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The global cryptocurrency community is buzzing with excitement as Nate Geraci, president of the ETF Store, predicts the imminent approval of spot Ethereum exchange-traded funds (ETFs). This anticipation has significantly influenced Ether’s market performance, ETH has climbed over the $3,300 zone. Currently, Ethereum (ETH) is trading at $3,348, reflecting a
July 15, 2024 2 mins read
Bitcoin’s (BTC) price has extended its upward momentum, hitting the $63,000 mark on Monday. This rise comes against a backdrop of heightened market activity and dramatic news, including a failed assassination attempt on former President Donald Trump, which added to the market’s surge. Over the past day, Bitcoin’s price has
July 15, 2024 2 mins read
The German government’s Bitcoin holdings have seen a drastic 90% reduction, with Bitcoin (BTC) falling to break the $60,000 zone twice in 48 hours. This substantial sell-off has led to heightened market volatility and investor concern. In January, the German authorities seized a substantial stash of Bitcoin, totaling 49,860 BTC,
July 12, 2024 2 mins read
In a recent hearing, U.S. District Judge Katherine Polk Failla advised Coinbase to either drop or significantly revise its efforts to subpoena U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler’s personal communications. The hearing was convened following the SEC’s request to block Coinbase’s subpoena, which south access to Gensler’s
July 12, 2024 1 min read
The world’s largest crypto exchange, Binance, is reportedly finalizing negotiations with Megazone, a South Korean cloud service provider, to sell its ownership stake in Gopax. According to the South Korean local news report, this move is part of Binance’s strategy to enhance its governance structure in response to regulatory requirements
July 11, 2024 1 min read
After the approval of the 11-spot Bitcoin (BTC) ETF on January 11, expectations are high for more developments in the market. Also, the discussion around potential exchange-traded funds for various digital assets has intensified. Also, the U.S. Securities and Exchange Commission’s (SEC) green light for eight Spot Ethereum ETFs on
July 11, 2024 2 mins read
BitMEX, a leading cryptocurrency exchange based in the Seychelles, has pleaded guilty to breaching the Bank Secrecy Act (BSA) between 2015 and 2020, as announced by the U.S. Department of Justice (DOJ) on Wednesday. Court documents reveal that BitMEX intentionally failed to implement a know-your-customer (KYC) and anti-money laundering (AML)
July 11, 2024 1 min read
Amidst a backdrop of green across the global crypto market charts, Avalanche (AVAX) continues its upward momentum, breaching the $23.50 mark. The AVAX market sentiment remains positive amidst its push toward the $30.25 resistance level. In the past 24 hours, AVAX has surged over 8.43%, reaching a high of $27.38
July 10, 2024 1 min read
Zodia Markets, a cryptocurrency subsidiary of Standard Chartered, is reportedly on the verge of acquiring Elwood Capital Management. This move signifies the growing intersection of traditional banking and the burgeoning crypto sector. The parties have not officially confirmed the deal. Yet, the acquisition is anticipated to be finalized by the
July 10, 2024 2 mins read
Despite the German government and Mt. Gox selling pressures, the global crypto market displayed a notable rebound, driven by Bitcoin’s (BTC) recovery on July 10. This upward movement comes in the wake of recent market turbulence, as Bitcoin climbed nearly 4.20% to approach the $59,500 zone. At the time of
July 10, 2024 2 mins read