Digital Currency Group (DCG), a subsidiary of Genesis, has recently opposed the bankruptcy plans put forth by Genesis, arguing that it not only violates the law but also favors a small group of creditors. DCG’s objections, outlined in a court filing on February 5, strongly express concerns about the Revised Plan submitted by Genesis. According
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Bitcoin and Solana have emerged as the top contenders in the institutional inflows into digital asset investment products, according to a recent report by CoinShares. Last week, Bitcoin witnessed a substantial inflow of $703 million, accounting for an impressive 99% of all flows in these investment products. Solana followed in the second position with an
The crypto market experienced a significant drop in value as Binance, the largest crypto exchange by trading volume, announced the delisting of two digital assets: Monero (XMR) and Multichain’s MULTI. This decision sent shockwaves throughout the market, causing both XMR and MULTI to plummet in value. However, while XMR and MULTI suffered a substantial decline,
In a bold statement on February 5th, CEO of Grayscale, Michael Sonnenshein, made a passionate plea to regulators, urging them to approve spot Bitcoin exchange-traded fund (ETF) options. Sonnenshein emphasized the critical need for the development of a robust listed options market for spot Bitcoin ETFs. He pointed out that although the Grayscale Bitcoin Trust
Bitcoin, the flagship cryptocurrency, finds itself at a pivotal moment in its price trajectory. As the market remains indecisive about whether to head upward or downward, crypto analyst Eric Krown Crypto shares his insights on the key factors that will determine Bitcoin’s next move. By analyzing the Stochastic indicator, Krown provides valuable predictions and sheds
The South Korean Financial Services Commission (FSC) has recently announced significant legislative amendments with the aim of tightening regulations surrounding virtual asset business operators. These changes are specifically focused on increasing accountability and duties of executives within the crypto industry. The introduction of these measures reflects the government’s commitment to fostering a more stable and
The Chainlink (LINK) price has experienced a remarkable rally in recent days, hitting new yearly highs and offering a strong indication that the upward surge is far from over. Despite these positive developments, many traders have failed to recognize the bullish potential of LINK. Crypto analyst CobraVanguard has shed light on the current bullish state
In a recent development, Dalle-3Han Chang-joon, the former Chief Financial Officer of Terraform Labs, has been extradited to South Korea by Montenegrin Police. This news comes after Chang-joon completed his jail term. The Ministry of Justice in South Korea made the decision to extradite him, which was confirmed in an official release by the country’s
The Solana meme coin market has been experiencing astronomical pumps, and the latest coin to skyrocket is SPACEX token with an astonishing +20,000% move. This surge in price comes as no surprise considering the ongoing trend of explosive moves in recent months. Many Solana meme coins such as ‘2024’, SOLAREUM, Joe on SOL, BINK, BONG,
The Securities and Futures Commission (SFC) of Hong Kong has issued a stern warning to unregistered Virtual Asset Trading Platforms (VATPs) operating within its jurisdiction. These platforms have been given an ultimatum – either submit their licensing applications by February 29 or face closure of their businesses by May 31. This move by the financial