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This Is Low Long Grayscale vs. SEC Battle Over Bitcoin ETF Might Last
11.7.2022
A major legal battle between digital asset giant Grayscale Investments and the US Securities and Exchange Commission (SEC) over the rejected application to convert the Grayscale Bitcoin Trust (GBTC), the world's largest BTC fund, to a spot exchange-trading fund (ETF) might last even two years...
PoS gives Ethereum the economic structure to overtake Bitcoin, says DeFi researcher
11.7.2022
Researcher Vivek Raman said that after the Merge, ETH inflation will be lower, security will be better and ETH will position itself as a digital bond
Bitcoin, Ethereum Technical Analysis: BTC Falls Below $22,000 to Start the Week
11.7.2022
Bitcoin started the week in the red, as Monday saw prices fall for a second consecutive session. Following a recent run towards $22,000, the world’s largest crypto dropped below $21,000 earlier today, with ETH slipping below $1,200. Bitcoin Bitcoin dropped below $21,000 on Monday, as prices...
Bitcoin and Ethereum Look for Direction, XMR and CHZ Outperform
11.7.2022
Bitcoin price settled below the USD 21,200 pivot level. BTC is currently (11:49 UTC) consolidating near the USD 20,500 level and is down almost 4% in a day and up over 6% in a week.
Similarly, most major altcoins are showing bearish signs. ETH is struggling and might break the USD 1,120 support....
UN Report: Venezuela Ranks Third Among Countries With Most Crypto Adoption
11.7.2022
Venezuela, one of the first countries in Latam to be considered “crypto-friendly” by some standards, has ranked third in adoption rates, according to a report issued by the United Nations. The report, issued last month, states that the cryptocurrency ecosystem has grown by 2,300%...
Majority Expects Bitcoin to Hit USD 10,000 Before Moving Higher - Survey
11.7.2022
Bitcoin (BTC) is more likely to fall to USD 10,000 than it is to rise to USD 30,000, the majority of respondents in a new survey by Bloomberg Markets Live believe.
According to the survey, 60% of respondents said they believe bitcoin will fall to USD 10,000 before any significant rise in price...
Crypto Exchange Bitso Launches Remittance Service in Colombia
11.7.2022
Bitso, a Mexican-based, Latam operating cryptocurrency exchange, announced it is launching a remittance service in Colombia. The company will now allow its customers in Colombia to send and receive remittances using dollar-pegged stablecoins on the platform. The exchange launched a similar service...
Bitcoin in 'Accumulation' Phase, Onchain Indicators Suggest
11.7.2022
Bitcoin's Puell Multiple and MVRV Z-Score indicate the cryptocurrency is undervalued. Similar readings have marked bear market bottoms in the past
Binance Wash Trading Behind Huge Bitcoin Volume Surge, Incentives Being Removed, CZ Says
11.7.2022
The removal of some trading fees on the major crypto exchange Binance is believed to be the reason behind a surge in trading volume on Friday that ended up barely moving the price at all. Now, Binance CEO Changpeng Zhao (CZ) has announced steps to combat so-called wash trading on his exchange....
Grayscale legal officer says Bitcoin ETF litigation could take two years
11.7.2022
Grayscale argues that the differences between futures and spot Bitcoin ETFs have no correlation to approvals because prices are based on the same spot Bitcoin markets
Today in Crypto Turmoil: Sun Readies USD 5B Spend, Celsius’ Dealings ‘Exposed,’ CoinFlex Heads to HK Courts
11.7.2022
The Tron (TRX) founder Justin Sun says he is ready to spend big on acquisitions as another week of crypto turmoil begins – and there are also developments from Celsius (CEL) (as usual!), while the exchange CoinFlex could be gearing up to flex its legal muscles on Roger Ver.
Here’s all you need...
US inflation data will be 'messy' — 5 things to know in Bitcoin this week
11.7.2022
A potent combination of CPI figures and more make for a problematic week as Bitcoin price struggles
Binance Gets VASP License From the Bank of Spain
11.7.2022
Binance, one of the largest crypto exchanges worldwide, has secured a license from the Bank of Spain that will let the exchange operate in compliance with the local laws. This certification means that the exchange is currently complying with its AML/KYC processes required by the government of...
Bitcoin and Ethereum Reverse Gains, Altcoins Dip
11.7.2022
Bitcoin price failed to clear the USD 22,500 zone and started a fresh decline. It is currently (04:10 UTC) trading near USD 20,500 and is down over 3% in a day, but is still up over 6% in a week.
Similarly, most major altcoins trimmed gains. ETH is now trading well below the USD 1,200 zone. XRP...
‘Wolf of Wall Street’ Jordan Belfort Says He’d Be Shocked if You Didn’t Make Money Investing in Bitcoin Long Term
11.7.2022
Jordan Belfort, aka the Wolf of Wall Street, says if you take a three, four, or five-year horizon, he would be shocked if you didn’t make money investing in bitcoin because the underlying fundamentals are really strong. The Wolf of Wall Street Shares Bitcoin Outlook Jordan Belfort, aka...
Kevin O’Leary Warns Major Crypto Panic Event Is Coming — ‘I Don’t Believe We’ve Seen the Bottom Yet’
11.7.2022
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has warned of an impending “big panic event” in the crypto space. “I don’t believe we’ve seen the bottom yet and I have a different view of it,” he said. Kevin O’Leary Warns of a ‘Big...
First Mover Asia: Bitcoin Slides; Mixed Crypto Legacy in Hong Kong for the FCA's Incoming CEO
11.7.2022
Bitcoin slides for third day, heads back down toward $20K
Bitcoin Skeptic Peter Schiff Will Sell Troubled Euro Pacific Bank for BTC if Regulators Let Him
11.7.2022
Peter Schiff says he will sell his bank, Euro Pacific, for bitcoin if the Puerto Rican regulators let him sell it. “My bank was not put into receivership for being insolvent. It was put there for being under-capitalized,” the bitcoin skeptic said. Peter Schiff Says He’s Willing...
A brief history of Bitcoin crashes and bear markets: 2009–2022
10.7.2022
Bitcoin has historically seen its price down from previous highs for more than three years, and the latest peak took place just seven months ago
Hong Kong to Introduce Licensing for Crypto Platforms Through AML Law
10.7.2022
New legislation tailored to regulate the crypto space in Hong Kong aims to implement a licensing regime for crypto service providers. The respective changes to the region’s anti-money laundering (AML) rules have been submitted to its legislature while a recently published report examines...