The rush to apply for a spot Bitcoin (BTC) exchange-traded fund (ETF) rejuvenated the bulls but this news is likely to boost the price only to a certain distance. As the price moves up, the risks of a crash increase if none of the ETF applications are approved. Trading firm QCP Capital is not convinced
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Bitcoin (BTC) will hit new all-time highs in 2023, and October is the favorite month for it, a popular trader says. In a Twitter update on June 22, Credible Crypto argued that the next four months should deliver the bullish BTC price momentum needed to tackle $69,000. October “fairly logical” for new Bitcoin all-time highs
Since its inception in 2016, Casa promoted multi-signature self-custody of BTC in the industry with its flagship Bitcoin vault allowing users to store the cryptocurrency using up to five keys for more distributed security. Casa’s service originally catered to Bitcoin ‘whales’ that were willing to spend $10,000 a year on custody, before opening its service
Singapore based cryptocurrency exchange service provider Crypto.com has obtained a virtual asset service provider (VASP) registration from the Bank of Spain. The regulatory approval would allow the exchange to offer a range of crypto-focused services to customers in Spain, a country which has shown a positive crypto stance in recent times. The crypto exchange platfrom
After a grand opening in March, Australian fast-food diner Shiba Wings has seen plenty of customers walking through the doors for their fried delectables. Their appetite, however, hasn’t translated to crypto payments. The Shiba Inu (SHIB) themed diner first opened its doors in Australia’s beachside city Surfers Paradise on March 18, 2023. Speaking to Cointelegraph,
Some news sources have been fond of making comparisons between Bitcoin’s (BTC) price action and that of other assets. In particular, the two most commonly compared asset classes are gold and tech stocks. While a correlation holds, it tends to be a big news story. Throughout much of 2022 and early 2023, for example, the
U.S. crypto exchange Binance.US has informed customers it has resolved its U.S. dollar withdrawal issues after working with its banking partners but warns the relief may not last. The reportedly independent subsidiary of crypto exchange Binance told customers in a June 22 update that its system remains fully operational and that USD withdrawal requests are
Bitcoin (BTC) lingered near $30,000 on June 22 as traders sought opportunities to “buy the dip.” BTC/USD 1-hour chart. Source: TradingView Bitcoin dip-buyers “ready” for $28,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD volatility calming overnight after rapid gains. BTC price performance had impressed the day before, with the largest cryptocurrency returning to
The International Monetary Fund (IMF) has reiterated its calls for crypto regulation across certain countries but said an outright ban may not be the best approach. In a June 22 report on Latin America and the Caribbean, the IMF pointed to various approaches taken by local governments in addressing the adoption of cryptocurrencies and central
Altcoins offer diverse, innovative features, promising technological advancements, and potentially lucrative investment opportunities. Many-a-time specific altcoins post handsome gains that surpass Bitcoin (BTC), popularly known as altcoin season. However, K33 Research analysis shows over the long-term, ‘Bitcoin only’ has been a better investment strategy than an altcoin portfolio. Altcoin portfolio underperformed Bitcoin over the long
Bitcoin (BTC) will unlikely see its first spot price exchange-traded fund (ETF) in the United States soon. That is the opinion of trading firm QCP Capital, which in its latest market update on June 22 warned over spot ETFs’ prospects. SEC’s Gensler presents Bitcoin ETF roadblock BTC price action has offered more than 20% gains
The Netherlands has welcomed a new equities exchange-traded (ETF) fund that will give investors exposure to a basket of Bitcoin-related company stocks. French investment firm Melanion Capital’s Bitcoin Equities ETF began trading on the Euronext Amsterdam Stock Exchange on June 22, introducing an equities-based approach to investing in the Bitcoin ecosystem. BTC NA is designed
Starknet, a zero knowledge layer-2 scaling solution for Ethereum is one step closer to becoming fully Ethereum Virtual Machine (EVM) compatible pending an August testnet launch of Kakarot, a new zkEVM. On June 3, the Kakarot team announced it had received new backing from Ethereum cofounder Vitalik Buterin, Ledger co-founder Nicholas Bacca and Starkware. We
Deputy Alfredo Gaspar, a member of the Brazilian Chamber of Deputies, has requested the summoning of Guilherme Haddad, the director of Binance Brazil, to appear before the Brazilian parliament as part of an ongoing Parliamentary Commission of Inquiry (CPI) investigation into alleged pyramid schemes in the country. The June 21 request will be voted on by members
Blockchain-based payments firm Ripple has obtained in-principle regulatory approval from Singapore’s financial regulator to offer digital asset payments and token products in the city-state. Ripple confirmed the approval from the Monetary Authority of Singapore (MAS) in a June 22 statement. The approval will allow its subsidiary — Ripple Markets Asia Pacific — to further scale
Recently renewed optimism for an approved Bitcoin (BTC) spot exchange-traded fund (ETF) is igniting “The Great Accumulation Race” for Bitcoin, according to industry pundits. Over the past week, Fidelity, Invesco, Wisdom Tree and Valkyrie have followed investment giant BlackRock in applying for a Bitcoin spot ETF with the United States Securities Exchange Commission, which some