The recent price action of Bitcoin has raised concerns among institutional investors, leading to a wave of massive outflows from Bitcoin investment products. CoinShares reported that Bitcoin investment funds recorded an outflow of $284 million last week, with most of the outflows coming from US Spot Bitcoin ETFs. This significant outflow is a clear indication
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Coincheck, a prominent Japanese cryptocurrency exchange, has announced its plans to go public on the Nasdaq through a partnership with a special purpose acquisition company (SPAC) Thunder Bridge Capital Partners IV (THCP). This move will make Coincheck one of the two publicly listed exchanges in the United States, alongside Coinbase. The merger is expected to
Robinhood Markets, known for its retail trading platform, made headlines when it announced its plans to challenge the US Securities and Exchange Commission (SEC) in court. The firm’s cryptocurrency arm, Robinhood Crypto, received a Wells Notice from the SEC, indicating potential charges for securities violations. CEO Vlad Tenev wasted no time in expressing his dissatisfaction
The Chief Legal Officer of Coinbase, Paul Grewal, recently took to social media to call out US SEC Chair Gary Gensler for what he believes to be misleading statements regarding the legal status of cryptocurrencies. Grewal refuted Gensler’s claims that numerous digital assets should be classified as securities, stating that the SEC’s own lawyers have
Aqua Cat on SOL, a unique cat-themed coin that is actually a sea-otter in disguise, has recently made waves in the high-octane Solana meme coin market. With its price skyrocketing by an astonishing 33,895% overnight, traders around the world are eager to jump in and profit from this volatile market. As of the latest data,
Bitcoin (BTC) has recently seen a price slowdown, with the price hovering above $60,000. This stagnation in price movement can be attributed to a decrease in demand for the Spot Bitcoin ETFs. Initially, the Spot Bitcoin ETFs experienced significant net inflows in the first quarter of their launch, leading to a notable rally in Bitcoin’s
The recent detention of Tigran Gambaryan, a top executive at Binance, in Nigeria has sparked outrage and calls for justice. Binance CEO Richard Teng has publicly condemned the unjust detention of Gambaryan, who was apprehended along with Nadeem Anjarwalla, the exchange’s regional manager for Africa, upon their arrival in Nigeria’s capital, Abuja, on Feb. 26.
The XRP price is currently experiencing a correction from the $0.570 resistance level, as it stabilizes above the $0.5240 support. This correction comes after a recent increase that saw the price climb above the $0.550 resistance level. The price is currently above $0.5250 and the 100 simple moving average (4 hours), indicating a positive trend
Ethereum price has shown signs of recovery as it broke above the $3,120 zone. However, the bulls were unable to push the price past the $3,220 resistance level, resulting in a slight pullback. The price is now hovering below $3,120 and the 100-hourly Simple Moving Average, indicating possible consolidation in the short term. Bearish Trend
The recent report claiming that only a small fraction of French crypto holders have declared their coins to the state has sparked concern within the government. According to the Ministry of Public Action and Accounts, just 150,000 French residents correctly declared their cryptoassets at the end of the past financial year. This is a stark