Bitcoin (BTC)

The prospect of a physically-backed ETF or spot ETF got a boost with the launch of Hashdex Bitcoin Futures ETF (DEFI) on Thursday, media reports said. The basis for the optimism is that DEFI was filed under the Securities Act of 1933, unlike other futures-backed ETFs, which were under the Investors Act of 1940.   DEFI has been developed with Teucrium, which specializes in alternative investments. Prospect of Bitcoin Spot ETF As a physically-backed Bitcoin ETF would fall under...

Bitcoin’s bearish stage seems far from over as the second rebound from the $18K support level turned out into another bull trap. The price is currently attempting to break a critical support level. Technical Analysis By Shayan The Daily Chart The cryptocurrency recovered from the $18K level earlier in September after failing to surpass the $24K mark. Yet, the 50-day and 100-day moving averages, seen at roughly $22K, rejected the price to the downside. Bitcoin has also failed...

Bitcoin hasn’t been doing super well as of late, but Anthony Scaramucci – the former White House communications director under Donald Trump and the founder of Skybridge Capital – is saying that the price of the asset could reach a whopping $300K in six years. Scaramucci Thinks BTC Will Grow Heavily That’s right. Bitcoin could increase its price more than ten times by the year 2028. In a recent interview, Scaramucci commented: In the next six years, if we are right, if...

Candy Plus downloads much more than bitcoin and Ethereum wallet address amount The goal; over the 1 Billon download Provide rewards to users through the challenge service Studio SJ announced it had attracted 280 million downloads of the Candy Plus (formerly Candy Camera) application. Candy Plus is the only case where 10 million downloads increased through the expansion service of the NFT. Which over the Bitcoin and Ethereum wallet amounts When implementing the NFT...

As more mainstream financial institutions on the Wall Street enter the crypto financial market, the correlation between cryptocurrencies represented by BTC and ETH and NSDQ increases. The strong interest rate hike by the Federal Reserve and the surge in the US dollar index have brought a more volatile market for the crypto trading. The black swan that come to the crypto market again In the crypto market full of cash and blessing myths, the bear market is always long and...

Bitcoin dipped further below the coveted $20,000 mark to chart another weekly low of just over $19,000. Ethereum also continues to struggle after the Merge implementation two days ago and has slumped below $1,450. Ripple, in contrast, is up by almost 8% daily. Bitcoin’s New Weekly Low The past several days have not been kind to the primary cryptocurrency as the trend changed on September 13. Back then, the asset was riding high and neared $23,000 after gaining over $3,000 in...

The United States Treasury Department added five cryptocurrency addresses to its sanctions blacklist. All wallets are connected to the Russian neo-Nazi paramilitary group – Task Force Rusich – that has participated in the Ukraine war. Prior to that, the Department sanctioned the Ethereum-based cryptocurrency mixer – Tornado Cash – and Blender.io (a software tied to the Democratic People’s Republic of Korea). Weakening Russia’s Forces The US Treasury Department announced it...

A non-profit organization known as the Built with Bitcoin Foundation has put together the funds necessary to build a new hybrid nursery and primary school in the center of Kenya, one of Africa’s most well-known and impoverished countries. Built with Bitcoin Is Making Headway in Africa The company uses bitcoin with the aid of local partners and communities to go around the world and provide things like quality education, proper food supplies, and even clean water to help...

Greenpeace USA – an environmental advocacy group – is calling out Bitcoin for having what it calls an “outdated and efficient” code system.  In a tweet on Thursday, the organization doubled down on claims that Bitcoin’s proof of work mechanism is contributing to the climate crisis. Instead, it suggested that the code be swapped out for a less energy-intensive mechanism like proof of stake.  Campaigning Against Mining The advocacy group’s statements were in response to...

The past seven days saw the successful transition of Ethereum’s network from a Proof-of-Work consensus algorithm to one governed by Proof-of-Stake. The event was described by many as one of the most significant technical achievements in the industry and is put on par by importance with Bitcoin’s halving. However, the total market declined by some $20 billion over the same period as many cryptocurrencies are charting decreases. Bitcoin is among the outliers in terms of price...