $167 million in WLD tokens, which represents 19% of the total tokens in circulation. This substantial stake has ignited speculation and Read more about Worldcoin's Meteoric Rise: Innovations, Investments, and International Expansion Amid Regulatory Hurdles #Cryptocurrency, #Cryptomarket, #Cryptonew

Pro-crypto political action committees (PACs) have successfully gathered $80 million in support of candidates who advocate for favorable cryptocurrency policies and innovation. Reported by Politico, three significant PACs — Fairshake, Protect Progress, and Defend American Jobs — have received substantial backing from leaders in the cryptocurrency sector such as Coinbase, Ripple, and Andreessen Horowitz, demonstrating their commitment to influencing the political landscape. These funds are actively being deployed. For instance, in West Virginia, Defend American Jobs, a group supported by cryptocurrency funding, contributed $1.5 million to support Governor Jim Justice's campaign. Governor Justice, praised by former President Donald Trump for his dedication to various conservative initiatives, has intertwined his Senate campaign w Read more about Crypto Titans Unleash $80 Million in Political Arena to Forge Pro-Innovation Future #Blockchain, #Crypto, #Cryptocurrency, #Cryptomarket, #C

Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious08:002 pointsBuilding Permits1.470M1.493M10:002 pointsNew Home Sales (MoM) (Jan)---------8.0%10:003 pointsNew Home Sales (Jan)675K664K13:002 points2-Year Note Auction---------4.365%13:002 points5-Year Note Auction---------4.055%18:302 pointsNational Core CPI (YoY) (Jan)1.8%2.3% Read more about Upcoming economic events 26 February 2024 #ECONOMICEVENTS, #Forecast, #UPCOMINGEVENTS

In a pivotal strategy shift, the cryptocurrency asset management powerhouse, Grayscale, has executed a transfer of 3,443.1 Bitcoin to a Coinbase-affiliated wallet, a move valued at upwards of $175 million. This transfer unfolded through five distinct transactions directed at Coinbase Prime, a service tailored to meet the institutional demand for liquidity. This action has ignited widespread attention across both the financial and crypto spheres, highlighting Grayscale's capacity to sway market trends significantly. At a juncture where the crypto market witnesses fluctuations alongside growth, Grayscale's decision to relocate a substantial Bitcoin volume to a platform known for liquidity potentially signals a sale during a volatile yet growing market phase. Despite a recent 2.65% decline over the last three days, Bitcoin's valuation Read more about Grayscale Transfers $175 Million in Bitcoin to Coinbase #Bitcoin, #Blockchain, #Coinbase, #Cryptocurrency, #Cryptomarket, #Crypt

The Shiba Inu (SHIB) team has recently raised an alarm regarding an increase in scam activities, coinciding with the launch of their latest SHEboshi token. In a communication dated Feb. 24 on platform X, Shiba Inu's marketing leader, Lucie, voiced concerns for SHIB stakeholders, highlighting the misleading strategies used by scammers. She pointed out that following the successful roll-out of SHEboshi, which combines the advantages of ERC-20 and ERC-721 tokens under the DN404 standard, investors have become the prime targets of fake giveaways. Lucie emphasized that Shiba Inu is not conducting any giveaways and warned that any claims suggesting otherwise are scams. She advised investors to verify any promotional claims through Shiba Inu's official channels on Telegram and Discord. She also shared tips to help the community Read more about Shiba Inu Team Warns of Rising Scam Attempts Following SHEboshi Token Launch #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #Regulati

Recent findings from CoinGecko, a cryptocurrency data aggregator, show that those who held onto airdropped crypto tokens for over 14 days often missed the chance to sell at the token's highest price nearly half of the time. Since 2020, the excitement around airdrops has surged. The primary method to receive these free tokens involves engaging in activities related to the launch of new blockchain networks or through promotional efforts. On February 1, Cointelegraph shared a story about a seventeen-year-old cryptocurrency investor who reportedly earned over $1 million from an airdrop on the Solana-based platform, JUP. CoinGecko's recent analysis reveals that in the past four years, around 46% of the top 50 crypto token airdrops, including well-known ones like Ethereum Name Service, Blur, and LooksRare, saw their highest values Read more about CoinGecko Report: The Risk of Holding Airdropped Tokens Too Long #Adoption, #Altcoin, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Et

