Coinbase, the largest U.S.-based digital asset exchange, has fired back at the U.S. Securities and Exchange Commission (SEC) in a court filing, stating that the regulator lacks the jurisdiction to institute an enforcement action against the exchange. Both the SEC and Coinbase are bracing themselves for a lengthy legal battle with the securities watchdog claiming…
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Bitcoin (BTC) saw a second strong bounce from support in the $30,000 area late on Wednesday, with the bulls remaining in control for now. The world’s largest cryptocurrency by market capitalization was last trading around $30,500, within this week’s ranges as support in the form of the late-April/early May highs in the $30,000 continues to…
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Bitcoin (BTC) is falling out of favour among crypto criminals, and accounted for just 19% of crypto crimes in 2022, a new report has found. In the report, blockchain intelligence firm TRM Labs said that cybercriminals are increasingly diversifying which blockchains they rely on to conduct their activities, with chains such as Ethereum, Tron, and…
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As Bitcoin’s (BTC) daily trading volume soars above the $10 billion mark, pushing the price of Bitcoin, the world’s largest cryptocurrency, into positive territory, the persistent question arises: has the bear market ended? Amidst this momentum, an intriguing development in the form of a surge in cryptocurrency mining stocks, with Hut 8 Mining leading the…
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Michael Saylor’s MicroStrategy has added an additional 12,333 Bitcoin to its portfolio, in the last two months. According to a company report, MicroStrategy, together with its subsidiaries, bought the asset between April 29 and June 27, for approximately $347.0 million in cash, at an average price of approximately $28,136 per Bitcoin…. Read More: MicroStrategy Acquires…
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Over the past 30 days, the popularity of the term “bitcoin” has surged significantly, as indicated by Google Trends metrics. On June 21, 2023, the search term bitcoin achieved a perfect score of 100. Notably, the curiosity surrounding bitcoin-related news has also experienced a notable uptick this past month. In particular, topics such as Blackrock’s…
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The price of Bitcoin currently stands at $30,442, reflecting a less than 0.50% drop on Wednesday. As Cathie Wood’s ARK Investment Management positions itself for a leading role in the Bitcoin ETF race, all eyes turn to the potential impact on Bitcoin’s price trajectory. This update delves into the Bitcoin price prediction amid these unfolding…
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Bitcoin (BTC) miners in Texas have halted operations after a heat wave and subsequent surge in electricity prices put the state’s power grid under pressure. Crypto miners in the region as well as grid manager the Electric Reliability Council of Texas, or Ercot, have confirmed the pause in mining operations, according to a report form Bloomberg…. Read More: Texas…
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The share price of Grayscale Bitcoin Trust (GBTC) reached a one-year high on Tuesday, fueled by renewed optimism surrounding the potential conversion of the trust into an exchange-traded fund (ETF). The surge came in response to reports that asset manager Fidelity Investments is preparing to follow BlackRock’s lead in filing for a spot Bitcoin ETF….…
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The JAN3 CEO Samson Mow has claimed that El Salvador can serve as a “beachhead” in the battle for global Bitcoin (BTC) adoption – and suggested other LATAM nations could “easily” follow the country’s lead. El Salvador adopted BTC as legal tender in 2021, under the leadership of its Bitcoin-keen President Nayib Bukele. In an…
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