Ethereum Price To Hit $10K as BTC Eyes $200K Rally
Standard Chartered predicts Ethereum could hit $10,000 by 2025 and Bitcoin $200,000 soon, following Trump’s win and a Fed rate cut. Standard Chartered has made a bold prediction that the price of Ethereum is likely to reach $10,000 in the near future. This statement has sparked excitement in the midst of the continuing climb. In […]
California Revokes BlockFi’s Lending License Two Years Post-Bankruptcy
Bankrupt and now defunct BlockFi has entered into a settlement in which it has consented to the revocation of its license and to cease unsafe practices. The California Department of Financial Protection and Innovation (DFPI) has permanently revoked the license of BlockFi, a bankrupt cryptocurrency lender, two years after the company declared bankruptcy. On November 7, […]
Coinbase Launches cbBTC on Solana
Coinbase launched cbBTC, a Bitcoin-backed SPL token on Solana, with Coinbase as custodian. Coinbase has now announced that cbBTC will be the first token on Solana to have Bitcoin backing. Coinbase is the custodian of the newly created SPL token, which has a 1:1 backing from Bitcoin. Users will have an easier time gaining access […]
Mt. Gox Shifts $2.2B in Bitcoin, Intensifying BTC Selling Pressure
For over a decade, about 127,000 Mt. Gox creditors owed more than $9.4 billion in Bitcoin. Mt. Gox recently transferred billions in Bitcoin, with some of it directed toward centralized exchanges, potentially signaling further creditor repayments as the decade-long case nears its end. A wallet linked to the bankrupt exchange moved over $2.19 billion in […]
Standard Chartered’s Crypto Custodian Zodia To Raise $50Million
Zodia, backed by several financial firms, plans to raise $50 million to reach out to more diverse investors. Zodia Custody, the institutional crypto custody platform partly owned by Standard Chartered, is set to scale its global operations through new funding. CEO Julian Sawyer revealed plans to raise $50 million to expand services and launch new […]