Over the past week, Bitcoin has seen a remarkable surge of 10.50%, driven by a series of significant gains. One particular event that contributed to this surge was the spread of fake news regarding the approval of the BlackRock iShares Bitcoin Spot ETF. As a result, the largest cryptocurrency experienced a 7% price increase on
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In a significant move to protect consumers and enhance the security of the cryptocurrency market, the Australian federal government plans to introduce new regulations that would require crypto exchanges to obtain a financial services license. Assistant Treasurer Stephen Jones is set to unveil these long-anticipated rules during the Australian Financial Review Crypto Summit. The aim
California Governor Gavin Newsom has recently given his approval to a new cryptocurrency regulation bill, signaling a significant shift in his stance on digital assets. The legislation, known as the Digital Financial Assets Law, introduces stricter regulations for crypto businesses operating in California. These regulations are set to take effect in July 2025 and aim
The Moscow Stock Exchange is set to revolutionize the real estate investment landscape by introducing a digital financial asset (DFA) specifically tailored for the industry. This innovative development, scheduled for 2024, aims to democratize real estate investments and enable a wider range of investors to participate. Under the leadership of Sergei Kharinov, the director of
The world of cryptocurrencies is constantly evolving, and recent on-chain data has brought to light a startling revelation. Conor Grogan, a director at Coinbase, has unveiled that Alameda Research, a prominent crypto investment firm, has minted a staggering 39.55 billion USDT tokens. This figure accounts for a remarkable 47% of the total circulating supply of
On Thursday, October 12th, 2023, ByBit exchange launched Wall Street Memes ($WSM) perpetual futures trading, causing a surge in its price. This hot new meme coin experienced a staggering 19% increase on the ByBit $WSM/USDT perps market, reaching $0.0394. While profit-taking had previously brought the price down, it still boasts an attractive market capitalization of
The ongoing trial against FTX co-founder Sam Bankman-Fried has taken an intriguing turn with the testimony of Zac Prince, the CEO of defunct crypto lender BlockFi. Prince’s appearance in a Manhattan federal courtroom shed light on the intricate relationship between BlockFi, FTX, and Alameda Research. his testimony provided valuable insights into BlockFi’s exposure to Alameda
A trader on Aave, a decentralized liquidity protocol operating on multiple platforms, has recently started selling wrapped Bitcoin (WBTC) to repay outstanding debt. This move comes as the trader faces the risk of collateral liquidation due to a decreasing health factor. In this article, we will delve into the details of the trader’s situation and
A former CEO of an investment firm has recently confessed to participating in a deceptive trading practice known as “cherry-picking.” This scheme involved manipulating the allocation of profitable and unprofitable trades to benefit the CEO’s personal accounts while causing losses to investors. The founder and previous CEO of Systematic Alpha Management LLC (SAM), Peter Kambolin,
Ether (ETH) price experienced a significant decline between Oct. 6 and Oct. 12, reaching a seven-month low at $1,520. Despite a slight rebound to $1,550 on Oct. 13, it is evident that investor confidence and interest in Ethereum have been waning. This downtrend is supported by various metrics, and it raises concerns about the future
