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Cryptocurrency platform Abra has reached a settlement with Texas securities regulators, enabling users to withdraw their funds and ensuring compliance with existing securities laws. Abra recently reached a settlement with Texas securities regulators, marking a development in regulating digital asset services. The agreement allows users to withdraw funds from Abra, addressing concerns raised by the Texas State Securities Board. Under the settlement terms, Abra must issue checks or secure bank instruments to clients with more than $10 in assets on the platform. This action follows the Board’s discovery that Abra held approximately $13.6 million in crypto assets for around 12,000 customers at the time of the regulatory action. Texas Securities Commissioner Travis J. Iles emphasized existing securities laws’ applicability to traditional and innovative financial products. “Existing securities laws are well equipped to protect investors purchasing traditional products...

The Ethereum price dropped 3% over the past 24 hours to trade at $2,344.29 as of 11:50 pm EST. Dencun Upgrades Hit Ethereum Testnets The Ethereum ecosystem is edging closer to significantly lower gas fees and faster transaction speeds for Layer-2 rollups as the Dencun upgrade goes live on three testnets at the start of 2024. The first testnet to implement the upgrade was the Goerli network on Jan. 17. This included the implementation of nine different Ethereum Improvement Proposals (EIPs).  These proposals enable photo-danksharding and blob transactions, among other improvements set to increase Ethereum’s scalability. The Sepolia and Holesky testnets will be next in line to undergo the Dencun upgrade after the successful implementation on Goerli. Nebojsa Urosevic, the co-founder of the Ethereum development platform Tenderly, said in an interview with Coin Telegraph that the Dencun upgrade will enable substantial storage improvements on the network. As a  result, he...

The global crypto currency market cap has lost $40 billion over the past 24 hours amid the sustained market-wide turbulence that has seen several assets such as Bitcoin (BTC) and Ethereum (ETH) drop by shocking margins. This downtrend, which started on Jan. 12 following the initial hype surrounding the spot Bitcoin ETF approval, has endured amid several selloff s from institutional and retail investors alike. It has led to a slew of selloff s that has compounded into panic across the market.  Bitcoin triggers market-wide bloodbath As a result, market sentiment has dipped significantly, per data from Santiment. Santiment’s total social volume metric suggests that, while social activity has increased over the past week, the crypto community has focused primarily on buy and sell mentions. Social trends data – Jan. 23 | Source: Santiment However, despite the downtrend, market participants are leaning toward “buy the dip” tendencies, as “buy” mentions increase to 2,431, takin...

Crypto.com confirmed the delisting of the Terra Classic token from its trading platform following Terra Labs’ bankruptcy filing. The announcement of the de listing of Terra Classic (LUNC) by the major exchange was follow ed by a significant 12.4% drop in LUNC over the last 24 hours by press time. The de listing news reached investors through emails with the de listing scheduled for Feb. 15. The lack of any previous official communication initially raised doubts about the authenticity of the information, with concerns about potential email spoofing. Email sent by Crypto.com to its customers You might also like: Crypto.com delists Terra LUNA, token plunges nearly 10% Fears of the rumor were soon confirmed true as Crypto.com acknowledged the de listing without issuing an official statement through their website or social media platforms. The situation was exacerbated mere hours after Terraform Labs, the organization behind Terra Classic, filed for Chapter 11 ban...

Cryptocurrency exchange token HTX Huobi Token (HT) rose almost 8% amid news of creating a decentralized autonomous organization (DAO). According to a message on the exchange website, conversion of HT into HTX tokens began on Jan. 22 with the main goal of the transition to create an autonomous DAO, which will allow users to influence the development of the trading platform. According to CoinMarketCap, at the moment the price of HT dropped by more than 8% – from $1.86 to $1.72. However, the value of the token has since recovered to $1.90. The increase over the past 24 hours so far totals a 7.8% increase. Source: CoinMarketCap According to the blog post, users can convert old HT tokens into new HTXs until Jan. 25, 2025. This can be done through the mobile application or the desktop version of the crypto exchange. HTX coin holders will receive several benefits. In particular, for them, the commission for spot trading will be reduced by 25% and for futures trading ...

