As the decision on Bitcoin exchange-traded funds (ETFs) looms, prominent figures in the industry are adopting a cautious stance. BitMex founder Arthur Hayes has predicted a 20-30% drop in Bitcoin value in March, following a possible approval of a Bitcoin ETF. He also suggests that the crypto market could face a significant correction.Hayes’ prediction is […]
ACE Exchange, a leading crypto trading platform in Taiwan, is currently under investigation for alleged fraudulent activities. The local authorities estimate the fraud to be worth over $32 million. The company, however, has clarified that its employees are not implicated in the alleged fraud case.The founder of ACE Exchange, David Pan, and 13 other suspects, […]
The United States Securities and Exchange (SEC) has taken a significant step towards the approval of a spot Bitcoin exchange-traded fund (ETF). The regulatory body has started accepting filings from exchanges, marking a crucial phase in the approval process.On January 5, the Nasdaq Stock Market submitted 19b-4 amendments for spot Bitcoin ETF applications. These applications […]
Max Keiser, a well-known Bitcoin advocate, has made a bold prediction about the future of Solana (SOL), a competitor to Ethereum (ETH). Keiser believes that SOL is on the brink of a significant crash, with its value potentially plummeting to $20. This would represent a drop of over 80% from its current price.Keiser’s forecast for […]
Arbitrum, an Ethereum layer 2 scaling solution, has for the first time in its history, led in daily volume on decentralized exchanges (DEX), according to recent data from crypto analytics firm DefiLlama. In the past 24 hours, the total value of transactions made on Arbitrum by crypto users reached $1.83 billion, surpassing Ethereum’s 24-hour volume […]
In a recent development in the cryptocurrency world, Ethereum staking has seen a significant increase in the exit queue. This surge has reached a record high, primarily driven by the unlocking of Celsius. The impact of this trend is quite noticeable, as it has led to a substantial increase in the wait time for unstaking.Previously, […]
Binance, a prominent cryptocurrency exchange, has recently announced the addition of three major privacy-focused coins to its monitoring list due to concerns about volatility and regulation. The coins in question are Monero (XMR), Zcash (ZEC), and Firo (FIRO), which join seven other coins under review for potential delisting.These coins have been given a “monitoring tag” […]
Binance, a prominent cryptocurrency exchange, has recently announced that it has placed three leading privacy-focused coins on its monitoring list due to volatility and regulatory concerns. The coins in question are Monero (XMR), Zcash (ZEC), and Firo (FIRO), along with seven other coins that are also under review and may face possible delisting.These coins now […]
Decentralized exchange Mango Markets is bolstering its resources to address the ongoing scrutiny from United States regulatory authorities. A proposal on Mango’s governance forum reveals that the decentralized autonomous organization running the exchange is set to approve a budget of $250,000 in USD Coin on January 6. This fund is intended for the hiring of […]
In a recent development, a TechCrunch reporter has revised their prediction regarding the approval of a US Bitcoin ETF. While the possibility of approval by the end of this week seems increasingly unlikely, the reporter maintains that the deadline of January 10 still stands.This update comes as the crypto community eagerly awaits the green light […]
