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How Much Money Does it Take to ‘Moon’ Bitcoin? Analysis

The resurgence of institutional interest in Bitcoin this month has investors and analysts pondering just how high its price could go within the next two years – especially with the ‘halving’ just around the corner. Here’s what analysts have to say regarding Bitcoin’s price cycles and what kind of money it would take to send it to the moon. Institutional Involvement Throughout June, a number of high net-worth asset managers, including BlackRock and Fidelity, filed applications...

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Last May, as Bitcoin Fell, Smaller Altcoins Jumped Dramatically

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Something strange happened towards the latter half of May this year. While bitcoin and Ethereum – two of the largest and most mainstream digital currencies – were taking price dips, altcoins – like XRP (Ripple) and Litecoin – were exploding. Altcoins Rose Last May While BTC Suffered During that time, Litecoin...

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OKX Named Official Sleeve Partner of Manchester City in Expansion of Partnership

[PRESS RELEASE – Manchester, UK, June 30th, 2023] Manchester City and OKX, one of the leading crypto exchanges by trading volume and a leading Web3 technology company, today announced OKX as the Club’s Official Sleeve Partner in a new multi-year agreement. As part of the expanded deal, the OKX brand will feature on the left sleeve of both the men’s and women’s first-team playing kits and will retain its position on the left sleeve of the first-team training kits, in addition...

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Kevin O’Leary: The U.S. Needs to Change Its Attitude on Crypto Regulation

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Kevin O’Leary of “Shark Tank” fame is worried about how the U.S. government is dealing with crypto regulation. He says the federal government is less concerned about policy and more concerned with taking fast action, and this is coming back to hurt innovation. Kevin O’Leary: All the U.S. Needs is Policy Right...

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Bitcoin Dumps Below $30K as SEC Warns That Recent BTC Spot ETF Filings Are ‘Inadequate’ (WSJ)

The US Securities and Exchange Commission has reportedly issued a warning that the recent Bitcoin Spot ETF filings by financial giants, such as Fidelity and BlackRock, could lack comprehensive details. The agency has a long history of rejecting such products in the States, and its current war on crypto is likely not helping. BlackRock made the headlines a few weeks ago when it filed to launch a Bitcoin Spot ETF in the States, which, if approved, would be the first such...

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Flare Inks Partnership with aiPX to Debut New Perpetual Exchange

In addition to its focus on risk management and liquidity solutions, aiPX, the perpetual DEX built on Flare blockchain, offers a range of features designed to enhance the trading experience for users. In an exciting development within the blockchain space, Flare, a data-centric Layer 1 blockchain, has announced a partnership with aiPX to launch a decentralized non-custodial perpetual exchange on the Flare network. According to a press release shared with Coinspeaker, Flare’s native network...

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Alibaba Group’s Freshippo Expands Brick and Mortar Presence in China Ahead of Its IPO

Freshippo’s expansion comes three months after its parent company Alibaba revealed its restructuring plans. Freshippo, Alibaba Group’s retail grocery subsidiary, has opened 12 new stores across Mainland China. The stores are strategically located in key cities such as Beijing, Shanghai, and Guangzhou, aiming to cater to the growing demand for high-quality products and exceptional service in the highly competitive grocery market. According to an official press release on June 30, seven of...

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Litecoin’s Hash Rate Hits ATH as Halving Countdown Narrows and LTC Nears $100

Litecoin’s upcoming halving is less than five weeks away, which is expected to happen on August 2, 2023, at block 2,520,000. Leading up to the much-anticipated fact, the network hash rate has already reached a historic high, thereby serving as a positive catalyst for the Litecoin miners As a result of this increased confidence, LTC was up by more than 15% over the past week, climbing near the crucial $100 mark. According to the data compiled by Bitinfohcharts, Litecoin’s hash...

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SEC vs Coinbase Case Slated for July 13

In the Coinbase defense that triggered a new hearing date in July, the exchange noted that many of the tokens SEC highlighted in its allegations are outside the Commission’s purview. The long-awaited legal battle between crypto exchange Coinbase (NASDAQ: COIN) and the US Securities and Exchange Commission (SEC) has been scheduled to hold on the 13th of July. Coinbase is just one of the crypto companies under the radar of the US financial watchdog. The Commission alleges that the exchange...

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South Korea Passes First Independent Crypto Bill to Strengthen Investor Protection

As per the VAUP legislation, the Financial Services Commission (FSC) will get the authority to oversee crypto operators as well as crypto custodians. South Korea has now implemented the first independent bill for digital assets in order to boost investor protection in the region. The development comes one year after the country’s biggest implosion of the Terra ecosystem last year which triggered the $2 trillion crypto market rout. On Friday, the South Korean parliament passed the Virtual...

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