Author name: Peter

SFC Warns Against Unregulated Floki and Tokenfi Crypto Staking Programs

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Hong Kong Watchdog Cautions Investors The Securities and Futures Commission (SFC) of Hong Kong has issued a public warning to investors regarding the "Floki Staking Program" and "Tokenfi Staking Program." These crypto-related investment products promise high returns but lack the necessary regulatory approval. Risky Investment Programs Both the Floki and Tokenfi programs, which are part […]

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73% of European Crypto Users Optimistic About the Future of Cryptocurrency: Binance Survey

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A recent survey conducted by cryptocurrency exchange Binance has revealed that 73% of European respondents are optimistic about the future of crypto. The survey, which included participants from France, Spain, Italy, and Sweden, aimed to gain insights into the crypto investing habits of European users. With a total of 10,498 participants, the survey results provide

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Stellar Development Foundation Delays Protocol 20 Upgrade Due to Bug Discovery

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Introduction The Stellar Development Foundation (SDF) has announced a delay in the Protocol 20 upgrade of the Stellar blockchain, originally scheduled for January 30. The decision follows the discovery of a bug in Stellar Core v20.1.0, which could potentially impact Soroban transactions. Collaborative Decision-making Process In a blog post dated January 27, the SDF expressed

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2024 Sees Steepest Weekly Plunge in NFT Sales, 5 Major Blockchains Register Double-Digit Losses

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NFT Market Faces Sharp Decline In the span between Jan. 20 to Jan. 27, 2024, there was a notable decline in the sales volume stemming from non-fungible tokens (NFTs), plunging 21.25% from the week before. The leading blockchains in seven-day sales, Ethereum and Bitcoin, experienced substantial decreases, ranging from 28.78% to 12.62%, respectively. Steepest Decline

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Gareth Soloway Predicts Potential Bitcoin Dip to $15K in Case of Stock Market Sell-Off

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Insights from Gareth Soloway In a recent interview with Gareth Soloway, the chief market strategist at verifiedinvesting.com, Soloway suggested that bitcoin might revisit the $15K level should a significant stock market sell-off occur. Soloway shared insights on his approach to analyzing various data sets for forecasting future trends and drawing conclusions. Bitcoin's Historical Trends Soloway

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Vanguard Rejects Bitcoin ETFs, Citing Cryptocurrency as an Immature Asset Class with No Intrinsic Value

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Vanguard, a prominent financial institution, has provided insights into its decision to exclude spot bitcoin exchange-traded funds (ETFs) from its trading platform. An executive from Vanguard emphasized that cryptocurrency is considered an "immature asset class" with no historical track record, intrinsic economic value, or cash flow, and has the potential to disrupt investment portfolios. Vanguard's

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Charles Schwab Poised to Disrupt Bitcoin ETF Market with Potential Late Entry

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Analysts Predict Charles Schwab's Move to Shake Up Bitcoin ETF Arena In the aftermath of a remarkable 11-day period during which U.S.-based spot bitcoin exchange-traded funds (ETFs) accumulated a trading volume of $25.36 billion, discussions have arisen regarding the potential involvement of Charles Schwab, the American multinational financial services corporation. Eric Balchunas, Bloomberg's lead ETF

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JPMorgan Predicts Relief for Bitcoin as Grayscale Profit-Taking Declines

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JPMorgan's Bitcoin Price Forecast Global investment bank JPMorgan has provided its insights into the cryptocurrency market, specifically addressing the recent bitcoin selloff. The price of BTC dropped from above $47,000 before the approval of the spot bitcoin exchange-traded fund (ETF) to below $39,000 this week. One of the factors contributing to the bitcoin selloff is

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SEC Crypto Enforcement Reached New High in 2023

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According to a new report, crypto enforcement actions by the U.S. Securities and Exchange Commission (SEC) reached a new high in 2023, with more than a 50% increase compared to the previous year. The SEC continues to prioritize cryptocurrency-related enforcement, bringing a total of 46 enforcement actions against various digital-asset market participants. SEC Prioritizes Crypto

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