Following the launch of the spot Bitcoin exchange-traded fund (ETF), the value of the maiden cryptocurrency has experienced a decline after briefly revisiting the $49,000 level.  Attention has now shifted to Bitcoin’s (BTC) short-term price trajectory, with the cryptocurrency facing the risk of losing the crucial $40,000 support. Indeed, there was widespread speculation that Bitcoin might drop further after the asset plunged below $41,000 on January 20.  In looking at the Bitcoin price forecast, crypto trading expert FieryTrading , in a TradingView post on January 20, outlined the potential outlook for Bitcoin post-ETF hype.  In his Analysis , FieryTrading identified a correlation between bear market bottoms and Bitcoin’s price during halving events.  Cryptocurrency Bitcoin and Solana deployed 75% of all NFTs in 2023 Cryptocurrency 3 cryptocurrencies under $1 to buy next week Cryptocurrency He...

Cryptocurrency analyst and trader Ali Martinez is saying that Cardano (ADA) is on the cusp of potentially enjoying an explosive run from its current level. Martinez tells his 41,000 followers on the social media platform X that Cardano is currently in a consolidation phase on the three-day chart. The crypto analyst and trader says that the current consolidation phase is similar to what ADA experienced in 2020 just before skyrocketing from around $0.10 to an all-time high of slightly over $3 – a gain of over 2,900%. According to the crypto analyst and trader, “If history repeats itself, we might see ADA resuming its upward trend around April.” On his targets for Cardano, Martinez says that a correction of around 25% possibly awaits the ninth-largest crypto asset by market cap on the way to hitting a new all-time high. “This pattern continuation could potentially lead to an upswing toward $0.80, a brief correction to $0.60, then $7!” Sourc...

Popular exchange Crypto.com today announced the delisting of Terra LUNA. As a direct consequence, LUNA and LUNA Classic experienced a near 10% drop in value, reflecting investor uncertainty. Additionally, both tokens witnessed a 12% decrease in their 24-hour trading volume, signaling a retreat in market activity surrounding these assets. In response to these developments, Crypto.com has taken decisive action to mitigate risks and protect its users. Key measures include the suspension of trading for LUNA, MIR, and ANC on both the Crypto.com app and Crypto.com exchange platforms. Furthermore, new earn deposits and loans for LUNA have been halted. You might also like: Traders liquidate over $250m amid Bitcoin price decline Existing LUNA Earn deposits will not be affected, providing stability for current investors. The suspension extends to deposits and withdrawals for Terra native and Cronos CRC20 LUNA, Ethereum Mainnet ERC20 and Cronos CRC20 MIR, and LUNA and ANC Perps, as t...

Digital assets stakeholders have blasted Jim Cramer over his comment on Bitcoin’s recent behavior. The stakeholders debunked Cramer’s claim that “no one showed up” after the spot Bitcoin ETF approvals. According to Samson Mow, Bitcoin’s growth has never been dependent on ETFs. Some top digital assets stakeholders have blasted Jim Cramer, host of the show “Mad Money on CNBC,” over his comment on Bitcoin’s recent behavior. The stakeholders debunked Cramer’s claim that “no one showed up” after the spot Bitcoin ETF approvals following a BTC price drop.  A lot of people showed up. Just look at net inflow and how much BlackRock, Fidelity, and others accumulated. This is simply GBTC market adjustment at play. #Bitcoin growth is not dependent on ETFs, it never was. @BTC value comes from scarcity, utility, and the failure of fiat. https://t.co/4D6fH0IqSG — Samson Mow (@Excellion) January 18, 2024 Cramer posted on X (formerly Twitter), citing Bitcoin’s ...

