Bitcoin, the largest digital asset, experienced an eventful day on January 10, 2024, as the US Securities and Exchange Commission (SEC) finally approved spot exchange-traded funds (ETFs) tracking its performance. This development marked a significant milestone for the cryptocurrency industry, but it also brought about unexpected volatility. When the ETFs went live on several stock
Crypto
Celsius, the once-popular crypto staking, lending, and exchange platform, has recently sparked outrage with its aggressive clawback attempts. After shifting its focus to Bitcoin mining following its bankruptcy case, the platform has taken a drastic step to recover funds from former clients. This move comes after Celsius raised the “unsecured creditors” argument in court to
The Securities and Exchange Commission (SEC) recently faced a major embarrassment when its Twitter account, @SECGov, was hacked. The incident shed light on the agency’s vulnerability to cyber attacks and raised concerns about its ability to protect sensitive information. The hack revealed a lack of basic security measures, sparking criticism from industry experts and further
Fox reporter Eleanor Terrett has recently brought attention to a crucial procedural element within the U.S. Securities and Exchange Commission (SEC) that could potentially influence the fate of the highly anticipated spot Bitcoin Exchange-Traded Fund (ETF) approval. This revelation has generated significant interest and speculation within the crypto community. Terrett’s tweet on January 9th shed
A recent report by Kaiko has shed light on a concerning trend in the cryptocurrency market – the severe decline in liquidity for privacy tokens. The data reveals that liquidity for privacy tokens has reached an all-time low of just $5 million. This sharp drop can be attributed to the delisting of several trading pairs
Bitcoin, the world’s largest cryptocurrency, experienced a rapid decline in value earlier this month. However, a closer analysis of the market reveals an interesting trend in the actions of large Bitcoin holders during this price dip. These holders, who possess over 1% of the total supply, actively accumulated a significant amount of Bitcoin during the
In a bid to enhance transparency and financial integrity, Binance, one of the world’s leading cryptocurrency exchanges, has released its latest Proof-of-Reserves (PoR) report. The report reveals that Binance holds more than enough reserves across different cryptocurrencies to cover customer balances. This move is essential in building trust within Binance’s user base and combating the
As Bitcoin continued to soar to new heights in 2023, the number of crypto ATMs providing access to digital currencies through cash or debit cards saw a significant decline. According to Coin ATM Radar, the total count of crypto ATMs worldwide dropped from 37,827 on January 1, 2023, to 33,628 on January 1, 2024. This