Crypto Market News: With the U.S. Securities and Exchange Commission (SEC) lawsuit against Ripple Labs taking a new turn with the public release of Hinman Speech related files, the onus is now on Judge Analisa Torres to deliver the much awaited Summary Judgement. In essence, the Hinman documents revealed that the SEC was in favor of Ethereum, compared to other crypto tokens. Hinman emphasi...
Crypto Market News: Amid widespread fear and uncertainty around crypto enforcement actions in the United States, investor and television personality Marc Cuban shared an interesting tale about his experience trying to register a crypto token. This was when Cuban tried to approach the U.S. Securities and Exchange Commission (SEC) about finding the guidelines on how to register a crypto toke...
As the crypto market strives to regain stability, various factors have influenced Bitcoin price performance in June. Bitcoin generated more than a 3% bearish candle this week and reached long-term support in the $25,100 area. Analysts reported here have taken key indicators such as the SOPR, Short-Term Holder Cost-Basis, and price regions to allow investors to navigate Bitcoin’s price tren...
Crypto Market News: From Blackrock chief executive officer Larry Fink calling Bitcoin “an index of money laundering” in 2017, the world’s largest asset manager came a long way in terms of crypto market adoption. Later, Blackrock made a turnaround and decided to form a working group to study crypto and blockchain technology. This turnaround is akin to JP Morgan CEO Jamie Dimon’s skepticism ...
The news of American multinational investment giant BlackRock filing for a spot Bitcoin Exchange Traded Fund (ETF) application with the United States Securities and Exchange Commission (SEC) shook the crypto ecosystem with mixed reactions trailing the move.
BlackRock Spot Bitcoin ETF: The Industry’s Concern
The BlackRock filing did not come as a surprise to many as the investment giant has...
US House Financial Services Committee Chairman Patrick McHenry took to Twitter to indirectly support BlackRock iShares spot Bitcoin ETF, attacking Gary Gensler-led Securities and Exchange Commission’s (SEC) regulation by enforcement approach to regulate the digital asset market.
Patrick McHenry said he will closely watch the US SEC’s response to spot Bitcoin ETF filing by financial service...
The crypto market is back on a fresh bullish path after a gruesome couple of weeks. Bitcoin price tumbled below $25,000 following the U.S. Federal Reserve decision on interest rates. While a pause on interest rate hikes was a positive sign for risk assets like BTC, the comments made by the bank’s Chair Jerome Powell triggered the sell-off.
Based on Powell’s hawkish speech, investors should...
Crypto Market News: What started as a check of interest is likely building up into potentially an Amicus Curiae status granted to Coinbase users in the U.S. Securities and Exchange Commission (SEC) lawsuit. John Deaton, the lawyer representing over 76,000 XRP token holders in the SEC lawsuit, had last week asked if Coinbase and Binance users could unite into a group to fight for themselves...
Crypto Market News: The unprecedented enforcement actions on crypto businesses in the United States is begging the question as to whether there is need for high level debates between lawmakers and industry experts. That the two of the world’s top crypto exchanges have been targeted in back to back lawsuits by the U.S. Securities and Exchanges Commission shook the crypto market. In this con...
Crypto Market News: Less than a year after launching a spot Bitcoin private trust, Blackrock, the world’s largest assets manager, is making moves in the direction of filing for a Bitcoin Exchange Traded Fund (ETF), Reuters reported on Thursday. As and when the Bitcoin Bitcoin ETF will be launched, it will prove to be a massive move in terms of mainstream crypto market adoption. The asset m...
