The Hong Kong Securities and Futures Commission (SFC) has granted official approval for spot Ethereum and Bitcoin ETFs, signifying a major milestone for the crypto market in the region. However, while the approval brings excitement, Bloomberg Senior ETF analyst Eric Balchunas offered a more cautious analysis of the potential inflows into the newly approved market. … Read more
A Crypto Twist: Moicano’s Bitcoin Appeal Amidst the excitement and adrenaline of the event, Moicano’s choice to opt for Bitcoin as his preferred form of compensation sparked conversations among fans and analysts. His request reflects a growing trend among athletes who see cryptocurrency as a legitimate financial asset worth considering. While it’s unclear how the … Read more
Cardano (ADA) has been on a significant price decline in the past 30 days with important metrics pointing to a continued decline in the next few days. This decline has seen the number of Cardano holders in profit falling massively, as evidenced by on-chain data. Particularly, IntoTheBlock’s “In/Out of the Money” has revealed the number … Read more
On-chain data shows that Litecoin’s long-term holders have achieved a new record: 62.5% of all LTC investors now qualify as these HODLers. There Are Now More Than Five Million Litecoin Long-Term Holders According to data from the market intelligence platform IntoTheBlock, the LTC network recently reached a new milestone in terms of its long-term holder … Read more
In a dramatic conclusion to a five-year legal saga, Craig Wright, the controversial figure who claims to be the elusive creator of Bitcoin, has dropped his lawsuit against a prominent Bitcoin enthusiast known as Hodlonaut. The culmination of this lengthy dispute marks a significant victory for Hodlonaut and casts further doubt on Wright’s assertions regarding … Read more
David Pan, the founder of the Taiwanese crypto exchange ACE, alongside six other suspects, has been charged by prosecutors with fraud and money laundering. According to the official press release, a court ruled the confiscation of Pan’s assets. Crypto Fraud Investigation Ends With Indictment And Seizing Of Assets In January 2024, news broke of one … Read more
On-chain data shows that demand for Bitcoin from HODLers is currently outpacing miner issuance for the first time in history and by quite a lot. Bitcoin Demand From Accumulation Addresses Is Higher Than Miner Issuance As CryptoQuant head of research Julio Moreno explained in a new post on X, the demand for the asset has … Read more
China’s financial giants Harvest Fund and Southern Fund have recently filed applications to launch a new spot Bitcoin ETF, according to local media outlet Securities Times. Harvest Fund And Southern Fund Spearhead Bitcoin ETF Push In China Despite China’s historical skepticism towards Bitcoin and cryptocurrencies, leading funds are now actively seeking regulatory approval to launch … Read more
In an effort to dispel fears, uncertainties, and doubts (FUD) that have permeated the XRP community and the broader crypto market, lawyer Bill Morgan, recently provided comprehensive insights into the legal standing of XRP. Morgan’s comments came in the wake of various court decisions that have cast a shadow over the crypto industry, with significant … Read more
According to a Friday report by Bloomberg, a United States jury found Terraform Labs and its co-founder Do Kwon liable for civil fraud over the crash of the Terra ecosystem in 2022. This development comes as Do Kwon continues to battle criminal cases in the US and South Korea over the sudden collapse of the … Read more
