Buyers of FTX creditors claim face a hurdle in converting their holding to dollars in the long run. At the same time, there is a possibility that it could turn many into millionaires if it pulls through. FTX Claims’ Worth Jumps to 118% Higher According to an updated repayment plan filing from the company, FTX […]
Crypto.com Applies For Hong Kong License Amid Tighter Regulatory Crackdown
In a bid to secure a presence in Asia’s thriving crypto market, the U.S.-based crypto exchange Crypto.com has formally applied for a license from the Hong Kong Securities and Futures Commission (SFC). With Hong Kong bracing for tighter regulations in the crypto domain, Crypto.com is gearing up for tough regulatory compliance. Crypto.com Applies For Hong […]
Long-Term Holders Not Selling Bitcoin Following Peak At $73K
Bitcoin price has been on a downtrend for 2 months and failed to hold upside momentum, with bulls turning weak. Bitcoin on-chain data reveals long-term holders (LTH) are currently not selling following a peak at Bitcoin all-time high. Long-Term Bitcoin Holders Remain Bullish CryptoQuant verified on-chain analyst Axel Adler Jr in a post on X […]
SEC’s Approval of Bitcoin ETFs Not a Nod to Ethereum, Says Gensler
In a recent interview with CNBC, Securities and Exchange Commission (SEC) Chairman Gary Gensler stated plainly that the recent decision of the regulator to approve spot Bitcoin Exchange Traded Funds (ETFs) does not mean that a similar fate is expected for Ethereum-based products. This clarification comes in the wake of speculation and optimism within the […]
AI News: 5 Potential Updates OpenAI May Announce This Week
The building anticipation in the artificial intelligence (AI) space among enthusiasts will come to a climax as OpenAI unveils its incoming updates. Speculation and predictions have been circulating among users, eager to catch a glimpse and explore what is in store. OpenAI, spearheaded by Sam Altman, is set to release the latest update to ChatGPT, […]
World Bank Classifies XRP As Stablecoin, Says Ex-Ripple Director
Ripple’s XRP is in the news again for the stablecoin frenzy surrounding XRP Ledger (XRPL) for several years now. Sean McBride, a former director at Ripple, engaged in a discussion sparked by a tweet from a prominent Ripple supporter known as Wrath of Kahneman. The tweets revolved around the potential issuance of a stablecoin by […]
What’s Happening With Ethereum Price Today: May 13, 2024?
Ethereum price has gone through a rollercoaster in the last few weeks as the price has witnessed multiple ups and downs. The second biggest cryptocurrency, Ethereum, has declined more than 11% in a month, 9.31% in a week, and almost 2% drop in the last 24 hours. So, what’s happening with the Ethereum price? Will […]
JPMorgan Upgrades Coinbase as Bitcoin Surges
Coinbase (NASDAQ: COIN) received an upgrade from JPMorgan, shifting its status from Underweight to Neutral. This adjustment in rating was accompanied by an announcement from analyst Kenneth Worthington, who has decided to maintain the stock’s price target at $80. The rationale behind this upgrade stems from the significant surge observed in Bitcoin’s price. As Bitcoin […]
Cardano Price Prediction: Death Crossover Among Key EMAs Points to Fall Below $0.4
Cardano Price Prediction: ADA, the native cryptocurrency of the Cardano ecosystem, has found suitable support at $0.426 in the daily time frame. The coin price rebounded several from this support within a month hints the buyers are actively defending this level which can develop a local bottom. However, the broader market is still uncertain, and […]
EigenLayer Secures $100M Investment via Andreessen Horowitz Venture Firm
EigenLayer, a prominent player in the blockchain industry, has recently secured a substantial $100 million investment from the renowned venture firm Andreessen Horowitz. This investment marks a significant milestone for EigenLayer and underscores the continued interest and confidence in blockchain technology despite recent market challenges. Founded by Sreeram Kannan, a former associate professor at the […]