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As the founder and chairman at CoinFlip, Daniel Polotsky is keen on taking his startup to the next level. The Chicago-based company grew from humble beginnings in a college dorm to become the largest network of Bitcoin ATMs by volume in the U.S. But nearly a decade after it launched, the cryptocurrency industry looks completely different. For every bit of excitement, there’s scrutiny — especially in the kiosk business. Still, the time is ripe for a global push, Polotsky says. Here’s what the 29-year-old entrepreneur told crypto.news about the next chapter in CoinFlip’s journey, which began in Evanston, Illinois but currently touts a presence in 49 states. You might also like: Are Bitcoin (BTC) ATMs a menace? As we head into 2024, what’s different at CoinFlip? Polotsky : At CoinFlip, we have always prioritized offering 24/7 live customer support and competitive fees, which have helped separate us from our competitors and position ourselves as the wo...

Whales moved ETH and BTC worth millions of dollars in and out of exchanges. ETH’s structure suggested a bullish divergence but a decline could also be imminent. BTC may drop to $40,000 as momentum has become bearish. Bitcoin (BTC) and Ethereum (ETH) were subject to some major whale transactions, Whale Alert disclosed. According to the whale tracking handle, 1,335 BTC was transferred from Coinbase to an unknown wallet on December 30. 1,335 #BTC (56,252,449 USD) transferred from #Coinbase to unknown wallethttps://t.co/0XEFmMZAaX — Whale Alert (@whale_alert) December 30, 2023 But that was not the only transaction involving Bitcoin. A few hours before the above transfer, another whale sent 3,144 BTC to Coinbase. These two transactions implied that both whales involved were on opposite sides of the divide. While the first one plans to hold, the latter transfer suggests a sell-off. However, it was a different case for ETH. Around the same per...

Bitcoin’s price in 2024 is expected to hit a record high, driven by several factors.  An ETF approval, BTC halving, and Interest rate cuts are identified as potential price drivers.  Experts predict Bitcoin could hit $125K by the end of 2024. As 2023 draws to a close, the cryptocurrency market’s recent resurgence has prompted speculations of a much more positive performance in the upcoming year. Crypto enthusiasts are anticipating the leading digital asset, Bitcoin, to set new records and onboard new crypto natives.  The expectations for a bullish 2024 hinge on several factors, which experts predict could drive higher price movement—notably, a widely expected spot Bitcoin exchange-traded fund (ETF) approval by the US Securities and Exchange Commission in January.  Going by analysts’ estimations, an ETF approval is expected in the early weeks of January. Already, optimism around a possible approval has sent crypto prices up s...

2024 is fast approaching, and with it being on a Monday this time around, many people will be looking to return to running errands as quickly as possible. This may include appointments or shopping at places such as Target. If you’re fresh off a New Year’s celebration at your place and have a mess to clean the morning after, you may wonder if stores like Target are open on New Year’s Day to pick up your essentials. Here’s what you need to know about the department store’s New Year’s hours, and if the store is open on New Year’s Day. Also Read: Is Planet Fitness Open on New Year’s Day Is Target Open on New Year’s Day? Most Target locations are open every day apart from select holidays. For New Year’s Eve and New Year’s Day, Target will be open, just with holiday hours in effect. Typically, Target opens at 8am and closes between 9pm and 11pm depending on the location. New Year’s Eve may see these locations close ...

Cathie Wood’s Ark Invest has sold additional Coinbase shares worth around $27.6 million, liquidated its entire Grayscale Bitcoin Trust holdings valued at $200 million, and bought $92 million worth of ProShares Bitcoin Strategy ETF (BITO). The ARK Next Generation Internet ETF (ARKW) has now sold more than $200 million worth of $COIN stock over the past month as it takes profits after $COIN’s more than 400% surge so far this year. Ark Invest Dumps GBTC Holdings, Buys BITO ARKW started dumping its Grayscale Bitcoin Trust holdings in October at the onset of Bitcoin’s bull run. During the month, it sold 100,739 GBTC shares worth around $2.5 million at the time. On December 19, the firm sold an additional 809,441 GBTC shares valued at $27.9 million. On December 28, it liquidated its remaining GBTC holdings worth $200 million. Ark Invest then used proceeds of the sales to purchase the BITO Bitcoin futures ETF. According to Bloomberg ETF analyst Eric Balchunas, buying BIT...

