Crypto news

Grayscale, the owner of the world’s largest Bitcoin fund, has grown even more frustrated with the U.S. Securities and Exchange Commission (SEC) after the regulator approved a leveraged Bitcoin futures ETF last month. The firm has taken its complaint to the court, arguing that the approval strengthens its case that the SEC’s denial of its Bitcoin spot ETF application is “discriminatory.” 2X Futures VS Spot: What’s Riskier? In a letter to the Court of Appeals for the DC Circuit...

Blockchain Capital – a funding company that’s made a name for itself giving several new blockchain startups life – is betting big on a new eyeball-scanning orb. Blockchain Capital Invests in Some Questionable Tech The firm has funded all kinds of crypto companies from Coinbase and Kraken to NFT marketplace Open Sea. In an interview, general partner Spencer Bogart talked about how much of the company investors currently own. He said: It’s not a figure I have in...

Algorand-based decentralized finance (DeFi) protocol, Algofi, has announced winding down its operations. In a statement, Algofi cited a “confluence of events” as the reason behind its decision that has rendered it no longer viable to continue building and maintaining the platform to the “highest standards.” As a result, the platform will soon transition to withdrawal-only mode. The DeFi platform revealed that closing down all the social media platforms associated with the...

[unable to retrieve full-text content]CoinspeakerUK Mortgage Rates Reaches 15-Year High as Housing Market Slows Matthew Ryan, head of market strategy at global financial services firm Ebury, anticipates that the central bank will hike interest rates to around 6.35% within the first three months of next year. UK Mortgage Rates Reaches 15-Year High as Housing Market Slows

Bitcoin has been on something of a roll in 2023. While things aren’t quite where they could be, many analysts are excited about the fact that this has virtually been the exact opposite of 2022, a year in which bitcoin and its many crypto cousins fell into oblivion, and they’re all wondering where the world’s leading digital asset will end the year. Where Will Bitcoin Be in 6 Months? Charmyn Ho – head of crypto insights at digital asset exchange By Bit – said in a...

[unable to retrieve full-text content]CoinspeakerUser Traffic Drops on Twitter as Threads Surpasses 100M Users In less than a few hours after the launch, Threads received over 10 million sign-ups, a figure that has been growing remarkably since then. User Traffic Drops on Twitter as Threads Surpasses 100M Users

[unable to retrieve full-text content]CoinspeakerChina to Enforce Stricter Rules for Generative AI Content to Maintain Government Control As part of the rules, China will require a license from companies developing AI tools, obtainable before product launch. China to Enforce Stricter Rules for Generative AI Content to Maintain Government Control

Leading crypto exchange Bitfinex released its latest Bitfinex Alpha report, a weekly publication that offers on-chain data and insights into the dynamic crypto market. This week’s document found that the amount of unmoved bitcoin has reached its highest point. The report further highlights an intriguing development in liquidity trends. Bitcoin liquidity has experienced a decrease, while that of Tether USDT has witnessed a noteworthy increase. Bitcoin’s Unmoved Supply Hits...

[unable to retrieve full-text content]CoinspeakerFCA Investigation Results in Closure of 26 Crypto ATMs across UK This move is part of the regulator's efforts to ensure the financial system's integrity and prevent potential illicit activities associated with unregulated crypto transactions.  FCA Investigation Results in Closure of 26 Crypto ATMs across UK

[unable to retrieve full-text content]CoinspeakerTata Group Close to Seal Deal on Becoming First Indian iPhone Manufacturer Sources familiar with the matter said that the Tata Group is planning a complete takeover of the Wistron responsibility for the assembly of iPhone models. Tata Group Close to Seal Deal on Becoming First Indian iPhone Manufacturer