Cryptheory – Just Crypto

The post Litecoin ETF: Potential SEC Approval and Market Impact in Cryptocurrency appeared first on Coinpedia Fintech News The crypto community is anticipating a Litecoin ETF, championed by founder Charlie Lee, awaiting SEC approval. Lee’s optimism can possibly be ascribed to Litecoin structural similarities with Bitcoin, favoring its ETF classification. Ethereum relying on Proof-of-Stake brings regulatory challenges, delaying potential ETF approvals. Meanwhile, Lee is cautious about the prospects of Ethereum’s ETF because of …

The post Binance Burns 1.4 Billion Terra Luna Classic (LUNC) Tokens! appeared first on Coinpedia Fintech News Binance supports the Terra Luna Classic community’s 21st batch of the LUNC burn mechanism, eliminating 1.4 billion LUNC tokens. This step makes Binance Binance’s total LUNC burn to over 57 billion. It’s a major contribution to the community’s total burn that exceeds 112 billion tokens. Though it witnessed declining trading volumes in April, Binance attributed …

The post Ripple’s (XRP) Bullish Q2 Price Outlook; NEAR Protocol Gains Traction; RECQ Favored By Whales appeared first on Coinpedia Fintech News TLDR XRP returns to bullish tracks, with sights set on $1 before the end of quarter two. NEAR Protocol trades on the upside, oblivious to bearish signals. Rebel Satoshi Arcade excites whales and is tipped for a 55x jump after its market debut. With the second quarter of the year shifting gears, it is a …

The post Changpeng Zhao’s Post-Prison Plans: Embracing Education and Crypto appeared first on Coinpedia Fintech News Four months after his arrest and prison sentence in Seattle, “C.Z.,” the founder of Binance, shared his plans in a thank you message to the supporters on Twitter. He plans to stay a passive investor in crypto and become more implicated in education, through his Giggle Academy. Although he was accused of money laundering last …

The post US Treasury’s $125M Plan and Arthur Hayes Insights Hint at Crypto Market Recovery appeared first on Coinpedia Fintech News The US Treasury’s $125 million refunding and buyback plan, alongside insights from Arthur Hayes, signal potential market stabilization. This measure by the Treasury Department points at a possible stability for both crypto and stock markets. Arthur Hayes points at macroeconomic factors like a $200 billion infusion of tax receipts to be most crucial for market …

The post Algotech Presale Inches Closes to $5M Presale, MATIC Price Hits Critical Level While Filecoin Braches for Next Leg Up   appeared first on Coinpedia Fintech News The Algotech presale is on a record-breaking run, nearing a staggering $5 million. However, the broader market presents a nuanced picture. The price of MATIC, a prominent DeFi player, has dipped to a critical level, prompting questions about a potential course correction. Conversely, Filecoin, a decentralized storage network, exhibits resilience, suggesting continued growth on the …

The post Filecoin & Stacks Holders Shift to DTX Exchange’s $470,000 Presale Amid Price Decline For 25x ROI  appeared first on Coinpedia Fintech News The crypto market is witnessing notable price declines due to macroeconomic activities, legal scrutiny of various deFi projects, and interest rates. Moreover, many investors have liquidized their assets after a short post-halving surge leading the altcoin industry to a bearish momentum.   Amid these trends, Stacks (STX) and Filecoin (FIL) show notable price declines on the …

The post UK Treasury Report: Crypto Identified as High-Risk for Money Laundering 2022-2023 appeared first on Coinpedia Fintech News A.U.K. Treasury report ranked crypto, alongside retail and wholesale banking, and wealth management, as the three highest-risk sectors for money laundering during 2022-2023. The Financial Conduct Authority’s risk assessments on 238 firms concurred with the outcome. Since 2020, the FCA has regulated crypto firms to comply with anti-money laundering rules. In fact, the U.K. has …

The post Standard Chartered Forecasts Bitcoin Could Decline to $50,000 Amid Market Conditions appeared first on Coinpedia Fintech News Standard Chartered Bank predicts Bitcoin’s price, currently around $57,000, could drop to $50,000 as it breached the $60,000 threshold. The head of forex and digital assets research, Geoffrey Kendrick highlighted crypto-related concerns like U.S. ETF outflows and the heated response to the launches of Hong Kong ETF. Other influences include macro trends like U.S. liquidity …

The post Rep. McHenry Alleges SEC Chair Gensler Misled Congress on Ethereum Status appeared first on Coinpedia Fintech News Rep. Patrick McHenry (R-NC), Chair of the House Financial Services Committee, accused SEC Chair Gary Gensler of misleading Congress about Ethereum’s status. Consensys’s unsealed document from a lawsuit reveal Ethereum’s year-long internal consideration by the SEC as an unregistered security. Also, McHenry has criticized the SEC’s contradictory public stance and private actions, and called it …