The crypto market’s attention has turned to the upcoming spot Ethereum ETFs, which is likely to be approved by July 4, and expected to attract up to $15 billion in initial investments. Ethereum has recently faced a sell-off after Bitcoin’s drop, but today it quickly bounced back today with Ethereum surging by 3% and trading...Read More
In an important development, the defunct crypto exchange Mt. Gox announced it will begin repaying creditors in Bitcoin and Bitcoin Cash starting next week. This repayment marks a crucial step towards resolving claims from its 2014 collapse. Mt. Gox Repayment Process: An Overview Mt. Gox will initiate repayment in July 2024, focusing on creditors who...Read More
Santiago R Santos, a well-known figure in the crypto world, recently shared his market outlook for the rest of 2024. Here’s a concise breakdown of his key predictions: My theses for the rest of 2024: 1. We end the year at ATHs for majors (BTC, ETH, SOL) 2. Tokens with big unlocks continue to underperform....Read More
Standard Chartered is all set to establish spot crypto trading for buying and selling Bitcoin and Ether. It will be one of the first global banks to enter spot crypto trading, while crypto derivatives trading has existed for several years. The new trading desk operating from London will be part of the Bank’s FX trading...Read More
The analyst/host of The House of Crypto took to his latest video and said that there’s potential for a massive bounce back for altcoins, particularly as Bitcoin dominance appears to be declining. Historically, this has signaled the onset of an altcoin season. He discusses specific altcoins that are currently rebounding and explores the broader market...Read More
South Korea’s cryptocurrency market is in for a big change as the country’s Financial Services Commission (FSC) gets ready to implement strict rules under the new Virtual Asset User Protection Act. These regulations could lead to the delisting of approximately 600 altcoins from crypto exchanges if they fail to meet the FSC’s standards. New Law...Read More
Hong Kong has taken a hard stance against unlicensed cryptocurrency exchanges, issuing a directive for immediate shutdowns. The Securities and Futures Commission (SFC) of Hong Kong has disclosed that eleven platforms, including HKbitEX, PantherTrade, Accumulus, DFX Labs, Bixincom, xWhale, YAX, Bullish, Crypto.com, WhaleFin, and Matrixport HK, are now deemed-to-be-licensed applicants. Only Crypto.com has secured approval...Read More
Following the news of the approval of Ethereum spot ETFs, Bloomberg Intelligence ETF analyst Eric Balchunas has dampened expectations. Balchunas said he expects Ethereum ETFs to gather just 10-15% of the assets Bitcoin ETFs have accumulated. Institutional Interest Remains Low for Ethereum A string of signs suggests Ethereum’s institutional interest is much weaker than Bitcoin’s....Read More
As we approach the end of May, crypto traders are eagerly awaiting a new week filled with a series of potentially impactful macro events. From Binance’s trial in Nigeria to the FIT21 bill’s voting, these events might have a significant impact on the crypto market. These Events Might Decide Market’s Next Move In recent days,...Read More
Every US economic development has the potential to impact the cryptocurrency market, with inflation being a significant factor. A few key inflation indexes are set to be released soon. These indexes can sway market sentiment and asset allocation. Understanding how these indexes influence market dynamics is crucial for anticipating shifts in crypto investment behaviour. 1....Read More
Rising anticipation surrounds the once-dominant Bitcoin exchange, MtGox, as recent updates on the Kraken BTC and BCH payment API interface point to major upcoming movements. Data on Reddit reveals that the interface now reads “payment in preparation” with a timestamp dated May 13. It signals that MtGox is getting ready to finally release its massive...Read More
Crypto analyst Crypto Jebb has identified a significant chart pattern on Bitcoin that could potentially propel its price to $75,000. In a recent video, Jebb discusses the emergence of an inverse Head and Shoulders pattern, signalling a possible rally for the leading cryptocurrency. The inverse Head and Shoulders pattern, according to Jebb, presents a bullish...Read More
Analyst Davinci shared his analysis of the current state of the cryptocurrency market, particularly focusing on Bitcoin’s price action. Davinci warned about Bitcoin’s recent price surge to $64,000, suggesting it could be a “bull trap.” “While I believe Bitcoin could eventually reach $100,000, $200,000, or even $300,000 in the long term, I foresee significant volatility...Read More
The U.S. Senate on 21st April, Sunday, proposed a new tax regulation for the cryptocurrency industry. According to the new proposed regulation, individuals, trusts, and entities holding BTCs worth over $500,000 will be liable to pay 1% as tax. This move was initiated as part of a large effort made by the centralized body to...Read More
Ethereum (ETH), the second largest cryptocurrency by market cap is grappling with shifting market sentiments, as investor attention remains focused on the possibility of a spot ETF approval by May 2024. With probabilities fluctuating and market sentiments evolving, Daan Crypto Trades highlights key scenarios that could impact ETH’s performance in the coming months. Ethereum ETF...Read More
