In a rather shocking development, Grayscale Bitcoin Trust (GBTC) has recorded its first-ever inflow after witnessing significant daily outflows since its launch. Grayscale Bitcoin ETF Records Over $60 Million In Inflows Grayscale’s Spot Bitcoin ETF has finally broken its 82-day streak of outflows since its launch on January 11, 2024. GBTC saw its first day
Shiba Inu has scored another major listing as PayPal users within the United States can now buy the dog-themed cryptocurrency through MoonPay, opening up new avenues for adoption and potentially fueling a price increase. PayPal Teams Up With MoonPay For Shiba Inu Access American multinational financial technology company PayPal has made a strategic partnership with
The foremost meme coins, Dogecoin (DOGE) and Shiba Inu (SHIB) have recorded significant price gains in the last 24 hours. This upward trend is due to several metrics that signal a bullish outlook for the respective meme coins. Related Reading: Fear Back For 1st Time Since October As Crypto Greed Takes The Backseat Dogecoin Sees
On Wednesday, ETH, the native coin of the Ethereum blockchain experienced a significant rejection at the resistance level of $2,871. Since this rejection, the price of Ethereum has gained a significant upward movement of over 9% and showing signs of even moving further. At the time of writing, the price is still showing strong signs
Friend.tech, a social media platform built on the Ethereum blockchain, aimed to celebrate the launch of its version 2 protocol with an airdrop of its native token, FRIEND. However, the well-intentioned initiative turned into a cautionary tale, with the token’s price experiencing a dramatic nosedive and user frustration reaching a fever pitch. Related Reading: Fear
In a concerning turn of events, an anonymous crypto trader has lost approximately $71 million worth of assets in an address poisoning scam. This incident has roused much tension in the crypto ecosystem, underlining the need for improved safety measures. Related Reading: Leaper Finance Exposed: Sleuth Uncovers Alleged Multi-Million Dollar Crypto Scam Trader Loses 1,155
The past few weeks have been a rollercoaster ride for Bitcoin investors. Fears of inflation and geopolitical tensions sent shockwaves through the cryptocurrency market, dragging Bitcoin and its altcoin brethren down to depths not seen since early 2024. Bitcoin, the world’s leading cryptocurrency, plummeted to as low as $56,500 this week, a far cry from
The US Securities and Exchange Commission (SEC) has extended its review period on the launch of crypto asset management company 7RCC’s Bitcoin spot ETF (exchange-traded fund). SEC Extends Deadline For 7RCC’s Bitcoin Spot ETF In a notice published on Thursday, May 2nd, the SEC said it will now decide to approve or disapprove the 7RCC
About two weeks ago, the crypto space faced another alleged rug pull. This time, the gambling platform and blockchain casino ZKasino was at the center of the accusations, with many investors claiming their money was gone. Despite the allegations, ZKasino continued to post X updates before disappearing from the public eye with investors’ money. The
The Dogecoin open interest has seen a massive crash in the last month, leading to concerns about the future prospects of the meme coin. It is now a long way from its March all-time highs and has returned to the low levels of early February. Dogecoin Open Interest Sees 66.5% Crash In March, the Dogecoin
Reasons to consider owning bitcoin in a retirement portfolio — from outpacing healthcare inflation to managing long-term bond risk.
