Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Binance's DOJ Settlement Fuels Bitcoin Price Increase

Binance’s DOJ Settlement Fuels Bitcoin Price Increase

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Binance’s settlement with the US Department of Justice has triggered a significant increase in Bitcoin’s price. This development has reignited traders’ hopes for the approval of a spot Bitcoin Exchange Traded Fund (ETF), which is expected to bring substantial capital into Bitcoin, thereby driving up prices across the crypto market. Despite Binance co-founder Changpeng ‘CZ’ Zhao’s guilty plea and a hefty $4.3 billion settlement, the market noticed Binance wasn’t suffering from a massive funds exo

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Binance BNB Forecasts: Unanticipated Downturn Despite Detractors' Assertions

Binance BNB Forecasts: Unanticipated Downturn Despite Detractors’ Assertions

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The ‘Whale Wire’ critic anticipates a 95% plunge in Binance’s BNB to below $5 due to potential legal issues and increased regulatory oversight, potentially leading to Binance’s insolvency and affecting its overall business scheme. Despite these Binance BNB predictions, Binance continues to lead the global cryptocurrency exchange market, with BNB maintaining its position among the top five cryptocurrencies. New CEO Richard Teng confirms that client funds are secure and compliance reforms are unde

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Bitcoin Supply Profit Soars as Majority of BTC Becomes Profitable Again

Bitcoin Supply Profit Soars as Majority of BTC Becomes Profitable Again

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The Bitcoin supply profit has experienced a notable surge, reaching heights not seen in the past two years, according to Glassnode. The Bitcoin supply in profit reached a zenith during the recent market surge, with approximately 83.6% of the circulating Bitcoin supply, equivalent to 16.36 million BTC, now held with profits. Despite the market’s slight dip from its November 2021 peak, the unrealized profit in these coins remains relatively moderate. This recent increase in Bitcoin supply profit h

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Matic Price Prediction: Is Polygon Heading for a Negative Trend?

Matic Price Prediction: Is Polygon Heading for a Negative Trend?

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MATIC’s price has witnessed a major decline of approximately 10% in the wake of the SEC’s legal action against Kraken, which implicated MATIC as collateral. This downward turn began after MATIC couldn’t surpass the $0.98 resistance against the American dollar, subsequently trading beneath $0.80 and the 100 simple moving average (4 hours). A significant bearish trend line is developing with resistance around $0.788 on the 4-hour graph of the MATIC/USD pair. Should MATIC fail to climb over the $0.

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: The Aftermath of Binance Billion Outflow: CZ's Legal Issues Examined

The Aftermath of Binance Billion Outflow: CZ’s Legal Issues Examined

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After Changpeng ‘CZ’ Zhao, former CEO of Binance, pleaded guilty to money laundering charges and agreed to a $4.3 billion settlement with the U.S. Justice Department, the world’s largest crypto exchange experienced a significant ‘Binance billion outflow’. Within 24 hours, more than $1 billion was withdrawn, contributing to a net outflow of $703 million over the past week. Despite this, Binance recorded net inflows of $1.68 billion in the past month, retaining its leading position among all centr

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Open AI Sam Altman Steps Back in as CEO, Refreshes Board Composition

Open AI Sam Altman Steps Back in as CEO, Refreshes Board Composition

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Open AI has confirmed an initial agreement for Sam Altman, Open AI Sam Altman, to reprise his role as CEO, introducing a reshuffled board featuring Bret Taylor as chairman, Larry Summers, and Adam D’Angelo. Altman’s return comes on the heels of Microsoft CEO, Satya Nadella, securing his skills to head a new AI research group. Both Open AI and Altman are reportedly in ongoing discussions to settle the specifics of his comeback.

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Grayscale Bitcoin Trust: Journey Towards Transformation Into a Spot Bitcoin ETF

Grayscale Bitcoin Trust: Journey Towards Transformation Into a Spot Bitcoin ETF

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In a recent meeting with the SEC, Grayscale executives discussed a potential rule change to transform the Grayscale Bitcoin Trust into a spot Bitcoin ETF. Grayscale’s partnership with BNY Mellon, aimed at assisting with share issuance and account management, was also disclosed. However, this does not guarantee immediate transformation of GBTC. The proposal, now termed ‘uplisting’, could see Grayscale controlling $20 billion in assets, thus dominating the ETF landscape. Despite competition from g

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Crypto Enthusiasts Respond to SEC Chairman's Debatable Remarks

Crypto Enthusiasts Respond to SEC Chairman’s Debatable Remarks

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The crypto world has been set ablaze following a recent speech by SEC Chairman, Gary Gensler, at the 2023 Securities Enforcement Forum. His assertion that the SEC should act as ‘allies of honest businesses and persecutors of deceit’ has sparked a wave of reactions from numerous crypto community members. Ripple’s top legal executive, Stuart Alderoty, accused Gensler of bias against cryptocurrencies and claimed that the SEC has wrongly initiated lawsuits against specific crypto organizations witho

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Institutional Crypto Trading Transformed: Key Collaboration between OKX, Komainu, and CoinShares

Institutional Crypto Trading Transformed: Key Collaboration between OKX, Komainu, and CoinShares

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To accelerate the institutional adoption of cryptocurrencies, crypto exchange OKX has strategically allied with Komainu, a custody service, and CoinShares, an investment manager. This partnership enables round-the-clock trading of separate assets, underpinned by robust security protocols and minimized counterparty risks.

As announced on November 15, CoinShares can now trade on the OKX platform with Komainu safeguarding the collateral assets. This arrangement not only heightens the appea

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Differing Opinions on Bitcoin's Future Amid Expectations of ETF Authorization

Differing Opinions on Bitcoin’s Future Amid Expectations of Bitcoin ETF Authorization

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The crypto community eagerly awaits the US approval of Spot Bitcoin ETFs, anticipating it could launch a bullish Bitcoin surge. However, noted economist Peter Schiff counters this optimism, projecting a Bitcoin crash ahead of the SEC’s approval of spot Bitcoin ETFs. He recently used a social media survey to predict when the next Bitcoin downturn might occur. Despite most of his followers thinking the crash will happen post-ETF approval, Schiff asserts it will take place beforehand.

Sch

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: The Remarkable Rise of THORChain: The Journey from RUNE's Price Hike to Becoming the Second Biggest DEX

The Remarkable Rise of THORChain: The Journey from RUNE’s Price Hike to Becoming the Second Biggest DEX

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THORChain, a protocol for decentralized exchange, has recently risen to be the second biggest DEX, with its inherent cryptocurrency, RUNE, witnessing a significant hike. In the past week, THORChain’s trading volume has soared past $1.325 billion, outshining PancakeSwap and only lagging behind Uniswap. This swift expansion was unpredicted, even by Chad Barraford, THORChain’s main developer.

THORChain is often juxtaposed with Uniswap as a multichain equivalent, allowing users to carry out

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Prospects for Spot Bitcoin ETF Approval Brighten, Yet Launch Could Be Postponed

Prospects for Spot Bitcoin ETF Approval Brighten, Yet Launch Could Be Postponed

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While a dozen asset managers have applied for a spot Bitcoin ETF with the SEC and the initial approval window is set to open on November 8, analysts forecast that even with approval, the real launch might see a month’s delay due to the ETF’s two-tier launch process. This involves obtaining SEC clearance from the Trading and Markets division and the Corporate Finance division. Despite nine of the twelve Bitcoin ETF applications having presented revised prospectuses, any SEC approval of the 19b-4

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