Browsing:Crypto News

The US Marshals Service is holding a Bombardier Global tied to FTX exchange,
6 days ago 1 min read

US authorities seek court clearance to sell Sam Bankman-Fried’s private planes

The US Marshals Service is holding a Bombardier Global tied to FTX exchange, and prosecutors are attempting to transport an Embraer Legacy aircraft to Florida for sales proceedings. The government has proposed an interlocutory sale of the two private aircraft to prevent their devaluation. Furthermore, the Bombardier Global and Embraer Legacy aircraft were argued to be subject to forfeiture due to their ties to Sam Bankman-Fried’s (known as SBF) criminal case. The government intends to reimburse up to $1.8 million for maintenance and upkeep and $183,000 for delivery of the Legacy, assuming the proceeds from the sale are sufficient. Prosecutors

The US SEC considers classifying Ethereum as security
1 week ago 1 min read

The US SEC considers classifying Ethereum as security; probes into Foundation intensify

The US SEC is considering labeling Ethereum (ETH) as a security token, following a report by Fortune. Meanwhile, investigations are targeting the Ethereum Foundation for alleged illegal actions. According to CoinDesk, the Foundation received a confidential inquiry from an unknown regulatory authority, but the details remain under wraps. Additionally, online investigator Boringsleuth hinted at the Foundation’s involvement in the 2016 Gatecoin hack on X, where 185,000 Ethereum and 250 Bitcoin were lost. Also, blockchain analysis suggests the stolen funds ended up in a wallet tied to the Foundation. An independent law firm is also investigating the Foundation’s alleged link to

Fantom (FTM) has reached a 12-year high of $1.08,
1 week ago 1 min read

Fantom (FTM) surges by over 120% within a month

Fantom (FTM) has shown resilience and solidified its position as a top player in the industry, despite the downturn caused by Bitcoin’s (BTC) recent drop below the $61,000 threshold. Over the past 24 hours, FTM has reached a 12-year high of $1.08, marking a 120% surge within a month. Currently trading at $0.9386, FTM has seen an impressive 11% surge, with a trading volume of $1 billion and a market capitalization of $2 billion. However, expert traders warns users as the daily RSI stands at 64, signaling an overbought situation. On the other hand, analysts predict that if bullish momentum

Genesis Global has agreed to pay $21 million in civil penalties
1 week ago 1 min read

Genesis Global will pay a $21 million in civil penalty to settle US SEC charges

Genesis Global has agreed to pay $21 million in civil penalties for engaging in the unregistered offer and sale of securities through the Gemini Earn program. The US Securities and Exchange Commission (SEC) criticized Genesis for offering up a retail crypto lending product without registering it first, a move that was seen as a violation of the Securities Act of 1933. The SEC’s Chair, Gary Gensler, emphasized the importance of following the law to protect investors and ensure trust in markets. The collapse of the Gemini Earn program serves as a cautionary tale for investors, as it highlights the unknown

The US SEC extends the deadline for its decision about Ethereum ETF to May 30
1 week ago 1 min read

The US SEC extends the deadline for its decision about Ethereum ETF to May 30

The US Securities and Exchange Commission (SEC) has postponed its judgment on whether to approve the Hashdex Nasdaq Ethereum exchange-traded fund. This comes as the regulator decided to postponed the decision on May 30, 2024, and the fund will hold ether spot and futures contracts if approved. The Nasdaq Stock Exchange (NSE) filed an application with the SEC in September, and Toroso Investments administers and controls the fund. In addition, the SEC solicited public comment on the ETF in December and has postponed a decision on many occasions. Also, the SEC has postponed its decision on the ARK 21Shares Ethereum

MicroStrategy adds $623M in Bitcoin
1 week ago 1 min read

MicroStrategy now holds 1% of Bitcoin after adding $623M in BTC

MicroStrategy’s Bitcoin holdings have grown to 214,246 after the company purchased 9,245 BTC for $623 million. The company purchased Bitcoin at an average price of $67,382 apiece, with the acquisition being financed by convertible notes and additional cash. Following the US SEC’s approval of eleven Spot Bitcoin exchange-traded futures (ETFs) in 2024, the value of Bitcoin surged to over $73,500, setting a new record. Additionally, MicroStrategy now own over 214,000 Bitcoins with an average investment cost of $35,160 per Bitcoin. The dedication of MicroStrategy to Bitcoin is unwavering, even if the value of Bitcoin has dropped significantly this week. Meanwhile,

Solana (SOL) has surpassed Binance coin (BNB) in market capitalization, becoming the world's fourth-largest cryptocurrency.
2 weeks ago 1 min read

