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Bitget, the crypto exchange, experienced a remarkable year in 2023, with a 94% surge in spot trading volumes and the acquisition of 12 million new users. The decision to reopen the spot markets proved to be a successful strategic move, as the company's efforts in spot trading paid off significantly. Bitget cemented its position as a major exchange, with its trading volume reaching almost $30 billion in November 2023. Additionally, the company made significant advancements, including rebranding the BitKeep wallet, introducing a swap offering, and launching a fund called EmpowerX. With these achievements, Bitget is well-positioned for further growth and success in 2024. #CryptoNews

Bitget Marks 2023 End with 94% Jump in Spot Volumes and 12 Million New Users The Bitcoin market left behind a very long crypto winter in 2023, allowing companies in the industry to continue their dynamic development. Among them was Bitget, the crypto exchange that celebrated its fifth anniversary and expanded significantly across several key metrics. Gracy Chen, the Managing Director of Bitget, published an open letter in which she summarized the increase in spot volumes, employment growth, and the acquisition of a record number of clients, as well as outlined the exchange's plans for 2024. Bitget’s Spot Trading Volumes Surge 94% Although Bitget originally focused on crypto derivatives, the company reopened its spot markets in 2021. This strategic move paid dividends in 2023, with spot trading volumes rising 94% year-over-year. "Though originally focused on futures products, we reopened the spot market," said Chen. "In 2023, we went all-in in spot trading and our efforts have paid off significantly." The increase outpaced broader spot market growth and cemented Bitget as a major exchange. For example, Bitget's volume at the beginning of the year was $15.3 billion, and in the record-breaking November 2023, it grew to almost $30 billion. Over the year, the company, among other things, rebranded the BitKeep wallet to Bitget Wallet following its acquisition. It also introduced a swap offering, enhancing multi-chain trading capabilities. In the second half of the year, the exchange launched a fund called EmpowerX with a capital base of $100 million to invest in a range of cryptocurrency projects. #CryptoNews

Chainlink (LINK) has started the year with positive momentum, highlighted by a bullish pattern on its price chart, indicating a potential bull rally. This has attracted attention from investors and analysts, creating anticipation for upward price movements. A notable analyst, Ali Martinez, has identified a bullish pennant pattern forming on Chainlink's chart, suggesting a possible breakout to the upside. With favorable market conditions and the prospect of a potential breakout, Chainlink's price target of $34 seems within reach. #Chainlink #BullishPattern #CryptoAnalysis #PriceTarget

Chainlink Bullish Chart Pattern Hints At $34 Target – But Can It Break Through? As the calendar turned to 2024, numerous cryptocurrencies experienced a positive start, and among them, Chainlink (LINK) stood out. The notable highlight was the emergence of a bullish pattern on Chainlink’s price chart, indicating a heightened likelihood of an impending bull rally. This positive momentum in the early days of the year hinted at favorable market conditions for Chainlink and garnered attention from investors and analysts alike. The formation of this bullish pattern added an optimistic outlook to the prospects of Chainlink, creating anticipation for potential upward price movements in the near future. Bullish Pennant Signals Potential Breakout For Chainlink The Chainlink platform, which is compatible with Ethereum and well-known for enabling decentralized oracles, is currently trading above $15, data from Coingecko shows. Ali Martinez, a popular crypto analyst, pointed out a bullish pennant pattern being formed on Chainlink’s chart. The chart shows Chainlink’s price over the past few days. There is a bullish pennant pattern forming, which is a technical indicator that suggests a potential breakout to the upside. #CryptoNews

According to industry activist Samson Mow, issuers of potential spot Bitcoin exchange-traded funds (ETFs) will need to disclose on-chain addresses of their underlying Bitcoin holdings to compete with others. Mow states that verifiable on-chain proofs of Bitcoin reserves would be the best option for ETF issuers, but none of the current 14 applicants have taken steps to provide such proofs. Concerns have been raised about the legitimacy of spot Bitcoin ETFs, with suggestions that they could create unbacked BTC. Experts argue that holding actual Bitcoin is in the best interest of ETF issuers to maintain their reputation and trust. Investors can verify whether a BTC ETF provider holds Bitcoin by reviewing publicly available records from the provider. Regulators also monitor the underlying asset holdings of ETFs.

