The Bitcoin price experienced a further sell-off yesterday and fell by more than 5% intraday to as low as $40,660. Since the year-to-date high of $49,000 on January 11, the BTC price has dropped by as much as 17%. However, according to renowned crypto analyst Jacob Canfield, this may not …
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The United States Securities and Exchange Commission (SEC) has announced an extension in the decision-making process for Fidelity’s proposed Ethereum exchange-traded fund (ETF). According to the official statement released on January 18, 2024, the SEC has decided to prolong the review period by 45 days. This extension is to ensure …
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The data for the fourth day on which spot Bitcoin ETFs are traded in the US is complete. And the numbers are once again extremely impressive. Bloomberg analyst Eric Balchunas presented the final data for day 4 of the spot Bitcoin ETFs via X, highlighting the strong performance of the …
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Renowned macroeconomist Henrik Zeberg has set the financial world abuzz with a stark prognosis on X (formerly Twitter), forecasting a dramatic surge in the Bitcoin price to a peak of $115,000 to $150,000. However, this meteoric rise is predicted to find an abrupt end, caused by a devastating macroeconomic downturn, …
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While all eyes were on the Coinbase vs. the US Securities and Exchange Commission hearing yesterday, there was another major court case that, while not directly affecting crypto, could indirectly have a massive impact on the industry and companies like Ripple and Coinbase. The case in question is Loper Bright …
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The Bitcoin price has been experiencing a phase of stagnation over the past days, leaving investors and analysts searching for the underlying causes. Three key factors can be seen as central to explaining Bitcoin’s current sideways trading trend: #1 ETF Inflows Are Offset By GBTC Selling, But For How Much …
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In a detailed thread on social media platform X, on-chain forensic analyst TruthLabs, known as @BoringSleuth, and supported by former Ethereum advisor Steven Nerayoff, has levied substantial allegations against the Ethereum Foundation. According to TruthLabs, there is transactional evidence linking the Ethereum Foundation to the substantial Gatecoin hack of 2016, …
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Ethereum’s journey towards a more scalable and efficient blockchain encountered a significant roadblock when the highly anticipated Dencun upgrade failed to achieve finalization on the Goerli testnet today. Activated at 6:32 UTC, the upgrade’s inability to reach consensus has injected uncertainty into the timeline for its deployment on the mainnet, …
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The US Securities and Exchange Commission (SEC) and Coinbase will face off in federal court today, and according to pro-XRP lawyer John Deaton, the odds are in the crypto exchange’s favor. Coinbase is challenging the SEC’s claims that it has been trading unregistered securities. The outcome of today’s hearing could …
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The crypto trading landscape is witnessing a paradigm shift with the recent introduction of spot Bitcoin ETFs in the United States, catalyzing a new wave of trading dynamics. Bloomberg analyst James Seyffart revealed that the total trading volume of the US spot Bitcoin ETFs over a span of the first …
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In his latest essay titled “ETF Wif Hat,” Arthur Hayes, the founder of the crypto exchange BitMEX, delved into the intricate relationship between traditional finance (TradFi) and the burgeoning field of cryptocurrencies, specifically Bitcoin. Hayes draws parallels between the current financial strategies of global elites and historical practices, suggesting a …
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K33 Research, a prominent entity in the cryptocurrency research sector, has released a scathing report on Cardano (ADA), sparking widespread discussion in the crypto community. The report bluntly advises investors to divest from Cardano, citing a lack of meaningful use for its native token, ADA. Sell All ADA Now? In …
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