Binance Holdings Ltd. has been mandated to remit $4.3 billion as part of a plea agreement sanctioned by District Judge Richard Jones, representing one of the most significant criminal fines in the annals of U.S. legal history. This resolution stems from Binance, the globe's premier cryptocurrency exchange, and its creator, Changpeng Zhao, admitting culpability to allegations of breaching anti-money laundering statutes and sanctions, including dealings with Hamas and other designated terrorist organizations. Declared in Seattle, the settlement additionally requires a period of up to five years of oversight on compliance, to be conducted by an external agency, which might be selected from the reputable New York-based Sullivan & Cromwell law firm. Judge Jones remarked on the occasion, highlighting that the firm's ethical Read more about Binance Settles for $4.3 Billion in Landmark Legal Penalty #Binance, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #CZ, #HangpengZhao, #Ne

The Supreme People's Procuratorate of China has declared its intent to intensify efforts against individuals exploiting blockchain and metaverse technologies for illegal purposes. During a press conference on February 23, spokesperson Li Xuehui highlighted a surge in blockchain and metaverse-related cybercrimes, pointing out that cryptocurrency laundering has emerged as a prominent method for transferring illegal funds. Zhang Xiaojin, who leads the Fourth Procuratorate, warned of deceptive "low risk, high return" investment schemes that have infiltrated the local cryptocurrency market, advising the public and digital asset stakeholders to stay vigilant against evolving fraudulent tactics, including the "pig butchering" scam. This scam involves gaining the trust of a victim to invest in a fraudulent digital asset project, only for the Read more about China Intensifies Crackdown on Blockchain and Metaverse Misuse Amid Rising Cybercrime #China, #Cryptocurrency, #Cr

Steven McClurg, the Chief Investment Officer at Valkyrie, has shared his view that the approval of a spot Ethereum ETF might still be a year or two away, despite the interest from major firms like Fidelity and BlackRock in launching such ETFs. Currently, Valkyrie isn't pursuing an ETF themselves. The crypto sector has been buoyed by the recent success following the U.S. Securities and Exchange Commission's (SEC) approval of the first spot Bitcoin ETFs in the country, which have attracted substantial investments since their debut. However, the prospects for a spot Ethereum ETF appearing anytime soon seem slim. McClurg noted in an interview that launching the spot Bitcoin ETF involved considerable effort from both the firms involved and regulators, including the SEC, due to the novelty of the asset class and the learning curve Read more about Spot Ethereum ETF: A Year or Two Away, Says Valkyrie CIO McClurg #Adoption, #Altcoin, #Bitcoin, #Cryptocurrency, #Cryptomarket, #Cryptonews

The Law Commission of England and Wales has embarked on a consultation process to explore the idea of recognizing cryptocurrencies and NFTs (non-fungible tokens) as forms of property under proposed new laws. In a statement by the independent statutory body, it was highlighted that there is potential for crypto tokens and NFTs to be granted property rights. The commission is inviting responses from the public until March 22 to advance this proposal. The commission emphasized the critical role of property rights in scenarios such as bankruptcy or illegal interventions, pointing out the distinct challenges posed by digital assets. Digital assets, which differ from traditional tangible assets or those based on rights like debts and financial securities, challenge the traditional categories of personal property, prompting a Read more about UK Law Commission Seeks Public Input on Recognizing Cryptocurrencies and NFTs as Property #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #NFT,

Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious00:352 pointsFed Waller Speaks------------------10:002 pointsEurogroup Meetings------------------18:002 pointsU.S. Baker Hughes Oil Rig Count---------49718:002 pointsU.S. Baker Hughes Total Rig Count---------621 Read more about Upcoming economic events 23 February 2024 #ECONOMICEVENTS, #Forecast, #UPCOMINGEVENTS

