Bitcoin (BTC) and the rest of the cryptocurrency market started June trading on a descending pattern amidst regulatory pressure on the industry. However, over the last few days, Bitcoin’s price has experienced a rapid rally propelled by the news of institutional interest in spot Bitcoin ETF. Although the flagship token
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
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
The Japanese National Tax Agency is relaxing its position on taxing crypto assets for companies operating in Japan. To make it simpler for cryptocurrency-related businesses to operate in Japan. The tax administration has reportedly announced that unrealized profits from cryptocurrencies produced by corporations themselves would no longer be taxed. Taxation
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
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
“Mad Money” anchor and crypto critic Jim Cramer from CNBC has made it clear that he is “not against crypto,” but is against fraudulent ventures using cryptocurrency. The American, who has changed his mind several times over the years, has made another contentious declaration. The cryptocurrency industry often makes fun
Casa, a cryptocurrency self-custody platform, recently added support for Ether storage, claiming this to be a first in the market alongside its support for Bitcoin self-storage. Moreover, Casa has been advocating for multisignature self-custody in the cryptocurrency space since its creation in 2016. Its flagship Bitcoin vault has multi-key encryption,
The U.S. Securities and Exchange Commission has approved the first leveraged Bitcoin futures exchange-traded fund (ETF). Volatility Shares’ 2x Bitcoin Strategy ETF (BITX) becomes the first leveraged crypto ETF to get approved in the United States. On June 23, Volatility Shares’ 2x Bitcoin Strategy ETF (BITX) received approval from the
Peter Schiff, the renowned economist and financial broker, suggests that Bitcoin’s inclusion in the recent rally of highly speculative assets might signal the nearing end of this economic uptick. Schiff, known for his unflinching skepticism towards cryptocurrency, made these claims in a recent tweet, stoking anxieties about the sustainability of
