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20% Profit by Just Buying OP (Optimism)
The crypto market started with the left foot this week, as the total crypto market cap nosedived by 5% to $1.5 trillion from $1.6 trillion.
Optimism (OP) joined this bearish party, ending the past week down nearly 20% to trade at $2.83 at press time.
However, data shows that over 85% of OP holders are in significant profit
$BTC #Optimism
The crypto market started with the left foot this week, as the total crypto market cap nosedived by 5% to $1.5 trillion from $1.6 trillion.
Optimism (OP) joined this bearish party, ending the past week down nearly 20% to trade at $2.83 at press time.
However, data shows that over 85% of OP holders are in significant profit
$BTC #Optimism
Ethereum Faces Anticipation, Now Extending to March... SEC Review Impact Looms.
The U.S. Securities and Exchange Commission (SEC) surprised the market by delaying the review of BlackRock's Ethereum Exchange-Traded Fund (ETF), setting a new deadline for March 10. BlackRock, the world's largest investment firm, officially filed the ETH-based fund proposal in November. This move follows the recent postponement of Fidelity's Ethereum ETF proposal by the SEC. Delays in Ethereum ETF decisions are expected to occur sporadically, with May 23 marked as a crucial date for the SEC's final verdict on VanEck's proposal, the first of seven awaiting approval.
SEC Commissioner Hester Peirce emphasizes the importance of avoiding arbitrary delays, seeking a smoother process than experienced with Bitcoin ETFs.
$ETH #SEC. #up
The U.S. Securities and Exchange Commission (SEC) surprised the market by delaying the review of BlackRock's Ethereum Exchange-Traded Fund (ETF), setting a new deadline for March 10. BlackRock, the world's largest investment firm, officially filed the ETH-based fund proposal in November. This move follows the recent postponement of Fidelity's Ethereum ETF proposal by the SEC. Delays in Ethereum ETF decisions are expected to occur sporadically, with May 23 marked as a crucial date for the SEC's final verdict on VanEck's proposal, the first of seven awaiting approval.
SEC Commissioner Hester Peirce emphasizes the importance of avoiding arbitrary delays, seeking a smoother process than experienced with Bitcoin ETFs.
$ETH #SEC. #up
Regulatory Storm Looms Over Ripple as SEC Demands Changes and Million-Dollar Fines
Amid SEC scrutiny, legal expert Bill Morgan suggests Ripple may need to rethink its XRP sales approach, impacting its On-Demand Liquidity (ODL) operations. The SEC emphasizes document requests crucial for determining sanctions, focusing on potential non-compliant sales practices by Ripple's ODL clients. Seeking an injunction, the SEC prioritizes future compliance over past actions. Ripple's response and potential adjustments could sway XRP's market behavior, currently valued at $0.51231, as lega
Bitcoin Below 40K, Yet Cuba Embraces Financial Education for Adoption
Cuba is set to host the third edition of the "Mi Primer Bitcoin" program, offering free cryptocurrency education to Cubans in La Habana and Sancti Spíritus simultaneously. With just 30 available slots, the course will run on Saturdays from February 3 to March 9, aiming to equip participants with knowledge about peer-to-peer electronic cash.
Led by certified educators from El Salvador's Mi Primer Bitcoin, Forte11 and Catrya, this initiative follows the success of the first edition held in Cuba last September, where over 21 individuals engaged in BTC classes. The growing interest in Bitcoin in Cuba, especially in remittances and digital payments, prompts the community to envision broader adoption and aims to educate 100,000 people.
Cuba's Bitcoin community is eager for more educational initiatives, events, and cryptocurrency-related gatherings to address economic challenges and position Bitcoin as a viable solution.
Source: CriptoNoticias.
#CriptoNoticias #catnews #cuba #miprimerbtc $BTC $ETH
Cuba is set to host the third edition of the "Mi Primer Bitcoin" program, offering free cryptocurrency education to Cubans in La Habana and Sancti Spíritus simultaneously. With just 30 available slots, the course will run on Saturdays from February 3 to March 9, aiming to equip participants with knowledge about peer-to-peer electronic cash.
Led by certified educators from El Salvador's Mi Primer Bitcoin, Forte11 and Catrya, this initiative follows the success of the first edition held in Cuba last September, where over 21 individuals engaged in BTC classes. The growing interest in Bitcoin in Cuba, especially in remittances and digital payments, prompts the community to envision broader adoption and aims to educate 100,000 people.
Cuba's Bitcoin community is eager for more educational initiatives, events, and cryptocurrency-related gatherings to address economic challenges and position Bitcoin as a viable solution.
Source: CriptoNoticias.
