CryptoFabgirl

Crypto execs say the bull run is underway and could lead to $100,000 bitcoin in 2024. Executives in the cryptocurrency industry called the start of a new bull run with a growing number of voices calling for fresh all-time highs for bitcoin in 2024 above $100,000.Blockstream CEO Adam Back predicts that Bitcoin might reach $100,000 before it's next halving. His bullish stance extends to a potential rise to $750,000-$1 million per token. Blockstream CEO Adam Back’s prediction that Bitcoin (#BTC) might reach $100,000 before its next halving has ignited a fervent debate within the cryptocurrency community.Bitcoin has rallied more than 120% this year, with many optimistic about the surge continuing into 2024.$BTC

Pro-soccer star Cristiano Ronaldo has been hit with a proposed class-action lawsuit by plaintiffs claiming they suffered losses from his promotion of crypto exchange Binance.A Nov. 27 filing to a United States district court in Florida claimed Ronaldo “promoted, assisted in, and/or actively participated in the offer and sale of unregistered securities in coordination with Binance.”#Binance entered a multiyear partnership with Ronaldo in mid-2022 to promote a series of his own nonfungible tokens (NFTs), with at least three of the soccer star’s collections tied to Binance. The complaint claims users who signed up for Ronaldo’s NFTs were more likely to use Binance for other purposes, such as investing in what they claim are unregistered securities, including Binance’s $BNB According to the complainant “Ronaldo’s promotions solicited or assisted Binance in soliciting investments in unregistered securities by encouraging his millions of followers, fans, and supporters to invest with the Binance platform.”Ronaldo was a key part of Binance’s growing popularity due to his influence and reach, with 850 million followers across social media, says the complaint. They allege his #NFT sales were “incredibly successful” at promoting the exchange, with a 500% increase in searches for Binance the week following the initial sale.The suit alleges Ronaldo knew or should have known “about #Binance selling unregistered crypto securities,” as he has “investment experience and vast resources to obtain outside advisers.”The suit cited U.S. Securities and Exchange Commission (#SEC ) guidance warning celebrities of the need to disclose payments received for promoting cryptocurrencies, which the complaint claims Ronaldo didn’t do.The class-action lawsuit plaintiffs are Michael Sizemore, Mikey Vongdara and Gordon Lewis, who seek damages and funds to cover legal fees.$BTC $ETH

The world’s largest cryptocurrency exchange by trading volume – Binance – announced it will delist BitShares (#BTS), PERL.eco (#PERL), Tornado Cash (#TORN), and Waltonchain (#WTC) from its platform. The amendment will become live on December 7, with the exact trading pairs being removed: BTS/USDT, PERL/USDT, TORN/BUSD, WTC/BTC, and WTC/USDT.The reason behind the delisting seems to be a variety of factors, such as reduced level of development activity, low trading volume and liquidity, evidence of unethical/fraudulent conduct or negligence, and others. The disclosure has negatively harmed the prices of the aforementioned crypto assets, with some experiencing double-digit declines. WTC has plunged by 35% for the past 24 hours (per CoinGecko’s data), TORN has dropped by 40%, while PERL has collapsed b$y 45%.$BTC $ETH $BNB

The price of the world’s largest cryptocurrency, bitcoin #BTC , surged to over $43,000 on the embattled crypto exchange Bittrex’s platform this week, amid news that it was shutting down all trading on its platform.Crypto exchange Bittrex Global announced plans to shut down this year, driving a price surge on its platform.This past week, Bittrex Global, headquartered in Liechtenstein, announced its plans to shut down by December 4 after facing regulatory hurdles in the United States.Following the news that it was ceasing trades by December 4 earlier this week,$BTC bitcoin’s price soared to $43,360 on the exchange. The U.S. arm of Bittrex shut down in March, thanks to a U.S. Securities and Exchange Commission lawsuit and statements that it was insufficiently “economically viable.” Although the company and the SEC reached a $29 million settlement, that did not stop it from closing business in the U.S."Regulatory requirements are often unclear and enforced without appropriate discussion or input, resulting in an uneven competitive landscape," Bittrex co-founder and CEO Richie Lai said earlier this year.“We built technology that was ahead of everyone at the time. Full-service API. Near instant atomic transactions. Wallet infrastructure, handling more wallets than anyone. Offline cold wallet solutions. We’ve never lost funds or been hacked. It was technology, simple and elegant,” Lai said about the end of the company.After December 4, Bittrex "customers will only be able to withdraw assets as part of the winding down process. All our customers are strongly encouraged to log into their account and withdraw assets as soon as possible," the company said in a statement. The company's 24-hour trading volume has moved to less than $6 million following news of the upcoming shutdown. $BTC $ETH