The discount between Grayscale’s Bitcoin Trust (GBTC) price and the value of Bitcoin has dropped to its lowest level since December 2021, hitting 18.06% this morning, per Coinglass data. Currently, Grayscale Bitcoin Trust holds $17.10 billion worth of Bitcoin. The move came after Grayscale won a landmark victory against the SEC yesterday. A D.C. circuit […]

The crypto community is certainly optimistic after the Grayscale victory over the SEC. The court’s ruling that the SEC had exceeded its authority by blocking the conversion of Grayscale’s Bitcoin Trust (GBTC) into an ETF has been seen as a major step forward for the legitimization of cryptocurrencies. Source : Santiment Will The SEC Appeal? […]

The post Bitcoin’s Revival Requires a Stock Market Crash: Mike McGlone! appeared first on Coinpedia Fintech News Bloomberg Intelligence’s senior macro strategist, Mike McGlone, has stated that the stock market needs to experience a crash before Bitcoin can regain its bullish momentum. McGlone believes that the recent positive correlation between Bitcoin and stocks has hindered […]

It would not be wrong to state that the meme coin sector is one of the most competitive in the crypto world. With so many meme coins circulating in the market, choosing one among them is a herculean task. However, experts have found a new meme king in Pomerdoge. This new project’s growth rate has […]

Binance is launching a new solution in Latin America called Send Cash, designed to facilitate more efficient crypto to local bank transfers. This advancement comes on the heels of Binance’s decision to discontinue its crypto card services in the same region, a move that reportedly affected less than 1% of its users. Available initially in […]

Under the Payment Services Act, the JVCEA and FSA, two financial bodies, closely monitor and regulate crypto-asset providers, requiring a thorough pre-screening process for new tokens. EOS token has been approved for trading in Japan. (Shutterstock) The resurgence story of EOS Network, a blockchain that raised $4 billion in its initial coin offering (ICO) with […]

The Binance Chain (BSC) Hertz hard fork will neither introduce a new burn mechanism nor the concept of GasTip. The upcoming network upgrade will introduce some London and Berlin upgrades from Ethereum to BSC for DeFi compatibility. The leading cryptocurrency exchange by daily traded volume and registered users, Binance, has announced that it will undertake […]

Bloomberg Intelligence’s senior macro strategist believes that risk assets like stocks need to crash before Bitcoin (BTC) jumps back to life. In a new interview with crypto trader Scott Melker, Mike McGlone says Bitcoin is unlikely to take flight as long as the U.S. Federal Reserve keeps the money printer off. “Here’s what I think […]

In a groundbreaking legal decision, the United States Securities and Exchange Commission (SEC) has received a major setback in its regulation by enforcement towards the crypto industry. Digital currency asset manager Grayscale (GBTC) had sued the regulator after it denied its application for a Bitcoin trust to be converted into a Bitcoin ETF. After the […]

Bitcoin surges 7.5%, propelling altcoins STX, BCH, and XDC to substantial gains in positive market response. The US Court of Appeals ruled the SEC wrong in rejecting Grayscale Investments’ application for a Bitcoin ETF. On Tuesday, the federal appeals court ruled that the Securities and Exchange Commission (SEC) must reevaluate the application of Grayscale Investments, […]