In the lead-up to South Korea's national elections scheduled for April, both the ruling and opposition factions are actively engaging the electorate with policy proposals favorable to cryptocurrency. South Korea, a nation characterized by its vigorous cryptocurrency trading activity, stands on the brink of influencing the international crypto market in a significant way through these election commitments. Reports from a variety of domestic sources indicate that the People Power Party, currently in governance, has pledged to investigate the viability of Bitcoin ETFs that are traded on the spot market. This party has unveiled intentions to establish a committee dedicated to the advancement of digital assets, which will be responsible for proposing new laws and regulatory actions. Furthermore, it has declared a focus on developing Read more about South Korea's Political Frontrunners Embrace Pro-Crypto Policies Ahead of April Elections #Cryptocurrency, #Cryptomarket, #Cryptonewstod

In a Bloomberg interview on February 20th, Ripple's Chief Executive Officer Brad Garlinghouse voiced his support for the establishment of a fund based on XRP that is traded on exchanges (ETF). Garlinghouse underscored the significance of investment diversification, drawing parallels between the nascent cryptocurrency sector and the stock market's early days. He proposed that, akin to the stock market where investors diversify their portfolios across various assets rather than concentrating on a single stock, the crypto market is poised for the introduction of more ETFs. This development would enable a wider spread of risk. He did not delve into details about any ongoing negotiations with issuers concerning an XRP ETF. The conversation also covered the significant impact of the U.S. Securities & Exchange Commission’s (SEC) g Read more about Ripple CEO Advocates for XRP ETF #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Regulations, #Xrp, #XRPETF

Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious00:302 pointsau Jibun Bank Japan Services PMI  ---------53.107:302 pointsECB Supervisory Board Member Fernandez-Bollo Speaks  ------------------09:002 pointsHCOB Eurozone Manufacturing PMI (Feb)  47.046.609:002 pointsHCOB Eurozone Composite PMI (Feb)  48.547.909:002 pointsHCOB Eurozone Services PMI (Feb)  48.848.409:252 pointsECB Supervisory Board Member Tuominen Speaks  ------------------10:002 pointsCore CPI (YoY) (Jan)3.3%3.4%10:003 pointsCPI (YoY) (Jan)2.8%2.9%10:002 pointsCPI (MoM) (Jan)-0.4%0.2%12:302 pointsECB Publishes Account of Monetary Policy Meeting  ------------------13:302 pointsContinuing Jobless Claims1,885K1,895K13:303 pointsInitial Jobless Claims218K212K14:453 pointsS&P Global US Manufacturing PMI (Feb)  50.550.714:452 pointsS&P Global Composite PMI (Feb)  -- Read more about Upcoming economic events 22 February 2024 #ECONOMICEVENTS, #Forecast, #UPCOMINGEVENTS

Singapore has launched a $1 billion funding program to boost its artificial intelligence (AI) initiatives, aiming to become the foremost AI hub in Southeast Asia. This funding effort is anchored in the National AI Strategy 2.0 and seeks to embed machine learning across key sectors such as finance, healthcare, manufacturing, and education, enhancing the nation's digital economy. A portion of this investment will focus on providing Singaporean workers with the necessary AI skills to thrive in an evolving job market. Moreover, the funds will support the growth of both local AI startups and international companies, enriching the domestic talent landscape. A crucial part of the investment will ensure Singapore's access to cutting-edge semiconductor technology, essential for staying competitive in the global market. Singapore Read more about Singapore's $1 Billion Leap into AI Leadership #Adoption, #Altcoin, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Ethereum, #News, #Reg

MetaMask now automatically incorporates Blockaid's security notifications to shield its users from harmful transactions. This newly implemented feature, the result of a partnership with the security enterprise Blockaid, is operational across several blockchain platforms such as Ethereum (ETH), Linea, BNB Chain (BNB), Polygon (MATIC), Arbitrum (ARB), Optimism (OP), and Avalanche (AVAX), expanding from its initial launch on Ethereum in January 2024. Dan Finlay, a co-founder of the company, highlighted, “Integrating these security alerts as a standard feature marks a significant advancement in maintaining MetaMask's position as a leader in secure, self-custodial cryptocurrency wallets, catering to both novices and seasoned users alike.” This move to integrate security alerts by default is a forward-looking approach aimed at alerting use Read more about MetaMask Elevates User Protection with Blockaid's Security Alerts Across Multiple Blockchains #Cryptocurrency, #Cryptomarket,

