In the last day, bitcoin exhibited a dynamic display, marked by significant fluctuations and upward movements across different periods. Upon hitting a peak at $ 69,210 per unit on Mar. 5, the cryptocurrency dipped below the $ 60,000 threshold, only to climb again on Wednesday, positioning itself in the $ 66,500 to …
JPMorgan has cautioned investors that the price of bitcoin could fall to $ 42,000 after the halving event in April. The global investment bank’s analysts explained that $ 42K is the level they “envisage bitcoin prices drifting towards once bitcoin-halving-induced euphoria subsides after April.” The bank also recently stated that the bitcoin halving …
Gemini has reached a settlement with Genesis and other creditors within the Genesis bankruptcy proceedings, promising a full in-kind return of digital assets to Earn program users. This resolution, pending bankruptcy court approval, signifies a major victory for users, with over $ 1.8 billion in assets set to be returned. Potential Full Crypto Asset …
Bitcoin’s price has seen a period of consolidation after its recent high of around $ 52,884, according to price data from Feb. 19, 2024. Technical indicators suggest the leading crypto asset remains in an uptrend and may be poised for a further move higher after this sideways trading range. Shorter timeframe charts point to …
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has assured lawmakers that the securities regulator “takes its cybersecurity obligations seriously.” Lawmakers raised concerns following the hacking of the SEC’s account on social media platform X, where a post falsely announced the approval of spot bitcoin exchange-traded funds (ETFs). Gensler: SEC Takes Cybersecurity Obligations Seriously […]
Blackrock’s Ishares Bitcoin Trust (IBIT) has rapidly ascended to the upper ranks of the exchange-traded funds (ETFs) market, landing among the top five in terms of 2024 inflows in just 17 days, showcasing the burgeoning investor interest in cryptocurrency as a legitimate asset class. Blackrock’s Bitcoin ETF Inflows Greater Than 99.98% of ETFs This Year […]
In the latest reports, a number of the nine spot bitcoin exchange-traded funds (ETFs) that were launched on Jan. 11, 2024, have increased their bitcoin holdings following the last day of trading activity recorded on Feb. 2, 2024. According to the data, Blackrock’s IBIT now possesses 72,466.64 bitcoin, valued at $ 3.12 billion, and …
A Denver pastor, accused of crypto-fraud, has been spotted in the Zambian capital just days after he reportedly failed to appear in court. The pastor, Eligio Regalado, said about half of the misappropriated $ 1.3 million went to the IRS. Denver Pastor’s Assets Frozen The Denver pastor accused of misappropriating $ 1.3 …
On the final day of January 2024, a series of nine enigmatic transactions emerged from wallets established in 2016. Subsequently, another tranche of 15 transactions from wallets created on that same day in 2016 moved a total of 1,210.41 bitcoin, valued at $ 52 million. This marked the first movement of these funds in …
Following a sudden plunge in the value of its native token OKB, which fell over 50% in a matter of minutes, Okx exchange has committed to developing a compensation plan for users caught in the resultant wave of automatic liquidations. Okx Exchange to Roll Out Compensation After Unexpected OKB Token Flash Crash Okx exchange experienced […]
The Ethereum network has successfully implemented the Dencun upgrade on its Goerli testnet. This achievement comes as a part of Ethereum’s ongoing effort to introduce cost-effective data storage solutions on its blockchain. Dencun Upgrade Triumphs on Goerli Testnet After Initial Delay The highly anticipated Dencun upgrade, also known as “Cancun-Deneb,” successfully went live on the […]
Investing giant Vanguard has doubled down on its anti-bitcoin and anti-crypto stance after disallowing investors access to spot bitcoin ETFs approved by the U.S. Securities and Exchange Commission (SEC) this week. The firm has also announced that it will no longer accept the purchase of cryptocurrency products, including bitcoin futures ETFs. Ark Invest CEO Cathie […]
Rich Dad Poor Dad author Robert Kiyosaki has revealed that he bought additional bitcoin following the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). The famous author is deeply concerned about the U.S. economy, particularly the threat of hyperinflation. Robert Kiyosaki Increases Bitcoin Holdings After SEC Green-Lights …
The Nigerian stablecoin consortium has said it will not be launching a stablecoin in late February as previously advised. Instead, the consortium, which is comprised of banks and fintech startups, said it plans to launch the stablecoin only after it gets the green light from the central bank. Nigerian Stablecoin Project in False Start The […]
Radiant Capital, a decentralized finance (defi) platform, confirmed on Jan. 3, 2023, that it fell victim to an attack which saw the “protocol accruing bad debt in the WETH market, totaling about 1.3% of total protocol TVL” or $ 4.5 million. Radiant Capital has urged the hackers to establish contact with the defi platform …