Cryptocurrency news
SEC pushes back decision to open up options trading on spot Bitcoin ETFs
The SEC will again decide on whether to greenlight derivatives trading on spot Bitcoin ETF on April 24. The United States Securities and Exchange Commission has postponed its decision on whether to approve options trading on spot Bitcoin BTC $67,146 exchange-traded funds (ETFs)...
‘Only a few’ Ethereum L2s will survive the next 5 years: Manta co-founder
Manta’s Kenny Li argues that only blockchains with a “modular” approach stand a chance of survival, but critics say the whole debate is just a marketing stunt. Of the 44 active Ethereum layer 2 blockchains in existence today, “only a few” will still be around in five years, says...
Bitcoin flash crash wipes $1B in ‘speculative excess’ from markets
Billions of dollars in leverage was wiped from the crypto market as Bitcoin plunged 14% in a few hours after briefly notching a new all-time high. Crypto traders using options and futures to gain exposure to Bitcoin BTC $66,220 are out of pocket a staggering $1 billion after th...
Millions in BTC, XMR possibly stolen after reports of darknet market ‘exit scam’
Incognito Market, a darknet marketplace for narcotics trading, has reportedly exit-scammed its users of their BTC and XMR. Users of a major darknet marketplace say they’ve been unable to withdraw Bitcoin BTC $66,223 and Monero XMR $137 as of Tuesday, March 5, amid growing fear...
Bitcoin mining stocks dip more than 27% despite Bitcoin rally
Head analyst Mitchell Askew of Blockware Solutions said a similar “divergence” occurred twice in 2023, which resulted in a “great opportunity” to buy mining stocks at a discount. Bitcoin mining stocks have tanked as much as 27% over the last three trading days despite a recent B...
Solana NFTs hit $5B in sales, Greg Solano takes reins at Yuga Labs: Nifty Newsletter
Solana-based nonfungible tokens have reached a new milestone, hitting $5 billion in all-time sales volume in February. In this week’s newsletter, read about Solana-based nonfungible tokens (NFTs) recovering sales volume after a four-month slump, find out about Yuga Labs’ new CEO...
Bitcoin approaches $60,000 after 3.7% daily gain
The last time Bitcoin traded at similar levels was in November 2021, before correcting from its all-time high of $68,789. Bitcoin, the world’s first cryptocurrency, rose 3.79% in the 24 hours leading up to 8:20 am UTC, to trade at $58,504, for the first time in two years and thr...
‘The Nine’ spot Bitcoin ETFs see $2B volume for 2nd straight day
BlackRock's ETF also notched a new record $1.3 billion in daily volume in what an analyst described as “another intense volume day” for the funds. Nine of the recently launched spot Bitcoin exchange-traded funds (ETFs) have recorded a second straight trading day of combined volu...
Bitcoin miner Riot says chip shortage, climate-focused regs are risks to profit
As part of its annual report’s risk disclosures section, Riot Platforms said it expects to continue paying “higher than usual” costs for ASIC miners until the chip crisis is resolved. Bitcoin BTC $51,375 miner Riot Platforms said that an ongoing chip shortage, the constant need...
Kraken files to dismiss SEC suit — ‘Dangerous precedent’ for overreach
The SEC’s suit against Kraken has “has no limiting principle” and gives the agency too wide of an authority, the crypto exchange argues. Crypto exchange Kraken has filed to dismiss a November lawsuit from the United States Securities and Exchange Commission, arguing it sets a “d...