News

Michael Saylor Foresees a Surge in Bitcoin ETF Demand

MicroStrategy's Michael Saylor discusses the significant demand for Bitcoin products surpassing supply and the company's pivot to a Bitcoin development focus in a CNBC interview.

Yagyesh Jaiswal

Michael Saylor of MicroStrategy predicts a significant demand for Bitcoin ETFs, far exceeding supply, amid the company's rebranding as a Bitcoin development firm to support the growing Bitcoin ecosystem.

Russia Central Bank Tracks Crypto Ties to Illegal Activities

A new report from the Bank of Russia shows a significant increase in the number of financial scams detected in 2023 that involved cryptocurrencies.

Yagyesh Jaiswal

The Bank of Russia report sheds light on cryptocurrency's escalating role in illicit schemes preying on citizens. As the findings stress, digital assets have provided camouflage enriching criminal circles at the cost of public safety. Moving forward, regulators face an ongoing struggle to contain misconduct through targeted site restrictions, inter-agency cooperation, and strict penalties.

Traders Bet Big on $65K Bitcoin Breakout!

Discover the analysis of options data on Deribit that shows traders buying up cheap calls well above current Bitcoin prices, indicating confidence in further price increases.

Yagyesh Jaiswal

Analysis of swelling open interest and trading volumes concentrated in out-of-the-money Bitcoin calls indicates sophisticated traders remain optimistic on the primary cryptocurrency's long-term potential, despite appearing overextended in the near-term. Their positioning points to price targets that could drive the next major upside moves.

FTX Plans Repayments Amid SBF's Legal Woes

As FTX outlines plans for full customer repayment amidst the crypto market's recovery, founder Sam Bankman-Fried faces significant legal jeopardy with his upcoming sentencing.

Yagyesh Jaiswal

FTX outlines plans for customer repayment, leveraging gains from strategic investments in a recovering crypto market, while founder Sam Bankman-Fried faces significant legal challenges with his upcoming sentencing.

Bitcoin Hits $49K on ETF, Big Money Buys

Explore how Bitcoin's recent surge to over $49,000 is fueled by robust ETF inflows, institutional accumulation, and the broader impact of market dynamics.

Yagyesh Jaiswal

Bitcoin's price surged past $49,000, driven by strong spot ETF inflows and institutional accumulation, despite potential selling pressures from Genesis' GBTC holdings liquidation.

Biden's Laser Eyes Stir Crypto Speculation

President Biden posted an image of himself with laser eyes on social media after the Super Bowl, a symbol commonly used in crypto communities to celebrate gains.

Yagyesh Jaiswal

Biden's crypto-curious Twitter post briefly captivated an industry always watching for signs of greater legitimacy. While no endorsement, it sparked intrigue around blockchain technology creeping into the public lexicon. As governments globally work to understand digital assets, events sparking even momentary hype show crypto's rising visibility and cultural significance.

Eigenlayer Ascends as Restaking Gains Momentum

Explore the booming growth of Eigenlayer, an Ethereum restaking protocol, amidst the increasing popularity of ETH staking. Uncover the surge in Total Value Locked (TVL) within the platform and understand its significance for both investors and the broader Ethereum community.

Yagyesh Jaiswal

Eigenlayer has emerged as the top-performing DeFi protocol with a 171% increase in total value locked in the last week alone to $5.67 billion, surpassing Uniswap, as investors look to maximize yields from their staked ETH.

NY Attorney General Accuses DCG of $3B Crypto Fraud

Discover how the New York Attorney General has expanded an existing fraud lawsuit against cryptocurrency firm Digital Currency Group and its affiliates, increasing the alleged fraudulent activity from $1 billion to $3 billion based on additional investor testimony.

Yagyesh Jaiswal

The NY AG alleges that DCG and Genesis misled over 230,000 investors through the now-defunct Gemini Earn program and Genesis direct investments, causing $3 billion in losses. A DCG spokesperson denies the new claims.

DYM Surges Over 96% After New Blockchain's Mainnet Launch

This article discusses the launch of the Dymension blockchain platform and the significant price increase of its DYM token within the first few days after mainnet, as exchanges like Binance provide listing and trading support.

