Bitcoin’s ETF expectations drive Wikipedia views to new heights
The anticipation of a Bitcoin spot exchange-traded fund (ETF) has sparked a surge of interest in the cryptocurrency. In recent filings to the US Securities and Exchange Commission (SEC), several asset managers have expressed optimism about the approval of a Bitcoin ETF. This has caught the attention of people who were previously unfamiliar with the […]
FTX’s $3.4 Billion crypto asset sale is going live: What it means for the industry and investors
FTX, a failed cryptocurrency exchange, has been granted permission by a Delaware bankruptcy court to sell its crypto assets amounting to $3.4 billion. The court approved the motion on Wednesday, allowing FTX to liquidate up to $100 million in cryptocurrencies every week. This limit may increase to $200 million with approval from two committees representing […]
Paxos confirms it’s fee blunder of $500K for $2K Bitcoin transfer
Payment platform Paxos has confirmed it was responsible for a mistaken Bitcoin transaction in which an account overpaid $500,000 in fees to move just $2,000 worth of Bitcoin. Speculation had initially arisen that PayPal was responsible for the transaction, but Paxos clarified that the error was its own. The mistake was due to a bug […]
CoinEx hit by cyber attack resulted in $27 million stolen, withdrawals suspended
Cryptocurrency exchange CoinEx has temporarily suspended withdrawals following a suspected cyber attack that could have resulted in a loss of around $27 million. Unusual activities on the platform were noticed by multiple cybersecurity firms, prompting a confirmation from CoinEx that some of its hot wallet addresses had experienced “anomalous withdrawals”. The potential stolen assets include […]
Bitcoin surged to $26,500 followed by a downfall
On September 12, the price of Bitcoin (BTC) experienced a sudden surge to $26,500 from its previous level of $25,100. This spike was believed to be caused by the filing for permission to launch a Bitcoin spot ETF by Franklin Templeton, a digital assets management company holding $1.5 trillion. This news created a significant amount […]
Binance.US CEO’s departure ignites controversy: what lies ahead for the exchange?
Brian Shroder, the CEO of Binance.US, has reportedly left the cryptocurrency exchange, accompanied by the elimination of approximately 100 jobs. This downsizing, which accounts for about one-third of the workforce, is believed to be a response to increased regulatory scrutiny from the United States Securities and Exchange Commission (SEC). For the time being, Chief Legal […]
Ethereum hits six-month low: Is capitulation on the horizon?
Ethereum has reached a six-month low of $1,540, accompanied by significant changes in the movement of old coins, suggesting the possibility of capitulation, according to on-chain analytic platform Santiment. The Mean Coin Age (MCA) indicator has dropped, indicating a large movement of long-term inactive coins on the Ethereum network. This data aligns with Santiment’s belief […]
Is Binance in trouble? Adam Cochran’s raises alarm about blow up
According to Adam Cochran, there are concerns surrounding Binance and the potential consequences of an alleged blowup. Although the tip has yet to be fully verified, if true, it could lead to a longer and more painful situation than originally anticipated. Cochran has shared this information with journalists to seek confirmation. Consequently, he has replaced […]
Over 80% of Bitcoin short-term holders in losses: Glassnode
According to on-chain data from Glassnode, 83.7% of the Bitcoin short-term holder supply is currently in an unrealized loss. Only 16.3% of the short-term holder supply is currently in profit. Glassnode’s “percent supply in profit” indicator looks at the percentage of the total circulating Bitcoin supply that has gained value based on the previous selling […]
Franklin Templeton makes a splash in the Bitcoin ETF Race
Franklin Templeton, a well-known financial services firm, has entered the competition for a spot bitcoin exchange-traded fund (ETF). In its filing with the U.S. Securities and Exchange Commission, Franklin Templeton proposed a Coinbase-custodied ETF that would trade on Cboe BZX Exchange, Inc. While other major players like BlackRock, WisdomTree, and Fidelity have also expressed interest […]