News

Standard Chartered Sees Opportunity in Bitcoin's Price Dip

Standard Chartered advises buying Bitcoin under $60,000, citing "interesting circularity" between geopolitical tensions and US election prospects.

Karim Noun

Standard Chartered suggests Bitcoin's dip below $60,000 is a buying opportunity. The bank notes an intriguing dynamic where geopolitical tensions push prices down, while increased odds of a Trump victory boost Bitcoin's post-election prospects.

El Salvador Strengthens Bitcoin Stance Despite IMF Concerns

El Salvador expands Bitcoin regulations and adoption, defying IMF recommendations. Crypto community supports the country's bold moves in digital assets.

Karim Noun

El Salvador has passed new laws expanding Bitcoin regulation and adoption, despite IMF concerns. The country aims to become a global leader in digital asset regulation, while the crypto community encourages El Salvador to maintain its pro-Bitcoin stance.

Bitcoin Drops to $60,000 Amid October Crypto Market Rout

The price of Bitcoin has slipped below $60,000, while the greater cryptocurrency market has seen an alarming downturn in the first week of this month.

Yagyesh Jaiswal

Bitcoin's value has plummeted to $60,000 as the month of October gets off to a bad start in the cryptocurrency market. Meanwhile, the large investors, commonly referred to as "whales," are accumulating Bitcoin during the market downtrend as a positioning factor for when it eventually surges.

Bitcoin Q4 Rally Uncertain: Clouded by Sluggish Demand

As CryptoQuant’s analysis shows, the prospects for Bitcoin’s Q4 rally are questionable because demand growth is low. Historically performance in halving years has been positive, but current demand signals suggest a potential struggle to reach already projected price targets.

Karim Noun

As CryptoQuant’s analysis shows, the prospects for Bitcoin’s Q4 rally are questionable because demand growth is low. Historically performance in halving years has been positive, but current demand signals suggest a potential struggle to reach already projected price targets.

Bitwise Files XRP ETF: A New Chapter in Crypto Investment

Bitwise has filed for an XRP ETF trust in Delaware, joining Grayscale in the XRP trust market. This move follows Ripple's partial win against the SEC, but approval for non-Bitcoin/Ethereum crypto ETFs remains challenging.

Karim Noun

Bitwise has filed for an XRP ETF trust in Delaware, joining Grayscale in the XRP trust market. This move follows Ripple's partial win against the SEC, but approval for non-Bitcoin/Ethereum crypto ETFs remains challenging.

Geopolitical Tensions Spark Crypto Market Turmoil

Escalating Middle East tensions caused a crypto market crash, resulting in $489 million liquidations. Bitcoin fell 3%, while altcoins saw heavier losses. Gold and the US dollar surged as investors sought safe havens.

Karim Noun

Escalating Middle East tensions caused a crypto market crash, resulting in $489 million liquidations. Bitcoin fell 3%, while altcoins saw heavier losses. Gold and the US dollar surged as investors sought safe havens.

Bitcoin, Ether, Gaming Tokens Plummet Amid Market Volatility

Crypto market double-digit tumbles amidst Bitcoin crashing, Ethereum dropping, and gaming tokens slumping over 50% since their debut.

Yagyesh Jaiswal

High volatility of crypto market sees Bitcoin and Ethereum suffer heavy losses. Gaming tokens suffer a worse fate: HMSTR and CATI plump over 50% each. Ethereum NFT competitors are also heating up, for the most part from Tron.

Japan's Crypto Tax Overhaul: A New Era for Digital Assets

Japan's FSA reviews crypto rules, possibly lowering taxes and reclassifying digital assets to encourage investment by 2025.

Karim Noun

Japan's FSA reviews crypto rules, possibly lowering taxes and reclassifying digital assets to encourage investment by 2025.

Ohio Pushes for Crypto Adoption in State Finances

Niraj Antani, Ohio’s senator has proposed a bill to allow Bitcoin and digital assets payments for Tax purposes and enable state institutions to invest in cryptocurrencies

Karim Noun

Niraj Antani, Ohio’s senator has proposed a bill to allow Bitcoin and digital assets payments for Tax purposes and enable state institutions to invest in cryptocurrencies

FTX Creditors May Only Recover 10-25% of Their Lost Assets

FTX creditors may have to wait as long as 2025 before they begin getting repayments that could be as low as 10-25% of their lost assets. A hearing scheduled for October 7, 2024, may shed more light on this issue.

Yagyesh Jaiswal

A scheme for the restructuring of FTX is pending the court's approval. Creditors will have to wait till 2025 to get their repayments back, which too they shall recover at only 10 to 25 percent of the lost crypto assets.

Dogecoin Founder's Cat Caramelo Inspires $MELO Token

Shibetoshi Nakamoto adopts a kitten and names it Caramelo. In fact, the new kitten sparked interest in the $MELO memecoin. Here is a look into that tweet that got everything started.

Yagyesh Jaiswal

Caramelo, recently adopted by Shibetoshi Nakamoto, the co-founder of Dogecoin, has become the force behind the $MELO token. Here is a look into that tweet that sparked this meme coin frenzy.

Sen. Lummis: Gensler May Exit SEC if Trump Wins

Senator Lummis predicts SEC Chair Gensler's departure if Trump is elected, calls for clearer and more certain crypto regulations and commodity definitions.

Karim Noun

Senator Lummis predicts SEC Chair Gensler's departure if Trump is elected, calls for clearer and more certain crypto regulations and commodity definitions.

Bolivia's Crypto Market Booms Following Bitcoin Ban Reversal

Bolivia sees 141% increase in crypto transactions after lifting Bitcoin ban. Monthly trade volume reaches $15.6M, fostering economic modernization.

