Browsing Category
Bitcoin
Edelcoin: A Stablecoin Revolution
In the rapidly evolving world of cryptocurrencies, stablecoins have emerged as a beacon of stability amidst the volatility of digital assets like Bitcoin and Ethereum. Stablecoins are digital currencies anchored to a diversified asset, such…
Crypto Exchanges Bybit and Okx Drop Cards of Sanctioned Russian Banks
Cryptocurrency exchanges Bybit and Okx have discontinued support for payment cards issued by sanctioned banks from Russia. The moves follow in the footsteps of Binance, the world’s largest exchange for digital assets, which recently removed…
Grayscale Ruling Does Not Guarantee Bitcoin Spot ETF Approval, Traders Say
“It doesn't mean that now Grayscale will be 100% able to list a spot Bitcoin ETF, nor that this will happen in the future,” one trader said.
Crypto Analyst Predicts Stablecoin Adoption Boom Even in Face of Hostile Regulation
Jamie Coutts, an analyst from Bloomberg Intelligence, has predicted that stablecoin adoption will grow significantly once the issue of hostile regulations in the U.S. is put aside, noting “adoption under the hood is exploding.”…
FTX Founder’s Expert Witnesses Face Exclusion in Fraud Trial
The U.S. Department of Justice filed a motion on Monday seeking to bar all seven of Sam Bankman-Fried’s proposed expert witnesses from testifying in the former FTX CEO’s upcoming fraud trial. Federal prosecutors cited issues…
Record 3-Year Dormancy: Bitcoin Holders Stay Steadfast Amid Market Changes, Says Bitfinex
While Bitcoin’s recent downturn suggests volatile times ahead, underlying metrics suggest a market full of nuance, anticipation, and strong belief, the latest Bitfinex Alpha report says. About 40% of Bitcoin’s total supply has…
Court Rules in Favor of Grayscale Against SEC in Bitcoin ETF Conversion Lawsuit
A D.C. court has ruled in favor of Grayscale, the largest crypto asset manager, in its lawsuit challenging the U.S. Securities and Exchange Commission’s decision to deny the conversion of GBTC to a spot bitcoin exchange-traded fund (ETF).…
Bitcoin Miners Feel the Pinch: 10% Value Drop Tanks Hash Price in August
August has proved to be a challenging month for bitcoin miners, facing two difficulty spikes and witnessing the currency’s value plummet over 10% in the past 30 days. This decline in value has pulled the network’s hash price…
Biggest Movers: BNB Jumps 5% Higher, as Grayscale Wins Battle With SEC
BNB surged this afternoon, as markets reacted to the news a court in the United States was siding with Grayscale in its case with the Securities and Exchange Commission (SEC). The court said the SEC was wrong to deny Grayscale permission to…
Bitcoin Tops $28K on Grayscale Ruling, While Crypto-Related Stocks Soar More Than 10%
A U.S. court ordered the SEC to "vacate" its rejection of Grayscale's bid to convert its Bitcoin Trust into an ETF.