Renowned Bitcoin advocate Michael Saylor has recently highlighted the potential approval of a spot Bitcoin exchange-traded fund (ETF) as a gamechanger for the financial world. According to Saylor, this development could be the most significant on Wall Street in the past three decades, comparable to the creation of the S&P 500 ETF. He believes that
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Financial technology company Revolut is reportedly making adjustments to its cryptocurrency services in response to new regulations imposed by the UK’s Financial Conduct Authority (FCA). Starting from January 2024, Revolut will temporarily suspend cryptocurrency purchases for its business clients in the United Kingdom. This move is aimed at ensuring compliance with the FCA’s updated rules
The United States Securities and Exchange Commission (SEC) has recently announced a delay in its decision regarding the approval of Ethereum exchange-traded funds (ETFs) from various asset management firms. The SEC has received applications for Ethereum ETFs from Ark Invest/21Shares, VanEck, and Hashdex, all of which are currently under consideration by the securities regulator. This
After enduring a challenging few days of trading, bitcoin experienced a much-needed boost as its price soared past $43,000. The primary cryptocurrency had been struggling to overcome the $43,000 level over the weekend, leading to a decline in its value to around $42,000. Monday morning brought even greater concerns as bitcoin dropped further to a
Last week, bitcoin experienced a rally, surpassing $44,000. However, it encountered a significant resistance level at almost $45,000 and subsequently underwent a price retracement. This article aims to analyze the cause of this retracement and the influence of profit-taking by different groups of investors on bitcoin’s price movement. In a recent report by CryptoQuant, an
Cryptocurrency enthusiasts are keeping a close eye on the recent sensation in the market known as Bonk Inu (BONK). This memecoin has not only attracted the interest of retail investors but has also captured the attention of industry veterans like Arthur Hayes, the co-founder of BitMEX. Hayes took to Twitter to express his admiration for
Bitcoin has been on an impressive rally this year, with its price soaring by approximately 150% since the beginning of 2021. This remarkable performance has caught the attention of various experts and analysts, leading to speculation about the possibility of Bitcoin reaching the coveted $100,000 mark. One prominent figure who believes in this potential is
The cryptocurrency markets have experienced a recent surge, which has spilled over into the realm of decentralized finance (DeFi). While decentralized exchanges (DEX) have historically lagged behind centralized exchanges (CEX) in terms of trading volume, the recent market rally has led to increased activity in DEXs. Major platforms such as Uniswap and Curve on the
In a shocking turn of events, the United States Department of Justice (DOJ) has recently indicted two individuals for orchestrating a massive cryptocurrency Ponzi scheme. David Gilbert Saffron, a 51-year-old from Australia, and Vincent Anthony Mazzotta Jr., a 52-year-old from California, are being accused of defrauding investors of a staggering $25 million. The alleged scheme
Ethereum’s native cryptocurrency, Ether (ETH), has witnessed an impressive rebound in 2023 after enduring substantial losses throughout 2022. CoinGecko’s data reveals that ETH recently reached nearly $2,400, a significant improvement from its previous lows. However, it is crucial to note that this valuation is still a long way from its all-time high of over $4,800
