The ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission has been a topic of interest since it first began in 2020. The trial is still ongoing, with no clear end in sight, leaving many in the cryptocurrency community wondering about the potential outcomes and repercussions. The central issue at hand
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The recent trend in Spot Bitcoin ETFs has raised concerns among investors as the funds have experienced outflows for seven consecutive days. The outflows have been accompanied by a decline in the Bitcoin price, indicating a possible correlation between institutional sell-offs and miner sell-offs. Data from Coinglass reveals that the outflows have averaged around $100
A recent decision by a US bankruptcy court has given FTX the green light to move forward with a liquidation plan that involves paying customer claims in cash. This plan, which is set to pay customers based on crypto prices at the time of FTX’s collapse in November 2022, has faced objections from customers who
The cryptocurrency market, once a hotbed of excitement and potential, is currently experiencing a significant downturn. Bitcoin, the flagship cryptocurrency, has seen a sharp decline in value after reaching record highs earlier this year. The recent weeks have been characterized by a mass exodus of investors from Bitcoin, with over $630 million flowing out of
Anthony Scaramucci, the founder of SkyBridge Capital, has made bold predictions about the future of Bitcoin. He believes that if his preferred presidential candidate wins, Bitcoin could reach new all-time highs. During an interview on Unchained, Scaramucci mentioned that he expects a new ATH for Bitcoin during a second Biden administration, with the cryptocurrency rising
Coinbase, a prominent player in the cryptocurrency market, could be facing regulatory challenges in the near future. This is in relation to new FASB accounting rules that are set to change the way digital assets are accounted for. The Financial Accounting Standards Board (FASB) agreed upon new accounting rules in 2023 that will officially come
Louisiana Governor Jeff Landry recently signed a bill, HB 488, that aims to protect the rights of individuals and businesses to engage in crypto transactions. The bill prohibits central bank digital currencies (CBDCs) and ensures that governing authorities cannot accept or require payments in CBDCs. The bill also lays out rules around crypto mining and
Dalmas Ngetich, a seasoned crypto reporter, brings a unique perspective to the industry. With a background in mechanical engineering and over a decade of experience in journalism, Ngetich has specialized in covering topics such as NFTs, blockchain, DeFi, and blockchain news for NewsBTC. His expertise has allowed him to craft over 10,000 news and feature
Bitcoin is currently experiencing a notable decline, with its price steadily approaching the crucial $60,000 mark. The market sentiment has turned increasingly bearish, driven by a combination of macroeconomic factors and a recent surge in selling pressure. This shift has seen Bitcoin struggling to maintain higher levels, triggering anxiety among investors and traders. Technical Indicators
A recent analysis by crypto expert Justin Bennett suggests that Bitcoin may be on the verge of witnessing a significant price decline to levels as low as $52,000. The breaking of key support levels has raised concerns among investors, indicating a potential shift from a bullish to a bearish position. Bennett’s prediction, shared on X
