ARK Investment Management and 21Shares have proposed an investment vehicle called the ARK 21Shares Ethereum ETF, which aims to provide exposure to Ether and is currently under review by the SEC.
Crypto lender Celsius Network has filed a complaint against EquitiesFirst Holdings in an attempt to recover $439 million in cash and bitcoin owed to them, after failing to return collateral in 2021.
XRP emerges as the most traded asset on top South Korean cryptocurrency exchanges, indicating sustained interest in the fifth-largest cryptocurrency by market capitalization.
The Financial Accounting Standards Board (FASB) has approved rules for accounting for the fair value of companies' cryptocurrency holdings, allowing them to record financial recoveries from increasing crypto prices but also increasing volatility in earnings.
Ripple Labs is partnering with SBI Remit to provide international remittances to the Philippines, Vietnam, and Indonesia using XRP, allowing citizens in those nations to receive remittances in their native currencies.
Shiba Inu (SHIB) price has dropped by 23% in the last week due to technical issues with the Shibarium L2 launch and concerns of potential exploitation risks, causing holders to reduce transactional activity; however, trading activity suggests a potential bullish reversal with strategic traders piling up purchase orders, indicating market demand for SHIB, and the price may consolidate around $0.000008 before another breakout.
Major cryptocurrencies like Bitcoin, Ethereum, and Solana have already reached their lowest points of the cycle, according to former ARK Invest executive Chris Burniske, who predicts that the long-term uptrend for these digital assets will persist into 2024 and 2025 despite potential market fluctuations.
Bitcoin's longest-ever period of negative year-over-year returns is coming to an end, according to Dan Morehead, founder of Pantera Capital, who believes that the market can only stay down for so long. Despite last week's downturn, Bitcoin is currently up over 20% from the previous year, and positive catalysts such as the XRP court ruling and endorsements from asset managers could further boost its value, along with the upcoming halving in April 2024. Morehead's models suggest Bitcoin could reach around $35,500 by the halving and nearly $150,000 by late 2025.
The US government is suing Elon Musk's SpaceX over allegations of discrimination in hiring asylees and refugees, violating the Immigration and Nationality Act.
Bitcoin (BTC) remained relatively unchanged this week with a price of around $26,000, while the crypto market saw developments such as increased Bitcoin mining difficulty, negative reports on Binance, and the integration of USD Coin (USDC) on multiple blockchains. Additionally, there were updates on regulations, legal matters, crimes, and NFTs.
Former Celsius CEO Alex Mashinsky's bank accounts and property have been frozen by a federal judge following a motion from the US Justice Department, as he faces criminal and civil charges related to his involvement in the now-defunct platform.
Genesis Global Capital (GGC) has filed two lawsuits seeking repayment of overdue loans totaling over $600 million from affiliated companies Digital Currency Group (DCG) and DCG International Investments (DCIG), both owned by DCG.
Despite its recent poor price performance, XRP still exhibits bullish tendencies on the weekly chart, with the Golden Cross intact and the potential for a bullish trend if it bounces off the 50 EMA level; however, caution should be exercised as the Golden Cross has shown limitations and is not a reliable standalone indicator.
BlackRock's entry into the cryptocurrency market through a proposed ETF has attracted attention, but its interactions with the SEC indicate potential challenges ahead.
A joint policy paper by the IMF and FSB advises against blanket bans on cryptocurrency and instead recommends targeted restrictions and sound monetary policy to mitigate risks, highlighting that global stablecoins pose a greater risk to financial stability than other cryptocurrencies.
Global money transfer company Western Union is entering the world of cryptocurrencies by exploring the integration of Ripple's blockchain technology and XRP, a move that highlights its commitment to innovation in the ever-changing financial landscape. This announcement comes as other financial institutions and remittance companies also adopt Ripple's solutions for cross-border payments, driving demand for XRP and boosting its value.
Ethereum co-founder Vitalik Buterin has published a research paper proposing privacy pool systems that use zero-knowledge proofs to allow users to prove dissociation from illicit funds, potentially enabling financial compliance on-chain in the future.
The co-founder of Dogecoin, Billy Markus, revealed that he used Twitter to help create the meme cryptocurrency, and with Elon Musk's rebranding of the platform as X app, there is speculation about whether DOGE payments will be introduced on Twitter's new platform.
Bitcoin and other cryptocurrencies remain stable with low volatility, indicating a decline in investor interest in the crypto market.