Manta Network, a layer-2 blockchain developed by P0xeidon Labs, has successfully mitigated a large-scale distributed denial-of-service (DDoS) attack . The already-resolved incident coincided with the network’s token debut on several major exchanges. Kenny Li, co-founder of P0xeidon Labs, reported on Jan. 18 that the blockchain faced an unprecedented 135 million remote procedure call (RPC) requests. Describing the event as “a very aggressive and timed attack ,” Li assured that the blockchain operations remained secure and all funds were safe. However, he cautioned that communication between applications and the blockchain was temporarily hindered. Number of network events chart | Source: X You might also like: Manta Network addresses RPC flood, amidst MANTA airdrop hype Rest assured, we are not going anywhere. We have built for three years, and we see no end in sight. Thank you so much for your support as a community. Kenny Li This DDoS attack occu...

A widely followed crypto analyst and trader is bullish on a top-100 altcoin by market cap. The analyst pseudonymously known as Altcoin Sherpa tells his 205,600 followers on the X social media platform that he feels “very strongly” that the native token of the non-fungible token (NFT) marketplace and aggregator platform Blur (BLUR) will exceed its all-time high of $1.40, about 110% below the current price, reached in February of 2023. “BLUR is one of the few ways you can bet on the entire NFT industry going up. Bullish on a lot of NFT infrastructure.” Source: Altcoin Sherpa/X BLUR is trading at $0.667 at time of writing. Turning to Chainlink (LINK), Altcoin Sherpa says that he is “still very bullish” on the blockchain oracle as a “solid long-term project” though it is unlikely to offer “mind-melting returns” due to its relatively high market capitalization. Based on Altcoin Sherpa’s chart on the 12-hour time frame, LINK is likely to trade in a range ...

Solana might surge to $750, according to a crypto analyst. SEI’s 237% monthly surge hints at breaking $1, bolstered by bullish sentiment. Solana and SEI’s transaction milestones spotlight potential growth. Jake Gagain, a crypto YouTuber, has recently projected an ambitious future for Solana (SOL), forecasting the token’s surge to $750. This prediction, shared via an X post, comes with a rationale deeply rooted in Solana’s growing technological advantages and market presence. Solana’s Recovery Post-FTX Scandal  Central to Gagain’s optimism is Solana’s robust recovery from the FTX scandal. Despite the market turmoil and its price plummeting below $10, SOL bounced back impressively, breaking the $100 mark by the end of the year. Gagain attributes this resilience to Solana’s strengths, notably its faster, safer, and more cost-effective network than competitors like Ethereum.  At press time, SOL exchanged hand...

A new report reveals the impressive growth and impact of Crypto Valley, a leading web3 and blockchain hub located in Switzerland. The report analyzes the ecosystem, venture funding, and sector insights of the crypto hub. Interestingly, these areas recorded considerable growth , as the global crypto market witnessed a recovery last year following the implosions of 2022. Per the report, the leading 50 entities in Crypto Valley saw their value soar, doubling to $382.93 billion in 2023. The region now hosts 1,290 companies, marking a 13.6% rise from the previous year, with nearly 40% of them headquartered in Zug, the heart of Crypto Valley. The hub is home to 13 unicorns — companies valued at over $1 billion — marking a 44% increase from previous numbers. Ten of these companies achieved unicorn status through their token market cap, while three attained it through market valuation.  For context, a research report from PWC Global in 2022 revealed that the global crypto industry was...

In the bustling city of Rosario, Argentina , a groundbreaking rental agreement has recently been inked, marking a significant milestone in the country’s journey towards cryptocurrency adoption. In an unprecedented move, a local landlord and tenant have become the first in Argentina to seal a rental contract that exclusively employs Bitcoin (BTC) as the payment method. This pioneering contract is a testament to the evolving landscape of financial transactions, driven by legislative reforms and a growing preference for cryptocurrencies among Argentine citizens . The Bitcoin Rental Agreement Under this historic agreement , the tenant commits to paying a monthly rent of $100 in Bitcoin . This decision was made possible by recent legislative changes introduced by the newly-elected President, Javier Milei . These amendments to Argentine law facilitated this unique Bitcoin rental agreement and signalled a more significant shift in the country’s economic and legal...

