Bitcoin stalls below $70K despite $20B ETF inflow milestone

Bitcoin’s (BTC) correlation with the S&P 500 is at a 2-year high. This is a bearish sign for the cryptocurrency market.Cryptocurrency market research firm, Santiment, pointed out that the recent market downturn resulted in a high correlation between Bitcoin and the traditional financial markets in a March 20 tweet.According to Santiment, Bitcoin’s correlation with traditional…

StockX is an online reseller estimated to be worth $3.8 billion, and NFT sneakers in dispute are still online. 126 Total views 11 Total shares Popular sneaker maker Nike has started the "licensed NFT" wars by taking an online reseller called StockX to court for trademark infringement or sale of unlicensed nonfungible token (NFT) sneakers.According…

When privacy is at stake, how do tech leaders respond to government demands? Take a look at the tactics of the Big Five.

Authorities in Texas have issued a cease and desist order against an alleged crypto scammer operating on Craigslist.According to an Aug. 7 announcement, the Texas State Securities Board (SSB) enforced an emergency action against New York-based purported investment provider Forex and Bitcoin Trader. The SSB states that this is the fourth such action since the…

Tether said the new loans were made at the request of some of its long-standing partners, and it plans to cut it down to zero by 2024. 425 Total views 3 Total shares Tether, the largest stablecoin issuer in the crypto market, has seen a rise in its stablecoin lending, or secured loans, in 2023

Canadian police have frozen assets of the founders of blockchain consulting firm Vanbex, which raised $22 million in an alleged fraudulent initial coin offering (ICO). The development was reported in a court document released on March 14.According to the document, Vanbex founders Kevin Hobbs and Lisa Cheng claimed to the public that they operated a…

The Chicago Mercantile Exchange, or CME, has hosted over $100 billion in volume for its Bitcoin futures trading product. “CME Bitcoin futures have surpassed $100 billion in total notional value traded since their launch in December 2017,” CME Group Managing Director and Global Head of Equity Index Alternative Investment Products, Tim McCourt, told Cointelegraph.  Institutions join cryptoDuring…

Multinational bank Standard Chartered considers potential downside for Bitcoin in 2023 as the cryptocurrency ecosystem weathers the collapse of FTX. Own this piece of crypto history Collect this article as NFTThe value of Bitcoin (BTC) is being touted to drop as low as $5,000 in 2023 according to Standard’s Chartered global research head and chief…

Voyager reopened its bidding process after FTX US, the original winner, filed for bankruptcy on Nov. 11. 865 Total views 7 Total shares Crypto exchange CrossTower is working on a revised offer for the assets of bankrupt crypto lender Voyager Digital, a spokesperson told Cointelegraph. Voyager announced the reopening of its bidding process after FTX…