Author Alexander Stefanov

US Bitcoin ETFs See Continued Positive Flow, While Ethereum Funds Struggle

On Tuesday, U.S. Bitcoin exchange-traded funds (ETFs) saw a notable influx, with $88.06 million in net inflows.

21.08.2024 17:00 1 min. read Alexander Stefanov

Binance and CEO Zhao in Hot Water: New Lawsuit Raises Serious Concerns

A class action lawsuit has been initiated against Binance and its CEO, Changpeng Zhao, in the U.S. District Court for the Western District of Washington.

21.08.2024 16:30 1 min. read Alexander Stefanov

Tron (TRX) Surge by More Than 10% – Here is Why

Tron (TRX) recently bucked the trend of declining altcoins with a notable increase of up to 12%, pushing its price above $0.16, the highest it’s been since May 2021.

21.08.2024 16:00 1 min. read Alexander Stefanov

OKX to Delist Multiple Trading Pairs on August 29

OKX has announced the removal of several trading pairs to enhance market liquidity and streamline the trading process.

21.08.2024 15:30 1 min. read Alexander Stefanov

Tron’s New Initiative is an Incredible Success

The Tron network has recently reached a significant financial milestone following the launch of its latest initiative – SunPump.

21.08.2024 15:00 2 min. read Alexander Stefanov

Bitcoin (BTC) Mining Costs Soar Amid Rapid Growth

BitFuFu, a cloud mining firm affiliated with Bitmain, has released its unaudited financial results for the second quarter of 2024, ending June 30.

21.08.2024 14:30 1 min. read Alexander Stefanov

Bitcoin Transfer from Mt. Gox to Bitstamp Suggests Imminent Payout

It appears that Mt. Gox has moved approximately $75.36 million worth of Bitcoin to a Bitstamp wallet, potentially signaling an upcoming payout to creditors.

21.08.2024 14:00 1 min. read Alexander Stefanov

State Street Partners with Taurus to Enhance Digital Asset Services

State Street has announced a strategic partnership with crypto custodian Taurus to enhance its offerings in tokenization and digital custody services for institutional investors.

21.08.2024 13:30 2 min. read Alexander Stefanov

Michael Saylor Outlines Key Factors for Bitcoin’s Potential Price Boom

Bitcoin has made impressive strides recently, including the approval of a spot BTC ETF and a new all-time high earlier this year.

21.08.2024 13:00 2 min. read Alexander Stefanov

Bitcoin Amsterdam 2024 Returns to Westergas

Amsterdam, Netherlands – August 14, 2024 – The Bitcoin Amsterdam 2024 conference is set to take the stage once again at the iconic Westergas venue on October 9-10, 2024.

21.08.2024 12:47 2 min. read Alexander Stefanov

U.S. Presidential Candidate is Considering Dropping out of 2024 Race

The independent presidential campaign of Robert F. Kennedy Jr., known for his pro-crypto stance, is considering a major change.

21.08.2024 12:30 2 min. read Alexander Stefanov

BRICS: World Reserves in US Dollars Hit Historic Lows

The central banks of many developing countries are increasingly diversifying their reserves away from the US dollar and into gold and local currencies.

21.08.2024 12:00 2 min. read Alexander Stefanov

German Authorities Target Illegal Crypto ATMs in Nationwide Raid

German authorities have seized $28 million in cash and 13 cryptocurrency ATMs in a major nationwide crackdown on unauthorized activities.

21.08.2024 11:30 2 min. read Alexander Stefanov

Gemini to Delist Terra Luna Classic and Other Cryptocurrencies

Crypto exchange Gemini has revealed plans to remove Terra Luna Classic (LUNC) from its platform, according to information shared with those close to the matter.

21.08.2024 11:00 1 min. read Alexander Stefanov

Blast Network Faces Severe Drop in TVL and User Activity

Blast Network, an Ethereum layer-2 scaling solution, is experiencing significant setbacks, with major declines in both its total value locked (TVL) and daily active users, raising doubts about its long-term viability.

