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China’s First Crypto Fraud Case: Student Sentenced to 4 Years in Prison
In a landmark case that has garnered widespread attention in China, a university student has been sentenced to four years and six months in prison and fined 30,000 yuan (approximately $41,000) for “fraudulently” issuing a cryptocurrency named BFF on Binance’s BNB Chain. The case was heard at the Nanyang High-tech...
VanEck Predicts Ethereum to Surge to $22,000 by 2030
According to data compiled by crypto ETF issuer Bitwise, Ethereum (ETH) and its expansion solutions, Arbitrum and Polygon, had over 250,000 daily active users in the first quarter of 2020. The majority of these users were on Ethereum’s main Layer 1 network. By the first quarter of 2024, the daily...
Dogecoin Gains Strong Support: Is DOGE Ready for a Significant Surge?
Dogecoin (DOGE) has broken through the $0.160 resistance level against the US Dollar. The cryptocurrency is maintaining its upward momentum and is poised to surpass $0.1650. In recent days, Dogecoin’s price has steadily climbed above the $0.1500 region, mirroring the trends seen in Bitcoin and Ethereum. The bulls have successfully...
Bitcoin Set to Break Record High? Options Market Bets on $74,000 Milestone
Market data reveals a growing trend among Bitcoin (BTC) options traders, who are increasingly betting on the asset to set a new price record this month. According to a market update from digital asset hedge fund QCP on Wednesday: “There has been a significant buying of call options expiring in...
Ethereum Spot ETFs Expected to Attract $4 Billion in Inflows, Creating Potential Supply Shortage
Cryptocurrency analysis firm K33 Research predicts that Ethereum-based Exchange-Traded Funds (ETFs) capable of directly holding Ethereum (ETH) are poised to launch in the U.S. soon. These ETFs could attract up to $4 billion in inflows within the first five months, potentially creating a supply shortage for ETH. Significant Inflows Anticipated...
Binance Coin’s Historic Surge: Five Key Reasons Behind BNB’s Record High
This week, the cryptocurrency market rebounded from recent downturns, with Bitcoin surging past $71,000 and Binance Coin (BNB) achieving a historic milestone. BNB saw a remarkable increase, climbing over 12% from the previous day’s price of $625.26 to hit a new all-time high. Here are the top five reasons behind...
Bitcoin ETFs See $880 Million Inflow in a Single Day, BTC Surges Past $71,000
On Tuesday, U.S.-listed spot Bitcoin ETFs saw a remarkable inflow exceeding $880 million, with Fidelity’s FBTC leading the charge. This marks the highest single-day inflow since March. Bitcoin Price Surge Following this influx, Bitcoin surged above $71,000 during the Asian trading session, marking a 3% increase over the past 24...
ETF Inflows Surge as BlackRock’s IBIT Assets Exceed $20 Billion
According to Bloomberg Industry Research, spot ETFs have witnessed a significant uptick, adding $2.4 billion in assets over the past month after a period of stagnation to negative growth. BlackRock’s iShares Bitcoin Trust (IBIT) has notably surpassed $20 billion in assets under management. Resurgence in Bitcoin Spot ETFs Over the...
Binance Imposes Restrictions on Unauthorized Stablecoins to Comply with MiCA Regulations
Cryptocurrency exchange Binance announced its strategy on Monday to comply with the upcoming Markets in Crypto-Assets (MiCA) stablecoin regulations, set to take effect across the European Economic Area on June 30. These regulations will restrict the issuance and provision of stablecoins to regulated companies, classifying them as “regulated stablecoins.” Changes...
Bitcoin Reaches $70,000 Again Amid Continuous Inflows into Spot ETFs
Bitcoin spot Exchange-Traded Funds (ETFs) recorded a significant inflow of $105 million on June 3, marking the 15th consecutive day of positive net inflows. This continuous influx of funds highlights the growing investor interest and confidence in Bitcoin as a valuable asset. Key ETF Inflows Among the prominent Bitcoin spot...