After a prolonged period of contemplation, the lawyers representing FTX, the now-defunct exchange, have made the decision to abandon the idea of restarting the company. Instead, FTX will dissolve once all outstanding debts have been settled. This sudden change in plans was recently announced by Andrew Dietrich, one of the legal representatives for FTX. Although
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The Korea Financial Intelligence Unit (KoFIU) is taking significant steps to tighten its supervision over the cryptocurrency industry in South Korea. The KoFIU recently unveiled a comprehensive plan to enhance regulatory oversight and consumer protection. This move comes as part of the country’s efforts to strengthen financial monitoring in the rapidly evolving digital asset market.
Legendary Solana meme coin BONK has recently experienced a minor localized price drop, leading holders to question whether it is heading towards zero. In this article, we will analyze BONK’s current price trends and evaluate the potential of another meme coin, Meme Kombat, as an investment opportunity. Additionally, we will introduce Sponge V2, a new
Amidst the chaos and volatility of 2022, industry experts are foreseeing a bright future for Bitcoin (BTC) in 2024. Several factors contribute to this positive sentiment, with one of the most significant being the highly anticipated Bitcoin halving event. Scheduled for April 2024, this event occurs every four years and reduces the block reward for
In a recent development, Ethereum co-founder Jeffrey Wilcke’s wallet has made a significant deposit of 4,300 ETH to a cryptocurrency exchange. This deposit amounts to 22,000 ETH, valued at approximately $41.1 million at the time. The market has been buzzing with renewed interest and excitement as a result of this deposit. This deposit is particularly
Elon Musk has been ordered to testify in a US Securities and Exchange Commission (SEC) inquiry regarding his acquisition of social media platform Twitter, now known as X. The court filing reveals that Judge Laurel Beeler upheld the SEC’s authority to gather relevant information for the investigation through a subpoena. The judge’s decision affirms the
Bitcoin (BTC) has been on a recovery path after a bearish January, with its price gaining 11.02% in the last week, reaching the $47,000 zone, according to data from CoinMarketCap. In light of this, renowned crypto analyst Adam Back predicts that BTC could potentially hit the $100,000 price mark before the anticipated halving event in
Bitcoin, the world’s leading cryptocurrency, has reached a new monthly peak at $48,600. After a period of consolidation, where the price remained stagnant at around $43,000, the bulls took control of the market and initiated a series of rallies. Bitcoin witnessed a gradual climb, breaching the $47,000 mark by the end of the week. However,
Chinese Bitcoin miners have shifted their focus to Ethiopia as they seek affordable energy and favorable climates. This strategic move comes after facing regulatory restrictions in China, prompting these miners to explore locations that offer low-cost electricity and friendly regulations. Ethiopia presents a unique opportunity for Chinese Bitcoin miners due to its extremely low electricity
Cardano, one of the major cryptocurrencies in the market, has seen a modest 3.76% gain in the past week, propelling its price towards $0.55. This level is crucial in determining its short-term price trajectory, and the current on-chain data suggests that the bulls are actively pushing the crypto towards this threshold. Bullish Sentiment The surge
In the ever-volatile world of cryptocurrency, Bitcoin continues to amaze with its positive price performance. Over the past 24 hours, the flagship cryptocurrency has surged above $48,000, reaching a new monthly peak. This is a significant milestone for Bitcoin, as it indicates a renewed bullish sentiment in the market. The week started on a positive
The options market for Ethereum (ETH) is experiencing an interesting trend, according to recent data from Deribit, a leading platform for crypto futures and options trading. The data reveals a significant concentration of call options centered around the $4,000 strike price for both the June and September expiries. This particular accumulation of ETH call options
Bitcoin (BTC) has shown continued upward movement, gaining 4.04% in the last day to briefly surpass the $48,000 mark. However, there is growing speculation among investors and market experts regarding the token’s next move. Notably, analyst Ali Martinez has made a significant prediction that could result in substantial losses for many investors. The Impending Liquidation
