“This market will resolve to ‘Yes’ if any spot Bitcoin ETF receives approval from the SEC by January 15, 2024, 11:59:59 PM ET. Otherwise, this market will resolve to ‘No,’” conditions of the bet say. “The primary resolution source for this market will be information from the SEC, however, a consensus of credible reporting may also be used.” Source
Against the falling Bitcoin (BTC) exchange rate, the daily liquidation volume on the crypto market approached $700 million. Traders liquidated $698 million worth of positions in the last 24 hours, according to Coinglass data. Source: Coinglass The majority came from BTC, $11.1 million, with the vast majority coming from short positions. Ethereum (ETH) became the second most popular asset for liquidation, with traders liquidating $5.57 million worth of positions, most of which came from long. Source: Coinglass Positions were mainly liquidated on crypto exchanges Binance, OKX, and Bybit. The most…
ENS, which stands for the Ethereum Name Service, witnessed a phenomenal increase of more than 50% in the value of its governance token on Wednesday. The abrupt increase in price may be ascribed to the influential endorsement provided by Vitalik Buterin, one of the co-founders of the Ethereum blockchain. Investors were energized and the ENS token reached unprecedented heights as a result of Buterin’s unequivocal declaration concerning the project’s importance. Buterin’s Endorsement: ENS And Ethereum’s Future With Buterin calling ENS “super important”, the project’s potential influence on the Ethereum community…
The U.S. Securities and Exchange Commission (SEC) may begin notifying the public of results of the spot Bitcoin (BTC) ETFs shortly. According to a Jan. 3 report in Fox Business, sources familiar with the matter say the first announcement of the approval of spot Bitcoin ETFs could come on Jan. 5, with trading beginning as early as next week. The news comes after an earlier Matrix report published on Jan. 2 predicted the SEC would deny applications. In their opinion, approvals will not happen until — at the earliest —…
The SEI token from the Sei Network has witnessed a remarkable 80% increase in value in the past week, as most of the leading cryptocurrencies drown in red amid wild speculations about the approval of a Bitcoin ETF by the US Securities and Exchange Commission that wobbled the market. SEI’s strong performance today has put its governance token at the top of the crypto 100 listing on Coingecko. The coin’s rally has been driven by the growing adoption of Ethereum Virtual Machine-compliant blockchains and the implementation of parallelization processes. An EVM,…
Tron price is holding gains above the $0.1050 support against the US Dollar. TRX is outperforming Bitcoin and could rise further above $0.1105. Tron is moving higher above the $0.1050 resistance level against the US dollar. The price is trading above $0.1065 and the 100 simple moving average (4 hours). There is a key rising channel forming with support at $0.1052 on the 4-hour chart of the TRX/USD pair (data source from Kraken). The pair could continue to climb higher toward $0.1105 or even $0.1200. Tron Price Regains Strength Recently,…
Etherscan, the premier Ethereum block explorer, has officially acquired Solscan, a leading block explorer for the Solana ecosystem. This acquisition, announced on January 3, 2024, marks a significant milestone in the evolution of blockchain technology and data services. Etherscan, founded in 2015, has been a cornerstone in the crypto space, renowned for its independent and pioneering role. Its latest move to acquire Solscan is seen as a strategic expansion to enhance its service offerings across multiple blockchain networks. Solscan, since its inception, has been a pivotal player within the Solana…
Ethereum price tumbled and spiked below $2,000 on Kraken. ETH is now recovering above the $2,200 level, but the bears might be active near $2,300. Ethereum started a major decline and dived below the $2,200 support. The price is trading below $2,300 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance near $2,300 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if there is a clear move above $2,290 and $2,300. Ethereum Price Nosedives Ethereum…
Here, we look at the current state of cryptocurrency regulations and talk to experts on what to expect in 2024. As we step into the new year, analysts expect to see a surge in regulatory clampdowns in the crypto space. The rules will expand to cover anti-money laundering and counter-terrorist financing risks, the conduct of companies operating in the crypto space, and supervisory actions concerning token sales. In the U.S., the tempo of regulatory actions shows no signs of abating; likewise, the UK has introduced a set of rules equating…
Overview Truflation is an innovative financial data service offering real-time economic and inflation data through blockchain technology. This platform has been designed to provide more accurate and transparent inflation data compared to traditional methods like the Consumer Price Index (CPI). Truflation, launched with its initial reports in December 2021, is an independent data service aimed at delivering real-time inflation calculations. Unlike the CPI, which is calculated by the Bureau of Labor Statistics (a U.S. government agency), Truflation is a private service that updates its methodology annually, using modern consumer and…