Standard Chartered has predicted that the price of bitcoin could rise to $200,000 next year with the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). The bank’s analysts described: “We see this as a watershed moment for normalizing bitcoin participation by institutional money, and we expect approval to drive significant inflows and…
Turmoil in Crypto Market — Misleading SEC Post Triggers Significant Bitcoin Volatility
January 10, 2024
Bitcoin’s value experienced a turbulent Tuesday, largely due to a rogue post from the U.S. Securities and Exchange Commission’s hijacked X account, mistakenly proclaiming the green light for all spot bitcoin exchange-traded funds (ETFs).
False Spot ETF Approval Post…
Ethereum Technical Analysis: Ether Echoes Bitcoin's Volatility Amid Growing ETF Anticipation
January 9, 2024
Ethereum’s trading value, standing at $2,265, represents a fluctuation within a daily range of $2,170 to $2,310, against the dynamic canvas of a $272 billion market capitalization and a robust 24-hour trading volume of $19.24 billion. Ether, along with a multitude of…
This week witnessed a 5% uptick in bitcoin’s value, while ethereum experienced a 1.6% dip over the same period. Leading the charge among the top 100 cryptocurrencies, stacks (STX) soared 29.2%, with osmosis (OSMOS) closely trailing with a 17% increase against the U.S. dollar.
Mixed Week for Crypto: Stacks Witnesses 29% Surge, Heavy Losses for Many
Among the top 100 cryptocurrencies by market…
Ark Invest CEO Expects Spot Bitcoin ETFs to Attract 'Substantial' Institutional Flows, Pushing BTC 'Much Higher'
January 9, 2024
Ark Invest CEO Cathie Wood expects spot bitcoin exchange-traded funds (ETFs) to move the price of bitcoin “much higher.” The securities regulator is expected to make a decision on spot bitcoin ETFs by Wednesday. “We think that the SEC approval, should we and others get…
Luetkemeyer's Exit Sets Up Potentially Crypto-Friendly Turn in House Banking Committee
January 9, 2024
Rep. Blaine Luetkemeyer’s retirement at the end of 2024 opens the door for a new era in cryptocurrency regulation, with Rep. French Hill (R-Ark.) poised to lead the charge in the House Financial Services Committee.
Shift in House Financial Services Committee Leadership…
Crypto Exchange Bitmex Sends Physical Bitcoin to the Moon — Expects to Land on Lunar Surface Next Month
January 9, 2024
Cryptocurrency derivatives exchange Bitmex is sending a physical bitcoin to the moon. “The bitcoin wallet in the shape of one coin will land on the Moon aboard the Peregrine spacecraft, making this the first financial asset to touch the lunar surface!” Bitmex detailed.
Bitmex Sending Bitcoin to the Moon
Crypto derivatives exchange Bitmex announced Saturday that it is “sending bitcoin to the…
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has issued warnings about crypto investing amid soaring anticipation for potential spot bitcoin ETF approvals. The SEC chief stressed that crypto investors “should understand they may be deprived of key…
The police in Taiwan recently arrested two individuals who are accused of deceiving 100 investors into buying fake virtual currencies. The police also apprehended 14 other participants in the fraud scheme and recovered more than $7 million in both cash and virtual…
The U.S. introduces stringent tax reporting laws for transactions over $10,000, while the SEC grapples with a backlog of paperwork for pending spot Bitcoin ETFs. Meanwhile, Michael Saylor sells Microstrategy shares to increase his bitcoin holdings, and CNBC’s Jim Cramer hails Bitcoin as a “technological marvel.”
New Crypto Tax Law Takes Effect in US: Transactions of $10,000 or More Must Be…
