Bitcoin and other top ten cryptocurrencies such as ethereum, XRP, and solana have experienced a sharp decline, despite a massive $10 trillion bitcoin price bet. This has resulted in a nearly 10% drop in bitcoin price over the last 24 hours, affecting the price of other major cryptocurrencies and erasing around $100 billion from the […]
U.S. Senators Ron Wyden and Cynthia Lummis have called for an investigation into the U.S. Securities and Exchange Commission (SEC) following a security breach. The lawmakers penned a letter to the SEC’s Inspector General, Deborah Jeffrey, on January 11, requesting an inquiry into the breach that took place two days prior and the agency’s failure […]
Litecoin, often dubbed as the “silver to Bitcoin’s gold,” is gaining momentum among analysts who foresee it potentially outperforming Bitcoin in the near future. Tony “the Bull,” a certified chartist and the Head of Research at NewsBTC, recently presented a bullish perspective for the 18th most valuable cryptocurrency. He pointed out the monthly candlestick formations […]
In a significant development, crypto firms faced substantial regulatory action last year, collectively paying nearly $6 billion in fines. These fines were primarily due to Anti-Money Laundering (AML) violations and deficiencies in customer checks. For the first time, crypto and fintech groups experienced higher fines for inadequate controls than the entire traditional financial system.The total […]
The XRP community is intensifying its token burning efforts in an attempt to decrease the circulating supply of the digital asset. The total number of tokens burned has reached a new record, surpassing the previous high.Over 12 million XRP tokens have been burned, according to data from the XRPScan website. Given the current market prices, […]
The U.S. Securities and Exchange Commission’s (SEC) position on an Ethereum-based exchange-traded fund (ETF) is currently a hot topic among financial analysts and major investment firms. Despite the widespread anticipation, JPMorgan has voiced doubts about the SEC’s approval of a spot ETF by May 2024, unless Ethereum is classified as a commodity.The SEC has been […]
A JPMorgan executive has recently predicted a 50% chance of a spot Ethereum ETF being approved in May. Nikolaos Panigirtzoglou, a Managing Director for JPMorgan, expressed his views on the matter, stating that for the U.S. Securities and Exchange Commission (SEC) to approve spot Ethereum ETFs in May, Ethereum would need to be classified as […]
Web3 lending app and yield aggregator Wise Lending suffered a significant loss of 170 Ether (ETH), valued at $440,000, in an apparent exploit on January 12. The attacker is suspected to have manipulated an oracle price via a flash loan to execute the exploit. The attack occurred at 07:29 pm UTC, with the perpetrator using […]
Daniel Roberts, co-CEO of Bitcoin mining company Iris Energy, has voiced concerns over Spot Bitcoin ETFs, citing Bitcoin’s limited supply as a potential issue. Roberts highlighted that Bitcoin ETFs are the first of their kind with an underlying asset whose supply is capped at a specific amount, with Bitcoin’s maximum total supply being 21 million […]
The chairman of the Securities and Exchange Commission (SEC) has reiterated his criticisms of Bitcoin (BTC), despite recently approving a number of exchange-traded funds (ETFs) for the cryptocurrency. In an interview with CNBC, the chairman argued that Bitcoin’s use cases are limited, often associated with illicit activities, and have ironically trended toward centralization over time.Bitcoin’s […]
