In anticipation of the SEC's decision on spot bitcoin-ETFs, the crypto community is divided into two camps: some are sharing predictions, while others are betting on its outcome. On the gambling site Polymarket, built on the Polygon blockchain, there is...
In 2023, investments in cryptocurrency investment products tripled to $2.25 billion compared to 2022. Most of the investments came in the last quarter of the year, when it became known that the U.S. Securities and Exchange Commission (SEC) was ready...
Matrixport analyst Markus Thielen said that the Securities and Exchange Commission (SEC) will reject all applications for bitcoin spot ETFs in January 2024. This decision could have a negative impact on the cryptocurrency market, as ETFs could have attracted new...
The European Banking Authority (EBA) is tightening its grip on the financial landscape, extending its stress testing regime to assess the impact of potential pitfalls in non-bank financial institutions (NBFIs) and the burgeoning crypto sector on traditional banks. This move...
Michael Saylor, the founder of MicroStrategy, sold 315,000 shares of the company for nearly $216 million, according to a filing with the U.S. Securities and Exchange Commission (SEC). Saylor announced his intention to sell the shares in December 2023. He...
Bitcoin, the largest cryptocurrency in the world, suddenly fell by $5,000 on Wednesday, January 3, to below $40,000. However, it recovered to $42,700 just a few hours later. Bitcoin's drop caused panic in the cryptocurrency market. Many traders started selling...
Cryptocurrency analyst Glen Goodman, author of The Crypto Trader, recently delved into the anticipation surrounding a potential approval of a spot Bitcoin exchange-traded fund (ETF). In a conversation with Bloomberg, Goodman expressed his view on whether the market has already...
Crypto enthusiasts have held their breath for years, yearning for a traditional, easy-to-access Bitcoin ETF. Enter the SEC, the gatekeeper, holding the key to unlocking this coveted option. But, as usual, the path to approval is anything but straightforward. Deadline...
The Avalanche Foundation, the driving force behind the Avalanche blockchain, is making a splash in the memecoin market with a $100 million NFT initiative. This bold move aims to not only support promising NFT projects on the network but also...
A Golden Moment for Security, a Cloudy Day for Miners: Bitcoin's hashrate just reached an all-time high of 544 EH/s, showcasing increased network security but bringing fresh hardship to miners battling plummeting profitability. Record-Breaking Climb: 2023 has witnessed a phenomenal...
Banking for Web3: ZA Bank's Vision Takes Shape ZA Bank, the Hong Kong-based digital bank, is making waves in the web3 space. Since launching its "Banking for Web3" vision in April, it has provided support to over 80 web3 companies,...
MEXC Calms Community After Removed CEO Account Sparks Rumors MEXC, the digital asset exchange, has moved to quell user anxieties regarding a deactivated social media account believed to be their CEO. In a recent post, they clarified that the account...
U.S. Securities and Exchange Commission (SEC) head Gary Gensler criticized the crypto industry for regulatory non-compliance. There is a lot of noncompliance in the crypto space. It undermines confidence when so many people have been hurt and all they can...
Central Banks Join Forces to Tame the Wild West of Crypto Get ready for a new sheriff in town, folks. The People's Bank of China (PBOC) just issued a rallying cry for a global posse to tame the Wild West...
In Kazakhstan from January 1, 2024, amendments to tax legislation that reduce the financial burden on cryptocurrency exchanges and mining enterprises will come into force. Trading platforms registered in the country are exempt from value added tax on transactions with...
The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority have announced that they are ready to consider applications to launch spot bitcoin-ETFs. This means that in the future, Hong Kong investors will be able to buy and...
Tensions are flaring in the crypto scene as Ripple CEO Brad Garlinghouse unleashes a scathing attack on SEC Chair Gary Gensler, accusing him of hypocrisy and siding with Wall Street while neglecting investor safety. Stunning hypocrisy from the person who...
Solana has announced a shortage of its Solana Saga smartphone. The company said that due to a surge in demand, the initial 20,000 units allocated for the US and EU markets have sold out. Solana does not have a clear...
The 50 largest DeFi project airdrops between 2020 and 2023 distributed tokens totaling $26.6 billion. The largest airdrop was Uniswap's UNI in 2020, during which $6.43 billion worth of tokens were distributed to early DEX users. In 2021, 18 of...
A number of catalysts, combined with historical patterns, could "catalyze" the first cryptocurrency to $160,000 in a bull market in 2024, according to a report by CryptoQuant, writes CoinDesk. Driving factors of Bitcoin According to analysts, demand for digital gold...
Developers of the Shiba Inu (SHIB) meme token have partnered with infrastructure provider D3 Global to register a top-level domain name, ".shib". This will allow SHIB holders to create email addresses with the ".shib" extension and use "named tokens", which...
A British couple of retirees have invested all of their savings in Bitcoin and Ethereum. Their investment portfolio, consisting of cryptocurrencies worth £1.284 million, has raised concerns among financial experts. The couple, a retired teacher (61) and a still-working lecturer...
London, December 20, 2023 – The UK government has stepped up efforts to address hurdles faced by licensed cryptocurrency businesses. Following concerns raised by Lisa Cameron, Chair of the Crypto and Digital Assets All-Party Parliamentary Group, Chancellor Jeremy Hunt has...
Tether's USDT, the leading stablecoin in terms of market capitalization, has deviated from its intended $1 valuation amid increasing scrutiny following the company's December 15 announcement of a wallet-freezing policy in collaboration with law enforcement agencies such as the DOJ,...
New Blood in Cold Case: After years of chasing shadows, Indian authorities have nabbed Simpy Bhardwaj, wife of a key player in the GainBitcoin scandal – India's biggest crypto heist. This arrest casts a fresh light on the cold case,...
For Singaporeans seeking seamless entry into the world of digital assets, Coinbase has just delivered a game-changer. The US-based crypto giant has launched USD transfers via SWIFT, allowing Singaporeans to move funds directly between their bank accounts and Coinbase, making...
South Korea's Busan, aiming to be the first city with a government-run digital asset exchange, has chosen a local consortium to operate its platform. But the launch, initially planned for 2023, now faces further hurdles and likely won't include crypto...
Changpeng "CZ" Zhao, the once-unstoppable emperor of the crypto realm, has been dethroned. In a stunning legal coup, the Commodity Futures Trading Commission (CFTC) forced Binance, the exchange CZ built into a digital colossus, to its knees with a colossal...
Grayscale, the world's largest digital asset manager, has called on the US Securities and Exchange Commission (SEC) to approve spot Bitcoin ETFs simultaneously for all applicants. Grayscale CEO Michael Sonnenshein said such a decision would ensure a level playing field...
SEC is expected to approve the first spot Bitcoin ETFs on January 8-10, according to Bloomberg analyst James Seyffart. Seyffart believes that the SEC has been strategically delaying ETF applications to approve most of them at once and avoid giving...