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Solana’s (SOL) Web3 smart phone has sold out amid the price explosion of a memecoin built on the smart contract platform. Dogecoin (DOGE) competitor Bonk (BONK) is trading at $0.000021 at time of writing, a staggering 10,669% increase from the beginning of the fourth quarter. Solana Mobile announced last Friday that its smart phone , Saga, had sold out. The Ethereum (ETH) challenger first started shipping the web3-enabled phone s in April. One possible contributing factor to the sales: buying Saga came with a reward of free BONK, according to the project’s website. Decentralized finance (DeFi) crypto wallet Phantom indicates the size of the reward is 30 million BONK, which is worth more than $620 at time of writing. The Saga price was reduced to $599 in August. A Solana phone , equipped with the unclaimed BONK, was resold on eBay recently for $5,000. Other Sagas are currently being advertised on the e-commerce platform for prices ranging between $2,0...

Fund managers shifted preparations for the launch of spot Bitcoin ETFs (exchange-traded funds) into overdrive as Bitwise launched the first ETF advertisement, BlackRock tweaked its application to allow cash redemptions and got a ticker for its BTC ETF. Bitwise Asset Management unveiled its ad on Dec. 18 featuring actor Jonathan Goldsmith, best known as the “Most Interesting Man in the World” in Dos Equis beer commercials.                                              . “You Know what’s interesting these days?” he says in the short commercial. “Bitcoin.” A word to the wise, from a man of few words. #bitcoinisinteresting https://t.co/wantGiAIqJ pic.twitter.com/x5MPbElEev — Bitwise (@BitwiseInvest) December 18, 2023 The advertisement shows growing confidence among leading fund managers that the Securities and Exchange Commi...

December has brought a tumultuous journey for investors of Shiba Inu (SHIB), witnessing significant fluctuations in the meme coin’s price movements. Despite the market’s turbulence, SHIB has demonstrated a prevalence of upward trends over downward ones, achieving a notable feat by eliminating a zero and experiencing a nearly 16% surge. As we approach the year’s end, the crypto community eagerly awaits what lies ahead for SHIB, particularly fueled by hints from the elusive lead developer, Shytoshi Kusama, teasing a potential “year-ending surprise.” Present Market Scenario At the latest update, SHIB is currently trading at $0.00001009, indicating a 7% daily decline. Volatility appears to be the prevailing theme for the month, and this trend is expected to persist until the conclusion of December. According to Changelly’s Analysis , there is a forecasted 10% dip from the current value, projecting SHIB to reach $0.000009449 on December 29. However, t...

Dec 18, 2023 at 06:43 // Price Author Coin Idol The price of Solana (SOL) is still within the positive trend zone, even though the upward trend has come to a standstill. Solana price long term forecast: bullish On December 8, the current up trend was interrupted at the high of $75. The bullish momentum reached a high of $77 and $79 on December 9 and 15, respectively, but was rejected. The cryptocurrency traded below the recent high last week in anticipation of an up trend . Solana will reach a high of $100 if it breaks the previous high. The 21-day SMA su...

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The defi space has been relatively tranquil in recent times. At the beginning of 2023, the stablecoin trading project Platypus encountered a flash loan attack on AAVE, resulting in a loss of $9 million worth of assets. Since then, things have seemed to calm down in the defi space. You might also like: Embracing institutions today will keep defi’s tomorrow on track | Opinion Unfortunately, the lack of any earthshaking security breaches in the past few months should not be misinterpreted as a sign of great improvement in terms of safety. I think the defi space remains highly vulnerable to critical security lapses that could spell disaster for protocols. It is essential to be aware of these overlooked but significant risk factors that can cause major pitfalls in the protocol if not appropriately addressed. Let’s examine s...

