Crypto news

Following the Securities and Exchange Commission’s (SEC) approval of the first eleven spot Bitcoin Exchange Traded Funds (ETFs) in the United States last month, Australian retail interest in Bitcoin has experienced a surge. The development has grabbed Australian investors’ attention, with 34% acknowledging awareness of the news. This has increased confidence in Bitcoin, with 25% of locals holding a more positive view following the ETF approval. Increased Ownership and...

TL;DR One forecast suggests a 51% rise in Shiba Inu price in the near future. SHIB’s aggressive token burning, the advancement of Shibarium, and other factors can positively impact the asset’s value. SHIB’s Chances of Price Ascent Shiba Inu’s valuation has been underperforming lately, falling by 4.5% on a weekly scale (per CoinGecko’s data). Despite standing far from its all-time high levels (registered in 2021), the asset remains an intriguing topic and is often a subject...

StarkWare, a blockchain firm developing layer 2 scalability protocol Starknet, announced that it is changing the token release structure set for STRK. The move comes after concerns from the community that the initial plan might enable the network’s investors to dump their holdings onto retail Starknet users. StarkWare Releases New Token Release Structure Initially, StarkWare intended to unlock 1.3 billion STRK coins for investors and early contributors on April 15, following...

Major cryptocurrency exchange Kraken is seeking to dismiss the lawsuit filed by the US Securities and Exchange Commission (SEC), arguing that the Commission was overstepping the boundaries of its regulatory authority. The SEC sued Kraken in November 2023, alleging that the crypto exchange co-mingled customer funds and listed assets deemed as securities on its platform. Kraken Fights Back Kraken filed a motion on Feb. 22, 2024, in the U.S. District Court Northern District of...

Donald Trump, former United States President and candidate in the upcoming elections, has taken a u-turn on his stance against Bitcoin, stating that he can live with it. During an interview with Fox News, the billionaire acknowledged that BTC, the leading digital currency, is getting a lot of attention and taking a life of its own, stating the need for some regulation around the asset. Living With Bitcoin Trump said he had seen some interesting incidents surrounding BTC, like...

Bitcoin might seem to have encountered a hurdle after reaching $52,000, but the recent downturn is expected to be short-lived. Matrixport’s latest report suggests that Bitcoin’s target of reaching $63,000 by March 2024 remains feasible. Catalysts supporting this projection include the approval of a Bitcoin spot ETF, the upcoming Bitcoin halving, expectations of an interest rate cut following the Federal Reserve’s FOMC meeting, and the US presidential election. Fueling...

This week saw quite a bit of action, which ultimately failed to result in any substantial gains or losses in the total cryptocurrency market capitalization. The figure stands at $2.057 trillion, according to CoinGecko – up ever so slightly compared to this day last week. Bitcoin’s price charted a decline of 2.8% in the past seven days, as the bulls were unable to remain above the important technical level at $52K. And it wasn’t for the lack of trying. In fact, BTC was trading...

TL;DR UNI surged 50% following a proposal for a fee reward mechanism for token holders. This rise contrasts with the broader market’s consolidation. UNI – the native token of Uniswap Protocol – skyrocketed by over 50% in minutes, reaching a nearly two-year high of approximately $11. UNI Price, Source: CoinGeckoThe increase happened shortly after the Uniswap Foundation (UF) proposed the creation of a fee mechanism that rewards UNI holders who have staked and delegated their...

[PRESS RELEASE – Dubai, United Arab Emirates, February 23rd, 2024] Flare’s earliest investors, including Hong Kong and US-based Kenetic, New York-based Aves Lair, and others, have doubled down on the leading Blockchain for Data by extending token vesting, limiting token sales, and committing significant new capital to investing across the Flare ecosystem. This landmark agreement between investors and Flare leadership signals a renewed partnership and extended commitment by...

A US judge has authorized FTX to offload its ownership in Anthropic, an AI startup potentially. The decision came after the failed exchange settled a dispute with a faction of its customers who objected to the sale. Court records show FTX’s intent to sell these shares as part of its supervised asset liquidation to reimburse customers affected by its 2022 downfall. Anthropic Stake Sale Approved FTX and its affiliated company, Alameda, injected $500 million into Anthropic in...