The U.S. Securities and Exchange Commission (SEC) sued Ethereum infrastructure provider Consensys on Wednesday for allegedly failing to register key services offered within its MetaMask software wallet. The SEC’s lawsuit comes two months after it issued a Wells notice to Consensys voicing the agency’s intent to sue regarding the popular Ethereum wallet, which its website...Read More
Yield App Ltd, a Seychelles-incorporated crypto investment platform, has announced the immediate suspension of all operations on its digital wealth platform, yield.app. This move comes as the company prepares to enter liquidation proceedings and aims to ensure fair and equal treatment for all users and stakeholders. Yield App Stops Operations The decision, effective today, was...Read More
T-Rex Group – a financial services company – has filed for a 2x leveraged MicroStrategy (MSTR) exchange-traded fund (ETF) in the United States. This financial vehicle is being deemed as potentially the most volatile ETF in the country. The filing with the Securities and Exchange Commission’s EDGAR platform reveals that the main aim of the...Read More
The highlight anticipated presidential debate between Donald Trump and Joe Biden did not feature any discussion about Bitcoin or crypto. This was notable given how much attention the industry has garnered this year. Despite this, experts believe that if Trump were re-elected, it could signal a shift toward more favorable regulatory conditions for the crypto...Read More
[PRESS RELEASE – George Town, Cayman Islands, June 28th, 2024] The Abey Foundation is thrilled to announce that Abey, a pioneering Layer-1 blockchain, has officially launched the trading of its token on the BitMart cryptocurrency exchange starting from 14:00 UTC on June 26, 2024. This listing marks a significant milestone in our journey, aligning with...Read More
Bitcoin miners have been one of the key players causing market declines as they engaged in intense selling after the latest halving event which slashed the mining rewards from 6.25 to 3.125 BTC earlier this year. However, the latest data suggest that the selling pressure from these entities has significantly decreased. Such a trend could...Read More
A close consolidation after a steep rise or drop has become the new normal for the Bitcoin (BTC) price rally. Following a similar trend, the token continues to accumulate within a range, suggesting a major move could be nearby; however, the direction of the rally could depend on the volume induced. This has raised the...Read More
There will be no sharp correction following any potential interest rate cuts by the U.S. central bank in September or November. This is the prediction from analyst ‘RamenPanda’ who explained their thinking in a lengthy post on X on June 27. The analyst noted that during times of financial crisis, such as in 2008, the...Read More
[PRESS RELEASE – Victoria, Seychelles, June 28th, 2024] Leading Web3 wallet and DeFi platform Bitget Wallet has announced a joint investment with crypto investment firm Foresight X in Tomarket, a decentralized trading platform for emerging asset classes. Developed by industry experts from prestigious firms with the likes of Binance and Microsoft, Tomarket is designed to address markets and user...Read More
As Solana solidifies its position alongside Bitcoin and Ethereum as one of crypto’s top tiers, and with BTC and ETH already having or nearing U.S. spot ETFs, SOL’s potential for the next spot ETF naturally comes into focus. A recent analysis by GSR Markets suggests that such ETFs could catalyze an increase in SOL’s price,...Read More
This Friday, around 107,000 Bitcoin options contracts will expire, with a notional value of $6.6 billion. Moreover, it is an end-of-month expiry event, which is much larger than usual end-of-week expiries so there may be a little market volatility. Bitcoin Options Expiry Today’s huge tranche of BTC derivatives has a put/call ratio of 0.5, meaning...Read More
Logan Paul has filed a defamation lawsuit against YouTuber Stephen Findeisen, known as Coffeezilla, over a series of videos released in 2022 about the former’s failed CryptoZoo NFT project. The suit alleges that Findeisen “maliciously and repeatedly” made false statements accusing Paul of organizing a scam through CryptoZoo. “Defamatory Falsehoods” The court documents state, “Paul...Read More
Bitcoin sustained a more than 6% decline over the past week. The back-to-back corrections temporarily pushed the asset below $60,000. Although it has rebounded since then, its recovery appears to have stalled around $61,500, causing concern among investors about further losses. This is especially true as the US government transferred 3,940 BTC to Coinbase Prime...Read More
On June 27, Binance announced that it is implementing stricter measures to address account misuse, including enhanced monitoring of all account activities. The company stated that it has recently detected instances where certain account features on the platform are being “misused or exploited to gain unfair advantages, such as a better fee rate and higher...Read More
