The recent appearance of the death cross indicator on Bitcoin’s chart has sparked discussions among crypto analysts, with Benjamin Cowen offering his insights on the potential impact of this indicator. In a video shared on his YouTube channel, Cowen emphasized the significance of the $62,000 price level for Bitcoin in avoiding another price crash. The
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Leading European investment company CoinShares has reported a significant increase in revenue for the second quarter of 2024. The company’s earnings reached an impressive £22.5 million ($28.5 million), representing an exceptional 110% year-over-year growth. This substantial growth was primarily attributed to CoinShares’ claims on FTX bankruptcy proceedings which resulted in a recovery rate of 116%
In a recent social media post, Tyler Winklevoss, co-founder of Gemini crypto exchange, criticized what he called the “reset” of Vice President Kamala Harris’ stance on crypto as a “scam”. This comes on the heels of the Federal Reserve’s crackdown on Customers Bank, a crypto-friendly institution. Winklevoss’s post comes after he expressed disappointment in Harris
The past week was tumultuous for the spot Bitcoin ETFs, with massive outflows totaling $167 million. This negative trend was evident throughout the week, with only two days of inflows amounting to $45.1 million on Wednesday and $194.6 million on Thursday. Grayscale’s GBTC saw the most significant outflows of $77 million, followed by Ark Invest’s
Semilore Faleti is not your average cryptocurrency writer; he is a specialized journalist with a unique talent for delving into the complexities of the blockchain and cryptocurrency world. His journey began with a broad range of writing subjects, but it was his natural ability to decode the intricate details of digital assets that set him
In the late 1990s, Berkshire Hathaway’s Vice Chairman, Charlie Munger, famously stated that the first $100,000 is crucial, even if it means extreme frugality. Fast forward to the present day, and the Bitcoin economy has seen over 450,000 BTC addresses holding Bitcoin worth $100,000 or more. This milestone has been reached multiple times, with the
After a long-awaited conclusion to the settlements phase of the trial, Ripple faced a much smaller fine than expected from the SEC. This decision by U.S. District Court Judge Analisa Torres for the Southern District of New York (SDNY) resulted in a fine of just a little over $125 million, significantly lower than the requested
Celsius, a company that filed for bankruptcy two years ago, is now taking legal action against Tether for what they claim was the wrongful liquidation of over $800 million worth of BTC. The lawsuit, filed in the US Bankruptcy Court for the Southern District of New York on August 9, accuses Tether of breaking their
Opeyemi is not your average writer – he is a passionate enthusiast in the world of cryptocurrency. Despite not initially choosing the digital asset industry, he has found himself deeply immersed in it for over two years. His dedication to unraveling the complexities of blockchain technology and sharing insights on the latest trends in the
The recent development in the lawsuit between Ripple and the US Securities and Exchange Commission (SEC) has resulted in Ripple being fined $125 million for violating certain securities laws. This amount is significantly lower than the initial demand of $2 billion from the regulator. Many industry participants are viewing this decision as a victory for
Whistleblowers have been playing a crucial role in enforcing regulations within the digital asset market. The Commodity Futures Trading Commission (CFTC) recently awarded over $1 million to a crypto whistleblower, highlighting the significance of insider information in identifying unlawful conduct. The CFTC’s Whistleblower Program, established under the Dodd-Frank Wall Street Reform and Consumer Protection Act
Stablecoin issuer Tether is gearing up for significant growth in the coming year as it aims to double its workforce. CEO Paolo Ardoino has revealed plans to increase the company’s headcount to around 200 employees by mid-2025. This expansion is aimed at bolstering key areas such as compliance and finance, particularly in managing the $118
In a recent analysis by renowned crypto trader and analyst, Peter Brandt, the competition between Ethereum and Solana was evaluated to determine which cryptocurrency was superior. Brandt pointed out the fundamental characteristics, strengths, and weaknesses of both altcoins to identify a clear winner in the ongoing debate. While Ethereum has been recognized as the second
Shibarium, the layer-2 scaling solution for Shiba Inu, has been making waves with its advancements in transaction processing speed, scalability, and cost reduction within the Shiba Inu ecosystem. The recent announcement of a hard fork launching the new Bor version has grabbed the attention of the crypto community. The upgrade, set to take place on
