Day: May 18, 2024

Genesis Global can distribute billions to creditors: judge

Genesis Global, the digital assets lender that went bankrupt last year, received court approval to pay billions in cash and crypto to creditors. According to Bloomberg, on May 17, Southern District of New York Judge Sean Lane confirmed Genesis’ Chapter 11 repayment plan, including a structure for returning crypto assets to creditors. This decision paves the way for Genesis to return customer assets locked on the platform since it paused withdrawals in November 2022. Bankrupt crypto lender Genesis won court approval of its plan to distribute billions of dollars in…

Crypto Analyst Says ETFSwap (ETFS) Will Lead The 2024 Bull Run Ahead Of Dogecoin (DOGE) And Shiba Inu (SHIB) – Blockchain News, Opinion, TV and Jobs

A crypto analyst has predicted that ETFSwap (ETFS) will lead the upcoming 2024 bull run, potentially surpassing Dogecoin (DOGE) and Shiba Inu (SHIB).  A crypto analyst has unveiled the next crypto project set to lead the 2024 bull run, outpacing prominent cryptocurrencies like Dogecoin (DOGE) and Shiba Inu (SHIB). According to this analyst, ETFSwap (ETFS) has positioned itself as a frontrunner in the upcoming bull market, garnering the attention of institutional investors and crypto enthusiasts alike.  Dogecoin (DOGE) Volatility Points To Stagnation According to data from IntoTheBlock, Dogecoin (DOGE) has…

AGIX Sustains Momentum Above 100-Day Moving Average

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AGIX is one of the leading AI tokens in the crypto space with a total supply of 2 billion, and a total trading volume of over $105 million, which is over 11% down in the last 24 hours. For over two days, the price of AGIX has been holding strong above the 100-day Simple Moving Average (SMA). The token which has been on a downward ally for quite some days, is showing some signs of price reversal and if this happens a change of direction might occur and the price…

Humanity Protocol hits unicorn status, nabs $30m

More crypto startups are raising seed rounds and pre-A funding. Below, we look at some of the main beneficiaries of last week’s venture capital (VC) activities. Humanity Protocol gets $30-million boost Humanity Protocol, a decentralized identity solution, has reached unicorn status with a $1 billion valuation. This milestone came after securing $30 million in a seed round led by Kingsway Capital.  Other investors included Animoca Brands, Blockchain.com, Hashed, Shima Capital, and 20 more industry leaders. According to a Medium post by Humanity Protocol, the funds will be used to expand…

Why Did Bitcoin Just Jump 10%? Blockchain Firm Weighs In

The cryptocurrency market has been on a hot streak in the past few days, with several large-cap assets posting significant gains in the past week. Most notably, the Bitcoin price bounced back from around $61,000 to above $67,000 for the first time in nearly a month. As expected, this latest price movement has sparked a lot of speculation and discussion around the premier cryptocurrency. Popular blockchain analytics firm CryptoQuant has shared on-chain insights into the recent Bitcoin price rally and its future trajectory. How Did Bitcoin Price Reach $67,000? In…

Tether Adds Fresh $1 Billion USDT To Supply, Bitcoin To Rally Again?

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According to data from CoinMarketCap, Bitcoin rose by 2.9% on Friday to trade above $67,000 for the first time since April 24. This positive price performance by the maiden cryptocurrency has been attributed to the low inflation levels reported in the latest Consumer Price Index (CPI) data.  However, Bitcoin is an asset subject to the influence of several forces. According to a report by blockchain analysis platform LookonChain, BTC may soon experience another price rally following an increase in the supply of a specific stablecoin. Can USDT Replicate Surging Effect…

SEC targets Ripple’s stablecoin; What to expect from Bitcoin & this new AI altcoin in May?

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Ripple, known for its XRP token, is back in the headlines, but this time, it’s about their upcoming stablecoin launch.  Yep, you heard right. Ripple’s planning to drop its own stablecoin later this year, but it looks like they’ve caught the watchful eye of the SEC. Brad Garlinghouse, Ripple’s CEO, isn’t shy about calling out what he sees as the U.S. government’s overreach, especially concerning Tether, the giant in…

ADA Price Surge Could Push Ratio Of Holders In Loss Below 55%

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Cardano (ADA), the proof-of-stake blockchain network known for its smart contracts, has defied recent predictions of a fall from the top 10 cryptocurrency rankings by market cap. In a surprising move, ADA has instead become the top performer among major coins, experiencing a 7% surge in the last 24 hours. This price action has ignited discussions about ADA’s potential to revisit its 2021 glory days, when it reached a peak of $3.10. Related Reading A Tale Of Two Whales: Retail Accumulation Vs. Profit Taking The recent price increase can be…

Is crypto regulatory clarity impossible? Asia doesn’t think so

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The United States government’s recent actions against crypto giants like KuCoin and Binance have put it on notice and cast an ominous shadow over the industry. With regulators ramping up crypto enforcement in the North American market, startups and founders are looking overseas to find friendlier climates that will support the growth of their projects.  When evaluating investments, user engagement, product expansion, and government acceptance, Asia is…