Crypto news

CoinspeakerCrypto Firm Bakkt Reportedly Runs Low on Cash According to Bakkt, all hope is not lost though. The firm has put forward a new plan that it believes will set it right back on the path to success. Crypto Firm Bakkt Reportedly Runs Low on Cash

EOS price is eyeing a fresh increase from the $0.678 support against the US Dollar. The price is now trading above $0.700 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $0.700 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to rise if it clears the $0.730 and $0.736 resistance levels. EOS price is recovering above $0.700 against the US Dollar, like...

Litecoin is gaining pace above the $67.00 resistance against the US Dollar. LTC price is now trading above $68.00 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support at $67.80 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could gain bullish momentum if it clears the $69.00 and $70.00 resistance levels. Litecoin price is recovering from the $63.20 zone against the US Dollar, like Bitcoin....

Self-proclaimed Bitcoin inventor Craig Wright grew flustered during cross-examination on Wednesday as prosecutors mounted evidence disputing his identity as Satoshi Nakamoto. The computer scientist stands accused of forging multiple documents to give credence to his “false narrative” which expert witnesses – including his own – have now agreed were likely tampered with. Craig Wright Smears His Own Experts Wright began the day bemoaning the incompetencies of the experts who...

The United States Securities and Exchange Commission (SEC) has again delayed its decision on whether to approve or not a joint spot Ethereum exchange-traded fund (ETF) proposed by Invesco and Galaxy Digital. This marks the second postponement after a similar delay in December and aligns with the SEC’s recent trend of pushing back deadlines for Ethereum ETF proposals. SEC to Institute Proceedings According to a Tuesday filing, the SEC indicated that it was “instituting...

[PRESS RELEASE – Dubai, United Arab Emirates, February 7th, 2024] On April 15-16, the international forum Blockchain Life 2024 will bring together more than 8,000 crypto leaders and thousands of international companies at the main event of the year in Dubai. Official Trailer 2024: For those interested in attending, tickets are available at: https://blockchain-life.com What to expect: Premium community of crypto whales and industry leaders More than 160...

On Feb. 6, House Financial Services and Agriculture Committee leaders sent a letter to Treasury Secretary Janet Yellen regarding the lack of regulation in the spot market for digital assets that are not securities. The letter was sent from Patrick McHenry, Glenn Thompson, French Hill, and Dusty Johnson, all chairmen of various House committees. They requested that Janet Yellen, in her capacity as Chair of the Financial Stability Oversight Council (FSOC), provide answers to...

A settlement between defunct crypto lending company BlockFi and the collapsed hedge fund Three Arrows Capital (3AC) was approved by a US bankruptcy court on February 7. The specific terms of the settlement, though, remain confidential. According to the official document, the approval effectively resolved any counterclaims between the parties. Judge Kaplan of the New Jersey Bankruptcy Court, in the Tuesday hearing, expressed that it doesn’t make sense to demand disclosure of...

Authorities in South Korea are looking to investigate major cryptocurrency exchange OKX over complaints of the platform’s improper registration in the country. According to a report by News1 Media, South Korea’s Financial Intelligence Unit (FIU) received complaints from the country’s Digital Asset Exchange Association (DAXA). OKX Under Regulatory Probe DAXA, an alliance of South Korea’s five major crypto trading platforms, including Upbit, Bithumb, Coinone, Korbit, and Gopax,...

[PRESS RELEASE – Los Angeles, California, February 7th, 2024] Key Takeaways Focus, the revolutionary new decentralized SocialFi app, raised $75 million in one week Focus rivals subscription platforms like OnlyFans and Patreon, a multi-billion-dollar industry Users can reserve with DESO, BTC, ETH, and more to earn a 90% bonus in $FOCUS tokens for a limited time Focus, a new decentralized SocialFi app built on the DeSo blockchain, has made waves in the crypto industry by...