In one of the most significant exploits in the crypto space, the now-defunct FTX exchange fell victim to a hack a few hours after declaring bankruptcy, leading to a loss of more than $600 million. The aftermath of this incident is still being felt, as evidenced by recent developments regarding the FTX exploiter. According to
Bitcoin
The asset management firm Valkyrie, which has been at the forefront of the race to launch the first Ethereum Exchange-Traded Fund (ETF) in the United States, has made the decision to pause its purchase of Ether futures contracts. This change in strategy comes shortly after Valkyrie reportedly obtained approval to offer investors exposure to Ether
The future of XRP, the cryptocurrency associated with Ripple, has been a subject of much speculation and uncertainty. While some analysts remain skeptical about its potential for growth, there are several macro and micro factors that could significantly impact the token’s price. In this article, we will delve into these factors and explore the possibilities
Hong Kong-based cryptocurrency exchange Hashkey has announced that it will support trading the Avalanche (AVAX) token on its platform. This move is expected to increase adoption and provide an opportunity for investors. However, there is an interesting requirement that traders must meet before interacting with this cryptocurrency on the exchange. On September 27, Hashkey announced
The recent report by Bloomberg analyst Jamie Coutts sheds light on the growing interest of asset managers in Bitcoin. While the focus initially revolved around exchange-traded funds (ETFs), Coutts reveals that prominent global asset managers, including BlackRock, Vanguard, and State Street, have been actively involved in the Bitcoin mining industry for over three years. This
Litecoin (LTC) has been trading within a tight price range over the past week, with its value staying steady around $64. The overall price action for LTC in September has been primarily bearish, as sellers continue to maintain control over the market. Unlike its historically volatile price swings, Litecoin has been mirroring the sideways movement
Ethereum, the second-largest cryptocurrency by market capitalization, is currently attempting to recover from its recent decline. However, the price is facing strong resistance at the $1,600 level, raising concerns about a continuation of the downward trend. ETH is slowly moving higher towards the $1,600 resistance zone, indicating a potential recovery. However, it is important to
As the cryptocurrency market grapples with volatility and uncertainty, Dogecoin (DOGE) finds itself trapped in a prolonged period of stagnation. This stagnant phase, lasting for over a month, reveals the ongoing battle between bulls and bears for control of the market. DOGE enthusiasts and investors eagerly await cues for the coin’s next move. Upon meticulous
The past week has been characterized by caution among Bitcoin traders, as the price action has remained relatively quiet. This sense of caution has not only impacted the price but has also led to a significant decline in trading volumes across major crypto exchanges. Both spot Bitcoin trading and Bitcoin derivatives have witnessed a substantial
As the cryptocurrency community eagerly awaits October, all eyes are on the US Securities and Exchange Commission (SEC). This regulatory agency holds the power to make decisions that could significantly impact the entire crypto industry. In particular, two key rulings are expected to shape the future of the industry and generate a ripple effect for
