151 / 325 Relevant items tagged with #CRYPTO
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JPMorgan Anticipates SEC Approving Spot Ethereum ETFs After Litigation Process
[Apr 6, 2024 5:24 PM] Global investment bank JPMorgan anticipates that the U.S. Securities and Exchange Commission (SEC) will eventually approve spot ether exchange-traded funds (ETFs). However, the firm pegs the chance of approval in May at 50%, foreseeing a potential…
Federal Reserve’s Neel Kashkari on Bitcoin: Still No Legitimate Use Case in an Advanced Democracy
Genesis Sells Grayscale Shares, Buys $2.17 Billion in Bitcoin for Customer Reimbursement
[Apr 6, 2024 1:35 PM] Following Genesis Global Capital’s receipt of authorization to divest its Grayscale fund holdings, reports disclose that Genesis executed the sale last week. The proceeds were then used to procure 32,041 bitcoin, aimed at reimbursing its…
Forget Q1 Slump: Solana Explodes Over 300% Amid DEX Boom
[Apr 6, 2024 1:00 PM] In the first quarter of 2024, Solana became the clear leader thanks to a notable increase in the amount of Decentralized Exchange (DEX) and Decentralized Finance (DeFi). In addition to its remarkable rise in DEX and DeFi sectors, Solana’s…
Miners Offload Bitcoin in Anticipation of Reward Halving, Says Cryptoquant
[Apr 6, 2024 11:28 AM] Data from Cryptoquant indicates that bitcoin miners have been offloading their assets in anticipation of the upcoming Bitcoin network halving, slated to take place in two weeks. Cryptoquant highlighted a peak in daily sales to over-the-counter…
Breakout Of The Year? Crypto Analyst Predicts Where NEAR Is Headed Next
[Apr 6, 2024 11:00 AM] The price of Near Protocol’s native token, NEAR, has been on an upward momentum recently, with a crypto analyst projecting further price increases and suggesting that the coin could see a surge to more than $10 soon. Near Protocol Price Poised For…
US Bitcoin ETFs Bounce Back With $569.4M in Net Inflows After Initial Dip
[Apr 6, 2024 9:07 AM] Spot bitcoin exchange-traded funds (ETFs) concluded the week on an upbeat note, securing $203 million in positive inflows on Friday, as per the latest data. Despite an initial setback of $84.7 million in net outflows on April 1, the ETFs have since…
NFT Sales Slide Continues Amid Record Crypto Volumes, Marking Fourth Week of Decline
[Apr 6, 2024 7:28 AM] Over the past week, sales volume for non-fungible tokens (NFTs) experienced another week-on-week decrease, marking a 13.72% reduction. This downturn marks the fourth consecutive week of declining NFT sales, a stark contrast to the record-breaking…
Bitcoin Dips, But Don’t Panic: ETFs See Three Days Of Bullish Inflow
[Apr 6, 2024 6:30 AM] The recent approval of Bitcoin exchange-traded funds (ETFs) by the SEC sent jitters through the financial world. Initial concerns about fading demand seem unfounded as Bitcoin ETFs continue to shatter trading volume records. This is further…
Bitcoin’s Path to Halving — Anticipated Increase in Difficulty Sets Stage
[Apr 6, 2024 6:21 AM] Based on current metrics, the Bitcoin blockchain is set to undergo another difficulty adjustment before the halving, with an anticipated increase of 1.2% to 2.16% around April 11, 2024. Following this adjustment, there will be 1,344 blocks…
Bitcoin.org Owner Cobra Predicts Next Bitcoin ‘Great Divide’
[Apr 6, 2024 1:37 AM] Cobra, the pseudonymous owner and operator of Bitcoin.org, has predicted the next divide that will plague the Bitcoin ecosystem in the coming times. Cobra explained in social media that this conflict will face ossificationists (people that want…
Makerdao Co-Founder Rune Christensen: Defi Frontends Might Need Licenses to Operate in Europe
[Apr 5, 2024 11:35 PM] Rune Christensen, a co-founder of the Makerdao project, has warned about the possible disruptions linked to hypothetical EU-wide requirements for defi fronteds to receive a license for operating. Christensen said this would decelerate the EU to the…
India’s Digital Rupee Expands: Non-Banks to Offer Central Bank Digital Currency Wallets
Blackrock Adds Citi, Goldman, UBS, Citadel as Bitcoin ETF’s Authorized Participants — IBIT Holdings Near 260K BTC
