Author: CryptooTimes
Just as optimism was about to surge, clouds rolled in, pushing prices lower.
U.S. spot Bitcoin exchange-traded funds experienced a second consecutive day of outflows on Oct. 2, as Bitcoin’s price dropped below $61,000, driven by escalating tensions in the Middle East. According to data from SoSoValue, the 12 U.S.-listed spot Bitcoin ETFs recorded $91.76 million in net outflows, continuing from the previous day’s $242.53 million withdrawal. ARK 21Shares’ ARKB fund led the outflows, with $60.26 million exiting the fund, marking its third consecutive day of losses. Grayscale’s flagship GBTC followed closely, registering $27.31 million in outflows, bringing its total withdrawals since inception to $20.12 billion. Notably, BlackRock’s IBIT ETF saw its first…
An early Ethereum investor has continued a two-week Ether selling spree as Ether’s price has slumped 10% since the start of October.
The proposed 25% levy would hurt early investors in bitcoin and lead to a selloff in the wider market, says Zac Townsend, CEO and co-founder of Meanwhile.
As businesses turn to dollar-pegged options, stablecoins now represent over 40% of Sub-Saharan Africa’s crypto economy. Stablecoins have emerged as a vital component of Sub-Saharan Africa‘s crypto economy, accounting for approximately 43% of the region’s total transaction volume, according to a recent report from Chainalysis. In nations grappling with volatile local currencies and limited access to U.S. dollars, dollar-pegged stablecoins such as Tether (USDT) and Circle (USDC) have gained prominence, enabling businesses and individuals to store value, facilitate international payments, and bolster cross-border trade. In a commentary to Chainalysis, Yellow Card chief executive Chris Maurice said that “about 70% of…
The two firms have co-developed the Cryptoeconomic DVN Framework, bringing more security to decentralized networks through economic incentives.
“We have been incredibly fortunate that such an accomplished public servant, Gurbir Grewal, came to the SEC to lead the Division of Enforcement for the last three years,” SEC Chairman Gary Gensler said in a press statement. “Every day, he has thought about how to best protect investors and help ensure market participants comply with our time-tested securities laws. He has led a Division that has acted without fear or favor, following the facts and the law wherever they may lead.”
Both Dogecoin and Shiba Inu have emerged as major players in the meme coin world. Their light-hearted branding has proven popular in the market, catapulting them to success. While they may seem similar on the surface, these two coins have important differences that set them apart and provide distinct use cases and investment factors to consider. Overview of Dogecoin and Shiba Inu Launched in 2013, Dogecoin was the first ever so-called meme coin, a digital asset launched explicitly as a joke. The currency was created by software engineers Billy Marcus and Jackson Palmer partly as a way to poke fun…
Ripple CEO Brad Garlinghouse vowed to fight the SEC’s new appeal in a case one lawyer suggests could be dragged into early 2026.
In July 2023, the judge ruled that while Ripple violated federal securities law through its institutional sales of XRP, its programmatic sales to retail exchanges did not violate securities rules. The SEC attempted to file an interlocutory appeal against the motion for summary judgement, but was denied by the judge.