Bitcoin ETF race will push issuers to disclose addresses — Samson Mow Some issuers of potential spot Bitcoin BTCUSD exchange-traded funds (ETF) will eventually have to disclose the on-chain addresses for the underlying BTC to compete with other issuers, according to one industry activist. Disclosures of verifiable on-chain proofs showing Bitcoin reserves would be the best option for spot Bitcoin ETF issuers to ensure their holdings, according to Jan3 CEO Samson Mow. But none of the existing 14 applicants have been working to provide on-chain proofs, Mow said in an interview with Cointelegraph on Dec. 28. Some cryptocurrency observers have been skeptical about the underlying holdings of a spot Bitcoin ETF, with certain executives even suggesting that a spot Bitcoin ETF could potentially create “millions of unbacked BTC.” Experts like Bloomberg ETF analyst Eric Balchunas responded that holding actual Bitcoin would be in the “best interest” of ETF issuers because not doing so could mean they lose reputation and trust. According to Valkyrie co-founder and CEO Leah Wald, investors will be able to verify whether issuers of a spot BTC ETF actually hold Bitcoin by looking at regular publicly available records from the ETF provider. “In theory, it should be no different than verifying an equity ETF holds shares of the equity names it claims to invest in via the fund holdings,” Wald told Cointelegraph, adding that many regulators will monitor the underlying asset holdings. #CryptoNews

In response to the news about the potential approval of the first spot Bitcoin exchange-traded fund (ETF) in the United States, Peter Schiff, a known Bitcoin critic and gold advocate, has expressed caution. He believes that spot Bitcoin ETFs could have a detrimental impact on the price of BTC. Schiff argues that the anticipation of a spot Bitcoin ETF being listed in the U.S. has contributed to the increase in Bitcoin's price and speculative demand over the years. However, if the institutional demand that is expected to accompany the approval of an ETF does not materialize, it could lead to a collapse in the price of BTC. Despite receiving counter-arguments from Bitcoin proponents who compare it to the gold ETF's effect on gold demand, Schiff remains skeptical. In addition, the consultancy firm Matrixpoint predicts that the Securities and Exchange Commission is likely to reject all spot BTC ETF applications before the final deadline in January. #CryptoNews

Peter Schiff says spot Bitcoin ETF could crash BTC price Amid the mix of anticipation and skepticism about the potential approval of the first spot Bitcoin exchange-traded fund (ETF) in the United States, prominent Bitcoin critic and gold proponent Peter Schiff has warned BTC enthusiasts to be careful what they wish for. In a tweet on X (formerly Twitter), Schiff said spot Bitcoin ETFs could have a catastrophic impact on the price of BTC. Schiff said that the promise of a U.S.-listed spot Bitcoin ETF has supported the Bitcoin price and speculative demand for years. This could mean the approval of an ETF could collapse the price of BTC if the anticipated institutional demand doesn’t come. Schiff has long been a Bitcoin skeptic and has predicted its demise for years, only to be proven wrong each cycle. He received a barrage of responses to his tweet from BTC proponents who reminded him that just as a gold ETF didn’t hamper real gold’s demand, a spot iBitcoin ETF would only add impetus to the BTC market. However, Bitcoin proponents may have to wait a little longer for the first spot Bitcoin ETF in the U.S, according to data-centric consultancy firm Matrixpoint. The firm predicted that the Securities and Exchange Commission is likely to reject all spot BTC ETF applications before the final deadline of Jan. 10. #CryptoNews

Telegram trading bots are automated programs that can be integrated with the Telegram messaging platform. Users can easily communicate with these bots, provide commands, receive updates, and execute trades within the Telegram interface. For example, Unibot is a Telegram crypto bot that enables quick swaps and snipers with a low transaction fee. It offers a user-friendly experience, allowing trading without exiting the Telegram app, and includes features like DEX-based limit orders, decentralized copy trading, and defense against MEV bots. Currently, Unibot has a market cap of around $57.21 million according to CoinMarketCap. #CryptoNews