Yagyesh Jaiswal

The successful launch and token price growth of Dymension demonstrates the potential opportunities that can arise from innovative new blockchain projects. By cultivating interest and listings from the start, Dymension positioned its DYM altcoin for mainstream accessibility and explosive initial surge.

Kraken Expands into Europe with Dutch VASP Approval

Learn how Kraken, a leading crypto exchange, is expanding its presence in Europe with the recent approval from Dutch regulatory bodies. Explore the significance of the Dutch market, Kraken's commitment to regulatory compliance, and its focus on user privacy.

Yagyesh Jaiswal

Kraken is making waves with its European expansion plans. By securing the necessary approvals and registrations, particularly the recent Dutch approval, Kraken is poised to tap into the promising Dutch market and strengthen its position in Europe.

Optimism to Pause ETH Withdrawals For Testing

Discover how Optimism, a leading Ethereum scaling solution, is taking proactive measures to ensure the security and stability of the network. Learn about their upcoming plan to pause ETH withdrawals for one hour, allowing them to test and improve their incident response system.

Yagyesh Jaiswal

The Ethereum scaling network Optimism will conduct a temporary suspension of ETH withdrawals to evaluate an enhanced incident response system aimed at coordinating protections across linked chains.

JPMorgan: Low Crypto Interest Among Institutions

A recent JPMorgan survey reveals a notable lack of interest among institutional traders in cryptocurrency trading, with a significant shift towards AI and machine learning as the future of trading technology.

Yagyesh Jaiswal

JPMorgan's survey of over 4,000 traders reveals a significant disinterest in cryptocurrency trading, with a notable decline in blockchain's perceived influence. In contrast, AI and machine learning are seen as pivotal for the future of trading, despite a slight increase in crypto trading activity among institutional traders.

Bakkt Faces Uncertainty Over Future Operations

Crypto firm Bakkt, known for its ambitious launch with NYSE's backing in 2018, issues a "going concern" warning, signaling potential financial struggles and uncertain future.

Yagyesh Jaiswal

Bakkt, the crypto platform launched with NYSE's backing, issues a "going concern" warning, indicating financial struggles and uncertainty about its ability to continue operations. The firm's shift from a digital wallet to focusing on crypto custody and trading, along with plans to raise $150 million in securities, underscores its efforts to survive in a challenging market.

Do Kwon's Inner Circle Faces More Legal Troubles

Explore the details of the case, including the allegations, potential consequences, and the global nature of cryptocurrency operations. Stay informed about the ongoing legal scrutiny Terraform Labs and its executives face, highlighting the importance of regulatory compliance in the crypto industry.

Yagyesh Jaiswal

The charges pressed against Do Kwon's ex-Terra CFO in South Korea shed light on the potential consequences of misleading investors in the cryptocurrency industry. Businesses and individuals need to prioritize regulatory compliance and transparency.

Crypto Theft Surges: Record $1B Ransomware Epidemic

Discover the alarming surge in crypto theft as the ransomware epidemic hits a record $1 billion. Learn about the evolving landscape, Ransomware-as-a-Service, and the challenges faced by the crypto industry.

Yagyesh Jaiswal

Ransomware damage ballooned to $1 billion as ransomware-as-a-service let novices run lucrative extortion campaigns. Major unpatched vulnerabilities also aided high-profile hacks netting over $100 million alone. Meanwhile, ransomware groups focused attacks on larger targets with ransom demands averaging over $1 million.

Fidelity Sees Bright Future for Bitcoin and Ethereum

Fidelity's latest quarterly report paints a positive outlook for Bitcoin and Ethereum, citing the upcoming Bitcoin Halving and Ethereum's next upgrade as key drivers for their expected growth.

Yagyesh Jaiswal

Fidelity's latest report offers a positive forecast for Bitcoin and Ethereum, highlighting the impact of the upcoming Bitcoin Halving and Ethereum's next upgrade on their growth. With both cryptocurrencies showing significant gains, the outlook for the crypto market is bullish.

5-Year Insight: Cardano's Robust HODL Strategy

Discover the steadfast loyalty of Cardano holders, with 23% not selling their ADA for over five years amidst market fluctuations, highlighting a deep conviction in its long-term value.

