Markets

Grayscale Investments, a prominent cryptocurrency asset manager, is making significant strides in its quest to convert its Grayscale Bitcoin Trust (GBTC) into a spot bitcoin exchange-traded fund (ETF). The company recently held a crucial meeting with the Securities and Exchange Commission (SEC) to discuss potential listing matters related to the shares of the product. Grayscale Meets with SEC to Discuss Listing Matters According to a memo published by the SEC, Grayscale...

Richard Teng, the new CEO of the world’s largest cryptocurrency exchange, Binance, is no stranger to the world of finance. His ascent into the new position substantiates rumors that made the rounds earlier this year about him being the right fit for the job amid Binance’s regulatory woes. According to a company blog post, Teng joined the exchange in August 2021 as the CEO of Binance Singapore, with over three decades of experience in finance and the regulatory space. Facts...

Technical Analysis By GreatestTrader Ethereum’s recent forceful upswing encountered resistance upon reaching a critical price region, encompassing the $2K threshold and the upper boundary of an ascending wedge. This resulted in a phase of consolidation correction, retracing towards the 100 and 200-day Moving Averages (MAs). A comprehensive analysis of the daily chart exposes a notable presence of supply in the crucial $2K region, coinciding with the upper boundary of the...

Technical Analysis By TradingRage Ripple’s price has been trending down over the past couple of weeks as it failed to sustain its bullish momentum. At the moment, the market is in a critical area against both the USDT and BTC. The USDT Paired Chart On the USDT paired chart, the price has been on the decline recently and is currently testing the $0.6 support level. In case this level breaks down, the 200-day moving average located around the $0.55 mark would be the next...

In investing, staying ahead of market trends and making strategic decisions is paramount for those seeking massive returns. That said, some are weighing in on the potential benefits of joining the Bitcoin Spark (BTCS) Initial Coin Offering (ICO) and holding major altcoins until the upcoming halving. A Closer Look at Holding Altcoins Selecting the best cryptos to invest in requires a discerning approach and consideration of several key characteristics. The best cryptos offer a...

The volume of Bitcoin supply in profit has reached the levels last seen two years ago as the market came off its November 2021 all-time high, according to Glassnode. In its ‘Week on Chain’ report released this week, the analytics provider added that the magnitude of unrealized profit held within these coins remains modest. The percentage of Bitcoin’s circulating supply currently held in profit reached 83.6% or 16.36 million BTC during last week’s rally. Moreover, this is...

With this acquisition, CoinGecko plans to integrate Zash’s NFT data into its Application Programming Interface (API) by the second quarter of next year. CoinGecko, a major cryptocurrency data tracking company, has acquired Zash, an on-chain data analytics firm that provides information on non-fungible tokens (NFTs) metadata across various platforms. According to an announcement on November 22, the acquisition aligns with CoinGecko’s vision to become a central hub for cryptocurrency-related...

Along with its collaborative commitment to encouraging creativity and engaging fans, Binance, in partnership with Gasly, offered users and fans the exclusive Pierre Gasly Experience. Binance, the leading global blockchain ecosystem announced the triumphant design for the helmet of BWT Alpine F1 Team driver Pierre Gasly at the upcoming Abu Dhabi Grand Prix on November 26, 2023. The design competition, open to Binance users and F1 enthusiasts worldwide, encouraged participants to showcase...

Legal experts, including Ripple lawyer John E. Deaton, share Armstrong’s optimism, speculating that Coinbase will be a significant beneficiary of Binance’s regulatory challenges. Recent developments have thrust Coinbase Global Inc (NASDAQ: COIN) into the spotlight, positioning it as the frontrunner following regulatory challenges faced by its main rival, Binance. The collapse of FTX had already reshaped the crypto industry, and now, with Binance capitulating to the United States Department...

A high-profile situation that eventually led to CZ leaving his role as CEO of Binance has not distracted traders from their interest in Bitcoin. Crypto traders appear to be unbothered about the industry-shaping events of the last 24 hours. On Tuesday, November 21, reports circulated that both Binance exchange and its chief Changpeng “CZ” Zhao had agreed to a criminal settlement that would see the exchange pay $4.3 billion in fines.  However, such a high-profile situation that eventually...