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VanEck CEO Expects Bitcoin Price to See All-Time High in Next 12 Months

Jan van Eck, CEO of the global investment managing firm VanEck, expected Bitcoin price to reach all-time high in 2024 in an interview with CNBC. During the interview, van Eck laid out his 2024 outlook for Bitcoin and cryptocurrency, making a prediction of Bitcoin to set a new historical high...

, by Hongji Feng

Blockchain-Based Private Credit Surges 55% as Companies Seek Financing Amid Rising Interest Rates

More companies are turning to blockchain-based private credit as they seek financing amid increasing interest rates, leading to a significant surge in this sector. According to RWA.xyz, a platform that tracks debt, active private loans through digital ledgers have risen by 55% since the...

, by Ruholamin Haqshanas

FTX Presents Revised Plan to Distribute Billions to Customers and Creditors, Initiating Final Phase of Bankruptcy Resolution

Now-defunct crypto exchange FTX has revealed its latest proposal aimed at returning billions of dollars to customers and creditors, marking the start of the final stage in resolving its bankruptcy case. While the proposal addresses several critical aspects, there are still unanswered...

, by Ruholamin Haqshanas

Eliminating Fees, Killing Features, Reducing Payouts and 20 Crypto Jokes

This is your weekly digest of top crypto news from Cryptonews.com, followed by a collection of 20 hand-picked crypto jokes. __________ This week in crypto: we looked into bitcoin price predictions as BTC surpassed $42,000 amidst dovish Fed signals, as well as ethereum price predictions as JPMorgan...

, by Sead Fadilpašić

South Korean Crypto Exchanges Scrap for Survival as Upbit Dominance Wanes

A “tectonic rift” is threatening to separate the South Korean crypto exchange Upbit from its rivals, as tensions begin to fray between domestic platforms. The newspaper Daehan Kyungjae reported that Upbit’s market share has dropped sharply in recent months, falling from 93%...

, by Tim Alper

Ex-Central Bank Chief Says China ‘Must Lead World’ in CBDC Adoption

The former Governor of China’s central bank, Dai Xianglong, has insisted that China needs to “lead the world’ in CBDC adoption, as the nation’s digital yuan pilot continues. Per a Weibo post from the media outlet Finance iFeng, former People’s Bank of China...

, by Tim Alper

FTX’s Revised Reorganization Plan Addresses Cryptocurrency Claims Valuation

The debtors of now-defunct cryptocurrency exchange FTX have submitted an amended Chapter 11 plan of reorganization, suggesting that customer asset claims should be valued retroactively to the date of the exchange's collapse in November last year. In a recent court filing at the...

, by Ruholamin Haqshanas

Tether CEO Details Partnership with FBI and Secret Service in Letter to Legislators

Tether, the company responsible for the USDT stablecoin, has made public letters it sent to the U.S. Senate Committee on Banking, Housing, and Urban Affairs and the U.S. House Financial Services Committee, underscoring its dedication to security and close cooperation with law enforcement...

, by Ruholamin Haqshanas

Crypto-Fuelled Gambling Sites Streaming Just Got Banned on Twitch

Twitch, an interactive live streaming platform popular with gamers, has announced a ban on the sharing referral and promo codes of gambling sites that support placing bets in cryptocurrency. In a statement shared on Twitter, the U.S.-based company said that the ban which will take...

, by Ruholamin Haqshanas

SEC Denies Coinbase Push for Crypto Regulation, Cites Own Priorities

The Securities and Exchange Commission (SEC) rejected a petition by cryptocurrency exchange Coinbase on Friday requesting the creation of tailored regulations for digital assets. In a two-page response, the SEC said that after careful consideration, the requested rulemaking was currently...

, by Trent Alan

Public-Private Partnerships Necessary in Investigating Crypto Crimes: Former IRS Agent and Lead Investigator at Merkle Science

In an exclusive interview with CryptoNews, former IRS agent Richard Reinhardt, now serving as the lead investigator at Merkle Science, talked about growing challenges in investigating crypto-related crimes and the need for public-private partnerships. With over two decades of experience in...

, by Jai Pratap

Taiwan Police Target Crypto Influencers Linked to Polymarket Election Betting

Taiwanese law enforcement has initiated an investigation into online influencers and community members involved in promoting a Polymarket contract related to Taiwan's upcoming election. According to a report from Taiwan-based media outlet BlockTempo, the country's authorities...

, by Ruholamin Haqshanas

Crypto Analyst: Bitcoin Could Hit $1 Million in Days to Weeks After Spot ETF Approval

Bitcoin (BTC) has the potential to skyrocket to $1 million within a matter of days to weeks following the approval of a spot Bitcoin exchange-traded fund (ETF). According to Samson Mow, CEO of Jan3, the combination of limited Bitcoin supply on exchanges and a surge of institutional...

, by Ruholamin Haqshanas

Trader Turns $16k into $10,000,000 After Bonk Price Skyrockets Higher – Here’s the Other Coin He’s Watching

A trader has turned $16,000 into more than $10,800,000 by betting on the recent BONK! ($BONK) price rally. As per a tweet screenshot of his unrealized profit and loss on ByBit, an X user called @LawliettesLab has been raking in huge but still unbooked profits via a 6x leveraged bet on...

, by Michael Davis

Bitcoin Volatility Incoming as BTC Price Forms This Key Technical Pattern – $38K or $48K Next?

Bitcoin (BTC) chart analysis suggests the price has formed a key short-term technical pattern that could be a harbinger of extreme volatility ahead, with quick dump to $38,000 or pump towards $48,000 possible depending on how the pattern is broken. Amid its consolidating back from the...

, by Michael Davis

TVL on Real-World Assets Spikes Up 700% as Stablecoin and CBDC Popularity Grows in 2023

Total value locked on real-world assets recorded a 700% surge year-to-date (YTD) alongside overall decentralized finance (DeFi) figures in 2023 as the market’s bullish sentiment continues. A recent market report by CCData shows overall strength in the market after several months of...

, by David Pokima

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