Tag Archives: BTC

Celsius also advised customers to make use of its mobile app for the withdrawal, stating the app would only be available for a limited time. Bankrupt crypto lender Celsius Network has announced that some clients with custody assets can now make withdrawals from the platform. Celsius which previously stopped withdrawals on its platform declared Chapter 11 bankruptcy in July 2022. Since then, many customers lost access to their assets. According to a court document, roughly 58,300 users hold...

As a Democratic-affiliated SEC Commissioner, Gary Gensler has shifted his regulatory role to a politician seeking to be appointed as Treasury Secretary according to some Congressmen. The nomination of the 33rd Chair of the United States Securities and Exchange Commission (SEC), Gary Gensler on April 17, 2021, was viewed as a huge relief in the crypto space. Nearly three years later, the former Goldman Sachs Investment banker has turned against the crypto in what seems like pleasing the...

Coinbase CEO Brian Armstrong voiced frustration over the charges. He mentioned how his company has provided a lot of clarity to the SEC but the commission on the other hand is not making matters easier. Despite over 30 meetings with the SEC in the past 18 months aimed at gaining regulatory clarity, cryptocurrency exchange Coinbase was hit with charges in June for operating an unregistered securities exchange. This came after the company received a Wells Notice for potentially breaking...

Novogratz is not the only expert who expects Bitcoin price to skyrocket soon. One of the main reasons is that long-term holders are not selling off their positions According to Michael Novogratz, founder of digital asset management company Galaxy Digital, things may soon change for other stores of value like gold and Bitcoin (BTC) as the United States Federal Reserve changes course. In a Bloomberg interview, Novogratz shared optimism for these assets based on expectations that the Fed will...

The new partnership with Taurus suggests that Banco Santander anticipates a greater role for crypto in traditional finance. Spanish banking giant Banco Santander is partnering with cryptocurrency asset management platform Taurus to offer its customers custodial services for their digital assets. Banco Santander recently emerged as the only Spanish bank to appear on the 2023 list of financial institutions of global systemic importance. The list comprised 29 names classified by the Financial...

Aside from his involvement with OCEAN, Dorsey has supported many other blockchain projects with strong potential to benefit the crypto space. Wyoming-based software development company Mummolin has raised $6.2 million in an investment round led by Jack Dorsey, an American internet entrepreneur and billionaire CEO of the financial services company Block, for the launch of its decentralized Bitcoin (BTC) mining pool, OCEAN. In a press release published on November 28, the company said it had...

The revised proposal allows the ETF to utilize both in-kind and cash mechanisms. The ETF plans to store Bitcoin in cold storage, with custody services provided by Coinbase Custody Trust. Franklin Templeton has submitted an updated S-1 filing to the Securities and Exchange Commission (SEC), seeking approval for the launch of a Bitcoin exchange-traded fund (ETF). This move comes shortly after the SEC decided to postpone the consideration of the previous proposal. The Franklin Bitcoin ETF...

Bitcoin price started a strong increase above the $37,500 zone against the US Dollar. The price is now trading above $37,000 and the 55 simple moving average (4 hours). There is a major bullish trend line forming with support near $36,700 on the 4-hour chart of the BTC/USD pair (data feed from Coinbase). The pair could continue to rise if it stays above the $36,500 support zone. Bitcoin price is showing positive signs above $37,000 against the US Dollar. BTC might...

Dan Tapiero also shared insights into his bullish Bitcoin price prediction emphasizing on the cryptocurrency’s role as a monetary network and immutable, distributed ledger. Bitcoin has been flirting around $37,000 levels for a while and has left investors confused over what could be its next direction. Long-term investors continue to stay bullish over its future. Some believe that there’s no better time than today to be bullish about BTC since the first spot Bitcoin ETF shall be coming to...

In the article, Hayes presented a unique perspective on centralization, branding himself, and even Changpeng ‘CZ’ Zhao, the former CEO of Binance, as sinners in the eyes of “Lord Satoshi”. In his recent article, “Panda Power”, Arthur Hayes, a prominent crypto expert and BitMEX co-founder provided a unique perspective on China’s impact on Bitcoin (BTC) mining and the broader global crypto ecosystem. US-China Relations and the Crypto Market Hayes explores the recent developments in US-China...