1. Bitcoin Ordinals Achieves Historic Highs in Market Trading Volume and Independent Transaction Addresses link According to @domodata data panel, on December 14th, the trading volume on the Bitcoin Ordinals market exceeded $46 million, with 18,300 independent trading addresses, both setting new historical highs. Currently, OKX holds over 80% of the on-chain market share in terms of trading volume, transaction count, and independent address count on Ordinals. 2. Arbitrum One Sequencer Temporarily Interrupted Due to Surge in Engraving Activities link Due to the surge in network traffic caused by the Minting activity, the Arbitrum One sequencer experienced an interruption between 10:29–11:57 (Eastern Time) on the 15th. Currently, Arbitrum One Gas prices have stabilized, and network operations have returned to normal. According to Arbiscan data, on December 15th, the number of on-chain transactions on Arbitrum surged to 4.39 million, setting a new all-time high. Simultaneously, according ...

Prominent Qatari businessman and Janet Jackson’s ex-husband, Wissam al Mana, received a public apology from tech giant Meta as part of a settlement over crypto scam ads that used his likeness. On Friday, a court in Dublin heard Meta’s lawyers admit to “false, misleading and defamatory” ads that were published on Facebook in 2019, “by malicious third parties” without al Mana’s knowledge or consent. Details of the settle ment, agreed upon by both parties after a three-year battle, remain sealed. However, Meta has agreed to take “robust measures” against crypto scam ads in the future. As noted by the FT, it’s rare to see such a lengthy and expensive court battle waged against the tech giant. Al Mana is a prominent businessman in Qatar, helping to run his family’s Al-Mana Group — which distributes for well-known car and luxury brands like Hermès. The 48-year-old was previously married to popstar Janet Jackson. Th...

Polygon’s founder, Sandeep Nailwal, called Chainlink’s Data Feeds integration on Polygon a “game-changer for DeFi.” Nailwal said the integration will improve and open up new opportunities for players in Polygon’s DeFi space.  The founder said Chainlink’s CCIP technology places Polygon developers in a position to tap into emerging ecosystems. Sandeep Nailwal, founder of Polygon, took to X (formerly Twitter) to share his optimism following Chainlink’s Data Feeds integration on Polygon zkEVM, highlighting it as one of the significant strides on the blockchain heading into 2024.    Nailwal, in a tweet, noted that the recent development underscored the continued partnership between Chainlink and Polygon since 2021. According to the founder, the integration further opens up Polygon, as “Chainlink is now used by the largest protocols like Aave and Gains and secures 85-90% of the available liquidity.” Furthermore, Nailwal said the integration ushers Polygon i...

In an interview with CNBC, Gary Gensler said that recent court rulings are making the SEC take a “new look” at Bitcoin ETF proposals. Currently, there are many pending Spot Bitcoin ETF applications from multiple financial institutions, including Grayscale, Fidelity, and BlackRock. Gensler said Thursday that the SEC is considering “between eight and a dozen filings” for a spot bitcoin ETF. JUST IN: 🇺🇸 SEC Chair Gary Gensler says they are taking a new look at Spot #Bitcoin ETF's based upon court rulings. pic.twitter.com/mF50rLbrOK — Watcher.Guru (@WatcherGuru) December 14, 2023 However, Gensler went on to note the SEC’s previous denial of ETF proposals, as well as the current wedge between the regulator and the crypto industry. “We had in the past denied a number of these applications, but the courts here in the District of Columbia weighed in on that. And so we’re taking a new look at this based upon those court rul...

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Flare, a blockchain optimized for data, is partnering with Kinetic, a lending and borrowing platform, to bolster the development of decentralized finance (defi) applications on the Flare network. According to an exclusive press release shared with crypto.news, this collaboration aims to introduce lending and borrowing capabilities , deepen liquidity, and help build a robust defi ecosystem on Flare. Under the partnership, Kinetic, backed by Rome Blockchain Labs, will provide a seamless platform for Flare users to participate in defi activities and earn block rewards using their supplied digital assets.  The platform will also utilize Flare’s native price oracle, the Flare Time Series Oracle (FTSO), to ensure accurate and decentralized price feeds for lending and borrowing activities.  You might also like: ...

