Month: January 2024

Better Markets CEO urges SEC to reject spot Bitcoin ETFs

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Dennis M. Kelleher, co-founder and CEO of Better Markets, wants the U.S. Securities and Exchange Commission (SEC) to reject all applications for spot Bitcoin exchange-traded products (ETPs).  In a Jan. 5 letter to the SEC, Kelleher argued that the approval would expose millions of American investors to fraud and manipulation, which the SEC is mandated to prevent, leading to “massive investor harm.” He expressed his fears in the context of a recent report by blockchain security firm Scam Sniffer that revealed more than 324,000 crypto users fell prey to fraud…

DCG pays $1b in short-term loans, Genesis gets $700m

In a significant move towards financial stability, Digital Currency Group (DCG) announced that it completed the payoff of all short-term loans, totaling over $1 billion. Genesis received some $700 million of that sum. DCG — a major player in supporting emerging financial systems — plans to forge ahead as it pledges dedication to financial obligations. Last month, DCG founder Barry Silbert stepped down from the Grayscale board. The move preceded expectations of a decision on a spot Bitcoin ETF from the U.S. Securities and Exchange Commission (SEC). Silbert’s resignation, disclosed…

VanEck’s Head Of Research Says BlackRock Has $2 Billion In Investments Lined Up

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VanEck’s Head of Research, Matthew Sigel, recently hinted that the Spot Bitcoin ETF of the world’s asset manager, BlackRock, could see a record-breaking amount of inflows upon launch. This comes as an approval order by the Securities and Exchange Commission (SEC) looks imminent.  BlackRock’s Bitcoin ETF Could See Inflows Of Over $2 Billion Sigel mentioned on an X (formerly Twitter) space hosted by the media platform, The Block, that he heard from a reliable source that BlackRock has “more than $2 billion lined up in week one.” This investment capital…

CoinsPaid gets hacked again, more than $7m goes missing

CoinsPaid, an Estonian crypto-payments service provider, fell victim to a cyberattack on Friday, Jan. 5, resulting in the theft of roughly $7.5 million in cryptocurrency on the Binance (BNB) and Ethereum (ETH) chains. Real-time security alerts from the Cyvers platform reported the breach via its social media account on X. This isn’t the first time hackers have stolen money from CoinsPaid. Recall how, in July 2023, the company suffered a breach that saw $37.3 million get stolen. The company compensated customers from its reserves. It is unknown who is responsible…

Cardano Surges 245% In Development Activity, Whale Buying Appetite

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According to the latest findings from CryptoDiffer, Cardano (ADA) has significantly outpaced Ethereum (ETH) in terms of average daily developer activity on GitHub over the past month. The data indicates that Cardano has surged ahead with a remarkable 245% lead over Ethereum in this crucial metric. The average daily GitHub commit size for Cardano stands at nearly 450, showcasing a robust and active development environment that is setting a new standard in the blockchain space. Cardano Surges, Dominates GitHub Developer Activity This notable lead by Cardano in developer activity underscores…

XRP, Rebel Satoshi, and Polygon spearhead crypto gains

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. XRP has gained 82% in 2023, and experts expect more growth in 2024. Polygon rose 32% in 2023, with more gains expected.  Rebel Satoshi has surged 100% in the ongoing presale. Altcoins like XRP (XRP) and Polygon (MATIC) have performed well in 2023. As a result, investors have flocked to the market to buy these tokens in anticipation of a bull run in 2024. Meanwhile, Rebel Satoshi (RBLZ), an upcoming meme…

Dogecoin Whales Are Moving Millions Of Dollars

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On-chain data from whale transaction tracker Whale Alerts has revealed multiple transfers of Dogecoins changing hands between unknown whales and crypto exchanges Binance and Robinhood. Large whale transfers such as this one, which collectively amounted to 1.88 billion DOGE tokens throughout the week, tend to catch investors’ attention over their motives. But this elaborate shuffle between whales could be attributed to the approaching DOGE-1 space mission to take Dogecoin to the moon. Dogecoin Whales Transfer Millions Of Dollars Whale Alert showed whales moving large transfers to and from Binance, Robinhood,…

Analyst highlights key signal for XRP; NuggetRush and Beam start strongly in 2024

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Based on a historic bullish pattern, the XRP price may rally by 100% Beam starts 2024 on a bullish note.  NuggetRush has sold over 133 million tokens. NUGX prices are up 50% from $0.010 to $0.015. A crypto analyst, CryptoInsightUK, believes XRP may surge, rising by 100%. Meanwhile, NuggetRush (NUGX) and Beam are leading other altcoins in their latest price surge. NuggetRush: crypto for beginners in 2024 NuggetRush is a…

Crypto Market Witnesses $2.5 Billion Inflow Following Recent Downturn

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The past week was largely defined by the Bitcoin price climbing above $45,800 for the first time in over 20 months, marking a great start to the year. However, the premier cryptocurrency soon experienced a sharp price pullback due to negative news about the BTC spot (ETF).  Interestingly, the latest on-chain data has revealed that investors seem not to have completely lost faith in Bitcoin, the largest cryptocurrency by market capitalization. $2.5 Billion Flows Into Crypto Market Following Bitcoin Crash In a post on the X platform, crypto analyst Ali…