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Ethereum ETF Application Withdrawn by Grayscale Ahead of SEC Decision

Ethereum ETF Application Withdrawn by Grayscale Ahead of SEC Decision

Grayscale has unexpectedly withdrawn its application for an Ethereum (ETH) futures exchange-traded fund (ETF) with the United States Securities and Exchange Commission (SEC). The applicant’s withdrawal would have compelled the securities regulator to make a decision on the application three weeks earlier. The cryptocurrency asset manager filed a notice to withdraw the Grayscale Ethereum Futures […]

May. 8, 2024
Bitcoin’s 200-Day Moving Average Hits All-Time High, Bullish Outlook
Bitcoin

Bitcoin’s 200-Day Moving Average Hits All-Time High, Bullish Outlook

A key technical indicator traders and analysts use to predict Bitcoin’s long-term price trends has reached an all-time high, suggesting a bullish outlook for the cryptocurrency’s future. Bitcoin’s 200-day moving average, which aims to smooth out short-term price fluctuations by taking the average of the last 200 days’ closing prices, hit $50,178 on May 6th, […]

May. 7, 2024
Grayscale’s Spot Bitcoin ETF Sees Second Day of Net Inflows
Bitcoin

Grayscale’s Spot Bitcoin ETF Sees Second Day of Net Inflows

Grayscale’s spot Bitcoin exchange-traded fund (GBTC) saw its second daily net inflows on May 6, drawing in $3.9 million into the converted trust, according to data from Farside Investors. As a result, the overall US spot Bitcoin ETF market recorded net positive inflows of $217 million. GBTC ended its 78-day streak of net outflows last […]

May. 7, 2024
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Bitcoin Reclaims Above $63K: Reload for New Highs or Selling Surge Ahead?

Bitcoin Reclaims Above $63K: Reload for New Highs or Selling Surge Ahead?

Bitcoin’s market cap increased by 7% in the last 24 hours, currently trading at $63,166.72. This bullish rally surprised many traders, and they dramatically changed their positions on Binance – from liquidated short positions to long trades catching an

May. 4, 2024
Bitget 2024 Review: Features, Fees

Bitget 2024 Review: Features, Fees

With an exceptional trading volume that puts it among the largest platforms of its kind, Bitget is a well-known participant in the derivatives exchange market. But Bitget offers more than futures; customers can buy cryptocurrencies straight with fiat money or

Mar. 8, 2024

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Ethereum ETF Application Withdrawn by Grayscale Ahead of SEC Decision
News

Ethereum ETF Application Withdrawn by Grayscale Ahead of SEC Decision

Grayscale has unexpectedly withdrawn its application for an Ethereum (ETH) futures exchange-traded fund (ETF) with the United States Securities and Exchange Commission (SEC). The applicant’s withdrawal would have compelled the securities regulator to make a decision on the application three weeks earlier. The cryptocurrency asset manager filed a notice to withdraw the Grayscale Ethereum Futures […]

May. 8, 2024
Bitcoin’s 200-Day Moving Average Hits All-Time High, Bullish Outlook
News

Bitcoin’s 200-Day Moving Average Hits All-Time High, Bullish Outlook

A key technical indicator traders and analysts use to predict Bitcoin’s long-term price trends has reached an all-time high, suggesting a bullish outlook for the cryptocurrency’s future. Bitcoin’s 200-day moving average, which aims to smooth out short-term price fluctuations by taking the average of the last 200 days’ closing prices, hit $50,178 on May 6th, […]

May. 7, 2024
Grayscale’s Spot Bitcoin ETF Sees Second Day of Net Inflows
News

Grayscale’s Spot Bitcoin ETF Sees Second Day of Net Inflows

Grayscale’s spot Bitcoin exchange-traded fund (GBTC) saw its second daily net inflows on May 6, drawing in $3.9 million into the converted trust, according to data from Farside Investors. As a result, the overall US spot Bitcoin ETF market recorded net positive inflows of $217 million. GBTC ended its 78-day streak of net outflows last […]

May. 7, 2024
A Bitcoin Whale Moves Millions After 10-Year Slumber
News

A Bitcoin Whale Moves Millions After 10-Year Slumber

In a surprising move on Monday, a Bitcoin whale awoke from over a decade of dormancy to transfer their stack worth tens of millions of dollars. This came amidst a steady Bitcoin rally over the weekend that saw the cryptocurrency’s price surge above $64,000. Bitcoin, the largest crypto asset by market cap, made a remarkable […]

May. 6, 2024
Coinbase Faces New Lawsuit Over Alleged Securities Sales Deception
News

Coinbase Faces New Lawsuit Over Alleged Securities Sales Deception

Coinbase, one of the leading cryptocurrency exchanges, and its CEO, Brian Armstrong, face a new legal challenge. A new class-action lawsuit alleges that investors were misled into purchasing securities and that the company’s business model violates state laws. The lawsuit, filed in the United States District Court for the Northern District of California San Francisco […]

May. 6, 2024
Bitcoin Network Reaches One Billion Transactions, 15 Years After Its Launch
News

Bitcoin Network Reaches One Billion Transactions, 15 Years After Its Launch

Bitcoin network has officially surpassed one billion processed transactions. According to data published on Clark Moody Bitcoin, one billionth transaction was processed in block 842,241 at 9:34 pm UTC on May 5.  This achievement comes exactly 15 years, four months, and four days after the pseudonymous founder, Satoshi Nakamoto, mined Bitcoin’s first block on Jan. […]

May. 6, 2024
Bitcoin Reclaims Above $63K: Reload for New Highs or Selling Surge Ahead?
Analysis

Bitcoin Reclaims Above $63K: Reload for New Highs or Selling Surge Ahead?

Bitcoin’s market cap increased by 7% in the last 24 hours, currently trading at $63,166.72. This bullish rally surprised many traders, and they dramatically changed their positions on Binance – from liquidated short positions to long trades catching an upswing wave. Certainly, however much optimism the surge has led to, analysts from on-chain data platform […]

May. 4, 2024
U.S. Senate Armed Services Committee Examines Crypto Funding for Adversaries
News

U.S. Senate Armed Services Committee Examines Crypto Funding for Adversaries

The Senate Armed Service Committee held a hearing on crypto and whether our enemies could use it to get funding or financial means for their support. Elizabeth Warren, a senator, said that we should urgently start a process of regulation of cryptocurrencies and that countries like Iran and North Korea shouldn’t use cryptocurrencies to commit […]

May. 4, 2024
BTC-e founder admits guilt in $9 billion laundering conspiracy
News

BTC-e founder admits guilt in $9 billion laundering conspiracy

Alexander Vinnik, a Russian national and co-founder of the cryptocurrency exchange BTC-e, has pleaded guilty to a significant money laundering conspiracy related to the exchange’s operations. This admission comes after a comprehensive investigation uncovered various illicit activities carried out on the platform between 2011 and 2017. The United States Justice Department (DOJ) reported that during […]

May. 4, 2024