Deltec Bank and Trust Ltd, based in The Bahamas, stands accused of covertly extending a $2 billion line of credit to Alameda Research. A lawsuit, filed by those who claim to be victims of Sam Bankman-Fried, accused Deltec of granting a three-day grace period to Alameda Research for the settlement of purchased stablecoins. Misappropriation of […] Source CryptoX Portal
Global asset management firm, Bernstein has expressed confidence, foreseeing a fairly strong chance of the United States Securities and Exchange Commission (SEC) approving an Ethereum Spot ETF. SEC Ethereum Spot ETF Approval Imminent In a February 19 research report, Bernstein analysts Gautam Chhugani and Mahika Sapra disclosed that Ethereum, the world’s second-largest cryptocurrency, may be the only digital asset after Bitcoin, to win an ETF approval from the US SEC. Following the approval of Spot Bitcoin ETF, many crypto enthusiasts anticipated Ethereum as the next in line for an ETF.…
The price of ether, the native token to the Ethereum network, rose past $3,000 for the first time since April 2022 on Monday, continuing a recent hot streak. Source
South Korea’s ruling political party and its opposition party are making poll promises related to crypto ahead of the national elections later this year scheduled for April 10. Source
Ether, the second-largest cryptocurrency by market value, reached levels not seen for almost two years on Monday as investors anticipated approval of spot ether exchange-traded-funds (ETFs) in the U.S. Ether (ETH) climbed to $2,984 yesterday, the highest level since April 26, 2022, according to data from TradingView. Ether is now hovering around $2,933. In the short term, analysts expect ETH to move higher, possibly reaching $3,600. “We are very close in this move to levels around $3,150-$3,300,” said Kenny Hearn, SwissOne Capital’s chief investment officer. “The next level after that…
The annual report is based on a panel of over 2,100 adult respondents from all walks of life, notably a tiny sample size in a country of more than 26 million. Yet, the report provides a significant sense of how the nation views cryptocurrencies. For example, the report reveals that general awareness of cryptocurrency among Australians has reached a new high of 95%, up from 92% in 2022. Original
The strategy will earn maximum profit if bitcoin falls to $47,000 on the expiry day. The forecast, therefore, is for prices to drop in the next few weeks but not below $47,000. The payoff diagram shows a maximum profit at the center and a fixed loss in case prices breach the two ends, mimicking the body of a butterfly. Hence, the strategy is called a “butterfly” bet. Original
In a new technical analysis shared on X, crypto analyst Egrag outlined a potential trajectory for XRP that could signal a staggering 1,350% increase in price. Egrag’s forecast hinges on the application of the Fibonacci Speed Resistance Fan (FSRF), a tool often used by seasoned traders to predict key levels of support and resistance. The FSRF is a charting technique that derives from the core principles of Fibonacci analysis, which is grounded in the mathematical relationships expressed by the Fibonacci sequence. The FSRF involves drawing three trendlines from a significant…
With an initial total supply of 10 billion tokens, the fully diluted value (FDV), the theoretical market capitalization if the entirety of its supply were in circulation, of STRK stands at $35 billion. However, the actual market cap, which is the current circulating supply multiplied by the current price, is at $2.32 billion. Source
An Australian police officer recently appeared in a Melbourne court where he faced charges of stealing 81.616 bitcoins from a crypto wallet seized from drug traffickers. After initially blaming the drug traffickers,’ the Australian Federal Police later reopened the case after an expert found evidence linking the theft to a former police officer. The accused […] Source CryptoX Portal