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Large Bitcoin transfers into a wallet associated with Celsius have raised speculations.  A user flagged that the wallet received 25,266 BTC worth around $1.10 billion. Renowned crypto investor Simon Dixon speculates that Celsius may be gearing to repay creditors. A number of Bitcoin transfers into a wallet associated with bankrupt cryptocurrency lender Celsius has driven speculation amongst crypto community members. The large amount of the transfer has led some to believe that the firm may be gearing up to repay creditors soon.  Indeed, the speculations came after an X (formerly Twitter) user flagged a large BTC transfer to the said wallet. “CelsiusNetwork wallet received 25,266 bitcoins worth $1.10 billion a few minutes ago,” the user tweeted. – @CelsiusNetwork wallet received 25,266 bitcoins worth $1.10 billion a few minutes ago. pic.twitter.com/33SffQhNZK — Evril (@ultimate_Evril) January 30, 2024 In response to the tweet, renown...

The Federal Reserve will hold its first “ interest rate” meeting of 2024, and the finance market expect s an increase. Bitcoin’s (BTC) recent price action reflects these expect ations, which historically caused BTC to drop in value. Notably, the United States central bank target rate remains unchanged since the last hike in July 2023. In the past six months, Bitcoin, other cryptocurrencies, and the stock market positively reacted to this target interest rate stability. Federal funds historical chart. Source: New York FED However, this scenario could change on January 31 if the Federal Reserve follows the market’s expectations. In particular, 97.9% of interest-rate traders believe the target will increase by 25 basis points (bps), according to CME Group . Target rate probabilities for 31 JAN 2024 FED meeting. Source: CME Group Bitcoin price analysis amid target interest rate increase Interestingly, Bitcoin has steadily traded in a consolidation range since December 2023 despite...

Block, owned by Twitter founder Jack Dorsey, has laid off large-scale layoffs of more than 1,000 employees. Block is reportedly terminating 10% of staff in a move meant to purge “a large number of teammates” to streamline operations, according to a memo seen by Business Insider. The layoffs, which occurred throughout January, affected employees of the Cash App, Foundational and Square divisions, affecting approximately 10% of the staff , the report further specified. “We decided it would be better to do at once rather than arbitrarily space them out, which didn’t seem fair to the individuals or to the company <…> When we know we need to take an action, we want to take it immediately, rather than let things linger on forever.” Jack Dorsey, Block co-founder This is Block’s second wave of layoffs in two months: in December 2023, the company cut 40 people working on music streaming app Tidal. Several former Block employees posted farewell messages on LinkedIn...

Abracadabra Finance, the platform behind stablecoin Magic Internet Money (MIM), was hacked for approximately $6.5 million on Tuesday, causing MIM to depeg. According to data from CoinMarketCap, the $100 million market cap stablecoin briefly hit $0.76 before rebounding due to the team’s efforts to restore the token’s price. The Abracadabra treasury used over 900,000 USDT to market buy MIM, sending the price back to around $0.95 where it remains at the time of writing. While yet to be officially confirmed, the attack appears to have been caused by a rounding error in Abracadabra ’s CauldronV4 smart contract code, which allowed the Hack er to drain assets from the platform . Following the Hack , the attacker sold off a total of 2.3 million MIM for ETH , causing the sudden drop in price. Solidity developer Anton Cheng claims to have investigated the attack vector back in September 2023, but eventually decided to chalk it up to a false positive when no profitable way to pull off ...

GT Protocol’s price jumped 10% in the last 24 hours and has surged 50% over seven days to trade at $2.52 at 5 a.m. on trading volume that soared 44%. The token hit a weekly high several hours earlier only to pare gains. GT Protocol is a newly launched crypto that has added listings in the past few days on platforms that included MEXC, Poloniex, BitMart, and HTX, making it more widely available. It was earlier listed on platforms including KuCoin, Bybit, Gate.io, PancakeSwap, and Hotcoin Global. GT Protocol Price Prognosis GT Protocol’s price has seen quite a bit of volatility in the last 24 hours, heading from $2.13 to $2.88 as it bounced higher and lower. Technical indicators such as Bollinger bands show that there is still high demand for the token, which has left the bands quite wi. On the other hand, the token’s RSI score is currently in a neutral area after previously reaching the overbought zone, which could mean that the price might drop further as trader...

