Crypto news

Bitcoin’s price has basically been on pause since mid-June, as the asset trades range-bound since then. The exchange rate of BTC to USD remained above $29,000, with resistance at $30,000. It’s as if markets are waiting on the SEC’s spot Bitcoin ETF approvals. In fact, one metric of bitcoin’s price stability touched five-year historic lows at the beginning of August. Weirdly, BTC was even less volatile than U.S. stocks briefly this month. But with each new application for a...

David Tamil of Pro Chain Capital fame believes that bitcoin is going to reach $50K by the end of the year. He also thinks that home and real estate prices are going to come crashing down. Will Real Estate Be in a Weaker State? The latter shouldn’t be surprising to anyone. After all, Joe Biden – the present commander-in-chief – has done nothing of value since entering the White House and has instilled extremely weak economic policies and signed his name to multiple...

Bitcoin’s troubles continue as the asset has returned below $26,000 after exceeding that level yesterday following the price flash crash. Most altcoins have also seen daily declines, with ETH and BNB dropping by 1.5% once more. BTC Still Below $26K The primary cryptocurrency was stuck in a tight range between $29,200 and $29,500 for a week until a few days ago. It tried to break out toward $30,000 on Monday but was stopped in its tracks, and the subsequent rejection pushed it...

[PRESS RELEASE – Please Read Disclaimer] CAIZcoin, a blockchain and cryptocurrency pioneer, is excited to announce its official debut on major cryptocurrency exchanges across the world. This widely anticipated move represents a huge step forward in CAIZcoin’s mission to revolutionize how people access and interact with digital assets. CAIZcoin is a leader in innovation with an agenda of developing a fair and ethical financial environment that could accommodate users from all...

The Australian Securities and Investment Commission (ASIC) has sentenced Melbourne-based cryptocurrency lending firm Helio for falsely claiming it held an Australian credit license (ACL) in August 2019. According to an official release from the ASIC, Helio was sentenced to a non-conviction bond and entered into a recognizance of A$15,000 ($9,600) for 12 months on the condition of good behavior. ASIC Sentences Helio The Australian securities regulator charged Helio in April...

The U.S. Securities and Exchange Commission (SEC) has filed a motion requesting permission to appeal a federal court ruling last month claiming that secondary sales of Ripple’s XRP token are not securities. The agency argued that there are still “substantial grounds for difference of opinion” regarding how securities laws apply to crypto, making frequent reference to a similar case involving Terraform Labs where the judge ruled differently. Ripple Case Not Over? The motion,...

A United States judge has ruled that the Securities and Exchange Commission (SEC) can seek assistance from the South Korean government in interviewing Daniel Shin, co-founder of Terraform Labs, along with Do Kwon. US District Judge Jed Rakoff ruled on Thursday that the SEC is permitted to utilize a procedure outlined in a 1970 treaty that regulates international evidence-gathering requests. Despite denying any misconduct, Kwon did not contest SEC’s request. As part of the...

The fervor that surrounded Bitcoin Ordinals seems to have waned, with sales volume dropping more than 97% from its all-time high in May 2023. However, some community members believe Bitcoin Ordinals are not dead, some others state that the earlier hype was a major cause of its crash, arguing that Bitcoin is better off maintaining its primary function as a store of value. A 97% Crash Within 3 Months Bitcoin Ordinals have seen a sharp decline in sales volume from its peak of...

As crypto mining firms rapidly expand infrastructure ahead of the 2024 Bitcoin halving, the industry is also branching out into another growing tech frenzy: artificial intelligence. A report from JP Morgan on Thursday explained how mining businesses are now repurposing their infrastructure to provide high-performance computing services. Miners Pivot to AI As led by Nikolaos Panigirtzoglou, the analysts wrote that miners are partly funding their shift to AI by selling BTC...

[PRESS RELEASE – Singapore, Singapore, August 18th, 2023] Crypto Exchange Huobi announced a strategic partnership with TradingView on data and trading integration services. Users will now be able to directly view the real-time prices of cryptocurrencies on Huobi with TradingView. They can also create accounts and trade on Huobi without having to switch between platforms. With more than 50 million traders and investors globally, TradingView is a premier financial chart...