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Unfortunately, it’s not looking good for FTX customers looking to raise the tragically low bitcoin price that the bankruptcy estate will use to calculate their repayments. Yesterday, a US bankruptcy judge denied a victim’s request to use a higher price than $16,871. Specifically, the judge denied Australian Bitcoin miner NuGenesis Ou’s request to vacate a January 31 ruling that set the USD calculation date for crypto asset pricing to November 11, 2022. On a separate and unrelated issue, NuGenesis also complained about FTX calculating the price of its proprietary token, NuCoin, at $0 as of November 11, 2022. More relevant to most customers who simply owned bitcoin or major altcoins, however, is that the bankruptcy judge denied NuGenesis’ request to move the USD calculation date away from November 11, 2022 for any crypto asset. NuGenesis’ attorney argued that the company didn’t receive its legally required notice of the November 11, 2022 date. However, FTX attorneys argued...

Following the approval of Spot Ethereum ETFs this week, Standard Chartered analysts have said that Solana (SOL) and Ripple (XRP) ETFs could launch in 2025. Indeed, the bank is expecting more crypto-based ETFs to be on the way within the next year, The Block reports. Ethereum joined Bitcoin as two of the only cryptocurrencies to receive spot ETFs in the United States. However, Standard Chartered is one of many financial institutions that expect that to change over the next several months. Moreover, the bank’s analysts point to Solana and XRP as the prominent targets for the investment products. JUST IN: Standard Chartered Bank says Solana and XRP ETFs could launch in 2025. — Watcher.Guru (@WatcherGuru) May 24, 2024 Also Read: Bitcoin to Hit a New All-Time High This Week: Standard Chartered Standard Chartered Predicts Solana and XRP ETFs Next Year Source: Bitcoin.com The start of 2024 saw the digital asset market take a massive step forward in its...

Though it can hardly be said that Ethereum (ETH) has underperformed in the 2024 cryptocurrency bull market, ETH has – unlike many other coins and tokens, including Bitcoin (BTC) – failed to reclaim its all-time highs (ATH). Indeed, with Ethereum price today standing at $3,660.17 after a 65.58% year-to-date (YTD) rise, the cryptocurrency has seemingly found a strong resistance zone near $3,800 and has, despite multiple attempts in recent months, proven unable to maintain a valuation above it. ETH YTD price chart. Source: Finbold Things may soon change, however, given that ETH is set to get an entirely new contingent of institutional and retail investors with the approval of spot exchange-traded funds (ETFs), announced on May 23. Picks for you How rich is Utah senator Mitt Romney; Mitt Romney's net worth revealed ...

Image Source: Metaplanet Metaplanet , a Japan-based investment firm, has experienced an extraordinary surge in its stock price, positioning it as the highest gainer among Japanese stocks. This dramatic rise can be attributed to its adoption of a Bitcoin investment strategy, mirroring the approach of the American company, MicroStrategy . Unprecedented Stock Surge NEW: Since adding #Bitcoin to their balance sheet, Metaplanet has become the best-performing stock in Japan this week, being halted at a maximum daily gain of +50%for two days in a row. pic.twitter.com/PXVGQKYwbN — Bitcoin News (@BitcoinNewsCom) May 22, 2024 Over the past week, Metaplanet’s shares have skyrocketed by 158%, with a notable 127% increase in the last two days alone. The Tokyo Stock Exchange (TSE) had to halt trading twice due to the rapid price escalation, invoking circuit breaker rules. This impressive rise has brought Metaplanet’s market cap close to the $1 billion mark, currently ...

The US House of Representatives approved the FIT21 crypto bill in a historic vote that is a step towards giving the crypto industry what it’s long demanded: clear regulation of digital assets. The FIT21 (Financial Innovation and Technology for the 21st Century Act) crypto bill aims to provide a robust regulatory framework for the digital asset industry. But current US President Joe Biden’s administration has openly opposed it, arguing that it lacks the necessary protection for crypto investors and consumers. “Thank you Congress— FIT21 is real progress,” said Paul Grewal, chief legal officer at crypto exchange Coinbase. ”71 House Democrats just joined Republicans to defeat the scape goating, fear mongering and ignorance of fellow legislators who refused to legislate.” Democrats Cross Party Lines To Support FIT21 Crypto Bill FIT21 marks the first time a major crypto-related bill has cleared one of the chambers of Congress. This was after the ...