Dec 27, 2023 at 10:10 // Price Author Coin Idol The price of Litecoin (LTC) was able to hold reasonably steady thanks to the doji candlesticks. Litecoin price Analysis by Coinidol.com. Long-term forecast for the Litecoin price: bearish  The price of the cryptocurrency has remained steady at $72. Moreover, Litecoin is trading above the moving average lines. If the price of the cryptocurrency holds above the 21-day simple moving average on December 26 and 27, the market will resume its fluctuations and retest the previous resistance level of $79. ...

Kinetic Capital moves 500,000 RNDR worth around $2.51M to Binance. The transfer to the crypto exchange is the second in recent times.  Kinetic Capital is the eighth-largest holder of RNDR, which makes the move significant. In a recent report, cryptocurrency on-chain analytics platform Spot On Chain revealed Kinetic Capital has moved a substantial amount of its RNDR holdings to the crypto exchange platform Binance.  The report shows Kinetic deposited 500,000 RNDR worth around $2.51 million in the early hours of today. The latest transfer to the exchange follows previous deposits by Kinetic. In the past three days, Spot On Chain data shows the company has deposited 1 million RNDR tokens worth $4.89 million at Binance.  Per the report, the activities of the company are significant given that it is the eighth-largest holder of RNDR. As detailed, the venture capital company currently holds around 5.6 million RNDR tokens worth an estimated $27.9 m...

Dec 26, 2023 at 09:47 // Price Author Coin Idol The price of Ethereum (ETH) has remained in the bullish trend zone after its failure at the overhead resistance of $2,400. Long-term analysis of the Ethereum price: bullish The largest altcoin has maintained its position above the moving average lines. The current upswing will end if the moving average lines are broken. Since December 14, resistance at $2,300 has halted the upward movement. Buyers have failed three times to keep the price above the $2,300 high. Yesterday, Ether fell back above the 21-day SMA bu...

Hours after DeFi platform Telcoin suspended activities on its app yesterday, cybersecurity firm PeckShield revealed that it had suffered an exploit that resulted in the loss of crypto assets worth around $1.3 million. Late yesterday, Telcoin’s team confirmed that there were troubles with their app. This followed several complaints by users who raised the issue in response to earlier posts by the platform.  “We are aware of the situation with the Telcoin App. We have temporarily frozen use of the app while we look into the issue and will provide an update as soon as we can,” the team tweeted.  While the post from the team failed to give specific details, users speculated that the app had been hacked. Confirming these suspicions, PeckShield posted that Telcoin suffered an exploit that resulted in the loss of around $1.3 million worth of cryptoassets.  The cybersecurity firm noted that Telcoin (TEL) subsequently dropped 41% as weary investors existed...

Dec 25, 2023 at 06:08 // Price Author Coin Idol Quant (QNT) continues to trade sideways below the $120 mark. Long-term forecast for Quant price: range Previous price action has shown that the market is in an upward correction as the cryptocurrency recovers from its earlier downturn. The upward movement has been halted three times by resistance at $120. The altcoin's inability to reach the previous high has prompted it to resume a sideways trend below the resistance zone at $120. Quant is at $115 at the time of writing. On the positive side, a break of ...

IoTeX’s IOTX token is up 163%, driven by an on-chain metrics surge. Pullix’s ongoing presale raises $1.4M; platform introduces innovative “Trade-to-Earn” model. Solana hits a 19-month peak above $102, surpassing XRP in market cap ranking. While IoTeX, Bitcoin, and Solana witnessed considerable gains in the past few weeks, a new hybrid DeFi exchange Pullix is making waves with its PLX token presale. Read along as we explore the recent market movements as we head into 2024 and the promising features of Pullix, currently in its presale stage. IoTeX: bridging physical and digital realms IoTeX (IOTX), the native token of the IoTeX network, a decentralized platform facilitating machine-to-machine interactions, has experienced a remarkable surge . The token has gained 109.27% in the last month to trade at $0.05255 at the time of writing. It is trading 162.93% higher over the past year, making it among the very few cryptocurrencies to sustai...

An eye-scanning biometric crypto project is plummeting after pausing operations in Brazil, France, and India. The digital ID-focused crypto asset Worldcoin (WLD), co-founded by OpenAI chief executive Sam Altman, says operations are now temporarily paused in the three countries. The Worldcoin Foundation tells TechCrunch that the protocol remains dedicated to “working with partners globally to ensure it meets regulatory requirements and provides a safe, secure and transparent service for verified humans.” Worldcoin’s Orb is a helmet-shaped peripheral that scans people’s eyes to verify their identity. To use it, traders must first download the Worldcoin app, obtain a compatible crypto wallet, and then visit an Orb to receive their identification, or World ID. According to TechCrunch, Worldcoin still plans to onboard people in India and recently went through an update, allowing it to differentiate between bots and humans and integrate user World IDs into marquee pr...

