The decision by Japanese exchange Coincheck to join Coinbase as one of the two publicly listed exchanges in the United States has raised eyebrows among investors. The move to go public via a special purpose acquisition company (SPAC) has sparked concerns about the potential risks involved in this strategy. Coincheck is expected to complete its
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Digital asset investment products recorded outflows for the fourth consecutive week, totaling a significant $251 million. The latest data indicates the first instance of “measurable outflows” from newly issued ETFs in the US, with a total of $156 million in outflows noted last week. This trend is indicative of investor sentiment shifting away from digital
In a groundbreaking move, APhone has joined forces with NFT marketplace Magic Eden to introduce their highly sought-after Access Pass. This pass not only grants users entry to APhone’s virtual smartphone app but also unlocks a plethora of exclusive benefits. By leveraging Aethir-powered cloud-based infrastructure, APhone revolutionizes the way users interact with demanding apps and
In the ever-evolving world of meme coins, Aqua Cat on SOL has recently emerged as a unique player in the market. Unlike traditional cat-themed coins, Aqua Cat is actually a lovable sea-otter coin disguised as a cat, capturing the attention of traders worldwide. The coin experienced a monumental price surge of 33,895% overnight, showcasing the
Coinbase’s chief legal officer, Paul Grewal, has brought the issue of cryptocurrencies’ legal status to the forefront by calling out US SEC Chair Gary Gensler for allegedly misleading the market. Grewal argues that the SEC chair’s claims that many digital assets are securities are false, citing previous admissions by the SEC’s own lawyers that cryptocurrencies
Bitcoin (BTC) has been facing a price slowdown recently after recovering above $60,000. One of the main factors believed to be contributing to this tepid price movement is the reduced demand for the Spot Bitcoin ETFs. Despite recording billions of dollars in net inflows in the first three months of launch, the demand for these
Cardano has been showing signs of recovery from its recent lows, with the price holding steady above $0.45. However, one crypto analyst, known as ‘More Crypto Online’, has a different perspective on the future trajectory of ADA. According to the analyst, the altcoin is currently in a 3-wave corrective rally based on the Elliot Wave
Robinhood’s crypto division recently received a Wells Notice from the US Securities and Exchange Commission (SEC) on May 4. This notice followed an ongoing investigation by the Gary Gensler-led Commission staff into Robinhood’s “cryptocurrency listings, custody of cryptocurrencies, and platform operations” before recommending an enforcement action against the firm. The Chief Legal Officer at Robinhood
The recent crackdown on crypto firms by the Securities and Exchange Commission (SEC) has raised concerns about how the regulatory landscape may inadvertently be favoring US crypto exchange Coinbase. Bitwise Investments CIO Matt Hougan pointed out in a social media post that the current regulatory environment is creating an “artificial moat” for Coinbase’s operations, potentially
Cryptocurrency analyst and trader Rekt Capital recently shared a compelling insight into Bitcoin’s price trend. He highlighted that BTC seems to be following a historical price pattern from eight years ago, during a previous bull cycle. This revelation suggests that Bitcoin could be on the verge of significant growth in the upcoming months. The 2016