Author: Coinschart

Crypto investor and trader Brian Kelly has suggested that Solana (SOL) could potentially become the next cryptocurrency to have a spot exchange-traded fund (ETF) in the United States. On a recent episode of CNBC’s ‘Fast Money’, Kelly, who also serves as the founder and CEO of the BKCM Digital Asset Fund, posed the question, “The trade now is, who’s next?” He then suggested, “You’ve got to think about Solana as probably the next one. Bitcoin, Ethereum and Solana are probably the big three for this cycle.” The speculation comes just a day before the Securities and Exchange Commission (SEC) is set to decide on at least one proposed spot Ether…

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The number of United States adults reporting crypto ownership or usage has seen a significant decline, according to the latest annual household survey conducted by the Fed. The survey, known as the Survey of Household Economics and Decisionmaking (SHED), indicates that approximately 18 million US adults reported using cryptocurrencies in 2023, representing a drop from previous years. In the 12-month period leading up to October 2023, the survey found that 7% of the surveyed US adults reported using cryptocurrencies, down from 10% in 2022 and 12% in 2021. Only 1% Used Crypto for Financial Transactions: Fed Survey Among those who reported…

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The UK government’s Charity Commission probe has concluded that Effective Ventures Foundation, an FTX-funded charity, acted “diligently and quickly” to protect charity funds in the wake of FTX’s massive collapse. “The inquiry found that the trustees took appropriate steps to protect the charity’s funds and complied with their legal duties acting diligently and quickly following the collapse of FTX,” a press statement read. Per the investigation, the charity fund received £3.3 million ($300,000) in donations, which the trustees “ringfenced,” requesting and obtaining a Defiance against Money Laundering from the National Crime Agency. Further, the charity also decided to reach a settlement agreement…

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Source: Midjourney The price of the leading cryptocurrency Bitcoin surged over 23% this month, crossing the $52,000 mark for the first time since December 2021. 12% of the surge came during US trading hours, as per a report by Matrixport. Other regions also contributed significantly to Bitcoin’s rise this month. Europe contributed 7% while Asia 4% in Bitcoin’s 23% monthly gain, Matrixport revealed. The majority of trading activity occurred during US trading hours as the US Securities Exchange Commission finally approved a series of spot Bitcoin exchange-traded funds, opening floodgates for billions of dollars of inflows from institutional investors. Investors Turning…

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Source: Midjourney An Australian man has vanished after allegedly pocketing about half a million dollars when cryptocurrency trading platform Rhino Trading Pty Ltd accidentally added an extra zero to his account, according to an ABC report. The man who has been named as, Kow Seng Chai, has allegedly pocketed hundreds of thousands of dollars after a cryptocurrency trading platform mistakenly credited his account with AUD $995,000 in (US $652,316) instead of AUD $99,500 (US $65,237.) Rhino Trading Pty Ltd said Chai has failed to respond to requests to return the money. By the time the trading firm picked up the error…

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Chainalysis has unveiled a new case of fraud involving a single company operating from a compound in Myanmar, which swindled a sum of over $100 million from victims in less than two years.  The firm, in collaboration with the US anti-slavery group International Justice Mission, conducted an analysis that traced digital coins issued by Tether, one of the world’s largest cryptocurrency platforms, used in what are known as “pig butchering” scams.  According to Chainalysis, Tether tokens were also employed to make payments to a company located in a compound called KK Park in eastern Myanmar. These payments were made by families of…

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Shreya Datta, a 37-year-old tech professional from Philadelphia, has fallen victim to a cryptocurrency romance scam that left her financially ruined.  The scam, commonly known as “pig butchering,” involves fraudsters using deceitful tactics to gain victims’ trust and trick them into investing in fake cryptocurrencies.  The scam targeting Datta began on the dating app Hinge, where she encountered “Ancel,” a charming French wine trader supposedly based in Philadelphia, she told France24.  The conversation quickly moved to WhatsApp, where the pair exchanged selfies, flirtatious messages sprinkled with emojis, and even engaged in brief video calls.  Datta felt captivated by Ancel’s charisma and believed…

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Balance, a digital asset custodian based in Canada, has revealed that it has once again achieved $2 billion in assets under custody (AUC) amid the recent recovery in crypto markets.  With Bitcoin’s (BTC) value more than doubling over the past year and crossing $1 trillion in market cap, Balance has seen a resurgence in its crypto assets, with clients now exploring new products and offerings, the company said in a recent press release.  George Bordianu, the CEO of Balance, acknowledged the challenges faced during the bear market of 2022, which caused the company’s AUC to drop from a peak of $2.5 billion to…

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As the AI stock pump on Wall Street eases and major cryptocurrencies trade mostly trading in the red on Friday, highly risk-tolerant crypto degenerates are hunting for top crypto gainers today in the unregulated on-chain shitcoin markets. Bitcoin (BTC) and Ether (ETH) were both last down around 1% in the past 24 hours, as per CoinMarketCap. Both remain close to recent highs at $51,000 and around $2,950 respectively and within in recent ranges. Traders continue to monitor themes such as Fed rate cuts, the upcoming halving, and an upcoming Ethereum blockchain upgrade. As the 2024 rally in mega-cap cryptos takes a breather, traders hunting…

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The United States Attorney’s Office has made a formal request to a federal judge seeking additional travel restrictions for Changpeng Zhao, commonly known as CZ, the former CEO of Binance.  In a recent court filing, U.S. Attorney Tessa Gorman asked Magistrate Judge Brian Tsuchida to approve a motion that outlines the conditions for CZ’s release on bail.  The prosecutors have requested that CZ remain within the continental United States until his sentencing hearing on April 30, and they also want him to provide a three-day notice for any travel plans to allow the government to raise objections. Authorities Ask CZ to Surrender…

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