Bloomberg Intelligence analyst Mike McGlone believes that the approval of the first Bitcoin spot ETF in the United States is “inevitable”, but the Federal Reserve could still be a bearish influence. McGlone noted that the Fed is still tightening despite the tilt towards economic contraction, which could lead to further downside pressure for both Bitcoin […]
The cryptocurrency market has been thrown into disarray by a series of regulatory developments, leading to considerable volatility for major cryptocurrencies, including Bitcoin and Ethereum. The recent SEC lawsuits against industry giants Binance and Coinbase have further compounded market anxieties, sparking widespread speculation of a systematic effort to destabilize the industry.As a result, Bitcoin and […]
Coinbase Exchange announced today that it will be suspending 41 non-USD trading pairs, including ALCX/USDT and BIT/USD, in order to improve overall market health and consolidate liquidity. The affected trading pairs account for a negligible amount of Coinbase’s total trading volume. Users of Coinbase Advance will still be able to trade the suspended assets through […]
The Securities and Exchange Commission (SEC) is considering its next steps in regards to the Bitcoin Exchange Traded Fund (ETF) applications. Analysts have suggested that the SEC may delay the applications before making a decision.The Bitcoin ETF has been a topic of discussion for some time now, with many investors hoping that the SEC will […]
The US Securities and Exchange Commission (SEC) is facing increasing pressure to approve the first Bitcoin spot ETF for the US market. Bloomberg ETF analysts Eric Balchunas and James Seyffart have increased their odds of approval from 65% to 75% this year.The SEC has suffered a double loss after Grayscale Investments’ win in a review […]
The Securities and Exchange Commission (SEC) Chairman Gary Gensler is set to testify before Congress twice in September, once before the Senate Banking Committee and later the House Financial Services Committee. This follows criticism from lawmakers, particularly Republicans, who have accused Gensler of taking an overly aggressive approach to digital asset regulation without providing explicit […]
Kinetix Finance, a venture launched by core contributors of Quickswap, has unveiled its new Perpetual Market on Kava Chain. Kava Chain is a Layer-1 Cosmos-Ethereum interoperability blockchain. The Perpetual Market offers users leveraged exposure to crypto assets such as KAVA, axlETH, axlWBTC, ATOM, and USDt, while ensuring utmost transparency and security.At the heart of Kinetix’s […]
Francis Suarez, the mayor of Miami, has withdrawn from the US Presidential race without providing an exact reason. He is known for his outspoken support of bitcoin and has invested some of his wealth in the digital asset. Suarez also became the first American politician to receive his salary in BTC instead of fiat currency.In […]
The SEC’s stance on the XRP token and its position in the market has been a topic of conversation recently, after a memo from 2018 sparked a new wave of discussion. Attorney John Deaton has provided insight into why SEC enforcement lawyers are holding back from providing clarity on Ripple’s position in the market.The memo […]
Benzinga, a leading financial media company, is hosting its annual Future of Digital Assets Conference on November 14th in New York City. This event will bring together the world’s top investors, founders, and entrepreneurs to discuss the future of digital assets. The day before the conference, Benzinga will host the Benzinga Fintech Deal Day & […]
