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KuCoin Labs Invests in BTC Layer 2 Dovi to Advance Bitcoin Ecosystem Development

KuCoin Labs, the corporate VC arm of the KuCoin ecosystem, has announced a strategic investment to further Bitcoin ecosystem development. The KuCoin investment platform is tapping the Bitcoin Layer 2 smart contract platform Dovi, to help it achieve its “pivotal milestones.” “KuCoin Labs...

, by Sujha Sundararajan

Elon Musk’s AI Tool Grok Misleads Users with Random Bitcoin Payment Address

Grok, the artificial intelligence tool developed by Elon Musk's xAI, has recently deceived users by falsely claiming to accept Bitcoin payments during a Q&A event. The tool even provided a random Bitcoin (BTC) donation address, as highlighted by Jameson Lopp, a prominent figure in...

, by Ruholamin Haqshanas

Trial of ‘Art-themed Altcoin Fraudster’ Underway in South Korea

The trial of a suspected crypto fraudster who allegedly told victims they were investing in an art-themed altcoin and NFTs has begun at court in Gwangju, South Korea. According to Munhwa Ilbo, prosecutors say an individual surnamed Tak, aged 44, “defrauded” 13...

, by Tim Alper

Goldman Sachs Predicts First Fed Interest Rate Cut in Q3 2024 – How Will Crypto Markets React?

Banking giant Goldman Sachs projects two interest rate cuts in the United States by the Federal Reserve in 2024 with the first to be announced in the third quarter. A recent Reuters report states Goldman Sachs sees two rate hikes next year citing cooling inflation after it previously...

, by David Pokima

Bitcoin Miner CleanSpark Shifts to Neutral in JPMorgan’s Ratings

The major Wall Street investment bank JPMorgan has adjusted its price targets and ratings for several Bitcoin mining stocks, including CleanSpark and Riot Platforms. The adjustment in ratings came in response to the recent surge in Bitcoin’s price and the hashrate of the Bitcoin...

, by Fredrik Vold

BankSocial’s Crypto-Friendly Credit Union, Seagrass & Hashgraph Association’s Carbon Credit Web3 Identity Wallet + More News

Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. In this edition: BankSocial Plans to Create a Crypto-Friendly Credit Union Seagrass and The Hashgraph Association Announce Carbon...

, by Sead Fadilpašić

Russian Central Bank Tempers Talk of 2024 Digital Ruble Rollout

The Russian Central Bank is playing down talk of a 2024 rollout for its digital ruble – insisting that the coin will not be ready for nationwide use before 2025. Per Tass, the bank’s press service said that while it was ready to go ahead with an “expansion” of its...

, by Tim Alper

Pudgy Penguins Unveils Web3 Game ‘Pudgy World’ Powered by zkSync Era

Popular NFT project Pudgy Penguins has revealed the upcoming alpha launch of Pudgy World - a Web3 game based on the Ethereum Layer 2 network zkSync Era. According to the press release, the alpha will launch in Q1 of 2024. With it, Pudgy Penguins moves beyond non-fungible token (NFT)...

, by Sead Fadilpašić

Galaxy Digital CEO Mike Novogratz Admits He Was Wrong About XRP and Altcoins

Mike Novogratz, Founder and CEO of Galaxy Digital admitted that he was wrong about XRP in an interview. Novogratz also said that altcoins are currently store of value and might have utilities in the future. Novogratz was originally skeptical about XRP, especially regarding its distribution and...

, by Hongji Feng

Market Dip Indicates Deleveraging Rather than Fundamental News: Crypto Analyst

Bitcoin's brief but sharp tumble toward $40,000, accompanied by a broader selloff in the crypto market, signals a potential deleveraging phenomenon rather than a fundamental news catalyst. On Monday, the largest cryptocurrency plunged as much as 7.5% to $40,521 before recovering some...

, by Ruholamin Haqshanas

Coinbase, Conio, Partner to Provide Crypto Services to Italian Banks

Cryptocurrency wallet firm Conio, partly owned by Poste Italiane and Banca Generali, has partnered with Coinbase to give Italian banks and financial institutions access to digital assets. Conio said it has added Coinbase Prime as a liquidity provider and the agreement between the two...

, by Tanzeel Akhtar

Binance P2P to Discontinue Russian Ruble Trading Pair From January 31 Next Year

Digital asset exchange Binance has announced a discontinuation of the Russian Ruble trading pairs on its peer-to-peer (P2P) platforms from Jan 31, 2024. In a Dec 11 official announcement, the company disclosed that it would no longer support the Russian Ruble trading pairs for digital assets...

, by David Pokima

Venture Capital Crypto Fund C1 Eyes Australia for Bargains: Report

Venture Capital crypto fund C1 Fund has been meeting a number of Australian businesses offering to buy private holdings from investors, reports the Australian Financial Review. C1 is a $500 million fund managed by investors based in Silicon Valley and the United Arab Emirates. The management...

, by Tanzeel Akhtar

Bitcoin Price Briefly Drops Below $41,000 Amid Broader Market Correction

Bitcoin price briefly dropped below $41,000 earlier today, undoing almost a week’s gains before a bounce back. Other major cryptocurrencies including Ethereum, XRP, Solana (SOL), and Cardano (ADA) were also down over 5%. According to TradingView, the price of Bitcoin made a sharp dip...

, by Hongji Feng

M&G Invests $20M in UK Bitcoin Derivatives Platform GFO-X

UK asset management firm M&G Plc announced it has invested $20 million in the bitcoin derivatives exchange, Global Futures & Options Holdings (GFO-X) looking to support “regulated trading of digital assets” and meet demand from institutional investors. GFO has a...

, by Tanzeel Akhtar

Hong Kong High Court Rules Against Huobi Global in Trademark Infringement Lawsuit

The High Court of the Hong Kong Special Administrative Region has ruled in favor of X-SPOT GLOBAL LIMITED in a trademark infringement case against Huobi Global Limited. The court issued an interim injunction, prohibiting Huobi Global Limited from using the "Huobi" trademark or any similar...

, by Jai Pratap

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