Category: Latest news

[ad_1] The United Arab Emirates’ Financial Services Regulatory Authority (FSRA) has updated its Anti-Money Laundering (AML) and sanctions rules by adding new provisions concerning digital assets, according to a press release issued on Dec. 21. The revisions — effective immediately — are set to enforce the Financial Action Task Force’s (FATF) Travel Rule on digital…

[ad_1] Quick Take Bitcoin has surpassed Ethereum in the generation of fees on a 7-day average for the first time since 2017. According to Cryptofees, Bitcoin has averaged $19 million in fees over the past week, outshining Ethereum’s figure of $14 million. This shift can be attributed to the surge in inscriptions and Ordinals, which…

[ad_1] Quick Take CryptoSlate’s data analysis found an interesting correlation between Tether’s (USDT) circulating supply and Bitcoin’s price. The beginning of 2023 saw the USDT supply standing at an estimated 66 billion, dramatically increasing to 91 billion by year’s end. This growth in USDT supply is not isolated but appears to parallel an exciting development…

[ad_1] Quick Take In 2024, the crypto market is set to witness two major events: the introduction of a Bitcoin spot ETF in January and the halving of Bitcoin block rewards in April. While both events will significantly influence the industry, the degree to which each event will affect market prices still remains a subject…

[ad_1] FTX creditor claims recent rally is unsustainable, according to Vladimir Jelisavcic, founder and manager of Cherokee Acquisition—a crypto bankruptcy brokerage firm. In a Dec. 20 post on X (formerly Twitter), Jelisavcic stated that the “price increases for FTX claims should slow down soon,” because “this level of appreciation can’t be sustained for much longer.” Jelisavcic’s…

[ad_1] A British Virgin Islands court froze $1.14 billion in assets belonging to the founders of Three Arrows Capital (3AC), Su Zhu, Kyle Davies, and his wife, Kelly Chen, Bloomberg reported on Dec. 21, citing an emailed statement from the bankrupt hedge fund liquidator Teneo. The freezing order has global implications, impacting the founders’ assets…

[ad_1] Quick Take A recent analysis of Bitcoin’s on-chain cohorts shows a significant divergence in the realized price between short-term holders (STHs) and long-term holders (LTHs). The realized price, an indicator of the average on-chain acquisition price, serves as a proxy for the aggregate cost basis. For the first time in 2023, the realized price…

[ad_1] Hardware wallet provider Ledger has announced it will fully reimburse users impacted by the vulnerability that compromised its ConnectKit library last week. Additionally, the firm promised to disable blind signing—a process where users approve transactions without verifying their content—on its devices for Ethereum virtual machine (EVM)-compatible decentralized applications (dApps) by June 2024. $600k stolen In…

[ad_1] As Bitcoin’s market cap rises, comparing Bitcoin’s price to that of gold becomes increasingly relevant. This comparison is embodied in the BTC/GOLD ratio, a metric that divides the price of Bitcoin by the price of gold per ounce. The significance of the ratio lies in its ability to indicate shifts in investor preference and…

[ad_1] Solana overtook XRP to become the fifth-largest cryptocurrency on the crypto market on Dec. 20, based on current data. As of 11:30 p.m. UTC, Solana (SOL) reported a market cap of $34.8 billion. XRP, a coin associated with Ripple, reported a market cap of $33.3 billion. Solana’s high market standing appears to be due…