Crypto news

The BITX being a 2x leveraged ETF can help investors to increase their profit two times faster than they would do without the leverage. The first leveraged Bitcoin futures exchange-traded fund (ETF) has received approval from the US Securities and Exchange Commission (SEC). The ETF, the Volatility Shares 2x Bitcoin Strategy (BITX), will be launched on the Chicago Board Options Exchange (CBOE) BZX Exchange on Tuesday, June 27th. ETFs can be traded on exchanges like stocks, and their...

After an extended period of consolidation, Bitcoin’s price has successfully surpassed the critical $30K resistance level. However, it is important to exercise caution within the market, particularly in the short term. Technical Analysis By: Edris The Daily Chart On the daily timeframe, Bitcoin’s price has experienced a rapid upward movement in the past week, following a strong bounce from the $25K support level. The resistance at $30K has been exceeded, and the price is...

Mitsubishi UFJ Financial Group (MUFG) – the largest finance institution in Japan – is reportedly considering issuing global stablecoins via its blockchain platform.  The bank has previously revealed plans to introduce such tokens tied to the value of the Japanese yen.  MUFG’s New Crypto Idea As reported by Bloomberg, the entity is in talks with industry leaders and other companies on minting stablecoins pegged to foreign currencies, such as the US dollar. To do so, it intends...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up The price of bitcoin fell somewhat in mid-May, causing a bit of a scare amongst digital currency investors. However, analysts are telling them not to worry so much given the world’s number one digital asset by market cap is still about 65 percent higher than where it was at the end of last year. Bitcoin… It’s...

The United States Commodity Futures Trading Commission (CFTC) has charged William Koo Ichioka for defrauding investors of tens of millions of dollars by claiming to be a digital asset and foreign exchange (forex) trader. According to an official statement, the CFTC filed a complaint against Ichioka in the U.S. District Court for the Northern District of California, accusing him of mishandling over $21 million of investor assets and using new customer funds to create the...

The past 24 hours saw Bitcoin’s price attempt a shot at $31K and maintain its dominance over the rest of the market. It’s worth noting that some altcoins performed incredibly well, charting gains close to 30%. Let’s dive in. Bitcoin Price Taps $31K As CryptoPotato reported yesterday, Bitcoin’s price soared to $31K, sparking a wave of liquidations totaling upward of $100 million. Source: TradingViewIt’s worth noting that Bitcoin’s dominance – the metric which tracks its share...

With the U.S. Securities and Exchange Commission (SEC) launching a full offensive against crypto this year, an ongoing lawsuit against one of the agency’s first industry targets – Ripple – remains as prevalent as ever. Given recent developments, many parties close to the case believe the court’s ruling may be imminent. How might the result of the Ripple v. SEC lawsuit affect the crypto market and regulatory landscape as a whole? Let’s dive in. Recap: Ripple v. SEC In December...

The world’s largest cryptocurrency exchange – Binance – has reportedly recruited M. Kendall Day – a former prosecutor at the US Department of Justice. His main duty will be to represent the firm in the legal battle against the United States Securities and Exchange Commission (SEC). The agency waged war on Binance earlier this month, accusing it of violating several rules. According to one of the allegations, the exchange offered services with unregistered securities, such as...

Bitcoin (BTC) blasted back above $31,000 on Friday, resuming a week of bullish gains following BlackRock’s Bitcoin spot ETF application last week. The asset, which touched a high of $31,400 at 16:13 UTC, now trades for $31,117. The milestone puts Bitcoin’s total market cap back above $600 billion, and its market dominance above 51.86%. Data from Coinglass shows that over $108 million in crypto market liquidations have occurred in the past 24 hours, affecting close to 36,000...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up A Montenegro court has accepted a bail payment on behalf of Do Kwon, the disgraced crypto executive behind fallen digital currency firm Terraform Labs. The company established the crumbled algorithmic stable currency known as Terra USD. Do Kwon is Out on Bail At the time of writing, Kwon – along with another...