While the Bitcoin price has been consolidating largely post the ETF approval, Ethereum has been making strong moves upside, thereby closing the gap with BTC. At press time, the Ethereum price is trading 1.44% up at a price of $2,564 with a market cap of $308 billion. The Ethereum Price Dominance According to insights provided […]
Just In: Bitcoin ETF Market to Expand with ProShares’ New Leveraged, Inverse Offerings
The Bitcoin ETF market is about to get more diverse as ProShares has made a series of new filings. Bloomberg’s ETF analyst Henry Jim shares that five new Bitcoin ETFs are in the pipeline, offering both leveraged and inverse options based on the daily performance of the Bloomberg Galaxy Bitcoin Index. ProShares Bitcoin ETFs will cater to […]
Breaking: IRS Postpones New Crypto Reporting Rules, Easing Immediate Burden
In a temporary relief to businesses dealing with crypto, the U.S. Treasury Department and the Internal Revenue Service (IRS) have announced a delay in the enforcement of new reporting requirements for digital asset transactions. This postponement comes as the agencies work on implementing regulations following changes introduced by the Infrastructure Investment and Jobs Act. Temporary pause to earlier guideline […]
Do Kwon’s Extradition Requests Lead to March Trial in SEC’s Case
The U.S. Securities and Exchange Commission’s (SEC) case against Terraform Labs and its co-founder, Do Kwon, has been postponed, Reuters reported on Tuesday. The news comes days after a federal judge refused multiple motions to reconsider earlier orders. The delay of the civil trial will allow the authorities to extradite Kwon from Montenegro. The trial […]
Multichain CEO’s Telegram Return Fuels Speculation Months After Arrest
Zhaojun He, the co-founder and CEO of Multichain, a cross-chain bridging protocol, has recently shown signs of activity on Telegram. This development comes after a prolonged period of inactivity following his detention by Chinese authorities in May 2023. As of January 16, 2024, Zhaojun’s Telegram profile indicated he was “last seen recently,” a change from […]
Bloomberg Analyst Says Backlash for Vanguard “Highly Unlikely” To Dent the Firms Inflows
Vanguard’s decision to not allow the trade of Bitcoin ETFs on its platform had kept the entire crypto community on its toes. However, Bloomberg analyst believes that the current backlash won’t make any difference in the company’s inflow of funds. Vanguard marks heavy fund inflows According to Bloomberg analyst Eric Balchunas, Vanguard ETFs have bought […]
Dormant Bitcoin (BTC) Addresses Spring to Life With a Twist
Bitcoin addresses that have been dormant since 2019 are now making their comebacks with gigantic transactions spotted on-chain. Bitcoin Addresses Awakening and the Odd Trend The Bitcoin addresses that sprung to life were spotted by crypto intelligence and analytics provider Arkham Intelligence and per the data, a total of $2 billion has been moved with […]
Shiba Inu Price Prediction As $SHIB Edge Close to 20% Breakout Rally
Shiba Inu Price Prediction: Amid the current correction sentiment in the broader market, the second largest memecoin Shiba Inu (SHIB) witnessed a notable correction from the $0.00001191 resistance initiated in mid-December. Within a month, the coin price tumbled 19% to currently trade at $0.00000986 wavering close to the 50% FIB level. A Healthy retracement as […]
Shiba Inu Lead Developer Unveils Early Access to SHIB Name Service
Shiba Inu’s lead developer Shytoshi Kusama has revealed that registrations for SHIB Name Service are live ahead of the official launch of the offering. The introduction of SHIB Name Service marks a significant milestone in simplifying the user experience within the decentralized space. This innovation will free users from the challenges they face in dealing […]
WEMADE Adds ‘Crystals of Naramunz’ to Blockchain Gaming Lineup
The rise in the use of blockchain technology has opened doors for a plethora of development for online games. Cashing this rise, South Korea-based WEMADE on Tuesday taped on Crypto Rogue Games for the development of its new product. WEMADE taps on European developer for launch of new game Game developer WEMADE today signed a […]