The dYdX Foundation introduces liquid staking on its blockchain in partnership with Stride, enhancing staking options in the Cosmos Ecosystem. Stride is recognized as the leading liquid staking provider in the Cosmos Ecosystem, bringing substantial expertise to this initiative. 1/6 The dYdX Chain Protocol v3.0 Upgrade has been successfully implemented at block height 7147832. 🫶Thanks to everyone who voted and contributed! What does the upgrade change? Keep reading pic.twitter.com/0PidV3jC8f — dYdX Ops subDAO (@dydx_ops_subdao) January 29, 2024 In addition, the dYdX chain plans to expand its liquid staking options by partnering with other providers like Persistence and Quicksilver, which indicates a growing trend in the cryptocurrency industry, where liquid staking is gaining in popularity. Liquid staking allows participants to lock up tokens in return for a token receipt. This receipt can then be actively used or traded in decentralized finance (defi) applications...

The Meme Ai price has plunged 16% in the last 24 hours to trade at $0.001355 as of 4:30 a.m. even as trading volume surged 1,290% to $3.23 million. The Elon Musk-inspired token has slumped 35% over the past week, but it now appears have hit a bottom. Meme Ai Price Prognosis Meme Ai price has seen a strong dip in the middle of the last week, and over the weekend, it made minor attempts at recovery. The token became oversold in the last 24 hours, as can be seen in its Relative Strength Index (RSI) level, which dropped to 19.43 only around twelve hours earlier. Since then, it has seen an increase to 50, entering the neutral zone. This, combined with a sharp surge in the token’s daily volume, suggests that traders have moved in to buy the dip, which could potentially launch the token’s back up to the resistance at $0.0020. The token’s Bollinger bands have also widened considerably with the start of the new week, suggesting that there is rising trader interest. These...

Curacao, Curacao, January 29th, 2024, Chainwire HugeWin Casino, a newly established platform as of January 2024, has quickly garnered attention in the cryptocurrency gambling landscape. Its user-centric approach, coupled with an extensive array of gaming options, underscores its emerging status within the industry. Extensive Gaming Portfolio The platform boasts an impressive selection of over 7,000 slot games, providing both traditional and innovative variants. Additionally, it offers a diverse range of over 700 casino games, sourced from 12 renowned game providers, including PragmaticLive, Evolution, and LiveGames. The assortment spans across popular games like poker, roulette, blackjack, and baccarat, including live casino tables, ensuring a comprehensive gaming experience. Extensive Gaming and Betting Portfolio HugeWin Casino presents an expansive platform that caters to a wide array of gaming and betting preferences. It boasts a remarkable selection of ov...

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. As we look at how the industry evolved over 2023 and hope glistens for the end of the “crypto winter,” the web3 landscape is abuzz with opportunities. Yet, year after year, we address the same elephant in the room: the demand for web3 developers far outweighs the available expertise. You might also like: Stop kicking the can on web3 development if we want adoption to grow | Opinion Closing this disparity calls for a blend of academic insights and technical proficiency. Success in web3 demands developers not just to excel in coding but also to grasp foundational theories, like game theory and economics, that underpin this technology. Without a balance between practical skills and theoretical knowledge, developers may struggle to navigate the expansive web3 ecosystem. Practical skills are ever-important  Within web3,...

Blockchain firm Ripple, behind XRP, appears to be preparing for potential involvement in the exchange-traded fund (ETF) space, as a recent job advertisement indicates.  Through a posting on its website, the company is actively seeking a Senior Manager, Business Development focusing on institutional decentralized finance (DeFi). Among the responsibilities outlined in the role is the drive to spearhead cryptocurrency-related ETF initiatives in collaboration with internal trading teams and relevant partners. Ripple Senior Manager, Business Development roles. Source: Ripple Notably, speculations about an XRP ETF have surfaced recently following the approval of a spot Bitcoin (BTC) ETF. Following the publication of the job advert, Fox Business reporter Eleanor Terrett, in an X (formerly Twitter) post on January 27, hinted that the ETF job posting might indicate Ripple’s trajectory towards a spot ETF. Cryptocurrency Ethereum sell-off alert: Here's what to ...

