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Bitcoin Price Prediction: Dips to $43,000 as CBOE Pulls ETF Amid Economic Shift
31.1.2024
In the dynamic world of cryptocurrencies, Bitcoin’s price approaches the $43,000 threshold, marking a decline of over 1.25% on Wednesday. This adjustment in price occurs against the backdrop of significant market and regulatory news. The CBOE Exchange has retracted its application for...
Terraform Labs Says Bankruptcy Protection Would Allow it Appeal against SEC’s Securities Fraud Lawsuit
31.1.2024
Terraform Labs has said that its Chapter 11 bankruptcy protection filing would enable the pursuit of an appeal against the US Securities and Exchange Commission’s (SEC) securities fraud lawsuit. In a recent filing, Terraform Labs CEO Chris Amani emphasized the importance of bankruptcy...
Invesco and Galaxy Slash Fees in Competitive Spot Bitcoin ETF Market
30.1.2024
Responding to the fierce competition in the spot bitcoin ETF market, Invesco and Galaxy Asset Management have lowered the long term fee of their joint BTCO fund, positioning it more competitively against sector heavyweights. Invesco and Galaxy ETF Fee Slashed in Response to Intense Market...
3 Analysts Tip This New Green AI Coin as Best Crypto To Buy Now
30.1.2024
The blockchain industry, alongside Artificial Intelligence (AI), is increasingly contributing to the fight against climate change, and eTukTuk is a notable example. eTukTuk is a blockchain-based green project that has raised over $680,000 in its ongoing token sale. Beyond manufacturing electric...
US Sanctions on Russia Similar to Planting a ‘Bomb Under the Dollar,’ Says Russian Analyst
30.1.2024
The United States’ sanctions against Russia are undermining confidence in the U.S. dollar and may force other countries to ditch the currency, a Russian financial analyst has said. The analyst said contrary to the West expectations, the sanctions against Russia have failed to destroy...
Why the SEC Case Against Coinbase Could Spark a Massive Altcoin Rally
30.1.2024
The legal battle between Coinbase and the SEC is the main subject of the current crypto market. The drama began in June when the SEC challenged Coinbase for not registering a bunch of cryptocurrencies as securities, as is usually required. Coinbase, however, isn’t giving in. They’re firmly...
Hong Kong’s SFC Issues Warning on Floki’s ‘Highly Risky’ Staking Programs
29.1.2024
A Hong Kong watchdog, the SFC, has cautioned investors about the enticing yet potentially risky ‘Floki Staking Program’ and ‘Tokenfi Staking Program,’ which offer high annualized returns without the required regulatory green light. SFC Warns Against Unregulated Floki...
Spectacular Swings — The Week’s Victorious Crypto Climbers and Fallen Token Challengers
29.1.2024
Bitcoin has seen a 2.9% rise against the U.S. dollar in the past week, while ethereum has experienced a 5.8% decline during the same period. Several cryptocurrencies have made notable gains over the past seven days. Leading the pack is manta network (MANTA), which surged by an impressive 47.2%...
SEC Crypto Enforcement Reached New High in 2023
28.1.2024
U.S. Securities and Exchange Commission (SEC) crypto enforcement skyrocketed in 2023, with more than a 50% increase in crypto-related enforcement actions compared to 2022, according to a new report. The securities regulator “continues to view cryptocurrency-related enforcement as a...
Binance and SEC Clash Over Evidence Production and Witness Depositions in Ongoing Legal Battle
27.1.2024
The legal battle between Binance and the United States Securities and Exchange Commission (SEC) continues to intensify as court documents shed light on the clash over evidence production and witness depositions in the SEC’s case against the leading cryptocurrency exchange. According to...
Hong Kong Financial Watchdog Cautions Against Floki, TokenFi Staking Schemes
26.1.2024
On Friday, Hong Kong’s securities regulator cautioned investors against “suspicious” staking schemes tied to Floki and TokenFi. Both tokens within the Floki ecosystem offer crypto staking. They claim yearly returns of between 30% and 100%, the Securities and Futures Commission...
Crypto Lender Nexo Submits $3 Billion Damages Claim Against Bulgaria
26.1.2024
The cryptocurrency lending platform Nexo has submitted a $3 billion arbitration claim against the Republic of Bulgaria, following a raid on its office in 2023 and a subsequent probe by the Bulgarian Prosecutor General’s Office. Nexo alleges that these actions harmed its business prospects....
UK Supreme Court Refuses Self-Proclaimed Bitcoin Inventor Craig Wright Appeal: Report
26.1.2024
The UK’s Supreme Court has denied self-proclaimed Bitcoin inventor Craig Wright permission to appeal a ruling in his case against podcaster Peter McCormack, according to a report by CoinDesk. Wright, who claims to be Bitcoin inventor Satoshi Nakamoto was only entitled to £1 in compensation for...
Crypto analyst predicts XRP’s lowest value against Bitcoin
25.1.2024
Max Keiser, a crypto market analyst, has boldly said that XRP has every possible chance of going zero against Bitcoin. He has based that on the grounds that XRP does not have any strong fundamentals. The Ripple community is obviously not split; most of them continue to back XRP while others remain...
Crypto-Linked Violations Rack Up $2.8B in SEC Fines in 2023
25.1.2024
A Cornerstone Research report published Wednesday showed that crypto fines against digital asset market participants hit $2.89b by the end of 2023. That’s an 11% jump from the $2.6b in fines imposed through 2022. The findings show that as the crypto market grows, so does the SEC’s role...
Canadian Court Rules Government’s Freeze of Protester’s Crypto Donations Unconstitutional
24.1.2024
The Canadian Government’s decision to freeze digital assets and crypto donations toward protesting truckers in 2022 was deemed unconstitutional by the Canadian Federal Court. The Federal Court ruled against the government’s decision to freeze financial assets including digital assets...
Mad Money Host Jim Cramer Doubts Bitcoin Will Find Its Footing as Selloff Continues
24.1.2024
Jim Cramer, the host of CNBC’s Mad Money show, has doubled down on his bearish bitcoin price outlook, predicting that the cryptocurrency will continue to struggle against the backdrop of a plummeting crypto market. “Unlikely that bitcoin finds its footing,” Cramer emphasized...
Alameda Research Drops Lawsuit Against Grayscale Amid GBTC Outflows
22.1.2024
Alameda Research Ltd., the hedge fund associated with the bankrupt cryptocurrency exchange FTX, has voluntarily dropped its lawsuit against Grayscale Investments amid GBTC outflows. According to court filings from January 22, Alameda opted out of suing Grayscale, its CEO Michael Sonnenshein,...
US Treasury Announces New Sanctions Against Hamas-linked Crypto Companies
22.1.2024
The United States Department of the Treasury’s Office of Foreign Assets Control has imposed new sanctions on facilitators and networks involved in crypto transactions linked to the Palestinian militant group Hamas. In an announcement posted on January 22, the Office of Foreign Assets Control...
Litigation Analyst Gives Coinbase a 70% Shot at Full Dismissal in SEC Case
22.1.2024
According to Bloomberg senior litigation analyst Elliott Stein, the major US-based crypto exchange Coinbase might be looking at a favorable outcome in its legal battle against the US Securities and Exchange Commission (SEC). In a recent post on X, Stein shared his analysis of the case and expressed...