The Rehabilitation Trustee of the defunct crypto exchange Mt. Gox has confirmed that it has not sold its significant Bitcoin holdings despite transferring over 140,000 BTC today. The trustee clarified in a May 28 statement that preparations to repay creditors were ongoing. According to the firm, the bankruptcy process will compensate creditors with fiat currency,
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In the midst of a positive sentiment surrounding the cryptocurrency market, prominent crypto analyst and enthusiast Crypto Con has offered a bullish outlook on Bitcoin. By identifying historical patterns and analyzing past market behavior, the expert believes that the price of BTC could surge to $123,832 in the coming months. According to Crypto Con’s analysis,
Grayscale’s Ether exchange-traded fund (ETF) has recently gained approval from the U.S. Securities and Exchange Commission, sparking speculation about the potential impact on market outflows. A recent report by Kaiko suggests that if the trend set by Grayscale’s Bitcoin Trust is any indication, the Ether ETF could see an average outflow of $110 million per
As Ethereum (ETH) gains momentum, market experts are paying close attention to a significant technical breakout that could potentially propel the cryptocurrency to new heights. According to crypto analyst Jelle, Ethereum has recently broken out of a bearish pattern known as the “falling wedge,” turning key resistance levels into support zones. This breakout is seen
The European Securities and Markets Authority (ESMA) has recently put Maximum Extractable Value (MEV) under the spotlight as a form of illegal market abuse in the realm of cryptocurrency. This move, proposed under the Markets in Crypto-Assets (MiCA) regulation, has sparked discussions within the industry. Notably, Patrick Hansen, a respected voice on crypto regulations, shed
The cryptocurrency market is no stranger to volatility, and the recent case of the Normie (NORMIE) token is a stark reminder of the risks involved in investing in such assets. A smart contract exploit led to a drastic drop in the token’s value, causing significant losses for investors and highlighting the importance of security and
Floki Inu (FLOKI) has experienced a notable 20% increase in the last 24 hours, propelling its market capitalization to approximately $2.6 billion and granting it the fifth position in the meme coin realm. This surge in price may be attributed to heightened interest from traders, upcoming announcements, and a significant token burn enforced by the
Ethereum has had a crucial week, with technical analysts pointing to a candlestick arrangement that signals a possible sharp upturn in ETH prices in the near future. The ETH/BTC ratio, a key indicator closely monitored by analysts, has shown signs of reversing from a multi-year support trend line. This is significant, as history has shown
Sealana, the all-American hillbilly token based on Solana, has recently garnered over $3 million in a month during its presale. This new wave of Solana meme coins, including predecessors like DogWifHat, Bonk, Book of Meme, and Popcat, has captured the attention of investors globally. This surge in popularity indicates a growing interest in meme coins
In the world of cryptocurrencies, Shiba Inu ($SHIB) has emerged as a standout performer, surpassing major players like Bitcoin and Ethereum in terms of investment performance. With a current price of $0.00002547, Shiba Inu has seen an impressive 200% increase from its price a year ago. This growth far outpaces Bitcoin’s 158% increase, Ethereum’s 115%
SocialFi is the convergence of social media and decentralized finance (DeFi), reshaping traditional social media structures by giving users and creators more control and autonomy over their content. This innovative concept leverages blockchain technology to create a transparent and secure environment where users can earn digital currency through likes, shares, and comments. Decentralized finance (DeFi)
Toncoin (TON), the native token of The Open Network blockchain, has been making waves in the cryptocurrency market. According to recent analysis by CryptoQuant, the price of TON has outperformed Bitcoin by an impressive 118% since the beginning of 2024. However, despite its overall success, there are noticeable discrepancies in investor sentiment across different regions.