An international coalition dedicated to fighting cybercrime has successfully dismantled the infrastructure of LockBit, a notorious ransomware network with global reach. This strategic operation led to the seizure of the syndicate's command and control systems, dealing a critical hit to the operations of LockBit. Key agencies such as the NCA, FBI, Europol, and a collective of global law enforcement bodies played pivotal roles in this achievement. LockBit has been infamous for orchestrating some of the most significant cyberattacks and ransomware extortion schemes in recent history, targeting entities like Bangkok Airways, Accenture, and various Canadian Government Services. In a notable incident in November, the syndicate attacked Capital Health, which manages two major hospitals and numerous other healthcare facilities in the United Read more about International Coalition Strikes Major Blow Against LockBit Ransomware Syndicate #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Lock

Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious00:302 pointsWage Price Index (QoQ) (Q4)0.9%1.3%08:002 pointsEuropean Central Bank Non-monetary Policy Meeting  ------------------10:252 pointsECB Supervisory Board Member Fernandez-Bollo Speaks  ------------------13:002 pointsFOMC Member Bostic Speaks  ------------------15:102 pointsECB Supervisory Board Member Tuominen Speaks  ------------------18:002 points20-Year Bond Auction---------4.423%18:002 pointsFOMC Member Bowman Speaks  ------------------19:003 pointsFOMC Meeting Minutes  ------------------21:302 pointsAPI Weekly Crude Oil Stock---------8.520M Read more about Upcoming economic events 21 February 2024 #ECONOMICEVENTS, #Forecast, #UPCOMINGEVENTS

Recent reports indicate a resurgence of interest among smaller cryptocurrency investors, who are gravitating towards platforms like Robinhood and Coinbase, following a 25% increase in Bitcoin's value over the past month. A Bloomberg article highlights this trend, pointing out that while these "mom-and-pop" investors are re-entering the crypto space, their activity levels haven't reached the heights seen in the previous boom. Both Robinhood and Coinbase have recently shared upbeat earnings reports. Coinbase, in particular, revealed a significant jump in both revenue and user numbers, marking its first profitable quarter in two years, which led to a sharp rise in its stock price. Kyle Doane, a trader at Arca, shared with Bloomberg that there are indications of retail investors dipping their toes back into the market, albeit not at Read more about Small Investors Flock Back to Crypto as Bitcoin Soars 25% #Adoption, #Altcoin, #Bitcoin, #Blockchain, #Cryptocurrency, #Crypt

In the past week, Worldcoin's value has experienced a remarkable 200% increase, positioning it as a potential financial cushion for the investors of the troubled entities Three Arrows Capital and FTX, despite potential market volatility from upcoming token releases. Worldcoin's WLD token hit a record peak of $7.40 on February 19, driven by the debut of a cutting-edge artificial intelligence tool from Sam Altman's OpenAI. Altman, a key figure at both Worldcoin and OpenAI—known for the innovative text-to-video technology Sora—has seen his ventures gain traction following the tool's introduction, even though Worldcoin and Sora operate independently. Recent reports highlight WLD's price surge post-Sora's introduction. Notably, Worldcoin has seen its value bolstered by early investment from two bankrupt cryptocurrency firms, which ama Read more about Worldcoin's Meteoric Rise: A Potential Lifeline for Crypto Investors Amid Token Volatility #Cryptocurrency, #Crypt

Bitcoin and Ethereum spearheaded the wave of cryptocurrency liquidations, with the fallout impacting over 54,000 traders by erasing their leveraged positions as the market's valuation approached $2.1 trillion. According to CoinGlass, the digital currency sphere saw more than $145 million in liquidations within a 24-hour span across various trading platforms. With many investors betting on a price drop, short positions accounted for $91 million of these liquidated trades. Despite these setbacks, the overall market capitalization of cryptocurrencies experienced a 1.2% increase, as reported by CoinGecko, negating the bearish wagers. The most significant single liquidation involved a $4 million stake in Bitcoin paired with USDT on Binance, the leading cryptocurrency exchange. Between Bitcoin and Ethereum, traders collectively Read more about Bitcoin and Ethereum Lead Market Resurgence with High Liquidation Volume #Bitcoin, #BTC, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #ETH, #

Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious00:302 pointsRBA Meeting Minutes ------------------01:452 pointsPBoC Loan Prime Rate3.45%3.45%15:002 pointsUS Leading Index (MoM) (Jan)-0.2%-0.1%21:452 pointsPPI Input (QoQ) (Q4)---------1.2%23:502 pointsAdjusted Trade Balance-0.23T-0.35T23:502 pointsExports (YoY) (Jan)9.5%9.7%23:502 pointsTrade Balance (Jan)---------68.9B Read more about Upcoming economic events 20 February 2024 #ECONOMICEVENTS, #Forecast, #UPCOMINGEVENTS

U.S. legal authorities have mandated rigorous regulatory measures for the Binance cryptocurrency exchange, suggesting oversight for a duration of up to five years. This directive follows Binance's acknowledgment of its failure to comply with U.S. regulations against money laundering and adherence to sanctions, agreeing to a hefty fine potentially amounting to $4.3 billion. Reported by Bloomberg, these oversight strategies were outlined in a sentencing document submitted to a Seattle federal court by the prosecutors. The aim is to guarantee Binance's compliance with legal norms and to set a precedent for regulatory adherence within the wider cryptocurrency industry. Highlighting the gravity of Binance's infractions, including transactions facilitated for entities such as Hamas, prosecutors are advocating for stringent consequences, Read more about Binance Faces Intensive Oversight: U.S. Prosecutors Propose Five-Year Monitoring #Binance, #Blockchain, #Cryptocurrency, #Cryptom

Robert Kiyosaki, the celebrated author of "Rich Dad Poor Dad," anticipates a significant upheaval within the U.S. economic landscape, predicting substantial upticks in the value of Bitcoin (BTC) and silver, contrary to gold which he believes will plummet below $1,200. He advocates for an increased adoption of Bitcoin. Using the platform X, Kiyosaki has voiced concerns regarding the U.S. economy's stability and the viability of U.S. bonds. He predicts a downturn for gold, potentially dipping below $1,200, while foreseeing notable appreciations for silver and Bitcoin. This perspective aligns with his prior warnings about an impending "biggest crash in history" detailed in his book 'Rich Dad’s Prophecy'. Kiyosaki criticized the financial planning industry's slow acknowledgment of physical assets, attributing this lag to the allure o Read more about Robert Kiyosaki Predicts Economic Shift #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #Regulati

The insolvent digital currency enterprise, Celsius, has earmarked crypto assets valued at $2 billion for distribution among a multitude of its creditors. This allocation, executed via PayPal and Coinbase, is a crucial component of Celsius Network's comprehensive approach to fulfilling its financial commitments to creditors. Celsius progresses with creditor repayment efforts following a noteworthy update in a legal document by Kirkland & Ellis, the esteemed law firm from Chicago guiding Celsius. This update comes on the heels of Celsius's announcement of its recovery from insolvency, a journey that began in July 2022. Kirkland & Ellis revealed that U.S.-based cryptocurrency owners receive their distributions through PayPal, whereas Coinbase acts as the conduit for recipients abroad. The legal advisors have verified the Read more about Celsius Network Initiates $2 Billion Crypto Distribution to Creditors in Post-Bankruptcy Recovery Effort #Celsius, #Cryptocurrency, #Crypt

The investment management giant, BlackRock, has sparked curiosity among cryptocurrency enthusiasts with hints of potentially introducing an ETF based on XRP. Though the company has not officially announced an immediate plan to file for a spot XRP ETF, speculative buzz has grown due to suggestive remarks made by its CEO, Larry Fink, along with the firm's participation in proposals for other cryptocurrency ETFs. The ongoing legal confrontation between the SEC and Ripple, the entity behind XRP, casts a shadow of uncertainty over the approval of such an ETF in the near future. In a notable legal development in July 2023, a judgment was passed by a judge in the SEC's lawsuit, distinguishing XRP's classification as a non-security when traded on retail exchanges, yet considering it a security in institutional transactions. This lawsuit is Read more about BlackRock Fuels Speculation on XRP ETF Amid Legal Uncertainties #BlackRock, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #N

