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On August 21, the bankrupt Mt. Gox Exchange sent out 13,265 BTC, worth about $784 million, according to Arkham Intelligence. Out of this amount, 12,000 BTC were sent to a new address, and 1,265 BTC went into a cold wallet linked to Mt. Gox Exchange. This was the first large transfer of Bitcoin from the…
Bitcoin (BTC) reached $61,000 on Tuesday morning after spending the past week fluctuating between $56,000 and $58,000 this was due to massive Bitcoin ETF inflows. This upward push from $58,000 marked a strong recovery for Bitcoin, which had been under heavy selling pressure recently. The market cap of cryptocurrencies grew more than 3% in the past…
Nigeria’s Securities and Exchange Commission (SEC) has made a key decision in the country’s cryptocurrency sector. For the first time, the SEC has issued a provisional license to Quidax, an African-founded cryptocurrency exchange. This license officially recognizes Quidax as a registered crypto exchange in Nigeria. This development is an important step for Nigeria’s cryptocurrency industry, which…
MicroStrategy’s new exchange-traded fund (ETF), MSTX, has been given the go-ahead from the U.S. Securities and Exchange Commission (SEC). This ETF, managed by Defiance ETFs, aims to deliver 175% of MicroStrategy’s daily stock return. It is the first of its kind to focus on just one stock, specifically MicroStrategy, which is known for holding a…
MetaMask has launched a new crypto debit card (the MetaMask Card), in partnership with Mastercard, now available to people in the European Union and the United Kingdom. This card allows users to turn their cryptocurrency into fiat directly from their MetaMask wallets, similar to how a regular debit card works. However, users keep control of their…
On August 13, a crypto wallet that recently received $2 billion worth of Bitcoin (BTC) from the Mt Gox exchange’s trustee performed test transactions. This indicates they might be preparing to pay creditors. Analysts think the wallet is probably linked to BitGo, a major crypto custody service. BitGo is one of five companies tasked with…
Ethereum exchange traded funds (ETFs) have recently attracted a lot of interest, particularly from BlackRock. Over the past few months, BlackRock has shown strong interest in Ethereum (ETH), the leading altcoin. This has prompted other big names in the crypto space to also increase their holdings of ETH. See Also: The SEC Confirms Smooth Approval Process…
Celsius, a bankrupt crypto platform, has sued Tether, accusing them of mishandling assets during the Celsius bankruptcy. Celsius is seeking to recover about $3.5 billion. The lawsuit claims that Tether lent Celsius a certain amount of USDT, backed by U.S. dollars, and in return, Celsius gave Tether 39,542.42 Bitcoin as collateral. When Bitcoin’s price dropped,…
XRP is seeing its price bounce back after a recent court victory against the United States Securities and Exchange Commission (SEC). In the past week, Ripple has increased over 5%, with its price now around $0.60. This growth is also reflected in its market value, which has gone up by about $1 billion during this period….
Recently, BTC bounced back from its losses and climbed above $60,000. There’s a chance it could keep rising, possibly reaching $65,000 and $68,000 resistance levels. Over the past few weeks, Bitcoin experienced sharp price swings, especially near the $70,000 resistance level. The price couldn’t break through this resistance and dropped sharply, falling 20% and even dipping…
Crypto traders continue to purchase more cryptocurrencies, despite the recent dip and this has been shown by the recent money inflows into cryptocurrency exchanges like Binance. Binance Sees Massive Inflows On August 8, Lookonchain reported that Binance, the largest crypto exchange, saw a net inflow of $2.4 billion since the market drop on August 5. Most…
On August 5, 2024, Binance Exchange experienced a major increase in funds during a market drop, gaining $1.2 billion. This was one of the largest trading days of the year, reflecting continued confidence from many people trading on the platform, according to Binance CEO Richard Teng. He shared this information on August 6, using data from…
Despite a recent drop in Ethereum’s price, large investors remained interested. New U.S. spot Ethereum ETFs received a large inflow of $49 million on August 5. This was the second-biggest single-day inflow since these funds started trading. This shows that investors still trust Ethereum, even during tough market conditions. Leading Ethereum ETFs BlackRock’s ETHA fund…
The cryptocurrency market is currently dumping, with Bitcoin (BTC) leading the dump. Concerns about a possible recession in the United States have led many to pull out of crypto assets, causing a widespread sell-off. Bitcoin dumps 10% in just one day, raising questions about whether it might dip below the $50,000 mark. The Reason Bitcoin Dumps 10%…
