Bitcoin (BTC) investment vehicle the Grayscale Bitcoin Trust (GBTC) completed its share unlockings this week, ending a major talking point both inside and outside crypto. Data from monitoring resource Bybt confirms that as of Thursday, no more unlockings are scheduled. Bitcoin shrugs off another FUD narrative Unlocking events at GBTC have continued throughout 2021 and,
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A new survey has found that more than one in ten American citizens aged between 18 to 34 have invested part of their Covid-19 stimulus checks into crypto assets. Conducted by CNBC and research firm Momentive, the survey queried 5,530 adults and found that 11% of survey participants had purchased cryptocurrency with their stimulus money. Roughly
The wider crypto market has a wait-and-see feel to it on Aug. 25 as the price of Bitcoin (BTC) dipped to $47,360 before rebounding off the lower support of the ascending channel to reclaim the $48,000 level. Despite the swift turnaround, analysts are still wary and well-known financial analyst John Bollinger warned investors that it
In recent weeks, the blockchain industry made headlines as it engaged in intense discussions with lawmakers after a $28 billion crypto tax reporting proposal unexpectedly became part of the Bipartisan Infrastructure Deal (BID). Ultimately, the BID language was unchanged, leaving uncertainty for the companies that build on blockchain, especially those dedicated to its value beyond cryptocurrency
Holly Kim, a treasurer in Lake County, Illinois, has reportedly become the first political candidate in the state to accept crypto campaign donations. According to the Chicago Tribune on Wednesday, Kim recently received a $3 Litecoin (LTC) donation from Mark Tan, founder of T Capital Coin, an investment management outfit based in Lake Forest. The
VGX is the native token of Voyager, a cryptocurrency broker, and the asset is designed to generate staking rewards for its holders as well as boost their yield earnings on other digital assets. Over the last 30 days, the asset delivered even more value as it has more than doubled its price against the United
Altcoins and DeFi tokens have been on a tear for the last two weeks and as the end of August approaches many projects are seeing their tokens reach for new all-time highs. Data shows that a majority of the top-10 DeFi tokens gained more than 20% in the past 30-days, with projects like Bancor (BNT)
Bitcoin (BTC) remains on a strong footing after bears failed to capitalize on the rejection near the psychological mark at $50,000. The recent price rise in Bitcoin has not enticed longer-term investors to part with their holdings and Glassnode data shows that the Bitcoin supply held by long-term holders has hit a new all-time high of
Ether (ETH) will face a critical $820 million monthly options expiry on Friday, Aug. 27. That will be the first time that $3,000 and higher options will have a real fighting chance, even though bulls seem to have missed a good opportunity to dominate the expiry because they were too optimistic about Ether’s price potential.
The government of the Kyrgyz Republic is moving forward to cryptocurrency adoption by introducing a national regulatory framework for crypto trading platforms. Kyrgyzstan’s State Service for Regulation and Supervision of Financial Markets (Gosfinnadzor), a regulatory agency operating under the Ministry of Economy and Finance, has developed a draft provision for regulating crypto exchanges, local news
Bitcoin (BTC) prices have recovered by more than 60% to $47,486, after bottoming out below $30,000 on July 20, triggering anticipations of an extended bull market toward $100,000. But to John Bollinger, a celebrated contributor to the field of financial analysis, investors should refrain from buying the benchmark cryptocurrency at current prices. Bollinger advised in his
The United States Securities and Exchange Commission is likely to approve a Bitcoin (BTC) futures exchange-traded fund (ETF) by the end of October, according to Bloomberg ETF experts. Bloomberg ETF analysts Eric Balchunas and James Seyffart issued an investor note on Tuesday suggesting that last week’s abrupt withdrawals of Ether (ETH) futures ETF proposals by VanEck and
Mumbai-based crypto exchange CoinDCX has reportedly joined the Advertising Standards Council of India (ASCI). In what seems like a response to the Delhi High Court’s notice regarding ad disclaimers from crypto exchanges, CoinDCX intends to use this partnership to improve advertising transparency and stay off the radar of the Indian regulators. ASCI is a non-governmental,
Deutsche Boerse-backed digital asset firm Crypto Finance AG and Swiss business-to-business transaction bank InCore are launching a new tokenization tool based on the Tezos blockchain. InCore Bank officially announced on Tuesday a new collaboration with Crypto Finance AG and Swiss IT consulting firm Inacta to introduce new digital financial products based on Tezos, a decentralized, open-source,
Bitcoin (BTC) headed down to test new support on Wednesday after a breakdown of bullish trajectory sparked predictions of $44,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Old resistance provides a backdrop for BTC price rethink Data from Cointelegraph Markets Pro and TradingView showed BTC/USD losing around 2% overnight Wednesday. A rejection after an attempt to
The hashrate for the Bitcoin network has made a remarkable recovery since it crashed following China’s crypto mining clampdown earlier this year. The Bitcoin hashrate has now topped 150 Exahashes, or one quintillion hashes, per second according to data from analytics provider CryptoQuant. On Aug. 24, the metrics provider reported a hashrate of 152 EH/s