Finding the best crypto to buy right now is a never-ending task, with dozens of tokens launched on CEX and DEX platforms daily. Investors are always on the lookout for top-performing cryptocurrencies that are on the rise. With so many options, finding the best ones can be overwhelming. InsideBitcoins has compiled a list of the best cryptocurrencies to buy right now, making it easier for investors to find promising tokens. Best Crypto to Buy Now This article discusses specific crypto projects, their purposes, plans, and other vital factors, helping investors make informed decisions. It analyzes the substantial growth of Arbitrum and the BNB’s recent collaboration. Furthermore, it examines the growth of Kaspa in the altcoin sector. 1. Arbitrum (ARB)  Arbitrum, a Layer 2 scaling solution for Ethereum, has experienced substantial growth in 2023. The native coin, ARB, exhibited a noteworthy 68% increase in the past month despite occasional bearish movements. This positive tr...

The U.S. Securities and Exchange Commision (SEC) has again delayed its decision on Grayscale Investments’ proposal for a spot Ethereum ETF (exchange-traded fund), asking whether it would be susceptible to market manipulation and fraud. The regulator made the announcement in a Jan. 25 order that asked whether Ethereum’s proof of stake mechanism and “concentration of control or influence by a few individuals or entities” raised unique concerns about manipulation and fraud. The application is now open for public comment for 21 days. There will also be a rebuttal period of 35 days, according to the SEC’s filing. SEC Announces Delays For Multiple Spot Ethereum ETF Applications  This is the second time the regulator has delayed its decision on Grayscale’s ETH ETF application, with the previous delay announced on Dec. 5. In the last week, the agency has also delayed making decisions for other proposed spot Ethereum ETFs by fund managers BlackRock...

The Bank of England and the U.K. Treasury are cautiously advancing the exploration of a digital pound, focusing on research and legislative groundwork without a firm commitment to launch. The Bank of England (BoE) and the U.K. Treasury, in their latest response to a consultation on a proposed digital pound, have emphasized a cautious and exploratory approach towards developing a central bank digital currency (CBDC). The response, addressing a consultation paper from February 2023, indicates a continued interest in the potential of a digital pound yet stops short of a definitive commitment. Today, we respond to the digital pound consultation. We are grateful to those who contributed. With @HMTreasury work continues to explore a digital pound in the design phase, but no decision has been made to issue one. You can read our response here: https://t.co/h4GsMkuOpd pic.twitter.com/IwN58h7rNf — Bank of England (@bankofengland) January 25, 2024 Central to the BoE and Treasury...

Following the recent Bitcoin (BTC) price decline, the $40,000 position has become pivotal, with both bulls and bears grappling to control the upcoming price trajectory. The overall market sentiment remains bearish, as several analysts predict further losses in the coming days. In particular, crypto trading expert Alan Santana has identified key levels investors should monitor as Bitcoin seeks to minimize losses.  In a TradingView post on January 24, Santana maintained a bearish outlook for Bitcoin, suggesting that the asset will likely reach a low of $23,000. The expert indicated that the next target for Bitcoin is expected to be $37,500, with a potential attainment date of January 25.  Furthermore, he pointed out the likelihood of Bitcoin trading below $30,000, anticipating a plunge to see the flagship crypto testing $27,500, $25,500, and eventually $23,000. Cryptocurrency Bitcoin price prediction as whales continue to accumulate Cryptocurren...

Hut 8 Corp. counters an activist short-selling firm’s report, asserting the allegations as misleading and affirming its financial stability and operational integrity. Hut 8 Corp., a leading North American digital asset mining company, rebuffed allegations made by a short-selling firm JCapital Research, labeling them “false and misleading.” The paper criticized Hut 8’s business practices and management, but the company counters these claims as inaccurate and speculative. Hut 8, also a provider of high-performance computing infrastructure, dismissed the report as an attempt to tarnish its reputation and undermine its share price for the short-seller’s gain. Hut 8 responds to recent short report that is “filled with inaccuracies, misrepresented data, speculative claims , and unfounded character attacks.” CEO @jaimeleverton said, “Our Board of Directors and management team continue to have full confidence in our merger of equals and we… — Hut 8 (@Hut8Cor...