Crypto Fintechzoom News And Updates | Right Now 2024

Crypto Fintechzoom is a platform that provides the latest news analysis and insights on the cryptocurrency and fintech sectors.

Whether you are interested in Bitcoin Ethereum blockchain NFTs or altcoins Crypto Fintechzoom has you covered with comprehensive and up-to-date information. Crypto Fintechzoom some of the highlights from Crypto Fintechzoom in the past week:

BlackRock’s ETF IBIT Soars | Cap In Crypto Milestone Surpasses $2 Billion Market

BlackRock the world’s largest asset manager launched its Bitcoin exchange-traded fund (ETF) IBIT on the Nasdaq on December 9 2023.

The fund tracks the performance of the Fidelity Bitcoin Index which is based on the spot price of Bitcoin from various exchanges.

In just two weeks IBIT has attracted more than $2 billion in assets under management (AUM) making it one of the most successful crypto ETFs in history.

This shows the growing demand and acceptance of Bitcoin as an investment asset among institutional and retail investors

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Bitcoin And Ethereum Price Prediction As BTC Bounces 5% And ETH Pushes Past $2200 – New Rally Starting?

Crypto Fintechzoom’s period of consolidation and correction Bitcoin and Ethereum have shown signs of recovery in the past few days. Bitcoin bounced back from the $40000 support level and surged 5% to reach $44000 on December 22, 2023.

Ethereum also broke out of the $2000 resistance zone and climbed above $2200 on the same day. Some analysts believe that this could be the start of a new rally for the two leading cryptocurrencies as they have regained their bullish momentum and market dominance.

However there are also some challenges and uncertainties ahead such as the regulatory pressure from the US and the EU the environmental concerns over crypto mining and the competition from other altcoins

New Solana Meme Coin ‘WEN’ Wallets How to Check Eligibility Airdropped to 1 Million

Solana the fast-growing blockchain platform that claims to offer scalability speed and low fees has seen a surge of meme coins and NFT projects on its network.

One of the latest examples is WEN a new meme coin that aims to poke fun at the crypto community’s impatience and anticipation for new developments and launches.

WEN which stands for “When Lambo?” “When Moon?” or “When Exchange?” was airdropped on December 21 2023 to 1 million Solana wallets..

The airdrop was randomly distributed to wallets that had at least 0.1 SOL in them. To check if you are eligible for the airdrop you can visit the WEN website and enter your Solana address

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Binance And SEC Clash Witness Depositions In Ongoing Legal Battle Over Evidence Production

Crypto Fintechzoom Binance the world’s largest cryptocurrency exchange by trading volume is facing a legal battle with the US Securities and Exchange Commission (SEC) over its alleged offering of securities-based products and services to US customers without proper registration.

The SEC filed a lawsuit against Binance in September 2023 accusing it of violating the federal securities laws and seeking to compel the exchange to produce documents and information related to its operations and compliance.

Binance has denied the allegations and argued that the SEC’s requests are overly broad burdensome and irrelevant.

The two parties have been engaged in a heated dispute over the scope and timing of evidence production and witness depositions with no signs of resolution in sight.

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AI And Crypto Mining

A new report by the International Energy Agency (IEA) has warned that the global energy demand for artificial intelligence (AI) and crypto mining will more than double by 2026 reaching 1100 terawatt-hours (TWh) per year.

This is equivalent to the annual electricity consumption of Japan the world’s third-largest economy. The report titled “Digitalisation and Energy Efficiency” examined the impact of digital technologies on energy use and efficiency across various sectors and regions.

It found that while AI and crypto mining offer significant benefits and opportunities for innovation and growth they also pose major challenges and risks for the environment and the energy system.

The report urged policymakers and stakeholders to adopt measures and standards to improve the energy efficiency and sustainability of these emerging technologies.

These are some of the latest news and updates from Crypto Fintechzoom. If you want to learn more about the cryptocurrency and fintech sectors you can visit their website or follow them on social media.

Crypto Fintechzoom is your go-to source for the most current and relevant information on the crypto fintech landscape. Stay tuned for more updates and insights from Crypto Fintechzoom.Crypto Fintechzoom News and Updates

Crypto Fintechzoom is a platform that provides the latest news analysis and insights on the cryptocurrency and fintech sectors.

It covers topics such as Bitcoin Ethereum blockchain DeFi banking investing and more. In this post we will highlight some of the recent developments and trends that Crypto Fintechzoom has reported on.BlackRock’s IBIT ETF Surpasses $2 Billion in AUM

BlackRock the world’s largest asset manager launched its Bitcoin exchange-traded fund (ETF) IBIT on the Nasdaq on December 8 2023. The fund tracks the performance of the Fidelity Bitcoin Index which is based on the spot price of Bitcoin from various exchanges.

Within two weeks of its launch IBIT surpassed $2 billion in assets under management (AUM) making it one of the most successful crypto ETFs in history. This shows the growing demand and acceptance of Bitcoin as an investment asset among institutional and retail investors.

 Bitcoin and Ethereum Price Prediction as BTC Bounces 5% and ETH Pushes Past $2200

After a period of consolidation and correction Bitcoin and Ethereum have resumed their bullish momentum in the past few days. Bitcoin bounced back from the $40000 support level and reclaimed the $45000 resistance level gaining 5% in 24 hours. Ethereum also broke out of the $2000 range and surged past $2200 reaching a new all-time high.

Analysts expect both cryptocurrencies to continue their upward trend as they are supported by strong fundamentals such as network growth adoption innovation and institutional interest.

Solana the fast-growing blockchain platform that competes with Ethereum has seen a surge of meme coins and NFT projects on its network.

One of the latest examples is WEN a new meme coin that claims to be the “ultimate answer to when” anything related to crypto will happen.

The coin was airdropped to 1 million Solana wallets on December 21 2023 as a surprise gift from the WEN team. The coin has no utility or value but it has gained popularity and attention among Solana users and fans.

Binance the world’s largest cryptocurrency exchange is facing a legal battle with the U.S

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