21.08.2024 10:30 1 min. read Alexander Stefanov

Here is How a Crypto Billionaire’s Portfolio Looks Like

Justin Sun, the founder of Tron and a prominent figure in the cryptocurrency realm, is once again capturing attention.

21.08.2024 10:00 2 min. read Alexander Stefanov

Cardano’s Next Major Upgrade to Launch on August 27

Tim Harrison, Vice President of Community and Ecosystem Communications at IOHK, the company behind Cardano, has revealed that the first phase of the Chang hard fork is likely to launch on the mainnet on August 27.

21.08.2024 9:30 1 min. read Alexander Stefanov

Top Hedge Funds Increase Investments in Bitcoin ETFs

A growing number of top hedge funds are investing in Bitcoin ETFs, with 60% of the largest 25 firms now holding these assets, signaling a broader acceptance of cryptocurrencies by institutional investors.

21.08.2024 9:00 1 min. read Alexander Stefanov

Tether Mints Over $33 Billion in USDT Across Tron and Ethereum

Blockchain data reveals that Tether, the company behind the stablecoin USDT, has created over $33 billion worth of USDT in the past year.

21.08.2024 8:30 1 min. read Alexander Stefanov

BlackRock Becomes Third-Largest Bitcoin Holder With Almost 350,000 BTC

BlackRock has rapidly expanded its Bitcoin holdings, now owning close to 350,000 BTC, making it the third-largest holder globally, behind only Satoshi Nakamoto and Binance, according to blockchain data.

21.08.2024 8:00 2 min. read Alexander Stefanov

Justin Sun Transferred $156 Million Worth of Bitcoin to Binance – Here’s Why

It’s being reported that Tron (TRX) founder Justin Sun is likely exchanging BTC for WBTC.

21.08.2024 7:00 1 min. read Alexander Stefanov

Analyst Sees Bitcoin Following Nikkei Patterns, Predicts $1 Million by 2027

A popular crypto analyst known as TechDev has observed that Bitcoin’s price trends seem to follow patterns similar to the Nikkei 225, a Japanese stock market index that tracks major companies on the Tokyo Stock Exchange.

20.08.2024 21:00 1 min. read Alexander Stefanov

Mango Markets Offers Settlement to SEC Over Alleged Violations

Mango Markets is negotiating a potential settlement with the U.S. Securities and Exchange Commission (SEC) over claims of breaching securities regulations.

20.08.2024 20:30 1 min. read Alexander Stefanov

Yen Strength Could Impact Bitcoin and Crypto Markets, Warns Analyst

Crypto investors should prepare for possible market turbulence following a recent warning from Wendy O, a leading crypto analyst.

20.08.2024 20:00 2 min. read Alexander Stefanov

Jupiter Alerts Users to New Solana Wallet Scam

Jupiter, a decentralized exchange aggregator, has issued a warning about a new fraudulent browser extension that targets Solana users.

20.08.2024 19:30 1 min. read Alexander Stefanov

Shaquille O’Neal Faces Legal Battle Over NFT Promotion

Former NBA star Shaquille O’Neal is facing legal scrutiny in an ongoing class-action lawsuit involving Astral NFTs.

20.08.2024 19:00 1 min. read Alexander Stefanov

SEC Halts Solana ETF Filings, Delaying Approval Process

The SEC has recently raised concerns about Solana’s classification as a security, leading to the withdrawal of 19b-4 filings for Solana ETFs from the Cboe BZX exchange.

20.08.2024 18:30 1 min. read Alexander Stefanov

Hong Kong Lawmaker Proposes Regulation for DAOs After Court Case

Hong Kong legislator Johnny Ng has proposed establishing a legal framework to regulate decentralized autonomous organizations (DAOs), aiming to boost the web3 sector in the region.

20.08.2024 18:00 1 min. read Alexander Stefanov

Former Bank CEO Sentenced to 24 Years for Crypto Fraud

Shan Hanes, the former CEO of Heartland Tri-State Bank (HTSB), has been implicated in a major fraud scheme involving cryptocurrency, resulting in the bank’s collapse.

