Bitcoin Faces Severe Selling Pressure as Downtrend Intensifies.
At the time of writing, Bitcoin is trading at $42,717, down 7.15% in the last 24 hours.If the price manages to go below $41,940 then it will likely decline further…
U.S SEC Chair Gary Gensler Speaks Up on Spot Bitcoin ETF Decision
Explaining the SEC’s stance change on bitcoin ETFs was a tough assignment for Gensler. Things “have changed,” he said, during an interview with CNBC.Commenting on the reasons for the SEC’s…
Bitcoin ETF: Better Than Buying Bitcoin?
A Bitcoin exchange-traded fund (ETF) made its long-awaited debut in the U.S on October 19, 2021, marking a watershed moment for the cryptocurrency industry. Offered by ProShares, the fund trades…
Bitwise to Donate 10% of Bitcoin ETF Profits to BTC Open-Source Development.
Bitwise plans to direct earnings from its Bitcoin ETF to Brink, OpenSats, and Human Rights Foundation.Bitwise, the manager of a cryptocurrency index fund, has disclosed its commitment to contribute 10%…
U.S. Inflation Hits 3.4% in December 2023, Sparks Rate Cut Speculation.
Clues about the Fed’s impending interest rate decision may be found in today’s CPI statistics.Keeping mostly in line with market estimates, inflation rose 0.3% in December.U.S. inflation increased to 3.4%…
Coinbase and Yellow Card Join Forces for Crypto Expansion in Africa.
Coinbase will integrate Yellow Card’s payment rails in Africa.The crypto exchange said that Africa is “by far” the youngest continent.Coinbase has teamed up with Africa’s Yellow Card to launch its…
USDC Stablecoin Issuer Circle Files for Initial Public Offering (IPO).
Circle has not yet revealed the exact amount of shares it intends to sell or the estimated price. Following Circle’s failed 2022 effort to go public via a SPAC, this…
Robinhood All Set to Offer Spot Bitcoin ETFs on Its Platform.
CEO Vladimir Tenev revealed the platform’s prospective intentions in a recent twitter post. Tenev also shared the company’s enthusiasm for the SEC’s decision.Following the SEC’s historic approval of 11 Spot…
Spot Bitcoin ETFs Approval Ignites Ethereum and Altcoin Rally.
The price of Ethereum (ETH) skyrocketed beyond $2,600 levels post the approval.The SEC will begin making judgments on spot applications for an Ethereum ETF in May. A historic decision has…
Vitalik Buterin Calls For Increase in Ethereum’s Gas Limit by 33%.
Buterin did some quick math and said that this would be a rise to around 40 million.Etherscan reports that the current gas cap is 30 million.Vitalik Buterin, co-founder of Ethereum,…