Shiba Inu, a popular cryptocurrency, is poised for a substantial rally, according to leading market analyst Xanrox. Amidst its recent recovery from losses, crypto analyst Xanrox predicts SHIB could reach a new all-time high (ATH) by July, anticipating further parabolic price surges. Is a 300% surge incoming? Let’s find out. Shiba Inu’s Resilience Amidst Market...Read More
According to a decision by Judge James Mellor on March 14, as reported by BitMEX Research, Craig Wright, an Australian computer scientist who has claimed since 2016 to be Satoshi Nakamoto, the enigmatic founder of the Bitcoin network, is not the real Nakamoto. The lawsuit, initiated by the Crypto Open Patent Alliance (COPA) against Wright,...Read More
The past week saw a tornado of events from x accounts getting hacked to 99% of token downfalls. From platforms recovering stolen funds to hackers hijacking the official websites. Deep dive into this weeks crypto hack roundup and witness with us the herald of crypto hacks that happened over the week. MicroStrategy’s X account hacked;...Read More
The ongoing trial concerning the identity of Bitcoin’s enigmatic creator, Satoshi Nakamoto, took a significant turn today as Craig Wright faced allegations of tampering with crucial evidence. Wright, who asserts himself as Satoshi Nakamoto, has faced skepticism within the community. As the trial goes through the authenticity of critical emails supporting his claim, Wright finds...Read More
In a recent development reported by the Wall Street Journal on February 22, 2024, the court in Montenegro has ruled that the infamous cryptocurrency entrepreneur Do Kwon should be extradited to the U.S. to face trial on fraud charges, rejecting his native South Korea as the extradition location. The High Court in Podgorica, Montenegro, delivered...Read More
Jupitеr, a prominent investment firm, has recently madе hеadlinеs for rеvoking its investment in thе 21Sharеs Ripple XRP exchange tradеd product (ETP). The dеcision came as a result of rеgulatory concerns in Irеland, which the firm’s compliance division flagged thе invеstmеnt leading to its cancеllation. Jupiter sells investment for a minor loss of $834 In...Read More
The banking giant JPMorgan has raised concerns about Tether possibly being controlled by U.S. authorities soon. Despite its offshore base, Tether’s dominance and regulatory challenges could reshape the stablecoin landscape in the States. Tether’s Vulnerability to U.S. Authorities JPMorgan’s report highlights the power of U.S. authorities, specifically the Office of Foreign Assets Control (OFAC), to...Read More
Renowned investor and entrepreneur Robert Kiyosaki has joined the conversation sparked by Andy Schectman’s crucial question: “Who is going to buy US Bonds?” While, Kiyosaki expressed his optimism about Bitcoin, foreseeing its dominance over traditional assets like gold and silver in the ETF race. Kiyosaki’s Take On Future Investment In a recent tweet, Kiyosaki talks...Read More
Tom Lee, a notable figure in the cryptocurrency space, has identified the launch of Bitcoin exchange-traded funds (ETFs) as a key catalyst for driving Bitcoin’s price higher. These ETFs are a big deal because they make it easier for regular people to invest in Bitcoin through their usual investment accounts. ETF: Making Bitcoin Accessible ETFs...Read More
Since plummeting from its peak in 2022, the Shiba Inu price has yet to experience any significant price surges. But with the crypto market now recovering and Bitcoin on the edge of reaching the $50,000 mark, investors are curious if SHIB could undergo a tenfold rally similar to its 2021 surge in the upcoming months...Read More
Ripple’s latest markets report for Q4 2023 reveals significant growth in XRP volume, outpacing other major altcoins like Solana (SOL), Cardano (ADA), BNB, and SHIB. This surge comes amidst notable legal victories and strides in global compliance efforts. Let’s delve into the details. XRP Volume Soars Amid Legal Wins The Ripple Q4 2023 report highlights...Read More
In the latest update of the XRP lawsuit, Ripple today has submitted a court filing seeking an extension of the deadline for additional financial disclosures. This move follows a significant ruling passed yesterday by U.S. District Judge Analisa Torres and Judge Netburn who favored the SEC’s demand for access to Ripple’s financial records. Ripple’s Filing...Read More
Individuals interested in cryptocurrency would likely be familiar with the term ‘Low-Cap Gem.’ These assets, alternatively known as ‘small-cap gems,’ are frequently regarded by experts as the most promising altcoins for the potential of substantial returns on investment. With a plethora of such projects available, it is crucial to choose those that are authentic. This...Read More
In a recent announcement, Binance, the world’s largest cryptocurrency exchange, revealed its decision to include Pyth Network’s PYTH token in its lineup of supported altcoins. This news sent ripples through the crypto community, especially as the price of PYTH surged by an impressive 25%, reaching $0.4923 shortly after the announcement Binance Lists PYTH Trading On...Read More
Arthur Hayes, BitMEX’s founder, recently explored factors shaping Bitcoin’s potential rally amidst challenges faced by New York Community Bancorp ($NYCB) and the broader banking sector. In a world where traditional finance meets cryptocurrencies, Hayes sheds light on potential impacts on Bitcoin’s value. Dive into Hayes’ analysis and discover if this is a golden buying opportunity...Read More