In just a little over a month since getting the green light from the US Securities and Exchange Commission (SEC), Bitcoin ETFs have quickly picked up steam in the market, giving a tough challenge to the longstanding dominance of gold ETFs. Bitcoin ETFs Make Strides Against Gold ETFsThe swift ascent of Bitcoin ETFs has led to a convergence in asset values, with BTC ETFs narrowing the gap with gold ETFs. Bitcoin ETFs have amassed around $37 billion in assets in just 25 trading days, while gold ETFs have gathered $93 billion over the span of more than 20 years of trading. In this context, Bloomberg’s Senior Commodity Strategist, Mike McGlone, highlights the changing landscape, remarking, “Tangible Gold is Losing Luster to Intangible Bitcoin.” McGlone points out that the ongoing resilience of the US stock market, the strength of th Read more about Gold vs. Bitcoin: Shifting Tides in ETFs #Altcoin, #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #Regulations

Coinbase International Exchange is set to expand its services by introducing futures for Polkadot, Internet Computer, and NEAR Protocol. Beginning at 10 a.m. UTC on February 22 or thereafter, markets for DOT-PERP, ICP-PERP, and NEAR-PERP will be available, broadening the spectrum of trading opportunities. This development is in response to the rising trend in ether derivatives trading, as reported by CoinGlass, which saw the cumulative open interest for ETH futures exceed $10.1 billion. In a similar vein, Derebit reported an all-time high in open interest for ether perpetual futures contracts, with figures crossing the $690 million mark. Perpetual contracts, characterized by their lack of expiry date, allow for indefinite position holding, thereby providing a fluid trading landscape. The increase in open interest along with Read more about Coinbase International to Launch Futures for Polkadot #Coinbase, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Futures, #News, #Polkadot, #Regu

Executives from Coinbase and Circle have urged U.S. regulators to take more decisive action against Tether and other offshore cryptocurrency companies that do not adhere to regulatory standards. In a meeting with the House Financial Services Committee, Coinbase's lead for Financial Crimes Legal, Grant Rabenn, highlighted the exploitation of foreign crypto platforms by criminals to circumvent the stringent anti-money laundering (AML) regulations enforced on U.S.-based exchanges. Rabenn pointed out that while the Office of Foreign Assets Control (OFAC) has sanctioned a mere 560 cryptocurrency addresses, Coinbase's investigations have identified over eight million addresses associated with nefarious activities. He attributed the facilitation of crypto-related crimes and money laundering in the U.S. to offshore exchanges and called Read more about Coinbase and Circle Leaders Demand Stronger U.S. Action Against Tether #Bitcoin, #Blockchain, #Circle, #Coinbase, #Cryptocurrency, #Cryp

The introduction of spot bitcoin exchange-traded funds (ETFs) in January has proven beneficial for Bitcoin mining stocks, contrary to predictions by some analysts. Since their launch on January 10, 2024, these ten spot bitcoin ETFs have collectively amassed over $36 billion in assets under management (AUM), marking an extraordinary level of inflows that could be considered one of the most remarkable in ETF history. This surge in activity has propelled bitcoin's price to reach $50,000 this week, a milestone not seen since December 2021. The success of bitcoin tends to bode well for publicly traded bitcoin miners. Among the 12 largest public bitcoin miners by market capitalization, nine have recorded double-digit gains over the past month, with all but four surpassing bitcoin's own price appreciation. Following the wave of Bitcoin Read more about Spot Bitcoin ETFs Drive Mining Stocks' Success #Altcoin, #Bitcoin, #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #

Kaiko, a platform specializing in crypto market analysis, has recently released a comparative analysis focusing on two prominent cryptocurrency exchanges, Binance and OKX. This analysis sheds light on various metrics, particularly liquidity, allowing cryptocurrency enthusiasts to discern that Binance holds a stronger position in terms of liquidity compared to OKX. One significant metric highlighted on Kaiko's website is the "Market Share of Volume," which serves as a key indicator for assessing relative volume and liquidity across multiple cryptocurrency exchanges. This metric is further divided into segments, including market share by volume in the United States, where Binance Global and OKX are not included in the global market share calculation. Notably, BinanceUS captured a mere 0.63% of the volume in this segment, while Read more about Kaiko Analysis: Binance vs OKX Liquidity Comparison #Altcoin, #Bitcoin, #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday

