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Gold Hits Nine-Month Low as Bitcoin Climbs Amid Hawkish Fed Stance
29.9.2023
Gold prices are wrapping up the week by plummeting to a nine-month low, with the price per ounce descending to $1,858 on Thursday. Transitioning into Friday, gold is changing hands at $1,870 per ounce, marking a decline of 2.8% over the trailing five days. Concurrently, bitcoin (BTC) prices leaped...
Digital Asset Products Record Outflows In Sixth Consecutive Week, Europe Overtakes US in Bullish Stance: CoinShares Report
25.9.2023
Cryptocurrency investment products recorded outflows for the sixth consecutive week with market leaders Bitcoin (BTC) and Ethereum (ETH) leading the pack.
A new CoinShares market report shows total outflows from digital asset products totaling $9 million with BTC accounting for $6 million in...
Bitcoin Price Prediction: BTC Under $27K amid Fed's Stance, Options Expiry, & ETF Awaits
25.9.2023
Bitcoin (BTC) was unable to maintain its upward rally from the previous week and remained below the $27,000 mark on Monday.
In fact, the overall cryptocurrency market was valued at $1.04 trillion at the time of this report, indicating a 1.08% drop in the past 24 hours.
However, this dip came...
Bitcoin Price Prediction: Fed's Stance, ETF Approval, & Yuan's Impact on BTC
22.9.2023
Bitcoin (BTC), the world's largest cryptocurrency, experienced a dip on Friday as it failed to maintain its upward momentum and dropped below $27,000.
Jerome Powell's statement about possible interest rate hikes caused a 1.5% decrease in the global crypto market to $1.06 trillion.
Bitcoin...
All I Had Was a ‘Simple Calculator’ — Former Mt Gox CEO Draws Parallels With Bankman-Fried’s Journey
14.9.2023
Sam Bankman-Fried, the former CEO of FTX, has been denied temporary release from prison after his legal team complained about his ability to prep for trial and his laptop’s alleged lack of internet access. On Tuesday, the former CEO of Mt Gox, Mark Karpeles, shared his experience after he...
SBF’s lawyers want to quiz jurors on crypto, altruism and ADHD
13.9.2023
U.S. prosecutors, meanwhile, want to ask prospective jurors their beliefs on how cryptocurrency should be regulated
India to Finalize Crypto Stance in Coming Months, Economic Affairs Secretary Says
12.9.2023
India’s economic affairs secretary says the Indian government will decide on the country’s crypto position “in the coming months.” He explained that the government will consider all the recommendations presented at the G20 summit regarding crypto regulation “very carefully...
India Will Decide on Its Crypto Stance in Coming Months
11.9.2023
India's individual position on crypto will be analyzed and decided on in the coming months after considering what global leaders agreed to as an acceptable framework for crypto rules as part of the Group of Twenty (G20) deliberations
Nifty News: NFT restaurant crumbles, Binance NFT ends Polygon support and more…
9.9.2023
The restaurant was being built alongside a private members lounge that was only open to people who bought NFTs, but rising construction costs ultimately stopped the project from coming to fruition
Report: Former FTX Co-Chief Ryan Salame Contemplates Guilty Plea
7.9.2023
According to insiders who reached out to Bloomberg, there are intriguing developments surrounding Ryan Salame, the former co-chief executive of FTX Digital Markets. The buzz is that he is gearing up to admit guilt in response to criminal charges. This marks a significant shift from his earlier...
SEC's Biased Stance Can Still Challenge Grayscale's ETF Aspirations
29.8.2023
Grayscale Crypto Asset Management and Bitcoin supporters are taking a victory lap on Tuesday, although a final celebration is far from certain, as the SEC is not acting in a “fair and balanced” manner, Matthew Tuttle, CEO and CIO of Tuttle Capital Management, told Cryptonews....
Read More: SEC's...
Bitcoin Shows Resilience Despite Rate Hike Concerns
29.8.2023
Despite recent concerns about further potential interest rate hikes by the Federal Reserve, Bitcoin has shown notable resilience according to analysts. This comes after Fed Chair Jerome Powell's speech at the annual Jackson Hole symposium last week, where he indicated that more rate hikes may be...
Federal Reserve CBDC Would Threaten Privacy and Freedom, Report Warns
22.8.2023
The America First Policy Institute (AFPI) recently sounded the alarm on the potential dangers of transitioning to a central bank digital currency (CBDC). This revelation, in a report penned by Michael Faulkender and David Vasquez, highlights the probable perils associated with the Federal...
Hong Kong’s crypto stance: Execs weigh in on Web3 in the region
17.8.2023
Animoca Brands co-founder Yat Siu anticipates that there will be an increase in Web3 events activities and companies choosing Hong Kong as their Web3 headquarters
Chamber of Digital Commerce Policy VP Criticizes SEC’s Aggressive Stance on Crypto Industry Regulation
16.8.2023
During an interview, Cody Carbone, the Vice President of Policy at the Chamber of Digital Commerce, expressed his concerns regarding the regulatory stance the US Securities and Exchange Commission (SEC) has adopted toward the cryptocurrency industry.
Carbone highlighted that the SEC’s approach...
Michael Burry Bets $1.6 Billion Against Market: ‘Big Short’ Investor Takes Bearish Stance on S&P 500 and Nasdaq
15.8.2023
In filings with securities authorities released on Monday, renowned hedge fund manager Michael Burry, whose exploits were famously captured in the film “The Big Short,” took a bearish stance on the market. Burry’s Scion Asset Management shorted the S&P 500 and Nasdaq 100...
Bitcoin Price Prediction: SEC's Stance, TeraWulf's BTC Surge, and Grayscale's Pending ETF Decision
15.8.2023
Bitcoin's recent performance shows a marginal dip of less than 0.10%, trading at $29,380 as of Tuesday.
This subtle fluctuation in Bitcoin's price can be attributed to several underlying factors.
Foremost among them is the sentiment expressed by former SEC Chairman John Reed Stark, who opines...
Law Professors Blast SEC’s Concept of Investment Contract in Amicus Brief
14.8.2023
Six professors of law have issued an amicus brief in favor of Coinbase, blasting the U.S. Securities and Exchange Commission’s (SEC) stance on the definition of investment contracts. Through a historical examination of the development of securities laws, the brief concludes that an investment...
Brazil’s President Reaffirms De-Dollarization Call — Discusses BRICS Expansion
8.8.2023
Brazil’s President Luiz Inacio Lula da Silva has reaffirmed his call to shift away from the U.S. dollar in global trade. He also revealed his stance on the expansion of the BRICS economic bloc ahead of the group’s upcoming summit. “I have said publicly, why does Brazil need...
Miami Mayor Francis Suarez Announces Acceptance of Cryptocurrencies for 2024 Presidential Campaign
6.8.2023
On August 4, 2023, Miami Republican mayor Francis Suarez announced that he’s accepting cryptocurrencies for campaign donations. The 2024 presidential candidate revealed the decision to accept digital currencies during a Coindesk TV broadcast. 2024 Presidential Candidate Francis Suarez...