Sat, October 17

Former Grayscale Director Predicts Bitcoin Price Drop to $52K

Former Grayscale Investments director Phil Bonello has lately shook up the cryptocurrency world with a slew of comments and forecasts about Bitcoin’s future. Furthermore, he provided comments about the wider cryptocurrency industry. Bonello indicated that the current adverse swing in Bitcoin’s price would lead to a huge fall. Among the

April 28, 2024 2 mins read

Phoenix Wallet Exits U.S Market Amid Increasing Regulatory Scrutiny

Phoenix Wallet, a non-custodial Bitcoin lightning wallet has announced its intention to remove itself from the Google Play Store and the Apple App Store in response to the increasing governmental pressures in the United States. American users should withdraw their funds from their wallets before May 3, 2024, when the

April 27, 2024 2 mins read

Will Bitcoin Bulls Triumph Over its Current Trials?

The cryptocurrency market finds itself gripped by fear, uncertainty, and doubt as the bears tighten their grip on prices. Bitcoin, the bellwether of the crypto world, plummeted to a low of $63.4K, triggering anxiety among traders. Social media platforms are witnessing a scarcity of buy calls while sell signals surge,

April 27, 2024 2 mins read

Custodia Bank Files Appeal After Court Ruling on Federal Reserve Account Access

Following last month’s ruling by a Wyoming court that Custodia Bank did not have the right to a Federal Reserve master account, the digital asset bank filed a notice of appeal on Friday. As the latest development in a long-running dispute over the bank’s potential access to the central bank’s

April 26, 2024 2 mins read

UK Authorities Gain Power to Seize Crypto Holdings Without Arrests

Authorities in the United Kingdom now have more power to “seize, freeze, and destroy” offenders’ crypto holdings, according to the National Crime Agency (NCA) and police. The country’s law enforcement will be able to confiscate cryptocurrency assets without first making an arrest, according to the new regulations. A press statement

April 26, 2024 2 mins read

Fidelity’s Spot Bitcoin ETF Sees First Net Outflows Since Debut

Based on recent statistics, Fidelity’s spot bitcoin ETF had net outflows of $22.61 million on Thursday, marking the first day since the fund’s debut in January that more money was moving out of the ETF. Daily withdrawals of $217.58 million were reported by many additional U.S. bitcoin funds. Data indicated

April 26, 2024 2 mins read

Bitcoin and Ethereum Options Set to Expire: Traders on High Alert

As the expiration date approaches for significant Bitcoin (BTC) and Ethereum (ETH) options contracts, the cryptocurrency market braces for potential volatility. With 96,000 BTC options and 990,000 ETH options set to expire, valued at $6.2 billion and $3.1 billion respectively, traders are closely monitoring market dynamics. The Put Call Ratio

April 26, 2024 1 min read

Bitcoin Runes DOG Enters Top 10 Memecoins: What’s Ahead in Phase 2?

Bitcoin Runes-based memecoin DOG•GO•TO•THE•MOON (DOG) hits $500 million market cap following announcements of its listings on four notable centralized exchanges (CEXs) within the last 24 hours.  This surge has catalyzed DOG to join the top 10 memecoins by market cap. Notably, DOG stands on the ninth spot, with two hyped

April 26, 2024 2 mins read

Grayscale Bitcoin Trust (GBTC) Faces Continued Outflow Spree

Investors have been quite pessimistic about the Grayscale Bitcoin Trust (GBTC) for an extremely long time now. Senior ETF Analyst Eric Balchunas of Bloomberg confirmed that this 72-day period is the longest in the history of global ETF funds. Since January, when the United States government approved the introduction of

April 26, 2024 1 min read

Bitcoin Sign from Janet Yellen’s 2017 Congressional Hearing Sells for $1M

At auction, a yellow notebook with the words “Buy Bitcoin” sold for sixteen Bitcoin, or more than one million dollars. This notepad was displayed behind then-United States Federal Reserve Chair Janet Yellen at a congressional hearing in 2017. The successful bidder on the Bitcoin auction platform Scarce City went by

April 25, 2024 1 min read