Bitcoin price has cautiously ratcheted upward since Jan. A rising trend channel from $16,600 to $30,000 almost doubled the spot price of BTC in H1. The price changed in three phases, with blistering rallies that happened in January, March, and June. Here’s what large language model chatbot Google Bard has to say about the best...Read More
On Aug. 3, CEO and founder of MN Trading, Michaël van de Poppe, reported on the current state of the crypto market and the lengthening crypto winter. Altcoin investors are slowly losing faith in the markets as they are still not moving at all, he said. Furthermore, altcoin markets have been trending downwards since May...Read More
Fitch downgraded the U.S. government’s credit rating Tuesday, citing the national debt and deteriorating politics. Bitcoin is already looking good this year with the NFTs. But this really puts the shine on BTC. One of the “Big Three” credit ratings companies, Fitch, notched the United States’ rating down from AAA to AA+ this week. Only...Read More
The United States Securities and Exchange Commission (SEC) and its Chairman, Gary Gensler, have received a significant wave of criticism from numerous organizations and individuals (including some American politicians) for the way they have treated the cryptocurrency industry over the years. Ripple’s recent court victory against the Commission prompted even more lawmakers to castigate the...Read More
The choppy market has caused severe headwinds for Bitcoin miners as the hash rate reaches new record highs. The rise comes ahead of the much anticipated halving event slated for next spring that is expected to catalyze the largest crypto asset’s price action. Recent data suggested that Bitcoin’s hash rate has increased by nearly 661%...Read More
The legal clash between Ripple and the US Securities and Exchange Commission has turned into a cornerstone case for the entire cryptocurrency industry. According to many, it may have serious implications for future lawsuits, regardless of how it ends. Most recently, Judge Analisa Torres ruled that secondary sales of XRP didn’t constitute investment contracts –...Read More
Artificial Intelligence (AI) has become ubiquitous, making its presence felt across various sectors. Gradually infiltrating every aspect of human activity, this buzzword, although not entirely new, has captivated the minds of both seasoned tech gurus and novices alike. The integration of the digital asset space and AI was inevitable. Industry players are actively exploring innovative...Read More
The crypto market has recovered a lot of the losses sustained in 2022, with BTC rising by over 80% YTD and many altcoins performing even better. This led to questions and analysis within the community about whether the bear market is over and the industry is preparing for yet another bull cycle. Moreover, the BTC...Read More
On July 13, Ripple scored a big win in its nearly three-year-long legal battle against the US Securities and Exchange Commission (SEC) after a court ruled that the majority of XRP sales do not fall under the classification of securities transactions. This has raised questions about the potential implications for cryptocurrencies, such as Solana (SOL),...Read More
The entire crypto market is rallying after the judge overseeing Ripple V. SEC ruled that neither XRP, nor most situations in which it transacted, are securities. The ruling has also prompted exchanges like Coinbase to relist XRP starting today. In a tweet on Thursday, Coinbase Assets confirmed that it will re-enable trading of XRP on...Read More
Bitcoin jumped by a few hundred dollars minutes after the US announced the CPI numbers for June. It’s worth noting that both the core and the overall Consumer Price Index were lower than estimated. According to an analysis made ahead of the CPI announcement for June, the general estimations suggested a decline in the inflation...Read More
Bitcoin (BTC) has treated its faithful well in 2023, having appreciated over 80% year to date. However, there may be better ways for investors to capitalize on the asset’s success besides stacking actual sats. Here’s a look at how some Bitcoin-related assets and companies are performing next to BTC, from financial companies to mining stocks....Read More
Bitcoin (BTC) has seen positive returns for two consecutive quarters, ending the first half of 2023 in green, according to data compiled by the cryptocurrency information platform CoinGlass. For the first quarter, the leading crypto asset posted a return of 71.77% and 7.19% at the end of the second one. The last time bitcoin recorded...Read More
In the past two weeks, there has been a series of spot Bitcoin exchange-traded fund (ETF) applications from different traditional finance giants in the United States. The frenzy started after BlackRock, the world’s biggest asset manager with over $9 trillion in AUM, submitted its spot Bitcoin ETF filing with the United States Securities and Exchange...Read More
MicroStrategy – the company spearheaded by one of Bitcoin’s most vocal and influential proponents Michael Saylor – has bought some $350 million worth of BTC. Michael Saylor broke the news on Twitter. MicroStrategy has acquired an additional 12,333 BTC for $347 million at an average price of $28,136 per Bitcoin. As of 06/27/2023, MicroStrategy hodls...Read More