Solana (SOL) Surpasses Binance Coin (BNB) in market cap to become the 4th largest crypto

Solana (SOL) has surpassed Binance coin (BNB) in market capitalization, becoming the world’s fourth-largest cryptocurrency. This follows a remarkable streak of growth, with Solana surpassing Ethereum’s performance in the previous 24 hours and achieving a record DEX daily volume number. Despite the downturn in the digital asset market, Solana has managed to surpass BNB in market capitalization, making it the fourth-largest crypto globally. The price and market cap of Solana have both increased by over 12% and over 9.58% in the last 24 hours. Currently trading at $204.2. This SOL has not been seen since 2021. Recent gains have given

Grayscale intends to introduce a spot Ethereum ETF and has submitted an updated application to the US SEC.
2 weeks ago 1 min read

Grayscale pushes for the first spot in Ethereum ETF despite facing regulatory hurdles

Grayscale intends to introduce a spot Ethereum ETF and has submitted an updated application to the US Securities and Exchange Commission (SEC). The company contends that the triumph of Ethereum futures ETFs bolsters the argument for a direct Ethereum ETF. The objective of Grayscale’s proposal is to transform its Ethereum Trust into an Exchange-Traded Fund (ETF) that may be traded on NYSE Arca. The company then presents the SEC’s previous endorsement of Ethereum futures ETFs, the successful monitoring of the market by the Chicago Mercantile Exchange, and the study of correlations by Coinbase as proof of their ability to handle

The US Department of Justice (DOJ) has recommended a jail sentence of 40-50 years for Sam Bankman-Fried
2 weeks ago 1 min read

DOJ wants 40-50 years prison and $11B fine for FTX’s Sam Bankman-Fried for fraud

The US Department of Justice (DOJ) has recommended a jail sentence of 40-50 years for Sam Bankman-Fried, the former director of FTX. Additionally, they have suggested imposing penalties and forfeitures amounting to $11 billion. In November, SBF was convicted on seven counts of fraud and conspiracy. The prosecutors contend that his behaviors, which included misleading investors, disseminating forged papers, and financing political campaigns, justify a significant period of incarceration. The DOJ has successfully retrieved over $1 billion and is now focused on recovering monies that were used for political donations, marking it as the most significant breach of campaign financing

Bitcoin's price has experienced a significant correction
2 weeks ago 1 min read

Over $700 million of short and long positions get liquidated as Bitcoin fell below $67,000

Bitcoin’s price has experienced a significant correction, trading below $67,000, a 8.9% drop in the last 24 hours. This has led to massive liquidations, with over $700 million long positions being liquidated. According to Coinglass, over $530 million in longs and $140 million in short positions have been liquidated, with $220 million in BTC longs being liquidated. Most liquidations occurred on Binance and OKX exchanges, with $248 million and $236 million respectively. Ethereum, the second-largest crypto in market cap, also dropped below $3,700, down 10% in the last 24 hours. The total net inflow of Bitcoin spot ETFs on March

Binance to remove trading pairs that include TrueUSD (TUSD) of Justin Sun
2 weeks ago 1 min read

Binance to remove trading pairs that include TrueUSD (TUSD) of Justin Sun

Binance exchange has announced the removal of many trading pairings that include TrueUSD (TUSD), a stablecoin associated with Tron creator Justin Sun. The decision to delist certain pairings is part of Binance’s normal assessment process to protect user safety and preserve the integrity of the trading ecosystem. The delisting of spot trading pairs is mostly caused by insufficient liquidity and trading volume. Nevertheless, the crypto exchange has made it clear that the delisting will not impact the accessibility of tokens on Binance Spot. This means that users can still engage in spot trading using the base and quote assets of

Memecoins DOGE, PEPE, WIF maintain a bullish trend amid market positive momentum
2 weeks ago 1 min read

Memecoins DOGE, PEPE, WIF maintain a bullish trend amid market positive momentum

The crypto market is now seeing a significant increase, as Bitcoin has surpassed the $73,700 level and Ethereum is approaching the $4,100 benchmark. This milestone establishes the conditions for future price movements in light of the impending Bitcoin halving. Memecoins, renowned for their unpredictable but very profitable characteristics, have also been attracting considerable interest. Dogecoin (DOGE), the original memecoin, has seen over 6% surge in value during the last 24 hours, resulting in a market capitalization of $25 billion and trade volumes of $2 billion. After Elon Musk hinted about the integration of DOGE payments for Tesla, the currency saw