Crypto news

The world’s leading cryptographic currency is trading over 40% higher than its average price on the eve of the November 5th US elections. Analysts agree that this is owing in large part to the promises of the Trump campaign and its allies to ensure that the federal government is fair to the innovative new Internet industry. But it’s also a repeat of a historic pattern in Bitcoin’s 4-year market supply cycle. Ark Invest’s Cathie Wood recently doubled down on her 2030 price...

Several base-layer blockchain cryptocurrencies that compete with Ethereum—because they are optimized for smart contracts and open-source currency issuance—rallied further up their price charts than ETH during the US election rally. Even Bitcoin gains beat Ether’s on this turn of the markets. For the 30 days ending Friday, Nov. 22, Bitcoin’s price gained 47%. Meanwhile, Sui Coin (SUI) jumped by 74%, Solana by 56%, and Polkdadot (DOT) rose by 44%, according to data compiled by...

Bitcoin’s inability to overcome the coveted $100,000 milestone on Friday and Saturday has resulted in a minor price decline to around $98,000 as of now. Several altcoins, such as XRP and DOGE, have plummeted as well in the past day, but others, like TON, DOT, and XLM, have charted double-digit surges. BTC Calms to $98K BTC traded at around $90,000 at the start of the business week but quickly started to gain traction and exploded above the previous all-time high of $93,800 by...

The US-based spot Bitcoin ETFs enjoyed a highly positive week, with every trading day ending with net inflows of millions and even billions of dollars. In stark contrast, the Ethereum counterparties ended the same five-day trading period deep in red territory. Over $3B Enter BTC ETFs Weekly It has been nothing short of a spectacular run for BTC’s price as well as the inflows in the spot Bitcoin ETFs in the US after Donald Trump’s decisive victory in the 2024 presidential...

Asset manager Charles Schwab could enter the crypto exchange-traded fund (ETF) market following comments made by incoming CEO Rick Wurster. Wurster told Bloomberg that the company would offer spot digital currency trading if the U.S. regulatory environment changed. Regulatory Environment Will Change Eventually In a November 21 interview, the financial services company’s incoming head said it could make a strategic shift and enter the spot crypto ETF market in anticipation of...

FTX Trading Ltd and its affiliated debtors have announced that they are nearing the completion of key steps to implement their court-approved Chapter 11 reorganization plan. Once finalized, the plan will allow the company to distribute up to $16.5 billion in recovered funds to creditors and customers. Distribution Timeline In a November 21 press release, John J. Ray III, Chief Executive Officer and Chief Restructuring Officer of FTX Debtors expressed satisfaction with the...

One of the most popular individuals in the crypto world (and not for good reasons), Ruja Ignatova, also known as the “Cryptoqueen,” is the founder of the fraudulent scheme OneCoin, which embezzled over $4 billion from victims. Ignatova is considered the mastermind of the scam, but her whereabouts have remained unknown since she was last spotted in Greece in 2017. Many conspiracy theories indicate that she might be dead or hiding on a luxurious yacht in the Mediterranean Sea....

Nick Neuman, the CEO of Bitcoin storage solutions provider Casa, recently shared an encounter with a phishing scammer impersonating Coinbase support to steal from high-value cryptocurrency holders. In a November 20 post on X, Neuman described how he played along during a call to uncover the depth of the scheme. Preying on Wealthy Crypto Holders The recorded conversation started as a seemingly ordinary phone call with the con artist posing as a Coinbase support agent. He...

Bitcoin (BTC) has been flirting with the $100,000 mark over the last 48 hours as optimism for a higher rally engulfs the market. As a result, investors have become very greedy. Data from the Crypto Fear and Greed Index, which tracks investor sentiment across the market, indicates that participants are in an extremely greedy phase. This is evident in the index figure rising above 90 to hit 94 for the first time in three years. Investors Become Extremely Greedy The fear and...

The crypto community mourns on X as the 2024 bull market seems to be over. No, this is not a drill, Jim Cramer said on national TV that bitcoin is a winner and he advised people to own BTC. If this isn’t a clear bear signal, we don’t know what is. Bitcoin Is a ‘Winner’ The host of CNBC’s Mad Money has frequently outlined somewhat controversial viewpoints and advice in his show. His success rate, at least when it comes down to crypto, has been… mixed. Actually, he has changed...