The Terra network and its founder, Do Kwon, experienced a rapid rise and fall in the crypto world. In May 2022, the price of the algorithmic stablecoin UST, which is designed to maintain a $1 peg, began to fluctuate and eventually plummeted to 35 cents. This caused its companion token, LUNA, which was meant to […]
Sam Bankman-Fried, the former CEO of FTX, will testify at his criminal trial, according to his defense lawyers. He is expected to take the stand along with three witnesses after the prosecution completes its case. Meanwhile, Matrixport, a cryptocurrency trading firm, has reiterated its prediction that Bitcoin will reach $45,000 by the end of 2023. […]
The BlackRock spot Bitcoin exchange-traded fund (ETF), IBTC, briefly disappeared from the Depository Trust and Clearing Corporation’s (DTCC) website, causing a surge in Bitcoin’s price. The sudden reappearance of IBTC on the website led to speculation about a potential spot ETF approval, resulting in frenzied market activity. However, when the ticker disappeared again, Bitcoin’s price […]
The latest episode of ETF Prime features discussions on various ETF topics, including spot bitcoin ETFs. Host Nate Geraci speaks with Todd Rosenbluth from VettaFi and James Seyffart from Bloomberg to get their insights.Rosenbluth shares his thoughts on spot bitcoin ETFs, stating that he believes a release of such a product will happen in early […]
An Ethereum ICO participant, who had been dormant for over eight years, recently transferred their pre-mined stash of Ether tokens to different addresses. The address received 2,000 ETH during the ICO in 2014, and the tokens were purchased for $620 at a price of $0.31 per token. The value of these tokens has now grown […]
The approval of a spot Bitcoin ETF is eagerly awaited by the crypto community, as it could attract billions of dollars of institutional money. However, analysts are divided on the potential market reactions to the approval. Recent events, such as the fake ETF news, have shown the significant impact on the market when the SEC […]
Binance, the world’s largest cryptocurrency exchange, has announced the addition of six new spot trading pairs, including ATOM/FDUSD, AVAX/FDUSD, BAND/TRY, BCH/FDUSD, LOOM/TRY, and MATIC/FDUSD. They will also introduce Spot Grid and Spot DCA Trading Bots for the NTRN/USDT and PENDLE/USDT pairs. Users will enjoy zero maker fees on FDUSD trading pairs until further notice. FDUSD […]
Bitcoin’s price has remained strong, reaching a high of $28,516 despite economic challenges in the US. This stability may be attributed to increased institutional activity and positive investor interest in Bitcoin. Fidelity Investments, along with other institutions like ARK Invest and Invesco, have amended their spot Bitcoin ETF filings, indicating ongoing dialogue with the SEC. […]
BlackRock CEO Larry Fink believes that Bitcoin and other cryptocurrencies are now seen as safe-haven assets in times of geopolitical uncertainty. Fink suggests that the recent rally in Bitcoin’s price indicates that investors view it as a mature asset that can store value during crises. He attributes the rally to a flight to quality, driven […]
ESMA, the European Securities & Markets Authority, has issued a warning to crypto investors regarding the implementation of the Markets in Crypto-Assets Regulation (MiCA). The regulatory framework, approved by the European Union earlier this year, is expected to take until December 2024 to be fully implemented. This means that crypto investors will remain at risk […]
