Bitcoin is just 12% shy of all-time highs, but a trader says it could stay in this zone for at least the next few months unless demand comes through. The price of Bitcoin may hover around the $66,000 zone until September, and if so, will provide investors with ample opportunities to accumulate, according to a…
Read more
Coinbase has now filed a motion to compel, including among others, a narrowed request for Gary Gensler’s private communications during his time as Chair. Coinbase has filed a motion to compel the United States securities regulator to produce Gary Gensler’s private emails amid its ongoing legal battle with the regulator. It comes after Coinbase sent a…
Read more
The newly launched spot ETH funds posted positive net inflows despite being weighed down by $485 million of bleeding from Grayscale’s Ethereum Trust. United States Ether exchange-traded funds (ETFs) posted a net inflow of $106.6 million on their first day of trading — despite massive outflows from Grayscale’s freshly-converted Ethereum Trust. BlackRock and Bitwise’s ETFs…
Read more
The crypto exchange blamed regulatory pressures and “compliance requests” from local financial regulators as the reason it terminated its services. Crypto exchange Gate.io has begun shuttering services for Japanese customers, citing “compliance requests” from the country’s financial regulator. Gate.io announced the termination of services for all Japanese customers in a July 22 announcement, adding that it…
Read more
Vice President Harris has secured more than enough backing to clinch her spot as the official Democratic nominee. United States Vice President Kamala Harris has passed the threshold of support needed from delegates that would clinch her the Democratic presidential nomination. Harris has now secured pledges from 2,668 delegates at the time of publication, according…
Read more
BlockTower Capital CIO Ari Paul is prepared to “lay 10:1” against the possibility of the US creating a Bitcoin strategic reserve in the next four years. The idea of the United States government holding a Bitcoin strategic reserve may be “bullish” for its price, but it is unrealistic to actually come to fruition in the…
Read more
Quantum annealing systems could impact the finance and blockchain industries in a major way. Nvidia researchers are claiming noteworthy progress in the quest to build a fully functional, commercially viable quantum computer based on supercomputer simulations conducted with graphical processing units (GPUs). While progress toward the development of a useful quantum computer has been steady…
Read more
The Chicago Board Options Exchange has confirmed that five spot Ethereum ETF products will begin trading on July 23. Five spot Ethereum exchange-traded funds (ETF) will begin trading on the Chicago Board Options Exchange on July 23, “pending regulatory effectiveness,” CBOE announced on July 19. On May 23, the United States Securities and Exchange Commission…
Read more
The Li.Fi protocol experienced a security breach when hackers exploited a specific contract address, resulting in the loss of over $8 million in cryptocurrencies. The attack has since been mitigated. Li.Fi, an API for Ethereum Virtual Machine and Solana swaps and bridging, was attacked on July 16, and over $10 million in cryptocurrencies was drained.…
Read more
A Pudgy Penguins character integrates into Pixelverse, joining characters like Doge from Dogecoin and Mew from the Solana memecoin MEW. The face of the popular non-fungible token (NFT) collection Pudgy Penguins, will be integrated as a character on Pixelverse’s mini-game on Telegram. On July 16, Pixelverse announced that it would introduce the Pudgy Penguin character…
Read more
