In tandem with the broader downturn of the cryptocurrency market this week, the non-fungible token (NFT) sector also experienced a downturn in sales over the preceding seven days. From March 9 to March 16, 2024, the NFT market witnessed sales amounting to $358,080,260, a decline of 16.55% from the previous week. NFT Sales Decline Across […] Source
Two US Senators have recently expressed concerns to the Securities and Exchange Commission (SEC) regarding the approval of further crypto exchange-traded funds (ETFs). Senators Jack Reed and Laphonza Butler, in a communication with SEC Chair Gary Gensler, highlighted the potential risks to retail investors, specifically citing the possibilities of fraud and manipulation in markets for smaller cryptocurrencies. They emphasized the findings of a FINRA survey, revealing that 70% of brokers’ interactions with retail investors breached fair disclosure norms, with misleading comparisons of cryptocurrency to cash and inadequate explanations of risks.…
Asset management firm Grayscale Investments has updated its application for an Ethereum spot ETF (exchange-traded fund) with the United States Securities and Exchange Commission (SEC). Ethereum Spot ETF Case Just As Solid As Bitcoin’s, Grayscale Argues According to a recent post on X by Craig Salm, Grayscale’s chief legal officer, the asset management firm has revised its 19b-4 form for an Ether spot ETF. Salm claimed that this move was “important” in an effort for Grayscale to list and trade shares of its Ether Trust on the New York Stock…
In recent times, the cryptocurrency landscape has experienced a widespread decline, yet the digital asset bitcoinsv, known for its associations with Craig Wright, has seen the most significant weekly downturn within the crypto sphere, dropping 18.9% versus the U.S. dollar in seven days. This decline in bitcoinsv’s value closely follows the verdict by U.K. Judge […] Source CryptoX Portal
XRP continues to show strength despite largely underperforming during the ongoing bull market. Interestingly, the crypto witnessed a surge in activity last week, with trading volume surging in tandem. Particularly, the trading volume saw an increase of over 80% recently. However, the boost in activity and trading volume has not necessarily translated into continuous price growth, as XRP is currently on a 13% percent correction from the $0.74 price level on Monday. XRP Trading Volume Surges, But Will Price Follow? XRP witnessed a surge earlier in the week which saw…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Today, confidentiality is ingrained in our online interactions and ensures that sensitive information stays private and secure. From online payments, such as Venmo, to enterprise supply chains, multiple facets of our digital world rely on the confidentiality of data. As web3 evolves from a concept into a reality, the need for on-chain composable confidentiality remains a significant barrier to its widespread adoption. While decentralization and transparency are…
Aptos Labs, the team behind the layer-1 blockchain, has entered into a partnership agreement with Google Cloud to expand game offerings with web3 capabilities. Google Cloud, known for its expansive cloud services, has broadened its roster of blockchain partners with a focus on integrating gaming into the web3 landscape. This time, the internet giant partnered with Aptos Labs, known for its work on the Aptos blockchain, according to a press release shared with crypto.news. Under the collaboration, Google Cloud added support for Aptos’ latest venture dubbed “Aptos GameStack,” which is…
The recent market plunge has sent shockwaves through the crypto industry, resulting in hundreds of millions in dollars being wiped out in a matter of hours. The price of Bitcoin has retreated violently to a weekly low of $67,500 after a few days of showing remarkable advances and setting new all-time highs. The altcoins have experienced a significant decline as well, resulting in nearly 200,000 traders making liquidations during the last 24 hours. The weekend brought a tremor to the cryptocurrency market, with a sudden price correction causing short-term panic…
The Hong Kong securities regulator has labelled the crypto platform Bybit an unlicensed virtual asset trading platform (VATP). The regulator has also added Bybit’s products to its alert list of suspicious investment products. The Hong Kong regulator also advised the public to stop patronizing unlicensed entities. Regulator Threatens Enforcement Action The Hong Kong Securities and […] Source CryptoX Portal
Bitcoin (BTC) has drawn much attention in the last few weeks, with a stunning price surge leading to a new all-time high of $73,750. Largely defined as the pre-halving rally, BTC’s bolstering gains have been followed by significant price correction, with the crypto market leader trading as low as $65,630 on March 15. While the cryptocurrency may have picked up some minor gains in the last 12 hours as it attempts a market recovery, popular analyst Michaël van de Poppe has released a disturbing prediction that indicates Bitcoin price correction…