After consistently denying approval for a spot Bitcoin ETF for American investors over the years, there are indications that SEC chair Gary Gensler might be reconsidering his position in light of Grayscale’s recent legal triumph. This article will explore Gensler’s potential shift in stance and the implications it may have for the cryptocurrency industry. While
Crypto
Bitcoin block space has been a topic of debate among critics, particularly regarding the efficiency of inscriptions such as BRC-20 tokens and their impact on regular BTC transfers. However, a closer analysis of on-chain data suggests that these inscriptions are not a denial of service attack but rather a way to optimize block space utilization.
Bitcoin, the leading cryptocurrency, has experienced a tumultuous few days. After briefly reaching a high of $44,700, it quickly retraced to $44,000 before plummeting even further to under $41,000. The downtrend continued on Tuesday when Bitcoin slipped to $40,200. However, the bulls managed to defend this level and once again pushed BTC north, reaching the
Coinbase Global Inc. has recently announced its plans to expand its services by introducing spot crypto trading on its international exchange. This move is part of Coinbase’s global expansion strategy, aimed at catering to users who may have reservations about U.S.-based platforms. While Coinbase’s stock has shown significant growth this year, it still has a
In a recent announcement by the National Vulnerability Database (NVD), a critical vulnerability in Bitcoin’s inscriptions has been identified. This vulnerability has the potential to impact the Ordinals Protocol that was developed in 2022. The NVD, which is overseen by the National Institute of Standards and Technology (NIST), plays a vital role in cataloging and
In a recent report, investment management firm VanEck has made bold predictions for the future of the cryptocurrency market. According to VanEck, Bitcoin is set to reach new record-breaking highs by the fourth quarter of 2024. This projection comes as a result of increased optimism regarding the dismantling of the SEC’s adversarial regulatory stance. If
In recent news, conversations surrounding the launch of spot Bitcoin exchange-traded funds (ETFs) in the United States have reached advanced stages. The U.S. Securities and Exchange Commission (SEC) has reportedly started asking detailed and technical questions to potential spot Bitcoin ETF issuers, a promising sign that pending applications may soon be approved. The Application Process
Bitcoin (BTC) has been making headlines with its skyrocketing prices, but what goes unnoticed is the surging cost of moving it. On-chain data reveals that the price for Bitcoin block space has reached an all-time high, largely fueled by the overwhelming demand created by Ordinals transactions. Anita Posch, the founder of Bitcoin for Fairness, shed
The cryptocurrency market is a dynamic and ever-changing space, influenced by various factors and players. One key group that significantly impacts the market is whales, individuals or entities holding substantial amounts of cryptocurrencies. In this article, we will delve into the insights provided by Ki Young Ju, the co-founder and CEO of CryptoQuant, regarding the
The surge in Ethereum’s price has caught the attention of many investors, and recent data suggests that an anonymous Ethereum whale has taken advantage of this rally. With the intention of depositing over $60 million worth of ETH to Binance, the whale could potentially face a staggering loss of $180 million if they decide to
