Fueled by renewed optimism, Bitcoin briefly rallied back above $28,000 on Monday for the first time since August. But the largest cryptocurrency has since pared those gains, dipping to $27,758 as of writing, down 0.85% so far today. While Bitcoin saw an approximate 6% spike over the past 48 hours, peaking around $28,597, it has…
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The fate of a spot bitcoin exchange-traded fund (ETF) in the U.S. remains in limbo as the Securities and Exchange Commission (SEC) continued to delay decisions on several high-profile applications on September 28. The regulator postponed judgments on filings from financial giants BlackRock and Invesco, along with crypto asset managers Bitwise and Valkyrie. This marks…
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The asset management firm VanEck announced on Thursday that it plans to launch an exchange-traded fund (ETF) based on Ethereum futures contracts in the near future. The VanEck Ethereum Strategy ETF (EFUT) will invest in cash-settled futures contracts for ether, the native cryptocurrency of the Ethereum blockchain network. Amidst these current cryptocurrency ETF developments, what…
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Intrigue is swirling after X’s inaugural Client Council event provided insight into the platform’s ambitions to evolve into “The Everything App,” with many in crypto circles dissecting hints about potential peer-to-peer payment options. While details remain scarce, the event spotlighted X’s vision for enhanced features like video calling and sparked rumors that crypto transaction capabilities…
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Anticipation of a pause in interest rate hikes, spurred by the upcoming Federal Open Market Committee (FOMC) meeting on September 20, stimulated a marked increase in Bitcoin prices earlier today. Bitcoin rose over 3.4% to hit a September high above $27,400 after a stagnant weekend where it held the key $26,000 support level. Some analysts…
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The market capitalization of cryptocurrencies is currently increasing by 1.24%, reaching $1.035 trillion on September 14, as per data from TradingView. This rise can be attributed to the gains witnessed by top cryptocurrencies like Bitcoin, Ethereum, and Solana, in response to the latest inflation data and increased speculation that the Federal Reserve may suspend interest…
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Delaware Bankruptcy Court officials are expected to rule today on cryptocurrency exchange FTX’s request to liquidate up to $3.4 billion in digital assets. The potential sell-off has raised concerns about its possible impacts on the already struggling cryptocurrency market. Given this backdrop, what are the best cryptos to buy now? FTX seeks to sell off…
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One of the main crypto headlines today involves Franklin Templeton seeking regulatory approval for a Bitcoin ETF. Financial services company Franklin Templeton filed an application on Tuesday for a Bitcoin exchange-traded fund (ETF), the latest major firm looking to bring a crypto ETF to market. Given the latest developments on crypto-related ETFs, what are the…
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Artificial Intelligence (AI) and cryptocurrencies are two technologies that encapsulate the spirit of our times. It was only a matter of time before these two domains intersected, giving rise to AI crypto. These specialized tokens function as the operational fuel for AI platforms built on blockchain technology. By spending the tokens, users can access and…
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Major cryptocurrencies saw declines on Monday following an announcement by bankrupt crypto exchange FTX detailing its holdings as of August 31. Bitcoin fell to lows around $25,000, while Ethereum dropped below $1,560 in trading on Monday. Other major cryptocurrencies like Binance Coin and XRP also saw drops of 3.57% and 5.87% respectively. In response to…
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