Bitcoin’s price has been on a wild ride recently, experiencing sharp drops and sudden increases in value. After hitting an all-time high of almost $74,000, the cryptocurrency plummeted by about $10,000 in a single day. This downward trend continued, reaching a low of under $61,000 amid speculation about the actions of the US Federal Reserve.
BlackRock, a renowned asset management firm, recently announced its selection of Coinbase as the key infrastructure provider for its tokenized investment fund, BlackRock USD Institutional Digital Liquidity Fund (BUIDL). The fund aims to maintain a stable value of $1 per token and distribute daily accrued dividends directly to investors’ wallets in the form of new
The Commodities and Futures Trading Commission (CFTC) has recently given the green light to Coinbase Derivatives Exchange to list futures contracts tied to Dogecoin (DOGE), Bitcoin Cash (BCH), and Litecoin (LTC). This approval marks a significant milestone in the cryptocurrency market, as these tokens are now set to enter the world of futures trading. The
The official Twitter account of Trezor, a prominent hardware wallet manufacturer, recently fell victim to a severe compromise, likely orchestrated through a SIM swap attack. The breach resulted in the dissemination of fraudulent messages promoting fake token sales and wallet scams. The suspicious activities were first brought to light by ZachXBT, an anonymous individual with
The legal battle between Ripple and the United States Securities and Exchange Commission (SEC) has been ongoing since December 2020. The SEC accused Ripple of illegally raising over $1.3 billion through an unregistered securities offering by selling XRP. Ripple has consistently argued that XRP is a currency, not a security, and therefore should not be
Recently, XRP experienced a significant price spike that caught the attention of many analysts and investors. This spike, which saw the price of the token reach an all-time high of $74, was attributed to a glitch on the Atlantis Exchange platform. While some users were excited about the sudden surge, it was quickly discovered that
Bitcoin, the flagship crypto token, has shown promising fundamentals that suggest it is well-positioned for growth in the current bull market. Despite this positive outlook, the recent price decline of Bitcoin has raised concerns among investors. Data from the on-chain analysis platform CryptoQuant indicates that the supply of Bitcoin on exchanges has decreased by nearly
Bitcoin’s price recently experienced a significant drop, falling from a high of over $73,600 to a low of under $60,800, resulting in a -17% loss in value. Alex Krüger, a well-respected figure in both macroeconomics and the crypto space, identified several key factors contributing to this crash. According to Krüger, excessive leverage in the market,
In the world of cryptocurrency, meme coins have been gaining significant traction. The latest buzz surrounds Kermit (KERMIT), a new token themed after the popular Muppets show character. However, amidst the frenzy over Kermit, there is another contender on the horizon – Dogecoin20, a dog-themed coin that is poised to make a mark in the
The US SEC has recently pushed back the approval process for several highly anticipated Ethereum exchange-traded funds (ETFs), as per regulatory filings. Among the investment firms affected by these delays are VanEck, Ark Invest, Hashdex, and Grayscale. Notably, Grayscale has added a staking component to its ETH ETF application. Bloomberg ETF analyst James Seyffart, known
