Bitcoin investors pulled almost $570 million from US-listed spot Bitcoin exchange-traded funds (ETFs) as the asset fell below the psychological $100,000 price level on Jan. 8, leading to the surge in liquidations. On Jan. 8, spot Bitcoin ETFs clocke
Backpack Exchange responded to FTX's claims hours after the bankrupt exchange called the acquisition of its Cyprus entity unauthorised. The latest press release from Backpack emphasised that it has already purchased FTX EU from former insiders, with
The International Monetary Fund (IMF) advised Kenya to create a clear, predictable regulatory environment for the cryptocurrency market to protect consumers and address risks related to Anti-Money Laundering (AML) and Combating the Financing of Terro
Bitcoin price has declined by more than 8.5% over the last four days after briefly returning above the $100,000 level earlier this week. This drop has led to questions on whether this level is the local top for BTC price and, if so, how low can Bitc
Bitcoin just doesn’t seem to be able to catch a break, as the asset slipped below $93,000 on a couple of occasions in the past 12 hours or so.Many altcoins are also in dire situations, with notable price losses from the likes of DOGE, ADA, AVAX, LINK
A Republican state senator in Oklahoma, Dusty Deevers, filed legislation allowing employees and residents in the state to opt to receive salaries in Bitcoin and enable vendors to accept BTC payments.“In a time when inflation is eroding the purchasing
A decline in social media posts and overall sentiment around Dogecoin could signal a buying opportunity for traders, according to crypto analysis firm Santiment.“Crowd sentiment has been near its lowest point over the past year,” Santiment said in a
The Hong Kong Monetary Authority (HKMA) has launched an initiative to assist banks in adopting distributed ledger technology. On Jan. 8, the Hong Kong central bank announced the launch of its “Supervisory Incubator for Distributed Ledger Technology,”
Despite recent declines and volatility, a crypto analyst has declared that the XRP price is on the cusp of breaking out of a bullish flag pattern. According to the analyst, a successful breakout of this bullish flag could result in a massive 50% pric
Bitcoin price sold off again on Jan. 8, forming a bearish engulfing candle on the daily chart. This particular daily drawdown was BTC’s second steepest fall in 19 weeks. With market dynamics inclining toward uncertainty, Bitcoin traders and commenta
A former executive of the world’s largest cryptocurrency exchange expects that Bitcoin could soar higher than the $100,000 level.Former Binance CEO Changpeng Zhao believes that the firstborn cryptocurrency is capable of hitting a higher price point,
Large Bitcoin holders are back to buying huge amounts of the cryptocurrency after its price dove toward the end of 2024 following a record six-figure high, says a Blocktrends analyst.More than 34,000 Bitcoin , currently worth $3.2 billion, has been “
Bankrupt crypto exchange FTX says the acquisition of its European arm FTX EU by crypto exchange Backpack has not been approved by the bankruptcy court, nor has Backpack been authorized to make distributions to FTX creditors.Backpack announced that it
Whale Alert, a prominent crypto and blockchain tracking platform, has spotted a massive DOGE deposit amid the Dogecoin price crash. This enormous deposit, involving over 70 million DOGE tokens, was moved by an anonymous whale to Binance, the world’s
Avraham “Avi” Eisenberg, the individual convicted of fraud and market manipulation related to an exploit of the Mango Markets decentralized exchange, will be sentenced on April 10.In a Jan. 8 filing in the US District Court for the Southern District
Crypto markets slumped for a second day as the US dollar Index (DXY) chased new highs amid rising treasury yields and investors’ concerns over the Federal Reserve’s monetary policy plan. Although the DXY started the week with a 0.92% decline, which w
Today in crypto, Web3 startup Movement Labs is reportedly set to close a $100 million funding round, BitMEX co-founder Arthur Hayes predicted $612 billion in new liquidity to the United States Treasury by March 2025, and Fidelity Digital Assets said
Whales on the Cardano network have accumulated over 10 million tokens in the span of 24 hours as the price of the cryptocurrency started dropping amid a wider crypto market correction.According to data from on-chain analytics firm Santiment shared b
Crypto exchange OKX has warned users of fraudulent OKX browser extension that have appeared on the Firefox browser plugin store. Extensions integrate third-party functionality within a web browser interface.According to OKX, the company has not relea
Immutable X is set to host the next The Wardens game night on January 9th. Participants will engage in “The Mystery Society” and compete for a prize pool of 200 USDC. Refer to the official tweet by IMX: Join the next Game Night on January 9th!Play