In a recent court case against Grayscale Investments, the SEC was dealt a blow as a federal court ruled that the agency must review its rejection of Grayscale’s proposal to convert its bitcoin trust into an ETF. The court found the SEC’s rejection to be “arbitrary and capricious” as it failed to provide a clear
The once vibrant and exciting crypto market has recently lost its luster, leaving investors and enthusiasts concerned about its future. Bitcoin, the flagship cryptocurrency, has been struggling to stay afloat, and this struggle is reflected in the dwindling trading volume of bitcoin futures. According to data from Glassnode, bitcoin futures open interest has dropped to
In a recent turn of events, Ripple’s price has taken a bearish turn after a period of stable movements. This decline has led to a significant breakdown below a crucial support zone formed by the 200-day moving average. A closer analysis of the daily chart reveals that the drop in XRP price is a result
In recent weeks, a cold wallet owned by the defunct cryptocurrency exchange FTX has been making waves in the crypto community. According to on-chain data, the wallet has moved nearly $10 million worth of altcoins from Solana to Ethereum since August 31. This unexpected transfer has raised many questions about the motives behind it and
Cryptocurrency analyst Benjamin Cowen recently shared his insights into Bitcoin’s historical performance in September and its potential trajectory for this year. Cowen, known for his data-driven approach to cryptocurrency analysis, highlighted the challenges that Bitcoin has historically faced in September. While acknowledging that occasional green Septembers do occur, Cowen emphasized the negative price movements that
The cryptocurrency industry is continuously evolving, and as innovation meets regulation, the need for legal clarity has become of utmost importance. Recent legal battles between major crypto exchanges and regulatory authorities highlight the significance of obtaining comprehensive legal opinions for token projects. These opinions play a pivotal role in navigating the complex regulatory environment and
Bitcoin, the world’s most popular cryptocurrency, recently experienced an unanticipated decline from the $29K mark. This downward movement led to a substantial breakdown of the pivotal 100-day and 200-day moving averages. The bearish trend sparked concerns among investors and traders about how low BTC can go. One significant factor that contributed to Bitcoin’s temporary rebound
Bitboy Crypto’s founder, Ben Armstrong, recently released an emotional apology video following his departure from the company. In the video, Armstrong addresses the mistakes he made that led to his ouster, including his use of diet pills and steroids and an affair with an unnamed person. Accompanied by his wife, Bethany, Armstrong expresses his commitment
Former chairman of the U.S. Securities and Exchange Commission (SEC), Jay Clayton, has expressed his belief that U.S. securities regulators will likely approve a Bitcoin exchange-traded fund (ETF). In an interview with CNBC on September 1, Clayton discussed the challenges faced by the SEC in regulating the cryptocurrency market and expressed optimism about the future
The recent Bitcoin rally, fueled by Grayscale’s victory against the US SEC, appears to be losing steam. Analysts have observed a concerning trend in the total supply of stablecoins, indicating that this rally may not be sustainable. In this article, we will delve into the relationship between stablecoin supply and Bitcoin’s performance, highlighting the potential
