Author: News Room

A federal grand jury in Florida has indicted nine individuals accused of laundering drug money through cryptocurrency for Mexican and Colombian cartels. According to the US Department of Justice, the defendants allegedly operated a “network of black market cryptocurrency launderers and unlicensed money transmitters” to facilitate the scheme.  Crypto Money Laundering Drug Scheme The operation, spanning from 2020 to 2023, involved collecting cash from drug sales across US cities, converting the funds into cryptocurrency, and transferring it to digital wallets under their control. The cryptocurrency was then converted back into cash and delivered to cartel leaders in Mexico and Colombia.…

Cboe Global Markets, Inc., announced plans to launch the first cash-settled options product linked to spot bitcoin, effective Dec. 2. The new offering seeks to enhance access to cryptocurrency derivatives for investors. New Bitcoin Options to Launch on Cboe Platform According to the announcement, the new product will be exclusively traded on the Cboe Options […] Read the full article here

Ethereum is undergoing its most prolonged inflationary period, with over 350,000 ETH (worth around $1.1 billion) added to its supply since the March Dencun upgrade, according to Ultrasound.money data. Ethereum’s current inflation rate is 0.35%.The increase has brought the total supply to 120.4 million ETH, leaving just under 95,000 ETH to match the levels seen at the Ethereum Merge in Sept. 2022.ETH’s nearly two years of supply reduction have been wiped out in just seven months since EIP-4844, also known as Dencun or Proto-Danksharding.How Dencun altered Ethereum’s supply dynamicsThe Dencun update introduced significant changes that reduced Ethereum’s base fee burn…

This week, the total cryptocurrency market exploded above $3.4 trillion for the first time in history, adding close to $400 billion in the process. This comes on the back of considerable gains across the board, including Bitcoin, Ethereum, Solana, Ripple, Cardano, and more. Let’s start with Bitcoin – the primary cryptocurrency that has been teasing traders by breaking out to $100K for more than a day now, inching closer and closer each time. At the time of this writing, it’s trading at slightly below $99,000, less than two percent away from $100,000. That said, Bitcoin is not the biggest start…

Bitcoin (BTC) is close to reaching $100,000, with prices hovering just over $99,000 after a recent spike. U.S. spot BTC ETFs have seen over $1 billion in net inflows, with BlackRock’s IBIT leading at $600 million. While there’s strong demand and bullish long-term bets with futures and options pricing above $100,000 into 2025, a short-term pullback near $100,000 is anticipated. Bitcoin (BTC) prices are a little over 1% away from reaching a landmark $100,000, close to 15 years after the asset was first issued. BTC prices spiked above $99,200 early Friday, dipping to $98,600 before holding over $99,000 in Asian…

The Graph, a decentralized indexing system that acts like a Google for blockchains, has unveiled a data standard for Web3. Called GRC-20, the standard will define how information is structured, distributed, and linked between decentralized applications, according to The Graph website in a blog post accompanying a proposal from developer Yaniv TAL to improve The Graph. The GRC-20 proposal builds on the concept of knowledge graphs, which Tal introduced in June. “Knowledge is created when information is linked and labeled to attain a higher level of understanding,” the blog explains, with knowledge graphs capturing the connections and relationships between pieces…

The enigmatic Shiba Inu lead Shytoshi Kusama shares a response to investors asking him to propel a massive price spike for SHIB. Shiba Inu has been unusually calm since its previous rally earlier this month, which saw it surge to $0.00003031. However, the token could not continue its uptrend as it recently plunged below the $0.000025 level. Investors Desire Substantial Rally for SHIB Amid Ongoing Market Uptrend With other crypto assets, particularly Bitcoin, witnessing significant price spikes, several SHIB investors have been urging the team behind the Shiba Inu ecosystem to make efforts that could lead to a substantial rally…

Ethereum’s derivatives market may be signaling bullish momentum today, with futures open interest rising by over 12% to reach an all-time high of $20.8 billion. Ethereum Futures Open Interest Surpasses $20 Billion, Reaching All-Time High: This follows a 7% price increase in the last 24 hours that took Ethereum to $3,365. Open interest, which measures the total number of contracts outstanding in a derivatives market, has reached unprecedented levels for Ethereum, with analysts attributing the increase to growing bullish sentiment among derivatives traders. According to a CryptoQuant report, the Ethereum OI-weighted futures funding rate has risen multiple times over the…

Coinbase, the largest cryptocurrency exchange in the United States, has been drawing attention with its listings in recent days. At this point, Coinbase, which has increased its listing speed in recent days, continues to list many expected altcoins. While the most notable of these is Floki Inu (FLOKI), Coinbase announced that it wants to list more memecoins in the coming days. Speaking to Bloomberg, Coinbase global policy chief Tom Duff Gordon said that they plan to list more smaller tokens, including memecoins. Stating that they expect more positive developments in the cryptocurrency market with Trump’s re-election, Gordon said, “Coinbase will…

Solana (SOL) price has surged 16.96% in the last seven days and is now very close to reaching a new all-time high. The recent rally has positioned SOL just under 3% from its previous ATH, signaling strong bullish sentiment in the market. However, indicators like BBTrend and ADX suggest that the current uptrend is losing some momentum, raising caution for potential consolidation or a pullback. SOL BBTrend Is Still Positive Solana currently has a BBTrend of 9.56, marking a sustained positive trend since November 18. While it remains in bullish territory, the value is down from its monthly high of…