The week begins on a strong note for Bitcoin investors as US Bitcoin ETFs registered net outflows of $217 million on Monday, May 6. This happened as all the top three Wall Street indices ended up in the green amid the rising expectations of Fed rate cuts very soon. Fidelity Leads the Bitcoin ETF Inflows […]
XRP Price Is Up — So Why Is Open Interest Still Falling?
XRP price suffered a huge 30% plunge from its Q4 high of $0.7, but it seems to be turning the corner. Investors were nervous when XRP fell below $0.5, a crucial support level. It looked like it could crash any moment bringing lower levels such as $0.38 within reach. Now that XRP has bounced back […]
Just-In: QCP Capital Expands To Abu Dhabi With Initial Regulatory Approval
QCP Capital, a prominent player in the crypto options trading realm, has secured initial approval to establish operations in Abu Dhabi. This marks another significant expansion for crypto firms in the Middle East. Nonetheless, the firm is still striving to secure complete approval in the region. QCP Bags Regulatory Nod In Abu Dhabi The Financial […]
Crypto Scam: Hackers Drain $55 Mln Targeting Dymension (DYM), OpenSea, & Others
Cryptocurrency investors are facing a new wave of threats as scammers target popular projects like Dymension (DYM), OpenSea, and more. According to a recent report by Web3 security firm Scam Sniffer, phishing attacks have surged, resulting in the loss of over $55 million in January alone. These crypto scams, often tied to airdrops and project […]
Congressman Blasts US SEC, Gensler for Violations & SAB 121 Rule
Tom Emmer, the House of Republicans’ majority whip, has slammed Gary Gensler, the Chairman of the Securities and Exchange Commission (SEC), for his stewardship of Staff Accounting Bulletin (SAB) 121. Emmer contends that Gensler’s methodology opposes the SEC’s primary purpose—to protect investors, promote capital formation, and sustain fair, orderly, and efficient markets. This accusation arises from […]
Spot Bitcoin ETFs and Crypto Stocks Rally as BTC Price Breaks $47000
All spot Bitcoin exchange-traded funds (ETFs) and crypto-related stocks opened higher after recording massive rise in pre-market hours on Friday as BTC price breaks above $47,000. Experts think it’s because investors, including whales, are moving money back into the crypto market. Massive Pre-Market Trading in Crypto Stocks and Spot Bitcoin ETF Stocks such as Coinbase […]
Congresswoman Ann Wagner Introduces Bills to Reform SEC Rulemaking
Rep. Ann Wagner (R-MO), Chair of the Financial Services Subcommittee on Capital Markets, has introduced three bills that would reform the Securities and Exchange Commission’s (SEC) rulemaking process and increase the Commission’s accountability. Wagner pointed out that these bills will deal with some of the long-term issues concerning the practices of the SEC, making the […]
Experts Forecast Ethereum Price Surge to $19,190 by 2030
A recently published report by Finder conducted in January 2024 and shared with Coingape features the combined opinions of 40 crypto industry experts on the price projections for Ethereum (ETH) up to 2030. This survey, being a notable move to assess the growth potential of Ethereum, has delivered a common idea that there is a […]
Here’s How FTX Will Use Surplus Cash to Repay Bankruptcy Victims
As per the latest reports, bankrupt crypto exchange FTX has amassed several billion dollars more than it needs to repay its customers after the FTX collapse back in November 2022. FTX To Use Extra Cash to Repay Its 2 Million Customers In a filing submitted on Tuesday, restructuring advisors outlined additional information regarding their plan […]
Bonk Price Soars 30%, Here’s Why Rally Could End Soon
Solana meme coin Bonk (BONK) price rallied more than 30% in the last two days, backed by a robust increase in trading volumes amid the broader crypto market recovery that saw Bitcoin briefly surpassing the $48,000 level. Why Bonk Price Rally May End Soon Bonk price has been moving range-bound along with profit booking in […]