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Slow Start for Third Bitcoin ETF, Lower Costs Could Attract More Capital


The latest bitcoin (BTC) futures exchange-traded fund (ETF) to be launched in the US – the VanEck Bitcoin Strategy ETF (XBTF) – has had a slow start compared to its two earlier competitors, ProShares’ BITO and Valkyrie’s BTF. But lower costs and a stronger brand should attract more capital over...

India To Define Crypto As Asset, Ban Payments, and Ads - Report


Amid a rising number of signs indicating that India’s government could adopt a more nuanced approach to cryptoassets, another report claims that the authorities are finalizing work on legislation that could pave the way for regulation of cryptoasset trading - while banning crypto’s use in payments...

‘Final and Binding’ Mt. Gox Resolution Agreed


The protracted struggle of the creditors waiting to get their hands on bitcoin (BTC) holdings left in limbo since the collapse of the crypto exchange Mt. Gox could finally come to an end – with a “final and binding” resolution now legally “confirmed” by the Japanese courts. ... Read More: ‘Final...

Bitcoin Below USD 60K, Ethereum and Major Altcoins Drop Against BTC


Bitcoin price continued its decline below the USD 62,000 support and broke the USD 60,000 support to enter a bearish zone. It is currently (04:20 UTC) showing bearish signs. Besides, most major altcoins are also showing bearish signs and dropping against BTC. BTC is down by almost 3% in a...

NYC Real Estate to Record a Bitcoin-Exclusive Deal


Development and property management firm Magnum Real Estate Group is selling a set of retail condos in New York City for USD 29m exclusively in bitcoin (BTC), the latest sign that BTC is gaining wider adoption among various industries. The NYC property, located at 385 First Avenue in the upper...

Israel's AML Authority and Europol Zoom In On Crypto


Israel’s Money Laundering and Terror Financing Prohibition Authority (IMPA) has announced that new, tightened regulations will now apply to cryptoassets, fintechs, and various other financial products. The measures are designed to introduce more regulatory clarity and coherent standards, according...

Russian MPs Want Central Bank to ‘Consider Crypto’s Spread’


Russian lawmakers and regulators are pressing for crypto change, but will likely have to contend against a familiar foe in all things crypto-related in the country – the staunchly anti-crypto Central Bank. In an interview with RIA Novosti, Alexey Savatyugin, the Auditor of the Accounts Chamber...

Overleveraged Traders Flushed Out, 'Bullish Market Structure Intact'


The crypto market saw heavy selling across the board today in a deleveraging event that followed the signing of a new infrastructure bill that targets crypto users in the US, and signals from Twitter that the company is not looking to buy bitcoin (BTC) at the moment.... Read More: Overleveraged...

Bitcoin Around $60K Is a ‘Great Buy’ Before Next Surge


Bitcoin followers finally have something to celebrate. Thanks to the Taproot upgrade. Taproot upgrade was activated at block 709,632 on November 4, 2021.  Now, it allows faster and cheaper transaction fees, greater transaction privacy, and efficiency. However, the most interesting part of this...

Crypto Can't be Stopped, but Must be Regulated, Indian Lawmakers Conclude


The latest meeting - that had India’s parliamentary standing committee on finance discussing crypto-related issues with the industry’s representatives for the first time - saw the lawmakers concluding that it was impossible for the authorities to stop the crypto sector’s growth in the country,...

Bitcoin, Ethereum and Altcoins Trim Gains, Bulls Struggle


Bitcoin price failed to gain strength above USD 65,500. As a result, BTC reacted to the downside and traded below USD 63,500. It is currently (06:00 UTC) down over 7% and there is a risk of more downsides below USD 61,000. Besides, most major altcoins are gaining bearish momentum. ETH declined...

Top Chinese Official Booted out For ‘Supporting Crypto Mining Activities’


A top Chinese regional official has been expelled from the Chinese Communist Party – and may face heavy punishment for allegedly “supporting” crypto mining in exchange for bribes and sex. Per NBD and the China Daily, charges against the official, Xiao Yi, were leveled by the supervisory committee...

Bitcoin Core Releases Taproot Soft Fork


Bitcoin Core recently succeeded in its controversial Segwit update with the Taproot soft fork upgrade. It is the first upgrade since 2017, taking place at block 709632 and 2493 transactions. A soft fork requires a consensus majority, while a hard fork asks for the entire network’s agreement. Given...

All-Time High Weekly Close for Bitcoin Boosts Sentiment as 2022 Nears


The bitcoin (BTC) price closed last week above the USD 65,000 mark, the highest level ever for the cryptocurrency. The new milestone boosted sentiment among bitcoin holders, with many being optimistic that bullish predictions for the remainder of 2021 will come true.... Read More: All-Time High...

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