Ethereum (ETH) is on a bull rally amid positive expectations regarding the Securities and Exchange Commission (SEC) of the United States’ approval of Ethereum spot ETFs and BlackRock’s (NYSE: BLK) interest in real-world assets (RWA) tokenization. Analysts started speculating on price as the cryptocurrency market awaits further developments in exchange-traded fund (ETF) approval and BlackRock’s endeavors. Reaching $5,000 in the next few days is possible as speculation heats up, even before the awaited ETF approval. In particular, two analysts from the private wealth management firm Bernstein forecast a 75% pump to $6,600 moving forward. According to Gautam Chhugani and Mahika Sapra, ETH could mirror Bitcoin’s (BTC) gains after its ETFs’ approval earlier this year. DefiLlama reported this and six other experts’ opinions about Ethereum on May 22. Picks for you ...

Though the process has been ongoing for a relatively long time – and even the most outspoken opponents of the crypto market have been getting involved, including during the ‘crypto winter’ – 2024 has been the year of institutional cryptocurrency adoption. The trend has been most evident and extensive with regard to Bitcoin (BTC), particularly since the approval of the U.S.’ first-ever spot BTC exchange-traded funds (ETFs). Indeed, these financial instruments have seen significant institutional interest in recent months, with investors of all stripes joining the action. Picks for you Biden campaign in panic mode as Trump accepts crypto donations 44 mins ago How rich is the Senate Minority Leader; Mitch McConnell's net worth ...

Table of Contents: PAW DOGE SHIB Introduction: Memecoins have taken the cryptocurrency world by storm, and one in particular is attracting a lot of attention. Here’s why investors are rushing to this memecoin. PAW: PawFury (PAW) is the memecoin everyone is talking about. With a presale that has already raised $2.5 million and a vibrant community of over 30,000 members on Telegram, PAW is not just another meme coin; it's a promising investment opportunity. The presale is selling out fast, making now the perfect time to secure your spot. Analysts predict a 20x ROI as PawFury concludes its presale and launches on major exchanges. This makes PawFury a top contender for investors seeking a high-potential crypto. DOGE: Dogecoin (DOGE) remains a strong player in the memecoin market. Its loyal community and widespread recognition make it a stable investment in the volatile world of cryptocurrencies. SHIB: Shiba Inu (SHIB) is known as the "Doge kil...

Crypto bros have branded Wikipedia ’s Solana coverage ‘absolute garbage’ and have voiced concerns about Web3 is Going Just Great creator Molly White’s role in editing online articles. Ethereum researcher Emmanuel Awosika took issue yesterday with Wikipedia ’s coverage of the Crypto industry on X (formerly Twitter), claiming “Solana manlets are probably the worst hit here.” “No way I’d be touching [Solana] if Wikipedia was my first source of information (Ethereum, surprisingly, had better coverage). Someone needs to edit that page and spend less time on Twitter ads.” Awosika also brought up White’s potential involvement in editing crypto-related articles for Wikipedia and her influence on Wikipedia’s decision to reject cryptocurrency donations. “Do non-profits like Wikimedia have a COI policy, too,” he asked. He then added, “People have complained about Wikipedia’s coverage of the crypto industry, but I never grasped the problem until ...

