Crypto news

BlackRock has submitted its new application for a bitcoin-based exchange-traded fund (ETF). After an initial send-back, the documentation is in, and the Securities and Exchange Commission (SEC) has confirmed that it’s reviewing the application. Many traders are waiting on the sidelines with their fingers crossed, hoping this is when the SEC gives a greenlight to bitcoin spot trading. BlackRock Won’t Help Much Despite the big move forward and all the anticipation...

John Deaton, founder of CryptolawUS and an advocate for XRP holders, spoke out against the SEC’s “aiding and abetting” allegations against Brad Garlinghouse, CEO of Ripple. Deaton claims that the situation might have been prevented if the SEC had allowed previous executives Bill Hinman and Jay Clayton to testify sooner. In the Ripple v. SEC litigation, Digital Asset Investor said that he would have called former SEC employees Jay Clayton and Bill Hinman, as well as a16z...

XRP – the cryptocurrency of Ripple – has shot up in price and is now the fourth largest digital asset, having beaten out BNB, the digital currency of Binance which is the world’s largest and most popular crypto exchange. Ripple Currency XRP is Surging! XRP has been involved in a huge legal battle with the Securities and Exchange Commission (SEC). Ripple had a suit filed against it back in 2020 by the financial agency, which swore up and down that the company was...

Stablecoin payment adoption continued to thrive last year despite massive capital outflows from the crypto market at large, according to a new report from European hedge fund manager Brevan Howard. Analysts found that the stablecoin market settled over $11 trillion in value in 2022 and that over 25 million blockchain addresses held over $1 in stablecoins. Stablecoin Adoption by the Numbers The fund’s report – co-authored by Venture Co-Head Peter Johnson and quant analyst Sai...

Bitcoin’s price shows a very low intent to recover following the recent drop last week. Things are not looking positive in the short term. Technical Analysis By Edris The Daily Chart On the daily chart, the price has been consolidating inside a tight range over the last few days, following a massive drop from the $30K critical resistance zone. The 200-day moving average has also been broken to the downside, which is a clear bearish trend signal. Yet, considering the oversold...

Data analyzed by the on-chain analytics platform Nansen shows that blue-chip non-fungible tokens (NFTs) are struggling, and their floor prices have plunged significantly. According to the firm, the floor prices of most blue-chip NFTs crashed by more than 25% in the last 30 days. At the same time, the prices of a few collections recorded significant growth. Blue-Chip NFTs are Struggling Blue-chip NFTs are collectibles expected to have sustainable long-term value because of...

Bitcoin’s price performance over the past 24 hours is hardly surprising given the lower trading volumes during the weekends, and the asset has not moved an inch from its $26,000 level. The altcoins are also highly stagnant on a daily scale, but some have posted notable losses since last Sunday. BTC Boring at $26K Bitcoin was in a similar situation last week – meaning it had stalled for weeks at around $29,000 – before a sudden price dump took it south by over $3,000 to chart...

The Brazilian authorities have reportedly launched an investigation against one of the greatest soccer players of all time – Ronaldo de Assis Moreira (better known as Ronaldinho) – over allegations that he might have participated in a cryptocurrency scam. The athlete was summoned to testify on the matter but failed to appear in court without giving explanations for his absence. Expected to Show up in Court Next Week According to recent coverage, the former star of FC...

On-chain analysts at Glassnode and Ark have developed a new framework for analyzing the Bitcoin network’s “economic state.” The framework, called “Cointime Economics (CE),” will help increase the accuracy of on-chain analysis, which savvy investors and traders often use to read where Bitcoin’s price is heading. What is Cointime Economics? According to lead Glassnode analyst James Check, CE moves away from analysis based on Bitcoin’s unspent transaction outputs (UTXOs), which...

The US Federal Bureau of Investigation (FBI) discovered that the North Korean hacking collective – the Lazarus Group – has drained cryptocurrencies worth millions of dollars through several attacks in the past few years. The security agency believes the wrongdoers could soon cash out 1,580 BTC (worth almost $41 million at current prices). Stay Focused on the Lazarus’ Actions The FBI released a statement to notify cryptocurrency companies about a potential move that the...