Crypto news

[unable to retrieve full-text content]CoinspeakerSEC to Approve Ether Futures ETF in US The Ether futures ETF tracks the futures contract of Ethereum. SEC to Approve Ether Futures ETF in US

Bitcoin cash price started a fresh decline below the $220 zone against the US Dollar. The price is now trading below the $200 zone and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $220 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down if it stays below the $200 resistance zone. Bitcoin cash price is declining below the $200 zone against the US Dollar,...

Is Bitcoin or Ethereum a better protocol for developers? A closer look reveals the answer may not be so obvious. Tony Cai – CEO of Bitcoin-based DeFi platform Atomic Finance and former Ethereum builder – published a Twitter thread on Wednesday explaining the different experiences of building apps on both networks, including the strengths and weaknesses of each. Bitcoin’s Advantage: Security and Focus According to Cai, Bitcoin’s first advantage is the security of its...

California-based crypto custodian BitGo announced securing $100 million in a Series C funding round, bringing its valuation to $1.75 billion. The freshly injected funds will be deployed to make strategic acquisitions and expand its regulated custody, wallet, and infrastructure solutions globally. Both new and outside strategic investors have participated in the funding round. In a statement, BitGo CEO Mike Belshe highlighted the growing demand for regulated custody solutions...

Bitcoin’s price plummeted on Thursday to $25,300, touching lows the asset has not seen in the past two months. The event triggered nearly $1 billion in liquidations across the entire crypto market. Bitcoin slightly rebounded after the crash, trading for $26,386 at writing time. The last time Bitcoin traded this low was in mid-June, shortly after Binance and Coinbase were sued by the Securities and Exchange Commission (SEC), and shortly before BlackRock announced its bid for a...

Singapore authorities have arrested 10 foreign nationals suspected to be involved in money laundering and forgery, among other illicit activities, and have seized or frozen cash, assets, and crypto worth over S$1 billion. While eight other suspects are on the run, the case could be considered one of Singapore’s largest money laundering crackdowns. Singapore Seizes Over $1B in Cash, Properties, and Assets The Singapore Police Force (SPF), in a Facebook post on August 16,...

Stablecoin giant Tether announced on Thursday that it has discontinued USDT support for three blockchains, on which the token “lacks significant traction.” Those chains include Bitcoin’s Omni Layer, Bitcoin Cash’s Simple Ledger Protocol (SLP), and Kusama. No Signs Of Omni Adoption As explained on Tether’s website on Thursday, community interest is a “key factor” in deciding whether or not the company will bring USDT to a particular network. “If a blockchain lacks significant...

Shiba Inu (SHIB), Pepe (PEPE), and Bone Shibaswap (BONE) are among the top five trending coins in the market today. Interestingly, none of them is making the headlines for a good reason. Data from CoinMarketCap indicates the three meme coins are currently all in the red. BONE is down 12.83% in the last 24 hours, and more than 20% over the last seven days. On its part, Shiba Inu is currently 8.16% below its price from the previous day and 10.5% over the week. At 2.15%, PEPE...

Blockchain analytics platform Santiment revealed that the increased short positions in the crypto market provide an opportunity for bullish investors to position themselves for an uptick in prices. In a recent tweet, Santiment said traders have doubled down on their short positions due to the market’s current downturn. Traders Bet Against Crypto Markets With many traders betting against the market, the likelihood of liquidation increases and, possibly, the prices of assets...

Robert F. Kennedy Jr. is hoping to become next year’s democratic presidential nominee and thus beat out the present holder of that title Joe Biden. Robert Kennedy Loves Bitcoin At the Miami Bitcoin Conference last May, Kennedy assured the crowd that he wasn’t an investor in bitcoin, though he touted all its benefits and the great technology behind it. He stated to attendees: I am not an investor, and I am not here to give investment advice. However, a little...