The FTX debtors have filed to repay creditors in the same value as the time of the exchange’s collapse, potentially denying them the significant gains made in 2023. The troubled crypto exchange is nearing the final stages of a restructuring process that promises an imminent relaunch and full repayment to creditors and customers.Distressed FTX customers […]
For the past six months, nearly a dozen providers have been awaiting the green light from the U.S. Securities and Exchange Commission (SEC) to launch the first spot-based Bitcoin ETF. For years, the agency has refused to approve such products, always with seemingly false reasons. However, a clear court decision in the case of Grayscale […]
Elon Musk, the world’s richest man, has revealed that Dogecoin (DOGE), the leading meme coin, will be accepted as a form of payment for one of his upcoming projects. This announcement has sparked excitement within the Dogecoin community, as it signifies a new use case for the cryptocurrency.The project in question is Tesla’s supercharging station […]
JPMorgan has voiced doubts about the Securities and Exchange Commission’s (SEC) probability of approving spot Ethereum exchange-traded funds (ETFs) by May, which is the first deadline for such approvals. Nikolaos Panigirtzoglou, a representative from JPMorgan, highlighted the importance of the SEC’s classification of ETH as a commodity, akin to Bitcoin, for the approval of spot […]
Bitcoin’s price has been a topic of intense discussion, with predictions for June 30 ranging from $47,000 to $69,420. However, many factors could influence these predictions, making them uncertain. The launch of Bitcoin ETFs set the top of Bitcoin’s range at $49,000. Post-ETF, it is expected to trade in an increasingly constricted range until it’s […]
Grayscale’s DeFi Fund has undergone changes, including the removal of the Curve DAO (CRV) token from its portfolio. In other news, Bitcoin miner Core Scientific has successfully closed a $55 million equity financing round, marking its return to solvency. The company’s CEO, Adam Sullivan, stated that the funds raised, along with the full repayment of […]
Social media platform X, under the leadership of billionaire Elon Musk, has announced its plans for 2024, which include the implementation of long-awaited payment features. This announcement has led to a surge in Dogecoin (DOGE) prices. The platform’s achievements in 2023 included the launch of an AI-powered search assistant named Grok and an ad revenue-sharing […]
Bitcoin’s price has been on a significant upward trend following the approval and launch of Spot Bitcoin ETFs. However, crypto analyst Jason Pizzino predicts a temporary halt in this growth, citing Bitcoin’s proximity to a crucial resistance point that could lead to a substantial price drop.In a recent YouTube video, Pizzino shared his insights into […]
Following the approval of spot Bitcoin ETFs, Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC), has expressed caution regarding Ethereum. In a recent interview with CNBC, Gensler discussed the potential for a spot Ethereum ETF to gain SEC approval in the future. While he acknowledged the approval of Bitcoin ETFs, he stressed […]
Blackrock CEO Larry Fink has expressed his belief in the potential of an Ethereum exchange-traded fund (ETF), stating that he “sees value” in such a product. This comes after Blackrock, along with other financial institutions like Fidelity and VanEck, have filed for spot Ethereum ETFs. The U.S. Securities and Exchange Commission (SEC) is expected to […]
