Sun, July 5

Fidelity Investments Reportedly Filing for Spot Bitcoin ETF Soon

In what may be a watershed moment for the Bitcoin exchange-traded fund (ETF) industry, prominent firms are rushing to submit applications to the U.S. SEC in June 2023. On June 15, 2023, Blackrock, the biggest asset manager in the world, applied for the same, and it was quickly followed by

June 27, 2023 2 mins read

Hong Kong Rating Agency HKVAC Publishes Virtual Asset Index

Major progress was apparently made in the crypto sector as the Hong Kong rating agency HKVAC published its virtual asset index. The list comprises the 30 biggest cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH). This follows HSBC’s recent decision to allow Hong Kong residents to invest in Bitcoin and Ethereum

June 27, 2023 2 mins read

Jack Dorsey-backed Damus Faces Removal from Apple’s App Store

Apple has decided to formally remove Damus, a decentralized social networking app built on the Nostr protocol, from the App Store because the company has not brought the app in line with its Bitcoin tipping service. Damus tweeted on Monday that despite the app being updated to make it obvious

June 27, 2023 2 mins read

Largest Bitcoin Mining Firm Invests $162M in Expansion, Find Out Why

Riot Platforms, a major player in the global Bitcoin mining industry, is poised to significantly enhance its hashrate capacity by acquiring 33,280 mining rigs from MicroBT, a renowned manufacturer of essential equipment for cryptocurrency mining.  The order for Application-Specific Integrated Circuit (ASIC) amounts to an impressive $162.9 million, setting it

June 27, 2023 1 min read

ECB Official Suggests Gambling Regulations for Crypto Sector

European Central Bank (ECB) executive board member Fabio Panetta has cast a gloomy future for crypto, linking it with gambling among traders. The official said that crypto assets should be regulated as a kind of gambling due to their “highly volatile” character. In prepared comments for a panel discussion at

June 26, 2023 2 mins read

ProShare’s Bitcoin ETF Witness Massive Inflow Amid Spot ETF Trend

ProShare’s Bitcoin Futures Exchange Traded Fund (ETF) $BITO has seen a huge surge in inflows, boosting its asset value to over $1 billion, a development that is very important for the cryptocurrency market. Speculation over the Securities and Exchange Commission’s (SEC) possible approval of a spot Bitcoin ETF has piqued

June 26, 2023 1 min read

Bitcoin Price Stays Above 30K, Will the Uptrend Continue?

The top cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), have demonstrated significant strength, continuing their upward trajectory in the early hours of trading this week. BTC, the world’s largest cryptocurrency, has managed to maintain its position above the $30,200 range, while ETH has surged by 8.66% in a week to reach

June 26, 2023 2 mins read

Bitcoin (BTC) Could Hit $300,000, Claims Prominent XRP Lawyer

Attorney John Deaton recently engaged with his substantial Twitter following of over 276,300 users by posing a thought-provoking question regarding the potential future market cap of Bitcoin. Deaton questioned whether Bitcoin could eventually achieve a market cap that is half the size of gold. He speculated that if this were

June 25, 2023 2 mins read

Whopping 96% Short-Term BTC Holders in Profit as per Glassnode

Since the beginning of the month, Bitcoin’s (BTC) value has increased by the most among all cryptocurrencies. After a sustained bullish ascent, the leading cryptocurrency reached a new annual high of almost $31,000 this past week. Bitcoin is now trading at $30,555 at the time of this writing. Glassnode, an

June 25, 2023 2 mins read

Sim Swap Hacker Sentenced 5 Years of Jail Time in U.S

Joseph O’Connor, alias “PlugwalkJoe,” was given a five-year jail term in the United States for his part in a SIM swap assault on a cryptocurrency exchange executive in April 2019 that resulted in the theft of $794,000 worth of cryptocurrencies. O’Connor was apprehended in Spain in July 2021. and eventually

June 25, 2023 1 min read