The SEC has been rejecting the simplest products like a Bitcoin ETF, pushing demand for crypto offshore and unregulated players. Richard Gardener, CEO of tech infrastructure firm Modulus, believes futures ETFs have long been seen as more palatable for regulators and that the decision over a spot ETF is a matter of when not if. […]
Ripple Labs, a blockchain company based in San Francisco, recently transferred nearly 30 million XRP, amounting to $15,040,591 in value, to Bitstamp, a major cryptocurrency exchange. This appears to be a sale, as Whale Alert, a prominent blockchain tracker, identified multiple XRP transactions of similar magnitude during August. Despite a prior 4.73 percent increase since […]
X, the native token for X.com, has seen a surge in price over the past 24 hours, with the token trading at $0.144 at the time of writing. The token has gained 74% over the past week and is one of the top performers across the cryptocurrency market in August. X has posted several bullish […]
Binance USD (BUSD) has seen its market share rapidly decline this year after it was labeled securities by the U.S. Securities and Exchange Commission (SEC). This has caused its circulating supply to dwindle to under $3 billion from a peak exceeding $20 billion last year. In response, Binance has recommended its users convert their BUSD […]
The Securities and Exchange Commission (SEC) may be forced to approve spot bitcoin (BTC) exchange-traded-fund (ETF) applications from several asset managers after a federal court said the regulator must review its rejection of Grayscale’s attempt to convert the Grayscale Bitcoin Trust (GBTC) into an ETF, according to a report from JPMorgan (JPM) on Friday. The […]
Bitcoin price is closing in at $26k once again after dropping to $25,400 last Friday. The coin saw quite a bit of volatility in the final days of August, first skyrocketing to $28k on August 29 after Grayscale’s court victory over the SEC, only to crash again on August 31. Analysts believe that Bitcoin is […]
Wall Street Memes (WSM) is a meme currency that has recently raised over $25 million in its presale funding round. The project is now preparing for its highly anticipated tier-1 launch on September 27th, which is expected to cause a surge in its price. WSM has gained fame as one of the largest meme currency […]
Crypto asset CyberConnect (CYBER) recorded an incredible 326 percent surge to hit an all-time high price last week. According to one analyst, the asset is not done yet as it could stage another rally to hit $17 after its deep correction. Currently, the asset is down to $7.21, however, its weekly gain is still 98 […]
MakerDAO, a Decentralized Finance (DeFi) project, has proposed to build its upcoming “NewChain” off a fork on Solana technology and not the Ethereum Virtual Machine (EVM). This has sparked some negative energy from some Ethereum community members, who have twisted the plot to resemble a competition between these stellar blockchains. Rune Christensen, MakerDAO’s co-founder and […]
The combined market capitalization of the six largest stablecoins (USDT, USDC, BUSD, DAI, TUSD, and USDP) has recently surpassed $121 billion, adding over $660 million in the last two weeks. This is a slight improvement compared to the overall decline registered in the past 18 months, which was prompted by the Terra collapse in May […]
