The past week has been a rollercoaster ride for Bitcoin and other cryptocurrencies, with prices seeing unprecedented levels of volatility. Bitcoin’s price started the week with sharp fluctuations, dropping to $67,000 before surging to a new all-time high of nearly $73,000. However, the bulls’ momentum was short-lived, as bears quickly took control and pushed the
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Bitcoin’s futures market is currently showing promising signs that have historically been associated with bullish sentiment. One key metric that analysts are closely monitoring is the Bitcoin futures basis, which represents the difference between the futures price of Bitcoin and its spot price. Recent data has revealed that the basis has surged to unprecedented levels
In a recent regulatory filing, Grayscale announced its intentions to convert its Ethereum Trust into a spot exchange-traded fund (ETF). This move represents a significant shift in the company’s approach and has the potential to open up new opportunities for investors. The filing, dated March 15, includes several key amendments that strengthen the company’s case
Paul Grewal, the Chief Legal Officer at Coinbase, has taken issue with a letter penned by two U.S. senators that urges the Securities and Exchange Commission (SEC) to impose stricter regulations on Bitcoin exchange-traded funds (ETFs) and refrain from approving any further cryptocurrency ETF applications. In a recent statement, Grewal argues that expanding the ETF
Recently, Binance, the world’s leading crypto exchange, made a significant move by spinning off its venture capital and incubation arm, Binance Labs. This decision, which took place earlier this year, marks a new chapter in the company’s evolution under the leadership of CEO Richard Teng. The website of Binance Labs now clearly states its independence
In a rapidly evolving technological landscape, 5thScape ($5SCAPE) emerges as a groundbreaking project that aims to redefine the world of virtual and augmented reality. By leveraging cutting-edge technology and innovative crypto tokenization, 5thScape sets itself apart as the world’s first VR/AR mixed-reality platform that breaks traditional boundaries to offer a truly immersive experience. 5thScape places
In recent months, Binance made a significant move by spinning off its $10 billion venture capital arm, Binance Labs, into an independent entity. This decision marks a pivotal moment in the company’s evolution and raises questions about its future direction and strategic priorities. The decision to separate Binance Labs from the Binance Group is a
Bitcoin has been a topic of hot debate among investors and analysts alike, with many making bold predictions about its future price movements. Analysts from private wealth management firm, Bernstein, have recently reaffirmed their previous Bitcoin prediction, emphasizing that the cryptocurrency has a greater chance to reach $150,000 by 2025. Gautam Chhugani and Mahika Sapra,
Cryptocurrency whales are showing a keen interest in accumulating Sponge token (SPONGE V2) as they anticipate listings on major exchanges. This surge in whale activity follows the successful migration of the Sponge ecosystem, where the esteemed 2023 SPONGE token was relaunched on the Polygon network as SPONGEV2. Sponge V1 Debut and Success Sponge V1 made
Federal prosecutors have presented a compelling case against FTX founder Sam Bankman-Fried (SBF), painting a picture of a man driven by unparalleled greed and ambition. The misappropriation of over $8 billion of customer funds did not only undermine the integrity of the financial and political systems but also left victims across the globe grappling with
Recently, the Securities and Futures Commission (SFC) in Hong Kong issued a public warning regarding the unauthorized operations of the MEXC exchange within its jurisdiction. The entity claims to be a virtual asset trading platform but is not licensed by the SFC to operate in Hong Kong. As a result, MEXC has been added to
The recent crash in the crypto market, specifically in Bitcoin prices, has been attributed to a significant decrease in net flows into Spot Bitcoin ETFs. Data from Spot On Chain indicates that there has been a considerable decline in daily net inflows into these ETFs over the last few days. The trend started on Wednesday,
Amidst the recent market correction, Ripple’s XRP has experienced a significant dip in its price, currently hovering around the $0.63 mark according to CoinGecko’s data. This represents a 5.5% decrease over a 24-hour period. Despite this downturn, analysts are remaining optimistic about XRP’s potential for recovery and future growth. Analyst EGRAG CRYPTO has expressed confidence