The Worldcoin project, led by Sam Altman, has recently hit a roadblock in Hong Kong as the Office of the Privacy Commissioner for Personal Data (PCPD) ordered the Worldcoin Foundation to cease all operations in the region due to violations of local privacy regulations. The PCPD discovered that Worldcoin had collected facial and iris biometric
The cryptocurrency exchange giant, Coinbase, has taken a bold step in the fight against online scams by launching the ‘Tech Against Scams’ initiative. This collaborative effort includes industry leaders such as Meta, Ripple, Gemini, Kraken, Match Group, and GASO. The aim of this coalition is to combat online fraud and financial schemes, while also prioritizing
The recent surge in the price of Bitcoin, reaching as high as $71,000 following the Ethereum ETF approval news, has garnered much attention in the cryptocurrency market. However, the subsequent correction to $67,000 and the subsequent consolidation range have left many wondering about the future direction of Bitcoin. Interestingly, Bitcoin whales, entities holding significant amounts
Back in the year 2010, the equivalent of 10,000 bitcoins was a meager two pizza boxes. Fast forward to today, and that same amount of BTC is worth an astounding $690 million, thanks to Bitcoin’s exponential growth. This significant increase in value highlights just how much the cryptocurrency landscape has evolved over the years. With
Bitcoin had a rollercoaster week, starting off struggling to stay above $66,000 but later skyrocketing to nearly $72,000 after the news of potential SEC approval of spot Ethereum ETFs. However, the excitement was short-lived as Bitcoin lost value in the following days, dropping to $66,400 before bouncing back to $69,000 by the end of the
The recent approval of the Ethereum Spot ETF has sparked a wave of speculations regarding its potential performance in comparison to Bitcoin-based ETFs. Bloomberg ETF analyst, James Seyffart, has offered insights into the matter, suggesting that the Ether spot ETFs may only attract up to 25% of the demand seen by their Bitcoin counterparts. Seyffart’s
In recent times, there has been a noticeable concern within the cryptocurrency community regarding the rise of tokens with high valuations but limited initial circulating supply. This has led to discussions about the sustainability of the potential gains for traders post token generation event (TGE). Binance Research has released a report confirming this trend, showcasing
In a recent announcement, OKX has decided to discontinue its centralized cryptocurrency trading services for residents of Hong Kong starting May 31, 2024. The exchange cited regulatory requirements as the reason behind this decision, mentioning that it will no longer provide virtual asset services to customers in Hong Kong after the specified date. Despite the
A darknet drug bazaar known as Incognito Market made headlines recently with the arrest of Rui-Siang Lin, a Taiwanese national, at New York’s John F. Kennedy Airport. Operating under the pseudonym “Pharoah,” Lin was the mastermind behind the platform, which facilitated the sale of illegal narcotics such as fentanyl. FBI Assistant Director in Charge, James
Ethereum exchange-traded funds (ETF) have been making headlines in the investment world, especially after the United States Securities and Exchange Commission (SEC) gave the green light for their listing. This approval has put these investment products in the spotlight, sparking interest and discussions among investors and experts alike. On the other hand, the Bitcoin spot
The Mollars token presale and project have recently shared a report through their official X profile, shedding light on some intriguing trends in the cryptocurrency market. The report indicates that the brand “MOLLARS” is gaining significant interest among crypto traders, with search volumes rivaling well-known tokens like Bonk Inu (BONK) and Pepe (PEPE). According to
In recent days, the price of Ethereum has been consolidating between the $3,949 and $3,627 range. This consolidation is a direct result of a recent rally that saw the price of the crypto asset spike upwards by over 10%. When prices are in a consolidation phase, it indicates that the market is building momentum for
After the Bitcoin halving in April, there have been high expectations for a major price breakout in the cryptocurrency market. However, Bitcoin recently experienced a retracement, falling from its recent high of $71,443 to $66,936. This price movement has kept analysts and investors on the edge as they anticipate the next move for the leading
The news of Kabosu, the beloved Shiba Inu who rose to fame as the face of the “Doge” meme, passing away at the age of 18 has left millions of fans mourning the loss of this iconic pup. Known for her endearing expression and the humorous captions that accompanied her photos, Kabosu captured the hearts
Recently, the bankrupt crypto exchange FTX concluded the sale of $2.6 billion worth of discounted Solana tokens. Figure Markets and Pantera Capital were some of the buyers who participated in the auctions and acquired significant amounts of SOL tokens at a discounted price. Figure purchased 800,000 coins for approximately $80 million, paying around $102 per