Steven Schoenfield, former BlackRock managing director and current CEO of MarketVector Indexes, predicted that the U.S. SEC will approve a Spot Bitcoin ETF within three to six months during a panel discussion on ETFs at CCData’s Digital Asset Summit in London. Schoenfield previously estimated approval would take nine to twelve months.The SEC’s recent decision to […]
The U.S. Securities and Exchange Commission (SEC) has been denied its motion to appeal a ruling that retail sales of XRP tokens do not constitute a security offering. District Court Judge Analisa Torres rejected the motion, citing that the SEC failed to establish the necessary conditions. The trial on the case will commence on April […]
El Salvador is launching Lava Pool, the nation’s first Bitcoin mining pool powered by renewable geothermal energy. The venture is a collaboration between energy company Volcano Energy and tech corporation Luxor Technology. The pool will be maintained by Volcano Energy, with 23% of its net income going to the Salvadoran government. Luxor’s Hashrate Forward Marketplace […]
Bitcoin (BTC) saw a swift comedown after a failed attempt to reach $28,000 on October 5th. Data from Cointelegraph Markets Pro and TradingView showed that the market dropped up to $700, or 2.5%, after the rejection. Material Indicators, an on-chain monitoring resource, warned of a fresh downturn and suggested that another attempt could be made. […]
Raoul Pal, CEO of Real Vision and macro investor, believes that the next crypto bull market will begin in Q2 of next year, coinciding with the Bitcoin halving. He believes that macroeconomic factors, such as central banks cutting interest rates and potential fiscal stimulus, will be the main catalysts for the uptrend. Pal does not […]
Ethereum has recently seen a large exchange outflow, with 110,000 ETH (worth around $181 million) being withdrawn from centralized exchanges. This is the largest outflow since August 21st and the lowest supply on exchanges since May 2018. The outflow could be a sign of buying activity in the market, as investors take their coins off […]
The crypto market is showing signs of a potential bull market, according to Jennifer Murphy from Runa Digital Assets. Murphy believes that the crypto winter is slowly thawing and that spring is upon us. She has shared her perspective on the crypto market and indicators that the bull may be upon us.Murphy has identified several […]
Anarchy (ANA) is a new meme-based cryptocurrency project that is challenging the reigning champion, Floki Inu, in the meme coin market. Anarchy is a rebellious token with a mission to challenge corrupt systems and potentially rival FLOKI’s position in the market. It is the perfect blend of fun, profit, and change in society. Anarchy leverages […]
Crypto analyst “Carl from the Moon” recently identified a promising bull flag pattern on Bitcoin’s weekly chart. If validated, this pattern could propel Bitcoin’s value to $40,000. A bull flag is a positive indicator in chart analytics, characterized by a sharp, upward trajectory followed by a shorter, consolidating phase. This consolidating phase is attributed to […]
Bitcoin is set to receive a major security upgrade with the integration of the Bitcoin Improvement Proposal (BIP) 324. This proposal will help protect the Bitcoin network from man-in-the-middle attacks and increase user privacy. It will also introduce a new handshake protocol, DoS prevention measures, and forward-secrecy. Notable figures in the Bitcoin arena have expressed […]
