Markets

Ark Investment Management founder and CEO Cathie Wood – a longtime bitcoin bull – has thrown herself into the Coinbase mess involving the Securities and Exchange Commission (SEC) and is defending the exchange. She also believes bitcoin could jump into $600K territory within the next seven years. Cathie Wood on Where Bitcoin Will Go Wood mentioned she thinks the SEC is going about the situation all wrong. All the agency wants to do is persecute when the rules are...

Merely hours after the Securities and Exchange Commission (SEC) filed lawsuits against both Binance and Coinbase – two of the biggest and most popular digital currency trading platforms in the world – the agency’s head Gary Gensler made comments that the entire crypto industry is “built on non-compliance” and that the U.S. doesn’t “need more digital currency.” The SEC Is Mixed Up With that latter comment, it truly becomes clear what Gensler is all about… Getting...

The cryptocurrency market has been bleeding out slowly throughout the past 24 hours, losing some $9 billion in the process. This comes on the back of losses from altcoins, which have been charting slight declines across the board. Meanwhile, Bitcoin’s price keeps stagnating at the same place it was yesterday. Bitcoin Fights For $30K The Bitcoin price has failed to overcome the $30K level. What is more – it appears that the bears are attempting to take control of the action...

Signs of recovery during the later stages of Q1 dampened as trading volumes failed to continue the upward trend in Q2. While centralized crypto exchanges were the biggest losers due to the mounting pressure from regulators, the resultant choppy market conditions didn’t spare the decentralized counterparts either. The latest data compiled by CoinGecko revealed that the spot trading volume on decentralized exchanges plummeted by over 28%. Uniswap, however, maintained its...

Cathie Wood’s ARK Invest revealed some interesting details on its portfolio in the second quarter of 2023. The latest report suggested that Grayscale Bitcoin Trust (GBTC) stood out as one of the top-performing assets within the investment firm’s portfolio. However, when it comes to asset allocation, GBTC trailed behind Coinbase at ARKW. GBTC Tops Chart Grayscale Bitcoin Trust (GBTC) played a crucial role as one of the top five contributors driving ARKW’s impressive growth of...

Just yesterday, it was announced that popular digital currency trading platform Coinbase was being sued by the SEC. The news came as a shock to many, and it’s clearly another step in the agency’s agenda to rid the country of crypto for good. Coinbase Gets Its Way Against the SEC The good news is that Coinbase doesn’t appear to be taking the abuse sitting down, and it recently got a legal win in its corner. Not long ago, the exchange made headlines when it filed...

The Securities and Exchange Commission (SEC) is a bully. This is what we’ve been saying for some time. It’s bullying crypto firms into submission whenever it can. It runs after them with an air of persecution and is working hard to ensure they don’t have a financial future in America. The SEC Is Suing So Many Companies However, upon news that the agency is going after big names like Binance and Coinbase, it’s likely the problem travels much deeper. It’s easy to...

The past 24 hours in the cryptocurrency markets saw the total capitalization increase by some $6 billion. In other words, not much happened. Some of the major coins are charting ever-so-slight gains, but in general, the trend remains largely rangebound. Bitcoin remains indecisive at $30K and unable to escape that range, but let’s see how it all fared. BTC Price Flat at $30K As you can clearly see in the chart below, the past 24 hours didn’t provide anything of substance when...

The past seven days have mostly been centered around Bitcoin and the aftermath of the ruling in the case between Ripple and the United States Securities and Exchange Commission. That said, the total market capitalization declined by some $11 billion throughout the same period, as investors are wary of future uncertainty. Bitcoin’s price has largely remained around the $30K area – a pivotal level that’s consisted of significant technical but also psychological resistance. BTC...

The Securities and Exchange Commission (SEC) is now going after popular North American crypto exchange Coinbase in a court of law. As if attacking Binance (as we reported earlier) wasn’t enough, the financial agency is looking to add another large firm to its victims list. The SEC Sues Coinbase Allegations against Coinbase suggest that the firm operated an illegal and unregistered exchange for the past several years (the company has been around since 2012). The...