Crypto trader profits $9M in 3 days, hits 3,000x return on investment

With regulatory bodies rumored to soon accept a pure Bitcoin (BTC)-backed exchange-traded fund, it is important to understand the journey of some of the first crypto-based ETFs that have recently been approved by government agencies.The United States Securities and Exchange Commission approved a Bitcoin-adjacent ETF, giving investors the opportunity to gain exposure to Bitcoin through…

A community member started a discussion on r/cryptocurrency on why inflation isn’t pushing more people into the crypto space. 129 Total views 2 Total shares While some anticipate that more people will naturally get into crypto due to inflation, the reality is far from some community members’ expectations. A discussion in the r/cryptocurrency subreddit highlighted…

The peer-to-peer (p2p), over-the-counter (OTC) branch of Chinese cryptocurrency exchange Huobi has added support for Ripple (XRP). The company announced the news in a press release shared with Cointelegraph on March 6.XRP joins Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Eos (EOS) and Huobi Token (HT) in the list of assets supported by Huobi’s OTC trading…

On Friday, August 19, the total crypto market capitalization dropped by 9.1%, but more importantly, the all-important $1 trillion psychological support was tapped. The market's latest venture below this just three weeks ago, meaning investors were pretty confident that the $780 billion total market-cap low on June 18 was a mere distant memory.Regulatory uncertainty increased…

Nonfungible token (NFT) firm Dust Labs is migrating its two top-performing Solana NFT projects — DeGods and y00ts — onto Ethereum and Polygon in a bid to expand their adoption. The news was announced on DeGods and y00ts Twitter page on Dec. 25, with both NFT projects expected to be officially bridged onto Ethereum and Polygon…

Bitcoin and altcoins declined sharply in the first quarter in a selloff that was partly triggered by a shift in central bank policy. 302 Total views 30 Total shares Cryptocurrency investment manager Galaxy Digital Holdings reported a sharp loss in the first quarter due to unrealized losses in its digital asset portfolio, underscoring heightened volatility…

Lawyer Kyle Roche previously withdrew as counsel on several crypto class-action lawsuits, including the Tether and Bitfinex Crypto Asset Litigation. 575 Total views 23 Total shares The fallout from the leaked Kyle Roche videos has continued after two law firms submitted a document to the court asking that his law firm Roche Freedman be removed…