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JPMorgan Predicts ‘Negative’ Initial Reaction for Ethereum ETFs — Expects Lower Demand Than Bitcoin ETFs
[Jun 1, 2024 5:20 PM] JPMorgan has predicted an initial negative market reaction for spot ethereum exchange-traded funds (ETFs), expecting lower demand compared to bitcoin ETFs. The global investment bank also cautions that approximately $1 billion may exit the…
Bankruptcy Court Backs Bittrex in Cryptocurrency Freeze Dispute
[Jun 1, 2024 4:14 PM] The bankruptcy proceedings of Bittrex Inc. involved a legal dispute over claims filed by Azim Ghader, who sought recovery for lost profits and damages after his cryptocurrency was frozen on the Bittrex exchange in 2017. The United States Bankruptcy…
Worrying Signs For XRP: Price Tumbles As Demand Dries Up
[Jun 1, 2024 3:30 PM] Crypto investors are keeping a close eye on Ripple (XRP) as technical indicators paint a concerning picture for the altcoin’s price. After closing below its 20-day exponential moving average (EMA) for four consecutive days, XRP has entered…
Cathie Wood’s Ark Invest Halts Spot Ethereum ETF Plans
[Jun 1, 2024 3:23 PM] Cathie Wood’s Ark Investment Management has withdrawn from the race to launch a spot ether exchange-traded fund (ETF), as its name was removed from the application filed with 21shares. The ETF, now renamed 21shares Core Ethereum ETF, reflects…
Senate Urged to Pass Landmark Crypto Bill After Biden Vetoes Resolution to Overturn SEC Rules
Ripple CEO Says XRP, Solana, Cardano ETFs Are ‘Inevitable’
[Jun 1, 2024 1:26 PM] Ripple CEO Brad Garlinghouse foresees the emergence of exchange-traded funds (ETFs) for cryptocurrencies beyond bitcoin and ether, following the U.S. Securities and Exchange Commission (SEC) approval of spot bitcoin and ethereum ETFs. At the…
Bitcoin Miners See 46.15% Revenue Drop in May, Lowest Since October 2023
[Jun 1, 2024 12:21 PM] After two consecutive months of record-breaking revenue, bitcoin miners experienced a significant downturn in earnings in May, a level not seen since October 2023. In April, miners generated $1.79 billion, whereas May’s figures show a…
Can BONK Break The Mold? Analyst Predicts Stellar Rise For The Solana Memecoin
[Jun 1, 2024 12:00 PM] The meme coin market is back in the spotlight, and BONK is no exception. The dog-themed token has seen a price surge of over 40% in the last month, mirroring a broader trend among its rival meme coins. This recent rally comes amidst positive…
Bitcoin Enters Dreaded ‘Chop Season’ – What Does This Mean For Price?
[Jun 1, 2024 10:00 AM] Crypto analyst ShardiB recently revealed that Bitcoin has entered ‘chop season.’ This is significant as it could be a while before the flagship crypto finally archives that breakout, which will send it to new all-time highs (ATHs). How The Chop…
Grayscale’s GBTC and Vaneck’s HODL Report Outflows as US Bitcoin ETFs Gain $50M
NFT Sales Dip Again: Ethereum Leads as Market Declines by 7.03%
[Jun 1, 2024 8:10 AM] Over the past week, non-fungible token (NFT) sales have declined again, slipping 7.03% compared to the previous week. During this period, $122.3 million in sales were recorded, with Ethereum-based NFTs taking the lead. 7-Day NFT Sales Slide 7.03%…
Dogecoin Whales Buy $112 Million Worth Of DOGE As Crypto Investors Turn Their Attention To Meme Coins
[Jun 1, 2024 8:00 AM] Dogecoin (DOGE) has come under the spotlight, with crypto investors looking to have turned their attention to the foremost meme coin. This development is expected to positively impact the meme coin, which has lagged for a while now. Dogecoin…
$2.7 Billion Reduction — Coinbase Records 40,406 BTC Outflow in 60-Day Period
[Jun 1, 2024 7:16 AM] In recent weeks, Binance and Robinhood observed a modest influx of approximately 1,302 BTC or $88 million in bitcoin, with Robinhood acquiring the majority of these assets. Conversely, Coinbase experienced a noticeable decrease in its bitcoin…
Bybit Affiliate Withdraws Hong Kong VASP Application Months After Regulator Issued License Warning
[Jun 1, 2024 7:05 AM] The Singaporean crypto exchange Bybit’s affiliate Spark Fintech Limited, has abandoned its pursuit of an operating license in Hong Kong. The affiliate withdrew its virtual asset trading platform application on May 31, exactly four months…
Report Shows No Evidence of Special Treatment for BTC Ponzi Scheme Mastermind in Brazilian Jail
[Jun 1, 2024 5:17 AM] The Brazilian State Attorney General has dismissed allegations that Johann Steynberg, the late mastermind of a South African bitcoin ponzi scheme, was granted irregular access to a computer and the internet while in prison. Acting public prosecutor…
Worldcoin Officially Launches in Colombia
[Jun 1, 2024 4:16 AM] Worldcoin, the iris-scanning biometric proof-of-personhood project, announced on Thursday the launch of its operations in Colombia. Via social media, the project reported that eye-scanning operations were already available in Bogota and Medellin…
Turkey Detains 127 Crypto Ponzi Scheme Co-Conspirators, Seizes Assets Worth Over $31 Million
[Jun 1, 2024 2:21 AM] According to Turkish authorities, the country’s law enforcement agencies have disrupted a criminal syndicate that lured unsuspecting residents into investing in a Ponzi scheme disguised as a cryptocurrency investment. The syndicate is reported to…
MATIC Under The Lens: Why Is Polygon Busy But Not Making Money?
