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Nexo leads 35+ crypto giants in a push for a Bitcoin emoji. The ‘Bitcoin Deserves an Emoji’ movement gains traction globally. The movement has surpassed 10,000 endorsements. In a groundbreaking move, Nexo, alongside over 35 major crypto organizations, is spearheading a campaign to establish a Bitcoin emoji . This initiative aims to solidify Bitcoin’s cultural and technological significance and has already garnered significant traction within the crypto community. Push for a Bitcoin emoji gains momentum The ‘Bitcoin Deserves an Emoji’ movement, backed by industry leaders such as Kraken, Brave, and Polygon, is swiftly gaining momentum. Within just one week, the petition to the Unicode Consortium amassed over 10,000 endorsements, signalling widespread support for the cause. With the goal set at 50,000 signatures, the initiative highlights the unity and strength of the global crypto community. The push for a Bitcoin emoji refle...

Bitcoin Dogs presale exceeds $11.2M in 28 days, poised for Tier 1 exchange listings. The project merges crypto and canine culture, offering Dogeverse for engagement. Bitcoin Dogs’ success comes amid BTC’s price surge and Elon Musk’s Dogecoin endorsement. Bitcoin Dogs, a pioneering project at the intersection of cryptocurrency and canine culture, has seen its presale soar past $11.2 million in just 28 days. With its presale set to conclude imminently, the project is making waves in the crypto community, attracting both investors and enthusiasts alike. Bitcoin Dogs: where crypto meets canine craze Bitcoin Dogs isn’t just another cryptocurrency project; it’s a vibrant ecosystem where dog lovers and crypto fanatics converge to trade, collect, and engage in a myriad of dog-themed activities. Positioned as the ultimate mashup of crypto and man’s best friend, Bitcoin Dogs offers a playground where fun is mandatory, and rewards ...

Bitcoin (BTC) eyes $80K amid institutional FOMO & strong hodling. Ethereum (ETH) bullish, targets $4,868 ATH with robust technicals. AltSignals (ASI) set a new ATH at of $0.006026. In the fast-paced world of cryptocurrency trading, accurate price predictions are highly sought after by investors looking to make informed decisions. Today, we delve into the latest price predictions for three prominent cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), and AltSignals (ASI). These predictions are based on a combination of market Analysis , technical indicators, and industry trends. Bitcoin price prediction: eyes on $80,000 Bitcoin, the pioneering cryptocurrency, is experiencing a surge in momentum, recently reaching a new peak of $72,800 on Binance. Analysts speculate that the price could climb even higher, potentially touching the $80,000 psychological level. The market is currently witnessing institutional FOMO (fear of missing out), as BTC holders ...

Honduras’ banking regulator the National Banking and Securities Commission, or CNBS, has announced an immediate ban that prohibits institutions from trading crypto. The banking regulator reached the resolution on Monday and cites fraud and money laundering among reasons for the move, Reuters reported. Honduras’ National Banking and Securities Commission, or CNBS, has banned institution s under its regulator y purview from trading crypto currencies. The banking regulator announced the measure this week, Reuters reported on Friday. According to the report, the CNBS’ resolution came into effect immediately, with the Central American country citing use of virtual assets in fraud and money laundering as key risks and the reasons for the ban. In this case, no institution supervised by the regulator can hold, intermediate, trade or invest in crypto tokens or such other unauthorized digital assets. Crypto fraud and money laundering While noting ...

Starting January 29, 2024, Google will allow US-based crypto trusts to advertise on its platform. Advertisers looking to promote crypto trusts must, however, undergo Google certification. Google’s policy update aligns with a broader industry trend and Bitcoin’s 74% surge in the past 90 days. In a strategic move, Google has revised its cryptocurrency-related advertising policy to permit ads for US-based crypto trusts, aligning with predictions of the approval of spot Bitcoin exchange-traded funds (ETFs) in the United States. This update, effective January 29, 2024, comes at a time of heightened anticipation in the crypto space, as industry analysts speculate a 90% chance of a US spot Bitcoin ETF approval by January 10, 2024. Google allows Ads for US crypto trusts The update explicitly mentions “advertisers offering Cryptocurrency Coin Trust targeting the United States.” Advertisers interested in promoting crypto trusts must undergo...

