The San Diego federal court has made a significant ruling, stating that Silvergate Bank must face a class-action lawsuit filed by FTX users. The lawsuit alleges that the bank aided fraud at the exchange and its associated trading firm, Alameda Research. Despite Silvergate’s attempt to dismiss the case in June, the federal court judge denied
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WisdomTree, a Bitcoin exchange-traded fund (ETF) issuer, recently received regulatory approval from the New York State Department of Financial Services (DFS) to operate its digital asset business in the state. This marks a significant milestone for the asset management firm, as it now has the green light to launch its WisdomTree Prime platform in New
In recent weeks, Bitcoin Spot ETF outflows have spiked, leading to price declines across the crypto space. The majority of these outflows are attributable to the Grayscale Spot ETF, with investors citing high fees as a primary reason for divesting. This trend has persisted for four consecutive weeks, marking the second occurrence of such outflows
5thScape, a virtual and augmented reality cryptocurrency gaming ecosystem, is currently in the midst of its ICO, with a staggering $1.9 million already raised. The platform offers access to an exclusive selection of VR games, educational resources, and blockbuster movies through its $5SCAPE token. With hyper-realistic gameplay and immersive experiences, 5thScape is making waves in
In a significant move, the Estonian government has approved legislation that will transfer oversight of the crypto industry to the Financial Supervision Authority (FSA) starting in 2026. The primary objective of this bill is to regulate local crypto service providers more effectively, thereby bringing stability to the emerging market. The proposed law will introduce stricter
XRP, a prominent cryptocurrency asset, has been making waves in the market with its recent rally from the $0.64 price mark. While the current price is still a far cry from its all-time high of $3.30, many analysts believe that XRP is poised for a significant uptrend in the coming months. One such analyst, Jake
The XRP price recently experienced a rebound after finding support at $0.5680. The bulls are now setting their sights on the $0.700 resistance level. This recovery comes after a period of decline, similar to what Bitcoin and Ethereum have been experiencing. The price is currently trading above $0.620 and is also above the 100 simple
The recent surge in Bitcoin’s value, surpassing the $67,000 mark, triggered a wave of liquidations in the crypto market amounting to nearly $300 million. This sudden increase in Bitcoin’s price caught many traders off guard, especially those who were betting on the market’s decline. Data from Coinglass shows that approximately 86,047 traders suffered losses exceeding
The recent recovery of Bitcoin from the $61,000 price mark to $67,000 has sparked hopes within the cryptocurrency community of a potential bullish movement in the near future. Despite not fully returning to its previous point a week ago, when it surpassed $73,000 and set a new all-time high, experts like Crypto Jelle believe that
BlackRock, a prominent asset management firm, has recently made headlines by selecting Coinbase as the key infrastructure provider for its tokenized investment fund, BlackRock USD Institutional Digital Liquidity Fund (BUIDL). This fund aims to offer a stable value of $1 per token and pays daily accrued dividends directly to investors’ wallets as new tokens each