The US Securities and Exchange Commission (SEC) has accused two former CEOs of collapsed California-based tech company Bitwise Industries, of alleged misrepresentation and fraud, which they used to raise funds from unsuspecting investors. The defunct company is not associated with the major crypto asset manager, Bitwise, even though both entities bear identical names. Former Bitwise...Read More
The ProShares Bitcoin Strategy ETF (BITO) – the largest existing Bitcoin ETF in the United States – has absorbed a quarter of a billion dollars worth of flows over the past month. This marks the fund’s second-best-performing month next to its launch date, signaling fierce anticipation over an incoming spot ETF approval. Revival of Futures...Read More
Cryptocurrency exchange Binance has announced the suspension of Russian ruble (RUB) deposits starting from November 15, 2023. This decision by the company comes following its recent announcement regarding the sale of its entire Russian business to CommEX. Binance to Cease Russian Ruble Deposits In a November 10 announcement, Binance said it would be stopping Russian...Read More
Over 175 different tokens with valuations exceeding $10,000 were stolen as part of a massive hack against the U.S.-based crypto exchange Poloniex on Friday, according to on-chain data. Since earlier today, estimates of the funds stolen in the hack have expanded to $125 million. What Hackers Took From Poloniex According to an X post from...Read More
In a move aimed at preserving the autonomy of cryptocurrency users and safeguarding their ability to self-custody digital assets, U.S. Senator Ted Budd (R-NC) has introduced the Keep Your Coins Act. This legislative proposal, which came after last year’s FTX exchange collapse, seeks to protect individuals’ rights to conduct cryptocurrency transactions without relying on third-party...Read More
Stablecoin issuer and fintech firm Circle has announced the launch of a new v2.2 upgrade to USDC and EURC. It is aimed at significantly reducing gas costs, improving support for account abstraction, and further strengthening transaction security on EVM blockchains. This phased rollout is expected to be completed over the next few months. The USDC...Read More
With many crypto prices at their highest levels in over a year, market sentiment is bullish, and investors are preparing for a trend continuation as we head toward Christmas. The deadline for several Bitcoin ETF approvals is January 10th, and many are expected to be given the green light even sooner than that date. Best...Read More
The market is experiencing a comeback in investor interest, as seen by Ethereum surpassing the critical level of $2,000 and Bitcoin testing $38,000. Concurrently, Solana has shown a significant price increase after 1.5 years by surpassing the $50 resistance level. This has led to a rising concern about a possible price correction in the coming...Read More
Amidst broader market recovery, Ethereum gas fees have surged yet again as a result of increased demand for blockspace. Bitcoin users experienced a similar ordeal, with average transaction fees spiking to levels not seen since May. While the latest fee frenzy comes in the wake of rising optimism in the market, it also highlighted the...Read More
The Chicago Mercantile Exchange (CME) recently displaced the world’s largest crypto exchange, Binance, becoming the biggest Bitcoin futures exchange. CME’s recent surge in Bitcoin Futures Open Interest has been driven by massive liquidations caused by Bitcoin’s sudden price surge. CME’s Bitcoin Futures OI Swells According to Coinglass data, CME’s number of Bitcoin Futures in Open...Read More
[PRESS RELEASE – Dubai, UAE, November 10th, 2023] Zeebu, the pioneering Web3 Neobank for telecoms, is thrilled to announce the forthcoming listing of its native token, $ZBU, on Gate.io, a globally recognized cryptocurrency exchange, scheduled for November 9, 2023. Gate.io, boasting a robust user base of over 13 million, promises to substantially increase the reach...Read More
Crypto exchange Poloniex appears to have suffered a breach, with approximately $63 million in various crypto assets being drained out of its hot wallet. Details are thin at the moment, and while Poloniex is yet to release an official statement, it did reveal that the exchange wallet has been disabled for maintenance and will be...Read More
The crypto market anticipates a bullish trend in the next few months, with the upcoming Bitcoin halving. During this period, several altcoins went on solid rallies. One such is MATIC, a Layer-2 Ethereum scaling token, which has observed a noteworthy increase in its price, surpassing the $0.80 threshold for the first time since July 2023....Read More
SafeMoon, a project whose goal was to “safely” moon a token – mostly by preventing holders from cashing out with large fees – plummeted once investors found out that the investment pools were not actually locked as promised within the same month that the project reached a market cap of $5.7 billion. Founders’ Trial Underway...Read More
A new listing – JSTUSDT – featuring JST – the native token of the JUST ecosystem, will be available to trade on BitMEX, and with up to 10x leverage from next week. For the lowdown on the latest listing, read on. If you haven’t signed up for a BitMEX account yet, we’re currently offering up...Read More
The New York bankruptcy court has approved Celsius Network’s restructuring plan, effectively enabling the cryptocurrency lending platform to come out of bankruptcy. Meanwhile, the US Securities and Exchange Commission (SEC) still has to greenlight the company’s new bitcoin mining firm. Celsius Exiting Bankruptcy More than one year after filing for Chapter 11 bankruptcy and freezing...Read More
Remember when XRP soared 60,000% in 12 months, from $0.006 to $3.84? That was pure speculation! Now, with stronger partnerships and real-world utility, the potential is staggering. Is XRP About to Skyrocket to $0.9 Next? Crypto assets got an excellent kick-off in November on a positive note as the market has recorded a stable rise...Read More
ORDI is coming to BitMEX via a new listing – ORDIUSD. With up to 10x leverage, this new contract offers one of the highest max position sizes in the industry. What is ORDI? Ordinals (ORDI) is a cryptocurrency that operates with inscriptions written on the Bitcoin blockchain. Thanks to the ORDI protocol, information such as...Read More
Australian cryptocurrency exchange CoinSpot may have fallen victim to an exploit resulting in the loss of approximately $2 million worth of Ethereum (ETH). Blockchain investigator ZachXBT shed light on the incident through his Telegram channel, raising concerns about the security of the exchange’s hot wallets. ZachXBT Unveils $2 Million CoinSpot Exploit On Nov. 8, ZachXBT...Read More
SBFPARDONF25 – a new Prediction Markets listing – is now available to trade on BitMEX. This new listing allows our traders to predict and take positions on the event of President Joe Biden granting a pardon for Sam Bankman-Fried (SBF).For the lowdown on this new Prediction Markets listing, read on. If you haven’t signed up...Read More