This year, Bitcoin ordinals and inscriptions have significantly impacted block space utilization, bolstering miner revenue through increased transaction fees. However, miners face challenges on the horizon as the impending halving event approaches. Since their introduction in February 2023, inscriptions have actively participated in the cryptocurrency ecosystem, buying up block space and filling the mempool. They have primarily occupied the remaining space after higher-value monetary transfers. Despite their contribution to transaction fees, analytics provider Glassnode reported that the number of pending transactions in its mempool has notably increased since May. Most of these unconfirmed transactions have a minimal data footprint. Inscriptions are sensitive to absolute fee amounts and can be displaced by more urgent monetary transfers. Glassnode pointed out that the surge in text-based inscriptions aligns with the rise in pending transactions, confirming that these compact inscr...

MicroStrategy says it acquired the additional 5,445 bitcoins for $147.3 million at the average price of $27,053 per coin. The company now holds 158,245 bitcoins acquired for a total of $4.68 billion. MicroStrategy Inc. (NASDAQ: MSTR), a leading finance software company, has added to its Bitcoin (BTC) haul again. In crypto news shared on Monday by Michael Saylor, the company’s founder and chairman, MicroStrategy recently acquired an additional 5,445 bitcoins to bring its total BTC holdings to over 158k. MicroStrategy now holds 158,245 bitcoins According to a filing with the US Securities and Exchanges Commission (SEC), MicroStrategy purchased the BTC for $147.3 million, acquiring each coin at the average price of $27,053. Per the document, the company now holds 158,245 BTC, which was cumulatively acquired for $4.68 billion. The average price of the entire acquisition is $29,582 per bitcoin. Saylor shared the news on his official X account on Monday. ...

An important technical event just occurred in the Bitcoin market. For the first time in more than a year, Bitcoin’s 50-Day Simple Moving Average (SMA), now at $19,825 just moved to the north of its 200-Day SMA, now at $19,723. When the 50-Day SMA moves above the 200-Day SMA, technicians refer to this as a “golden cross” – a sign that there has been a meaningful positive shift in the market’s momentum. Tuesday’s golden cross is only Bitcoin’s seventh in the last 10 years. Some analysts see a golden cross as a buy signal, or at least include it in the suite of technical and other indicators that they monitor when making trading decisions. Both the 50 and 200-Day SMAs are widely followed technical indicators by investors, hence a golden cross could potentially lead to higher buying pressure in the Bitcoin market, should it encourage more buyers to enter the market. What Next For Bitcoin After the Golden Cross? With the golden cr...

Source: AdobeStock / strixcode Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ Regulation news A Tel Aviv court issued a ruling last week allowing Israel's government to seize all the crypto in over 150 digital wallets that it had blacklisted for allegedly funding terrorist groups, a local Israeli media reported. Israeli Defense Minister Benny Gantz said that, since the ruling, the authorities seized $33,500 from digital wallets linked to the militant group Hamas. US Senator Sherrod Brown said on Sunday that US federal agencies must address the cryptocurrency market and “maybe” ban it after the FTX exchange collapse, per NBC. “Maybe banning it, although banning it is very difficult because it will go offshore and who knows how that will work. So this is a complicated, unregulated pot of money in so many ways,” Brown s...

The upward channel triggered a rebound in Bitcoin price above the $16,740 level on December 09, and it is now trading above the $17,200 level. Similarly, Ethereum has risen above the $1,280 level ahead of the US PPI figures, which are regarded as the most important economic event. On December 9, major cryptocurrencies traded in the green, with the global crypto market capitalization rising 2.42% to $859.97 billion in the previous day. Over the last 24 hours, overall crypto market volume grew 1.75% to $37.47 billion. Let's take a look at the top 24-hour altcoin gainers and losers. Top Altcoin Gainers and Losers Trust Wallet Token (TWT), Chain (XCN), and The Graph (GRT) are three of the top 100 coins that have gained value in the last 24 hours. TWT's price has risen nearly 9% to $2.65; XCN's price has risen more than 7% to $0.039; GRT's price has risen nearly 6.5%. Top Altcoin Gainers and Losers - Source: Coin360  Three of the top 100 coins that have l...

