The amount of Bitcoin held by the Grayscale Bitcoin ETF (GBTC) is decreasing rapidly with no end in sight. On Friday, April 12, GBTC experienced significant outflows totaling over $166 million, resulting in the loss of approximately 2,500 Bitcoin from the fund’s holdings. GBTC Outflows Surpass $16 Billion According to Farside Investors’ figures, over $16.2 … Read more
Coinbase has been putting up a strong resistance against the U.S. Securities and Exchange Commission (SEC) in relation to their regulatory control over cryptocurrency transactions. In a recent turn of events, Coinbase is asking the court for permission to appeal an SEC decision concerning the definition of an “investment contract.” Coinbase CLO Initiates Legal Action … Read more
UFC has secured a significant deal with VeChain, worth $100 million over five years, marking VeChain’s first major partnership with a sports organization. This groundbreaking collaboration between UFC and VeChain, a blockchain logistics company, opens up a global audience for VeChain to engage with UFC fans. UFC Flexes Financial Muscle Through this strategic partnership, UFC … Read more
Surprisingly, despite the majority of cryptocurrencies experiencing a significant decline in value today, Dogecoin, the largest meme cryptocurrency by market capitalization, has drawn considerable interest from prominent investors. Interestingly, Dogecoin’s price dropped below $0.18 within the last 24 hours, following the broader crypto market downturn. Despite this price decrease, there have been enormous transactions involving … Read more
Today, the prices of the leading cryptocurrencies took a sharp downturn. Bitcoin (BTC) dropped to $67,000, while Ethereum (ETH) fell below $3,300. Notably, other prominent altcoins like Cardano (ADA), Solana (SOL), and XRP experienced substantial declines as well. Major Crypto Prices Today The cost of Bitcoin dropped by 4.98 percent, landing at $67,582.00 around Saturday, … Read more
The Bitcoin (BTC) price experienced a sudden and significant drop, falling over 6% to reach $65,000. This decline resulted in a broader correction of more than 7.8% within the cryptocurrency market as a whole. The impact on altcoins was even greater, with the top ten varieties correcting between 8-15%. $900 Million Liquidated Amid Bitcoin Price … Read more
A former security engineer named Shakeeb Ahmed, who masterminded a string of heists on two decentralized cryptocurrency exchanges (DEXs), resulting in over $12 million in stolen crypto, was handed a three-year prison sentence today. This marks the first smart contract hacking conviction in the United States. Ahmed was also ordered to forfeit the stolen crypto … Read more
Based on local news sources, the Australian Securities and Investment Commission (ASIC) has initiated legal actions against two cryptocurrency firms and their leaders for conducting business without a license within Australia. It is claimed that these companies were involved in an intricate scam leading to a financial loss of approximately AU$ 160 million or equivalent … Read more
According to on-chain analysis, an unprecedented 62.5% of Litecoin investors now fall into the category of long-term holders. There Are Now More Than Five Million Litecoin Long-Term Holders Based on information from market analysis tool IntoTheBlock, the Long Tactics (LTC) network has achieved a new mark in the number of its long-term holders. Long-term Bitcoin … Read more
The Ethereum community is still looking forward to hearing if an Ethereum-based Spot ETF will be approved by the authorities, with expectations set for a decision by May. Despite the SEC’s absence of comment on the issue, there’s been growing debate about the potential for approval. The lack of clear information about the approval process … Read more