Bitcoin and other major cryptocurrencies are seeing little price movement today, extending the phase of low volatility that the cryptocurrency market has been seeing over the past few days. The price of Bitcoin has been hovering around $25,600 for the majority of today, slightly below the $26,000 level at which it has been trading throughout…
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Investment manager Grayscale is urging the Securities and Exchange Commission (SEC) to expedite the conversion of the Grayscale Bitcoin Trust (GBTC) into a Bitcoin exchange-traded fund (ETF). This comes on the heels of Grayscale’s major court victory over the SEC last week. Given the latest updates on a potential Bitcoin ETF approval, what are the…
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Visa announced on Tuesday that it plans to use the Solana blockchain for settling transactions with USDC, a major stablecoin. The financial company stated that this decision could speed up cross-border payments and offer an updated method for transferring funds. With widespread cryptocurrency adoption on the rise, what are the best cryptos to buy now?……
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Bitcoin exchange inflows have reached one-month highs according to data from Glassnode, signaling increasing selling pressure as the price of Bitcoin has fallen below $26,000. The one-day moving average of bitcoin’s exchange net flow reached $9.75 million on August 16, marking the highest level seen in the past month. Glassnode also reported that the amount…
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Bitcoin’s price rose to nearly $28,143 on Tuesday following a positive legal ruling for digital asset manager Grayscale. However, analysts remain cautious about the sustainability of the rally amid low spot market volumes…. Read More: Biggest Crypto Gainers Today on DEXTools – BEPE, EMERSO, XPEPE Read more »Sign up for e-EUR – the progressive stablecoin
Bitcoin jumped to a two-week high on Tuesday, August 29, after digital asset manager Grayscale won a lawsuit against the U.S. Securities and Exchange Commission (SEC). Bitcoin’s price gained $1,400 within the first hour after the news broke. The ruling by the U.S. Court of Appeals for the District of Columbia Circuit stated the SEC…
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A U.S. appeals court overturned a previous SEC decision on Tuesday, ruling in favor of asset management firm Grayscale Investments in its effort to launch a spot bitcoin exchange-traded fund (ETF). The unanimous verdict by the U.S. Court of Appeals for the District of Columbia could pave the way for regulatory approval of the first…
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Financial markets are watching closely as Federal Reserve Chairman Jerome Powell prepares to speak at the annual Jackson Hole meeting this Friday. A vital calendar event for central bankers and market watchers, the meeting will offer a platform for discussing changes in monetary policies and economic directions, among other topics. In the lead-up to Powell’s…
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With cryptocurrency prices experiencing a downturn and the S&P Global US manufacturing PMI slipping to 47 in August from 49 in July, a surprising supporter for Bitcoin has come forward—U.S. presidential candidate Robert F. Kennedy Jr. Kennedy, who has been an advocate for civil liberties, used his digital platform today to express his perspective on…
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One of today’s biggest crypto news stories comes from Binance, the world’s largest cryptocurrency exchange by trading volume. On August 22, Binance announced the gradual launch of a new copy trading feature on its futures platform which went live at 6:45 AM UTC. In light of this development, what are the best cryptos to buy…
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