XRP has largely had a lackluster price movement in recent months, although it continues to show promise for real-world utility. Particularly, the price of XRP was recently rejected at $0.66 after a little surge which saw it falling back down as far as the $0.42 price level. The crypto now finds itself ranging between $0.6
On-chain data suggests the Bitcoin short-term holders haven’t been capitulating during the crash, a sign that a shift has occurred in the market. Bitcoin Short-Term Holders Haven’t Been Doing Much Loss-Selling Recently As pointed out by analyst James Van Straten in a post on X, the BTC short-term holders haven’t been sending much BTC at
The recent actions of the US Department of Justice (DOJ) have ignited a fierce debate on the future of financial privacy. The crackdown on Wasabi Wallet’s service has raised significant concerns among privacy advocates and crypto users alike, spotlighting the tension between regulatory actions and the right to private digital transactions. Related Reading: Crypto Witch-Hunt:
Shiba Inu marketing lead, Lucie has announced plans that would see ShibaSwap, a Decentralized Exchange (DEX) on the Ethereum blockchain expanding to a new chain. This new development could significantly transform the Shibarium ecosystem, potentially fueling a price leap for Shiba Inu’s native token, SHIB and Shibarium’s BONE. ShibaSwap Is Going Multi-Chain While the Shiba
According to a recent survey by Fidelity Digital Assets, institutional investors, including US pension plans, are increasingly inclined to invest in crypto assets, including Bitcoin. The survey covered various institutional investor segments, including financial advisors, family offices, hedge funds, endowments, foundations, and pension funds. Institutional Investors Dominate Crypto Adoption The survey findings indicate a significant
Edward Snowden, the well-known whistleblower, reiterated his long standing concerns about Bitcoin’s privacy features, or the lack thereof in a recent post on X. Snowden’s latest comments emerge in the wake of a significant announcement by the Wasabi Wallet team concerning their decision to discontinue their coinjoin coordination service, a cornerstone for enhancing user privacy
Ripple has filed a new court document supporting its motion to strike new evidence in its long-running legal battle against the Securities and Exchange Commission (SEC). The crypto firm filed the initial motion on April 22, seeking to strike Andrea Fox, an accountant at the Commission, as one of the claimant’s witnesses. Ripple Makes A
The implosion of cryptocurrency giant FTX continues to cast a long shadow, with the latest twist involving a Bahamas mansion and a plea deal. Ryan Salame, the former co-CEO of FTX Digital Markets, a subsidiary of the now-bankrupt exchange, has agreed to forfeit his luxury home on the Caribbean island as part of a criminal
In the ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC), pro-XRP community lawyers have offered a pessimistic outlook for Ripple’s latest court motion. Attorney Jeremy Hogan, known for his vocal support of Ripple in the crypto community, expressed via X (formerly Twitter) that he anticipates a loss for Ripple
The luster appears to have faded from Bitcoin’s crown. After a stellar run culminating in a record-breaking price in late March, the world’s leading cryptocurrency has experienced a sharp correction, plunging investor sentiment into the abyss. This sudden shift can be attributed to a confluence of factors, with the “Fear and Greed Index” playing a
Jack Dorsey’s financial services and digital payments company, Block Inc., announced it will begin investing 10% of its monthly Bitcoin-related gross profits into BTC purchases. This announcement was made following the release of Block’s first-quarter earnings for 2024, which demonstrated substantial profits from its Bitcoin operations. Dorsey’s Block Will DCA Into Bitcoin Block reported Bitcoin-related
Social media, once a platform for cat videos and vacation photos, is undergoing a potential revolution with the rise of SocialFi. This burgeoning trend promises to merge the familiar world of social networking with the decentralized power of cryptocurrency. But is SocialFi destined to be the next big thing, or just another flash in the
Over the last couple of years, the US government has tried to tighten its grip on different sectors of the crypto industry. As a result, these efforts have received significant backlash from politicians and central figures within the crypto space. This week, another crackdown on the crypto industry occurred after Arkansas lawmakers approved two bills
In a significant development, MoonPay, a crypto payment platform, has announced that users in the United States can now easily buy and sell over 110 cryptocurrencies using PayPal. The integration, unveiled Thursday, simplifies transactions for new MoonPay users who already have a PayPal account and regularly use it for online transactions. Users can fund their
In recent evaluations by JPMorgan analysts, cryptocurrencies’ future appears to be uncertain. Despite the sector’s rapid expansion and increasing mainstream acceptance, the financial giant advises a cautious approach in the short term. This conservative stance stems from “diminishing retail interest” and a “scarcity of positive market catalysts.” Related Reading: Crypto Witch-Hunt: Experts Criticize DOJ For
United States Attorney Damian Williams and FBI Assistant Director James Smith announced the unsealing of an indictment charging Idin Dalpour with wire fraud concerning a multi-year crypto Ponzi scheme that defrauded investors of at least $43 million. Wire Fraud Indictment Unveils $43M Ponzi Scheme The indictment alleges that from approximately 2020 to April 2024, Dalpour
Dogecoin suffered a significant crash in the bloodbath that rocked the crypto market earlier this week, notching double-digit losses in the process. This has sent its support lower, and $0.112-$0.123 is now the level to hold for the meme coin. But what if it falls below this support? Dogecoin Must Hold Support At $0.112-$0.123 Crypto
As Bitcoin drops, liquidating leveraged long bets along the way, one analyst, in a post on X, thinks this might be a prime opportunity to accumulate, citing historical patterns of pullbacks followed by impressive recoveries. Time To Load The Bitcoin Dip? The analyst shared a chart indicating that Bitcoin is within historical retracement ranges. Whenever this happens,
According to an NBC report, federal prosecutors have initiated an investigation into Block, the financial technology company founded by Twitter co-founder Jack Dorsey, following allegations of compliance failures and links to terrorist networks through alleged crypto transactions. Notably, a former employee of Block has provided documents to the Southern District of New York, revealing compliance