Tag: COIN:RLBUSD
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Crypto This Tuesday: SBF Trial Begins, Web3 Investments Fall for the 7th Quarter, and More
Bitcoin and cryptocurrencies fall due to rising bond yields, disappointment with ETF launch The price of Bitcoin (COIN:BTCUSD) and other cryptocurrencies has declined in response to a rise in Treasury bond yields and the dismal performance of a new Ethereum ETF. Bitcoin fell below $27,600 after reaching $28,500 the previous day. Rising bond yields tend to reduce…
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Crypto this Friday: Visa Tests Ether Fees, Kraken Outperforms Coinbase on Altcoins, SEC Delays ARK ETF
SEC postpones decision on ARK Bitcoin ETF SEC has postponed the decision on the Bitcoin ETF proposed by ARK Investment Management. On August 11, SEC launched a 21-day public comment period for the ETF. ARK had filed in May, and SEC has until January 2024 to decide. To be listed, the ETF needs to meet certain regulatory criteria. Cathie…
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Crypto This Friday: Crypto.com Gets Dutch Regulatory Registration, Sequoia Capital Reduces Crypto Fund, and More
Bitcoin maintains stability despite higher-than-expectation US inflation data Despite US inflation data beating expectations, Bitcoin (COIN:BTCUSD) held steady at the Wall Street open on July 28, with a modest increase in the Personal Consumption Expenditure Index (PCE). This could indicate a continued drop in US inflation. BTC price remained between $29,000 and $29,500 with resistance at $30,000,…