[Jun 1, 2024 1:50 AM] Polygon (MATIC), a Layer-2 scaling solution for the Ethereum blockchain, finds itself in a curious position. Recent data from Messari paints a picture of a network brimming with activity – daily active addresses surging nearly 120%, new user…
Be persistent with the SEC, says Franklin Templeton digital asset head
[Jun 1, 2024 12:28 AM] The SEC is safeguarding the economy, but Roger Bayston sees a change in tone at the regulator.
SEC Issues Investor Alert Highlighting 5 Common Crypto Scams
[May 31, 2024 11:33 PM] The SEC’s Office of Investor Education and Advocacy has issued an alert, highlighting five common crypto scams investors should watch out for to avoid losing money. The SEC warns that fraudsters exploit cryptocurrency popularity with sophisticated…
Survey: 77% Believe Presidential Candidates Should Be Informed on AI and Crypto
[May 31, 2024 9:16 PM] The Grayscale-Harris Poll survey, conducted in April-May 2024, reveals crucial insights into American likely voters’ views on cryptocurrency and its potential impact on the upcoming presidential election. The survey, involving over 2,000…
Global Crypto Ownership Reaches 562 Million: 6.8% of World Population Now Own and Use Digital Currencies
[May 31, 2024 7:22 PM] A new report reveals that 562 million people globally now own digital currencies, an increase from 420 million in 2023, making up 6.8% of the world’s population. Asia is at the forefront of this growth, with North America close behind…
Estonian Nationals Extradited to US for $575M Crypto Fraud
President Biden Vetoes SEC SAB 121 Repeal Resolution
[May 31, 2024 6:02 PM] U.S. President Joe Biden issued a veto against H.J.Res. 109, a resolution that would disapprove of the Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin No. 121 (SAB 121). In its veto document, Bides states that the approval of…
UNI Price Slides 8% As Uniswap Delays Crucial Voting Proposal
[May 31, 2024 6:00 PM] In a blow to the momentum of the Uniswap native token, UNI, the decentralized exchange (DEX) has been forced to postpone a highly anticipated proposal that would have improved its token governance and fee distribution model. Meanwhile, the company…
New York Tightens Customer Service Regulations for Crypto Companies
[May 31, 2024 5:11 PM] The New York State Department of Financial Services (DFS) has introduced new guidance mandating regulated cryptocurrency entities to implement customer service policies and procedures. Crypto entities must collect data to ensure timely and fair…
Expert Charts 1,400% Course To $7.5 For XRP Price As RSI Falls To All-Time Low
[May 31, 2024 5:00 PM] Crypto analyst Egrag Crypto has provided another bullish narrative for the XRP price. This time, he outlined two scenarios that could occur and cause the crypto token to experience a breakout, potentially sending it as high as $7.5. This comes with…
Crypto Re-Staking Platform Attracts $18.8 Billion
Metaplex Announces Introduction of Hybrid Defi Protocol for Solana
[May 31, 2024 3:11 PM] Metaplex, a Solana-based protocol that allows for the easy deployment of NFTs across applications, has introduced MPL-404, a hybrid decentralized finance standard. MPL-404 leans on SPL-404, a protocol that allows for the exchange of an NFT for a…