This week, Coinbase Global Inc. saw a notable surge in its stock value, rising by 17%, buoyed by a series of optimistic reevaluations of its financial health from multiple analysts. Reports from Bloomberg highlighted a shift in perspective from JPMorgan analyst Kenneth Worthington, who revised his previous bearish view on Coinbase's stock following a significant increase in Bitcoin's price, which soared past $50,000 earlier this week for the first time since 2021. Worthington updated his January downgrade, adjusting his rating to a neutral from a previously less favorable underweight assessment. His initial downgrade stemmed from concerns that the enthusiasm for Bitcoin ETFs might diminish. However, contrary to his expectations, these funds have shown robust performance in crucial trading metrics. Meanwhile, John Todaro of Read more about Coinbase Stocks Surge Amid Analysts' Optimistic Financial Reassessments and Bitcoin's Price Rally #Bitcoin, #Coinbase, #Cryptocurrenc

Financial advocacy groups are pressing the SEC to revise existing accounting standards that add financial strain on American banks handling cryptocurrency assets for their customers. This movement is supported by a cross-party group of Congress members who are pushing for the repeal of these accounting norms. A collective of industry organizations, including the American Bankers Association and the Securities Industry and Financial Markets Association, has directly appealed to the SEC through a letter, as reported by Bloomberg, seeking particular adjustments to the rules. According to the present regulations, banks and other public institutions are required to account for the cryptocurrencies they hold for clients as liabilities on their balance sheets. This necessitates setting aside equivalent assets to cover possible losses and Read more about Advocacy Groups Urge SEC to Revise Accounting Rules for Banks' Crypto Holdings #Bitcoin, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday

Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious00:002 pointsFOMC Member Bostic Speaks  ------------------08:452 pointsECB's Schnabel Speaks  ------------------13:302 pointsBuilding Permits (Jan)  1.520M1.493M13:302 pointsCore PPI (MoM) (Jan)0.1%0.0%13:302 pointsHousing Starts (MoM) (Jan)----------4.3%13:302 pointsHousing Starts (Jan)1.470M1.460M13:303 pointsPPI (MoM) (Jan)0.1%-0.1%15:002 pointsMichigan 1-Year Inflation Expectations (Feb)  ---------2.9%15:002 pointsMichigan 5-Year Inflation Expectations (Feb)  ---------2.9%15:002 pointsMichigan Consumer Expectations (Feb)  ---------77.115:002 pointsMichigan Consumer Sentiment (Feb)  79.979.017:102 pointsFOMC Member Daly Speaks------------------18:002 pointsU.S. Baker Hughes Oil Rig Count---------49918:002 pointsU.S. Baker Hughes Total Rig Count---------62320:302 pointsCFTC Crude Oi Read more about Upcoming economic events 16 February 2024 #ECONOMICEVENTS, #Forecast, #UPCOMINGEVENTS

In 2024, exchange-traded funds (ETFs) that track gold have seen billions of dollars in outflows, standing in stark contrast to those focused on the spot price of Bitcoin. Eric Balchunas, an intelligence analyst from Bloomberg, highlighted in a post on February 14 that the top 14 gold ETFs experienced a loss of $2.4 billion in investments this year. Out of these, only three have witnessed slight increases in investment: VanEck Merk Gold Shares, FT Vest Gold Strategy Target Income ETF, and Proshares UltraShort Gold. The largest withdrawals were observed in BlackRock’s iShares Gold Trust Micro and iShares Gold Trust, losing $230.4 million and $423.6 million, respectively. Conversely, the 10 spot Bitcoin ETFs that have been approved have collectively attracted $3.89 billion in new investments and have seen unprecedented trading v Read more about Gold ETFs Lose Billions in 2024, Bitcoin ETFs Surge #Altcoin, #Bitcoin, #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #Reg

