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ForkLog 20 27.02.2024

Russia Legalizes Digital Financial Assets for International Transactions Amid Skepticism

Russia has authorized the use of digital financial assets and utility digital rights for international contracts. Experts question the demand for this tool, citing issues with digital financial assets, including liquidity problems. Cryptocurrencies remain a more convenient means of settlement for businesses. On February 27, the Russian State Duma passed in the third reading a […]

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ForkLog 22 27.02.2024

Bybit Identifies Ethereum as Leading Institutional Crypto Asset

The share of Bitcoin and Ethereum in institutional portfolios increased from 50% to 80%. Open interest in options for the second-largest cryptocurrency by market capitalization reached a new all-time high. The growth is linked to increased volatility, expectations for the Dencun upgrade, and prospects for ETF approval. Ethereum has taken the largest share among cryptocurrencies […]

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ForkLog 9 27.02.2024

Spot Bitcoin ETF Trading Volume Hits Record $2.4 Billion

Trading volume of spot ETFs based on digital gold, excluding GBTC, reached a peak of $2.4 billion. BlackRock’s IBIT surged to $1.29 billion, making it attractive to institutional investors. Experts linked activity spikes in other products to high-frequency traders. On February 26, trading turnover of GBTC’s competitors reached a peak of $2.4 billion since the […]

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ForkLog 24 26.02.2024

Mantle Token Surges 20% to All-Time High Amid L2 Sector Growth Predictions

The native token of the Ethereum Layer 2 solution, Mantle Network (MNT), soared by 20% in a day to reach $0.948, marking an all-time high. 15-minute chart of MNT/USDT on Bybit. Source: TradingView. At the time of writing, the coin’s price had adjusted to $0.885 amid a broader market decline. According to CoinGecko, the asset’s […]

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ForkLog 10 25.02.2024

Lawyer Predicts Timeline for Approval of Spot Ethereum ETF

If the U.S. Securities and Exchange Commission (SEC) does not approve a spot Ethereum ETF by May 2024, it is likely to do so by mid-2025, according to lawyer Scott Johnsson. SEC simultaneously issued initial comment letters on issuers’ BTC spot ETF reg statements on 9/29/2023. We saw amended S-1s show up about 2 weeks […]

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ForkLog 61 23.02.2024

CoinGecko Identifies Optimal Timing for Selling Airdrop Tokens

According to a study by CoinGecko, 23 out of 50 projects (46%) that conducted major airdrops saw token price peaks within the first two weeks post-release. Data: CoinGecko. “This suggests that the best time to sell airdrop tokens is within the 14-day period from receipt,” the report states. Among the coins that achieved maximum short-term […]

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ForkLog 41 23.02.2024

Pantera Capital Predicts Bitcoin Surge to $147,000 by 2025

Bitcoin is projected to rise to $147,000 by 2025. The DeFi ecosystem based on digital gold could reach a value of $72-450 billion. Based on previous halving cycles, Bitcoin’s price is expected to drop to $35,448 in April 2024, followed by a rise to $147,000 in 2025, according to forecasts from Pantera Capital. With all […]

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ForkLog 10 22.02.2024

Experts Warn of Risks in Spot Ethereum ETFs

Potential exchange-traded funds based on the second-largest cryptocurrency, which will lock assets in staking, pose risks to the Ethereum ecosystem, according to a report by S&P Global Ratings. Experts suggest that spot ETH-ETFs could become “large enough to alter the concentration of validators in the network for better or worse.” Analysts believe that potential issuers […]

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ForkLog 10 21.02.2024

Former Celsius CEO to Engage Lawyers of Sam Bankman-Fried

Former Celsius CEO Alex Mashinsky plans to rely on the same legal team as FTX founder Sam Bankman-Fried in court. Former Celsius CEO Alex Mashinsky said he was comfortable using the same lawyers as FTX founder Samuel Bankman-Fried to defend him against charges that he pumped up the price of his firm’s cryptocurrency https://t.co/pxxhxKkYZ6 — […]

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ForkLog 5 21.02.2024

Bitcoin ETFs: Industry Perspectives on Competition and Adoption

Nearly a month and a half has passed since the approval of spot exchange-traded funds based on the leading cryptocurrency. ForkLog has gathered opinions from industry representatives on the benefits and risks of this new instrument. 21Shares predicts high competition in the crypto fund market. The CEO of Crystal Intelligence noted increased adoption of digital […]

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ForkLog 15 21.02.2024

Russian Central Bank Revokes License of Qiwi Bank Amid Cryptocurrency Exchange Transfers

Qiwi Bank’s license was revoked due to high-risk operations, specifically mentioning cryptocurrency exchanges. The closure of the payment system will not affect legitimate market players. The regulator’s statement in this case does not pertain to the crypto industry. On February 21, the Russian Central Bank revoked the license of Qiwi Bank for systematic violations of […]

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ForkLog 11 20.02.2024

Experts Debate the Onset of Altcoin Season

While Bitcoin’s growth has slowed, Ethereum has nearly reached a two-year high at $3000. Many market participants predict the start of an altcoin season, though some remain cautious. As the second-largest cryptocurrency by market capitalization approached $3000, several industry analysts forecasted the onset of an altcoin season. Over the past week, Ethereum outperformed Bitcoin with […]

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