CRYPTO

Just like it created a buzz in the market when it filed an application for a Bitcoin exchange-traded fund (ETF), BlackRock sparked a surge in the price of ETH by registering an iShares Ethereum Trust in Delaware on Thursday.

A brief examination of Binance's 38DN2 wallet at 11:53 a.m. ET on Thursday revealed that it had already been emptied, as the billion-dollar transfer had taken place approximately seven hours earlier.

The latest development highlights one of the highest volumes observed in the entire year.

The upsurge, which saw ETH trade in the green zone above the $1,900 price level, signals the continuous momentum in the crypto market as it enters the second week of a bull run.

Grayscale Chief Legal Officer Craig Salm has also said financial giants like BlackRock and Fidelity are making progress with their spot Bitcoin ETF applications.

While the SEC has remained mum about the development surrounding the spot Bitcoin ETF applications, Bloomberg Intelligence analysts maintained their previous prediction that there is a 90% chance that the filings will be approved by Jan. 10, 2024.

Last week, Bankman-Fried was convicted on all seven charges brought against him by the U.S. government.

This recent development aligns HSBC with major banks such as Deutsche Bank and JPMorgan, all of which have embraced blockchain applications in recent months.

The recent upsurge in the price of Shiba Inu came following a series of initiatives launched by the Shiba Inu development team.

ETF analysts think the odds for Bitcoin ETF approvals by the end of 2023 is 75%. They said the SEC might approve multiple filings at once.

Over 100 people profited $240,000 each from the scam while 200 individuals earned approximately 120,000 each.

The recent bull run in the cryptocurrency market led by the Bitcoin price rally fostered progress in many crypto assets, with XRP crossing a crucial psychological price mark for the first time in three months.

The lawsuit claimed the defendants took control of Armstrong's account on X.com (formerly Twitter) "for the express purpose of publicly harassing, embarrassing, and intimidating" him.

Rep. Steve Womack said defunding the SEC is a means to curb its regulatory overreach and help it focus on its primary mission.

The Shiba Inu development team unveiled a new initiative this week as part of its goal of transforming SHIB into a more decentralized ecosystem.

The FTX estate has, by far, moved around $102 million in Solana to exchanges via a series of transactions that could impact the token and could trigger holders to dump their SOL holdings.

The Bitcoin value surge has ended the crypto market's long winter, with predominantly inactive long-term holders signaling a bullish sentiment.

The recent shift in Bitcoin dominance suggests that new investors are entering the market, as it follows a long period of market downtrend.

Currently, there are 12 spot Bitcoin ETF applicants awaiting a decision from the Securities and Exchange Commission (SEC).

John Deaton made the claim in a post on X in response to Ripple Labs chief legal officer Stuart Alderoty, who said the court ruling on the SEC vs Govil case underlined that the financial regulator cannot ask for a "crippling disgorgement award without first proving that 'investors' suffered actual financial harm. In other words, no harm, no foul."

Musk has over the years swayed prices of numerous crypto assets, especially DOGE with just his online posts. The tech billionaire can easily create his own cryptocurrency, but it appears that he is reluctant to officially launch one, and he hasn't explained why.

After his conviction on all seven charges, the question about the funding of SBF's legal war chest has once again surfaced, but this was already answered by a March report from Forbes, which highlighted the link between SBF's legal defense and the controversial use of Alameda Research funds.

Considering the disclosures of FTX advisors, it looks like privacy and anonymity are not at all guaranteed, particularly in centralized crypto exchange platforms like Sam Bankman-Fried's FTX.

Based on the post, the upcoming initiative may have something to do with Shiba Identity since it mentioned that those interested need to submit basic contact information.

Engineers of cryptocurrency exchange platforms are being targeted by the Lazarus Group using the novel macOS malware known as KandyKorn.

Block's Bitcoin revenue represented 43% of its $5.6 billion total revenue, driven by heightened consumer demand and positive spending, boosting its overall Q3 growth.

"Sam Bankman-Fried thought that he was above the law. Today's verdict proves he was wrong," U.S. Attorney General Merrick B Garland said in a statement.

The blockchain firm announced that its native cryptocurrency XRP has been approved under the Dubai Financial Services Authority's virtual assets regime.

The SEC's enforcement action came a few months after PayPal officially launched its stablecoin dubbed PayPal USD (PYUSD).