A subsidiary of the US crypto exchange Kraken is reportedly reaping significant benefits from the booming spot Bitcoin (BTC) exchange-traded fund (ETF) market. CF Benchmarks: The Hidden Beneficiary CF Benchmarks, a London-based subsidiary of Kraken, provides reference data for crypto ETFs worth approximately $24 billion. It has emerged as an under-the-radar beneficiary of the recent…
The thriving Shiba Inu community is facing a new threat: scammers pretending to be key developers on platforms like Telegram. Impersonators Target Shiba Inu Developers Shibarmy Scam Alerts, a vigilant community group, has uncovered fake Telegram accounts impersonating Shytoshi Kusama and Kaal Dhairya, two prominent figures in the Shiba Inu ecosystem. The scammers have created…
JPMorgan Chase has agreed to pay $448 million to US regulators for failing to properly monitor billions of transactions on its global trading platforms. Enforcement Actions The banking giant has reached a deal with an unnamed regulator for an additional $100 million penalty. This comes on top of a $348 million enforcement action by the…
Analyst’s Bullish Outlook Crypto analyst TechDev believes Bitcoin is on track for a major price surge, mirroring its previous bull market pattern. Elliott Wave Theory Using Elliott Wave theory, TechDev suggests that Bitcoin is in the final bullish wave, which could push it towards $90,000-$100,000 by year-end. Relative Strength Index (RSI) The analyst also points…
Analyst Michaël van de Poppe predicts a crypto rally following disappointing economic data. Economic Factors Driving Rally Van de Poppe cites weak job market data, including rising unemployment and lower-than-expected wage growth, as signs that the Federal Reserve will loosen monetary policy. This, he believes, will boost risk-on assets like cryptocurrencies. Altcoin Market Outlook The…
According to on-chain analyst Checkmate, Bitcoin is poised for a significant upswing in the coming months. Six Months of Consolidation Checkmate predicts that Bitcoin will experience a period of consolidation for approximately six months. This period will be characterized by price fluctuations without a clear trend. Parabolic Advance Following the consolidation phase, Checkmate expects a…
Bitcoin’s Unique Characteristics Veteran analyst Peter Brandt believes Bitcoin is one-of-a-kind, unlike any other asset, including gold, stocks, or even other cryptocurrencies. He highlights its distinct price behavior, with exponential gains followed by significant corrections. Bitcoin’s Volatility Brandt also emphasizes Bitcoin’s extreme volatility, which can lead to both huge profits and substantial losses. Price Prediction…
Michael Saylor, the CEO of MicroStrategy, has made headlines again, but this time he’s not talking about Bitcoin. Instead, he’s setting his sights on its altcoin rivals. Saylor’s Doubts on Altcoins Saylor believes that the SEC will not approve applications for spot Ethereum (ETH) ETFs, dashing the hopes of investors. He also predicts that the…
The Securities and Exchange Commission (SEC) has been clashing with the crypto industry, especially over whether certain cryptocurrencies are securities. Ripple CEO Brad Garlinghouse has some strong opinions on the matter. XRP and ETH Are Not Securities Garlinghouse believes that XRP and Ethereum (ETH) are not securities. He recently said that the SEC is “grossly…
Vinnik’s Role in BTC-e’s Criminal Operations Alexander Vinnik, co-founder of the cryptocurrency exchange BTC-e, has admitted his guilt in a money laundering conspiracy involving $9 billion. The US Department of Justice (DOJ) alleges that BTC-e was a hub for cybercriminals, facilitating illicit transactions from 2011 to 2017. Vinnik, a Russian national, served as an operator…
