Day: May 7, 2024

SEC’s Gensler Emphasizes Crypto Regulation Amid Industry Crackdown

The U.S. Securities and Exchange Commission (SEC) is intensifying its scrutiny of the cryptocurrency industry, with Robinhood Crypto being the latest to receive a notice of potential enforcement action. SEC Chair Gary Gensler discussed the agency’s focus on crypto during an appearance on CNBC’s “Squawk Box,” where he was interviewed by host Aaron Ross Sorkin. […]

Robinhood’s Stance Against SEC Scrutiny Intensifies

Robinhood CEO Vlad Tenev has openly criticized the Securities and Exchange Commission (SEC) as the regulatory body intensifies its scrutiny over cryptocurrency practices. On Friday, Robinhood Crypto, a division of the retail trading platform, disclosed receiving a Wells Notice, signaling potential enforcement actions related to its crypto operations. This announcement places Robinhood Crypto in a […]

Bitcoin ETFs Surge with Renewed Investor Interest

Is Bitcoin exchange-traded fund (ETF) fever making a comeback? Recent financial activities suggest so. After a period marked by significant outflows, Bitcoin ETFs are experiencing a resurgence as investors enthusiastically return to these products. According to data from Farside Investors, every single fund reported positive inflows yesterday, accumulating a total of $217 million. This trend […]

Poloniex Hacker Moves Millions in Ether to Sanctioned Mixer

In a significant development in the world of cryptocurrency security, a hacker responsible for the theft of $125 million from Poloniex’s hot wallets in November has recently mobilized a portion of the stolen funds. Blockchain data reveals that the hacker sent 1,100 ether (ETH), valued at approximately $3.3 million, to the controversial and sanctioned coin […]

The New Arena for Crypto Twitter’s Heavyweights

The latest buzz in the crypto community centers around a unique game: Fantasy Top. This innovative platform has turned the social media engagement of crypto influencers into a competitive sport, where players use Ethereum NFT trading cards on the Blast scaling network to win crypto and in-game prizes. Fantasy Top has quickly become a hit, […]

Exodus Wallet’s Innovative Leap to NYSE with Blockchain-Powered Stocks

Exodus Movement, known for its popular Exodus Wallet, has received approval to list its common stock on the New York Stock Exchange (NYSE), marking a significant milestone in the integration of traditional finance with blockchain technology. On Monday, the company announced that its stock, traded under the ticker EXOD, will soon be available on NYSE […]

Bitcoin Accumulation Signals Market Confidence

Bitcoin’s selling pressure has significantly decreased in recent months, indicating a shift among long-term investors towards retaining their holdings, as noted by Glassnode’s latest analysis. The “Value Days Destroyed (VDD) Multiple” has experienced what Glassnode’s lead analyst, James Check, describes as an “epic cooldown.” This on-chain metric, which assesses the spending behavior of Bitcoin relative […]

Market Trends: Bitcoin and Meme Coins’ Performance Analysis

Bitcoin is currently trading at $63,330, marking a -1.5% dip in the last 24 hours as it begins to recover from last week’s decline. The broader cryptocurrency market mirrors this trend, with meme coins experiencing significant fluctuations. These coins often see substantial gains in bullish markets but suffer losses when the bears dominate. Among the […]