Solana (SOL), last year’s top performer among the top 20 cryptocurrencies by market cap, has started the year on a downtrend. For the first time in over three months, it recorded successive bearish weekly candlesticks, dropping from its Christmas high. Yesterday, SOL dipped below $100 to bottom out at $85, but it has since recouped […]
Standard Chartered Bank has recently shared its predictions on the potential impact of Spot Bitcoin ETFs on Bitcoin’s price. The bank’s Head of Digital Assets Research, Geoff Kendrick, and Precious Metal Analyst, Suki Cooper, have taken a bullish stance, suggesting that Bitcoin could reach $200,000 by the end of 2025. They believe that an influx […]
Pro-XRP legal expert Fred Rispoli has shared his insights on the ongoing legal battle between the Securities and Exchange Commission (SEC) and Ripple. He noted the surprising quietness in the case, especially as the deadline for the completion of damages-related discovery, scheduled for February 12, approaches. Despite the previously hostile nature of the legal battle, […]
The cryptocurrency industry is on the edge of a significant decision as the U.S. Securities and Exchange Commission (SEC) is set to decide on the approval of the first Bitcoin Exchange Traded Fund (ETF) on January 10. The approval is seen by many observers as a mere formality, and the anticipation has driven Bitcoin’s price […]
Bitcoin investors are strategically positioning themselves in anticipation of the SEC’s decision on the first-ever spot Bitcoin ETF, according to on-chain metrics. The recent surge in Bitcoin’s value indicates the high stakes associated with this decision. After weeks of stagnation, Bitcoin is breaking free, and on-chain data reveals a pattern of cautious optimism.Exchange wallets are […]
Bitcoin, currently valued at $46,925, has generated over $800 million in 2024 for the American software technology firm, MicroStrategy. The company, a pioneering corporate investor, has made almost nine figures on Bitcoin this year, according to data from Bitcoin Treasuries.MicroStrategy, the owner of the world’s largest corporate Bitcoin treasury, is particularly enjoying the ongoing Bitcoin […]
Reggie Browne, co-Global Head of ETF Trading and Sales at GTS, has raised the possibility of Bitcoin spot Exchange-Traded Funds (ETFs) trading at a premium due to the current regulatory frameworks that allow U.S. institutions to manage cryptocurrencies. Browne anticipates that this could result in substantial costs for investors, potentially around 8%, due to the […]
Renowned American fund manager Cathie Wood is launching her exchange-traded index funds in Europe. She has appointed a new person in charge for Switzerland and the German-speaking countries abroad. ARK Invest Europe, the European subsidiary of the American fund company ARK Investment Management, has appointed Florian Berberich as the head of German-speaking sales.Formerly with Bloomberg, […]
The Blockchain Association, a prominent nonprofit organization advocating for the digital asset economy, has responded to US Senator Elizabeth Warren’s criticism of government-related hiring in the cryptocurrency sector. Kristin Smith, the CEO of the Blockchain Association, penned an open letter to Warren on January 9, suggesting a collaborative approach to address issues related to government […]
Thomas DiNapoli, the Comptroller of New York State, has voiced his concerns over the administration of BitLicense at the New York Department of Financial Services (NYDFS). In a January report, DiNapoli only gave a “limited assurance” that the NYDFS is fulfilling its supervisory duties regarding BitLicense, a program that regulates digital currency licensing in the […]
