Bitcoin has experienced a nearly 20% decline since the introduction of the first exchange-traded funds (ETFs) directly investing in the token on January 11. On the day the ETFs, offered by entities like BlackRock Inc. and Fidelity Investments, were launched, the digital asset surged to $49,021. However, earlier today, Bitcoin was trading at $39,718, marking […]

In a bold stance against proposed regulations, Coinbase’s Chief Legal Officer (CLO), Paul Grewal, has criticized the U.S. Treasury’s recent rule on crypto mixing. Meanwhile, the company supports effective regulations but raises concerns about the potential burden of bulk data collection and reporting requirements. This move has ignited a debate on the efficiency of such […]

Beleaguered crypto exchange Mt. Gox could start repayments in Bitcoin to some creditors soon, as per sources on Reddit. While Mt. Gox delayed repayments by another year to October 2024, some creditors who had already provided the required details are expected to receive BTC repayment through the next two months. Mt. Gox Bitcoin Repayment Creditors […]

Blockchain and lending startup Figure Technologies Inc., led by former SoFi Technologies Inc. CEO Mike Cagney, is aiming for approval from the U.S. SEC to launch interest-bearing stablecoins. Figure Introduces Interest-Bearing Stablecoins This unconventional move seeks to establish a new category of stablecoins with federal legitimacy. If successful, Figure will introduce the first stablecoin regulated […]

Shiba Inu, one of the most prominent meme coins functioning atop the Ethereum blockchain, echoed a sense of frenzy across the broader crypto market on Tuesday, following a significant surge in burn activity recorded. On-chain data spotlighted by Shibburn showcased a whopping 459% surge in the SHIB burn rate, nabbing substantial attention globally. Moreover, this […]

Bankrupt crypto lender Celsius Networks has been moving a very large number of its Ethereum holdings to exchanges in recent days. This unstaking of ETH and moving it to exchanges comes as part of its recovery plans amid the ongoing bankruptcy process. Celsius Moves $35 Million Worth of Ethereum In the latest insights from on-chain […]

Ripple’s XRP is in the red currently and has extended lower than the $0.53 mark. It seems like XRP’s declines wouldn’t come to a stop, however, analyst predictions suggest otherwise. A popular analyst has predicted that the XRP price is poised to rebound in the short term though it has lost over 14% in the […]

Today’s crypto market prices showed a mix of performances, with leading cryptocurrencies facing selling pressure from investors. However, recent market trends suggest a shift in investor focus toward smaller altcoins, contributing to the overall positive outlook for the crypto segment. Crypto prices have been experiencing extreme volatility today. This comes after the enthusiasm around Bitcoin […]

The price of Polygon Matic is dropping continuously at an unprecedented rate as of January third week, 2024. It is currently trading at $0.757 and has dropped by nearly 2% in the last 24 hours, as of January 23, 2024. As the new POL token came into existence, replacing the already existing MATIC token, it […]

Bitcoin has showcased sluggish price action after the approval of the first set of spot Bitcoin ETFs this month. On Monday, BTC slipped below the crucial level of $40,000 after losing 5% of its value in a day. While some criticism mounts against the SEC’s decision to approve the ETPs, opponents also get a chance to […]