Markets

Bitcoin’s price performance continues to be quite underwhelming, but the asset managed to sustain above $29,000 at least. The altcoins are also slightly in the green, with gains of up to 2% from the likes of DOGE and SOL. SHIB has jumped the most from the top 20. BTC Stalls Above $29K It’s safe to say that there have been more exciting times in the crypto ecosystem when it comes down to price performances. Bitcoin started the week with a nosedive that drove it from over...

Grayscale wrote a letter to the U.S. Securities and Exchange Commission (SEC) on Thursday calling for the agency to simultaneously approve any qualifying Bitcoin spot ETF applications, so as to not “pick winners and losers.” However, the firm also argued that Coinbase shouldn’t qualify as a surveillance partner to launch such a product, under the SEC’s pre-established rules. Why Coinbase Isn’t Good Enough Per the comment letter, the SEC has already questioned the pricing data...

Crypto investor and Galaxy Digital CEO Mike Novogratz told followers on Wednesday to “Buy BTC” in response to the United States government’s rapidly growing interest expense on its sovereign debt. To some analysts, the trend suggests that the Federal Reserve will be forced to lower its benchmark interest rate again if the Federal government can no longer keep up. The US Debt Problem According to market analyst Joe Consorti, the U.S. government is now paying $970 billion per...

Like most investors (and everyday Americans), billionaire Mark Cuban is not happy with the Securities and Exchange Commission (SEC). In fact, he’s downright angry with the institution and says it’s abusing its power. Mark Cuban Targets the SEC in Twitter Slam In a recent interview, the owner of the Dallas Mavericks basketball team criticized the agency’s decision to go after Coinbase, the biggest and most popular crypto exchange in the U.S. He says the SEC is...

Although most prices in the cryptocurrency market have shown high levels of stagnation in the past week, there were still several notable developments on different fronts. Starting with US regulations, this week saw discussions for a few separate bills, including the Financial Innovation and Technology for the 21st Century Act, which Democrats claimed still “reeks” of Sam Bankman-Fried – the disgraced former FTX exec who was among the chief supporters. On the other hand,...

CoinspeakerCrypto.com Receives Green Light from Dutch Central Bank to Offer Crypto Services Crypto.com's entrance to the Dutch market comes a few weeks after Binance exited the country due to regulatory hurdles.   Crypto.com Receives Green Light from Dutch Central Bank to Offer Crypto Services

CoinspeakerSequoia Capital Navigates Market Challenges with Reduction of Cryptocurrency and Ecosystem Funds A noteworthy aspect of Sequoia Capital's approach is the strategic shift towards supporting younger startups, diverting attention from larger companies. Sequoia Capital Navigates Market Challenges with Reduction of Cryptocurrency and Ecosystem Funds

CoinspeakerUAE’s Crypto Mining Giant Phoenix Technology Considers Floating IPO in Abu Dhabi The prospective Phoenix Technology IPO is expected sometime this year in Abu Dhabi. However, there are no further details on size and price. UAE’s Crypto Mining Giant Phoenix Technology Considers Floating IPO in Abu Dhabi

Sequoia Capital, an investment firm long revered for its direct involvement with Silicon Valley’s intricate web of venture capitalists and tech sector visionaries, has decided to reduce its exposure to cryptocurrencies, according to a confidential source. A Reflection of The Market In a message to investors, Sequoia Capital announced its decision to reduce its cryptocurrency fund from $585 million to about $200 million, as reported by the Wall Street Journal. According to...

CoinspeakerEco Launches Cash-Like Crypto Wallet Beam Backed by a16z and Coinbase The Beam wallet has been designed atop Ethereum Layer-2 blockchains such as Coinbase's Base and Optimism for facilitating faster crypto transactions at low cost. Eco Launches Cash-Like Crypto Wallet Beam Backed by a16z and Coinbase