It intends to establish regulations for the crypto market misuse and associated services. The FCA plans to beef up its intervention and monitoring systems. For the years 2024–2025, the UK’s Financial Conduct Authority (FCA) has outlined its primary objectives. Improving the regulator’s ability to detect and punish instances of market abuse is a priority. It […]

Armstrong said that the heavy trading demand was the cause of the many outages. The traffic spiked by more than 10 times in only one hour as a result of the Bitcoin price rise. Following its recent spate of unscheduled failures, crypto exchange Coinbase has said that it would have to upgrade its infrastructure in […]

The firm plans to lower costs on its GBTC Bitcoin ETF in the coming months. The decision is most likely made in response to the persistent withdrawals from GBTC. Crypto asset manager Grayscale’s chief executive officer Michael Sonnenshein has announced a fee reduction plan for the company’s flagship Bitcoin exchange-traded fund, the Grayscale Bitcoin Trust […]

The SEC has extended the deadline for its decision to May 30, 2024. Eric Balchunas, recently revised his prediction for spot ETH ETF approval by May to 30%. The date by which the U.S SEC will decide whether it will approve the Hashdex Nasdaq Ethereum exchange-traded fund has been postponed. Hashdex ETF will hold ether […]

Bitcoin hovered near the lowest level in about two weeks, sapped by moderating inflows into dedicated exchange-traded funds as well as concerns that the scope for US interest-rate cuts is diminishing.Source: Bloomberg Crypto The post Bitcoin Wobbles as Traders Await Fed Guidance on Scope for Rate Cuts appeared first on Crypto Breaking News.

Ethereum price extended its decline below $3,200. ETH is struggling and it seems like the bears are now aiming for a move toward the $3,000 support zone. Ethereum started a downside correction below the $3,350 zone. The price is trading below $3,350 and the 100-hourly Simple Moving Average. There is a major bearish trend line […]

The official X account for Trezor began asking users to send crypto to an unknown wallet address and posted nefarious links to a fraudulent token presale. The official X account of hardware wallet manufacturer Trezor has published a series of nefarious posts pointing to fraudulent presale token offerings, suspectedthe result of a suspected SIM-swap attack. […]

Goldman Sachs is seeing more institutions diving into crypto, the global investment bank’s head of digital assets has revealed, noting that until now the bitcoin price action has been driven primarily by retail investors. “But it’s the institutions that we’ve started to see come in,” he stressed, adding that the appetite has “transformed.” Bitcoin ETFs […]

Bitcoin price started a downside correction from the new all-time high at $73,835 against the US Dollar. The price is now trading below $65,000 and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support at $71,000 on the 4-hour chart of the BTC/USD pair (data […]

The stage is set for a federal judge to determine how long Sam Bankman-Fried may spend in prison. The U.S. Department of Justice and defense attorneys have now both filed their arguments, as well as statements from FTX creditors (from the prosecution) and Bankman-Fried’s family and friends (from the defense).Source: CoinDesk The post Does Sam […]