Author: American Coins & Gold

BTC Supply in Profit Nears 90% as Price Rallies on Expected Bitcoin ETF Approval
Just under half of the bitcoin supply was in profit at the start of last year.

Bitcoin Traders Seek Protection From Price Declines as ETF Deadline Looms: Deribit
Puts are overbought and calls [are] being sold, Deribit’s CCO Luuk Strijers told CoinDesk, noting the decline in the bitcoin implied volatility index.

Fake Bitcoin ETF Approval Tweet Causes M in Liquidations
Those tweets caused bitcoin prices to immediately spike to $47,680 from the $46,800 level. It then fell as low as $45,400 as the tweets were found to be fake.

Binance, KuCoin, Other Exchanges, Served Notice by Indian Government Removed From Apple’s App Store
Apple has removed Binance, KuCoin and other offshore cryptocurrency exchanges from its India app store days after nine such entities were sent compliance show cause notices by the Indian government.

Crypto OTC Volumes on Wintermute Soared 400% in 2023
Market maker says the uptick in over-the-counter trading was due to volumes moving off-exchange.

PayPal's Stablecoin Part of Third Largest Liquidity Pool on Curve
Curve’s FRAXPYUSD liquidity pool, which went live on Dec. 27, boasts the third largest TVL of $135 million.

Hacker Seized SEC Phone Number to Post Fake Bitcoin ETF Approval, X Says
The Securities and Exchange Commission (SEC) did not employ basic security measures on its X (formerly Twitter) account when it was “compromised” to spread false bitcoin ETF news, according to the social media company.

Crypto Boosters Attack SEC For 'Manipulating' BTC Market After ETF Tweet
Lawmakers and crypto boosters are asking questions about how the SEC’s X (formerly Twitter) account was compromised, leading to a bogus tweet on Tuesday.

Crypto Custodian BitGo Wins In-Principle Approval as Major Payments Institution in Singapore
Crypto custodian BitGo has been granted in-principle approval to operate as a Major Payment Institution (MPI) in Singapore.

Bitcoin Jumps, Then Dumps to K as Fake News About Spot Bitcoin Approval Liquidates M
The immediate price reaction showed that bitcoin’s price might be capped if a real approval arrives, one analyst noted.