As the U.S. stock market continued its downward spiral on Wednesday, bitcoin’s price made a failed attempt to regain the $27,000 barrier. For the cryptocurrency industry to see sustained development, it may need a strong catalyst such as a Spot BTC or ETH ETF approval. Bitcoin supply owned by U.S.
The continuing battle between cryptocurrency entities and the U.S. Securities and Exchange Commission (SEC) has taken an unexpected twist. Ethereum Futures Exchange-Traded Funds (ETFs) are set to make their debut in the United States, possibly as early as next week, according to Bloomberg analysts. This development comes after a turbulent
The Merge update to Ethereum’s core protocol was a watershed point in the cryptocurrency’s history, marking a transition away from the inefficient proof-of-work (PoW) consensus mechanism in favor of the more energy-efficient proof-of-stake (PoS). Ethereum’s compliance with the strict criteria imposed by the Office of Foreign Assets Control (OFAC) has
Bitcoin, the cryptocurrency with the largest market capitalization, has been facing sustained bearish pressure since the second quarter of this year. BTC has continued its downward trend, and on September 11, it reached a three-month low of $24,930. Although it briefly recovered to $27,488 on September 18, the past week
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, continues to grapple with bearish pressure as it strives to regain lost ground. On September 21, 2023, ETH initiated a fresh downward trend, sliding below key support levels and reaching a weekly low beneath $1,580. While the digital asset has since attempted
The recent announcement by Citibank to provide blockchain technology for institutional deposits, convertible into “Citibank tokens” for round the clock cross-border transactions, is a major step forward in the evolution of the financial industry. Robert Kiyosaki, an investor and author, tweeted that Citibank’s recent engagement might mark a turning point
Bitcoin’s price remains over $26,000 despite recent market volatility. The issue, though, is how long this state of affairs can last. The Ripple party and Gary Gensler’s congressional hearing are two of the major events coming up this week. With the SEC’s judgement on Bitcoin ETFs coming up in October,
In the past few weeks, Ethereum (ETH), the second largest market capital-holding cryptocurrency, has encountered a challenging environment marked by bearish pressure, setbacks, and negative sentiments from industry luminaries. These factors have contributed to ETH’s decline; while it briefly reached $1666 in September, it could not sustain these gains for
In light of new allegations of extortion, former Ethereum adviser Steven Nerayoff has launched a new assault on Ethereum co-founder Vitalik Buterin. This comes after XRP attorney John Deaton made the shocking admission that he has seen some of the receipts Nerayoff has that demonstrate problems in the Ethereum ICO
In a rollercoaster ride for cryptocurrency enthusiasts, Bitcoin (BTC) has experienced recent price fluctuations, trading between $27,000 and $27,500 over the past five days, only to drop back to $26,557, marking a 2.41% decrease within the last 48 hours. This downturn followed a rejection at the 20-day Exponential Moving Average
