Michael Saylor, a well-known Bitcoin advocate, believes that the potential approval of a spot BTC exchange-traded fund (ETF) could be the most significant development on Wall Street in the last thirty years. In a recent interview with Bloomberg, Saylor compared this event to the launch of the S&P 500 ETF, highlighting its transformative potential for
Crypto
Bitcoin’s price attempted to surpass the $43,000 mark but ultimately failed, resulting in a significant drop. However, the cryptocurrency has managed to recover most of its losses since then. While larger-cap altcoins like BNB, SOL, and AVAX demonstrated impressive gains, ADA and DOGE retraced slightly. After a relatively quiet weekend, with bitcoin trading mostly around
Financial technology company Revolut has announced its plans to suspend cryptocurrency purchases for its business clients in the United Kingdom. The move comes as a response to the new rules on crypto promotion set by the country’s Financial Conduct Authority (FCA), which will come into effect in January 2024. Revolut states that the temporary suspension
The United States Securities and Exchange Commission (SEC) has recently announced a delay in its decision on whether to approve applications for Ethereum exchange-traded funds (ETFs) from several asset management firms. The SEC has issued delay orders for applications from Ark Invest/21Shares, VanEck, and Hashdex, pushing the final date for approval or disapproval to May
Bitcoin has experienced a tumultuous few days, with its value dropping to around $40,500. However, the primary cryptocurrency finally made a notable recovery today, surpassing the $43,000 mark. This surge has brought relief to many traders who witnessed Bitcoin struggling to overcome the $43,000 level over the weekend. The weekend proved to be challenging for
Bitcoin (BTC) experienced a significant rally last week, surpassing $44,000. However, the digital asset encountered strong resistance at nearly $45,000 and subsequently witnessed a price retracement. Analysts at market analytics platform CryptoQuant attribute this pullback to profit-taking activities by a specific group of investors. Yonsei, an analyst at CryptoQuant, conducted an analysis of on-chain data
The recent surge of Bonk Inu (BONK) in the cryptocurrency market has caught the attention of Arthur Hayes, the co-founder of BitMEX. Hayes took to Twitter to commend the memecoin’s impressive valuation performance, showcasing a chart that depicted its rapid price swings. Going a step further, he envisioned Bonk Inu surpassing Shiba Inu (SHIB) and
Bitcoin has displayed an impressive rally this year, with its price surging by approximately 150% since January 1. This remarkable performance has led many experts and analysts to contemplate whether the cryptocurrency has the potential to reach the coveted $100,000 mark. One such believer is DonAlt, the prominent figure behind the popular YouTube channel Technical
Cryptocurrency markets have witnessed a recent surge, and this momentum has spilled over into the realm of decentralized finance (DeFi). Historically, decentralized exchanges (DEX) have lagged behind their centralized counterparts (CEX) in terms of trading volume. However, the market rally has breathed new life into DEXs, although at a slightly slower pace. Platforms like Uniswap,
In a recent press release, the United States Department of Justice (DOJ) has unveiled the shocking details of a sophisticated crypto Ponzi scheme that defrauded unsuspecting investors of approximately $25 million. This audacious fraud involved two individuals, David Gilbert Saffron of Australia and Vincent Anthony Mazzotta Jr. of California, who shamelessly marketed their fraudulent crypto