Tag: COIN:ETHUSD
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Crypto This Wednesday: Bitcoin Tests 30K Support, MicroStrategy Acquires More BTC, And More
Bitcoin tests $30,000 support Bitcoin (COIN:BTCUSD) retested the $30,000 support on June 28, while the US Federal Reserve remained aggressive on inflation. Powell indicated in Sintra, Portugal, further hikes in interest rates, pushing BTC to operate in a narrow range. Bitcoin’s share of criminal transactions declines, Ethereum stands out According to the TRM Labs report, over…
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Crypto This Tuesday: Fidelity Plans Spot BTC ETF, Robinhood Lays 150 Employees, and More
Bitcoin reacts after reports Fidelity plans to apply for Bitcoin ETF The price of Bitcoin (COIN:BTCUSD) surged following reports that asset management firm Fidelity was planning to apply for a spot Bitcoin ETF. While there was a brief increase to $31,000, it soon returned to $30,500. Fidelity had previously tried to apply for an ETF in 2021,…
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Crypto This Monday: NEAR Soars After Alibaba Partnership, HSBC Makes Way for Crypto in Hong Kong, and More
Bitcoin holds new support on growing US interest At the open of Wall Street on June 26, Bitcoin (COIN:BTCUSD) price was at $30,500 with new support being held by the bulls. Buyer interest in the US boosted the market, especially due to announcements of institutional product applications based on the spot price of Bitcoin. US-led demand is on…
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Crypto This Friday: Tesla Reinstates DOGE Payments, JPMorgan Expands JPM Coin, and More
IMF acknowledges limitations of cryptocurrency ban The International Monetary Fund (IMF) has acknowledged that banning cryptocurrencies may not be effective in the long term. Instead, the focus should be on meeting digital payment needs and improving transparency in the use of these assets. Countries in Latin America and the Caribbean are leading the way in adopting digital…
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Crypto This Wednesday: BTC Jumps, Jerome Powell Emphasizes Stablecoin Oversight, And More
Jerome Powell Highlights Oversight of Stablecoins as “Form of Money” US Federal Reserve Chairman Jerome Powell has stated that the regulator considers stablecoins to be a “form of money” and believes that central banks should oversee them. He made this statement during a hearing in response to Congresswoman Maxine Waters, who questioned whether stablecoin issuers should…
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Crypto This Tuesday: Cardano Launches Node 8.1.1, EDX Markets Starts Operations, and More
Binance Confirms Bitcoin Lightning Network Integration for Deposits and Withdrawals Cryptocurrency exchange Binance has confirmed its intention to join the Bitcoin (BTC) Lightning Network for deposits and withdrawals. Binance will join other major exchanges such as Bitfinex, Kraken and OKX that have already implemented the technology. The crypto community has spotted Binance nodes on the network, and…
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Crypto This Thursday: BlackRock Plans to Launch BTC ETF, New York Banned CoinEx, and More
BlackRock Plans to Launch Bitcoin ETF Amid Regulatory Investigations BlackRock (NYSE:BLK) is close to applying for a bitcoin ETF, using offline storage solution Coinbase Custody and market data from the cryptocurrency exchange, according to CoinDesk. This decision comes amid regulatory investigations into the cryptocurrency industry in the US. CoinEx banned from operating in New York and…
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Crypto this Wednesday: Binance ceases operations in Cyprus, Crypto Community on Reddit breaks record, and more
Bittrex in the US authorized to withdraw after court decision Bittrex customers in the US will be able to withdraw their assets after a court ruling. The cryptocurrency exchange had declared bankruptcy in May, but the US Department of Justice has opposed efforts to restore access, citing unpaid fines for sanctions violations. The court order allows looting…
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Crypto This Tuesday: BTC and ETH Dominate After Altcoin Aversion, Ripple Reveals SEC Documents, and More
Bitcoin, Ethereum lead cryptocurrency market as investors move away from Altcoins amid regulatory crackdown The dominance of Bitcoin (COIN:BTCUSD), Ethereum (COIN:ETHUSD) and stablecoins in the cryptocurrency market has reached its highest level since February 2021, as investors move away from smaller tokens due to regulatory crackdowns in the US. The combined market capitalization of these assets…
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Crypto this Monday: Robinhood Volume Slumps in May, a16z Expands to UK, and More
Former Head of SEC Enforcement Division Warns Cryptocurrency Investors of Need to Get Off Crypto Platforms Former head of the SEC’s Division of Enforcement, John Reed Stark, has issued a warning to cryptocurrency investors, urging them to “Exit Crypto Platforms Now”. He highlighted the lack of protections for customers and the exchanges’ failure to comply with…