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2 years, 1 month ago
Judge Rules Ether and Bitcoin Are Crypto Commodities
A United States District Court judge has declared Ether (ETH) and Bitcoin (BTC) as “crypto commodities” in her dismissal of a class action lawsuit against the decentralized exchange Uniswap. Judge Katherine Pol…
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2 years, 1 month agoBloomberg Analysts Raise Probability of Bitcoin ETF Approval by End of 2023
A recent victory by Grayscale against the federal securities regulator has raised the probability of an approved spot Bitcoin exchange-traded fund (ETF) by the end of 2023, according to Bloomberg analysts. Eric…
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2 years, 1 month agoCircle Launches 'StableSeptember' Event with Multiple Launches
Circle, a cryptocurrency financial services company, is launching a series of events called “StableSeptember” to promote the use of stablecoins. The first of these launches will take place on August 31, 202…
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2 years, 1 month agoRobinhood Wallet Expands Crypto Support with On-App Swaps and Fiat Onramp
Robinhood Wallet, the popular multi-chain, self-custody, Web3 wallet, has recently introduced new features to meet the demands of its growing user base. The wallet now supports Bitcoin (BTC) and Dogecoin (DOGE),…
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2 years, 1 month agoCoinbase Acquires Minority Stake in Circle, USDC to Become Native on Base Network
Coinbase and Circle have recently announced a new agreement, with Coinbase acquiring a minority stake in Circle. This agreement follows two years of split governance between the two companies. Circle has also…
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2 years, 1 month agoBloomberg Analysts Predict High Likelihood of Bitcoin ETF Launch by End of 2024
A federal court ruling this week has increased the likelihood of a Bitcoin (BTC) exchange-traded fund (ETF) launching by the end of the year. According to Bloomberg ETF experts James Seyffart and Eric Balchunas,…
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2 years, 1 month agoBitcoin Sharks and Whales Buy Ahead of Rally, Price Surges 3%
Bitcoin investors holding between 10 to 10,000 BTC bought ahead of the rally, according to data from the on-chain analytics firm Santiment. The “BTC Supply Distribution” metric shows that these large BTC hol…
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2 years, 1 month agoGrayscale CEO Promises Lower Fees if Bitcoin Trust Becomes ETF
Grayscale CEO Michael Sonnhenshein spoke to CNBC’s Squawk Box on Wednesday to discuss the company’s recent victory in its lawsuit against the Securities and Exchange Commission (SEC). The court determined that the…
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2 years, 1 month agoRobinhood Holds $2.7 Billion in Ethereum-Based Tokens
Robinhood, a trading app company, has been identified as the owner of the fifth-largest Ethereum address, holding 1.5 million ETH ($2.54 billion). This address also holds $177 million of other ERC-20 tokens. Arkham…
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2 years, 1 month agoJudge Dismisses Class Action Suit Against Uniswap Labs and Backers
A U.S. District judge has dismissed a class action lawsuit against Uniswap Labs and its backers for allegedly abetting token scams. The judge concluded that current law does not provide a legal avenue for enforcing…
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2 years, 1 month agoOKX Publishes 10th Proof-of-Reserves Report, Users Call for Transparency
OKX, a leading cryptocurrency exchange, has released its tenth consecutive proof-of-reserves (PoR) report. The report shows that the exchange holds $10.4 billion in primary crypto assets such as Bitcoin (BTC),…
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2 years, 1 month agoUniswap Class Action Lawsuit Dismissed by US Court
A US court has dismissed a class action lawsuit against Uniswap, a crypto platform. The suit alleged that users lost money in scam tokens on the platform, but the judge ruled that the software provider cannot be…
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2 years, 1 month agoGrayscale Wins Significant Victory Over SEC in Bitcoin ETF Case
Grayscale, a crypto investment manager, has won a significant victory over the Securities and Exchange Commission (SEC) in the United States Court of Appeals for the District of Columbia Circuit. The court revoked…
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2 years, 1 month agoCrypto Analyst Predicts Bitcoin Could Drop 16% in September
Crypto analyst Benjamin Cowen has warned that Bitcoin (BTC) could experience a major market correction in September. Cowen, who has 762,500 followers on the social media platform X, believes that Bitcoin could drop…
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2 years, 1 month agoSEC's Regulatory Clarity in Question as Ripple Challenges XRP Appeal
Ripple’s legal team, including the Chief Legal Officer, CEO, and other experts, have voiced their skepticism about the SEC’s uniformity and regulatory clarity in the cryptocurrency space. This follows Grayscale Inv…
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2 years, 1 month agoCrypto Futures Market Sees $170 Million Liquidations in 24 Hours
The crypto futures market has seen a large amount of liquidations on Wednesday as Bitcoin has registered a sharp surge. Data shows that liquidations totaled at $170 million during the past 24 hours. This surge was…
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2 years, 1 month agoBitcoin ETF Approval Inevitable, But Fed's Hawkishness Could Bring Downside Pressure
Bloomberg Intelligence analyst Mike McGlone believes that the approval of the first Bitcoin spot ETF in the United States is “inevitable”, but the Federal Reserve could still be a bearish influence. McGlone not…
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2 years, 1 month agoCrypto Market Volatility: SEC Actions Spark Trading Frenzy Amid Delistings
The cryptocurrency market has been thrown into disarray by a series of regulatory developments, leading to considerable volatility for major cryptocurrencies, including Bitcoin and Ethereum. The recent SEC lawsuits…
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2 years, 1 month agoBinance Launches 'Send Cash' Feature to Improve Financial Inclusion in Latin America
Binance has recently unveiled a new feature for its Latin American clients, allowing users in nine Latin American nations to send crypto via Binance Pay. Beneficiaries in Argentina and Colombia can directly collect…
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2 years, 1 month agoShiba Inu Network Sees 300% Rise in 24 Hours
Shiba Inu’s Shibarium network has seen an impressive growth in the past 24 hours, with the number of addresses increasing from 100,000 to 300,000. This threefold expansion has been accompanied by a surge in t…
