First Mover Americas: Bitcoin Pulls Back to $42K; Venezuela Shutters Petro Crypto Project
The latest price moves in crypto markets in context for Jan. 15, 2024.
Financial
Financial
Financial
Google Cloud Joins Flare Network as Validator, FLR Jumps 5%
Flare, which calls itself “the blockchain for veri,” gives developers access to decentralized veri via its Oracle system
Financial
Do Kwon Appeals New Montenegro High Court Decision Upholding Extradition Requests, Lawyer Says
Local courts may be facing political pressure regarding Kwon’s extradition to the U.S. or South Korea, his Montenegro lawyer Goran Rodic told CoinDesk.
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Bitcoin Traders Eye Support at $40K as ETF Contrarian Bets Prove Right
The approval of spot bitcoin ETFs in the U.S. was much anticipated and well-priced, so the event will likely be a short- to mid-term top for the price, analysts said.
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JPMorgan Sees Significant Capital From Existing Crypto Products Pouring Into New Spot Bitcoin ETFs
The newly created ETFs could attract inflows of up to $36 billion from other crypto products like Grayscale Bitcoin Trust (GBTC), a report said.
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Tokenized Fund Adoption Grows but Brings Technology Risks: Moody’s
Entities providing tokenization tech have a limited track record and may contribute to increased risk, a new report by analysts at the credit-rating agency says.
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Bitcoin’s Safe Haven Appeal Could Be Tested Soon, U.S. Bond Market Suggests
Recent developments in the U.S. Treasury yield curve suggest a recession may arrive soon, strengthening the case for investing in assets with safe-haven appeal.
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Venezuela Ends Controversial Petro Cryptocurrency: Reports
President Nicolas Maduro launched the Petro (PTR) in Feb. 2018 to support the nation’s currency, the bolívar, in the face of an economic crisis exacerbated by U.S. sanctions.
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In Failed Bitfinex Exploit Attempt, Billions in XRP Moved
The failed token transfers spooked some market watchers as they amounted to nearly half of XRP’s $30 billion market capitalization.
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Bitcoin’s Technicals Suggests Deeper Pullback to $38K: Analyst
Bitcoin’s RSI divergence signals correction, 10x Research said.