Russian officials consider treating mined cryptocurrencies as exportable products like gas. The Central Bank emphasizes that the proposed legislation aims to regulate the crypto industry. Regulations for cryptocurrency mining are expected to be in force by 2024. Russian officials are exploring the idea of treating mined cryptocurrencies as exportable goods, similar to the country’s approach with natural gas, Russian media RBC reported. The Deputy Minister of Finance, Ivan Chebeskov, revealed the proposal, explaining that they have developed a concept allowing miners to sell the digital assets they mine as an export product. During a round table on “Cryptocurrency and the future of digital finance,” Chebeskov mentioned, “There is an option and a bill – to use the export of cryptocurrency as a product of mining activity.” Similar to the special legislation for exporting gas, the Ministry of Finance, according to Chebeskov, “developed a co...

Giddy and Stripe integration offers users a fast and reliable crypto gateway with support for various payment methods. Giddy also expands its groundbreaking multi-factor private key solution to include native support for the Bitcoin network. Giddy’s mobile app is available on both the App Store and Google Play. Giddy, the self-custody smart wallet championing decentralized finance, has joined forces with leading payment provider Stripe to streamline cryptocurrency purchases. This collaboration marks a major leap in making cryptocurrencies more accessible to the public. Let’s delve into the details of how Giddy’s integration with Stripe and its native Bitcoin support are set to redefine the crypto landscape. Effortless crypto transactions for Giddy users The innovative smart wallet Giddy integration with Stripe, a renowned payment provider, enables Giddy users to purchase cryptocurrencies directly from the mobile app with unparalleled ease...

In the intricate world of cryptocurrencies, each market move and analysis can ripple across the ecosystem, impacting prices and investor sentiment. JPMorgan’s recent analysis of the potential impact of spot Bitcoin ETFs on Bitcoin prices has the market buzzing. Meanwhile, Rebel Satoshi ($RBLZ), a budding memecoin, is creating its own waves, rapidly gaining investor enthusiasm. The Bitcoin ETF Conundrum: JPMorgan’s Take JPMorgan , a global investment bank, has cast a critical eye on the forthcoming US Securities and Exchange Commission (SEC) decision regarding spot Bitcoin exchange-traded funds (ETFs). The bank’s analyst, Nikolaos Panigirtzoglou, has stirred up conversations with his predictions on how these ETFs might influence Bitcoin prices. The concern is centred around the Grayscale Bitcoin Trust (GBTC) and its possible conversion into a spot Bitcoin ETF .  Panigirtzoglou estimates a potential outflow of about $2.7 billion from GBTC ...

In another significant milestone for the leading meme-coin, Shiba Inu has reached 90 million total transactions on its Shibarium network. The network’s transactions skyrocketed in recent weeks, and according to Shibarium scan.io, total transactions have reached 92,638,385. Additionally, Shiba Inu wallet addresses have also increased to 1,304,953. Shibarium has processed over two million total blocks, bringing the total to 2,074,948. Source – Analytics Insight Furthermore, Shibarium had 7.84 million daily transactions in the last 24 hours. The network has consistently maintained an average of 7.5 million daily transactions over the past week. Analysis from Changelly indicates that Shiba Inu is set for a week marked by volatility. Much market shift and price fluctuation is expected for SHIB. In addition, some users are speculating that a new announcement coming from Shytoshi Kusama, the pseudonymous leader of Shiba Inu, will indicate a shift in Shibarium . ...

