Markets

CoinspeakerCrypto-focused Companies Report Profit in Q2 2023 amid Crypto Market Rally Though subdued, it was a positive all-round performance for the crypto market in Q2 2023. Crypto-focused Companies Report Profit in Q2 2023 amid Crypto Market Rally

Cameron Winklevoss – one half of the Winklevoss Twins who run the Gemini crypto exchange in New York – is confident bitcoin is about to burst out of its shell and reach a new bullish peak nobody is prepared for. Cameron Winklevoss on the Future of BTC’s Price At the end of June, the price of bitcoin rose beyond $31,000. This is the highest bitcoin’s been all year, and certainly higher than where it was for most of 2022, arguably the most bearish period on record...

Lawyers for Coinbase Global asked a U.S. judge Friday to dismiss a suit by the Securities and Exchange Commission. They brought the arguments to back up their request. Coinbase lawyers ask judge to dismiss SEC lawsuit The SEC lawsuit filed June 6, alleges the crypto exchange is an unregistered securities broker and exchange. In the motion to dismiss the suit, Coinbase says: “The SEC misreads Howey in asserting that a ‘scheme’ without a contractual undertaking will suffice.”...

El Salvador is really gaining traction as a leading bitcoin haven. El Salvador was Smart to Implement Bitcoin Not long ago, professional surfer Kelly Slater commented on social media: The government has really put an emphasis on surfing (and bitcoin). A crypto winter and bear market were both responsible for bitcoin shedding quite a bit of value in 2022, and while we’re not entirely out of the woods yet, El Salvador continues to gain a lot of talent and business...

Bitcoin miners have had a rocky start in 2023 after being battered by a severe market downturn the previous year. But as prices recovered over the last several months, they have been at significant capacity, according to Bernstein. The brokerage firm’s latest report weighs in on how large miners are poised to reap substantial benefits from such a growing trend. Where do Miners Stand Ahead of Bitcoin Halving? The report suggests that the 16 largest publicly listed mining firms...

Bitcoin price has cautiously ratcheted upward since Jan. A rising trend channel from $16,600 to $30,000 almost doubled the spot price of BTC in H1. The price changed in three phases, with blistering rallies that happened in January, March, and June. Here’s what large language model chatbot Google Bard has to say about the best day of the week to buy cryptocurrencies like Bitcoin, Ethereum, and Ripple. Cheapest Day of the Week to Buy Crypto? There’s no telling for sure if...

It’s the weekend, and, let’s be honest – nobody is expecting a lot of action. And while there are some weekends that defy this sentiment… this one is not among them. In fact, the vast majority of the major cryptocurrencies have failed to move, charting incredibly insignificant differences in their price compared to 24 hours ago. Let’s take a look. Bitcoin Getting Squeezed at $29K Bitcoin’s price has been tremendously calm throughout the past week, and it’s been trading around...

[Press Release – London, United Kingdom, August 5th, 2023] Decentralized hedge fund VC Spectra has reported strong demand for its Stage 2 presale. The token sale has drawn considerable interest from early investors and underlined VC Spectra’s potential to redefine the crypto industry. Priding itself on democratizing access to investment opportunities, VC Spectra has carved a distinct niche for itself. The on-chain hedge fund extends the availability of early-stage...

Bitcoin and Ethereum – the world’s largest cryptocurrencies by market cap – rose to new levels in late June following several weeks of traveling through the doldrums, and the moves appear to stem from some new bitcoin-based exchange-traded fund (ETF) applications from two of the largest financial companies around: Wisdom Tree and BlackRock. BlackRock Does Big Things for BTC Both bitcoin and Ethereum weren’t doing so hot throughout the month of June prior to this...

Another day – another failure for Bitcoin to break away from its current range around $29,000. The primary cryptocurrency’s volatility has fallen to historic lows and the rest of the market doesn’t seem too exciting either. But there’s one barking exception. Bitcoin Stagnates at $29K They say there’s never a dull moment in crypto, but if you’re mostly following the performance of large-cap coins throughout the past week, you can probably see that this can be a bit of an...