Crypto World ICOs

2024-01-22 19:20:00 Bitcoin to surge in 6 months as investors pivot from Grayscale to new ETFs, Galaxy Digital’s Novogratz says

Bitcoin’s price should go “higher in six months” because investors divesting their Grayscale’s Bitcoin Trust (GBTC) holding would switch to other exchange-traded funds (ETFs), according to Galaxy Digital CEO Michael Novogratz. Novogratz made this statement in response to a bearish outlook presented by BTCdata Corporation’s founding partner, Chris J. Terry, who predicted a short-term downturn for BTC due to substantial selling pressure from GBTC.

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2024-01-22 14:10:09 Join the Top 10 Crypto Channels of 2024!

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2024-01-22 08:35:00 China’s underground crypto market thrives despite harsh trading ban: WSJ

Despite Beijing’s 2021 ban on crypto trading, a thriving underground market reportedly continues to operate in China. The Wall Street Journal (WSJ) reported that investors circumvent the country’s stringent regulations through informal networks through VPNs, social media, and physical trading.

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2024-01-21 20:56:33 Ordinals Minting Surpasses 5,822.56 BTC Fee Revenue Milestone!

Translating to approximately US$242,391,805, this remarkable milestone underscores the burgeoning success and financial viability of the Ordinals minting process. The Ordinals inscription, a unique feature within the Bitcoin NFT protocol, has witnessed an unprecedented level of adoption, with a staggering total of 56,427,386 inscriptions cast to date. This surge in activity signals a growing interest in the protocol, highlighting its popularity among users seeking to engage with the NFT space.

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2024-01-21 09:50:49 GBTC's Mixed Fortune: 54% Market Share in ETF Trade Volume Accompanied by $2 Billion BTC Exodus

U.S. market, nine newly launched spot bitcoin exchange-traded funds (ETFs), along with the recently revamped GBTC, collectively saw a trading volume of $16.53 billion. GBTC, commanding the majority of this trade volume, experienced a substantial reduction in its bitcoin holdings. In just the past 24 hours, the trust shed over 14,300 bitcoin, decreasing its total holdings to 566,973 bitcoin.

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2024-01-20 23:02:34 USI Tech CEO Charged for $150M Crypto Fraud Scheme

Horst Jicha, the CEO of USI Tech, is facing severe charges for orchestrating a fraudulent scheme that deceived investors out of $150 million. Jicha, a 64-year-old German national, was arrested in December, marking a significant turn in a saga that began in 2018 with cease and desist letters from U.S. and Canadian regulators.

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2024-01-20 09:57:02 Grayscale CEO’s warning: Only two or three spot Bitcoin ETFs are here to stay

Most of the spot Bitcoin exchange-traded funds (ETF) approved by the United States Securities and Exchange Commission (SEC) won’t survive, Grayscale Investment CEO Michael Sonnenshein says. In a Jan. 18 interview with CNBC at the World Economic Forum in Davos, Switzerland, Sonnenshein predicted that the majority of the 11 approved spot Bitcoin ETFs will likely fail.

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2024-01-19 21:11:40 SEC delays Fidelity’s Ethereum spot ETF, but decisions are still expected in May

The U.S. Securities and Exchange Commission (SEC) said on Jan. 18 that it has delayed its decision on Fidelity’s proposed spot Ethereum ETF. More specifically, the decision concerns a proposed rule change that would allow Cboe BZX to list and trade shares of Fidelity’s planned fund. The SEC noted that the proposed rule change was originally filed on Nov. 17, 2023 and published for comment in the federal register on Dec. 6, 2023.

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2024-01-19 08:10:00 VeChain Official Account Hacked, Used to Promote Scam Giveaway

VeChain, a prominent blockchain-based protocol, became the latest victim of a cyber attack when its official X account was compromised on January 18, 2024. The hackers used the account to orchestrate a scam giveaway, targeting VeChain (VET) and Ethereum (ETH) holders with promises of lucrative returns. This incident adds to the growing list of cybersecurity breaches in cryptocurrency.

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2024-01-18 21:35:00 BlackRock on track to surpass Grayscale Bitcoin holdings in 37 days

BlackRock’s IBIT Bitcoin ETF has recently made headlines, surpassing a net inflow of $1 billion and acquiring 25,067 Bitcoin within four trading days. A deeper analysis reveals that at this acquisition rate, it would reach 592,000 BTC – an equivalent to Grayscale’s current holdings – in approximately 178 days, setting a target date around mid-July.

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