Market News Archives

Bitget plans a Lithuanian hub to meet EU crypto rules under MiCA

December 15, 2024 1 min read

Bitget is considering Lithuania as the potential location for a new European regional hub to align with the EU’s Markets in Crypto Assets (MiCA) regulations. This initiative reflects the exchange’s broader strategy to strengthen its European presence and adhere to evolving regulatory frameworks. The company is pursuing regulatory approval in 15 countries, adding to its existing licenses in multiple EU nations. Bitget recently entered the UK market and is also

Google’s Willow quantum chip raises concerns about Bitcoin security

December 12, 2024 1 min read

Google has recently launched its new quantum computing chip, Willow, featuring 105 qubits and impressive computing power. This new development has caused concern in the cryptocurrency community, especially about the security of Bitcoin’s cryptographic algorithms, since quantum computers could potentially break encryption. Willow has shown its strength by completing a complex calculation in only five minutes, a job that would take traditional supercomputers an unimaginable ten septillion years. Quantum computers

Users are upset with Coinbase because many have faced long account restrictions. Some say their accounts have been frozen for months or even years. Complaints appeared on social media platform X, where users questioned Coinbase's claim that the rise in restricted accounts was just because of inactivity and outside worries about the crypto market. On December 9, Coinbase Support noted a big increase in platform activity after the recent elections, linking it to a 2-3x rise in fraud attempts. This increase led to the use of automated fraud prevention measures, resulting in more account restrictions and slower customer support responses. Even though Coinbase is trying to fix these problems, many users are unhappy and expressing their concerns. Users are upset and have gone online to share their complaints, claiming that Coinbase has communicated misleading information. Some accounts have been locked due to VPN use, and users have not received enough support even after trying many times to get help. Key people in the crypto community, such as investor Glauber Contessoto, have suggested having a customer service line available 24/7 to improve user support. Even with these challenges, Coinbase has done well financially in 2024, showing a 97% increase in stock value so far and reaching important goals for its layer-2 network, Base. The ongoing backlash about account restrictions highlights the need for Coinbase to improve its customer service and communication as more users join.

Coinbase faces backlash as users report prolonged account freezes

December 12, 2024 1 min read

Users are upset with Coinbase because many have faced long account restrictions. Some say their accounts have been frozen for months or even years. Complaints appeared on social media platform X, where users questioned Coinbase’s claim that the rise in restricted accounts was just because of inactivity and outside worries about the crypto market. On December 9, Coinbase Support noted a big increase in platform activity after the recent elections,

First Abu Dhabi Bank joins with Libre Capital for blockchain-based lending with tokenized RWA as collateral

December 11, 2024 1 min read

First Abu Dhabi Bank (FAB), the biggest bank in the UAE, has partnered with tokenization expert Libre Capital to change collateralized lending by using real-world assets (RWA) in a digital way. This partnership seeks to improve lending by letting approved lenders use tokenized traditional investment assets as collateral for loans backed by stablecoins. The tokens are digital products from well-known financial institutions like Brevan Howard, Hamilton Lane, and BlackRock, combining

Bitcoin and Ethereum ETFs saw record-breaking inflows last week

December 10, 2024 1 min read

Bitcoin and Ethereum exchange-traded funds (ETFs) saw a big increase in investor interest recently, making it a historic week for both assets. Spot Bitcoin ETFs in the United States saw inflows of $2.73 billion, with BlackRock’s IBIT ETF bringing in more than $2.6 billion by itself. Earlier in the week, there was a short time when Bitcoin ETFs had outflows, with withdrawals amounting to $558.3 million. Now, there has been

5 Underrated Altcoins That Could Turn $300 Into $30,000 by 2026

December 5, 2024 4 mins read

The cryptocurrency market is brimming with opportunities for savvy investors seeking life-changing gains. While Bitcoin and Ethereum dominate headlines, many high potential altcoins fly under the radar but offer enormous upside potential. A small investment today could yield significant returns by 2026. Here are five underrated altcoins that could transform a $300 investment into $30,000, with a spotlight on FXGuys, a Top PropFi Project catching traders’ attention. >>>BUY $FXG TOKENS

Ripple CTO Speaks on the XRP Price Action as this Rival Rises from $0.07 to $2 in 2 Months

December 4, 2024 4 mins read

Recently, Ripple’s CTO, David Schwartz, found himself at the center of excitement and skepticism as the XRP price surged significantly. While XRP has been a cornerstone of Ripple’s ambitions in cryptocurrency, a new contender has emerged: RCO Finance (RCOF). This rival has captivated investors, skyrocketing from $0.07 to an impressive $2 in just two months. As Schwartz tries to address past XRP price actions, the rise of RCOF raises questions

5 Game-Changing Cryptos You Need in Your Portfolio This December 2024

December 3, 2024 7 mins read

Cryptocurrency enthusiasts, hold onto your hats because December 2024 is turning out to be a rollercoaster month for the crypto world. Bitcoin’s year-to-date rally of 125% is making headlines, Ripple’s resurgence has got people buzzing, and altcoins are showing some serious swagger. If you’re looking for the best altcoins to buy in December 2024, you’re in for a treat. We’ve narrowed it down to five game-changers: Qubetics ($TICS), Bitcoin (BTC),

Coinbase’s Base network rejects token launch

December 2, 2024 1 min read

Coinbase’s Ethereum Layer-2 network, Base, has officially stated it will not launch its own token, despite speculation following its rapid growth. Instead, the network is prioritizing developer support and addressing real-world blockchain challenges. Jesse Pollak, Base’s lead developer, reiterated the network’s focus on building tools for innovation in decentralized applications (dApps). “There are no plans for a Base network token. We are focused on building and solving real problems,” Pollak stated

A former Binance executive is suing the company

December 1, 2024 1 min read

Amrita Srivastava, a former senior employee at Binance’s Link platform, has filed a lawsuit in the UK, accusing the crypto giant of bribery and wrongful termination. Srivastava alleges that a colleague accepted bribes disguised as consulting fees to provide preferential treatment to customers and claims she was fired in May 2023 after reporting the misconduct in April. Binance denies these claims, attributing Srivastava’s dismissal to poor performance. The company asserts

BitWise seeks SEC approval for a groundbreaking 10 Crypto Index ETF

November 28, 2024 1 min read

BitWise has filed an application with the U.S. Securities and Exchange Commission (SEC) for a groundbreaking ETF that would track its 10 Crypto Index Fund. This fund includes ten major cryptocurrencies: Bitcoin, Ethereum, Solana, XRP, Cardano, Avalanche, Chainlink, Bitcoin Cash, Polkadot, and Uniswap. If approved, it would be the most diversified crypto ETF in the U.S. market, reflecting a growing shift toward regulatory acceptance of crypto. Operating since 2018, the

Ren Protocol Faces Backlash Amid v2 Upgrade Announcement and Binance Delisting

November 27, 2024 1 min read

Ren Protocol’s long-awaited announcement on its v2 network upgrade has drawn sharp criticism due to its timing, coinciding with Binance’s decision to delist the REN token. This has led to accusations of opportunism and further eroded trust in the project. Ren Protocol ended a 10-month silence by updating users about progress on its v2 upgrade. However, the timing raised suspicions, as Binance announced it would delist the REN token the