Crypto news

Grayscale Investments, a prominent cryptocurrency asset manager, is making significant strides in its quest to convert its Grayscale Bitcoin Trust (GBTC) into a spot bitcoin exchange-traded fund (ETF). The company recently held a crucial meeting with the Securities and Exchange Commission (SEC) to discuss potential listing matters related to the shares of the product. Grayscale Meets with SEC to Discuss Listing Matters According to a memo published by the SEC, Grayscale...

The former president of the New York Stock Exchange (NYSE) is bullish on a Bitcoin ETF, claiming that money will “flood into the industry” when such a product is approved in the United States. Now serving as CEO of crypto trading platform Bullish, Tom Farley argued on Tuesday that Bitcoin is a legitimate “store of value,” despite its volatility. Getting A Bitcoin ETF Approved In an interview with CNBC, Farley highlighted how Bitcoin is the only crypto asset universally...

Richard Teng, the new CEO of the world’s largest cryptocurrency exchange, Binance, is no stranger to the world of finance. His ascent into the new position substantiates rumors that made the rounds earlier this year about him being the right fit for the job amid Binance’s regulatory woes. According to a company blog post, Teng joined the exchange in August 2021 as the CEO of Binance Singapore, with over three decades of experience in finance and the regulatory space. Facts...

Technical Analysis By GreatestTrader Ethereum’s recent forceful upswing encountered resistance upon reaching a critical price region, encompassing the $2K threshold and the upper boundary of an ascending wedge. This resulted in a phase of consolidation correction, retracing towards the 100 and 200-day Moving Averages (MAs). A comprehensive analysis of the daily chart exposes a notable presence of supply in the crucial $2K region, coinciding with the upper boundary of the...

Technical Analysis By TradingRage Ripple’s price has been trending down over the past couple of weeks as it failed to sustain its bullish momentum. At the moment, the market is in a critical area against both the USDT and BTC. The USDT Paired Chart On the USDT paired chart, the price has been on the decline recently and is currently testing the $0.6 support level. In case this level breaks down, the 200-day moving average located around the $0.55 mark would be the next...

The announcement of KPMG Canada’s partnership with Chainalysis coincides with broader industry efforts to tackle fraud associated with crypto. The KPMG Canada has announced a strategic partnership with blockchain analytics firm Chainalysis in response to the escalating threats of exploits and fraud within the crypto sector. Kunal Bhasin, Partner and Cryptoassets and Blockchain Co-leader at KPMG Canada, emphasized that “this collaboration will help to further solidify KPMG’s expertise in...

The volume of Bitcoin supply in profit has reached the levels last seen two years ago as the market came off its November 2021 all-time high, according to Glassnode. In its ‘Week on Chain’ report released this week, the analytics provider added that the magnitude of unrealized profit held within these coins remains modest. The percentage of Bitcoin’s circulating supply currently held in profit reached 83.6% or 16.36 million BTC during last week’s rally. Moreover, this is...

With this acquisition, CoinGecko plans to integrate Zash’s NFT data into its Application Programming Interface (API) by the second quarter of next year. CoinGecko, a major cryptocurrency data tracking company, has acquired Zash, an on-chain data analytics firm that provides information on non-fungible tokens (NFTs) metadata across various platforms. According to an announcement on November 22, the acquisition aligns with CoinGecko’s vision to become a central hub for cryptocurrency-related...

Creditors will start receiving cash repayments from the Mt. Gox Trustee this year. These repayments are specified to be cash and may not include crypto. The defunct Japanese crypto exchange Mt. Gox is set to begin creditor repayments this year, about a decade after its collapse. Creditors of the exchange received an email on Wednesday where rehabilitation trustee Nobuaki Kobayashi stated that all persons whose repayment applications were approved would start receiving cash payments. The...

Along with its collaborative commitment to encouraging creativity and engaging fans, Binance, in partnership with Gasly, offered users and fans the exclusive Pierre Gasly Experience. Binance, the leading global blockchain ecosystem announced the triumphant design for the helmet of BWT Alpine F1 Team driver Pierre Gasly at the upcoming Abu Dhabi Grand Prix on November 26, 2023. The design competition, open to Binance users and F1 enthusiasts worldwide, encouraged participants to showcase...