The recent turbulent events in the cryptocurrency market have left investors reeling from the sharp decline in Bitcoin prices. After enjoying a period of remarkable gains and record highs, Bitcoin has plummeted to a weekly low of $65,000, signaling a significant setback for those who have invested in the digital currency. As of the latest
The price of Bitcoin has experienced significant volatility towards the end of the week, with a notable drop of $8,000. However, it has managed to recover some of those losses since then. This rollercoaster ride in the crypto market has also impacted several altcoins, including AVAX, BNB, SOL, and APT, which have emerged as top
The Bitcoin futures market is currently showing signs that have historically indicated bullish sentiment. Analysts are closely monitoring the Bitcoin futures basis, which represents the difference between the futures price of Bitcoin and its spot price. Recent data has revealed a significant increase in this basis since Bitcoin hit its all-time high of $69,000 in
Grayscale, a prominent asset management firm, has made significant amendments to its regulatory filing in an effort to convert its Ethereum Trust into a spot exchange-traded fund (ETF). The latest update, which was filed on March 15, builds upon the company’s original filing and enhances it in various ways. One of the key aspects of
In a surprising turn of events earlier this year, Binance Labs, the venture capital and incubation arm of the world’s leading crypto exchange, Binance, appears to have undergone a significant restructuring. The changes, as indicated on the Binance Labs website, point towards the entity operating independently from the Binance Group. This move comes during CEO
Paul Grewal, the Chief Legal Officer at Coinbase, recently criticized a letter written by U.S. senators Jack Reed and Laphonza Butler, urging the Securities and Exchange Commission (SEC) to impose stricter regulations on Bitcoin exchange-traded funds (ETFs) and to refrain from approving further cryptocurrency ETF applications. In a rebuttal on a March 15 X thread,
The world of virtual and augmented reality is on the cusp of a revolution, and leading the charge is 5thScape ($5SCAPE). This groundbreaking project has already raised an impressive $1.15 million in its presale, signaling the immense potential it holds in transforming the way we experience VR and AR. At its core, 5thScape aims to
In a surprising move, Binance decided to spin off its $10 billion venture capital arm, Binance Labs, into an independent entity. This decision, spearheaded by the exchange’s new CEO, Richard Teng, marks a significant shift in direction for the organization. With Teng at the helm, Binance Labs is now operating autonomously, no longer under the
Federal prosecutors have made a significant request for a prison sentence of 40 to 50 years for FTX founder Sam Bankman-Fried (SBF) following his conviction for conducting a financial fraud involving misappropriation of over $8 billion of customer funds. The prosecutors have detailed SBF’s fraudulent activities and the impact of his actions, portraying him as
Analysts at private wealth management firm, Bernstein, have once again reiterated their bold prediction for Bitcoin’s price, stating that they believe the cryptocurrency has a strong chance of reaching $150,000 by the year 2025. This reaffirmation comes after their initial forecast in November 2023, when they first made the prediction. At that time, Bitcoin was