1. BlackRock’s Proposed Spot Bitcoin ETF Receives Ticker Symbol in Latest Submission to the SEC link BlackRock’s proposed physically-backed Bitcoin ETF, with the ticker symbol IBIT, submitted a revised S-1 filing to the SEC on Monday. The amended document also includes details about the creation and redemption mechanism the fund plans to adopt, a topic discussed in recent meetings between BlackRock and SEC officials. Ark 21Shares and WisdomTree also submitted amended S-1 filings to the SEC on Monday for their proposed physically-backed Bitcoin ETFs. According to FOX News, the guidance from SEC officials is that approval for physically-backed Bitcoin ETFs is likely to come before January 10, 2024. BlackRock, the world’s largest asset management company, has prioritized obtaining SEC approval for its proposed Bitcoin ETF as a key initiative for the company. 2. U.S. Judge Approves Settlement Agreement Between Binance and U.S. CFTC link According to a ruling signed by Judge Manish Shah of ...

El Salvador has passed a new law to grant citizenship to foreign Bitcoin investors. The country’s congress approved a migration law granting expedited citizenship to foreigners who make Bitcoin “donations” to government social and economic development programs. The law is expected to come to fruition in the next few days. JUST IN: 🇸🇻 El Salvador passes law to grant citizenship to foreign #Bitcoin investors. — Watcher.Guru (@WatcherGuru) December 21, 2023 The country’s legislature passed the reform late Wednesday evening with support from President Nayib Bukele’s New Ideas party. The law does not cite any minimum “donation” requirement. With Bukele aiming for re-election in February’s election, the Salvadoran official aims to further develop the country’s Bitcoin project. El Salvador is one of the most Bitcoin-forward countries in South America. In 2021, the country established BTC as a national currency....

The malicious Wallet Drainers script used phishing campaigns in Google search results and Twitter ads, stealing millions of dollars from users . According to Scam Sniffer, the malicious script stole almost $59 million in digital assets from more than 63,000 victims over nine months. Over the past nine months, 10,072 websites have been linked to Wallet Drainers, with activity peaking in May, June and November. 1/ Alert: A 'Wallet Drainer' has been linked to phishing campaigns on Google search and X ads, draining approximately $58M from over 63K victims in 9 months. pic.twitter.com/ye3ob2uTtz — Scam Sniffer | Web3 Anti-Scam (@realScamSniffer) December 21, 2023 Source: 21.co Most of the advertisements were related to crypto currency and NFT airdrops. Moreover, some of them were references to popular blockchain projects, such as Ordinals Dogecoin (DOGE). Malicious ads used regional targeting and page-switching tactics to bypass ad audits, complicating the review ...

Shiba Inu (SHIB) has recently deleted a zero from its price, which it gained in August of this year. The token’s price has surged 9.1% in the weekly charts and 17.9% over the previous week. SHIB had struggled for most of this year, but the project seems to be gaining momentum lately. Source: CoinGecko The latest price surge could be due to three massive burns undertaken by the SHIB team. About $1.2 million worth of tokens went to the dead wallet over three days. The tokens were from fees collected on the Shibarium network. Also Read: Shiba Inu: $100 Weekly Investment Since Peak is Worth This Much The price surge has also led to whales moving tokens into their wallets. According to the data from IntoTheBlock, large holders’ inflow has surged by 375%. On the other hand, the outflow from large wallets decreased by 60.4% to 835.9 billion SHIB tokens. Source: IntoTheBlock The movement of tokens away from exchanges and into wallets is a bullish sign as it redu...

The Central Banks of BRICS countries have been offloading US dollars through the year to protect their respective local currencies. BRICS countries such as China, India, and Russia, among others, dumped US dollars to keep their local currencies from falling. The US dollar is slowly finding its way out of Central Banks from around the world, including that of BRICS nations. The year 2023 has relatively been bad for the US dollar as BRICS and other developing countries are looking to uproot it from the world’s reserve currency. Also Read: BRICS : China Aggressively Dumps US Dollars For 3 Days Straight BRICS: US Dollar Reserves Dip By 6.5%, Local Currencies Experience a Rise Source: silkroadbriefing.com It’s difficult times for the US dollar as Central Banks around the world are cutting ties with the currency. In 2023 alone, the US dollar reserves in various Central Banks fell by 6.48%. However, what comes as a surprise is that local currencies such as the Japanese Yen...