Investors have continued to reduce their short positions on Bitcoin, despite the current negative sentiment. This is a sign that investors are still confident in the cryptocurrency, despite the current market conditions.The reduction in short positions is a sign that investors are still confident in the cryptocurrency, despite the current market conditions. This is a […]
The U.S. Securities and Exchange Commission (SEC) has requested a federal judge to allow documents to be filed under seal in its civil case against Binance, Binance.US, and Binance CEO Changpeng Zhao (CZ). According to former SEC official John Reed Stark, the request could hint at an ongoing criminal investigation by the U.S. Department of […]
Bitcoin (BTC) neared two-week highs on Aug. 29 as news hit that digital asset manager Grayscale had won a lawsuit against United States regulators. The ruling by the United States Court of Appeals for the District of Columbia Circuit stated that the U.S. Securities and Exchange Commission (SEC) was wrong to reject an application by […]
A US court has sided with Grayscale in its battle against the SEC, causing Bitcoin and the rest of the crypto market to surge. This volatility caused massive losses for over-leveraged traders, with liquidated short positions reaching $80 million within an hour.The court’s decision means that the SEC is now obligated to review Grayscale’s request […]
A U.S. federal appeals court has granted Grayscale Investments’ petition for review in its lawsuit against the Securities and Exchange Commission (SEC) regarding its spot Bitcoin ETF application. The court ruled that the SEC must reverse its rejection of the spot Bitcoin ETF and review Grayscale’s application.The court highlighted that the SEC applied the Howey […]
Backed, a Zurich-based company, has announced its integration of the BNB Smart Chain (BSC) into its token issuance framework. This framework enables the tokenization of off-chain assets such as treasury-based ETFs and stocks, and is compliant with Swiss blockchain regulations. The BNB Chain offers a large and active smart contract user base, reduced transaction fees, […]
Blur, the NFT market’s new darling, has seen its native token, BLUR, fail to capture the bulls’ imagination. The token has dropped 85% from its record high of $1.40 in February 2023, and may decline further in the year due to a slew of negative catalysts. These include an increase in BLUR token transfers to […]
Bitcoin’s mining difficulty has reached a new peak as the cryptocurrency hovers around the $26,000 price level. According to the latest edition of the weekly report from crypto exchange Bitfinex, the mining difficulty hit an all-time high of 55.62 trillion hashes.The mining difficulty is a metric representing the challenge of validating a new block. High […]
Bitcoin (BTC) is currently trading around $26,060, offering investors a rare chance to buy at a support zone with a “100% long hit rate,” according to crypto asset manager Capriole Investments. The firm suggests watching for a BTC price dip to $24,000.Capriole’s founder Charles Edwards is “very confident” in the $23,000 BTC price support. This […]
Canaan Inc. (NASDAQ: CAN), one of the leading Bitcoin mining companies, has reported its unaudited financial results for Q2, 2023. The company saw its total revenue rise to $73.9 million, a 33.7% increase compared to Q1, 2023. Revenue from BTC mining also jumped 43.3% quarter-on-quarter, from $11.1 million to $15.9 million.Canaan CEO Nangeng Zhang commented […]
