#Memecoin #BONK jumps 40% on #Coinbase listing, echoing #Doge and #Shiba's success.

Coinbase listing propels BONK's price 40%, reflecting market confidence and increased trading volume.
https://coinpedia.org/news/bonk-meme-coin-bites-back-with-40-surge-on-coinbase-listing/

Breaking News : SafeMoon has filed for Chapter 7 bankruptcy protection in the United States Bankruptcy Court for the District of Utah.

The announcement of the bankruptcy filing comes amid allegations of fraud and mismanagement that have plagued the company since its inception.

#Safemoon has filed for Chapter 7 #bankruptcy with a petition submitted to the United States Bankruptcy Court in Utah on December 14

$SMF Price fell 31% immediately following the bankruptcy filing before regaining slightly.
https://coinpedia.org/news/safemoon-files-for-chapter-7-bankruptcy-amid-allegations-of-fraud/

The Philippine SEC clarifies, offering a three-month grace period before banning unregistered #financial institutions. #Cryptonews

Ban takes effect in three months; possible extension considered. SEC prioritizes stability for investors during Christmas.
https://coinpedia.org/news/crypto-crackdown-sec-philippines-gives-3-month-deadline-to-register-or-face-ban/

First Trust Portfolios submitted Form N1-A for the #Bitcoin Buffer #ETF, providing a safeguard against initial losses.

Amid a surge in #BitcoinETF filings, the Bitcoin Buffer ETF offers protection but necessitates risk assessment
https://coinpedia.org/news/first-trust-portfolios-unveils-groundbreaking-bitcoin-buffer-etf/

#Bitcoin surpasses $44,000, attributed to potential SEC #ETF approval and macroeconomic factors by Pompliano.

Pompliano predicts a bullish trend, emphasizing historical cycles and caution against short selling in #crypto.
https://coinpedia.org/news/the-bitcoin-bull-market-has-begun-says-crypto-expert-anthony-pompliano/

Analyst Austin Hilton predicts #XRP's positive trajectory, anticipating growth beyond $4, emphasizing long-term #investment benefits.

Despite short-term fluctuations, Hilton highlights XRP's recent gains and anticipating a bullish 2024. #cryptonews
https://coinpedia.org/news/ripple-news-xrp-price-gears-up-for-2024-surge-aiming-for-0-6-shortly/

SEC Chairman #Gensler discloses ongoing review of 8-12 spot Bitcoin ETF applications, citing legal considerations.

Gensler expresses concerns about #crypto compliance, anti-money laundering, and commingling issues, while new #ETF filings emerge.
https://coinpedia.org/news/sec-chair-gensler-hints-potential-bitcoin-etf-approval-highlights-secs-new-look-post-court-rulings/

Ongoing hacking incidents, including Ledger, DOJ's $25M scam, #OKX's $2.7M hack, and more, raise concerns.

'Ledger hacker' exploits phishing, compromising wallets, emphasizing the need for enhanced #crypto security measures.
https://coinpedia.org/news/behind-the-scenes-heres-how-the-ledger-connect-hacker-fooled-users/

Despite #XRPL's significant growth and #NFT integration, #XRP's price stagnation challenges Metcalfe's Law predictions. #crypto

#Ripple's escrow dynamics and SEC's influence create complexity in explaining XRP's price stability amid XRPL growth.
https://coinpedia.org/news/ripple-news-cryptocurrency-community-debates-xrp-price-stagnation-despite-xrpl-growth/

🔵#Bitcoin (BTC) remains stable above $42,000.

🔵Various popular altcoins such as #Ethereum (ETH), #Solana (SOL), #Ripple (XRP), #Litecoin (LTC), and #Dogecoin (DOGE) experienced positive movement.

🔵Memecoin BONK is the top gainer for the second consecutive day, with a 76% surge in the last 24 hours.

🔵KuCoin Token (KCS) is the biggest loser, recording an 18% loss over the same period.

🔵The global #cryptocurrency market cap is $1.61 trillion, reflecting a 0.74% increase in the past 24 hours.

