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Tag: Coindesk News

FTX Completes $33 Million Sale Of European Wing Following Legal Dispute

FTX Completes $33 Million Sale Of European Wing Following Legal Dispute February 25, 2024 FTX has recently reached an agreement on the sale of its European branch following a legal dispute between the exchange’s management and the eventual buyers. This development comes as the embattled crypto exchange continues to gather more liquidity in a bid […]

Bitcoin Outflows From Exchanges Rise To 8-Month Highs – Will BTC Rise To $60,000?

Bitcoin Outflows From Exchanges Rise To 8-Month Highs – Will BTC Rise To $60,000? February 25, 2024 Bitcoin is currently trading at $51,660, still ranging around the $52,000 price level in the past week. Despite the sideways price movement, on-chain data from last week has shown continued bullishness among investors. Data from on-chain analytics platform […]

Bitcoin Accumulation Levels Stay Strong Amidst Price Consolidation

Bitcoin Accumulation Levels Stay Strong Amidst Price Consolidation February 25, 2024 Following a week of little price movements, Bitcoin (BTC) gained by 0.50%, maintaining its value within a consolidation range of $51,000 – $52,500. However, despite this period of inaction, Bitcoin investors have maintained a consistent level of high accumulation, according to an observation from […]

Crypto Analyst Sounds Solana Buy Alarm – Can SOL Price Reclaim $110?

Crypto Analyst Sounds Solana Buy Alarm – Can SOL Price Reclaim $110? February 25, 2024 Since the start of 2024, the Solana (SOL) price has not quite been able to replicate the strength with which it moved last December. While Bitcoin and most altcoins have turned in a positive performance in the past few weeks, […]

USDT To The Moon? Tether Inches Closer To $100 Billion Market Cap

The cryptocurrency world watches with a mix of intrigue and apprehension as Tether (USDT), the most prominent stablecoin, inches closer to a seemingly mythical $100 billion market capitalization. This monumental milestone signifies Tether’s undeniable market dominance, but it also casts a spotlight on the regulatory clouds gathering around the stablecoin and the potential implications for […]

SEC Cracks Down On Van Eck For Failing To Disclose Influencer Involvement In ETF Launch

American investment advisers, VanEck Associates, have been formally penalized by the United States Securities and Exchange Commission (SEC) for violating transparency laws. The investment company has agreed to pay a substantial penalty fee related to their failure to disclose information about a prominent influencer’s participation in the launch of its Spot Bitcoin Exchange Traded Fund […]

Coinbase Supports Bitcoin Developers With $3.6 Million Donation To Brink

Coinbase, the largest cryptocurrency exchange in the United States, has donated $3.6 million to Brink, a non-profit organization aimed at supporting the Bitcoin developer community. Brink To Funnel Donations Toward Bitcoin Core Developers On Friday, February 16, Brink shared – via a post on X – this significant monetary contribution by Coinbase. The non-profit organization […]

Yuga Labs Acquires Moonbirds NFT In PROOF Takeover

Yuga Labs, developers of the prominent non-fungible token collection (NFT) collection Bored Ape Yacht Club (BAYC), has announced the acquisition of rival NFT company PROOF. This transaction is understood to grant Yuga Labs full ownership of all PROOF’s assets and products, including the Moonbirds NFT collection. Related Reading: Yuga Labs Leads Boycott Against Blur And […]

Crypto Probe Unveils Federal Officer’s Connection To Alleged Bitcoin Theft

A dark cloud hangs over the Australian federal police as one of its own, Officer William Wheatley, stands accused of a daring crypto heist. The missing loot? A staggering 81.62 Bitcoins, valued at a then-humble $309,000 in 2019, but now a cool $4.2 million. This high-profile case hinges on cutting-edge crypto-tracking technology and raises critical […]

Will Bitcoin Hit Turbulence? 40% Correction Eyed Before Reaching $150,000, Analyst Warns

The recent surge in Bitcoin (BTC) prices, pushing past the $52,000 mark, has ignited a wave of optimism within the cryptocurrency community. Visions of a six-figure future dance in investors’ heads, with some analysts even proposing a $150,000 target. However, a prominent voice has emerged casting a shadow of caution: Michaël van de Poppe, a […]