With the U.S. Securities and Exchange Commission (SEC) launching a full offensive against crypto this year, an ongoing lawsuit against one of the agency’s first industry targets – Ripple – remains as prevalent as ever. Given recent developments, many parties close to the case believe the court’s ruling may be imminent. How might the result...Read More
Central Bank Digital Currencies (CBDCs) are slowly becoming a reality. The initial hype may have faded, but to crypto advocates’ disdain, these digitized versions of legal tenders appear to be inevitable. So far, 100 countries are reported to be exploring the concept in some form or the other. Despite not yet being rolled out full-fledged,...Read More
The U.S. Securities and Exchange Commission went ham on crypto exchanges last week by filing toothy lawsuits against Binance and Coinbase. While crypto exchanges and altcoins are in the hot seat, the regulator is leaving BTC and ETH alone, at least for now. When news of the SEC’s lawsuit against Binance and Coinbase hit markets,...Read More
Just one day after launching a slew of charges against Binance, the U.S. Securities and Exchange Commission (SEC) has filed a 101-page lawsuit against Coinbase – America’s largest cryptocurrency exchange. Similar to Binance, the agency alleged that Coinbase has failed to register as either a broker, national securities exchange, or clearing agency, despite serving the...Read More
Watch that little blue line on Google Trends for “bitcoin” hit the ceiling if the U.S. defaults on its debt. BTC might suffer at first as markets go risk-off, but could easily shine in another global financial crisis. House Republicans reached a tentative deal with President Joe Biden’s White House over the Memorial Day Weekend....Read More
The company behind the world’s largest stablecoin announced on May 30 that it wants to mine BTC using sustainable energy in the South American country. To do so, Tether has decided to invest in “renewable energy sources to support and promote sustainable Bitcoin mining.” The company’s statement noted that the South American nation is among the...Read More
Speaking on the Unchained podcast on May 23, Dan Berkowitz muddied the regulatory waters even further by stating that crypto assets can be both commodities and securities. The notion goes against the opinion of Securities and Exchange Commission Chair Gary Gensler who asserts they are all securities with investment contracts. Referring to Ethereum, he said...Read More
Today- May 22 – is the 13th anniversary of Bitcoin Pizza Day, a historic event that marked the first time BTC was publicly used as a medium of exchange. On 22 May 2010, Laszlo Hanyecz, a programmer and early Bitcoin adopter, forever etched his name in history by purchasing two Papa John’s pizzas for 10,000...Read More
Markets in Crypto Assets (MiCA) is being hailed as the world’s first comprehensive set of rules that aims to bring the largely unregulated cryptocurrency markets under government regulation. It is part of a broader digital finance package, aka ‘Digital Operational Resilience Act (DORA),’ which aims at protecting the financial services sector from fraudulent activities and...Read More
Tether – the company behind the largest stablecoin by means of total market cap – USDT – will be buying Bitcoin. It joins the rank of other large corporations by adding the primary cryptocurrency to its balance sheet. Tether revealed today that starting this month (May), the company will “regularly” allocate as much as 15%...Read More
Decentralized Finance (DeFi) players have been left unscathed as the unmonitored control of off-chain capital of centralized crypto entities led to misdeeds and bad trades, and subsequent collapses. Be it multi-billion dollar bankruptcies, fraud allegations, rampant scandals, or plunging crypto-asset prices, 2022 was characterized by tragic events, culminating mostly from CeFis, which, in turn, enhanced...Read More
Litecoin’s third halving is officially 100 days away, with the event expected to occur on August 2, 2023, at block 2,520,000. However, the date may change due to the network’s hash rate fluctuations. Halving is a mechanism in which the rewards that crypto miners receive for validating transactions on a blockchain are cut in half....Read More
The deal was previously halted by the SEC, given the green light, and stopped again by the CFTC and U.S. District Courts. After Binance US and Voyager Digital reached an agreement for a buyout, the process of getting the deal approved began. At first, the SEC and the DOJ requested more time to gather evidence...Read More
The number of countries approving different types of bitcoin futures trading continues to increase, with the UK being the latest example. The London Stock Exchange Group has tapped Global Futures Options to start offering the nation’s first regulated trading clearing in bitcoin index futures and options derivatives. Although the exact date of the product launch...Read More
Bitcoin appears to have hit a ceiling as the price continued to hover below the psychological resistance level of $30,000. This has led some to believe that the rally may soon come to an end since futures OI has been relatively flat throughout the year. But the options market has a different story to tell....Read More
