Crypto exchange Bittrex’s U.S. shutdown, approved in a bankruptcy court, marks the end of its American operations. The company sought Chapter 11 bankruptcy protection in May, following charges from the Securities and Exchange Commission (SEC) for operating an unregistered exchange. A court filing revealed that Judge Brendan Shannon greenlit the company’s revised liquidation plan to […]
Bitcoin’s price recently attempted to surpass the $34,500 mark but faced resistance, indicating a potential for a significant downside correction if it closes below the 100 hourly SMA. Bitcoin is currently struggling to break the $35,000 resistance, trading above $34,200 and the 100 hourly Simple Moving Average. On the hourly BTC/USD chart (data feed from […]
Bitcoin and Ether Options Trading Reaches Record Highs of $20 Billion Amid ETF Excitement According to Deribit, options valued at $4.5 billion are scheduled to expire this Friday. The total value of open positions for bitcoin and ether options on Deribit has exceeded $20 billion. The growing interest in options indicates a more sophisticated market. […]
Previously it was reported that the electric car manufacturing company, Tesla (TSLA), was known to have not carried out Bitcoin transactions for two consecutive quarters. Based on the company’s latest financial report, it shows that Tesla had digital assets worth USD 184 million as of June 30, the same amount as at the end of […]
n a significant development for the crypto industry, the election of Rep. Tom Emmer as House Speaker has emerged as a promising sign of potential support within the US legislative framework. Emmer, renowned as the US Congress’ ‘Crypto King’ due to his deep understanding and advocacy for the budding industry, secured the GOP’s nomination for […]
The price of Bitcoin (BTC) surged sharply to near USD 35,000 in the last 24 hours, marking an increase of more than 10 percent. This happened thanks to the latest developments regarding Bitcoin ETFs. This is the first time since May 2022 that the Bitcoin price has moved above the USD 34,000 mark. This event […]
On October 23, 2023, an anonymous crypto analyst named Bluntz suggested that Solana (SOL) is gearing up for a substantial breakthrough. With a significant following of 225,200 on social media, Bluntz is confident that SOL is poised for growth against both Bitcoin (SOL/BTC) and the US dollar. Bluntz’s optimism stems from SOL’s recent price movements, […]
Bitcoin, Ethereum, and Dogecoin saw a remarkable surge recently, with Bitcoin hitting the significant $30,000 mark. Data from CoinGlass revealed over $65 million worth of shorts were liquidated in the past day alone, contributing to a total of $98 million in liquidations. The crypto market cap stands at $1.11 trillion, indicating a 3.29% increase over […]
The United States Treasury Department’s Office of Foreign Assets Control (OFAC) has sanctioned a Gaza-based cryptocurrency exchange company suspected of having ties to the Palestinian militant group Hamas. On Wednesday, October 18, 2023 OFAC announced they were imposing sanctions on 10 key entities believed to be associated with Hamas, including its members, operatives and financial […]
Bankrupt crypto exchange FTX submitted an amended proposal to return up to 90 percent of creditor holdings held on the exchange before it went bankrupt in November 2022. Quoted from Yahoo Finance, Wednesday (18/10/2023), the debtor group currently overseeing the bankruptcy process will officially submit a plan no later than December 16 2023 to the […]
