The U.S. Securities and Exchange Commission (SEC) has recently imposed a firm deadline of December 29th for companies seeking to launch exchange-traded funds (ETFs) tied to the spot price of Bitcoin, according to sources familiar with the matter. This crucial development emerged from a high-level meeting held on December 21st, where SEC officials engaged with
In recent weeks, the native cryptocurrency of Solana has been on a spectacular climb, breaking beyond the $110 mark on Sunday morning. This surge is a powerful demonstration of the platform’s resilience and growth, as it reaches a level not seen since the night before Terra’s collapse a year and a half ago. The remarkable
In March 2022, Mikhail Klyukin, a Russian banker who had been sanctioned by the White House, made headlines when he sold over £15 million in shares of UK-based cryptocurrency firm Copper Technologies. Klyukin, who held a 2% stake in the company, had been sanctioned due to his association with Sovcombank, a Russian lender closely linked
In recent times, the crypto market has faced declining prices and rising global interest rates. These circumstances have led many investors to shift their attention towards artificial intelligence (AI). While Bitcoin remains a primary focus, experts predict that AI will soon take center stage in shaping the future possibilities of the market. According to Nansen’s
The former CEO and co-founder of crypto exchange BitMEX, Arthur Hayes, has recently shared his concerns about what could lead to Bitcoin’s downfall. In his latest article, he emphasized the uniqueness of Bitcoin, stating that it is different from “every other monetary instrument humanity has ever used.” According to Hayes, Bitcoin was not designed to
The Central Bank of Nigeria (CBN) has made a noteworthy reversal in its stance on cryptocurrency transactions in the country. Previously, a ban was imposed in February 2021 due to concerns over the risks of money laundering and terrorism financing associated with crypto assets. However, a circular issued on December 22 announced the lifting of
Bitcoin has been the subject of much debate and speculation in recent years, with opinions on its future prospects varying greatly. One prominent voice in the financial industry, Fox Business anchor Charles Payne, has expressed his belief in the cryptocurrency’s immense potential. In a recent interview, Payne shared his thoughts on the advantages and disadvantages
As we approach the year 2024, the prospects for Bitcoin (BTC) and the wider crypto market seem promising. Various on-chain metrics suggest a positive trajectory for Bitcoin, including the upcoming halving, growing stablecoin liquidity, the anticipated approval of spot Bitcoin exchange-traded funds (ETFs), and macroeconomic conditions. In this article, we will delve into these factors
On-chain data has shed light on the recent movement of over 112 million Dogecoin tokens from Robinhood into an unknown wallet. This transfer comes at a time when Dogecoin is struggling to keep up with other leading cryptocurrencies. While this may seem like a cause for concern, it could signify a strategic move by a
Bitcoin has been experiencing a positive performance in the past week, with a gain of 3.45%, contributing to its overall bullish trend of the last 30 days, where it surged by 16.78%. However, despite these upward movements, there is a noticeable increase in caution among Bitcoin traders, indicating their fear of a potential price dump.