What are Telegram trading bots and how to use them in crypto? Telegram trading bots, explained Automated programs known as Telegram trading bots can be easily integrated with the Telegram messaging platform via its bot application programming interface (API). This integration allows users to communicate with the trading bot over chat, provide commands, get updates, and execute trades using interactive buttons or straightforward text commands within the Telegram interface. Unibet (Unibot) is an example of a Telegram crypto bot. It was designed to enable quick swaps and snipers; it was first presented as the fastest Telegram Uniswap sniper accessible for a 1% transaction charge. As a Telegram bot, Unibot allows users to trade cryptocurrencies without exiting the Telegram app. It is user-friendly and offers many features, such as decentralized exchange (DEX)-based limit orders, decentralized copy trading and defense against maximum extractable value (MEV) bots. According to CoinMarketCap, the market cap of Unibot stands at approximately $57.21 million. #CryptoNews

MicroStrategy's executive chairman, Michael Saylor, has decided to sell $216 million worth of his company shares in order to further increase his personal Bitcoin holdings. Saylor, a well-known advocate for cryptocurrency adoption, has revealed this plan in a regulatory filing with the SEC. The filing explains that he will be selling 315,000 MicroStrategy shares that he acquired through stock options, with 310,000 of them expiring in April. Saylor has already started the sell-off process, beginning with the sale of 5,000 shares on January 2, and plans to sell 5,000 shares per trading day over the next four months, depending on a minimum price condition. This move signifies Saylor's commitment and confidence in Bitcoin's future.

MicroStrategy’s Saylor Sells $216M of His Shares to Buy More Bitcoin MicroStrategy‘s executive chairman, Michael Saylor, has begun selling $216 million worth of his shares in the company. The decision reveals Saylor’s intention to utilize part of the proceeds to expand his personal Bitcoin holdings. Saylor, a prominent advocate for cryptocurrency adoption, unveiled this plan in a filing with the U.S. Securities and Exchange Commission (SEC). The regulatory filing reveals that Saylor is selling 315,000 MicroStrategy shares acquired via stock options. 310,000 of these were granted in 2014 and are set to expire in April of this year. Saylor has already begun the sell-off, initiating the process with the sale of the first tranche consisting of 5,000 shares on January 2. During MicroStrategy’s third-quarter earnings call, he disclosed his intention to sell 5,000 shares per trading day over the next four months, subject to a minimum price condition. Regarding the reasons behind this, Saylor stated. #CryptoNews

Crypto investors were left devastated as the well-known DeFi protocol Radiant Capital fell victim to an exploit, resulting in a loss of 1,900 ETH. The attack specifically targeted the newly established lending market for the USDC stablecoin on the Ethereum layer-two solution Arbitrum protocol on January 2, 2024. Following reports of an issue received by the Radiant team regarding the USDC market, the protocol's lending and borrowing markets were temporarily suspended for thorough investigation. The attacker cleverly exploited a rounding issue present in the smart contracts used in the Aave and Compound code, thereby beating the known Radiant Capital vulnerability. This unfortunate event serves as a reminder for investors to remain vigilant and proactive in ensuring the security of their crypto investments.

Crypto Investors Lose Millions Through Known Fault on DeFi Protocol Radiant Capital Cross-chain lending protocol Radiant Capital (RDNT) lost 1,900 ETH to a decentralized finance (DeFi) exploit that attacked a new lending market for the USDC stablecoin. The attacker targeted the Ethereum layer-two solution Arbitrum protocol on January 2, 2024. The Radiant team received reports of an issue regarding a new USDC market on Arbitrum late on January 2, 2023. Its DAO Council temporarily suspended the protocol’s lending and borrowing markets while they investigated the situation. DeFi Exploit Beats Known Radiant Capital Issue Blockchain security firm Peckshield said the attacker exploited a new USDC market six seconds after activation. The entity seems to have exploited an issue that affects lending markets forked from decentralized finance protocols Compound and Aave. They targeted a known rounding issue in the smart contracts used in the Aave and Compound code. #CryptoNews

The crypto market is at a pivotal moment, with bitcoin poised to break new highs. If bitcoin holds strong and reaches $48,000, an influx of $100 billion into altcoins could trigger an immense altcoin season. The potential announcement of a Spot Bitcoin ETF could expedite bitcoin's rise, further fueling the altcoin market. Investors may start reallocating funds from bitcoin to altcoins, as they seek to capitalize on their catching-up potential. This exciting development marks a crucial time for the crypto world.

