Pessimism surrounding the U.S. Securities and Exchange Commission’s (SEC) approval of a spot Ethereum ETF is expected to increase. selected Invesco Galaxy’s decision on the approval process for its ETH spot ETF was delayed, adding to uncertainty in the cryptocurrency market. SEC Withdraws Invesco’s Ethereum Spot ETF Invesco Galaxy in October last year contaminated Proposed rule changes for listing and trading shares of a commodity-based trust, the Ethereum Spot ETF, with the SEC pursuant to the Securities Exchange Act of 1934 and Rule 19b-4 thereunder, published in the Federal Register in November. Invesco Galaxy Ethereum Spot ETF By maintaining ETH…
Author: Crypto Flexs
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U.S. authorities have identified and charged the mastermind behind LockBit, a massive ransomware operation that extorted $500 million from victims. He faces more than 20 criminal charges. According to the 26-count indictment unsealed Tuesday, Dmitry Khoroshev, 31, served as a “developer and administrator” who led LockBit’s code development and recruited affiliates to distribute ransomware to victims. The alleged cybercriminals received 20 percent of each ransom for their role in the scheme, which netted them $100 million in cryptocurrency over about four years, the U.S. Department of Justice said in a statement Tuesday. “Today’s indictment highlights the FBI’s continued disruption of…
Binance, a famous cryptocurrency exchange, recently completed dYdX (DYDX) mainnet integration. According to an announcement on the Binance Support Center, users can now deposit DYDX tokens. However, withdrawals are only possible if there are sufficient deposits on the network. Binance guarantees that users will not be notified separately regarding the initiation of withdrawals. Binance’s dYdX (DYDX) mainnet integration provides users with the opportunity to participate in a variety of activities related to the DYDX token. This includes trading, investments and other interactions within the dYdX ecosystem. Binance aims to provide users with a seamless and…
join us telegram A channel to stay up to date on breaking news coverage Michael Saylor’s MicroStrategy stock could be “meaningfully higher” by the end of the year, TD Cowens said, as Bitcoin ETFs are more adopted by institutions and regulators are likely to reject the Ethereum ETF. One catalyst for Bitcoin prices and MicroStrategy stock could come on May 15, the deadline for institutional investment managers to file Form 13-Fs with the Securities and Exchange Commission (SEC). Analyst Lance Vitanza said in a May 6 note: If more institutions appear to have purchased Bitcoin exchange-traded funds (ETFs), according to…
Central bank digital currencies (CBDCs) are making waves in the financial world, sparking discussion about the future of money. But what exactly is a CBDC and how does it fit into the current cryptocurrency landscape? To understand the importance of CBDC, it is important to take a closer look at its definition and take a look at its brief history. Additionally, gaining an overview of the current cryptocurrency landscape will provide valuable context for understanding the role of CBDCs in today’s evolving financial ecosystem. Join us as we begin our journey to unravel the complexities and implications of CBDC and…
This week, the price of XRP relative to Bitcoin (BTC) fell to a three-year low, suggesting a potential local bottom and an opportunity to buy XRP.XRP/BTC price ratio falls to 2021 lowThe price of XRP compared to Bitcoin has fallen to a three-year low last seen in early April 2021, according to TradingView data.XRP/BTC, monthly chart. source: Trading ViewOn the monthly chart, this chart pattern can be interpreted as a strong signal for an XRP/BTC bottom, said Tony Severino, founder of CoinChartist. post:“Great spot – he’s right. XRP/BTC just signaled a bullseye bottom.”XRP/BTC. source: Tony SeverinoDespite the optimistic chart formation,…
Share this article The U.S. Department of Justice (DOJ) has identified Russian national Dmitry Khoroshev as the mastermind behind the infamous LockBit ransomware gang and is offering a $10 million reward for information leading to his arrest.In a 26-count criminal indictment unsealed Tuesday morning, prosecutors alleged that Khoroshev, 31, developed, promoted and oversaw LockBit software to recruit “affiliates” from cybercrime forums who carried out actual ransomware attacks. The affiliate will give Khoroshev 20% of his earnings, usually paid in Bitcoin (BTC), once the ransom is paid.According to prosecutors, LockBit became one of the world’s most prolific ransomware tools after first…
not Ethereum Whale It was recently revealed that a single transaction involving the second-largest cryptocurrency token by market capitalization earned $16 million. This whale’s story once again emphasizes how strong our confidence in whales is. invest In the cryptocurrency space, it can be very rewarding. How this Ethereum whale earned $16 million in a single transaction On-chain analysis platform Lookonchain Published on X (formerly Twitter) post A year ago, when the cryptocurrency token was still trading at $1,890, the whale withdrew 12,906 ETH ($24.39 million) from Binance. With Ethereum currently trading at around $3,100, the whale’s ETH investment is now…
Charles Edwards, cryptocurrency on-chain analyst and co-founder of digital asset hedge fund Capriole Investments, believes now is the perfect time to make “some allocation” to altcoins. But he says you shouldn’t hold on to it for too long. “In a normal four-year cycle, which has been going as textbook as previous cycles so far, we would expect Bitcoin to peak perhaps late this year or next year,” says the Australia-based cryptocurrency analyst. Hall of Flame. “If that happens and Bitcoin enters a bear market like it has in the past, I wouldn’t want to be holding any altcoins from mid-2025…
XRP price is correcting the rise above the $0.570 resistance. The price is stable above the $0.5240 support and may target a fresh rally in the near term. XRP began a significant rally and moved above the $0.550 resistance level. The price is currently trading above $0.5250 and the 100 simple moving average (4-hours). On the 4-hours chart of the XRP/USD pair, there is a major bullish trendline forming around support at $0.5320 (data source from Kraken). If the bulls defend the $0.5240 support, the pair could start another increase. XRP price maintains support Recently, the price of XRP started…