According to a recent Triple-A report, the global cryptocurrency market is experiencing significant growth:

Global Crypto Adoption: As of 2023, the estimated average worldwide cryptocurrency ownership is at 4.2%, with over 420 million users.

Top Countries by Crypto Ownership: The leading countries in crypto adoption include the United Arab Emirates, Vietnam, Saudi Arabia, the United States, Singapore, Iran, the Philippines, Ukraine, Venezuela, South Africa, Thailand, Brazil, Pakistan, India, France, Russia, Nigeria, Argentina, the United Kingdom, and Turkey.

Market Growth Projections: The global cryptocurrency market is projected to reach a valuation of $11.71 billion by 2030. This represents a compound annual growth rate (CAGR) of 12.5%, indicating a robust expansion of the sector.

These findings highlight the increasing global integration of cryptocurrencies and their significant impact on the financial landscape.



#Crypto #Adoption #Bitcoin #Countries #Coinpedia

#Coinbase, a major U.S. #crypto exchange, confronts SEC in court over denied #regulatory guidance, seeking clarity.

SEC defends stance on existing rules, while Coinbase emphasizes the need for clear #cryptoregulations.
https://coinpedia.org/news/coinbase-files-legal-action-against-sec-for-crypto-regulation-oversight/

🔵Global #cryptomarket cap: $1.6 trillion, down 0.57% in the last day.

🔵Total crypto market volume (24 hours): $59.34 billion, a decrease of 13.76%.

🔵#DeFi (Decentralized Finance) volume: $8.1 billion, representing 13.64% of the total crypto market volume in the last 24 hours.

🔵#Stablecoins volume: $53.16 billion, making up 89.57% of the total crypto market 24-hour volume.

🔵#Bitcoin's dominance: 51.67%, down 0.20% in the last day.

Seyffart highlights #tax benefits, minimal ( Net Asset Value) NAV-market differential, and strategic capital gains management advantages.

Seyffart contrasts tax inefficiencies in cash transactions, SEC reservations, but industry push for in-kind. #Crypto
https://coinpedia.org/news/navigating-tax-implications-in-bitcoin-etfs-bloomberg-analysts-take-on-in-kind-vs-cash-transactions/

Alderoty predicts SEC lawsuit conclusion, warns against "#regulation by enforcement," and foresees judiciary's role.

#Ripple's legal victories, #XRP's rebound, and cautious optimism for $1.50 amidst broader market dynamics.
https://coinpedia.org/news/ripple-prediction-for-2024-legal-challenges-and-xrp-price-path-to-1-50/

#Glassnode predicts #Bitcoin's next #halving on April 23, 2024, in ~130 days, influencing market dynamics.

Factors like #ETF approvals, corporate moves, and global policies shape #Bitcoin's complex price trajectory. #cryptonews
https://coinpedia.org/news/130-days-to-bitcoin-halving-will-btc-price-soar-to-69k-in-q1-2024/

#Bitcoin's exchange supply drops to 1.8-2M $BTC, suggesting scarcity, as #BlackRock's potential 1M BTC acquisition influences market dynamics.

Shifting narrative sees Bitcoin as an (Environment, Social, and Governance)ESG asset, while market sentiment remains cautiously optimistic amid volatility.
https://coinpedia.org/news/is-blackrock-poised-to-acquire-1-million-btc-for-its-etf-initiative/

The SEC plans a virtual examination of #Binance US’s technology amid ongoing legal disputes and challenges.

Binance US faces #regulatory hurdles, including opposition to SEC requests, lacking key licenses & operational challenges nationwide.
https://coinpedia.org/news/sec-eyes-virtual-inspection-of-binance-us-tech-systems/

Many centralised #crypto exchanges have published their reserves to increase transparency.

#Binance leads top crypto #exchanges with $75.06B in reserves, reflecting its significant market presence and trust, followed by #Bitfinex, #OKX, and others.



#Coinpedia #PoR