BlockFi, a centralized crypto lender, recently shut down its web platform and selected Coinbase as its distribution partner for customer fund withdrawals. The move comes as BlockFi aims to ensure a swift transition for eligible customers following the closure of its platform. BlockFi Selects Coinbase As Exclusive Partner According to the company’s press release on the matter, eligible BlockFi clients will have the option to access their crypto withdrawals via Coinbase after the withdrawal request deadline of April 28, 2024.  Crypto-eligible customers who missed the withdrawal deadline or ..read more

The landscape of the United States’ cryptocurrency industry is embroiled in a fierce showdown between the Biden administration and industry stakeholders, with far-reaching implications for both the sector’s future and the nation’s political dynamics. Hoskinson’s Warning: A Vote Against Crypto Leading the charge against Biden’s stance is Charles Hoskinson, founder of Cardano, who minced no words in expressing his dismay. In a passionate social media post, he accused the administration of seeking to dismantle the American cryptocurrency industry. Hoksinson claims: “A vote for Biden is a vote aga ..read more

A crypto analyst has predicted a mega-bullish rally for the XRP price, the native token of the XRP Ledger (XRPL). Using trend lines, a technical analysis tool used to identify the direction in which a cryptocurrency’s price is moving, the analyst has projected a breakout to $250.  Analyst Predicts XRP Is About To Go Parabolic A crypto analyst identified as “The Block Bull,” on X (formerly Twitter) has shared a blueprint of XRP’s price action during this market cycle. The analyst has identified crucial junctures for XRP, including anticipated break-out points, interim peaks and the transit ..read more

Jack Dorsey, the former CEO of Twitter and a well-known figure in the tech and cryptocurrency sectors, recently shared his view that Bitcoin could reach $1 million by 2030. His prediction is part of a broader bullish outlook on the pioneer cryptocurrency, suggesting that its value could continue to climb even after hitting this milestone. Dorsey’s comments came during a detailed discussion about the future of digital currencies and his own experiences in the industry. Dorsey’s Vision: Beyond Bitcoin’s Price Dorsey’s enthusiasm for Bitcoin extends beyond its potential price appreciation. In the ..read more

The November US elections could become a major event for the crypto industry as the government’s crackdown on the sector has created an unclear and uncertain landscape for investors and businesses. As such, voters and crucial figures are taking presidential and congressional candidates’ stances on the sector as a defining factor to consider. Recent reports revealed a nonprofit organization has launched a new Political Action Committee (PAC) to support industry-friendly politicians running for Congress. Raising Funds For Pro-Crypto Candidates On Friday, Reuters reported on Stand With Crypto’s n ..read more

Dogecoin holders are accumulating DOGE tokens amidst the recent price dip from $0.1686 to $0.1423. DOGE recently went on a price surge to cross above the $0.168 price level on May 6 to push 5.21 million addresses into profitability. However, the cryptocurrency reversed and went on a little correction throughout May 7. According to on-chain data from Santiment, large DOGE holders capitalized on this drop and added around 265.86 million DOGE tokens to their wallets.  Whales Accumulating DOGE According to data from Santiment, an on-chain analytics platform, DOGE addresses holding between 100 ..read more

According to a recent Bloomberg report, trading volume on major cryptocurrency exchanges experienced a significant decline in April, marking the first drop in seven months.  This decline coincided with a retreat in the price of Bitcoin, which had previously hit a record high of $73,700 on March 14th and then hit a monthly low of $59,000 in late April. Trading Volume On Coinbase, Binance, And Kraken Tanks Data from CCData, a renowned research firm, reveals that spot trading volume on centralized exchanges (CEXs) such as Coinbase Global, Binance, and Kraken decreased by 32.6% to $2 trillion ..read more

The Ethereum (ETH) market is buzzing with activity after a whale (an investor with significant holdings) made a splash by withdrawing a whopping $18 million worth of ETH from Binance, a leading cryptocurrency exchange. This move, meticulously tracked by blockchain analysis platform Lookonchain, has sent a positive vibe through the crypto community, hinting at a potential Ethereum bull run fueled by innovative DeFi (decentralized finance) strategies. Whale Makes Waves With DeFi Power Play The whale’s activity wasn’t just a simple withdrawal. It showcased a cunning DeFi maneuver designed to supe ..read more

Crypto exchange Kraken has intensified its fight against the US Securities and Exchange Commission (SEC) by formally submitting a reply in support of its motion to dismiss the agency’s lawsuit. The filing, dated May 9, 2024, challenges the SEC’s claim that Kraken operated as an unregistered exchange dealing with securities, specifically “investment contracts.” Led by Matthew C. Solomon from Cleary Gottlieb Steen & Hamilton LLP, Kraken’s legal team disputes the SEC’s allegations, asserting that no specific investment contracts traded, brokered, or settled on Kraken’s platform have been iden ..read more

In a recent episode on the popular podcast ‘The Rich Dad Channel,’ Robert Kiyosaki, the author of the renowned book “Rich Dad Poor Dad,” advocated for crypto investments, specifically Ethereum and Bitcoin. The financial expert has shed light on the diminishing value of the United States Dollar (USD), emphasizing the potential onset of a market crash.  Ethereum To Serve As Hedge Against Currency Depreciation During the podcast, speaking with Andy Schectman, the President and owner of Miles Franklin, precious metals, Kiyosaki discussed the importance of investing and saving in digital curre ..read more