Over $12 million was wagered on a Polygon-based decentralized predictions market, Polymarket, on the outcome of the United States approving a spot Bitcoin exchange-traded fund (ETF) before mid-January. The bet, which began in early December, resolved to “yes” on January 10th when the Securities and Exchange Commission (SEC) approved the trading and listing of 11 […]
In a significant development in the cryptocurrency market, Ethereum Classic (CRYPTO: ETC) has seen a remarkable 34% surge over the past 24 hours. This increase has outshone the performance of leading cryptocurrencies such as Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).The surge has positioned Ethereum Classic as the top performer among the 100 leading cryptocurrencies […]
The cryptocurrency industry continues to collaborate with regulatory authorities to ensure a balance between innovation and consumer protection. Satoshi Nakamoto, the enigmatic creator of Bitcoin, laid the foundation for a financial revolution with his visionary cryptocurrency concept in 2008. With the approval of the Spot-ETF on Wall Street, Bitcoin is experiencing a second Big Bang, […]
Michael Ackerman, a resident of Alliance, Ohio, has been hit with a permanent injunction by default judgment, as declared by the Commodity Futures Trading Commission (CFTC) on June 28. The judgment, handed down by Judge Naomi Reice Buchwald of the U.S. District Court for the Southern District of New York, prohibits Ackerman from participating in […]
JPMorgan CEO Jamie Dimon has reiterated his negative stance on Bitcoin and the wider cryptocurrency industry in a recent interview with Fox, citing concerns over illicit activities such as sex trafficking, tax evasion, money laundering, and terrorism financing. He has previously expressed similar views during a Senate Banking Committee hearing, suggesting that cryptocurrencies should be […]
UBS, a leading Swiss bank, has achieved a record-breaking market share in its home country following the acquisition of its main competitor, Credit Suisse. This strategic move has resulted in UBS securing a significant 25% of the dealmaking fee pool in Switzerland last year, a feat that is unprecedented in the industry.UBS’s takeover of Credit […]
Pharmaceutical giants Eli Lilly and Novo Nordisk have seen their value more than triple in less than three years. Their combined corporate value, which consists of market capitalization plus net debt, was around $360 billion at the height of the COVID-19 pandemic in February 2021. It has since grown to a trillion dollars.The rapid rise […]
The Shiba Inu team has made a significant move in the cryptocurrency market by burning 200 Ethereum (ETH), equivalent to $475,366. This action is aimed at reducing the circulating supply of the meme coin, sparking widespread discussion in the crypto community. The question on everyone’s lips is whether this could be the catalyst that propels […]
Bitcoin’s price experienced dramatic swings yesterday following a hack on the US Securities and Exchange Commission’s (SEC) official X account. A fraudulent tweet was posted at 4:11 PM EST on Tuesday, falsely claiming the approval of a spot Bitcoin exchange-traded fund (ETF).Within fifteen minutes, SEC Chair Gary Gensler responded with a statement on his X […]
Bitcoin’s price experienced dramatic swings yesterday following a hack on the US Securities and Exchange Commission’s (SEC) official X account. A fraudulent tweet was posted at 4:11 PM EST on Tuesday, falsely claiming the approval of a spot Bitcoin exchange-traded fund (ETF).Within fifteen minutes, SEC Chair Gary Gensler responded with a statement on his X […]
