Month: February 2024

Binance to shut down multiple leveraged token listings

Binance has announced the discontinuation of support for certain leveraged tokens associated with Bitcoin, Ether, and BNB, effective Apr. 3. Unveiled on Feb. 19, the decision specifically targets leveraged tokens BTCUP, BTCDOWN, ETHUP, ETHDOWN, BNBUP, and BNBDOWN, all paired with Tether. The exchange will halt trading and subscription services for these leveraged token pairs on Feb. 28 at 06:00 UTC, as stated by Binance. All trade orders for the leveraged tokens that they mentioned will be ‘automatically removed’ on the set date, indicating a firm deadline for users to adjust…

Analyst Identifies Trend As Catalyst To $60,000

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As the entire cryptocurrency market is currently experiencing a notable upward trajectory, several market analysts are anticipating more gains for Bitcoin, the leading cryptocurrency asset, as they predict the token’s price to go even higher. Historical Trend That Will Send Bitcoin To $60,000  Crypto Jelle, a cryptocurrency analyst and investor, has expressed his optimism toward Bitcoin’s price action. Jelle recently shared a positive prediction for BTC in the near future on the social media platform X (formerly Twitter). The expert’s projections delve into the present price movement of Bitcoin and…

FTX Creditors Hit Crypto Exchange’s Legal Counsel With Lawsuit Over Fraud and Civil Conspiracy Allegations

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Creditors of bankrupt crypto exchange FTX have filed a class-action lawsuit against a global law firm providing legal counsel to the former digital asset empire. In a new court filing submitted on February 16th, FTX creditors allege Sullivan and Cromwell (S&C) engaged in civil conspiracy, aiding and abetting fraud, aiding and abetting fiduciary breach and violation of federal laws against racketeering. The New York City-based law firm is overseeing the FTX bankruptcy proceedings and assisted the exchange in several deals, including the acquisition of the crypto derivatives platform LedgerX. The…

Cryptocurrency Exchange Fixedfloat Hacked, Close to $26 Million Lost in BTC and ETH

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Fixedfloat, an automatic cryptocurrency exchange, has been hacked by an unknown attacker who siphoned almost $26 million worth of BTC and ETH. The exchange, which has already acknowledged the attack, is investigating the event and working to eliminate all possible vulnerabilities. Meanwhile, Fixedfloat’s platform remains closed until further notice. Fixedfloat Loses $26 Million in ETH […] Source

Bitcoin Open Interest Reaches $69,000 ATH Levels, What This Means For Price

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The Bitcoin open interest has been on the rise over the last few weeks as the price has climbed continuously. This sustained rise in the open interest is a reflection of the heightened interest in the cryptocurrency since the United States Securities and Exchange Commission (SEC) approved Spot Bitcoin ETFs for trading. The BTC open interest has now climbed to historical levels, reaching 2021 all-time high levels. Bitcoin Open Interest At 2021 Levels According to data from Coinglass, the Bitcoin open interest has risen to more than $24 billion. This…

NEAR Skyrockets 30% – Investors Intrigued By These Metrics

NEAR has consistently followed the market trend since the start of the year. The latest market data shows the token is up nearly 30% bi-weekly. This is evidence that investors are still hyped by the recent growth featured within the broader market and the recent developments on the NEAR Protocol.  Account Aggregation: What’s The Gist?  NEAR is continuing its mission to be the one-all-be-all for entry-level and professional entities within Web 3. Account aggregation, or the consolidation of Web 3 and crypto accounts into one NEAR account, is their current…

Bitcoin (BTC) ETFs See Record $2.4B Weekly Inflows With BlackRock’s IBIT Leading: CoinShares

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Ethereum Technical Analysis: ETH Highlights Resilience Across Several Timeframes

Ethereum started Monday with its price hitting $2,934 per unit, marking a week filled with a strong 14.9% increase. Over the preceding fortnight, the second-leading crypto asset by market cap witnessed a substantial 25.9% upswing. Kicking off this week, ether’s trading volume over the past 24 hours has hovered around $24.74 billion. Ethereum Peering into […] Source CryptoX Portal