Crypto news

TL;DR US attorney John E Deaton noticed a potential shift in the SEC’s stance towards the cryptocurrency industry, especially after not leveraging the recent fake BTC ETF news to criticize the sector. Previously, SEC’s Chairman Gary Gensler frequently associated crypto with negative activities. Deaton suggests Gensler’s behavior may be influenced by major institutions’ opinions. Despite a rumor that the SEC approved BlackRock’s BTC ETF application causing a price surge, the...

Investment management giant BlackRock filed an amended version of its spot Bitcoin ETF S-1 application form on Wednesday, following numerous updated filings from rival firms. The updated filing includes five additional pages of text warning of additional risks the fund’s investors may face, including risks related to Bitcoin itself. Bitcoin Lacks Transparency, Says BlackRock In the filing dated October 18, BlackRock modified a risk disclosure related to how its share prices...

TL;DR Financial expert Linda Jones suggests XRP could be a lucrative investment due to its volatility and potential for future price increases, with Wall Street firms showing interest in its futures contracts. While some crypto analysts have given lofty predictions for XRP’s future value (e.g., $27 or even $500), these figures require XRP’s market cap to reach unprecedented levels. Speculation around Ripple potentially filing for an IPO could significantly impact XRP’s value,...

TL;DR BitMEX is delisting ten perpetual swap contracts, including FLOKI/USD and FLOKI/USDT, due to “insufficient trading interest.” Despite the delisting, Floki Inu’s (FLOKI) price increased by around 3% in the past 24 hours, outperforming other major memecoins like Dogecoin and Shiba Inu. Floki Inu is among many memecoins in the market, known for their high volatility; investors are cautioned about potential risks due to some having minimal real-world use cases. FLOKI Takes...

[PRESS RELEASE – Melbourne, Australia, October 19th, 2023] The cryptocurrency market is rapidly evolving, and at the forefront of this revolution is Hommiestoken, a project that’s set to redefine the landscape of blockchain-based utility. Hommiestoken is on a mission to empower the middle class worldwide with a comprehensive multi-utility dapp system. As the launch date approaches (scheduled for the end of November), it’s worth taking a closer look at what makes Hommiestoken...

Superdao, a platform founded to help with the development of decentralized autonomous organizations (DAO), said it would shut down operations due to unprofitable returns and would refund investors. The platform raised over $10 million in 2022 and supported more than 2,000 DAO launches. Superdao to Exit Market Superdao CEO Yury Lifshits announced plans to wind down operations, stating that providing specialized crypto infrastructure is not a profitable project because the...

Do Kwon, the co-founder of Terraform Labs, is at the center of a legal storm as new revelations regarding the terraUSD (UST) stablecoin collapse in 2022 come to light. Kwon is under investigation, with recent developments indicating that the involvement of market maker Jump Trading could be crucial in the legal proceedings. Jump Trading’s Profits Under Scrutiny in TerraUSD Case Following the collapse of the UST stablecoin in May 2022, Kwon was sued by the U.S. Securities and...

New York Attorney General Letitia James has taken decisive action against major players in the cryptocurrency industry, filing a lawsuit against Gemini Trust, Genesis Global Capital, and Digital Currency Group (DCG). The legal action centers around Gemini Earn, a joint effort between Genesis and Gemini that offered investors significant returns on their cryptocurrency deposits. Nonetheless, James asserts that these returns were founded on misleading information, resulting in...

Matrixport’s analysis suggests that if Tether’s (USDT) market cap increases by $24 billion, acting as a proxy for potential ETF inflows, Bitcoin’s price could rise to $42,000, representing a conservative estimate. A recent report from the crypto financial services platform Matrixport suggests that the approval of BlackRock’s Bitcoin Exchange Traded Fund (ETF) could propel the price of Bitcoin (BTC) to the range of $42,000 to $56,000. The Impact of BlackRock’s ETF Approval on BTC Price...

Coinbase is looking to expand its footprint in Europe amid more crypto-friendly MiCA laws that will allow it to operate in all 27 EU states under a single license. In a major move, crypto exchange Coinbase Glonal Inc (NASDAQ: COIN) has decided that it will select Ireland as its regulatory hub in the entire EU region. Currently, Coinbase already has its presence in Ireland holding an office in Dublin since 2018. As of now, Ireland employs nearly 100 people in Ireland. Coinbase has applied...