The year 2023 presented a mixed picture for the cryptocurrency market. Initially grappling with the aftermath of the FTX crypto exchange’s rapid collapse, by year-end, investors found themselves in a favorable position. Several altcoins experienced growth levels unseen in the crypto community for years. In this article, we will explore the top-performing cryptos of 2023
There has been much speculation lately about whether asset managers like BlackRock can use insider knowledge to “front run” their Bitcoin spot ETF approvals. However, Bloomberg ETF analyst James Seyffart is here to clear the air and dispel these rumors. According to Seyffart, ETF applicants will only begin buying BTC within days of their funds’
Circle, a leading stablecoin issuer, has announced that it has received conditional registration under France’s cryptocurrency laws. This move signifies Circle’s commitment to responsible innovation in fintech and digital assets, as well as its intention to leverage France’s dynamic entrepreneurial ecosystem. Circle is now conditionally registered as a Digital Asset Service Provider (DASP) or Prestataire
In a surprising turn of events, the U.S. Securities and Exchange Commission (SEC) has admitted to making inaccurate statements in an ongoing case against Debt BOX, a cryptocurrency firm accused of significant fraud. The SEC alleges that Debt BOX defrauded investors of almost $50 million. While the core claims of the SEC remain, the regulator
BNB, the native token of the Binance Exchange, has risen to prominence as one of the largest cryptocurrencies in the world. With a market cap over $39 billion and a current price of $260, it stands as the fourth-largest asset in the market. However, despite its success, one crypto analyst believes that BNB could be
Solana’s native token, SOL, has been making significant strides in the crypto market, surpassing major cryptocurrencies such as XRP and BNB in terms of market capitalization. However, recent data raises concerns about SOL’s future due to the sizable holdings of FTX and Alameda. This article delves into the potential implications of their holdings and examines
In the fast-paced world of cryptocurrency trading, Launchpad XYZ has emerged as a game-changer. This all-in-one Web3 trading platform has already gained recognition for its cutting-edge features and comprehensive suite of tools and services. Experienced traders are flocking to Launchpad XYZ, making it their go-to platform for a powerful and versatile trading environment in the
Optimism, a leading layer-2 scaling solution, has recently experienced a significant increase in market performance, with the price of OP soaring by 26.8%. This sudden surge has left many traders wondering if it is too late to buy into Optimism. While the markets have been invigorated by this upward momentum, there has been a noticeable
The XRP community has been buzzing with discussions about Ripple’s escrowed XRP funds and the potential of burning them. This topic has gained attention due to the current lackluster price action of XRP. Former Ripple Director Matt Hamilton recently shared an idea on how Ripple could burn its XRP holdings in escrow lockups, sparking further
Cryptocurrencies have had a tumultuous week, with most of them experiencing a downward trend. However, Stacks (STX) has defied this trend and registered significant gains. STX, the native token of the Stacks Network, has seen a remarkable 600% increase in value in 2023. This rise in value has brought Stacks into the spotlight and generated
In the cryptocurrency space, one altcoin has been gaining significant attention and has surpassed major cryptocurrencies in terms of market capitalization. Solana’s SOL token started the year with a price range of $10-12. However, it experienced remarkable growth, reaching over $70 last Friday. The bullish trend didn’t end there. The SOL token climbed even higher
Veyond Metaverse, an emerging player in AI XR healthcare, is making waves with their latest innovation – the introduction of 5D Digital Surgery. This groundbreaking technology marks a significant milestone in surgical technologies, as it seamlessly integrates Meta Quest 3 into their XR (Extended Reality) platform. By combining real and virtual environments, XR 5D Digital
In an effort to streamline the process of trading CryptoPunks collectibles, Yuga Labs has introduced a groundbreaking solution known as the CryptoPunks721 wrapper. This new development aims to simplify transactions involving these early-minted NFTs, which have faced challenges due to their operational roots in a pre-development landscape. CryptoPunks, minted in 2017 before the full-scale adoption
Coinbase, one of the leading cryptocurrency exchanges, has recently registered to offer its services in France. The company announced on December 21 that it has received approval from France’s Autorité des marchés financiers (AMF) to operate as a virtual asset service provider (VASP). This registration, also known as Prestataire de Services sur Actifs Numériques (PSAN),
The Shibarium network, a Shiba Inu Layer 2 network built on Ethereum, has been experiencing significant growth in recent weeks. Despite some skepticism about its initial growth spurt, the network has proven to have more momentum than anticipated, reaching a major milestone. After its launch, the network saw a decline in usage, which persisted for
The United Arab Emirates (UAE) has taken a significant leap forward in its cryptocurrency regulation by updating its Anti-Money Laundering (AML) and sanctions rules. With these new provisions, the UAE’s Financial Services Regulatory Authority (FSRA) aims to address the evolving challenges of financial transactions in the digital age. This move aligns the UAE with international
The music industry is a dynamic and ever-evolving landscape, where artists are constantly looking for innovative ways to share and monetize their creations. In this pursuit, a groundbreaking partnership between Sound and BASE, an Ethereum layer 2 platform developed by Coinbase, has emerged, offering artists the opportunity to create music using blockchain technology. This collaboration