In a social media post, Mark Karpelès, the former CEO of the now-defunct cryptocurrency exchange Mt. Gox, provided a status update on the recent situation. He assured followers that “everything is fine with MtGox” and revealed that the trustee is currently moving coins to a different wallet in preparation for a distribution that is expected […]
Crypto asset trading firm QCP Capital has forecasted a potential 60% increase in the price of ether, projecting it could surge to around $ 6,000 if the U.S. approves spot ethereum exchange-traded funds (ETFs). The prediction coincides with a significant increase in market volatility and intense anticipation leading up to the ETF approval deadline. …
As the crypto landscape evolves, a significant tightening in bitcoin’s available supply on exchanges has emerged, hinting at just nine months of reserves left. Bybit’s latest halving report unveils the reasons behind this tightening grip, indicating a looming scarcity that could reshape market dynamics. Bitcoin Faces Unprecedented Supply Squeeze as Exchange Reserves Plummet According to […]
The U.S. Securities and Exchange Commission (SEC) has met with officials from major exchanges to discuss spot bitcoin exchange-traded funds (ETFs). Sources close to the proceedings say the securities regulator could begin notifying issuers of spot bitcoin ETF approval on Friday and trading could begin as early as next week. “SEC is giving final comments […]
Bitcoin’s value has surged by 23% against the U.S. dollar in the past month, but a vast array of altcoins have seen even more substantial gains, outpacing BTC’s monthly rise. Such trends in smaller market cap coins have sparked proclamations on social media platforms, heralding the arrival of the much-anticipated “Alt Season.” Additionally, an uptick […]