Altcoin season on the horizon The crypto market has reached a critical point. If bitcoin continues to hold steady, another $100 billion could enter into the altcoins, sparking a massive altcoin season. Crypto has arrived at a very important juncture. Bitcoin has recently taken out last year’s high and looks to have its sights set on the all-important $48,000 level. Currently still holding firm above $45,000, $BTC could jump to $48,000 very quickly, especially if the announcement of a Spot Bitcoin ETF is made within the next few days. If the expected announcement is indeed made, and bitcoin does get up towards $48,000 to $50,000, a price hiatus for the king of the cryptocurrencies might take place. It could be at this point, with bitcoin having made its leap up, that investors start looking to take value out of bitcoin and put it into the altcoins, given that they would need to start playing catch up. #CryptoNews

Ever since the discussion about Ripple's XRP buybacks and its impact on price started, there has been a growing curiosity about their strategy. A community member, Crypto Mark, questioned the logic behind Ripple purchasing more XRP instead of distributing it. Mr. Huber, a respected member of the community, shed light on the dynamics at play. He explained that Ripple's transparency enables us to understand their approach and emphasized the importance of their buybacks in ensuring market liquidity. His statement suggests that their strategy of buying on open markets serves a purpose beyond just selling, ultimately benefiting the overall market.

Today is Bitcoin's 15th birthday and the crypto community is celebrating with joy. It is remarkable to see how Bitcoin, the trailblazer of digital assets, has evolved and grown over the years. One of the most surprising aspects is the recent green twist in its price chart, signifying a positive development in its value. This day holds historical significance as it marks the mining of Bitcoin's first block, the genesis block, which completely transformed the landscape of digital assets and financial markets. Back then, Satoshi Nakamoto, the anonymous creator of Bitcoin, mined this block and earned 50 BTC as a reward. What is truly fascinating is that within this block, there was a message that foretold the future: Chancellor on brink of second bailout for banks. This message remains relevant even today, highlighting the disruptive potential of Bitcoin in the traditional financial system. Little did the world know that this event would become the foundation for a trillion-dollar cryptocurrency market, with Bitcoin alone commanding an impressive $888 billion. The journey of Bitcoin over the past 15 years is a testament to the power of innovation and its ability to revolutionize the way we perceive and interact with money. Happy 15th birthday Bitcoin! #CryptoNews

Bitcoin Celebrates 15 Years with Green BTC Price Twist In a momentous celebration for the crypto community, Bitcoin, the pioneer of digital assets, marks its 15th birthday today with a surprising green twist on its price chart. The historic significance of Jan. 3 lies in the mining of Bitcoin's first block, known as the "genesis block," a milestone that reshaped the landscape of digital assets and financial markets. Fifteen years ago, Satoshi Nakamoto mined the inaugural block in the Bitcoin blockchain, earning a reward of 50 BTC. Embedded within that block was a message that resonates to this day: "Chancellor on brink of second bailout for banks." Little did the world know that this event would lay the foundation for a cryptocurrency market now valued in the trillions, with Bitcoin alone commanding an impressive $888 billion. #CryptoNews

