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Bitcoin Price Prediction: BTC Steady Near $34,000 Amid ETF Buzz, UK Law & FTX’s Crypto Shift
27.10.2023
Bitcoin , the pioneering cryptocurrency, faced a slight setback as it dipped to 34,146, marking a nearly 1.75% decline this Friday. This downturn comes amidst a flurry of activity in the crypto sphere. The US Securities and Exchange Commission (SEC) has been flooded with eight to ten potential...
Upbit Dominates Korean Crypto Exchange Market With a Market Share of 80%: Research
27.10.2023
Upbit has solidified its position as the dominant player in South Korea‘s crypto exchange market, boasting an impressive market share of 80%. According to recent research by DeSpread, Upbit’s market dominance has remained strong throughout the year, with a brief dip to 70%...
Binance founder CZ’s fortune gets slashed $12B, while SBF is still at $0
27.10.2023
Binance CEO Changpeng Zhao’s crypto empire has fallen over 80% from its January 2022 peak of almost $97 billion
An In-Depth Analysis of 7 Advanced Bitcoin Miners From Bitmain, Canaan, and Microbt
27.10.2023
Recently, the top three bitcoin mining rig manufacturers unveiled a group of next-generation products with efficiency ratings of less than 20 joules per terahash (J/T) and powerful hashrates. In total, Bitmain, Canaan, and Microbt released seven new devices. The following provides a look at...
Australia’s $145M exchange scandal, Bitget claims 4th, China lifts NFT ban: Asia Express
27.10.2023
Asia Express: Cops bust Australian crypto and fiat money laundering exchange, Bitget now 4th largest exchange, China partially lifts NFT ban
SEC Chair Gensler Keeps Quiet on Bitcoin ETF Plans After Grayscale Ruling – Here’s the Latest
26.10.2023
Despite tremendous pressure to approve a spot Bitcoin ETF for trading on public markets, Securities and Exchange Commission (SEC) chairman Gary Gensler refuses to discuss his agency’s next steps. On Monday, the SEC received an order from the Court of Appeals to review Grayscale’s...
FTX’s Next Move: Three Bidders in the Running for Relaunch
26.10.2023
Bankrupt crypto exchange FTX’s new management is evaluating proposals from three potential bidders to revive its trading platform, according to a Bloomberg report. The final decision on how to proceed is expected by mid-December, as stated by Kevin M. Cofsky, an investment banker from Perella...
Staking Crypto Yields Hit Historic Low as Proof of Stake Networks See Rising Stake Rates – What’s Going On?
26.10.2023
As proof of stake networks see a surge in stake rates, a consequent plummet in staking yields is concerning investors and market watchers. According to a third-quarter report from Staked, a subsidiary of the Kraken exchange, the average staking yield for the top 35 stakable cryptocurrencies...
Investor Greed Increases Amid Bitcoin ETF Anticipation
26.10.2023
With bitcoin trading higher amid rising anticipation of a spot bitcoin exchange-traded fund (ETF) approval in the U.S., investor moods have clearly shifted. The index measuring the balance between fear and greed emotions of participants in the crypto market entered the green zone of the scale this...
JPMorgan Warns of Potential Lawsuits if SEC Rejects Spot Bitcoin ETF Applications
26.10.2023
The possibility of SEC approval for a spot bitcoin exchange-traded fund (ETF) has generated growing optimism in recent weeks, with some analysts predicting approvals could come within months. Potential legal battles loom if the SEC ultimately rejects any spot Bitcoin ETF applications, however....
Binance’s Stablecoin BUSD Market Capitalization Slides 90% from Peak – Will it Affect Binance Exchange?
26.10.2023
Binance USD (BUSD) , the stablecoin issued by Paxos for crypto exchange Binance, has seen a decline in market capitalization of more than 90% from its peak last year. According to CoinGecko data, BUSD’s market cap has plummeted from an all-time high of $23.5 billion, recorded on November...
USDC Issuer Circle Collaborates with Taiwanese Firms to Bring Loyalty Points to Crypto Services
26.10.2023
Global fintech firm Circle, which issues dollar-pegged USDC stablecoin, will soon offer loyalty points to stablecoin conversion service in Taiwan. Circle has collaborated with two Taiwanese firms – crypto exchange BitoGroup and convenience store chain Taiwan FamilyMart – to launch...
Bitcoin Primed for 'Supply Shock' as Exchange Balance Drops to 5-Year Low, Analyst Says
26.10.2023
A spot ETF approval could fundamentally alter bitcoin's supply and demand dynamics as professional investors would allocate to BTC as an uncorrelated asset, Forex.com's Matt Weller told CoinDesk TV
Crypto reshapes the American dream for younger generations: Report
26.10.2023
Young Americans are actively exploring fresh economic prospects independent of an obsolete financial system supported by sluggish institutions, according to a Coinbase report
“We Obtained Judgments Worth $5 Billion” Gary Gensler Recounts Achievements Amid Backlash
26.10.2023
The head of the Securities and Exchange Commission (SEC) Gary Gensler disclosed a summary of the agency’s performance in its quest to promote a more transparent market. In his speech at the 2023 Securities Enforcement Forum titled, “Partners of Honest Business and Prosecutors...
Creditors of Struggling Crypto Exchange CoinFLEX Sue CEO and Seek Funds from ‘Bitcoin Jesus’ Roger Ver
26.10.2023
Creditors of CoinFLEX, a bankrupt exchange, sue CEO Mark Lamb and early investor Roger Ver, aka Bitcoin Jesus, alleging breach of fiduciary duty over the new exchange OPNX launch and unauthorized use of company assets. On October 25, creditors of the now-defunct cryptocurrency exchange CoinFLEX...
Today in Crypto: MoonPay Partners with Mastercard, 64% of Injective Survey Respondents Trade on Both CEX and DEX, Chainstack Launches DeFi API
26.10.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ Payments news Crypto payments infrastructure firm MoonPay announced that it partnered with Mastercard to drive innovation...
Japanese Financial Giant SBI Predicts XRP Price to Hit $0.62
26.10.2023
The crypto exchange arm of Japan’s financial behemoth SBI Group has predicted a slight surge in Ripple’s native token XRP, following recent market developments. In its latest market report, SBI VC Trade has projected an increase in the price of XRP to $0.62 from the current price...
Binance pledges user safety with mandatory self-trade prevention
26.10.2023
Binance has made a strong commitment to safeguarding the interests of its users, and for that, it has built a user-friendly trading scenario. The company is inclined towards innovation and safeguarding users from the unstable cryptocurrency trading situation. Earlier, the company had announced...
Binance Labs Investment in SocialFi CyberConnect Propels Token Over 30%
26.10.2023
Web3 social platform, CyberConnect, records a soaring 31.2% growth in the last 24 hours after Binance Labs announced an investment into the firm. The venture capital division of the largest cryptocurrency exchange by volume, Binance Labs revealed on X (Twitter) that it made a follow-on investment...