Karim Noun

Bolivia's crypto transactions more than doubled after lifting its Bitcoin ban in June. Monthly trade volume rose to $15.6M, with total Q3 transactions reaching $46.8M. The central bank sees this as a step towards economic modernization.

KuCoin Likely to Cease Operations in the Netherlands

KuCoin faces a probable end of operations in the Netherlands, despite the company's reassurances against mounting regulatory scrutiny.

Yagyesh Jaiswal

KuCoin, one of the largest crypto exchanges, might just stop operation in the Netherlands amidst its regulatory challenges. Users complain about being unable to withdraw their funds, raising concerns about the future of this platform in the region.

SUI's 130% Surge: Is a Market Correction on the Horizon?

SUI price skyrocketed over 130% to $1.70. Indicators suggest bullish momentum, but overbought signals may lead to a correction in the short term.

Yagyesh Jaiswal

SUI price has surged significantly over 130% to exceed $1.70. This upward price action stems from an increase in social activity and trading volume. Although investors are bullish, technical indicators suggest that SUI is overbought, hinting at a potential correction in the short term and investors should remain vigilant as the market develops.

Ethereum Surges Amid Whales' Moves and ETF Plans of India

Ethereum climbs past $2,700 as whales book $72M profits. India is the latest to plan a Bitcoin & Ethereum futures ETF that will change the crypto market landscape.

Yagyesh Jaiswal

This is in reaction to whales booking $72M in profits. India eyes its first Bitcoin and Ethereum futures ETF that could reshape its crypto landscape.

SEC Chair Clarifies Bitcoin's Status as non Security

SEC Chair Gary Gensler confirms Bitcoin is not a security, but criticizes the broader crypto industry for disregarding regulations. Ethereum's status remains ambiguous amid ongoing SEC scrutiny.

Karim Noun

SEC Chair Gary Gensler confirms Bitcoin is not a security, but criticizes the broader crypto industry for disregarding regulations. Ethereum's status remains ambiguous amid ongoing SEC scrutiny.

Bitcoin ETFs Close in on Satoshi's Holdings

US Bitcoin ETFs collectively hold 916,047 BTC, nearing Satoshi Nakamoto's estimated 1.1 million BTC. BlackRock's IBIT leads with 358,080 BTC, as total ETF inflows reach $17.8 billion.

Karim Noun

US Bitcoin ETFs collectively hold 916,047 BTC, nearing Satoshi Nakamoto's estimated 1.1 million BTC. BlackRock's IBIT leads with 358,080 BTC, as total ETF inflows reach $17.8 billion.

BlackRock Executive Redefines Bitcoin's Risk Profile

Robbie Mitchnick states that Bitcoin is a risky but 'risk-off' asset. Furthermore, He argues Bitcoin's long-term price action is uncorrelated to traditional risk on assets, potentially offering an alternative in times of economic uncertainty.

Karim Noun

Robbie Mitchnick states that Bitcoin is a risky but 'risk-off' asset. Furthermore, He argues Bitcoin's long-term price action is uncorrelated to traditional risk on assets, potentially offering an alternative in times of economic uncertainty.

PayPal Now Enables Crypto Trading for U.S. Business Accounts

PayPal has also opened up its business accounts to allow account holders to buy, hold, and sell cryptocurrencies. While this will expand PayPal's offerings and allow cryptocurrency trading by U.S. business accounts, businesses located in New York state are excluded from this new service....for now.

Yagyesh Jaiswal

On September 25, 2024, PayPal announced the service would be available to U.S. business accounts to buy, hold, and sell cryptocurrencies. The new service came as a response to demand from U.S. business owners while not allowing businesses in New York state access.

SEC Postpones Ethereum ETF Options Trading Decision

SEC postpones decision on options trading for BlackRock and Bitwise spot Ethereum ETFs to November, as they need more consideration and clarity.

Karim Noun

SEC postpones decision on options trading for BlackRock and Bitwise spot Ethereum ETFs to November, as they need more consideration and clarity.

Caroline Ellison Sentenced to 2 Years for FTX Collapse Role

Caroline Ellison, The former CEO of Alameda Research and EX partner of SBF, receives a 2-year prison sentence and $11B forfeiture order for her role in FTX exchange collapse.

Karim Noun

Caroline Ellison, The former CEO of Alameda Research and EX partner of SBF, receives a 2-year prison sentence and $11B forfeiture order for her role in FTX exchange collapse.

BlackRock Sees $158 Million Inflows in Bitcoin and Ether ETFs

BlackRock reports substantial inflows of $158 million across its Bitcoin and Ethereum ETFs, highlighting growing institutional interest in crypto assets.

Yagyesh Jaiswal

On September 25, 2024, BlackRock reported $158 million in inflows across both its Bitcoin and Ethereum ETFs. The numbers clear up just how appealing these cryptocurrency investment products are starting to be to institutional investors.

Binance Allows Pre-Market Trading of Real Tokens

Binance has begun to allow pre-market trading of real tokens so that early investment can be made ahead of listing. Discover the feature in detail here.

Yagyesh Jaiswal

Binance has recently introduced a new feature: the pre-market trading service for real tokens. As such, investors can invest in the token much in advance before its official listing. With this unique and innovative feature coming with certain restrictions, it's a big development in crypto trading.

Bitcoin's Path: Consolidation or Breakthrough?

The Bitfinex report indicates Bitcoin may consolidate below $65,200 due to derivatives-led rally. ETF inflows and S&P 500 performance could impact future market direction.

Karim Noun

The Bitfinex report indicates Bitcoin may consolidate below $65,200 due to derivatives-led rally. ETF inflows and S&P 500 performance could impact future market direction.