Day: January 19, 2024

HTX Services Restored After Exchange Hit by DDoS Attack: Justin Sun

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CryptoX is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CryptoX was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…

Cardano To $7? Analyst Predicts When ADA Will Resume Uptrend

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An analyst has explained that if history repeats for Cardano, its price could resume its uptrend and rally to $7. Here’s when this could happen. Cardano Could Follow Same Price Trajectory As Back In 2020 In a new post on X, analyst Ali has discussed how ADA’s latest consolidation phase has been mirroring its trend from late 2020. Below is the chart that the analyst has shared for the cryptocurrency. The trend in the price of the asset over the last few years | Source: @ali_charts on X As Ali…

Justin Sun’s HTX Services Restored After Exchange Hit by ‘DDoS’ Attack

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…

Why Did The Bitcoin Price Fall Below $41,000?

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Bitcoin dropped below $41,000 in the last 24 hours before making a recovery to rise above that level once again. This has become the current reality of the flagship crypto token’s price, which has continued to decline since the Spot Bitcoin ETFs were approved. This is surprising considering that these funds were projected to help boost Bitcoin’s price upon launch.  Why Bitcoin’s Price Could Be Dipping Bloomberg analyst James Seyffart provided insight into what could be the reason for Bitcoin’s declining price as he revealed that Grayscale’s GBTC has experienced…

Direxion submits five leveraged spot Bitcoin ETF applications

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Financial products provider Direxion has filed to register five Bitcoin (BTC) ETFs. Bloomberg analyst James Seyffart reported that on Jan. 18, Direxion filed to register five leveraged Bitcoin ETFs with the U.S. Securities and Exchange Commission (SEC). Direxion’s documents show plans to create Bitcoin funds with long leverage of 1x, 1.5x, and 2x, and one for each fund with short leverage. Leveraged ETFs are exchange-traded funds structured to mirror the daily returns of an underlying index. Bloomberg ETF analyst Eric Balchunas also noted in a commentary that leveraged Bitcoin ETFs could…

No More Than 50% Chance of Spot Ether ETF Approval By May, JPMorgan Says

Since the BTC ETF narrative gripped the market last year, traders have been looking at ether as the next likely candidate to get a spot ETF approval in the U.S. Reflecting this sentiment is the discount to net asset value (NAV) for the Grayscale Ethereum Trust (ETHE), which has been contracting since the summer, and has lingered around 12% over the last two months, according to JPMorgan. Source

Spot Bitcoin ETFs secure another 10,600 BTC in fifth-day trading surge

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Spot Bitcoin exchange-traded fund issuers accumulated an additional 10,667 Bitcoin (BTC) to their holdings by the fifth trading day, paralleling an uptick in trading volumes. According to data from the X account CC15Capital Bitcoin worth approximately $440 million was acquired by funds taking part in recent ETF approval. BlackRock’s ETF made the most considerable purchase with 8,700 BTC on Jan. 17, valued at nearly $358 million. Collectively, nine ETFs, excluding Grayscale, have amassed close to 68,500 BTC since their inception, now valued at around $2.8 billion. The recent acquisitions of…

Hong Kong’s Venture Smart Financial to launch spot Bitcoin ETF in Q1

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Venture Smart Financial Holdings Limited, a financial services firm based in Hong Kong, is set to introduce its spot Bitcoin exchange-traded fund (ETF) in the city in Q1. Brian Chan, the group head of investment and product at Venture Smart Financial, shared in an interview with Bloomberg that the company aims to accumulate up to $500 million in assets under management by the end of 2024, recognizing the immense potential in the market. “It’s a market that has huge potential. Our goal is $500 million in assets under management by…

ICO fines financial services company £50k for spam text messages

Financial services company LADH Limited has been fined £50,000 by the Information Commissioner’s Office (ICO) for sending tens of thousands of spam text messages, in breach of Privacy and Electronic Communications Regulations (PECR). Over a six-week period from March to April 2022, LADH Limited sent more than 31,000 text messages without valid consent. Most of these unwanted text messages did not offer an opportunity for the recipients to opt out, which is also unlawful. The ICO served LADH Limited with an enforcement notice to stop sending direct marketing messages without…