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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The U.S. Securities and Exchange Commission (SEC) announced on August 31 that it will postpone decisions on proposed rule changes related to spot Bitcoin exchange-traded funds (ETFs) until October. The SEC is postponing judgments on proposed rule changes that would allow Fidelity (Wise Origin), VanEck, WisdomTree, Invesco, and others to offer spot Bitcoin ETFs on…
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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 $1,400 within the first hour after the news broke. The ruling by the U.S. Court of Appeals for the District of Columbia Circuit stated the SEC…
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Speaking at the Kansas City Fed’s annual Jackson Hole economic policy symposium on Friday, Federal Reserve Chair Jerome Powell signaled the central bank is willing to continue aggressive interest rate hikes to curb high inflation. Powell put emphasis on the urgency of not letting up on bringing down inflation, currently at its highest in 40…
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The price of Pepe Coin ($PEPE), the crypto market’s third largest meme coin by market capitalization and best-performing crypto asset of the year so far, recently fell as much as 14% in minutes amid a wave of social media Fear, Uncertainty and Doubt (FUD)…. Read More: Pepe Coin Price Prediction as PEPE Slumps 15% Amid…
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Bitcoin’s daily relative strength index (RSI) has plunged below 20, reaching lows not seen since the March 2020 COVID-19 pandemic crash. This significant oversold reading is sparking discussion about a potential price rebound. With this in mind, what are the best cryptos to buy now? Historically, extreme oversold conditions on the RSI have sometimes preceded…
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Blue-chip cryptocurrency markets remain stuck within recent ranges and trading with a modestly negative bias on Thursday, despite US inflation data fuelling the crypto-positive narrative that the US Federal Reserve’s hiking cycle is over. Bitcoin (BTC) was last changing hands close to $29,400, while Ether (ETH) was last trading just under $1,850…. Read More: Biggest…
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The United States Federal Reserve announced on Tuesday an enhanced oversight program concerning lenders’ interactions with cryptocurrencies. This decision follows a string of measures from U.S. regulators designed to curtail banks’ direct involvement in cryptocurrencies. In light of this macroeconomic development, what are the best cryptos to buy now?… Read More: Best Crypto to Buy…
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Blue chip cryptocurrencies are still trading with a positive bias on Wednesday, despite Bitcoin (BTC)’s failure to hold to the north of the $30,000 following two attempted pushes higher. Bitcoin (BTC) was last trading with gains of around 1% in the last 24 hours, while Ether (ETH) was up close to 0.7% over the same…
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