Tag Archives: Bitcoin News

In late July, the price of bitcoin endured a harsh dip after news came about that the Federal Reserve was on the verge of making another big (and tough) financial decision likely to affect Americans. Why Can’t the Federal Reserve Chill Out? For the most part, bitcoin had been trading above $30,000 in July, though things took a nasty turn following the announcement and the world’s number one digital currency by market cap slipped into the $29K range. Right now, it...

A dark web drug bust that utilized bitcoin and crypto has been taken down in Detroit, Michigan. The organization was run by Carolyn Hernandez-Taylor and her brother, and the former has already pleaded guilty to the charges against her. Carolyn Hernandez-Taylor Takes a Plea Deal FBI agents raided the home of her brother, where most of the duo’s activities took place. There, they found a clandestine drug lab and thousands of counterfeit Xanax pills. They also...

A recent roundtable at Bitcoin Miami 2023 questioned if bitcoin is as slow and as inefficient as many analysts claim it is. Panelists also found themselves wondering what the role of crypto company Strike was when it came to the future of BTC. Bitcoin is Stronger Than Most of Us Think Bitcoin has often been dubbed an “outdated” token. While it was the initial form of crypto and gave birth to the digital finance arena, there are many assets that have emerged since...

Could the new bitcoin-based exchange-traded fund (ETF) application submitted by BlackRock really be a gamechanger for the crypto arena? According to some analysts, the answer is a resounding “yes.” The BlackRock ETF Could Really Change Things ETFs are nothing new. In fact, travel around the world and you’ll see many countries have permitted them, even the United States. The problem is that they are all based on other commodities such as oil, copper, etc. Very...

Pro Shares was the U.S.’s first official bitcoin-based exchange-traded fund (ETF), though it’s taken a lot of flak over the past two years given it’s centered on futures rather than spot trading. Pro Shares: Is It Everything It Claims to Be? In recent weeks, the company has also taken guff given analysts believe the trading of the derivatives available through the ETF will lead to tracking errors, but Pro Shares doesn’t think this is accurate. Known as the Pro...

Bitcoin continues to show weakness as the BTC price can move towards $24,000-25,000 as it goes to test the 200-week EMA once again.  On Thursday, August 31, the world’s largest cryptocurrency Bitcoin plummeted by more than 4.5% with its price slipping under $26,000, losing all the early week gains after the Grayscale court ruling. The selling pressure on BTC and its price comes as the US Securities and Exchange Commission (SEC) announced its decision to delay the approval of seven spot...

With the Bitwise ETF application gone, the crypto community is now awaiting the SEC’s decision on the remaining applications by WisdomTree, Invesco Galaxy, Valkyrie, VanEck, and Fidelity. In a surprising move, Bitwise, an asset management company based in San Francisco, has decided to withdraw its application for the Bitcoin (BTC) and Ethereum (ETH) Market Cap Weight Strategy Exchange-traded fund (ETF) filed with the United States Securities and Exchange Commission (SEC) last month. The...

The Securities and Exchange Commission (SEC) has announced that it has taken on six more bitcoin-based exchange-traded fund (ETF) applications for review. It appears the hype and hoopla surrounding the present BlackRock application has got everyone in a big, powerful huff, and they want to take part in the action. The SEC Accepts Six More BTC ETF Applications for Review The move is relatively contradictory to the comments made by a string of analysts, recently....

Robert F. Kennedy Jr. – a democrat hopeful who’s thrown his hat into the 2024 presidential ring and who’s hoping to take the nomination from Joe Biden – has stated he wants to get rid of crypto capital gains taxes should he win the White House next November. Robert Kennedy Providing More Support for Crypto Kennedy has come out many times over the past several months and shared his ongoing thoughts regarding crypto, which he seems to greatly respect, but there is...

Bitcoin price started a recovery wave above the $26,500 resistance against the US Dollar. The price is now trading above $26,800 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $28,000 on the 4-hour chart of the BTC/USD pair (data feed from Coinbase). The pair could rise further if it clears the $28,000 resistance zone. Bitcoin price is recovering above $26,500 against the US Dollar. BTC might extend its...