Author: @tmel0211 Source: https://twitter.com/tmel0211/status/1742053195109830734?s=19 In the midst of the frenzy surrounding the inscription FOMO, I’ve had encounters with some “true” Bitcoin developers. Surprisingly, they don’t exhibit overheated enthusiasm and talk about disrupting Ethereum with Bitcoin Layer 2, as one might expect. Instead, there seems to be a consensus: the Bitcoin ecosystem has potential, but it will be distinct from Ethereum’s DeFi Lego-like paradigm. Moving forward, based on technical reasoning, let’s delve into how the Bitcoin ecosystem should be implemented. Indeed, this new asset issuance method, like the inscription, has drawn many people back to the ICO era of 2017, igniting enthusiasm once again. This wave of inscription enthusiasm has brought new users, new application scenarios, and additional funds. To some extent, it’s justified to call this a Bitcoin bull market. Subsequently, various directions such as sidechains, the Lightning Network, Taproot Asse...

Crypto exchange OKX has secured a virtual asset service provider (VASP) license in Dubai via its subsidiary, OKX Middle East Fintech FZE, marking another step in the firm’s global expansion. The license , issued by the Dubai Virtual Assets Regulatory Authority (VARA), is currently non-operational, pending the fulfillment of specific conditions and localization requirements. Once active, the license will enable OKX Middle East to offer a range of regulated virtual asset services and spot trading options to both institutional and qualified retail clients. #Binance TH by Gulf Binance, license d by Thailand’s Ministry of Finance and regulated by Thailand SEC, is now accessible to all eligible users. Gulf Binance, the joint venture between Binance’s subsidiary and Gulf Innova, will be offering THB deposits and withdrawals. — Binance (@binance) January 16, 2024 Dubai is increasingly becoming a hotspot for the crypto industry. OKX, the world’s second-largest exchange...

Crypto influencer Crypto Eri highlighted the potential of information NFTs (iNFTs).  The influencer said iNFTs will solve real-world problems and give way to explosive innovations.  Ex-Ethereum advisor Steven Nerayoff said his upcoming iNFT contains “crucial recordings.” Renowned cryptocurrency influencer Crypto Eri hinted at the potential of information non-fungible tokens (iNFTs) to boom as the digital asset space continues to expand.  In a tweet on social media platform X (formerly Twitter), Crypto Eri stated that iNFTs “will be bigger than big.” She continued by saying the technology will solve real-world problems while giving way to “explosive innovations.” Importantly, iNFTs is a term coined by former Ethereum advisor and renowned crypto founder Steven Nerayoff.  In a recent post on X, Nerayoff described iNFTs “as a new way to share any type of information that can’t be censored, is stored on the blockchain & owned by the user...

Experts doubt a quick end to Coinbase’s battle against the SEC, citing the challenge of proving listed tokens are not securities. The American cryptocurrency exchange Coinbase is unlikely to overcome its legal challenge s with the U.S. Securities and Exchange Commission (SEC) soon, as the Wall Street Journal reports that the exchange’s request for dismissal , scheduled for Jan. 17, is considered a long shot by legal and financial insiders. Lisa Bragança, a lawyer and former SEC enforcement branch chief, stated that the case is unlikely to be dismissed, as proving that the listed assets on Coinbase’s platform are not securities would be a significant challenge for the crypto exchange. “Coinbase is saying that the types of coins it lists on its platform are not securities, and that is going to be very hard for them to prove.” Lisa Bragança You might also like: Crypto exchange Coinbase to reorganize priorities in 2024 to work ‘more efficiently...