Yagyesh Jaiswal

On-chain data reveals that 23% of Cardano investors have not sold their ADA in over five years, highlighting a strong belief in the long-term value of the cryptocurrency. This commitment is supported by opportunities for staking and DeFi applications, underscoring a robust HODL culture within the Cardano community.

Solana and Abu Dhabi Join Forces to Advance Web3

Discover the partnership between Solana Foundation and Abu Dhabi Global Market aimed at developing the blockchain sector in Abu Dhabi. This collaboration seeks to support ecosystem growth, drive DLT innovation, and cement the emirate's status as a leader in the Middle Eastern crypto industry.

Yagyesh Jaiswal

Solana Foundation's partnership with ADGM marks another significant step in the growth of Abu Dhabi and the UAE's burgeoning blockchain sector. As the initiative gets underway, it will be interesting to see the specific programs and support implemented to nurture local startups.

SEC Postpones Invesco Ethereum ETF Decision

The SEC has extended the decision timeline for the Invesco Galaxy Ethereum ETF, citing legal proceedings and concerns over Ethereum's proof-of-stake mechanism.

Yagyesh Jaiswal

The SEC has postponed its decision on the Invesco Galaxy Ethereum ETF, citing the need for legal proceedings and concerns over Ethereum's proof-of-stake mechanism. This delay affects several Ethereum ETF applications, with varying predictions on when approval might occur.

Bitcoin Hash Rate Hits New Record as Halving Event Nears

Bitcoin's hash rate reaches a new all-time high of 566 EH/s, signaling a robust network ahead of the anticipated halving event.

Yagyesh Jaiswal

Bitcoin's hash rate has soared to a record 566 EH/s, with a significant difficulty adjustment reflecting the network's strength. This surge highlights the cryptocurrency's resilience and growing interest as it approaches the anticipated halving event, now just 10,500 blocks away.

VAT-Free Crypto Trading Introduced in Thailand

Unlock the potential of Thailand's digital asset industry with VAT-free crypto trading. Join the revolution and fuel the country's digital economy. Discover the benefits of tax-free trading and be part of Thailand's thriving digital transformation.

Yagyesh Jaiswal

Thailand hopes to drive growth and participation in these evolving technologies by promoting digital assets as viable investment and fundraising tools. With balanced, progressive policies that encourage entrepreneurial spirit alongside prudent governance, their strategic vision may yield undiscovered opportunities for developers, investors, and the overall economy.

Decentralized Finance Hits $59B TVL Benchmark

Total value locked in decentralized finance protocols has surpassed $59 billion amid growing investor demand for the higher yields offered by many DeFi applications, compared to traditional market returns.

Yagyesh Jaiswal

Decentralized finance has attracted over $59 billion in assets as yields outpace other market segments. However, sustainability concerns linger for the speculative sector which faces regulatory scrutiny and potential impact from shifting monetary conditions domestically and abroad.

Solana Network Outage Leads to Significant SOL Price Drop

Discover the impact of Solana's mainnet outage on February 6th, which halted block production for over 2 hours and caused a 5% decrease in the SOL token's value.

Yagyesh Jaiswal

A recent outage in Solana's blockchain halted block production for over two hours, causing a 5% drop in the SOL token's value. This event highlights the technical vulnerabilities of blockchain networks and the importance of ongoing improvements to ensure network stability and user trust.

AI Transforms Crypto: Innovations & Effects

Explore how AI is transforming the cryptocurrency industry, enhancing security, trading efficiency, and innovation, and what this means for investors and the future of digital currencies.

Yagyesh Jaiswal

AI's integration into cryptocurrency enhances security, efficiency, and innovation, transforming trading and operational processes. With applications ranging from fraud detection to predictive analytics and automated trading, AI is setting a new standard in the crypto industry, despite facing challenges like computational intensity and potential biases.

Regulators Charge Top HaruInvest Execs with Embezzlement

A law enforcement investigation has resulted in arrests and fraud charges against HaruInvest's top executives after the company froze customer withdrawals in 2023, leaving millions in assets inaccessible.

Yagyesh Jaiswal

Prosecutors in South Korea have brought embezzlement charges against three senior leaders of the formerly operating crypto investment platform HaruInvest. The arrests stem from allegations that over 1 trillion won worth of customer funds were misappropriated. HaruInvest's unexplained halt of all crypto withdrawals last year left over 16,000 investors unable to access their accounts.