The altcoin market has shown mixed signals from the start of the week. Ethereum (ETH), the largest altcoin, is grappling to sustain itself in the $2.5K mark. The asset’s price has been caught between the key support and resistance levels. Notably, ETH witnessed several price dips in the past few
October 11, 2024 2 mins read
Bitnomial, a Chicago-based cryptocurrency derivatives exchange, has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC). The filing challenged the assertion of the SEC that XRP futures should be classified as “Security Futures.” Bitnomial’s lawsuit is the second case filed against the SEC this week. Crypto.com, a digital
October 11, 2024 2 mins read
South Korea’s Financial Services Commission (FSC) is reconsidering the possibility of lifting its long-term ban on spot exchange-traded funds (ETFs). It further allows institutional accounts on local crypto exchanges. The Virtual Asset Committee will evaluate approving the virtual asset spot ETFs and allowing the corporate virtual asset accounts. Since 2018,
October 10, 2024 1 min read
The hedge funds have focused on traditional asset classes and have exposure to the cryptocurrency market. Approximately 50% of the hedge funds have allocated capital to digital assets, marking an increase compared to previous years. Reportedly, 47% of the hedge funds invested in traditional asset classes have ventured into cryptocurrencies
October 10, 2024 2 mins read
The United States Federal Bureau of Investigation (FBI) created its own cryptocurrency, “NexFundAI,” operated on the Ethereum blockchain. The FBI initiated the token to capture the attention of market manipulators and illicit activities in the cryptocurrency market. Besides, the federal prosecutors in Boston announced charges against eighteen individuals and entities
October 10, 2024 1 min read
Taiwan’s Financial Supervisory Commission (FSC) plans to trail the custody services of open digital assets. Three domestic banks have taken the initiative to participate in the trial program, which is set to kick off in the first quarter of 2025. These banks are expected to provide storage solutions for the
October 9, 2024 1 min read
Bitcoin (BTC) is currently hovering at $62K, showing brief signals of recovery from the steady plunge. Over the past few days, the largest asset has defied all bullish market predictions by extending its bearish rally to date. BTC touched a high of the $66.3K mark in late September, ascending from
October 9, 2024 2 mins read
Canary Capital, a digital asset investment firm, has officially filed a registration for a spot XRP ETF with the U.S. Securities and Exchange Commission (SEC). The firm initiated this move a week after Bitwise filed its own S-1 registration for an XRP ETF. Canary Capital became the second firm to
October 9, 2024 2 mins read
The start of this week was bearish as the tokens were grappling to recover from their recent lows. Along with the meme coin market is priced in red, and some meme coins are recovering. Among them, the dog-themed meme coin, Shiba Inu (SHIB), has lost over 4.35% over the past
October 8, 2024 2 mins read
Ethereum’s price oscillation over the past few days has left traders anxious due to eminent volatility. Several crypto analysts anticipate that the ETH price might recover with the influx of October. The ETH price is at a critical juncture as it hovers near strong resistance and support levels. The largest
October 8, 2024 2 mins read