The United States Securities and Exchange Commission (SEC) is expected to reach a final verdict on the seven firms in question by mid-March. Eric Balchunas, an ETF analyst at Bloomberg, has adjusted the probability of a spot Bitcoin ETF gaining approval by the close of 2023 to 75%, and further increased those odds to 95% […]
A class-action lawsuit has been brought against Binance.US and its CEO, Changpeng Zhao, accusing them of attempting to monopolize the cryptocurrency market and negatively impacting competitor FTX. The lawsuit claims that Zhao used social media, particularly Twitter, to spread information and manipulate the market value of FTX’s utility token FTT. It is alleged that Zhao […]
Binance, the world’s largest cryptocurrency exchange, and its CEO Changpeng Zhao (CZ) are facing a class action lawsuit in California federal court. The lawsuit was filed by an FTX user who lost assets when FTX collapsed and filed for bankruptcy last month. It alleges that Binance, which held a stake in FTX’s FTT token, made […]
The US Securities and Exchange Commission (SEC) has approved the first Ether-based exchange-traded funds (ETFs) in the US, making the second-largest cryptocurrency by market capitalization more accessible to institutional investors. However, the products come with some drawbacks, as evidenced by the low trading volume. Two years ago, the crypto industry celebrated a milestone when the […]
Ripple’s potential Initial Public Offering (IPO) has sparked intense speculation in the XRP community. Wall Street financial veteran Linda Jones has suggested a potential valuation of Ripple’s stock at $35 per share, with a potential to soar up to $600. This could have a significant impact on XRP’s price, as a surge in Ripple’s stock […]
Chainalysis, a blockchain analytics firm, has reduced its headcount by 15% this week, amounting to approximately 135 staff. This is the second round of cuts for the company this year due to the ongoing crypto bear market reducing the demand for commercial products. A spokesperson for Chainalysis confirmed the firm had around 900 employees before […]
Bitcoin’s price has surged above the $28,400 level, triggering $110 million in liquidations across the cryptocurrency futures market. The asset’s value has shot up since yesterday, reaching as high as $28,500. Other top assets in the sector have also seen rallies of their own.The crypto sector has seen many liquidations in the past day, with […]
Crypto analyst Dark Defender has presented a bullish prediction for the XRP price, with a target of $5.85, a 1,100% increase from its current price of $0.523. The analysis is based on the fact that XRP closed the month of September with a Doji, meaning that the price of the digital asset had closed the […]
Shiba Memu (SHMU) is a new meme cryptocurrency that has raised over $3.48 million in its presale. It has a unique value proposition that sets it apart from other meme cryptocurrencies, as it uses AI to analyse social media and deliver targeted marketing interventions. This allows it to retain fame and maintain price surges. The […]
The meme coin PEPE has been one of the best performing cryptocurrencies over the last week, and a pseudonymous crypto analyst has predicted a meteoric rise for the PEPE price that could see it reach triple digits. The analyst points to a falling wedge pattern that has been forming for the cryptocurrency over the last […]
