Bitcoin whales, the large investors with significant holdings of BTC, have been making waves in the cryptocurrency market by taking advantage of every dip in the price to acquire more tokens. Thomas Fahrer, co-founder of Bitcoin-based company Apollo, recently made a startling revelation about the buying behavior of these whales during price drawdowns. While smaller
Uniswap Labs, known for its decentralized trading platform, is currently embroiled in a legal battle with the Securities and Exchange Commission (SEC) over the classification of crypto tokens as securities. The New York-based firm has vehemently denied operating as an unregistered exchange and broker-dealer. Despite the SEC’s issuance of a Wells Notice indicating a potential
In the midst of the presidential election, the cryptocurrency market is abuzz with the rise of Donald Trump-themed tokens. One such token that has recently gained significant momentum is a Solana meme coin known as ‘Super Trump’. This meme coin has rapidly climbed to the top of the meme coin markets, attracting attention from investors
Uniswap Labs recently made headlines with its strong response to the SEC’s Wells notice, challenging the agency’s attempt to regulate decentralized finance (DeFi) and asserting its confidence in the legality of its operations. The company’s defiant stance has sparked a broader discussion about the future of financial technology and market regulation, raising important questions about
Institutional investors have been showing a growing interest in Bitcoin recently, with investment funds related to the cryptocurrency experiencing significant inflows. CoinShares’ latest weekly report revealed that Bitcoin investment products received a net inflow of $942 million. This surge in investment is seen as a bullish signal that could potentially lead to a Bitcoin rally
Blockchain gaming platform, Gala Games, recently fell victim to a significant security breach that resulted in the unauthorized sale of 600 million GALA tokens valued at $23 million. This breach, attributed to inadequate internal controls according to CEO Eric Schiermeyer, occurred when a hacker gained access to a Gala Games admin address and minted 5
Recently, Ethereum experienced a significant price surge, rallying over 20% amid hopes of an ETH ETF approval by the SEC. This surge in price led to ETH breaking through several key resistance levels, including the $3,500 zone. Following the breakout, Ethereum’s price is currently trading above $3,600 and is supported by the 100-hourly Simple Moving
The Russian crypto mining industry is poised for significant growth in the coming years, with experts predicting a potential increase of between 20% and 40% in 2024. According to a report from BitRiver, one of the largest crypto mining players in Russia, the industry is experiencing strong growth dynamics due to the low cost of
In a recent development, a Kraken executive has denied rumors of the exchange planning to delist Tether’s USDT stablecoin in Europe. Global Head of Asset Growth & Management Business, Mark Greenberg, stated that the company is exploring all options to continue offering USDT under the upcoming regulatory regime. He emphasized that Kraken will adhere to
Recent developments regarding spot Ethereum ETF applicants have sparked optimism among investors and analysts. The SEC has requested updates to 19-b4 filings, leading to speculation that the pending applications may not be denied after all. ETF analysts such as Eric Balchunas and experts like Nate Geraci believe that the SEC could approve exchange listing rules