The crypto community is up in arms over the U.S. Senator’s attempt at introducing a bill skeptics say is aimed at curbing crypto currency growth and innovation. With the crypto community on edge after a tumultuous year that has seen the insolvency of FTX and problems at Binance, regulatory winds could well be on the horizon. U.S. Senator Elizabeth Warren has introduced a new bill aimed at regulating crypto currency. On Dec. 11, Warren introduced what is dubbed the Digital Assets Anti-Money Laundering Bill. The has already received support from several over Senators Raphael Warnock (D-Ga.), Laphonza Butler (D-Calif.), Chris Van Hollen (D-Md.), John Hickenlooper (D-Colo.), and Ben Ray Luján (D-N.M.).  The new bill expands the provisions of the Bank Secrecy Act to include a wide range of counterparties to include not only exchanges miners and validators, but also service providers, custodians and crypto wallet entities themselves. The crypto community believes the bill will not...

The major rally the crypto market is currently experiencing has sent many cryptocurrencies to price s not seen in over a year. In about two months, Bitcoin (BTC) rose from its relative stagnation between $25,000 and $30,000 to well above $40,000. Ethereum (ETH) is similarly close to the highs not seen since early 2022. Numerous altcoins have also pulled off impressive surges, with Solana (SOL) taking much of the spotlight in November – and remaining strong in December – and Bonk (BONK) surging many thousands of percent in recent months.  Another cryptocurrency that has been offering a very strong performance recently – particularly since the start of November – is Avalanche (AVAX). Driven by the current rally and a number of positive developments and important partnerships, such as those with AWS and BLRD, AVAX has risen 276.88% since January 1, 2023. These developments prompted many investors to wonder how much growing room Avalanche has left. In its s...

A US-based Crypto fund is reportedly offering to buy up secondary shares in prominent Crypto firms, including Animoca Brands and Chainalysis at an up to 80% discount . C1 Fund, which was launched by former Coinbase lawyers and investors, apparently has up to $500 million at its disposal and is specifically looking to acquire private holdings in crypto firms valued at no less than $300 million in their last funding round. According to a pitch deck seen by the Australian Financial Review, C1 wants to make the purchases for between $20 million and $50 million and it has reportedly met with a number of venture firms. The deck says, “Due to current market conditions in the public and private markets, hyperinflation, and rising interest rates we believe the digital assets market offers very attractive valuations in the secondary market .” Animoca Brands has a web3 portfolio worth $1.5B because it said so Read more: The crumbling empire of Fred Schebesta, Australia’s self-titled C...

The U.S. National Vulnerability Database (NVD) has recognized that BRC-20 standard tokens exploit a vulnerability in the Bitcoin code. According to the official notice, in some versions of the backbone of the network builders, Bitcoin Core and Bitcoin Knots, BRC-20 tokens bypass the established restrictions on the size of additional information contained in the “ inscriptions .” The Ordinals protocol allows them to obfuscate data by disguising it as code, as one code developer has already discussed. PSA: “Inscriptions” are exploiting a vulnerability in #Bitcoin Core to spam the blockchain. Bitcoin Core has, since 2013, allowed users to set a limit on the size of extra data in transactions they relay or mine (`-datacarriersize`). By obfuscating their data as program code,… — Luke Dashjr (@LukeDashjr) December 6, 2023 The agency has flagged “ inscriptions ” created using the Ordinals protocol as a cybersecurity threat to the Bitcoin (BTC) network. Bei...

Former TV show host and Binance co -founder , Yi He, took to social media late Saturday to shun off the exchange’s naysayers piling messages of FUD (fear, uncertainty, doubt) on the exchange. Her comments come on the heels of Binance founder Changpeng Zhao’s recent resignation as CEO and Binance US board chair. Alarmist talk will not kill Binance, it will only make more people stand with Binance. Because this is an era of highly transparent information, if you want, you can #DYOR! Technology changes the world. https://t.co/zqieqfvAbb — Yi He (@heyibinance) December 9, 2023 On X, He shared a screenshot of DeFillama’s CEX transparency chart, which showed Binance sitting atop with the most IOU assets and TVL, at $74.97 billion and $66.9 billion, respectively. She then quoted the X post, beckoning the crypto community to DYOR, or do your own research, “because this is an era of highly transparent information.” CEX Inflow, Assets and TVL chart. Source: DeFillama.com “Only tho...