Category: Latest news

[ad_1] Bitcoin (BTC) surged past the $70,000 mark on May 21, marking a significant milestone driven by a flood of investment into spot Bitcoin exchange-traded funds (ETFs) and a broader market rally. Bitcoin’s price climbed to $70,325, a 6% increase over 24 hours, before settling at $68,700 as of press time, based on CryptoSlate data.…

[ad_1] A Kraken executive denied the exchange plans to delist Tether’s USDT stablecoin in Europe on May 18. Global Head of Asset Growth & Management Business Mark Greenberg said the company is examining “all options to offer USDT under the upcoming regime.” Greenberg added that the company will follow all legal requirements, including rules that…

[ad_1] The US Bankruptcy Court for the Southern District of New York has approved the $2 billion settlement between Genesis Global and the New York Attorney General and confirmed the Amended Plan of Reorganization for the defunct company and its subsidiaries. The settlement aims to compensate defrauded investors, including 29,000 New Yorkers who invested over…

[ad_1] Quick Take Capriole Investments’ derivatives data offers a unique lens into Bitcoin’s market health. By analyzing Bitcoin perpetual, futures, and options weighted by open interest, Capriole defines a metric that provides valuable insights. Higher values on this metric indicate bearishness, signaling excessive leverage and speculation in the market. Conversely, lower values suggest bullishness, reflecting…

[ad_1] Polimec, a decentralized and community-driven funding parachain, has officially launched on Polkadot and is set to begin its first project evaluation, according to a May 20 statement shared with CryptoSlate. The platform evaluates Web3 projects for potential fundraising, aiming to bring transparency, accessibility, and regulatory compliance to the process. Polimec’s launch marks a new…

[ad_1] US billionaire Frank McCourt is leading a consortium to acquire TikTok and decentralize it using the Decentralized Social Networking Protocol (DSNP) from Project Liberty. TikTok, boasting over 170 million users, is being pressured by the US government to sell due to national security concerns and purported links to the Chinese government. McCourt’s initiative, termed…

[ad_1] Digital asset investment products inflows jumped by 616% week-on-week to $932 million last week, according to CoinShares’ weekly report. This marks the second consecutive week of inflows this month and a return to the impressive numbers recorded during the early period of this year. James Butterfill, CoinShares’ head of research, explained that the substantial…

[ad_1] Grayscale Investments, the world’s largest crypto asset manager, announced the appointment of Peter Mintzberg as its new Chief Executive Officer, effective August 15, 2024. Mintzberg will succeed Michael Sonnenshein, who stepped down from the position after a decade with the firm to pursue other interests. During his tenure as CEO, Sonnenshein guided Grayscale from…

[ad_1] Quick Take Historically, deposits onto exchanges tend to outpace withdrawals, with one notable exception in the past five years occurring during the FTX collapse in November 2022 when withdrawals spiked. Typically, Bitcoin deposit surges correlate with price run-ups, as investors look to sell their holdings. This was evidenced by the over 90,000 BTC deposited…

[ad_1] Jarret Dunn, a former employee of Solana-based memecoin launchpad Pump.fun, is currently on bail in the United Kingdom following his recent arrest. Dunn, also known by his online alias “STACCoverflow,” was apprehended shortly after a significant exploit on the crypto launchpad platform. On May 16, Dunn, through the STACCoverflow social media account, admitted to…