The European Banking Authority (EBA) is intensifying its investigation into the connections between banks and non-bank financial institutions, including cryptocurrency-related entities, in order to better understand the potential impact on lenders, as reported by the Financial Times. With concerns about contagion, EBA Chair José Manuel Campa emphasized the need to delve further into these links and gain a comprehensive understanding of the entire chain of non-bank financial institutions. With NBFIs holding nearly half of the world's financial assets, this increased scrutiny is warranted. The EBA has already taken some measures by publishing draft rules on liquidity and capital requirements for stablecoin issuers and proposing regulations to vet individuals with significant stakes in crypto companies for criminal activities. Additionally, they have urged crypto companies to be vigilant in detecting potential money laundering through privacy coins or self-hosted wallets. #CryptoNews

EU Banking Watchdog to Deepen Probe of Links Between Banks, Crypto Entities: FT The European Banking Authority (EBA), the regulator that conducts stress tests on European Union banks, will take additional steps to predict how strains in non-bank financial institutions (NBFIs), including cryptocurrency-related entities, will affect the lenders, according to the Financial Times. Concern over contagion has triggered the need to "dig deeper into the links between banks and other financial firms," José Manuel Campa, EBA chair, said in an interview with the FT. "We should be doing more and we are going to be doing more. We need to have an understanding of the whole underlying chain in NBFIs.” According to the FT report, NBFIs hold around $219 trillion, almost half of the world's financial assets. The EBA has already taken some action to address the role crypto may play in stressing the system. In November, it published draft rules on liquidity and capital requirements for stablecoin issuers in line with the EU's new Markets in Crypto Assets (MiCA) regulation. It has also proposed rules that would see individuals with stakes of more than 10% in a crypto company vetted for convictions or sanctions and told crypto companies to watch for customers using privacy coins or self-hosted wallets to spot potential money laundering. #CryptoNews

Etherscan, the popular explorer for the Ethereum blockchain, has made an exciting move at the start of the year by acquiring Solscan, a prominent block explorer for the Solana ecosystem. This collaborative merging showcases Etherscan's commitment to expanding blockchain data services across multiple networks. Solscan, established in 2021, boasts a strong user base of over three million monthly users and a thriving community of more than 23,000 subscribers on X (formerly Twitter). The Solscan block explorer offers a range of features similar to Etherscan, including comprehensive address, token, and transaction data, APIs, dashboards, and NFT metadata. Etherscan's acquisition will ensure continued access to blockchain data in a neutral and equitable manner, and the integration of new features across various explorers will further enhance user experience. With Solscan's expertise in providing detailed insights and analytics, as well as making blockchain data accessible and user-friendly, it aligns perfectly with Etherscan's mission. This acquisition is undoubtedly a significant step forward for both platforms in the ever-evolving world of cryptocurrencies.

Etherscan acquires Solana block explorer Solscan amid SOL rally Etherscan, which operates an explorer for the Ethereum blockchain, is starting the year with new acquisitions related to the Solana blockchain. On Jan. 3, Etherscan officially announced the acquisition of Solscan, a leading block explorer for the Solana ecosystem. It said that the acquisition is a “collaborative merging” that continues Etherscan’s efforts to expand blockchain data services across multiple networks. Founded in 2021, Solscan has reportedly served over three million monthly users, while its community on X (formerly Twitter) has amassed more than 23,000 subscribers at the time of writing. The Solscan block explorer has many features familiar to users of Etherscan, including detailed address, token, transaction data, APIs, dashboards, and nonfungible tokens' (NFT) metadata. Following the acquisition, Etherscan will continue to provide “credibly neutral and equitable access to blockchain data,” the announcement notes. The firm also plans to integrate additional features across different explorers and offer enhanced support. “The Solscan team has proven their expertise over the years by offering detailed insights and analytics. Their expertise in making blockchain data accessible and user-friendly also aligns perfectly with our mission at Etherscan,” Etherscan CEO and co-founder Matthew Tan said. #CryptoNews

Etherscan's recent acquisition of Solscan, a Solana blockchain explorer, signifies its commitment to expanding its blockchain data services beyond Ethereum. Solscan's user-friendly design and powerful analytics capabilities have gained acclaim among its three million monthly active users. With this strategic move, Etherscan aims to provide comprehensive blockchain data across multiple networks. CEO Matthew Tan praises Solscan for their transparent and user-friendly rendering of blockchain data, aligning with Etherscan's goal of equitable and neutral access to information. This collaboration will enhance the user experience on both platforms, integrating valuable features and improving navigation and data accessibility.

