A comprehensive study conducted by Coinwire unveiled that Shiba Inu is one of the standout cryptocurrencies that garnered substantial positive discussions across various social media platforms throughout the year 2023.
The altcoin landscape is currently grappling with a sea of red, as most charts are dominated by bearish sentiment.
Solana has demonstrated remarkable resilience in the face of potential market turbulence stemming from holdings associated with the FTX bankruptcy estate.
When BlackRock CEO Larry Fink was asked about the possibility of an XRP ETF, he said, "I can't answer that."
While Dimon acknowledged that "blockchain is real" and that "it is a technology" and confirmed that "There's a cryptocurrency which might actually do something," he referred to Bitcoin as the cryptocurrency "which does nothing."
The SEC's lawsuit against Coinbase revolves around the allegation that the exchange had circumvented regulatory rules for an extended period.
All other spot Bitcoin ETFs have seen about $1.9 billion in net inflows, excluding GBTC.
ARK Invest executed a strategic reallocation of its assets on Tuesday, divesting some of its holdings in ProShares Bitcoin Strategy ETF (BITO).
Judge Delays SEC's Landmark Case Against Kwon Until March; No Additional Adjournment Requests Will Be Considered
Earlier this week, the SEC agreed to postpone the civil litigation involving Kwon, which is strategically aimed at facilitating Kwon's extradition, thereby ensuring his presence during the trial.
Despite not significantly impacting Bitcoin's price, the robust trading activity and substantial net inflows indicate a successful introduction and a positive market reception for Bitcoin ETFs.
FTX did not specify the exact sum allegedly misappropriated by Bankman and Fried but detailed certain expenditures: Bankman's annual remuneration of $200,000 as a senior adviser to the FTX foundation, over $18 million allocated for Bahamian real estate, and $5.5 million in contributions made by the FTX Group to Stanford University.
The stablecoin issuer has endured prolonged scrutiny regarding its backing of USDT, a stablecoin that currently boasts an extensive market capitalization exceeding $95 billion, firmly establishing it as the predominant stablecoin in global circulation.
If this trading volume continues, it's just a matter of time before BlackRock's IBIT snatches the "Liquidity King" title from Grayscale's GBTC.
Crypto, Ether ETF 'A Certainty': Ripple CEO Calls Gensler's Regulatory Strategy A 'Political Liability'
Garlinghouse said that the swift rise in Ethereum's value after the authorization of spot Bitcoin ETFs is a clear indicator of the market's strong interest in a more diverse range of ETF products.
USDT Under Scrutiny: Tether Disappointed, Challenges UN's Claims Of Involvement In Illicit Financial Operations
The UN report claimed that USDT is being used by clandestine financial networks and money laundering infrastructure in East and Southeast Asia.
Do Kwon could be in the U.S. by mid-March to attend the trial in the $40 billion crypto fraud case.
Aside from his indictments, Mashinsky is allegedly losing the Yankwitt LLP law firm in his defense team after it reportedly applied to withdraw its representation because of the crypto executive's alleged "deliberate disregard" to pay.
BlackRock CEO Unveils Plan For Bitcoin And Crypto, Initiating A 'Technological Revolution' In Finance
Blockchain technology enables the digitization or tokenization of conventional assets onto a publicly accessible ledger
According to a research analyst, "The price action of BTC, coupled with volume data and the performance of certain altcoins, demonstrates the adherence to the typical 'buy the rumor, sell the news' pattern associated with major market events."
SEC Chair Gensler Claims Isolation of X Account Hack Amidst Mounting Political Pressure From Lawmakers
A parliament of Senators immediately demanded an answer from the SEC following the security incident that led to false yet market-moving information.
Michael Saylor's Masterstroke: MicroStrategy Chairman Gets $600M Richer On Bitcoin ETF Trading Launch
While opinions vary on the impact of Bitcoin ETFs on MicroStrategy's investment approach, Saylor views their approval as a major financial development, potentially the most significant one on Wall Street in the last 30 years.
Musk, who christened himself as DogeFather, shared during a recent X Spaces event that he still owns DOGE while another one of his companies still has "a bunch" of Bitcoin on its portfolio.
An analyst predicted that if this trend continues, the market could experience "an extreme supply crunch" in Bitcoin.
The delay in Mr. Kwon's extradition proceedings in Montenegro was a direct result of an appeal made by his legal team, which successfully gained the court's approval.
Vanguard Unmoved By Record-Smashing $4.5B Bitcoin Exchange-Traded Funds Kickoff, Gives BTC ETFs The Boot
While over a dozen financial firms started offering Bitcoin ETFs on Thursday, with BlackRock, Grayscale and Fidelity emerging on top – registering around $4.5 billion in cumulative trading volumes, the crypto investment vehicle is not available for purchase in one of the biggest fund issuers in the world, Vanguard.
Bitcoin ETFs from financial giants BlackRock, Fidelity, and Grayscale have collectively soared past the $1 billion threshold in trading volumes within the first 30 minutes of market opening.
Musk, initially skeptical, is now reconsidering the use of Bitcoin as a potential currency for Mars colonization, contemplating its feasibility and the challenges of transaction times in space.
Driven by the U.S. Securities and Exchange Commission's historic nod to the first Bitcoin ETF and the commencement of fund trading on U.S. exchanges, Bitcoin's value has catapulted to unprecedented heights.
But, along with the SEC's approval is Gensler's statement outrightly distancing himself from Bitcoin and the broader cryptocurrency industry, which did not fall right on the ears of high-profile individuals in the industry, particularly of ARK Invest's Wood.
Bitcoin saw a significant spike in its value Wednesday following the approval of Bitcoin ETF in the country, although it was nowhere near its all-time high price of $69,000 in November 2021.
Bitcoin's market cap fell from $938.43 billion to $890.16 billion within hours after a fake tweet circulated online, coinciding with the SEC's disclosure of a compromised official X account.
The fee war in the Bitcoin ETF is expected since the SEC is anticipated to approve multiple applications simultaneously and issuer will offer the best fee to get the market share.
The compromise was not due to any breach in the social media platform's systems "but rather due to an unidentified individual obtaining control over a phone number associated with the @SECGov account through a third party."
Executives from leading firms suggested a potential approval announcement Wednesday, indicating that trading might start as soon as Thursday.