London-based CF Benchmarks, a unit of crypto exchange Kraken, is positioning itself as a notable beneficiary of the surge in spot Bitcoin ETFs this year and shares an increasingly bullish outlook for the ETF market in Hong Kong and the US through 2024. According to Bloomberg, with the recent debut of these ETFs in the … Read more
The cryptocurrency market continues its wild ride in 2024, with established giants like Bitcoin facing headwinds while seemingly outlandish projects like Shiba Inu experience unexpected growth spurts. Bitcoin Struggles To Find Footing Bitcoin, the undisputed king of crypto, has seen its price plummet in recent weeks. After flirting with record highs above $70,000 earlier this … Read more
In a searing critique, John E. Deaton, a prominent legal advocate for XRP, has issued a forceful condemnation of SEC Chairman Gary Gensler, accusing him of undermining ethical standards and fostering an environment of deceit at the US Securities and Exchange Commission (SEC). Deaton’s allegations emerged following a statement by Patrick McHenry, Chairman of the … Read more
Hong Kong rolled out the red carpet for cryptocurrency enthusiasts this week with the launch of Asia’s first spot Bitcoin and Ether Exchange Traded Funds (ETFs). The debut marks a significant step for the city, aiming to solidify its position as a global digital asset hub and attract a slice of the booming crypto market. … Read more
The cryptocurrency market is experiencing a period of volatility as investors grapple with conflicting forces. Renewed anxieties about stagflation in the US – a scenario of high inflation coupled with sluggish economic growth – are putting downward pressure on prices. However, potential countervailing factors, including a liquidity injection from the US government and the launch … Read more
Lookonchain has revealed insights into what might be new transactions by Justin Sun, founder of the TRON blockchain. Whale transactions are very rampant in the crypto industry. It is common practice for on-chain analytics platforms and cryptocurrency investors to keep a careful eye on the buying and selling activity of whales, as their movement tends … Read more
The ongoing saga between the Taiwanese authorities and former executives from crypto exchange ACE continues with a new round of charges pressed against its founder, David Pan, and another 31 individuals linked to the case. The exchange and its former directors have been under investigation over alleged fraud and money laundering since January 2024. Authorities … Read more
Paul Grewal, the Chief Legal Officer (CLO) of Coinbase, has become a major voice in the continuing discussion about the legal classification of Ethereum by the United States Securities and Exchange Commission (SEC), arguing in favor of the platform’s non-security status. Broader Recognition Of Ethereum Security Nature Taking to the X (formerly Twitter), the Coinbase … Read more
Following the latest Halving, Bitcoin’s inflation rate has officially become lower than Gold’s, making BTC the scarcest asset in history. Bitcoin Halving Results In Inflation Rate Dropping To Just 0.83% In its latest weekly report, the on-chain analytics firm Glassnode discussed the impact of the latest Halving on cryptocurrency. Halving is a periodic event on … Read more
Crypto.com, a global crypto exchange, recently postponed its much-anticipated retail market expansion in South Korea, originally scheduled for April 29. This strategic decision came just six days before the planned launch, and according to the report, this delay is due to the company’s need for more comprehensive engagement with local regulatory bodies. Regulatory Hurdles And Strategic … Read more