The recent downturn in the cryptocurrency market, marked by a 10% decline in total market capitalization and significant liquidations on futures contracts, can be attributed to various economic factors such as rising interest rates and inflation, as well as regulatory concerns and financial difficulties within the industry, with the future trajectory of the market being influenced by these factors.
The Drug Enforcement Agency (DEA) lost over $55,000 in seized cryptocurrency to a common scam after falling victim to a crypto address spoofing attack. The scammer was able to trick the DEA by airdropping a fake address that resembled the real one used by the United States Marshals Service, resulting in the agency mistakenly sending the funds to the scammer's account. The scammer then converted the funds into ether and moved them to a new wallet, with over $425,000 received since June, and over $300,000 of that amount being moved in the last three weeks. The FBI is leading the investigation into the theft.
The Shiba Inu ecosystem's new Shibarium blockchain is attracting new users as its total addresses reach a new record of 3.56 million, with over 260,000 transactions already processed on the Layer 2 blockchain.
Crypto spot trading volume is at its lowest level since March 2019, indicating a lack of market activity and suggesting that the current market is driven by speculation.
The Shiba Inu dog that inspired the Dogecoin meme, Balltze, has passed away while the future of Dogecoin remains uncertain, while the Shiba Inu community continues to make progress. Additionally, the project Everlodge aims to tokenize real estate and promote financial inclusion through its fractional ownership model.
A court ruling that declared Ripple's XRP token not a security offering may signal a shift in the US legal system's approach to cryptocurrency regulation and ongoing SEC lawsuits.
The Shiba Inu development team has updated the Puppyscan testnet explorer for Shibarium, improving the user experience and increasing anticipation for the public relaunch of the mainnet. Additionally, there has been a significant increase in wallet addresses and total transactions on the Puppynet beta network.
Ripple (XRP) price remains below $0.55 due to bearish market sentiment, but on-chain indicators suggest XRP is undervalued and could experience a 20% rebound if transactional activity increases and long-term investors continue to hold.
Texas-based mining firm Riot Platforms received $31.7 million in energy credits from the state's grid operator for ceasing operations during a heatwave, which is worth three times more than the Bitcoin it actually mined in August.
Former FTX Digital Markets co-CEO Ryan Salame is reportedly planning to plead guilty to criminal charges related to his alleged involvement in illicit activities at the failed cryptocurrency exchange, following the examples of other executives tied to FTX.
Altcoin Sherpa, a prominent analyst, warns against hasty investments in Dogecoin (DOGE) and Shiba Inu (SHIB) due to their potential downtrends and uncertainties in the current crypto landscape.
Caroline Pham, a member of the Commodity Futures Trading Commission (CFTC), has recommended the creation of a limited pilot program for regulating cryptocurrencies in order to support the development of compliant digital asset markets and tokenization.
Atari is releasing the Atari 2600+, a modernized version of the iconic game console, which can play classic cartridges as well as new ones, and comes with an HDMI port, widescreen support, and a bundle of 10 classic games.
Coinbase's new Base blockchain, which operates as a layer-2 network atop Ethereum, has gained significant traction with its application Friend.tech attracting over 100,000 users and generating $25 million in fees, pushing its total value locked past $200 million and its transactions per second above Ethereum and rival layer-2 projects Arbitrum and Optimism.
Bitcoin's price dropped below $26,000, losing most of its gains from the previous day, as both cryptocurrencies and traditional markets experience a significant downtrend.
CryptoSlate Alpha is a web3 membership that provides valuable insights and knowledge, while Access Protocol allows users to access paywalled content by staking ACS tokens.
The FBI has determined that the $41 million hack of crypto gambling site Stake was carried out by North Korean hackers Lazarus Group, who have stolen over $200 million in cryptocurrency this year.
Crypto analyst Ben Armstrong recommends XRP, Chainlink, and Dogecoin as the top three altcoins to accumulate during a market downturn, citing their strong potential and future prospects.
Crypto wallet MetaMask has introduced a new feature that allows users to sell their Ethereum (ETH) and convert it into US dollars, euros, or British pounds by directly sending the crypto to their bank or PayPal accounts.
The founders of Tornado Cash, Roman Storm and Roman Semenox, have been charged and arrested by the US government for laundering over $1 billion and violating sanctions.
Dogecoin price is currently bearish, but there is potential for a recovery with a target price of $0.08, as indicated by a double bottom pattern and positive technical indicators.
Dogecoin miners have been accumulating a significant amount of DOGE over the past month, indicating their optimism for a potential price rally, while long-term investors have also increased their holdings, further boosting confidence in the cryptocurrency's future.
