Grayscale, a crypto investment manager, has won a significant victory over the Securities and Exchange Commission (SEC) in the United States Court of Appeals for the District of Columbia Circuit. The court revoked the SEC’s order to turn the Grayscale Bitcoin Trust (GBTC) into a Bitcoin Spot ETF.Crypto stakeholders had predicted Grayscale’s victory before it […]
Crypto analyst Benjamin Cowen has warned that Bitcoin (BTC) could experience a major market correction in September. Cowen, who has 762,500 followers on the social media platform X, believes that Bitcoin could drop by more than 16% from its current value.Cowen shared a chart that shows September is the most bearish month for Bitcoin in […]
Ripple’s legal team, including the Chief Legal Officer, CEO, and other experts, have voiced their skepticism about the SEC’s uniformity and regulatory clarity in the cryptocurrency space. This follows Grayscale Investments’ success in their legal battle against the U.S. Securities and Exchange Commission (SEC).John Deaton, a prominent lawyer supporting XRP, mockingly commented on the SEC […]
The crypto futures market has seen a large amount of liquidations on Wednesday as Bitcoin has registered a sharp surge. Data shows that liquidations totaled at $170 million during the past 24 hours. This surge was likely due to news that Grayscale had won a lawsuit against the United States Securities and Exchange Commission (SEC), […]
Bloomberg Intelligence analyst Mike McGlone believes that the approval of the first Bitcoin spot ETF in the United States is “inevitable”, but the Federal Reserve could still be a bearish influence. McGlone noted that the Fed is still tightening despite the tilt towards economic contraction, which could lead to further downside pressure for both Bitcoin […]
The cryptocurrency market has been thrown into disarray by a series of regulatory developments, leading to considerable volatility for major cryptocurrencies, including Bitcoin and Ethereum. The recent SEC lawsuits against industry giants Binance and Coinbase have further compounded market anxieties, sparking widespread speculation of a systematic effort to destabilize the industry.As a result, Bitcoin and […]
Binance has recently unveiled a new feature for its Latin American clients, allowing users in nine Latin American nations to send crypto via Binance Pay. Beneficiaries in Argentina and Colombia can directly collect these transfers into their bank accounts.The new “Send Cash” feature promises a more efficient and cost-effective method of digital money transfer, addressing […]
Shiba Inu’s Shibarium network has seen an impressive growth in the past 24 hours, with the number of addresses increasing from 100,000 to 300,000. This threefold expansion has been accompanied by a surge in transaction activity, with 520,000 transactions being processed in a few days. Node validators have executed 370,000 blocks in the same period, […]
Circle, the issuer of USDC, is partnering with Mercado Libre, a Latin American e-commerce platform with over 200 million users. This collaboration will allow users of Mercado Pago, the fintech service of Mercado Libre, to make payments using USDC in key markets, starting with Chile. Over two million Chileans are already Mercado Pago users.The partnership […]
Binance, one of the largest U.S. crypto exchanges, has been in the news a lot over the past week. The company has been facing intense scrutiny from regulators, and has had to make some changes to its business lines and regions. This week, Binance cut ties with five sanctioned Russian banks listed on its peer-to-peer […]
