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ForkLog 7 15.01.2024

Bitcoin Faces Potential Correction to $38,000, Analysts Warn

The divergence between Bitcoin’s price and the RSI indicator may signal risks of further decline towards the dynamic support at $38,000, according to 10x Research, as reported by CoinDesk. Following the approval of spot Bitcoin ETFs, prices fell by 5% to $42,600, confirming the classic “sell the news” phenomenon, experts noted. This was preceded by […]

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ForkLog 7 15.01.2024

CoinShares Evaluates Bitcoin Miners’ Prospects Post-Halving

According to CoinShares, only public miners such as Bitfarms, Iris, CleanSpark, TeraWulf, and Cormint will remain profitable after the halving if Bitcoin’s price does not exceed $40,000. Want to understand the impact of the halving on Bitcoin Miners revenues and how bitcoin mining can reduce global CO2 emissions? Please do read our 2024 mining reporthttps://t.co/0gJBTMB4yq […]

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ForkLog 9 13.01.2024

Bitcoin Dips Below $43,000 Amid ETF Criticism

In the early hours of January 13, Bitcoin’s price momentarily fell below $42,000. At the time of writing, the cryptocurrency is trading at $43,100. Hourly BTC/USDT chart on Binance. Data: TradingView. Top-10 digital assets by market capitalization followed Bitcoin’s lead. Avalanche and Solana saw the largest declines over the past day, losing 7.1% and 5.8% […]

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ForkLog 6 12.01.2024

Unresolved Issues: FTX Creditors’ Complaints and Ripple Case Resurgence

In 2024, the upheavals of past years in the cryptocurrency market continue to make their presence felt. Recently, creditors of the collapsed FTX deemed the compensation amounts “unfair,” while the SEC once again attempted to revive the Ripple case. A Flawed Plan FTX creditor activist Sunil Kavuri reported that he and lawyers from the firm […]

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ForkLog 10 11.01.2024

Hong Kong Urged to Lead on Crypto-ETFs

Johnny Ng Kit-chong, a member of Hong Kong’s Legislative Council, emphasized the need for the jurisdiction to “take the initiative” in implementing spot crypto-ETFs. 美國證券交易委員會SEC在香港時間凌晨通過現貨比特幣ETF。此舉對虛擬資產市場是一個重要的舉動，也吸引更多傳統投資者和資金參與虛擬資產領域投資。經過這次SEC通過現貨比特幣ETF，我認為香港也要在虛擬資產領域敢於做「領頭羊」，通過創新政策來帶領整個行業發展。 1. 特區政府盡快推動現貨ETF的落實… pic.twitter.com/5b0fhHFQHh — Johnny Ng 吴杰庄 (@Johnny_nkc) January 11, 2024 “I hope that Hong Kong, amidst the rapid development and fierce competition in the virtual assets sector, can quickly […]

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ForkLog 36 11.01.2024

X Discontinues NFT Profile Picture Support

The social platform X has quietly removed the option to set NFTs as profile pictures, as noted by TechCrunch. This feature was introduced under Twitter’s previous management in January 2022. The company allowed subscribers of the premium service Twitter Blue to use Ethereum-based non-fungible tokens as PFP. Verified avatars were displayed in a hexagonal shape […]

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ForkLog 47 11.01.2024

SEC Approves All 11 Spot Bitcoin ETF Applications

The SEC has approved all 11 applications for spot Bitcoin ETFs, with trading set to begin on January 11. Issuers and the crypto community have expressed optimism about the launch of these new products. Experts have discussed the potential developments following this approval. On the evening of January 10, the U.S. Securities and Exchange Commission […]

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ForkLog 37 10.01.2024

Ripple CEO Suggests SEC Should Investigate Itself After Account Hack

The crypto community mocks the SEC following the hack of its X account, yet still anticipates the approval of a Bitcoin ETF. The leading cryptocurrency experienced high volatility, though some altcoins, including Ethereum, maintained their positions. Ripple CEO Brad Garlinghouse, commenting on the hack of the SEC’s X account, suggested the regulator should investigate “itself.” […]

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ForkLog 10 10.01.2024

Bitcoin ETF Approval Diminishes Likelihood of Sell-Offs, Say Experts

Following a wave of long position liquidations, the anticipated sell-off after the expected approval of spot Bitcoin ETFs by the SEC is now less certain. Analysts at K33 Research have reached this conclusion. They believe the cascade of forced long closures has “sharply improved market conditions.” According to their observations, from January 2 to 6, […]

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ForkLog 32 10.01.2024

Year in Review: Launch of Grok Chatbot and Algorithm Enhancements

The year 2023 was “foundational” for the social network X, while 2024 is set to be “transformational.” The platform’s team has summarized the past 12 months. 2023 was foundational ➡️ 2024 will be transformational Last year, we laid the groundwork to ensure that there is no substitute for X — and we’re just getting started […]

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ForkLog 14 10.01.2024

SEC’s X Account Hacked to Announce Fake Bitcoin ETF Approval

The United States Securities and Exchange Commission’s (SEC) account on the X platform was compromised to publish a false message claiming approval of spot Bitcoin ETFs. The now-deleted tweet falsely stated that the regulator had approved the listing of products on all registered national securities exchanges, allegedly quoting SEC Chairman Gary Gensler. Source: Axios. “The […]

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ForkLog 19 09.01.2024

CoinGecko Highlights Promising Airdrops for 2024

Analysts at CoinGecko have compiled a list of potential airdrops for 2024, featuring projects such as StarkNet, LayerZero, MetaMask, and several others. On a look out for potential airdrops? ? Here’s a list of 15 possible crypto airdrops to look out for in 2024 including Starknet, LayerZero, MetaMask, and more!https://t.co/1SKfNPbCSB — CoinGecko (@coingecko) January 9, […]

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