As the 2024 presidential race unfolds, the discussion surrounding the implementation of a U.S. central bank digital currency (CBDC) becomes more heated. Diverging opinions among candidates reflect broader concerns about privacy and government control. This article explores the current state of CBDCs in the United States as of January 2024.
JPMorgan analysts have noted a potential decrease in selling pressure on Bitcoin, as the majority of profit-taking from the Grayscale Bitcoin Trust (GBTC) appears to be coming to an end. In a market report released on January 25th, the team at JPMorgan highlighted the record outflows from ETFs.
As the demand for economical alternatives to Ethereum continues to surge, layer-2 projects are prioritizing reducing end-user costs in 2024. Ethereum faces intensified competition in the blockchain space, fueled by this persistent demand. Stay updated on the latest developments!
Mark Scott, a lawyer representing the OneCoin cryptocurrency pyramid, has been sentenced to 10 years in prison by the U.S. District Court. Scott was found guilty of two criminal charges, both of which are related to bank fraud and money laundering.
According to recent data, crypto whales have been accumulating Galaxy Fox (GFOX), Ethereum (ETH), and XRP. This trend highlights the growing interest of influential investors in these cryptocurrencies.
According to data from Kaiko, only five cryptocurrency exchanges, namely Bitvavo, Kraken, Coinbase, Bitstamp, and Binance, account for 98% of the total euro trade volume. Despite the existence of more than 15 platforms for euro-denominated trading with crypto, these five exchanges dominate the market and attract substantial trading volume.
Canaan, a leading crypto mining rig manufacturer, has successfully secured over $50m through preferred share financing. The funds will be utilized to further enhance research and development efforts and expand production capacity. In a recent filing, the Nasdaq-listed company announced the successful issuance and sale of preferred shares as a means to generate the capital required for its growth plans.
The Algorand Foundation, a blockchain platform known for its fast and affordable transactions, recently reported that the Twitter account of its CEO, Staci Warden, has been hacked. In a post on January 26, the project representatives issued a warning to users, advising them to exercise caution. The incident serves as a reminder of the importance of maintaining strong security measures in the digital world.
With the anticipated crypto bull run in 2024, Binance Coin (BNB), Avalanche (AVAX), Pullix (PLX), and Ordinals (ORDI) are gaining increased attention from investors.
According to Singapore-based crypto asset management firm Matrixport, Bitcoin is expected to face challenges in the first quarter of 2024. However, the firm anticipates a positive outlook for the cryptocurrency by the end of the year, despite its recent drop in value to the $39,000 range.
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