#CriptoNoticias #catnews #cuba #miprimerbtc $BTC $ETH
Davos Controversy: Ripple CEO Questions Dogecoin's Utility
During the "Clear-Eyed About Crypto" panel at the World Economic Forum in Davos, Ripple Labs CEO Brad Garlinghouse cast doubt on the utility of Dogecoin. His remarks triggered a spirited defense from Dogecoin's co-creator, Billy Markus, sparking heated discussions within the cryptocurrency community. Despite the controversy, Dogecoin has proven resilient in the market, experiencing a minor setback followed by a recovery and consistent performance. The discussions in Davos and subsequent online d
Bitcoin Liquidating Over $300 Million in Futures Trades.
The recent drop in Bitcoin's price led to massive liquidations of leveraged positions in the futures market, resulting in losses exceeding $330 million in the past 24 hours. Approximately 87% of these liquidations were from bullish positions, according to Coinglass data. The decline in Bitcoin's value, falling below $40,000, triggered a cascade of liquidations, particularly affecting those anticipating a price increase. The total liquidations, both bullish and bearish, have now surpassed $400 million in the last two days.
Source: CriptoNoticias.
$BTC #criptonoticias #btc #traders #short #future
The recent drop in Bitcoin's price led to massive liquidations of leveraged positions in the futures market, resulting in losses exceeding $330 million in the past 24 hours. Approximately 87% of these liquidations were from bullish positions, according to Coinglass data. The decline in Bitcoin's value, falling below $40,000, triggered a cascade of liquidations, particularly affecting those anticipating a price increase. The total liquidations, both bullish and bearish, have now surpassed $400 million in the last two days.
Source: CriptoNoticias.
$BTC #criptonoticias #btc #traders #short #future
Binance to Face SEC Lawsuit in Crucial Court Hearing
Summary: In a pivotal court hearing, Binance, the largest cryptocurrency exchange, seeks the dismissal of an SEC lawsuit involving allegations of volume manipulation, trading in unregistered securities, and providing misleading information. The accusations also involve failure to prevent U.S. customers from accessing its services. Binance previously settled with the DOJ and CFTC for $4.3 billion over financial misconduct. Challenging the SEC's jurisdiction, Binance claims differences between traditional securities laws and new business frameworks.
By Investing.com
#binance #criptomoneda #btc #doj $BTC $ETH $BNB
Summary: In a pivotal court hearing, Binance, the largest cryptocurrency exchange, seeks the dismissal of an SEC lawsuit involving allegations of volume manipulation, trading in unregistered securities, and providing misleading information. The accusations also involve failure to prevent U.S. customers from accessing its services. Binance previously settled with the DOJ and CFTC for $4.3 billion over financial misconduct. Challenging the SEC's jurisdiction, Binance claims differences between traditional securities laws and new business frameworks.
By Investing.com
#binance #criptomoneda #btc #doj $BTC $ETH $BNB
Global cryptocurrency adoption grew by 34%, reaching 580 million owners in 2023, according to a report by Crypto.com.
Bitcoin leads with 296 million holders, representing 51% of the global cryptocurrency ownership. Ethereum follows with around 124 million owners, a 39% increase. Enthusiasm for Bitcoin and Ether ETFs drove adoption in the last quarter of 2023, coinciding with significant increases in BTC and ETH prices. The Ethereum upgrade in Shanghai also contributed to the growth.
Source: Invezz
$BTC $ETH
#Bitcoin🔴 #invezz #notcoin #catnews
Bitcoin leads with 296 million holders, representing 51% of the global cryptocurrency ownership. Ethereum follows with around 124 million owners, a 39% increase. Enthusiasm for Bitcoin and Ether ETFs drove adoption in the last quarter of 2023, coinciding with significant increases in BTC and ETH prices. The Ethereum upgrade in Shanghai also contributed to the growth.
Source: Invezz
$BTC $ETH
#Bitcoin🔴 #invezz #notcoin #catnews
Crypto Markets Roiled by $100M Liquidations; Regulatory and Federal Reserve Factors in Focus.
Cryptocurrency markets witness turmoil with over $100 million liquidated. Incident at OKX underscores risks, while the upcoming Federal Reserve meeting and SEC regulations impact investor confidence and institutional strategies.
#okx #FederalReserve #bitcoin #catnews $BTC
Cryptocurrency markets witness turmoil with over $100 million liquidated. Incident at OKX underscores risks, while the upcoming Federal Reserve meeting and SEC regulations impact investor confidence and institutional strategies.
#okx #FederalReserve #bitcoin #catnews $BTC
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#MyFirstFeedPost Profit taking is one of the factors that is putting downward pressure on bitcoin.