Pantera Capital, a well-known crypto-focused asset manager, is currently in the process of raising funds from major investors to acquire heavily discounted Solana tokens from the bankruptcy estate of FTX. The company is looking to secure funds for the Pantera Solana Fund, which offers an enticing opportunity to purchase up to $250 million worth of
Crypto
The discussion around cryptocurrency, particularly Bitcoin, has revealed a stark generational divide. As financial analyst Tom Lee pointed out in a recent CNBC interview, Millennials and Gen Z are more open to adopting cryptocurrency compared to Baby Boomers. This shift in attitude can be attributed to a variety of factors, including technological familiarity and a
Bitcoin’s market resiliency has been a topic of discussion recently, with lead Glassnode analyst James Check predicting a bullish trajectory for the cryptocurrency. According to him, the Bitcoin market has shown stronger foundations compared to previous cycles, citing the entry into a “bull market distribution phase” after the launch of U.S. Bitcoin ETFs by BlackRock
The Spanish data protection regulator, AEPD, recently took action against Worldcoin by instructing the company to cease the collection of personal data in the country through scans. Additionally, Worldcoin was directed to refrain from utilizing any data that had already been obtained. This decision came after AEPD received multiple complaints about Worldcoin dating back to
Binance.US, the popular cryptocurrency trading platform, has recently been struggling with significant challenges. Chief Operating Officer Christopher Blodgett recently revealed that the company had to let go of over 200 employees, representing two-thirds of its workforce, due to legal actions taken by the U.S. Securities and Exchange Commission (SEC). This downsizing was a result of
Peter Schiff, the founder of Euro Pacific Asset Management, is known for his skepticism towards cryptocurrency. Recently, he made a bold statement declaring Bitcoin as the “ultimate asset bubble” as the price of Bitcoin soared to over $61,500. Despite his warning, Bitcoin continued to rise in value, trading at over $65,000 at the time of
Despite facing challenges in the form of resistance levels, XRP has managed to show positive signs in terms of potential growth. Analysts have highlighted the significance of technical indicators like MACD and Ichimoku in predicting an upward trajectory for the token. Dark Defender and Alex Cobb are among the experts who believe that XRP could
The anticipation surrounding the potential launch of Ethereum spot ETFs may be met with disappointment, according to Bloomberg ETF analyst Eric Balchunas. While Bitcoin spot ETFs have seen significant success in the United States, with over $7 billion in net flows since their launch, Balchunas believes that Ethereum ETFs will not come close to their
The Wall Street Journal’s investigative article shed light on the shady financial practices employed by Tether, Bitfinex, and their associated companies. The majority ownership of both Tether and Bitfinex by iFinex, a corporation based in the Virgin Islands, raised concerns about their connections to the international banking system. The article revealed that the group of
Friend.tech, a Web3 social platform, has made a bold move by granting users full control over their tokens, a decision that has been welcomed with positivity by the community. This shift in strategy marks a significant departure from the traditional investor-centric approach, aiming to empower users and revitalize the platform’s presence in the market. The
Bitcoin (BTC) recently reached a new all-time high against the euro (EUR) and the British pound (GBP) as it surged to the $65,000 price level. The leading digital asset is making history by nearing 61,000 EUR for the first time, showing a 7% increase in the past 24 hours. This achievement marks the first time
Bitcoin prices experienced a significant surge, reaching $65,500 in early trading on Monday, March 4. This surge propelled the asset to its highest price since November 2021, coming just 5% shy of its all-time high. Additionally, Bitcoin has seen a remarkable increase of over 300% from its cycle low of nearly $16,000 in December 2022.
In recent times, the cryptocurrency industry has witnessed the rise of niche asset classes during bull markets. NFTs and meme coins have emerged as major players in the market, gaining significant attention and driving profits for investors. With the ongoing bullish cycle in the market, experts are closely monitoring the trends to see if a
Ilya Lichtenstein, once known for his involvement in the looting of billions of dollars from Bitfinex, has now taken a surprising turn by assisting federal prosecutors in building a case against Bitcoin Fog, a popular crypto mixing service. In a shocking twist of events, Lichtenstein pleaded guilty to money laundering charges last year after successfully
