After a decade-long wait, the First spot Bitcoin ETFs started trading in the US Market on Thursday witnessing a $4.5 billion in trading volume on its listing day. While this development triggered a notable uptick across the crypto market, the underlying asset BTC continues to suffer in uncertainty.  On Friday, the Bitcoin price experienced a […]

The euphoria surrounding the approval of spot Bitcoin ETFs has evaporated significantly, leaving the crypto market in a subdued state. One could almost say the news marked the peak, at least for now. Based on the overall technical structure, a significant correction could be brewing before Bitcoin and top altcoins muster the strength to challenge 2024 […]

In a recent social media stir, Samson Mow, the CEO of Jan3, showcased his distinctive humor through a cat meme targeting Elon Musk, the Tesla CEO known for his controversial takes on cryptocurrencies. This meme subtly criticizes Musk’s skepticism about the Bitcoin consensus algorithm, drawing an amusing parallel to Musk’s ventures in rocket science. The […]

According to a signed consent order, the New York State Department of Financial Services (NYDFS) has agreed to the Genesis Global Trading settlement deal which includes an $8 million penalty payment. Genesis Forfeits its BitLicense On Friday, Digital Currency Group (DCG) subsidiary Genesis Global Trading agreed to the settlement with NYDFS on the premise that […]

Cathie Wood, the CEO of Ark Invest, recently shared her insights on the future of Bitcoin Exchange-Traded Funds (ETFs). In a Yahoo Finance interview, she predicted that only three to four spot Bitcoin ETFs would survive in the long term. This forecast comes amidst the launch of 11 such ETFs, including one from Ark Invest, […]

The much-anticipated Bitcoin Exchange-Traded Fund (ETF) launch was met with excitement and skepticism. According to CNBC’s Ran Neuner, while the surface-level enthusiasm was palpable with $4.5 billion traded, a closer examination of the trade’s composition revealed a more nuanced reality. The event, which many anticipated would bring a surge of new capital into the Bitcoin […]

Cardano (ADA) has recently stood out in the crypto sphere, gaining notable traction in price surge. This surge is largely attributed to the positive ripple effect from Bitcoin’s spot ETF approval. The digital asset experienced a significant uplift, breaking past the $0.61 mark.  This marked a new weekly high, showcasing an impressive bullish trend with […]

A recent post about Bitcoin (BTC) on X by Jim Cramer has gotten the internet agog as viewers are no longer sure of what to expect from the American television personality who has made several conflicting predictions in the last few weeks. Cramer is Skeptical About Bitcoin His post statement on X reads “checking in […]

Grayscale Investments, a prominent crypto asset manager, is gearing up to face new challenges after the Securities and Exchange Commission’s (SEC) landmark approval of U.S. Spot Bitcoin exchange-traded funds (ETFs). Meanwhile, Chief Financial Officer Ed McGee sheds light on the financial impact, shifting responsibilities, and risk management strategies in an exclusive interview with WSJ. Notably, […]

Altcoins including Terra Classic rallied the most backed by the hype that followed the approval of spot Bitcoin exchange-traded funds (ETFs) for the first time in the US. While Bitcoin also rose touching $49,000 at one point, its reaction to the news was more or less lethargic. This lack of momentum in Bitcoin price continues to hurt the market, […]