Bitcoin briefly hit $35,000 on Monday for the first time in over a year as traders withdrew funds from exchanges, signaling growing bullish sentiment. According to data from CoinGlass, major exchanges like Binance saw net outflows of more than $500 million over the past day as Bitcoin rallied. Outflows typically indicate investors are moving assets […]
Pepe Coin (PEPE) bucked the broader market slump on Tuesday, rising over 30% following a massive token burn worth $5.5 million. The Pepe team permanently destroyed 6.9 trillion tokens by sending them to an unretrievable address known as “burning.” This reduced circulation by 1.6%, lowering potential selling pressure. Pepe Coin price shot up by 30% […]
A dramatic bitcoin price surge has resulted in nearly $180 million worth of liquidations for traders betting against the cryptocurrency. According to market data, short positions on bitcoin futures accounted for close to 50% of the $400 million in total crypto liquidations that took place on Monday. BTC prices spiked 12% to over $35,000, fueled […]
Blockchain analytics company Chainalysis is pushing back on recent reports about millions in cryptocurrency allegedly funding Hamas operations against Israel. While acknowledging the importance of stopping any terror financing, Chainalysis argues the crypto flows have been “overstated.” Last week, the Wall Street Journal reported that Palestinian militant groups received over $130 million in crypto donations […]
U.S. crypto advocacy groups are pushing back on claims made by Senator Elizabeth Warren and other lawmakers about cryptocurrency being used to finance the militant group Hamas. Earlier this month, Warren and over 100 members of Congress signed a letter urging action to curb the alleged use of crypto to fund Hamas and the Palestinian […]
The U.S. Securities and Exchange Commission (SEC) has decided not to pursue claims that Ripple CEO Brad Garlinghouse and Executive Chairman Chris Larsen aided and abetted the company in violating federal securities laws. The charges, which were scheduled to go to trial next year, have been dismissed with prejudice, meaning they cannot be refiled. While […]
Galaxy Digital CEO Michael Novogratz expressed confidence that U.S. spot bitcoin exchange-traded funds (ETFs) will finally be approved by regulators this year. In a recent CNBC interview, Novogratz predicted the SEC would give the green light to spot bitcoin ETFs before the end of 2023. He cited mounting pressure on the SEC following Grayscale’s court […]
According to crypto data firm CryptoQuant, Bitcoin’s market capitalization could surge to $900 billion in 2024 if the SEC approves spot crypto exchange-traded funds (ETFs). In a new report, CryptoQuant estimated that this influx of institutional investment, even if just 1-2% of assets are allocated, could boost BTC’s market cap from current levels of around […]
Luxury fashion house Gucci brought its traveling “Cosmos” exhibition to London last week, blurring the lines between traditional fashion retrospectives and futuristic technological experiences. Conceived by British designer Es Devlin and curated by fashion historian Maria Luisa Frisa, the show aims to generate emotion by recontextualizing Gucci’s iconic designs through modern tech innovations. Upon entering, […]
Social media platform Reddit has announced plans to phase out its crypto-powered Community Points rewards system by November 8th, according to reporting by TechCrunch. The ERC-20 tokens were originally launched in 2020 to incentivize high-quality user contributions. However, Reddit says the resources required no longer justify keeping the system due to scaling difficulties and an […]