Bitcoin at risk of short-term downfall while Ether ETFs fail to impress
Bitcoin (BTC) may be facing a possible short-term reversal, following recent price increases. Ether (ETH) futures exchange-traded funds (ETFs) have also been underperforming, adding to the gloom in the crypto market. According to a CoinDesk report on Thursday, FxPro senior market analyst Alex Kuptsikevich warned, “Bitcoin continues to tend to sell on growth, failing to […]
FTX hacker converts a total of $100M of stolen Ethereum into Bitcoin
The individual responsible for the FTX hack has reportedly converted an additional $25 million of stolen Ethereum (ETH) into Bitcoin (BTC), bringing the total conversion to $100 million. The conversion was carried out over two transactions on October 4th. The transactions were executed with a gap of eight hours, using THORChain Router, a bridge protocol […]
FTX’s Bankman-Fried on trial yet no word on FTT amid discussions on Dogecoin and Solana
The trial of Sam Bankman-Fried, the founder of the now-dissolved FTX exchange, has begun. The trial opened with discussions of Bitcoin, Ethereum, Dogecoin, and Solana, but notably, FTT, the exchange’s native token, was not mentioned. During the first day of trial on Tuesday, the prosecution’s opening statements in the New York district court were primarily […]
Rising star Solana outshines Ethereum with whopping $5M inflows
Investors have shown increased interest in the altcoin Solana, as it outshines others with $5 million inflows this year, leaving Ethereum behind with outflows of $1.5 million. Digital asset investment products witnessed inflows over the past week, registering the first inflow in the past six weeks totaling $21 million. This occurred in spite of earlier […]
Sam Bankman-Fried Pondered $5 billion Offer To Trump To Bow Out Of 2024 Race
🚀 GM, Grab your favorite beverage (even if it’s a little early, we won’t tell), and get ready for the juiciest headlines that have been lighting up the Internet this week! 📰 1️⃣ Less Than Stellar Debut For Ethereum Futures Etfs By Vaneck, Proshares, And Valkyrie 2️⃣ Sam Bankman-Fried Pondered $5 billion Offer To Trump […]
Can Ethereum break the resistance and rally to $2K? Experts weigh-in
Following a surge in its price, Ethereum (ETH), the popular cryptocurrency, is speculated to rally towards the $2K mark, although experts warn of resistance levels that could impede this upward trend. Ethereum’s price showed a marked increase after a long consolidation stage around the $1.6K support level. The price of the cryptocurrency spiked towards the […]
Why Is Bitcoin, Ethereum, Ripple Pumping All Of A Sudden?
Cryptocurrencies witnessed a significant surge in value on Sunday, leading to the unexpected liquidation of over $100 million. Bitcoin , Ethereum , experienced increases of 3.29%, 3.05%. This surge coincides with the advent of “Uptober,” a term used in the crypto world to describe the typically bullish trend of cryptocurrencies in October. Optimism in the […]
Do Kwon Admits To Faking Transaction Volumes: SEC Documents
Former cryptocurrency tycoon, Do Kwon, has confessed to inflating trading volumes, according to official court records. As reported by Decrypt on a Thursday, the U.S Securities and Exchange Commission (SEC) court documents reveal Kwon’s admission during a text conversation with Daniel Chin, founder of payment app Chai. In the exchange, Kwon disclosed his ability to […]
Bitcoin Dips Below $27K Amid Government Shutdown Concerns
In a surprising turn, Bitcoin’s (BTC) price tumbled below $27,000, even as other cryptocurrencies saw gains. This unexpected development comes ahead of a potential US government shutdown, raising concerns about its impact on cryptocurrency prices. Bitcoin was trading at $26,800 on Friday afternoon, reflecting a 3.2% return for the month. However, this marks a 1.6% […]
Valkyrie takes lead in crypto space with Ether Futures Investment
In a first in the exchange-traded fund (ETF) industry, Valkyrie’s Bitcoin Strategy ETF has started investing in ether futures contracts, setting a precedence for others to follow. The Valkyrie Bitcoin Strategy ETF stepped into the Ether futures market on Thursday. This move comes after Valkyrie filed with the Securities and Exchange Commission (SEC) in August, […]