Bitwise Asset Management’s Chief Investment Officer has made a bold prediction regarding the potential impact of Ethereum Exchange-Traded Products (ETPs) on the price of ether (ETH). According to the CIO, the introduction of ETPs could drive ETH prices to new all-time highs, surpassing the $5,000 mark by the end of the year. This forecast is
Cons
Recently, Hong Kong’s financial regulators wrapped up a consultation period regarding a licensing program initiative for fiat-referenced stablecoin (FRS) providers. The consultation, which came to a close in February, garnered 108 submissions from a variety of stakeholders, ranging from market participants to industry associations and professional organizations. The joint statement made on July 17 by
The recent announcement from crypto exchange OKX has sent shockwaves through the Nigerian crypto community. OKX has informed Nigerian clients that they have until Aug. 16 to close their positions, as the platform is ceasing operations in the African country due to local regulations. In a move that has left many users frustrated, OKX stated
Cardano, once considered one of the largest cryptocurrencies in the market, has been facing significant challenges in recent months. This is evident from the substantial drop in its market cap, plummeting from over $90 billion in 2021 to a mere $15.9 billion as of Wednesday. The number of monthly developer commits has also dwindled, showcasing
Australian computer scientist Craig Wright has long claimed to be the mysterious creator of Bitcoin, Satoshi Nakamoto. However, recent developments have brought these claims into question. A ruling in the COPA vs. Wright case revealed that Wright may face charges of perjury and forgery of documents for providing false testimony during the trial. Wright has
The decentralized finance (DeFi) platform LI.FI protocol recently fell victim to an exploit resulting in over $8 million worth of funds being stolen. Cyvers Alerts brought attention to suspicious transactions within the LI.FI cross-chain transaction aggregator. LI.FI acknowledged the breach in a statement on July 16, warning users not to engage with any http://LI.FI powered
The US spot Bitcoin ETFs experienced a significant daily net inflow of $301 million on July 15th, marking their seventh consecutive day of gains amidst a broader market recovery. This surge in inflows was a positive sign for the ETF sector, as none of the ETFs recorded outflows for the day. According to data compiled
The Ministry of Finance in Russia has put forward a proposal to allow traditional exchanges to facilitate digital asset trading for a specific group of investors. This proposal aims to create specialized regulations for organized trading in digital currencies, considering them as commodities, based on either an exchange license or a trading system license. The
Recently, crypto analyst Linda has made a bold prediction regarding Ethereum’s price, suggesting that it could reach $4,000 in the near future. This bullish outlook is based on several factors, including the potential approval of Spot Ethereum ETFs. Linda emphasized the positive sentiment surrounding these funds, with many traders eagerly awaiting news from the US
The cryptocurrency market has recently experienced a significant surge, adding a whopping $200 billion in just the past few days. Leading cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) have seen notable increases, with BTC rising by 4.5% to briefly surpass the $63,000 mark, and ETH reclaiming the $3,300 level. The meme coin sector has