Crypto news

Crypto fanatics eager for a market-shattering Ethereum spot ETF launch may be in for an underwhelming surprise, according to Bloomberg ETF analyst Eric Balchunas. While the recent launch of multiple Bitcoin spot ETFs in the United States has proven phenomenally successful, Balchunas claims a follow-up launch for Ethereum would be “small potatoes” compared to the original. Do Ethereum ETFs Matter? In a post to X on Saturday, Balchunas wrote: “No offense to the ETH people but...

Friend.tech, a Web3 social platform, has revealed that its investors have unanimously decided to waive their rights to sell tokens to users, granting them full control over the funds. The decentralized social media protocol garnered significant attention last year but has recently experienced a decline. Friend.tech Is Looking for a Comeback Friend.tech users have been speculating about a potential comeback, fueled by anticipation of an upcoming airdrop amidst criticism and...

The official liquidator of FTX has instructed creditors to file electronic claims by May 15, 2024. The claims portal managed by PricewaterhouseCoopers (PwC) anticipates commencing its initial distribution either in late 2024 or early 2025, with all valid claims being expressed in U.S. dollars. PwC Announces Chapter 11 Settlement for FTX and Debtors In a statement, PricewaterhouseCoopers (PwC), the official liquidator overseeing FTX’s bankruptcy proceedings, disclosed that FTX...

At the beginning of last spring, the Wall Street Journal published an investigative article on Tether, Bitfinex, and related companies. The majority stake of both Tether and the Bitfinex exchange is owned by iFinex, a corporation established in the Virgin Islands. Controversial Article At the time, the Wall Street Journal claimed that the two companies, along with a slew of smaller shell firms related to the crypto businesses and their executives, employed shady methods in...

TL;DR Binance adds new trading pairs, offering more diversity for users. The company has announced multiple updates as of late in response to market trends. The world’s leading cryptocurrency exchange will increase the number of trading pairs offered on Binance Spot. The ones available for users from March 5 include PEPE/FDUSD, UNI/FDUSD, OM/TRY, PIXEL/USDC, STRK/USDC, and THETA/TRY. Some of the involved cryptocurrencies like Pepe Coin (PEPE) and Mantra (OM) are well in the...

Tether (USDT), the largest stablecoin by market capitalization, continues its growth by reaching a new milestone of $100 billion. Data from CoinGecko shows that the stablecoin recorded a market cap of $100.24 billion on Monday at 9:15 UTC before returning to levels below $99.7 billion. USDT Hits $100B Market Cap Tether’s new all-time high comes just two months after the digital asset surpassed the $90 billion mark. CryptoPotato reported in December that the surge past $90...

[unable to retrieve full-text content]CoinspeakerHungary Proposes New Bill to Allow Banks to Provide Crypto Services Hungary's move to embrace cryptocurrencies comes at a time when the global crypto market is making a comeback after a year-long market crisis. Hungary Proposes New Bill to Allow Banks to Provide Crypto Services

[unable to retrieve full-text content]CoinspeakerFormer Binance Executives Unveil New Crypto Platform Blum Despite the challenges facing the crypto industry, Kostarev and Smerkis remain undeterred in their pursuit of establishing Blum as a dominant player in the market. Former Binance Executives Unveil New Crypto Platform Blum

Bitcoin (BTC) just hit a new all-time high (ATH) against the euro (EUR) and the British pound (GBP) following its ascent to the $65,000 price mark. Data from TradingView shows that BTC neared 61,000 EUR on Monday morning for the first time in history as the asset rallied 7% in the past 24 hours. BTC Records New ATH in EUR The last time Bitcoin came close to its new ATH in EUR and GBP was in October 2021, during the previous bull cycle. The leading digital asset touched 53,075...

Ethereum is approaching its all-time high aggressively, with the price on an almost vertical rise. Yet, based on both technical and sentiment analysis, a correction in the short term is looking probable. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has been blowing past several resistance levels since rebounding from the $2,200 level at the beginning of February. The market is currently testing the $3,500 resistance level and is yet to break...