Author name: Peter

The Week in Crypto: Bitcoin and Ethereum Show Modest Gains, BLUR Token Soars

Bitcoin and Ethereum's Modest Increase In the past week, bitcoin and ethereum, the two most popular cryptocurrencies, experienced modest gains against the U.S. dollar. Bitcoin saw a 2.7% increase, while ethereum rose by 6.5%. Although these gains were not significant, they indicate a positive trend in the market. BLUR Token's Impressive Surge While bitcoin and

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Former NYSE President Expects Crypto Industry to Experience Influx of Money with Bitcoin ETF Approval

Introduction In a recent interview, former New York Stock Exchange (NYSE) President Tom Farley expressed his belief that the crypto industry will witness a significant influx of money once the U.S. Securities and Exchange Commission (SEC) approves spot bitcoin exchange-traded funds (ETFs). Farley, who currently serves as the CEO of the cryptocurrency exchange Bullish, highlighted

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Stablecoin Market Rebounds — $5.48 Billion Growth in 22 Days

Stablecoins Experience Multi-Billion-Dollar Market Expansion in Three Weeks Over the past few weeks, the market value of leading stablecoins has seen a significant increase. The economy of these fiat-pegged tokens has grown from $123.66 billion to the current $129.14 billion. This substantial growth of nearly $6 billion comes after the stablecoin industry lost tens of

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JPMorgan: Approval of Bitcoin ETFs Could Impact Bitcoin Prices

JPMorgan Warns of Downward Pressure on Bitcoin Prices Global investment bank JPMorgan has issued a warning stating that the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) could have a significant impact on bitcoin prices. According to analysts at the bank, the conversion of Grayscale Investments' bitcoin trust

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Former Binance CEO CZ Fights U.S. Government’s Motion to Prevent Return to UAE

CZ Challenges Government's Motion Former Binance CEO Changpeng Zhao (CZ) has filed an opposition to the U.S. government's "motion for review" regarding the judge's ruling on his "presentencing travel restrictions." The government aims to prevent CZ from returning home to the United Arab Emirates (UAE) before sentencing, despite the judge's determination that he poses no

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Spot Bitcoin ETF: A Catalyst for Market Demand and Volatility

Introduction The potential approval of a spot bitcoin exchange-traded fund (ETF) in the U.S. has sparked significant interest in the cryptocurrency market. Glassnode, a blockchain data firm, recently conducted an analysis on how spot bitcoin ETFs could reshape market dynamics. This article explores the findings of Glassnode's report and delves into the potential impact of

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Do Kwon Faces Extradition Dilemma: Montenegro’s Justice Minister to Decide Between US and South Korea

The Extradition saga of ex-Terraform Labs CEO, Do Hyeong Kwon (Do Kwon), takes an interesting turn as he awaits his fate in Montenegro. Following a four-month incarceration for fabricating travel papers, the Podgorica High Court has ruled in favor of his extradition. However, the final decision on his destination lies with the Justice Minister of

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