Author: Crypto News

Last updated: May 14, 2024 18:08 EDT | 2 min read A recent influx of investor disclosures has Bitwise, one of the United States’ leading Bitcoin ETF providers, “incredibly bullish” on BTC.The Top Institutional Bitcoin ETF OwnersIn a recent memo, Bitwise CIO Matt Hougan reviewed some of the newly uncovered Bitcoin ETF buyers, who have revealed their allocations as part of mandatory 13F filings with regulators in recent weeks. I find the 13F filings for bitcoin ETFs extraordinarily bullish for the long-term future of bitcoin. I wrote about why in my latest CIO Memo: https://t.co/8WrNV5SXtj pic.twitter.com/GJC8PEXZkQ — Matt Hougan (@Matt_Hougan)…

Last updated: May 14, 2024 17:59 EDT | 3 min read Bitcoin Price PredictionBitcoin is currently trading at $61,500, with a 24-hour trading volume of $28.28 billion. The cryptocurrency has dropped about 2.25% in the past day. Ranked first on Cryptonews, Bitcoin boasts a market cap of $1.21 trillion, with a circulating supply of 19,698,325 BTC and a maximum supply of 21,000,000 BTC.The U.S. Spot Bitcoin ETF market has seen a significant $66 million inflow, marking a reversal from the outflow trend observed over the past two days. This surge is led by Fidelity’s FBTC, highlighting renewed investor interest in…

Last updated: May 14, 2024 16:37 EDT | 3 min read XRP Price Prediction with Binance Futures Halting XRP as Margin Asset – Time to Sell XRP? / Source: TradingView The XRP (XRP) price continues to languish to the south of its 21DMA near $0.50, not helped by the news that Binance will discontinue support for the use of XRP as a margin asset for trading, with traders asking whether now might be the time to sell XRP.Binance users will now no longer be able to use XRP in as margin in the Multi-Assets Mode. 🤔 Binance Futures will discontinue…

Last updated: May 14, 2024 15:47 EDT | 1 min read One of the largest pension funds in the United States disclosed on Tuesday a $162 million allocation to the nation’s leading Bitcoin spot ETF products launched earlier this year.Per a 13F filing with the Securities and Exchange Commission (SEC), the State of Wisconsin Investment Board (SWIB) held $99 million in the iShares Bitcoin Trust (IBIT) as of March 31.Major Pension Fund Buys BitcoinIt also held $63 million in the Grayscale Bitcoin Trust (GBTC), which is BlackRock’s largest competitor in terms of size but also charges a much heftier 1.5%…

Last updated: May 14, 2024 15:10 EDT | 2 min read Coinbase Chief Legal Officer Paul Grewal strongly criticized the US Securities and Exchange Commission (SEC) on May 14 regarding the Debt Box case. He also called on other crypto exchanges to query the SEC’s previous actions, considering the far-reaching implications for the sector.Coinbase Legal Officer Questions SEC “Wells Notice” StrategyIn a thread on X, the Coinbase legal officer stated that the SEC had deviated from its typical Wells Notice process in its case against Debt Box, a cryptocurrency company it sued in 2023. In a brief to avoid dismissal…

Last updated: May 14, 2024 13:22 EDT | 2 min read Ethereum-based meme coins are bullish again, energized by the return of Roaring Kitty, the trader known for sparking the GameStop frenzy.One such ETH-based coin is GME, which is currently experiencing a surge and analysts are now predicting that another token could be the next to make headlines.This article will provide an analysis of GME’s current price trends and look to see whether an innovative new meme coin, Dogeverse, represents a more promising investment opportunity at this time. Due to @TheRoaringKitty’s return on Twitter, many #MEMEcoins named $GME were created,…

Last updated: May 14, 2024 13:03 EDT | 2 min read Source: Adobestock Tether is continuing to monitor and punish illicit activities. On May 14, it identified and froze USDT worth $5.2 million in an effort to enforce strict network controls and combat money laundering.The illicit funds were first flagged by blockchain tracking platform MisTrack. The frozen USDT were distributed across 12 Ethereum (ETH) wallets, flagged as “USDT Banned Addresses.” The funds were suspected to have been laundered from numerous phishing schemes.Frozen USDT Indicates Tether’s Effort to Combat Illicit ActivityTether’s proactive measures to combat illicit activities in the cryptocurrency industry…

Last updated: May 14, 2024 11:12 EDT | 2 min read BlockDAG is making headlines around the globe, transforming iconic landmarks into dazzling displays of its revolutionary blockchain technology. From the vibrant lights of London’s Piccadilly Circus to the bustling streets of Tokyo and the entertainment capital, Las Vegas, BlockDAG is on display and captivating an international audience.With such global stages, BlockDAG’s market presence is skyrocketing, backed by forecasts of hitting a $30 target by 2030 as it reaches presale batch 12. Amid these developments, Floki (FLOKI) and Injective (INJ) also continue to shape the dynamic landscape of cryptocurrency, each…

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Last updated: May 14, 2024 08:37 EDT | 3 min read The upcoming UK election is swaying towards Labour, but likely won’t change the trajectory of the Conservative’s crypto legislation efforts.Since it was elected in May 2010, the Conservative Party has implemented measures to foster a positive crypto environment.In 2022, Rishi Sunak announced the vision for UK Crypto in the global financial market. The intention was to make the UK a “global hub for crypto assets technology.”Something that the UK has since been working towards. In June 2023 UK parliament voted to recognize Crypto as a financial instrument, allowing it…