[ad_1] ETF news spices up the markets, Coinbase is recruiting a crypto army, and Napster is back in the crypto game. These stories and more, this week in crypto. News on ETFs Moved Markets ETF developments had mixed impacts on crypto markets this week. Ether surged in anticipation of Valkyrie’s forthcoming expansion of its Strategy ETF to offer access to ether futures, along with the bitcoin futures it already offered. However, Bitcoin’s price sputtered as spot Bitcoin ETF reviews faced delays amid looming U.S. government shutdown concerns. Nonetheless, Bitcoin ended the month gaining ground, posting its first positive September since…
Author: Robert McCracken
[ad_1] The largest bail of all time is paid to release SBF, live crypto charts come to Twitter, and which cryptos were the most searched on Google this year? These stories and more this week in crypto. SBF Released in Record Bail FTX founder, Sam Bankman-Fried, has been released on a $250M bail, the largest pretrial bond in history. The bond was signed by his parents, who will keep him under house arrest at their home in California. Meanwhile, Caroline Ellison, former CEO of Alameda Research, pleaded guilty to fraud as part of a plea agreement to avoid criminal charges…
[ad_1] MicroStrategy sells Bitcoin to buy more, one big bank thinks cryptos are nonexistent assets, and a Nobel Prize winner says Bitcoin is just like Tesla. These stories and more this week in crypto. Microstrategy Still Bullish on Bitcoin One of the world’s largest Bitcoin holders, Microstrategy, has added to its Bitcoin stack throughout November and December. While the firm recently sold some coins ostensibly for tax reasons, it has also bought over 2,500 bitcoins in the past month. Nevertheless, the firm’s strategy has caused its stock to hit its lowest point in 12 months. JPMorgan: Crypto Is a…
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[ad_1] US authorities say crypto is here to stay, Huobi is running into trouble, and could quantum computing be a threat to Bitcoin? These stories and more this week in crypto. IRS: Crypto is Here to Stay In an interview with The Wall Street Journal, an IRS official said cryptocurrency is here to stay and it’s becoming more legitimate. Special agent Thomas Fattorusso added that the U.S. tax authority must work with crypto companies, not with contention, but as more of a symbiotic relationship. US Regulators Warn Banks over Crypto Risks In a joint statement, the US Federal Reserve, FDIC,…
[ad_1] Nexo’s offices are raided by Bulgarian authorities, layoffs continue at crypto companies and El Salvador’s Miss Universe contestant graces the stage dressed in Bitcoin. These stories and more this week in crypto. Bitcoin Hits Pre-FTX-Collapse Price A strong green week for the crypto market saw prices reach their highest levels since the FTX meltdown in early November. Both Bitcoin and Ethereum rose over 15% as markets appeared to respond favorably to positive inflation figures in the US. Crypto Lender Nexo Raided in Bulgaria Crypto lender Nexo’s offices were raided by Bulgarian police. Authorities are investigating the London-based firm on…
[ad_1] The crypto market upturn surges stocks, the US shuts down a crypto money-laundering platform and could you be able to buy cheap airline tickets using crypto? These stories and more this week in crypto. Crypto Market Capitalization Up 30% With a nearly 30% increase in just two weeks, the total crypto market capitalization currently comes in at nearly $1T. The rise may reflect a more optimistic investor sentiment toward risk assets as positive inflation figures signaled that the recently hawkish U.S. Federal Reserve interest rate strategy may loosen its grip in 2023. Crypto Stocks Surge in Recent Market Upturn…
[ad_1] Binance admits mixing client funds with reserves, Robinhood’s Twitter account gets hacked and the first nuclear-powered Bitcoin mining rigs are closer than you might think. These stories and more this week in crypto. Binance Admits Commingling Clients’ Funds Binance has admitted to mixing client funds with reserve crypto assets meaning there was no segregation between client assets and its collateral accounts. A spokesperson for Binance said the funds were mixed in error and maintained that its clients’ assets were backed by enough collateral to meet any redemptions. Robinhood’s Twitter Account Hacked An unknown hacker managed to get control of…
[ad_1] Twitter proceeds with payment platform initiatives, MetaMask unveils new privacy features and Cathie Wood stands by her ten-year bitcoin price target even in the midst of a bear market. These stories and more this week in crypto. January: Bitcoin’s Best Month Since 2021 Bitcoin closed out January with a 40% spike, its best month since October 2021. The total value of cryptocurrency assets added more than $200 Billion in January alone. Ethereum also saw its price surge, but so did the network’s gas fees, with the average fee rising to over $5 per transaction. Musk’s Crypto Integration into Twitter…
[ad_1] The U.S could end crypto staking, a failed hedge fund starts an exchange to trade bankruptcy claims, and luxury rehab centers offer treatment for crypto addiction. These stories and more this week in crypto. Ether Falls Following SEC Crackdown on Staking The price of ether fell 8%, as fears began to spread about a U.S. regulatory crackdown on crypto staking protocols. The SEC charged Kraken with selling unregistered investment contracts, since staking customers are promised regular returns and payouts. In response Kraken has shut down its US staking program and will pay a $30 million settlement to the agency.…