20.08.2024 17:30 1 min. read Alexander Stefanov

Bitcoin Expected to Rise with Increased Dollar Supply, Says Strike CEO

Jack Mallers, CEO of the Bitcoin payment platform Strike, expects that recent federal actions will positively impact Bitcoin’s value.

20.08.2024 17:00 1 min. read Alexander Stefanov

Crypto Wallet Moves Bitcoin Stash After a Decade of Inactivity

A Bitcoin wallet that had been dormant for 10.8 years recently moved 24 BTC, marking a significant gain.

20.08.2024 16:30 1 min. read Alexander Stefanov

US Government Accumulating Bitcoin Could Pose Risks, Warns Expert

Real Vision’s Raoul Pal has expressed concerns about the implications of the US government accumulating significant amounts of Bitcoin (BTC).

20.08.2024 16:00 1 min. read Alexander Stefanov

Eurozone Inflation Slightly Rises to 2.6% in July 2024

In July 2024, inflation in the eurozone increased slightly to 2.6%, up from 2.5% in June.

20.08.2024 16:00 1 min. read Alexander Stefanov

Bitcoin ETF Trading Volume Hits February Lows Amid Market Uncertainty

The trading activity for spot Bitcoin ETFs in the U.S. has notably declined, reaching its lowest levels since early February.

20.08.2024 15:30 1 min. read Alexander Stefanov

XRP Rises as Whale Activity Declines and Demand Grows

XRP price has climbed back to $0.60, marking its first return to this level in 10 days with a 7.74% increase over the past day.

20.08.2024 15:00 1 min. read Alexander Stefanov

Gate.io and Abu Dhabi Blockchain Center Launch $100 Million Web3 Fund

Gate.io’s investment arm, Gate Ventures, has partnered with Abu Dhabi’s Blockchain Center to create a new $100 million fund, named Falcon Gate Ventures, aimed at advancing Web3 technologies.

20.08.2024 13:30 1 min. read Alexander Stefanov

Polygon Executive Highlights $30 Trillion Opportunity in Tokenized Assets

In a recent interview with Cointelegraph, Colin Butler, Polygon’s global head of institutional capital, highlighted the vast potential of tokenized real-world assets (RWAs), estimating the global market opportunity at $30 trillion.

20.08.2024 13:00 2 min. read Alexander Stefanov

Indian Investor Arrested in BitConnect Kidnapping Case

In a dramatic development highlighting the extent of cryptocurrency fraud, Shailesh Babulal Bhatt from Gujarat, India, has been detained for his involvement in the kidnapping of two individuals linked to Satish Kumbhani, the founder of the notorious BitConnect platform.

20.08.2024 12:30 1 min. read Alexander Stefanov

Bitcoin’s Potential Rise Tied to Weakening U.S. Dollar, Analysts Say

Analysts suggest Bitcoin could solidify its role as digital gold, but this shift may impact the U.S. economy.

20.08.2024 12:00 1 min. read Alexander Stefanov

Will Jerome Powell Hint at Major Rate Cuts This Friday?

As the Jackson Hole Economic Symposium approaches, all eyes are on Fed Chair Jerome Powell’s upcoming speech.

20.08.2024 11:30 2 min. read Alexander Stefanov

Ethereum Gas Fees Reach New Low as ETH Price Struggles

Ethereum gas fees have recently dropped to their lowest level in five years, even as ETH’s price struggles to show gains.

20.08.2024 11:00 1 min. read Alexander Stefanov

Galaxy Digital Acquires 400 BTC, Boosting Market Optimism

Galaxy Digital, led by Mike Novogratz, has expanded its Bitcoin holdings by acquiring 400 BTC today.

20.08.2024 10:30 1 min. read Alexander Stefanov

Cardano (ADA) Falls Out of Top 10 Cryptocurrencies

Tron has recently surpassed Cardano in market rankings, highlighting a dramatic shift in the blockchain landscape.

20.08.2024 10:00 2 min. read Alexander Stefanov

China Cracks Down on Crypto, Classifies Transactions as Means for Money Laundering

China has intensified its crackdown on cryptocurrency, now classifying crypto transactions as money laundering under a new legal interpretation.