Jerome Powell, the Chairman of the Federal Reserve, recently engaged in discussions with House Democrats to underscore the importance of establishing a legislative framework for stablecoins. "In the pursuit of a regulatory foundation for stablecoins, I am highly supportive and pleased with our progress," Powell expressed during a private session with the House Financial Services Committee. This interaction with legislators highlights the Federal Reserve's dedication to implementing stringent regulations for stablecoins and Central Bank Digital Currencies (CBDCs). Powell pointed out the necessity for congressional approval for the introduction of a CBDC, as reported by Politico, emphasizing the importance of such authorization. The subject of stablecoins and their regulation by the Federal Reserve was also a key topic in a Read more about Federal Reserve Chairman Advocates for Legislative Framework on Stablecoins and CBDCs #CBDC, #Cryptocurrency, #Cryptomarket, #Cryptonews

Japan's leading financial watchdog has put forward suggestions to safeguard consumers against illegal fund transfers to digital currency platforms. The Financial Services Agency (FSA) highlights the persistent high frequency of scam transactions within the nation, predominantly involving digital assets. The FSA proposes a variety of strategies aimed at shielding consumers from unauthorized transactions. Specifically, these strategies are expected to significantly disrupt the peer-to-peer (P2P) trading landscape. Accordingly, the FSA, alongside the National Policing Agency (NPA), urges financial institutions to "enhance their customer protection measures." To attain this objective, the FSA and NPA are advocating for a series of critical actions. Among these is a directive for banks to step up surveillance on suspect transfers to Read more about Japan Enhances Crypto Regulations to Combat Fraud and Protect Users #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Japan, #New

Time(GMT+0/UTC+0)StateImportanceEventForecastPrevious00:302 pointsEmployment Change (Jan)20.7K-65.1K00:302 pointsFull Employment Change (Jan)----------106.6K00:302 pointsUnemployment Rate (Jan)4.0%3.9%04:302 pointsIndustrial Production (MoM) (Dec)1.8%-0.9%08:002 pointsECB President Lagarde Speaks  ------------------09:002 pointsIEA Monthly Report  ------------------10:002 pointsTrade Balance (Dec)15.7B20.3B12:002 pointsECB's Lane Speaks  ------------------13:302 pointsContinuing Jobless Claims1,878K1,871K13:303 pointsCore Retail Sales (MoM) (Jan)0.1%0.4%13:302 pointsExport Price Index (MoM) (Jan)-0.1%-0.9%13:302 pointsImport Price Index (MoM) (Jan)-0.1%0.0%13:303 pointsInitial Jobless Claims217K218K13:302 pointsNY Empire State Manufacturing Index (Feb)-11.90-43.7013:303 pointsPhiladelphia Fed Manufacturing Index (Feb)-8.9-10.613:302 poi Read more about Upcoming economic events 15 February 2024 #ECONOMICEVENTS, #Forecast, #UPCOMINGEVENTS

The recent inflation data from the US has had a considerable effect on Bitcoin and the broader cryptocurrency market, though not every asset was affected in the same way. A Labor Department report indicated that inflation in January was higher than anticipated, primarily due to rising shelter costs. Additionally, the Consumer Price Index (CPI) — a gauge of the prices for goods and services faced by consumers — increased by 0.3% for the month. Over the past 12 months, the CPI has risen by 3.1%, a slight drop from December's 3.4%. The unexpected jump in the CPI could present a challenge for the Federal Reserve (Fed), which has been hoping for inflation to decrease towards their 2% yearly goal. The central bank, which has maintained a stringent monetary policy for the past two decades, may find its plans to lower interest rates del Read more about US Inflation Spike Shakes Bitcoin and Crypto Markets #Altcoin, #Bitcoin, #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Ne

Ripple is set to acquire Standard Custody and Trust Company, a firm based in New York renowned for its expertise in digital asset services, aiming to enhance its portfolio of regulatory licenses. This strategic acquisition positions Ripple as the exclusive proprietor of Standard Custody, significantly bolstering its assortment of regulatory accreditations, including essential trust charter and money transmitter licenses. The acquisition of Standard Custody's licenses marks a pivotal step towards Ripple's ambition to offer a holistic suite of services. Established as a leader in digital asset custody and settlement, Standard Custody was one of the pioneers to be granted a New York trust license in May 2021. Ripple President Monica Long highlighted the importance of combining technological innovation with compliance standards in Read more about Ripple Expands Regulatory Reach with Acquisition of Standard Custody and Trust Company #Cryptocurrency, #Cryptomarket, #Cryptonewstoday,