Cryptocurrencies News
- Ibrahim Ajibade
After another successful appeal from Do Kwon’s legal team, Montenegro’s High Court will once again decide whether to extradite the Terraform Labs co-founder to the United States or South Korea.
- Ibrahim Ajibade
Ethereum price surged above $3,850 twice in the last 48-hours, as bullish investors front-run influx of funds into the newly-approved ETH spot ETFs.
- Bob Mason
ETH stole the show, with the SEC approving the first 19b-4 application, while the US BTC-spot ETF market extended its inflow streak to three weeks.
- Ibrahim Ajibade
In a landmark decision on May 23, 2024, the U.S. Securities and Exchange Commission (SEC) has approved the first Ethereum Exchange-Traded Funds (ETFs).
- James Hyerczyk
The slight decrease in initial claims, combined with the stability in the insured unemployment rate, indicates that the labor market is holding steady.
- James Hyerczyk
Waller’s critical stance on the recent progress reflects a cautious optimism, grading the inflation report as “C-plus.”
- Ibrahim Ajibade
Ethereum prices received a remarkable 20% boost on May 20 as media reports suggests an imminent approval of ETH spot ETF by the US SEC.
- James Hyerczyk
Fed officials remain cautious on rate cuts, focusing on inflation. Despite April’s data, a June rate cut is unlikely; markets eye September.
- Bob Mason
US inflation and retail sales figures raised investor expectations of a September Fed rate cut, driving buyer demand for BTC and the broader crypto market.
- Ibrahim Ajibade
Crypto News Today: U.S. Senate votes against SEC crypto rule, CME Group plans spot Bitcoin trading, and JPMorgan reports a drop in Bitcoin mining costs. Stay updated on the latest developments in cryptocurrency. In today’s crypto news, the U.S. Senate votes to overturn an SEC rule affecting banks’ dealings with
- Ibrahim Ajibade
Spot bitcoin exchange-traded funds in the U.S. reported a total daily net inflow of $257.34 million on Thursday, recording a fourth consecutive day of inflows. Blackrock’s IBIT ETF Leads the Way with $94M Inflows BlackRock’s IBIT, the second largest in terms of net asset value, saw the largest amount of
- Ibrahim Ajibade
The crypto market entered a mild-correction phase on May 16 after pulling in over 100 billion capital inflows in the last 24-hours. As institutional involvement in crypto grows, Vanguard, Microstrategy and Blocktower dominated the headlines with varying landmark events. Vanguard’s New CEO Rules Out Spot Bitcoin ETF Launch Salim Ramji,
- James Hyerczyk
The April CPI reading is hinting at easing inflation, however, the Fed is expected to hold rates steady despite investor optimism.
- Ibrahim Ajibade
Billionaire Mark Cuban responded to former 2024 Republican presidential candidate Donald Trump’s courting of crypto in a Friday social media post, claiming that crypto will play a large role in the 2024 election. “If Joe Biden loses, there is a good chance you will be able to thank Gary Gensler and
- Ibrahim Ajibade
PEPE has showcased some impressive performance over the last few days, with the memecoin now steadily closing in on its all-time high.
- Bob Mason
The US BTC-spot ETF market saw modest inflows in the week ending May 10, with Fed policy uncertainty and intensifying SEC scrutiny testing buyer demand.
- Ibrahim Ajibade
Binance Hit with $4.3 Million Fine in Canada Canadian financial regulators levied a C$6 million ($4.3 million) fine against leading cryptocurrency exchange Binance citing two separate “administrative violations” of the country’s financial regulations. The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), the nation’s financial intelligence unit, said in
- Ibrahim Ajibade
The US SEC has maintained Ripple should pay close to $2 billion in fines for selling XRP to institutional investors, in response to a $10M counter-proposal.
- Ibrahim Ajibade
FTX customers are poised to recover all of the money they lost when the firm collapsed in 2022 plus interest accoriding to bankruptcy lawyers.
- Ibrahim Ajibade
Binance CEO Richard Teng says the Nigerian government has made a “dangerous precedent” for all companies worldwide following the detention of the exchange’s two employees. The arrest of two mid-level employees following their invitation to collaborate on policy meetings in Nigeria sets a “dangerous new precedent for all companies worldwide,” Binance CEO Richard Teng