20.08.2024 9:30 2 min. read Alexander Stefanov

Crypto Analyst Predicts Upcoming Market Rally for Altcoins

An analyst known for accurately predicting the 2022 crypto collapse suggests that a token which surged nearly 280% last week might indicate future trends in the altcoin market.

20.08.2024 9:00 1 min. read Alexander Stefanov

Top Italian Bank to Offer Bitcoin Trading to Over 1.3 Million Customers

Banca Sella, the second-oldest bank in Italy, has announced its plans to offer Bitcoin trading.

20.08.2024 8:30 1 min. read Alexander Stefanov

Solana Experiences Record Outflows Amid Declining Interest in Memecoins

CoinShares, a digital assets manager, reports that institutional crypto investors contributed only modest inflows to digital asset investment products last week.

20.08.2024 8:00 1 min. read Alexander Stefanov

Gary Gensler Could Become Secretry of Treasury if Kamala Harris Wins the Election

Gary Gensler, the current head of the U.S. Securities and Exchange Commission (SEC) known for his critical stance on cryptocurrencies, could become Treasury secretary if Vice President Kamala Harris wins the upcoming presidential election, according to a report by the Washington Reporter on Monday.

20.08.2024 7:15 2 min. read Alexander Stefanov

UAE to Launch New Digital Asset Management Platform

The National Bank of Ras Al Khaimah (RAKBANK) has joined forces with Bitpanda Technology Solutions to launch a new digital asset management platform for UAE residents.

19.08.2024 22:00 1 min. read Alexander Stefanov

Polygon to Transition from MATIC to POL on September 4

Polygon is set to transition from MATIC to its new token, POL, on September 4th.

19.08.2024 21:00 1 min. read Alexander Stefanov

Big Institutions Offloading BTC: Massive Deposits Flood Binance

Bitcoin (BTC) has struggled to recover after a sharp decline below $50,000 in early August, amid a downturn in global markets.

19.08.2024 20:00 1 min. read Alexander Stefanov

Binance Futures Launches New Altcoin with 50x Leverage

Binance Futures is introducing SYS trading with up to 50x leverage starting today, August 19, 2024.

19.08.2024 19:00 1 min. read Alexander Stefanov

Australia Initiates a Major Crackdown on Crypto Scams

Australia’s financial regulator, ASIC, has dismantled over 600 crypto scams in the past year, highlighting the evolving use of AI by fraudsters.

19.08.2024 18:00 1 min. read Alexander Stefanov

Bitcoin Supply Shrinks as Holders Refuse to Sell

Recent on-chain data reveals that about 75% of all Bitcoin in circulation has stayed untouched for over six months.

19.08.2024 17:00 1 min. read Alexander Stefanov

Goldman Sachs Reduces Recession Probability Following Economic Data

Goldman Sachs has reduced its forecast for a US recession in the next year to 20%, down from 25%, based on recent economic data.

19.08.2024 16:30 1 min. read Alexander Stefanov

US Household Debt Hits Record High Amid Slowing Consumer Spending

Americans are carrying unprecedented levels of household debt, and one of the nation’s leading banks has issued a warning about a potential decline in consumer strength.

19.08.2024 16:00 2 min. read Alexander Stefanov

Bitcoin Faces Resistance at $60,000 Amid Rising Short Positions

Bitcoin’s recent attempt to surpass $60,000 was met with strong resistance, resulting in a 2.6% drop to $58,450.

19.08.2024 15:45 1 min. read Alexander Stefanov

Tether Has Decided to Integrate USDT Into the Aptos Network

Tether, the issuer of the USDT stablecoin, is expanding its reach by launching USDT on the Aptos blockchain.

19.08.2024 15:30 2 min. read Alexander Stefanov

BRICS Poised to Disrupt Global Finance with New US Dollar-Free Payments System

Central banks and finance ministries within the BRICS nations are exploring the development of a new payments system aimed at bypassing the US dollar, according to recent reports.

19.08.2024 15:00 1 min. read Alexander Stefanov