BlockFi, a bankrupt crypto lender, has announced a significant step in its journey towards repaying its clients. The first interim distribution of funds will be facilitated through Coinbase, starting this month. This interim distribution is set to begin in July and will be processed in batches in the coming months. Eligible clients will be notified
Crypto
DeFi Technologies, a Canadian fintech company, has been making significant moves in the cryptocurrency space recently. The company has acquired a large batch of Bitcoin (BTC) to add to its balance sheet, following its decision to make the asset a core part of its treasury strategy last month. In addition to the 110 BTC it
Bitcoin’s price has been on a rollercoaster ride recently, with a month of bearish price action followed by a strong recovery. The market is currently showing signs of upward momentum, with the potential to reach a new all-time high in the near future. On the daily chart, the price has managed to find support at
Shiba Inu (SHIB), the second-largest meme coin by market capitalization, recently experienced a surge in price, increasing by almost 20% in just two weeks. However, this rally was short-lived as the price dropped by 4.5% in the past 24 hours, currently valued at approximately $0.00001868. This decrease coincided with a significant decline in active Shibarium
The leading crypto exchange, OKX, has recently announced the discontinuation of its services in Nigeria due to recent regulatory changes. This decision has left Nigerian users with a limited amount of time to withdraw their assets from the platform before facing restrictions. According to emails sent to OKX’s Nigerian users, customers have until August 30
The Chief Investment Officer of Bitwise Asset Management has made a bold prediction regarding the future of Ethereum prices. He believes that the introduction of Ethereum Exchange-Traded Products (ETPs) will lead to a significant price rally for ether (ETH), pushing it to new all-time highs above $5,000 by the end of the year. This forecast
In recent days, XRP has emerged as one of the strongest performing cryptocurrencies, experiencing a notable surge in value. The crypto asset, which briefly touched $0.62, a level unseen since March, has shown resilience and strength in the face of market volatility. With over 40% gains over the past week, XRP has captured the attention
In recent days, the spot Bitcoin ETFs have been experiencing positive inflows, leading to a significant recovery in the price of the underlying asset. Bitcoin, after facing extreme turbulence at the beginning of the month, saw a drastic drop to a three-month low of under $54,000 on July 5. However, the asset has since managed
In a recent development, Australian computer scientist Craig Wright’s claims of being the Bitcoin creator, Satoshi Nakamoto, have landed him in legal trouble. The Crypto Open Patent Alliance (COPA) vs. Wright case has revealed that High Court Justice James Mellor has referred Wright’s misconduct to the Crown Prosecution Service (CPS) for potential charges of perjury
The US spot Bitcoin ETFs saw a significant daily net inflow of $301 million on July 15th, marking a seventh consecutive day of gains amid a broader market recovery. Notably, none of the ETFs experienced outflows on that day, signaling a strong investor sentiment towards Bitcoin. Among the ETFs, BlackRock’s IBIT emerged as the top