The founder of Crypto Capital Venture, Dan Gambardello, has expressed his optimistic outlook for Cardano (ADA) in the next bull run. Gambardello believes that ADA has the potential to be one of the best-performing cryptocurrencies during this period. His analysis is based on previous market cycles and the impressive performance of ADA. Gambardello highlights that
The New York Attorney General’s Office (NYAG) has recently expanded its fraud claims against Digital Currency Group (DCG) and related parties. Initially alleging over $1 billion in losses, the NYAG has now amended the lawsuit to include an additional $2 billion, bringing the total to a staggering $3 billion. These alleged losses are said to
As the Cardano price continues its upward trajectory towards $0.55, investors are keeping a close eye on a green crypto project that has been gaining traction – eTukTuk. While Cardano has shown potential for gains, eTukTuk is attracting more and more investors with its innovative approach to sustainable transportation in developing nations. With its focus
Since its successful airdrop, Dymension Network’s native token DYM has experienced a significant increase in price. However, amidst technical difficulties and a potential double-topped rejection pattern, the future of DYM remains uncertain. This article will analyze the current price trends of DYM and explore whether Meme Kombat, a newer meme coin, offers a more promising
Cryptocurrency scams have become increasingly common, with scammers preying on unsuspecting victims’ desire to enter the lucrative world of digital assets. Hong Kong’s Securities and Futures Commission (SFC) and local law enforcement have issued a public warning about a fraudulent entity impostering the legitimate crypto exchange MEXC Global. This article will delve into the details
The Smog Token (SMOG) has had a sensational start in the crypto markets, with a resounding success as it enters the Year of the Dragon. In just 24 hours, SMOG’s price skyrocketed, fueling a major 134% price pump and reaching an impressive market cap of $37M. As the Chinese New Year approaches, the Smog development
Investors with a hunger for higher risk have been increasingly exploring the market of smaller-cap altcoins in search of the best cryptocurrency to buy today. Bitcoin’s recent surge towards the $48,000 mark has sparked a widespread rally in the cryptocurrency market, with other coins also experiencing notable gains. In this article, we will delve into
The crypto market has witnessed a staggering 250% increase in the total assets under custodial accounts in the last four months. This significant growth can be attributed to various factors, such as the hype surrounding the spot Bitcoin exchange-traded fund (ETF) and the overall performance of the crypto market. The anticipation of a bull run
During her recent testimony before the Senate Banking, Housing, and Urban Affairs Committee, Treasury Secretary Janet Yellen made a compelling case for stricter regulatory measures in the world of cryptocurrencies and emphasized the importance of vigilance when deploying artificial intelligence (AI) in financial services. With the growing complexity and potential risks within the digital asset
Bitcoin experienced a significant breakthrough on February 9th as it surged past the $46,000 mark. This breakthrough came after overcoming a major resistance level at $44,000, which had been impeding price increases ever since the introduction of spot Bitcoin ETFs in the United States four weeks earlier. The leading cryptocurrency reached its highest point in
As the Lunar New Year approaches and the world gears up to celebrate the start of the Year of the Wood Dragon, there is a sense of anticipation and excitement in the air. This particular Lunar New Year holds a special allure, thanks to the enigmatic MetaStones DAO. In honor of the Year of the
Cardano (ADA) has recently experienced a surge in trading activity, with a notable increase of over 7% on Thursday. The blue-chip coin is currently being exchanged at $0.53. This upward movement comes after a tumultuous period of price action in January, where the coin faced significant volatility. Among the factors that could potentially determine ADA’s
Bitcoin (BTC) has recently achieved a significant milestone in its trading history. On January 11, the spot ETFs made their debut, and for the first time since then, Bitcoin has surpassed the $46,000 mark. This surge signifies a positive trend for the cryptocurrency, which has seen its fair share of challenges in 2024. Despite its
Blockchain technology has opened up exciting opportunities in various industries, and the gaming world is no exception. Binance, one of the leading cryptocurrency exchanges, is launching a staking campaign through its Launchpool feature. This campaign aims to reward participants with up to 350 million PIXEL tokens, the native token of the popular crypto game Pixels,