Exchange-traded fund issuer Direxion has filed for a product that would enable speculators to buy contracts that short the price of Bitcoin. In a filing made to the U.S. Securities and Exchange Commission on Oct. 26, the company unveiled the Direxion Bitcoin Strategy Bear ETF. Like other futures products, it will not invest directly in …
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Coinbase CEO Brian Armstrong says the SEC v. Ripple case “seems to be going better than expected.” He added that the U.S. Securities and Exchange Commission “is realizing that attacking crypto is politically unpopular.” Coinbase’s CEO on the Ripple Lawsuit, SEC Attacking Crypto The CEO of the Nasdaq-listed cryptocurrency exchange Coinbase, Brian Armstrong, commented on …
Cryptocurrency exchange FTX, has secured an advertisement spot in one of the most watched events in America — the championship game of the National Football League, to be held in Feb. 2022 According to a report in Bloomberg, FTX purchased an ad in this year’s Super Bowl LVI motivated by the wide reach of the …
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On October 21st, 2021, crypto exchange Binance US experienced a Bitcoin flash crash to led BTC’s price to dropped by over 80%. The industry is maturing, but these occurrences reminiscent the times when a crypto flash was business as usual. Related Reading | Brace For Impact: Wall Street Is Headed Straight For Bitcoin, Says Analyst …
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Cardano and Solana have led the charge of altcoins in the recent round of inflows into the crypto market. Altcoins saw increased inflows alongside bitcoin, which had seen increasing interest from investors after the first bitcoin ETF had been approved and began trading last week. Last week recorded the highest amount of institutional inflows coming …
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Bitcoin has been moving sideways during the day as it was rejected north of $63,000. As of press time, BTC’s price trades at $62,698 with a 1% profit in the weekly chart. BTC moving sideways in the daily chart. Source: BTCUSD Tradingview However, Bitcoin could see some action in the short term. The benchmark crypto …
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Data shows Bitcoin funding rates right now are at the same level as they were in early September. This means the coin may see another flush out similar to how it happened back then. Bitcoin Funding Rates Float Around Similar Levels To Early September As per this week’s on-chain report from Glassnode, the BTC futures …
As blockchain technology weaves golden threads into exciting new use cases, promising solutions like cryptocurrencies, NFTs, and DeFi are continuously gaining more attention, cementing themselves as significant contributors to overall ecosystem growth. Amidst this growing marketplace, blockchain gaming is another promising sector that has proven its potential. Because blockchain games facilitate the play-to-earn (P2E) model, …
Robinhood shares (HOOD) have fallen sharply on the back of the firm’s Q3 results which posted lower than expected crypto trading revenue. The popular retail trading firm published its Q3 report on Oct. 26, with crypto accounting for $51 million (19%) of the total $267 million worth of transaction-based revenue in the quarter. The release …
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SkyBridge Capital founder Anthony Scaramucci says one Ethereum competitor is well-equipped to power complex use cases in the real world. In a new interview with Real Vision, the hedge fund veteran says the decentralized blockchain network Algorand (ALGO) could breathe new life into the consumer goods sector. ADVERTISEMENT Scaramucci explains, “If you’re flying American …
A team of US regulators is exploring how banks could hold and deal with digital assets. According to a report from Reuters, regulators are working to create clearer rules for banks to facilitate client trading of crypto, using it as collateral, as well as holding it on their balance sheets. ADVERTISEMENT Jelena McWilliams, Chair …
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Veteran crypto trader Tone Vays says one key price level will act as the breakout line for Bitcoin’s next price spike. In a new strategy session, Vays says he originally expected Bitcoin (BTC) to pull back even further to about $54,000, but that may not end up happening. ADVERTISEMENT The trader tells his 115,000 …
Solana (SOL) price is meeting resistance near its all-time high again, but solid fundamentals and the impressive growth of its decentralized finance (DeFi) and non-fungible token (NFT) ecosystem are likely to drive the altcoin above $250 before year-end. SOL/USDT 1-day chart. Source: TradingView Institutional investor interest is likely a key factor behind Solana’s impressive 490% …
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Digital rights advocacy group Fight for the Future, the Blockchain Game Alliance, Enjin and 26 blockchain game companies have called out video game corporation Valve for its decision to not allow content related to cryptocurrencies or nonfungible tokens (NFTs) on its Steam marketplace. According to an open letter published by Fight for the Future on …
Chivo will be removing its scalping feature to curb growing speculative tendencies involving Bitcoin, it said in a tweet last night. “Scalping” would allow users to freeze Bitcoin prices for a minute allowing a small window for the users to compare prices on other exchanges before making a final purchase. Chivo took to Twitter to …
Continue reading “El Salvador’s Bitcoin wallet Chivo is set to remove its trade profiting feature”
