FTX creditors are seeking damages against the law firm Sullivan & Cromwell for its prior involvement with the crypto exchange. FTX bankruptcy case has unfolded to a new chapter as the exchange’s creditors have filed a class-action lawsuit against the law firm overseeing the case. In a court filing on Feb. 16, FTX creditors alleged…
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ETH bulls call for $3,000 as the next stop for Ether, but the altcoin corrected by 46% the last time it traded above this level. Ether price has been on an upward trend for the past 10 days, accumulating gains of 21.5% during this period as it flirts with the $2,800 level. The bullish momentum in…
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Key Points: Revolut is launching an advanced trader-centric crypto exchange, offering lower fees and robust analytics. The platform promises a fee range of 0% to 0.09%, introduces limit and market orders, with no fees on limit orders. After halting crypto services for UK business customers, Revolut now targets advanced traders with enhanced tools. Revolut is…
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Bitcoin may be “up only” on short timeframes, but seasoned traders are already preparing for a blow-off BTC price top and subsequent bear market. Bitcoin is on the way to $55,000 this week — but warnings of a new bear market are already surfacing. In his latest analysis on X (formerly Twitter) on Feb. 14, popular trader…
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Amid growing staking demand, the price of Ether has made significant strides, reaching a new yearly high above $2,800. The total amount of staked Ether in the Beacon Chain has reached 30,206,801 ETH, which is worth over $85 billion, locking up nearly 25% of the total circulating supply. There are currently 943,974 active validators on…
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Key Points: Starknet Foundation announces a distribution plan for native token STRK, with nearly 1.3 million wallets eligible for rewards. The Starknet STRK token airdrop scheduled for Feb. 20 aims to distribute 728 million tokens, with users having until June 20 to claim their share. The Starknet Foundation has announced its distribution plan for its…
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The endorsement follows European Union member states voting to approve the final text of the EU’s AI Act. Update 12:45 pm UTC: This article has been updated to mention EU guidelines on citizens’ rights. European Union legislators in the European Parliament approved the preliminary agreement on groundbreaking regulations for artificial intelligence (AI) on Feb. 13. This…
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Bitcoin faces a sea of global bank bailouts in the coming years, Tuur Demeester believes — fueling a BTC price explosion to seven figures and beyond. Bitcoin will see a minimum of $200,000 in the coming years and could pass half a million dollars, a popular analyst predicts. In his latest update on long-term BTC price action, advisor…
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Key Points: The Crypto Fear and Greed Index hits 79, indicating extreme greed akin to the 2021 peak. Bitcoin has doubled in value over the past year, despite intermittent dips. The Crypto Fear and Greed Index, a gauge of market sentiment for cryptocurrencies like Bitcoin, has surged to 79 out of 100, marking a phase…
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A crypto user spent $113,000 in gas in an apparent attempt to snipe the launch of a new ERC-404 token, which pumped and dumped to zero just 35 minutes later. In typical bull-run fashion, a crypto user has just been spotted spending a staggering $113,000 in gas fees in an attempt to purchase $26,000 worth…
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