The crypto sector may react partially to the results of the Federal Open Market Committee (FOMC) meeting of the U.S. Fed on October 31 and November 1, 2023. Nevertheless, traders are looking to Fed Chair Jerome Powell’s following remarks on the US economic outlook as a possible market-moving indicator. However,
A gynecologist working out of central Mumbai, Maharashtra in India lost INR 1.1 crore (approx. $1,31,872) to a Facebook imposter. A lady called Melissa Campbell, proclaiming to be a professional in crypto trading, communicated with the doctor on Facebook last year, promising him a significant return on his investment. After
In a month aptly named “Uptober,” Bitcoin (BTC) keeps up to its position with a significant surge in price. Over the past week, Bitcoin has notched up substantial gains, climbing by over 15.26% to settle around $34,100 after reaching yearly highs of $35,000, a major breakthrough. The journey from a
The Virtual Asset Management Bill was proposed to the Legislative Yuan, Taiwan’s unicameral parliament, on October 25. The purpose of the legislation is to “properly supervise” the sector and give “better protection” for consumers. The 30-page measure seems to provide reasonable requirements for the sector. Also, it recommends that VASPs
The blockchain analytics platform Santiment hinted in a twitter post yesterday that a market downturn for cryptocurrencies may not be happening very soon. This is in response to the current market recovery, which has resulted in significant price gains for Bitcoin (BTC) and other cryptocurrencies. Moreover, there are still a
Searches for “buy Bitcoin” on Google have increased significantly throughout the globe recently, with the United Kingdom seeing an increase of almost 800% in merely the last week. Cryptogambling.tv research found that in only seven days, the number of British internet users who looked for “buy Bitcoin” increased by an
Bitcoin, the world’s leading cryptocurrency, recently made headlines by reaching all-time highs in Argentina, Lebanon, Egypt, Laos, and Nigeria. While it might have gone unnoticed in some regions, it’s essential to understand that Bitcoin’s value isn’t tied to any specific currency, and its global nature means its price can vary
Bitwise has resubmitted its Spot Bitcoin ETF proposal after making certain changes to it. The United States SEC provided input and asked questions that led to this determination. The new plan is consistent with expectations, according to social media postings by ETF industry expert James Seyffart. UPDATE: @BitwiseInvest has submitted
According to Elliptic, a blockchain analytics company, there is “no evidence” that Hamas is using crypto donations to finance attacks against Israel. Elliptic issued a statement on October 25 denying claims that Hamas had received large amounts of cryptocurrency donations. “Remain tiny,” the company said of the funds raised. The
The benefits of Grayscale Investment’s bitcoin trust (GBTC) as a long-term investment are widely acknowledged by market professionals and analysts, who are thus optimistic. The price of GBTC could continue to climb as the discount decreases. And the prospect of SEC approval of the ETF conversion grows. As the likelihood
