FTX founder bags 25 years jail term, SEC seeks $2b from Ripple, Bitcoin reclaims $70k

Last week saw significant legal developments across the cryptocurrency sector, including Sam Bankman-Fried’s sentencing, regulators’ demanding $2 billion from Ripple, and an indictment against KuCoin.  Concurrently, Bitcoin (BTC) reclaimed $70,000 as spot BTC ETFs recorded inflows. FTX founder sentenced to 25 years FTX founder Sam Bankman-Fried received a 25-year sentence in prison. Shortly before the sentencing, the U.S. Department of Justice (DoJ) submitted a document containing 52 statements from victims of the FTX collapse to underscore the damage done by the company’s former CEO. U.S. SEC demands $2 billion from…

Grayscale Study Pinpoints Bitcoin in Mid-Phase Bull Run, Eyes Future Growth

Amidst a vibrant resurgence in bitcoin’s value, a comprehensive analysis by Grayscale and researcher Michael Zhao sheds light on the anatomy of the current bitcoin market cycle. The study explores whether we are entrenched in a bull run, detailing the driving factors and possible implications going forward. In the Fifth Inning: Measuring Bitcoin’s Current Market […] Original

Shiba Inu Dips Below $0.00003 Again

The $0.00003 price level has remained a critical point for Shiba Inu in the past few days. A recent market tug-of-war between bulls and bears has seen the meme coin particularly struggling to hold above $0.00003 in the past two days. This has led to uncertainty about the crypto’s direction as we break into a new month as a breakdown below the figure could lead to an extended price reversal.  However, the majority of SHIB holders continue to hold onto bullish sentiment as the cryptocurrency is still doing well in…

Reality Check: MATIC Investors Count Losses

Polygon’s native token, MATIC, finds itself at a crossroads as it grapples with price volatility amidst an impending network upgrade and challenges surrounding Total Value Locked (TVL). In the past week, MATIC has witnessed a notable downturn in price, slipping by 4.44% according to data from CoinMarketCap. Despite earlier optimism that drove MATIC close to the $2 mark, the token has encountered resistance at the $1 level, with bullish momentum struggling to gain traction amidst prevailing market conditions. MATIC Investors Feel The Pinch Data analysis from IntoTheBlock paints a mixed…

Retail investors flock to InQubeta AI altcoin; Bitcoin price bounces back

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. InQubeta (QUBE) an emerging AI altcoin is witnessing an influx of investors, amid a resurgence in the Bitcoin price.  Bitcoin’s (BTC) price dropped considerably after setting a new all-time high (ATH) at $73,750, going as low as the $62,000 support level. Its price recently surged as high as $71,000 and it’s now trading above the $68,000 mark.  Over $60 million worth of BTC being liquidated after a new ATH…

Bitcoin halving will bring mass adoption to web3 gaming

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. In recent months, the cryptocurrency sector has been abuzz with anticipation over the impending Bitcoin halving event. We are witnessing the most accentuated pre-halving price pump ever recorded, with Bitcoin breaking all-time highs way ahead of schedule according to the 4-year cycle theory.  This surge has had a noticeable impact on the altcoin market, particularly the web3 gaming sector. Memecoins and AI projects used to dominate the…

Buckle Up, XRP Hodlers: Wild Ride To $100 Incoming, According To This Analyst

XRP, the native token of Ripple, has become a hot topic in the crypto market, not for its recent price surge, but for its lack thereof. Despite a booming market that saw Bitcoin and Ethereum climb significantly, XRP remains stagnant, raising concerns among investors. However, a recent prediction by Andrew Forte, a crypto strategist, has reignited discussions about XRP’s potential, with a target of a staggering $100 per token by 2037. Will XRP Hit $100? While Forte’s prediction is certainly ambitious, it’s not the first time XRP has been touted…

Avalanche In ‘Healthy’ Retreat, Potential Rebound Looms

AVAX, the native token of the Avalanche protocol, presented a mixed experience for investors in the month of March. The altcoin initially rose by over 64% to trade above $65 for the first time since May 2022 before declining by 18.44% in the last two weeks.  Unsurprisingly, AVAX’s price movement has drawn much attention from investors and market experts alike. Notably, a popular crypto analyst with the X handle Rekt Capital has advised against panic, stating the recent decline of the altcoin could prove to be rather beneficial for investors.…