Category: Regulation

Cardano Bags Big TVL Record amid Analysts’ Bullish Forecast

Vortex Cryptonews

Cardano has registered a new ATH in DeFi Total Value Locked. Along the broader market, ADA price fell but in recovery mode per capital influx from Bitcoin. Top market analysts have issued bullish price targets for Cardano. Cardano has been on an impressive bullish trend since November, riding on the victory of a pro-crypto leader in the United States. The cryptocurrency has recently begun to retest the upper border of a megaphone weekly chart pattern. Notably, the megaphone pattern is usually characterized by a series of higher highs and lower…

Cardano Whales Scoop 120M ADA in One Week: Further Rally Expected?

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Whales grabbed over 120M ADA tokens in the first week of December. Cardano’s strong fundamentals supported a bullish outlook for the altcoin’s value. Cardano whales bought 120 million ADA , worth $144M, in the past three days, a clear conviction that the altcoin could rally in the future. According to Santiment data, whale wallets holding 100M-1B ADA tokens increased their positions from 3.15 billion to 3.27 billion tokens between December 3 and 6. Photo: Santiment Crypto analyst Ali Martinez highlighted that a big chunk of the whale bid, 100M ADA,…

Australian Retirement Fund AMP Seeks Bitcoin Exposure with $27 Million Investment

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AMP’s Chief Investment Officer, Anna Shelly, highlighted that customers in the fund’s balanced and growth options are most likely to have exposure to Bitcoin. While AMP embraces Bitcoin, other major funds have opted not to follow it, citing concerns over Bitcoin’s volatility and lack of yield. Reserve Bank governor Michele Bullock echoed these concerns, stating that Bitcoin is unsuitable for the Australian economy. In a major announcement, Australia’s retirement fund AMP announced an investment of $27 million in Bitcoin thereby making a significant move in the asset class. This makes…

Binance Fixes Pudgy Penguins (PENGU) Token Glitch, Offers Generous Airdrop

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Binance compensates users with a 135 million PENGU token airdrop after data glitch. Trader earns $8.36M in 20 minutes by capitalizing on PENGU token’s price surge. has arrested the technical situation that earlier affected its listing of Pudgy Penguins (PENGU) tokens. As the world’s largest cryptocurrency exchange explained, the issues began as a result of a delay in updating data from CoinMarketCap. This meant that there were inconsistencies in the information on the market about the token’s capitalization and valuation. Binance Announces Compensation Plan As users noticed the discrepancies, Binance…

Merflodex – Fast, Secure, and Private Crypto-to-Crypto Swaps

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Merflodex: Unlock the Power of Fast and Secure Crypto-to-Crypto Exchanges As the world of cryptocurrency continues to expand, users demand reliable platforms for seamless digital asset exchanges. Merflodex offers a secure and efficient solution for crypto-to-crypto trading, with a focus on speed, privacy, and ease of use. Operating in 53 countries for over three years, Merflodex has earned the trust of crypto enthusiasts worldwide. Why Merflodex Stands Out in the Crypto Space 1. Exclusively Crypto-to-Crypto Merflodex is designed to facilitate quick and easy crypto-to-crypto swaps, eliminating the need for fiat…

Bitcoin ETF Ads Attract Chinese Investors on Alipay Platform

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The ads directed users to Huabao Overseas Technology C, which has indirect exposure to Coinbase stock and the ARK 21Shares Bitcoin ETF. Users who saw the crypto ads on Alipay speculated that the next step could be the ability to buy Bitcoin directly through the platform. Demand for spot Bitcoin ETFs has been on the rise with a record-breaking debut year for the product. Users of China’s largest payment platform Alipay saw new advertisements featuring ads related to spot Bitcoin ETFs and digital assets. The advertisement appeared on Alipay homepages…

Bitcoin Volatility Surges Near $100K: Will December BTC Price Break $120K?

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Bitcoin slipped below $100k, trading at $99,404 with a 1.74% intraday pullback, dragging the total crypto market cap to $3.55 trillion. The market saw $288M liquidated in the past 24 hours with $217M in long liquidations. Bitcoin spot ETFs recorded a net inflow of $2.73 billion last week. Historical trends show that positive Novembers often lead to bullish Decembers, suggesting BTC could hit $120K by year-end. With the sudden increase in fluctuation in Bitcoin near the $100,000 milestone, the crypto market is witnessing a surge in volatility. Bitcoin price has…

Coinbase Responds to User Complaints amid Account Restrictions and Fraud Concerns

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Coinbase dismissed claims of account restrictions as exaggerated FUD. The exchange reported preventing tens of millions in customer losses amid rising fraud. It assured users that affected accounts will be addressed. has addressed claims from customers on its X account regarding sudden account restrictions. The exchange stated that it is not ignoring these complaints and assured users that its team is working diligently to resolve the issues. There have been various reports of Coinbase users being targeted by hackers. A pseudonymous security researcher with more than 20,000 followers pcaversaccio on…

Bitget Plans to Enter the US Market as Pro-Crypto Sentiment Grows

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Bitget is revisiting plans to enter the US market, leveraging potential regulatory clarity under a pro-crypto Trump administration. Bitget may partner with licensed US firms to simplify regulatory processes and fast-track its entry into the American crypto ecosystem. Leading cryptocurrency exchange Bitget is gearing up for a potential entry into the United States market, spurred by optimism surrounding the incoming pro-crypto Trump administration. The exchange, known for its rapid growth and innovative strategies, is exploring partnerships with US-licensed firms to navigate the country’s regulatory complexities efficiently. According to a CoinDesk…

Blockchain Infrastructure Provider Orbs Pushes THENA to New Heights Following $600,000 Investment

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Orbs invested $600,000 in THENA in late 2023, helping the decentralized exchange achieve significant milestones including a Binance listing in November 2024. Orbs also provided THENA with advanced tools like dTWAP, dLIMIT, Liquidity Hub, and Perpetual Hub to enhance trading and liquidity management. Layer-3 blockchain infrastructure provider Orbs announced Friday that it played a significant role in transforming the fortunes of THENA, a decentralized exchange (DEX) based on the BNB Chain (BEP-20). With a $600,000 investment in late 2023, coupled with advanced trading technologies and strategic collaborations, Orbs said it…