Cryptocurrency news
Bitcoin nears pre-halving ‘target zone’ toward $50K BTC price
BTC price action has yet to match one Bitcoin trader’s long-term target, but “patience is key,” he says nearly one year later. Bitcoin BTC $37,211 is nearing a key Fibonacci retracement level, which could mark the top of its “pre-halving rally.” That is according to popular so...
New York finance regulator tightens crypto listing guidance
Crypto firms’ policies on coin listing and delisting must align with a list of standards set by the NYDFS. Guidelines for firms listing and delisting cryptocurrencies in New York have tightened up to better protect investors, according to the state’s financial regulator. The Ne...
Cybersecurity team claims up to $2.1B in crypto stored in old wallets are at risk
The security firm urges those using wallets generated from 2011 to 2015 to transfer their assets to crypto wallets that were generated more recently. While the crypto community is still weathering the effects of the recent $100-million Poloniex hack, another cybersecurity threat...
Ethereum’s rollups are ‘gold standard’ but Plasma needs a revisit — Buterin
Vitalik Buterin called the early Ethereum scaling solution Plasma “underrated” and a “significant security upgrade” for chains that would otherwise be validiums. Plasma, a once-prominent Ethereum layer-2 scaling solution, should be revisited by teams currently working on zero-kn...
Number of Bitcoin millionaire wallets triples in 2023
Over 81,000 wallet addresses now hold $1 million or more worth of Bitcoin. The number of crypto wallet addresses holding more than $1 million in Bitcoin BTC $36,986 has more than tripled this year. BitInfoCharts data shows the number of addresses with more than $1 million in...
AAA studio Ubisoft to develop Web3 gaming experience with Immutable
Blockchain gaming firm Immutable announces a partnership with Ubisoft’s Strategic Innovation Lab to develop Web3 games. AAA gaming studio Ubisoft has partnered with blockchain game firm Immutable to collaborate on developing Web3 games through its Strategic Innovation Lab. An a...
SEC’s Gensler hints he’s open to a FTX reboot under proper leadership: Report
“If Tom or anybody else wanted to be in this field, I would say, ‘Do it within the law,’” SEC Chair Gary Gensler iterated. The United States securities regulator chief has hinted he would be open to a rebooted crypto exchange FTX — as long as its new leadership stays within the...
OpenSea investor marks down stake in platform by 90%: Report
OpenSea’s co-lead investor, Coatue Management, marked down its investment from $120 million to $13 million. United States tech investment firm Coatue Management has marked down the value of its stake in nonfungible token (NFT) platform OpenSea by 90%. On Nov. 7, The Information...
Crypto data platform Glassnode sells Bitcoin tax software to Blockpit
After acquiring the crypto tax platform Accointing in October 2022, Glassnode is selling the business to focus on DeFi and institutional offerings. Cryptocurrency intelligence firm Glassnode has said it’s dropping crypto tax-related projects to focus on new solutions targeting i...
VC Roundup: Private accounts, tokenization and healthcare infrastructure grab investor attention
Nocturne, Untangled Finance, Account Labs, Rymedi and Waterfall network secure venture capital funding in the latest funding blitz. Blockchain-based startups continue to attract funding during the current bear market, with MetaMask partner Blockaid raising $33 million in October...