COPA, which is backed by Jack Dorsey and Coinbase, among others, put the question directly when it filed suit in 2021. Then, over several weeks in a U.K. court, the group was able to systematically prove to the court that Wright had been forging documents, spewing lies and filing costly and wasteful lawsuits for years. Source
Bitcoin (BTC) is adding to gains alongside ETH’s advance, now higher by more than 5% and just shy of the $70,000 mark. Also on the move is the Grayscale Ethereum Trust (ETHE), a closed-end fund that Grayscale has proposed converting into a spot ETF. It’s recently been trading at more than a 20% discount to net asset value as investors bet against SEC approval, but is now higher by more than 23% on Monday. Original
An analyst has explained how profit-taking looks to have finished for Bitcoin in what has been a “very healthy reset” for the market. Bitcoin SOPR Suggests Profit-Taking From Investors Has Cooled Off In a new post on X, analyst Willy Woo has discussed about the latest trend occurring in the Bitcoin Spent Output Profit Ratio (SOPR). The SOPR is an on-chain indicator that basically tells us about whether the Bitcoin investors as a whole are selling their coins at a profit or loss right now. When the value of this…
An executive of US-based crypto exchange Kraken is denying previous reports that the company is planning to pull the plug on leading stablecoin Tether (USDT) in the European Union (EU). Reports of Kraken reviewing its USDT support come amid concerns that the EU may ban the largest stablecoins – USDT, USDC, and BUSD because they do not comply with the Markets in Crypto-Assets (MiCA) regulations. In a statement on social media platform X, Kraken’s global head of asset growth and management business Mark Greenberg dismisses claims that the company is…
A U.K. High Court judge has ruled that American computer scientist Craig Wright lied and committed forgery during his trial. In a written judgment published on Monday, Justice James Mellor ruled that Wright committed perjury during the six-week COPA v Wright trial, where he contended that he was Bitcoin creator Satoshi Nakamoto. Mellor concluded that Wright used fraudulent documents to make false assertions. “It is clear that Dr. Wright engaged in the deliberate production of false documents to support false claims and use the Courts as a vehicle for fraud,”…
Crypto analyst CrediBULL Crypto recently warned that Chainlink (LINK) could experience a 50% to 60% drop in its price. However, based on his explanation, LINK holders may not have cause to worry as such a price drop is part of the crypto token’s growth. Why Chainlink Will Experience A Price Drop CrediBULL Crypto explained in an X (formerly Twitter) post that a “50-60% drawdown is normal, natural, and healthy” given that Chainlink has experienced ten months of up only and a 4x rally.” The analyst expects this price drawdown to…
A Monday rally during the U.S. trading day put an end to what had been very muted crypto price action over the previous 72 hours, pushing bitcoin (BTC) above $68,000 for the first time in more than five weeks. At press time, the world’s largest crypto was changing hands at $68,250. Source
Bitcoin is rising, recently breaking above $67,000, and heading towards the all-important $70,000, a psychological round number. One analyst took to X amid this uptick, noting that whales holding over 1,000 BTC are not moving their coins to exchanges. Instead, they likely expect prices to spike higher in the coming days and weeks. Though movements over the weekend were muted, the extension earlier today is overly bullish for optimistic traders. As BTC prices edge, coin holders (and sometimes whales) usually take profits, especially if gains are shaky and not as…
Grayscale Investments CEO Michael Sonnenshein has resigned from the asset manager amid mass investor departures from the firm’s GBTC ETF. On May 20, the Wall Street Journal reported that Peter Mintzberg will replace Sonnenshein as the company’s head in August. Mintzberg is a financial veteran with decades of experience as Goldman Sachs’s global head of strategy for the bank’s asset management operations. Grayscale did not immediately respond to commentary requests from crypto.news. The development comes on the heels of a possible trend reversal for Grayscale’s converted GBTC fund, which saw…
Amidst a significant surge displayed by Dogecoin (DOGE) recently, popular crypto analyst Crypto Daily Trade Signals has identified a symmetrical triangle pattern in the price movements of the crypto asset, indicating a possible continuation of the present rising trend. Based on the expert analysis, Dogecoin, which has attracted a lot of attention and interest from investors lately, may be preparing to build on its current momentum and make more gains. Significance Of Dogecoin Symmetrical Triangle Pattern A symmetrical triangle chart pattern is a consolidation phase that precedes a forced breakout…