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Prime Trust Has ‘Shortfall of Customer Funds,’ Nevada Regulator Says

Crypto custody firm Prime Trust has “a shortfall in customer funds” and was unable to meet all withdrawal requests this month, the Nevada Department of Business and Industry said Thursday. The Department’s Financial Institutions Division (FID), which oversees state-regulated trust companies, ordered Prime Trust to cease all activities which violate Nevada regulations, alleging that the […]

Bitcoin Bobbles, Then Returns to Perch Above $30.1K as Investors Weigh ETF Prospects, Macroeconomic Data

After surging for two days on spot bitcoin ETF euphoria, the price of bitcoin (BTC), the largest cryptocurrency by market capitalization, stalled. BTC was recently trading at about $30,180, roughly where it stood 24 hours ago when investor optimism spiked after three financial services powerhouses, including BlackRock – the world’s largest asset manager – applied […]

Ethereum may consider DAO stablecoins for the future as ETH slides

Ethereum considered DAO-backed stablecoins as part of its future plans. ETH progressed towards strong buying momentum even though sell pressure thrived. Ethereum’s [ETH] co-founder, Vitalik Buterin, said in his 5 December blog post that DAO stablecoins could be integral to the project’s future. The crypto bigwig noted that the ability of these coins to allow collateralization makes […]

Coinbase Lists Low-Cap Ethereum-Based Altcoin That’s Up 30% in Last Seven Days

US crypto exchange Coinbase is giving surprise support for two Ethereum (ETH)-based altcoin projects, including one that’s outperformed much of the markets over the last week. In an announcement via Twitter, Coinbase says it will be listing decentralized cross-chain identity aggregator Litentry (LIT), and decentralized finance (DeFi) based NFT project Aavegotchi (GHST). LIT and GHST […]

Bitcoin on-chain data shows 5 reasons why the BTC bottom could be in

After a whirlwind November for Bitcoin (BTC), certain on-chain and Bitcoin price metrics are suggesting that BTC’s bottom could occur in December. In Capriole Investments’ latest report, they provide analysis on Bitcoin finding the bottom. When taking into realized value, miner capitulation, mining electrical costs, downdraw, and record holder numbers, a BTC floor of $16,600 […]

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