The recent letter from Senators Jack Reed and Laphonza Butler to SEC Chair Gary Gensler has raised serious doubts about the approval of Ethereum ETF applications. The lawmakers emphasized the need for stricter scrutiny of Bitcoin ETFs and expressed concerns about allowing ETFs for other cryptocurrencies, including Ethereum. They argued that these alternative cryptocurrencies lack
The latest meme coin to hit the market, BOOK OF MEME (BOME), has taken the cryptocurrency world by storm with an astonishing price rally of 5,000%. This remarkable debut has captured the attention of investors looking to capitalize on the volatile yet potentially profitable meme coin market. The Solana Blockchain: A Hotbed for Meme Coin
In the fast-paced world of cryptocurrency, new tokens are constantly emerging, each one promising unique features and benefits. One such token that has been making waves recently is DOGE20, an Ethereum-based meme token that has garnered significant attention in its presale phase. Launched less than 24 hours ago, DOGE20 has already surpassed the $240,000 mark,
Marvel Comics has teamed up with VeVe to debut the VeVe Comics platform, offering fans access to a vast array of over 300 new Marvel digital issues. This collaboration brings beloved characters like Spider-Man, X-Men, Captain Marvel, and Black Panther to the digital realm in a new and exciting way. What sets VeVe Comics apart
The cryptocurrency market has been buzzing with excitement as investors flock to Sponge (SPONGE), a hidden crypto ICO that promises potential gains of up to 100x. With Dogwifhat (WIF) hitting all-time highs and the market cap soaring to over $3.18 billion, some are starting to question if the rally is sustainable. While WIF may have
Cryptocurrency markets are ever-evolving, with new coins constantly making headlines. Satooshi Nakahobo is one such coin that has recently surged by an impressive 600x, catching the attention of investors worldwide. Despite its comedic nature as a meme coin, Satooshi Nakahobo has shown significant price movements, attracting both excitement and caution from potential investors. Analysis of
Recently, Binance announced that Nigeria is not one of its top markets, despite being Africa’s most populous country and largest economy. This declaration came amid a dispute between Binance and Nigerian authorities over the exchange’s operations in the region. Nigeria has a young population that has embraced crypto, leading to record-high adoption rates. Chainalysis even
Cryptocurrency markets are experiencing some mixed trends on Thursday, with Bitcoin (BTC) and Ether (ETH) showing signs of profit-taking due to the recent US PPI inflation figures. On the other hand, altcoins like Solana (SOL) and Dogecoin (DOGE) are on the rise, leading investors to evaluate their options for the best crypto investments today. Bitcoin
Recently, the Securities and Futures Commission (SFC) in Hong Kong issued a public warning about Bybit, adding it to the list of suspicious virtual asset trading platforms. The SFC expressed concerns about Bybit offering products to Hong Kong investors without the necessary license to conduct regulated activities in the region. This lack of licensing raises
Recently, blockchain analytics firm Elliptic uncovered that the notorious North Korea-backed hacker group Lazarus has once again turned to the sanctioned crypto mixer Tornado Cash to hide their illicit transactions. This comes after the group had temporarily stopped using Tornado Cash following US government sanctions. Last year, when the US government imposed sanctions on Lazarus
Cardano, while not reaching the $0.8 price level this year, has shown promising signs of progress. The blockchain has experienced significant developments, although its price movement has lagged behind other cryptocurrencies. Despite this, there is hope for investors as on-chain data indicates a surge in active addresses on the Cardano network. The monthly active address
Crypto.com, the prominent cryptocurrency trading platform, recently faced a significant financial penalty from the Netherlands Central Bank amounting to €2.85 million. The fine was imposed due to the platform operating within the European country without proper registration for a period of two years. This lack of registration goes against Dutch regulations that require crypto firms
The price of Bitcoin surged to a new all-time high, nearing $74,000 after a slight dip below $72,000 just a day before. This milestone comes after a strong performance towards the end of last week when Bitcoin surpassed $70,000 for the first time on Friday. Despite a minor retracement following this peak, BTC continued to
MicroStrategy, an American business intelligence and software development company, has recently made headlines with its ambitious plans to acquire even more Bitcoin. The company announced its intention to raise $500 million in convertible debt offerings to purchase additional BTC, following a previous sale of $800 million in convertible debt offerings. This move comes as no