CryptoExplorer ✪

2023-03-24 11:42:14 Bitcoin at $100,000? Insiders say the cryptocurrency could test new highs this year
Marshall Beard, chief strategy officer at U.S.-headquartered cryptocurrency exchange Gemini, said $100,000 could be a possibility for bitcoin. “I think bitcoin probably breaks all-time highs this year,” Beard said, adding that the $100,000 price figure is an “interesting number.” Beard said that if bitcoin gets to its previous record high of near $69,000, “it doesn’t take much more for it to lift up” to $100,000. Bitcoin would need to rally around 270% to hit $100,000. Paolo Ardoino, chief technology officer at stablecoin issuer Tether, said bitcoin could “retest” its all-time high near $69,000. The predictions of new record highs mark a more optimistic outlook than in January when industry executives told CNBC that they expected 2023 to be a year of caution. Read more Open / Comment

2023-03-23 23:28:40 Bitcoin outperforms 97% of all S&P 500 companies in 2023
As the cryptocurrency market continues to brave through the financial crisis that has already crushed several major banking institutions, Bitcoin (BTC) has recorded better results than nearly 100% of the 500 leading publicly traded companies in the United States during the third month of 2023. Indeed, since March 10, the price of Bitcoin has increased by 37.06% and over 72% since the year’s turn, while the flagship cryptocurrency registered better year-to-date (YTD) returns than 488 or 97.6% of S&P 500 companies, including FedEx (NYSE: FDX), Apple (NASDAQ: AAPL), and Amazon (NASDAQ: AMZN), according to the data shared with Finbold by the crypto education platform CryptoManiaks on March 22. Read more Open / Comment

2023-03-23 18:46:38 Just in: SEC publishes Warning On Cryptocurrencies
The SEC’s Office of Investor Education and Advocacy continues to urge investors to be cautious if considering an investment involving crypto asset securities. "Investments in crypto asset securities can be exceptionally volatile and speculative, and the platforms where investors buy, sell, borrow, or lend these securities may lack important protections for investors". While this is true, there continues to be a lack of clear rules and guidance from the SEC, the industry continues to have no certainty as to what is now categorized as a security and what is not. Read more Open / Comment

2023-03-22 18:14:14 XRP Token Surges on Positive Outlook in Ripple vs. SEC Case
The XRP token surged over 20% in the past 24 hours after reports of its issuer, Ripple, being well-placed to win a landmark case with the U.S. Securities and Exchange emerged on Tuesday. The SEC sued Ripple in 2020, alleging the firm sold unregistered securities. On Wednesday, XRP traded at 45 cents with over $5 billion in trading volume. Over $17 million worth of XRP-tracked futures were liquidated as some traders were likely caught off guard, Coinglass data shows. Earlier this week, Ripple defendants submitted a new filing in support of their fair notice defense. The filing referenced rulings on SEC objections in the Voyager Digital Holdings bankruptcy case. It noted that in rejecting the SEC's objections, Judge Michael Wiles of the U.S. Bankruptcy Court for the Southern District of New York endorsed many of the arguments that Ripple defendants have presented. Read more Open / Comment

2023-03-21 11:00:53 Cryptocurrency Outlook Is Strengthened by U.S. Banking Turmoil: Coinbase
The medium to long-term outlook for the cryptocurrency market has been “reinforced to the upside” following recent turmoil in the U.S. banking industry, Coinbase (COIN) said in a report Friday. “Cryptocurrencies have exhibited some resilience, in part due to technical reasons,” but also because more people “now appreciate the fundamental value proposition of having an alternative to the points of failure inherent in the traditional financial system,” wrote David Duong, head of institutional research. The Federal Reserve’s policy of raising rates has led to falling prices of Treasurys, which lowered the value of banks’ portfolios. The ensuing collapse of Silvergate Bank, Silicon Valley Bank and Signature Bank (SBNY) has created panic in financial markets and sent banking stocks tumbling in global markets. Read more Open / Comment

2023-03-21 00:32:32 Goldman Highlights Bitcoin as Best-Performing Asset
Bitcoin has outpaced traditional investment assets and sectors, such as technology and gold, in year-to-date (YTD) absolute returns and risk-adjusted performance, according to recent data from Goldman Sachs. The leading cryptocurrency has gained 51% in YTD absolute returns, surpassing information technology (+16%), communication services (+15%), consumer discretionary (+11%), Russell 1000 Growth (+10%), gold (+4%), and the S&P 500 (+4%). Meanwhile, energy and crude oil have seen declines of 11% and 14%, respectively. Oil prices have dropped to their lowest level since December 2021 due to softer fundamentals and broader market concerns. The market's floor will depend on OPEC+ and the US. Read more Open / Comment

2023-03-20 01:16:35 This Week In Crypto (CW 11)
1. Sam Bankman-Fried petitions court to prioritize reimbursing his legal fees
2. The worse the banks are doing, the better the cryptocurrency is doing
3. Major Cryptocurrency ATM Manufacturer General Bytes Hacked, Over $1.5M in Bitcoin Stolen
4. Signature Bank closed by New York regulators for not providing data
5. US Fed announces $25B in funding to backstop banks
6. Bitcoin market cap flips tech giant Meta, widens gap on Visa

CW10 (last week) Open / Comment

2023-03-19 12:08:11 YouTube Influencers Slapped With $1 Billion Lawsuit for Promoting FTX
A group of investors who did business with defunct cryptocurrency exchange FTX brought a class action lawsuit against multiple internet influencers Wednesday, alleging the content creators pushed unregistered securities on their viewers and followers while promoting the collapsed exchange. The lawsuit seeks over $1 billion in damages and was brought against content creators that reached millions online, including BitBoy Crypto creator Ben Armstrong and finance YouTube creator Graham Stephan, among seven other individuals and the talent management firm Creators Agency. Read more Open / Comment

2023-03-17 17:09:04 Ethereum's next big upgrade Shapella expected to hit mainnet on April 12
Ethereum core developers are targeting April 12 to release the highly-anticipated Shanghai-Capella upgrade, or Shapella, on the mainnet. The main feature of the upgrade is Ethereum Improvement Proposal (EIP) 4895, which aims to enable validator staking withdrawals on the main network. This critical function was not introduced during Ethereum's switch to a proof-of-stake consensus in September to ensure a safe transition. Besides the withdrawals, developers have also planned three additional improvements aimed at optimizing gas costs for certain activities with the Shapella upgrade. Read more Open / Comment

2023-03-17 13:38:43 #Bitcoin above $26,500
Highest price in over 9 months! Open / Comment