Toncoin ( TON ) has had a stellar year so far in 2024. The asset hit an all-time high of $7.63 on April 11, 2024, just over a month ago. Despite the incredible performance this year, TON has faced a 3% correction in the daily charts and a 12.5% correction in the weekly charts. Nonetheless, the asset has maintained some gains from its April rally, rising 3.7% in the 14-day charts and 2.5% over the previous month. Source: CoinGecko Also Read: Toncoin Surges 13% Post Pantera Investment: When Will It Hit $10? While TON is down by 16.9% from its all-time high, some analysts anticipate the asset to surpass its previous peak this week. Toncoin (TON) to hit a new all-time high Source: Medium/Redficrypto According to CoinCodex, TON ’s price could surge to $7.70 on May 24, 2024, a new all-time high. Moreover, the platform anticipates the asset to continue its bullish trajectory over the next few weeks. CoinCodex predicts TON to hit $21.70 on June 17, 2024. Hitting $21.70 fo...

The United Kingdom had the world’s strongest stock market up until the early 1900s. However, at the start of the 20th century, the U.S. stock market grew by leaps and bounds outpacing the U.K. by a large margin. The dominance of the U.S. stock market started in 1904 and no other country has come closer since then. The global supremacy reigns for over 120 years making it the longest-ever serving financial market in history. Also Read: 10 ASEAN Countries To Ditch the U.S. Dollar Source: Fortune The U.S. Stock Market Reigns Supreme For 120 Years Source: Unsplash While the U.S. stock market has been on top for over 120 years, only China seems to be competing with its dominance. However, despite the competition, the Chinese economy remains at a distant second and has a long way to the top. Also Read: Asian Hedge Funds Are Massively Accumulating the U.S. Dollar That’s taking into consideration China’s growing economy and GDP only. Its equities, the Shanghai Stock E...

Cryptocurrency price s did moderately well last week as investors embraced a risk-on sentiment in the financial market. Bitcoin jumped to above $67,000 for the first time in over a month while BitBot continued its token sale, raising millions of dollars. This article focuses on BitBot, Floki, and Arweave. Arweave price forecast Arweave is one of the biggest players in the web 3 industry with a market cap of over $3 billion. It is disrupting the online storage industry by providing permanent storage solutions for developers. Developers can also launch smart contracts that handle transactions within seconds using its Warp technology. Arweave’s price has done well in the past few weeks as it defied the gravity that we have seen in the crypto industry. It jumped to a high of $50 last week, its highest level since January 2022. It has soared by over 1,150% from its lowest point in 2023. Most recently, it has jumped for four straight weeks. Turning to the wee...

Crypto analyst Michael Wrubel gives his honest review of this new project presale, believing it has potential due to its Learn-to-Earn model. The new Ethereum project 99Bitcoins is getting a lot of attention. This “Learn-to-Earn” platform has already raised over $1 million in its presale. Investors are eager to buy in before the 99Bitcoins Token (99BTC) launches on the open market. 99Bitcoins token raises over $1 million for innovative Learn-to-Earn platform Although many crypto projects launch presales, few have made an impact like 99Bitcoins Token. In just one month, the presale for $99BTC has raised over $1.2 million. The current discounted presale price is $0.00105. However, potential investors need to act quickly because the price will increase in less than 24 hours when the next stage begins. You can buy tokens with ETH, USDT, BNB, fiat currencies, or credit and debit cards. Alternatively, potential investors can visit our guide on how to buy 99Bitcoins toke...

Bitcoin’s [BTC] price experienced a slight decline erasing some of the gains from the previous two days. This dip followed warnings from Federal Reserve officials, which tempered expectations for interest rate cuts this year. Despite this setback, BTC has remained within the $60,000 to $70,000 trading range. This has been the case for the past two months. Source – CoinMarketCap Throughout 2024, Bitcoin has seen several major events that initially sparked high hopes among its supporters. The approval of the spot exchange-traded funds [ETFs], a new all-time high [ATH] in March, and the April halving event were all expected to significantly boost Bitcoin’s price. However, recent weeks have further brought unexpected drama and uncertainty to the market. Also Read: Bitcoin and Altcoins Surging Following CPI Report – 5 Best Crypto to Buy Now So How High Can Bitcoin Surge By the End of 2024? The sophisticated AI developed by OpenAI has offered its prediction...