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Citing FTX Connections, DOJ Withdraws from Selecting NY Law Firm for Binance Oversight

Citing FTX Connections, DOJ Withdraws from Selecting NY Law Firm for Binance Oversight

Due to the firm’s previous work for rival exchange FTX, the Department of Justice (DOJ) is apparently rethinking its decision to award a significant assignment pertaining to Binance to a well-known New York legal firm. The Financial Crimes Enforcement Network (FinCEN) of the Treasury Department and the Department of Justice (DOJ) required court-ordered supervision for … Read more

$73 million is coming into BlackRock’s Bitcoin ETF while other funds are stagnant

$73 million is coming into BlackRock's Bitcoin ETF while other funds are stagnant

The only spot Bitcoin fund in the US to have inflows on the first day of the week is BlackRock’s Bitcoin exchange-traded fund (ETF); other ETFs have reported either withdrawals or zero inflows. Data from Farside Investors indicates that on April 15, net inflows into the iShares Bitcoin Trust (IBIT) totaled $73.4 million, a reduction … Read more

Analyst Projects 30% Bitcoin Correction to $51K, Reviving the Bear Market Blues

Analyst Projects 30% Bitcoin Correction to $51K, Reviving the Bear Market Blues

With the crypto market downturn continuing and digital assets continuing to dump, the bull market exuberance seems to have abruptly stopped. The well-known market expert “Cold Blooded Shiller” said on X on April 16 to his 269,000 followers that Bitcoin is “still the cloud that hangs over crypto.” Although Bitcoin has dropped 15% from its peak … Read more

Ethereum Whales Show Unwavering Confidence: Keep Adding to ETH Despite Recent Dip

Ethereum Whales Show Unwavering Confidence: Keep Adding to ETH Despite Recent Dip

Whales of Ethereum (ETH) have started buying in bulk, with huge wallet holders amassing sizable holdings of the cryptocurrency. This action is a reaction to the recent decrease that most cryptocurrencies had over the weekend, including ETH. Analysts had anticipated that Ethereum was in a strong position to surpass its previous all-time high before to … Read more

FSCA Greenlights South Africa 59 Crypto Licenses

FSCA Greenlights South Africa 59 Crypto Licenses

The Financial Services Commission of South Africa (FSCA) has granted licenses to 59 bitcoin establishments that want to cater to the local populace. Only 199 of the 493 license applications that the FSCA received were complete, according to reports, leaving 262 pending. The FSCA’s regulatory body set a deadline of November 30th for cryptocurrency exchanges … Read more

Bitcoin ETF snapshot: The price increase of BTC stops last week due to outflows

Bitcoin ETF snapshot: The price increase of BTC stops last week due to outflows

Last week, net withdrawals from US spot bitcoin ETFs occurred, which has only happened twice in the three months since the funds’ inception. According to BitMEX Research statistics, the 11-fund category lost $83 million in assets between April 8 and April 12. This is in contrast to net inflows of $485 million the week before. … Read more

Pepe Price Forecast: Is This a Dip-Buying Opportunity as PEPE Drops 30% Before Bouncing?

Pepe Price Forecast: Is This a Dip-Buying Opportunity as PEPE Drops 30% Before Bouncing?

In the last 24 hours, the price of PEPE has increased by 1%, edging closer to $0.000005576 on a day when the cryptocurrency market has gained 4%. The meme currency has dropped by 25% in the last week and by 34% in the last thirty days, so this modest comeback is insufficient to undo PEPE’s … Read more

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