Bitcoin’s futures market is currently attracting attention due to the signs of bullish sentiment it is showcasing. Analysts are closely looking at the Bitcoin futures basis, which represents the difference between the futures price of Bitcoin and its spot price. Recent data indicates that this basis has risen to unprecedented levels since Bitcoin’s all-time high
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The intersection of artificial intelligence and cryptocurrency presents a new frontier for criminal activity, as highlighted by a recent report from Chainalysis. The influx of $100 million into a crypto-based AI platform by Fetch has raised concerns about the potential for a surge in illicit blockchain activity. Chainalysis Cybercrimes Research Lead Eric Jardine provided insight
Recent analysis from Bernstein, a private wealth management firm, has once again reiterated their previous Bitcoin prediction. They are confident that the cryptocurrency has a great potential to reach an impressive $150,000 by the year 2025. This forecast is based on the exponential surge that Bitcoin has been experiencing, with new all-time highs being reached
Virtual reality and augmented reality have long been seen as the future of technology, offering immersive experiences that bridge the gap between the physical and digital worlds. 5thScape, a first-of-its-kind crypto-powered VR and AR project, is aiming to revolutionize the industry by integrating blockchain technology and tokenization to create a truly boundary-breaking platform. The Power
Grayscale recently made amendments to its regulatory filing, indicating its intention to convert its Ethereum Trust to a spot exchange-traded fund (ETF). The company’s updated filing on March 15 provides a stronger case for the conversion in several ways. One of the key points in the updated filing is the emphasis on market surveillance and
Federal prosecutors have requested a severe prison sentence of 40 to 50 years for Sam Bankman-Fried, the founder of FTX, after his conviction for orchestrating one of the largest financial frauds in recent history. The US Attorney’s Office for the Southern District of New York outlined the extensive fraudulent activities perpetrated by Bankman-Fried in a
Sponge V1 made its entrance during the bear market of May 2023, standing out as a fair launch token that quickly gained momentum in the world of meme coins. The catchy and nostalgic namesake of Sponge captured the attention of many, leading to a significant surge in popularity. The first SPONGE token skyrocketed to become
Several months ago, Binance made a significant move by spinning off its $10 billion venture capital arm, Binance Labs, into an independent entity. This decision, although not widely publicized, marked a major shift in the organizational structure of the company. Bloomberg shed light on this development in a report on March 15, pointing out that
Recently, two US Senators, Jack Reed and Laphonza Butler, raised concerns about the approval of crypto ETF proposals, specifically focusing on Ethereum. They pointed out the lack of sufficient trading volumes and integrity in cryptos like Ethereum, which could pose risks for retail investors. The Senators advised the SEC to tighten its scrutiny on Bitcoin
NFPrompt, a content generation platform backed by Binance Labs, recently revealed a security breach that led to the unauthorized access and theft of user and platform funds. The hackers successfully compromised several wallets, including those belonging to NFP’s administrators, resulting in significant financial losses. The platform described the incident as a “critical security incident” that