Dr. Adam Back. Source: video screenshot/YouTube The Bitcoin-focused development and infrastructure firm Blockstream is seeking fresh funds at a valuation that “may be below $1 billion,” or about 70% lower than its most recent funding round in 2021, according to a Bloomberg report. Blockstream’s valuation has likely been impacted by the collapse of crypto exchange FTX, as well as the generally bearish sentiment in the bitcoin and crypto markets, the report said, citing “people familiar with the matter.” Valued at $3.2bn in 2021 The firm, which is led by the Bitcoin pioneer and cryptographer Adam Back, was valued at $3.2bn during its latest funding round last year, when it raised $210m from a number of prominent companies. Among them was the major asset manager Baillie Gifford, and iFinex, the company behind crypto exchange Bitfinex and stablecoin issuer Tether. Asked by Bloomberg about the size of the funding round, Back reportedly declin...

The BTC/USD pair is trading sideways, maintaining a narrow range of $16,750 to $16,900 on December 8, but Bitcoin price prediction remains bearish following the breakout of an upward channel.   Bitcoin has dropped 75% this year from its previous high of $69,000. However, the cause of these massive drops could be attributed to various factors.  Recently, everything has negatively impacted the cryptocurrency market, contributing to losses in the world's largest cryptocurrency, Bitcoin, whether it's the dramatic collapse of FTX or increasing selling pressure as whales reduce their inflow volumes. Aside from the FTX collapse, BTC declines could be attributed to the miner capitulation risk continuing to haunt traders looking to enter long positions. Furthermore, according to ClimateTech Vice Chair Daniel Batten, nearly 29 mining companies account for 16.48% of the entire Bitcoin (BTC) network and use 90% to 100% renewable energy. Thereby, the BTC price...

Bitcoin price prediction turned bearish on November 7, following the bearish breakout of a major support level of $16,900. The breach of the upward trendline has increased selling pressure on Bitcoin, potentially leading to a drop to $16,500. Let's take a quick look at the market's fundamentals. Bitcoin Mining Bill Fails In Paraguay The Paraguayan legislature failed to pass legislation to regulate cryptocurrency mining in the country. A veto from President Mario Abdo Bentez prevented Paraguay's lower house from passing a bill to promote cryptocurrency mining through the use of excess power. The bill was archived by Paraguay's lower house of parliament, the Chamber of Deputies. The bill received 36 votes, five less than the required 41 votes. Members of Paraguay's Chamber of Deputies debated the benefits and drawbacks of capping power prices to encourage cryptocurrency miners to operate in the country. They did, however, vote against the measures....

On December 6, Bitcoin, the leading cryptocurrency, gave up most of its gains, having lost nearly 2% to trade at the $16,980 level. Most of the selling trends in the crypto market could be associated with a stronger US dollar. Interest rate speculation increased on Monday after a US services index indicated the economy was holding steady. Following news that the Institute for Supply Management's gauge of services increased unexpectedly in November, the Bloomberg Dollar Spot Index rose by as much as 0.8%, snapping a four-day losing streak. Ethereum, the second-most valuable cryptocurrency, has lost ground and slipped under $1,300 psychological trading levels.  Major cryptocurrencies were trading in the green early on December 6, even though the global crypto market cap had dropped 0.86% to $856.36 billion on the previous day. Over the last 24 hours, the total crypto market volume has increased by 26.48% to $40.21 billion.  DeFi's total volume ...

Source: Polkadot/Adobe The Japanese government is preparing to enshrine the Financial Action Task Force (FATF)’s crypto anti-money laundering (AML) guidelines into the legal code – after the country’s parliament voted in favor of the measure. NHK reported that MPs voted for the Revised Act on Prevention of Transfer of Criminal Proceeds in a vote late on Friday at a plenary session of the House of Councilors.  They also voted in favor of amendments to six existing laws, including the Act on Prevention of Transfer of Criminal Proceeds, the Act on Punishment of Organized Crimes, and the Act on Freezing International Terrorist Assets.  Many of these will build in crypto-specific wording to the terms of the acts – as per the FATF’s recommendations to the countries it regulates. The measures will boost the statutory penalties for crimes related to money laundering. They will allow law enforcers to freeze assets held on domestic platf...