The former president of FTX US dishes the dirt on his falling out with former Jane Street colleague Sam Bankman-Fried and predicts the spot Bitcoin ETF will far outshine the record-breaking success of the Bitcoin Futures ETF. Who is this guy anyway? The ex-president of FTX US, Brett Harrison, tells Magazine that he didn’t say
Month: December 2023
Smart contract development firm Thirdweb reported a security vulnerability that potentially “impacts a variety of smart contracts across the Web3 ecosystem.” On Dec. 4, Thirdweb reported a vulnerability in a commonly used open-source library that could impact certain pre-built smart contracts, including some of its own. However, Thirdweb’s investigations concluded that the smart contract vulnerability has
Crypto-friendly trading platform Robinhood has reported a 75% month-on-month increase in digital asset trading volume in November. In an 8-K filing to the Securities and Exchange Commission on Dec. 4, Robinhood noted that “November Crypto Notional Trading Volumes were roughly 75% above October 2023 levels.” The activity however equity trading volumes and options contracts traded
Hashdex, one of the 13 asset managers vying for spot Bitcoin (BTC) exchange-traded fund, expects to see the first spot Bitcoin ETF in the United States land by the second quarter of 2024, followed by a spot Ether (ETH) ETF. “The exact timing of a spot Bitcoin ETF in the U.S. remains unclear, but in
Bitcoin (BTC) faces sharp volatility as the new week begins with BTC price action focusing on $42,000 — can it endure? The largest cryptocurrency, fresh from weekend gains that topped 10%, is still keeping traders guessing over its next move. While a trip to $40,000 was well anticipated, the question now is whether or not
The next bull market could kick off as soon as next year, propelled by catalysts such as the upcoming Bitcoin (BTC) halving and potential approval of a spot Bitcoin ETF in the United States. In our latest Cointelegrph Report, we explain how to prepare for the next parabolic move in five simple steps. First, it’s
The Criminal Investigation (CI) Unit of the United Internal Revenue Service (IRS) reported an increase in the number of investigations around digital asset reporting. In its annual report released on Dec. 4, the IRS investigative arm said it had initiated more than 2,676 cases in which it had identified more than $37 billion related to
Bitcoin (BTC)-related investment products have become the “main beneficiary” of recent investor interest in crypto, amid growing anticipation of a spot Bitcoin ETF approval in the United States. A total of $1.76 billion of investors’ funds have flowed into crypto products over a 10-week period, making up for the largest inflows over such a period
Bitcoin (BTC) and Ether (ETH) surged above their respective overhead resistance levels on Dec. 4, indicating that the bulls are in no mood to slow down. The higher the price goes without a meaningful correction, the greater the feeling of missing out among traders. When traders chase prices higher, it could lead to a blow-off
Two brothers, responsible for the theft of $8.5 million from decentralized finance (DeFi) protocol Platypus, were allowed to walk free with no repercussions by a French court. On Feb. 16, hackers managed to drain and move $8.5 million from Platypus through a flash loan attack, forcing the protocol to suspend trading services until a resolution
In the past seven days, Bitcoin (BTC) experienced a whopping 14.5% surge, hitting a 20-month high at $41,130 by Dec. 4. Traders and analysts have been abuzz with speculation, especially in the wake of the $100 million liquidation of short (bearish) Bitcoin futures within just 24 hours. However, when we dive into BTC derivatives data,
According to a Dec. 4 post by Salvadoran President Nayib Bukele, the country’s cumulative Bitcoin (BTC) investments currently amount to $131 million with a net profit of $3.6 million, for a total gain of 2.84%. “Of course, we have no intention of selling; that has never been our objective,” said Bukele. “We are fully aware
Market manipulation in the crypto sphere, explained In the cryptocurrency space, market manipulation refers to the deliberate use of different deceptive strategies to artificially inflate or deflate the price of cryptocurrencies. One of the signs of market manipulation includes sudden, unusual price increases or decreases that have nothing to do with important news or trends.
South Africa’s principal financial regulator, the Financial Sector Conduct Authority (FSCA), reviewed 128 applications from crypto service asset providers (CASPs) but intends to discuss only 36 during its next meeting in December. The numbers were published on Nov. 30 by the South African news outlet My Broadband. According to the publication, the FSCA plans to
Bitcoin (BTC), the original cryptocurrency, is gaining momentum versus global big-cap stocks as it overtakes the market value of American conglomerate holding company Berkshire Hathaway. BTC market cap has risen above $800 billion on Dec. 4, after nudging past billionaire investor Warren Buffet’s company on Dec. 3. BTC market cap has risen above $800 billion
Bitcoin (BTC) finally broke above the formidable resistance of $38,000 in the past week and marched closer to $40,000. This move shows that Bitcoin’s trajectory remains up. The bulls will try to maintain the momentum and achieve a strong close to the year, while the bears will try to pull the price down. The major
