Browsing:Crypto News

Bitcoin is trading at $44,111, up 2.18% in the last 24 hours
5 months ago 1 min read

Bitcoin is trading at over $44,100, up 2.18% in the last 24 hours

With the clock ticking down to the expected approval deadline, investors worldwide are eagerly awaiting the Securities and Exchange Commission’s (SEC) decision on spot Bitcoin ETFs. The outcome of this decision will have far-reaching consequences for Bitcoin and the broader crypto market. During a recent Bloomberg TV interview, Michael Saylor, executive chairman of MicroStrategy, emphasized the significance of the impending spot Bitcoin ETFs. Saylor boldly predicted that this would be the “biggest on Wall Street” development in the last 30 years. He went into greater detail about the potential impact, emphasizing that the introduction of a spot Bitcoin ETF would

Crypto Hedge Fund 3AC Faces $3.3 Billion Debt Crisis
5 months ago 1 min read

$1 billion frozen from 3AC founders by the court

A British Virgin Islands court has frozen over $1 billion in assets belonging to the founders of Three Arrows Capital (3AC), a prominent crypto hedge fund. Teneo, the company in charge of overseeing 3AC’s closure, has confirmed this move. According to Teneo, the founders, Su Zhu, Kyle Davies, and Davies’ wife, Kelly Chen, are now unable to access or transfer their substantial assets. This action comes amid 3AC’s financial difficulties, with creditors owed an estimated $3.3 billion. Teneo claims that the founders contributed to 3AC‘s financial difficulties, prompting the court to freeze their assets. Su Zhu was arrested at Singapore’s

Exciting crypto ads by Bitwise and Hashdex stir hopes for Bitcoin ETFs as the SEC decision nears.
5 months ago 2 mins read

Crypto Firms Roll Out Exciting Ads in Anticipation of Bitcoin ETF Approval

As the crypto community eagerly awaits the SEC’s decision on Bitcoin Spot ETFs, two major companies, Bitwise and Hashdex, have taken the initiative to stir up excitement with their recent ad campaigns. Bitwise Takes the Lead Bitwise, a prominent player in the crypto space, made the first move by releasing an engaging ad featuring Jonathan Goldsmith, widely recognized as the “Most Interesting Man in the World.” In the ad, Goldsmith promotes Bitwise’s Bitcoin ETF, a highly anticipated financial product. Hashdex Joins the Race Responding swiftly, Hashdex entered the fray with its own ad on December 20. The ad, featuring a

reaching a remarkable nineteen-month high of $85
5 months ago 1 min read

Solana’s market cap surges by over 14%, reaching a 19-month high of $85

Solana, the blockchain sensation, is making headlines in the cryptocurrency market due to its exceptional performance. Within 24 hours, the native SOL token increased by 14%, reaching a remarkable nineteen-month high of $85. This surge not only increased Solana’s market capitalization by over 14% but also secured its place among the top five cryptos, with a current valuation of $36 billion, surpassing XRP. The increase in SOL’s price was not the only notable factor; trading volume also increased significantly, increasing by 115%. Solana’s rise began in early December when it broke through a long-standing resistance level at $68. Despite minor

Shiba Inu Witnesses 4.8 Trillion SHIB Whale Activity Amidst Anticipation
5 months ago 1 min read

Shiba Inu Token Sees Surge in Major Wallet Transactions – Is Something Big Coming?

Shiba Inu (SHIB), the meme-inspired crypto, has seen a significant influx of tokens into major wallets in the last 24 hours. According to research firm IntoTheBlock, 4.8 trillion SHIB tokens, the native currency of the Shiba Inu network, have made their way into wallets that hold at least 0.1% of the total supply. This represented a staggering 375% increase in a single day when compared to token flows observed just 24 hours prior. Outflows from these large wallets, known colloquially as “whales” in crypto jargon, took a different path. During the same 24-hour period, outflows decreased by 60.4%, totaling 835.93

Coinbase CEO Urges Public to Shape Fair Crypto Laws Amid Senators' Anti-Crypto Bill
5 months ago 1 min read

Coinbase CEO Urges Public to Shape Fair Crypto Laws Amid Senators’ Anti-Crypto Bill

Coinbase CEO Brian Armstrong has spoken out against the anti-crypto stance taken by some US Senators. Armstrong’s criticism comes as Senators Marshall and Warren seek support for a new anti-crypto bill, a move that the Coinbase CEO considers unwise, particularly in the run-up to the 2024 elections. The Chamber of Digital Commerce revealed the senators’ efforts to gain support from the American Bankers Association for their anti-crypto legislation. In response, Armstrong accused the senators of siding with major banks, indicating a concerning collaboration that could stymie the cryptocurrency industry’s progress. Despite these difficulties, Armstrong shed light on the growing importance