Etherscan Acquires Solscan to Broaden Blockchain Data Access Etherscan, an Ethereum blockchain analytics and exploration tool, has announced its acquisition of Solscan, an equivalent Solana blockchain explorer. This strategic move marks Etherscan’s foray into offering diversified blockchain data services, extending its reach beyond the Ethereum network. Solscan, acclaimed for its user-friendly design and powerful analytics capabilities, caters to over three million monthly active users. The platform excels in offering in-depth analyses of the Solana network, encompassing transaction details, token tracking, and NFT metadata. Through this acquisition, Etherscan strengthens its dedication to delivering accessible and all-encompassing blockchain data across various networks. Matthew Tan, CEO of Etherscan, commends the Solscan team for their exceptional skill in rendering blockchain data transparent and user-friendly. This acquisition aligns with Etherscan’s objective of offering equitable and neutral access to blockchain information. The collaboration is poised to enrich the user experience on both platforms, integrating valuable features and streamlining navigation and data accessibility. #CryptoNews

Bitcoin, the groundbreaking cryptocurrency, celebrates its 15th anniversary amid a remarkable surge in value and widespread excitement about the prospect of a Wall Street ETF dedicated to tracking its spot price. This milestone is a testament to Bitcoin's unexpected trajectory, from a mere experiment to a global sensation and a trillion-dollar asset class. As we reflect on this historic day, we extend our heartfelt wishes for continued success to Bitcoin, whose influence and prominence in the financial world continue to grow. It's worth noting that Bitcoin enthusiasts worldwide recognize not one, but two significant dates as the cryptocurrency's birthdays, namely 3 January and 31 October. Regardless of the debate surrounding the true official birthday, these dates symbolize important milestones in Bitcoin's captivating journey. Cheers to Bitcoin's remarkable achievements and the exciting future that lies ahead for this transformative technology. #CryptoNews

Bitcoin Turns 15 amidst a Surge in Value and ETF Buzz Exactly fifteen years ago, an anonymous figure named Satoshi Nakamoto mined the Bitcoin genesis block, containing the first 50 BTC ever created. The anonymous mastermind behind the cryptocurrency, could not have anticipated the experiment’s evolution into a global phenomenon and a trillion-dollar asset class. Bitcoin's 15th anniversary occurs at a critial time, with its price at its highest level since April 2022. Also, the industry is eagerly awaiting the approval of the first-ever Wall Street ETF tracking the spot price of BTC. On this special day, we wish Bitcoin many more years of success! The Tale of Two Bitcoin Birthdays Bitcoin, the world's first and most popular cryptocurrency, has not one but two important dates that are celebrated by its enthusiasts worldwide. While there is some debate around which date marks Bitcoin's true birthday, 3 January and 31 October both represent major milestones in the technology's history. #CryptoNews

According to Christine Lagarde, the president of the European Central Bank, the euro has become the world's second most important currency in its 25 years of existence. Lagarde believes that the euro has granted the European Union greater autonomy and stability in an unpredictable global landscape. She also highlights the simplicity it has brought to the lives of European citizens, as well as its contribution to economic growth and job preservation. Although the euro has faced challenges, including a period of near parity with the US dollar in 2023, it has since recovered and currently trades at around €1:$1.11. #CryptoNews is not relevant to this discussion.

Taiwan's Financial Supervisory Commission (FSC) is taking a cautious approach to cryptocurrencies by instructing banks to deny virtual asset providers the status of merchants for credit card transactions. This move has created a significant ripple in the global financial landscape, effectively blocking credit card usage for cryptocurrency purchases in Taiwan. The FSC's concerns over the speculative and high-risk nature of virtual assets, as well as its emphasis on credit cards as consumer payment tools rather than investment vehicles, highlight the potential risks associated with digital assets. This regulatory stance prompts a critical examination of how it may impact consumer choice in the payments sector.