[Apr 5, 2024 7:31 PM] Blackrock, the world’s largest asset manager, now has nine authorized participants for its spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust (IBIT). They include JPMorgan Securities, ABN Amro, UBS Securities, Goldman Sachs…
FOMO Gives Way To Fear: Bitcoin-Ethereum Ratio Signals Shift In Crypto Sentiment
[Apr 5, 2024 6:00 PM] The recent ratio between Bitcoin (BTC) and Ethereum (ETH) prices suggests a potential decline in risk appetite within the crypto market. The ratio has reached its highest level since April 2021, indicating a stronger demand for Bitcoin than its…
IMF Urges Ukraine to Finalize Crypto Legislation, Government Official Reveals
Nigerian Court Postpones Detained Binance Executive’s Tax Evasion Case to April 19
[Apr 5, 2024 4:29 PM] A Nigerian court has postponed the tax evasion case of the detained Binance executive to April 19, while the hearing for the cryptocurrency exchange itself is scheduled for April 8. The court also ordered that the executive Tigran Gambaryan be held…
FTX Estate Offloads $1.9 Billion Worth Of Locked Solana (SOL) Tokens In Sale
FTX Nets $1.9B in Solana Sale at $64 per SOL, Discount Price Draws Creditor Scrutiny
[Apr 5, 2024 3:23 PM] In a report informed by individuals close to the situation, the FTX estate has successfully liquidated $1.9 billion by offloading a considerable amount of solana (SOL), including tokens that were not immediately available due to a vesting schedule…
Dogecoin Finds A Bottom: How The 7-Year Cycle Can Send Price To $40
[Apr 5, 2024 3:00 PM] Dogecoin has had a rather interesting week, first rallying to cross $0.2, before correcting back downward and eventually losing support at $0.8. Nevertheless, there is still a lot of steam left in the cryptocurrency it seems, as crypto analysts…
Terraform Labs and Former CEO Do Kwon Found Liable for Civil Fraud by Jury
[Apr 5, 2024 2:33 PM] On Friday, Zack Guzmán, founder of Coinage Media, announced that Terraform Labs’ co-founder Do Kwon and his startup were deemed responsible for fraudulent activities in its legal battle against the U.S. Securities and Exchange Commission…
Bitdeer Utilizes Chip Giant TSMC, Eyeing $60M in Bitcoin Mining Equipment Production
[Apr 5, 2024 1:20 PM] According to the publicly-listed mining corporation Bitdeer, the company is employing Taiwan Semiconductor Manufacturing Company (TSMC) for its Sealminer A1 mining rigs for the third quarter. Bitdeer also disclosed that it extracted 294 bitcoins in…
XRP To $20 And Ethereum To $20,000: Crypto Analyst Reveals When This Will Happen
[Apr 5, 2024 12:00 PM] Crypto analyst CrediBULL Crypto has laid out a bullish narrative for Ethereum (ETH) and XRP. He claimed that both tokens could rise to as high as $20,000 and $20, respectively. Additionally, he stipulated when this parabolic price surge is likely…
Paraguayan Lawmakers Introduce Bill to Temporarily Pull the Plug on Bitcoin Mining Operations
[Apr 5, 2024 11:16 AM] A group of Paraguayan lawmakers is spearheading a bill that seeks to enact a temporary ban on cryptocurrency mining operations in Paraguay for 180 days or until the industry’s activities are properly regulated. The bill alleges that 28% of…
Ex-Terraform Labs CEO Do Kwon’s Extradition Case Reset
Sony Bank Tests Yen-Pegged Stablecoin, Taps Polygon for Pilot Project
[Apr 5, 2024 9:07 AM] According to a regional report, Sony Bank of Japan is currently exploring the potential of a stablecoin tied to the yen that could be utilized by Sony Group along with its associated entities. Insiders revealed that this endeavor’s testing…
Ethena Labs Adopts Bitcoin to Back USDE Stablecoin; Supply Surpasses 2 Billion
[Apr 5, 2024 7:27 AM] On Thursday, Ethena Labs unveiled its new strategy to back USDE with bitcoin, enhancing the stablecoin’s foundation. The stablecoin, known for delivering yields in the double digits, has rapidly ascended to become the fifth-largest…
Bitcoin Technical Analysis: BTC Sails Through Choppy Waters After Recent Uptick
Paradigm Tries Again at Crypto: Seeks to Raise at Least $750 Million to Launch New Fund
[Apr 5, 2024 5:34 AM] Paradigm, one of the largest venture capital firms in the crypto space, is gearing up to reenter the crypto VC arena. According to reports, the firm is in talks with third parties to launch a $750 – $850 million crypto-focused investment…