The price of bitcoin has witnessed slight correction lately after a significant rally to $27,200 mark. As a result, there is a great deal of unpredictability in the crypto market. Moreover, the SEC recently postponed a decision on a Spot Bitcoin exchange-traded fund (ETF) application from Blackrock, a global leader
On Friday afternoon, Singapore authorities detained Su Zhu, a co-founder of the defunct cryptocurrency hedge firm Three Arrows Capital, at Changi Airport. According to Teneo, which is in charge of winding down the failed hedge firm, he was attempting to escape the country when he was arrested. Both Zhu and
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 global cryptocurrency market has maintained stability and is witnessing a slight recovery. Meanwhile, Binance, the world’s largest cryptocurrency exchange, has made the decision to sell its Russian unit as part of its strategic exit from the Russian market. Over the past 24 hours, the cryptocurrency market has displayed significant
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
Cryptocurrency, like many other emerging technologies, was first ignored in India. It seemed as if Indians were hesitant to even acknowledge the industry existed. Lately, the government’s attitude on VDAs (virtual digital assets) has changed significantly due to widespread usage both internationally and in India. In 2022, this was formalized
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
One of the leading crypto asset manager, Bitwise Asset Management, has updated its proposal for a Bitcoin Exchange-Traded Fund (ETF) significantly. Bitwise’s pursuit of a Bitcoin ETF was recently updated with important information by Bloomberg Analyst James Seyffart in a tweet. The intriguing new angle that Seyffart’s tweet brings to
Michael Saylor led MicroStrategy based in the United States, has recently acquired 5,445 Bitcoin (BTC), making it one of the largest institutional investors of BTC. According to the latest report from the company’s chairman, Michael Saylor, the most recent investment was made at an average price of $27,053 per Bitcoin,
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,