BlackRock and Nasdaq recently met with the US SEC to discuss the potential launch of Bitcoin Exchange-Traded Fund (ETF).
5 months ago 1 min read

BlackRock and Nasdaq Collaborate with SEC on Game-Changing Bitcoin ETF

BlackRock and Nasdaq recently met with the US Securities and Exchange Commission (SEC) to discuss the potential launch of a groundbreaking Bitcoin Exchange-Traded Fund (ETF). The meeting focused on BlackRock’s Bitcoin ETF proposal, which represents a significant step toward providing a novel way for individuals to invest in Bitcoin through traditional stock market channels. The meeting’s disclosed memo highlighted key discussions, with a focus on Nasdaq’s regulations governing the listing of ETFs. These regulations are critical to the ETF’s safe and equitable operation. Surveillance and compliance measures were emphasized in particular to maintain market integrity and fortify defenses against potentially

Chainlink and Polygon Experience Price Fluctuations Amidst New Investor Activity
5 months ago 1 min read

Chainlink (LINK) witnesses a 17% drop from its yearly peak of $17.16

Major altcoins Chainlink (LINK) and Polygon (MATIC) have recently experienced significant price fluctuations in the volatile crypto world. Chainlink, which reached a yearly high of $17.16 on December 9, has dropped sharply to $14.25, a 17% drop. Simultaneously, Polygon (MATIC) fell 3.83% in the last 24 hours and 8.50% in the last week and is now trading at $0.779. Despite the price drops, Lookonchain on-chain data analysts have discovered interesting activities in new wallets accumulating both LINK and MATIC. A new wallet (0x8eADf9a958199d769B8927f82BC6dd615a3f8571) withdrew 247,860 LINK ($3.5 million) from Binance in the last two days, while another withdrew 5 million

Bitcoin's price has risen above $43K
5 months ago 1 min read

Bitcoin Surges Beyond $43,000 as Spot ETF Hopes Reignite

Bitcoin’s price has risen above $43,000, fueled by renewed interest and optimism surrounding the potential launch of a spot Bitcoin Exchange-Traded Fund (ETF) in the United States. The excitement stems from the Securities and Exchange Commission’s (SEC) upcoming decision on spot ETFs, with a final decision expected in early January. The news that asset management behemoth BlackRock has changed its policy to accept Bitcoin redemptions for its products provided a significant boost to confidence. Another notable trend contributing to the Bitcoin market’s vitality is the increase in inscriptions and, as a result, the fees paid to miners. Inscription fees, which

Shiba Inu (SHIB) meme coin has experienced a surge in large transactions
5 months ago 1 min read

SHIB Token Surges with $110 Million in Massive 24-Hour Transactions

According to the on-chain analytics platform IntoTheBlock, the Shiba Inu (SHIB) meme coin has experienced an extraordinary surge in large transactions, reaching a staggering $110.53 million in the last 24 hours. This increase of 275% equates to an astounding 7.22 trillion SHIB tokens changing hands. This surge comes at a time when the Shiba Inu token’s price has dropped by more than 11% in the last day, from $0.00001195 to $0.00001. Despite broader market declines, significant market participants engaged in 186 separate trades, each with a volume of at least $100,000. According to IntoTheBlock data, these significant transactions contributed to

BRC-20 tokens have emerged as high-performing assets
5 months ago 2 mins read

Are ORDI, SATS, and MUBI the best BRC-20 tokens?

BRC-20 tokens have emerged as high-performing assets, with ORDI, SATS, and MUBI driving significant gains for token holders. The increase in value for these tokens can be attributed to crypto exchanges’ recent listing announcement, which has contributed to their impressive upward trend. Ordinals (ORDI) ORDI, the BRC-20 token that is intricately linked to Bitcoin via the Ordinals Protocol, has experienced an extraordinary growth spurt, skyrocketing by more than 500% in just one month. ORDI has rapidly gained traction since its exchange debut in May 2023, with a market cap exceeding $1 billion. ORDI became the first BRC-20 token created using

FTX Trading Ltd. is nearing the end of its bankruptcy proceedings
5 months ago 1 min read

FTX exchange is nearing the end of its bankruptcy proceedings

The embattled crypto exchange, FTX Trading Ltd., is nearing the end of its bankruptcy proceedings and has proposed a plan to repay billions to customers and creditors. This is the conclusion of a complicated case stemming from a major fraud scandal involving FTX’s former CEO. To settle outstanding debts, the proposed plan calls for a comprehensive restructuring of the company’s assets and finances. Stakeholders are eager to learn about the future trajectory of FTX’s crypto exchange and how digital token valuations will be determined, leaving creditors wondering how much money they might be able to recover. Following the completion of

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