On Wednesday, at a panel discussion of central bankers organized by the ECB in Sintra, Portugal, Federal Reserve Chair Jerome Powell reiterated the Fed’s hawkish approach. Powell stressed that the Fed is not done managing inflation and indicated the potential of consecutive interest rate rises ahead of the next Federal
With the completion of a merger deal, Bitcoin Depot, one of the biggest cryptocurrency ATM companies in the United States, announced that it would be going public. GSR II Meteora Acquisition Corporation, a fintech business, said on June 30 that its investors had authorized a merger that would allow the
Fidelity, the global asset manager, has officially filed for its Spot Bitcoin ETF recently. The U.S. Securities and Exchange Commission stated that the filings made for the Bitcoin exchange-traded funds (ETF) by Blackrock and Fidelity were not sufficiently clear and comprehensive. After the SEC’s comments, Fidelity updated the application. The
Bitcoin (BTC), the largest cryptocurrency by market capitalization, has experienced a significant drop, sending shockwaves through the crypto market. A report revealing the U.S. Securities and Exchange Commission’s comment on asset managers’ application for the launch of spot Bitcoin exchange-traded funds was the cause of this decline. On June 30,
In a time when the cryptocurrency sector is facing regulatory hurdles elsewhere, notably in the United States, South Korea enacted its first independent virtual asset law on Friday. The purpose of the bill is to strengthen crypto regulation and shield investors against mishaps like Terra-LUNA, which was precipitated by Terra
In a major shift for the cryptocurrency industry, Bitcoin’s percentage supply on exchanges has dropped to 11.7%, the lowest level in the last five years. Around 1.84 million wallet addresses have reportedly acquired 910,000 Bitcoins, a significant sum in light of the rising demand for Bitcoin. BlackRock’s application of a
Lower crypto taxes and other measures impacting the crypto sector were approved by the National Council of the Slovak Republic, Slovakia’s parliament. An amendment that would lower individual income tax on gains from the sale of cryptocurrency held by the holder for a minimum of twelve months was approved by
Bitcoin Cash, the junior of the powerhouse Bitcoin, is currently experiencing a bullish trend. Today, its price has surged by 30%, reaching an all-time high for this year at $298. This significant increase in price can be continued with the constant upward movement of Bitcoin Cash in recent weeks, with
Cryptocurrencies, once the plaything of tech enthusiasts and a curiosity of the financial world, have matured into an undeniable force that cannot be ignored. These digital assets have transformed from an esoteric concept to a global financial trend. As a result, forging their paths across diverse geographical boundaries from East
In a significant development, Fidelity has formally requested approval for a spot Bitcoin ETF. Consequently, optimism is rebounding within the beleaguered crypto industry. As per a Coingraph tweet, the proposal, sent to the U.S. Securities and Exchange Commission (SEC), seeks to list and trade shares of the Wise Origin Bitcoin