Taiwan's Regulatory Stance: Implications for Payments Industry Taiwan's Financial Supervisory Commission (FSC) has issued a directive, instructing banks to deny virtual asset providers (VASPs) the status of merchants for credit card transactions. This move signals Taiwan's cautious approach to cryptocurrencies, creating a significant ripple in the global financial landscape. As a result, credit card usage for cryptocurrency purchases is effectively blocked in Taiwan, prompting discussions on the broader implications for the payments industry. FSC's Concerns and Equations with High-Risk Transactions The FSC's directive, circulated to the Banking Association, highlights concerns over the speculative and high-risk nature of virtual assets. The regulator emphasizes that credit cards should primarily serve as consumer payment tools, not as vehicles for investment, wealth management, or high-risk speculative transactions. Drawing parallels with prohibited activities like online gambling and stock trading, the FSC underscores its perception of the potential risks associated with digital assets. This regulatory stance prompts a critical examination of how it may impact consumer choice in the payments sector. #CryptoNews

Bitcoin birthday: Celebrating 15 years since Satoshi Nakamoto mined the genesis block, the Bitcoin ATM network has played a crucial role in facilitating the exchange of local fiat currencies for Bitcoin. Starting in 2013, these ATMs have seen significant growth, with thousands being added each year globally. As Bitcoin adoption continues to rise, the network reached a peak of nearly 40,000 active ATMs in 2021, revolutionizing accessibility and making digital currencies more accessible to the masses. #Bitcoin #ATMnetwork #CryptoAdoption

Bitcoin Birthday: 15 years after Satoshi Nakamoto mined genesis block Bitcoin ATM Network Bitcoin ATMs were first conceived nearly five years after the first block was mined, with historical data confirming that the first ATM went live in October 2013. The motive was to provide another avenue for people to exchange their local fiat currencies for Bitcoin. While the Bitcoin ATM network saw staggered growth initially, thousands of Bitcoin and crypto ATMs were added yearly across the globe as mass Bitcoin adoption brewed. At its peak, nearly 40,000 Bitcoin ATMs were active on the network in 2021. #CryptoNews

Despite Ripple Labs' commitment to enhancing financial innovation and providing solutions for IT businesses, the XRP community has raised concerns about the company's repetitive messaging over the past three years. While some support Ripple's innovations, many complainants are motivated by the lackluster performance of the XRP price.

Ripple Labs' Payment Innovation Questioned by Community Ripple and seeming community backlash In one of its earliest posts of the year, the American payments firm reiterated its commitment to enhancing financial innovation and demonstrated how IT service businesses can leverage its technology for advancement. In the post, Ripple Labs detailed three key ways IT businesses can use its payment solutions. These include streamlining vendor payments, as merchants need a system that can function around the clock irrespective of time zone differences; instant payment settlements that are done more cheaply and improving transparency in general. While these solutions are mind-blowing, XRP community members noted that the company has been peddling the same conversation for more than three years. While the debate within the community is dual-faced, with some fully in support of Ripple’s innovations, the underlying motive for most complainants is the XRP price action. #CryptoNews

Radiant Capital has been hit by a flash loan attack, resulting in the loss of $4.5 million worth of ETH. The hack took place shortly after a stablecoin lending market was launched, with the attacker exploiting a rounding precision error in Compound and Aave forks. While lending and borrowing markets on Arbitrum have been suspended, Radiant assures users that their funds are safe. This incident underscores the importance of robust security measures in the ever-evolving world of DeFi. #Cybersecurity #DeFiSafety

Recent analysis from Matrixport suggests that the SEC will likely reject all pending Bitcoin spot ETF applications, contrary to consensus expectations. Matrixport advises investors to consider put options or direct shorting of Bitcoin due to the predicted significant decline in its price. Despite major financial institutions filing for Bitcoin spot ETFs, Matrixport highlights frequent meetings between the applicants and SEC staff, leading to the refiling of applications. However, these applications still fail to meet a critical requirement necessary for SEC approval, which may potentially be fulfilled by Q2 2024. The expectation, though, is that the SEC will reject all proposals in January. #CryptoNews