Tag Archives: United States

As nations are dabbling with establishing legislative frameworks on the cryptocurrency industry, several giants have formed a coalition to lobby policy makers and conduct researches to ensure the proper implementation of such rules.  According to a Wall Street Journal coverage from today, the prominent names to participate in the new initiative are the mutual fund behemoth Fidelity Investments, the financial service provider Square, the crypto-focused investment company...

This week was undoubtedly bullish for the entire cryptocurrency market, which came inches away from $2 trillion. This happened as Bitcoin looks to reclaim $60K, Ethereum surged above $2,000, and BNB saw a brand new all-time high. In retrospect, it was up only for the entire market during the last seven days. Bitcoin started trading at around $54K and progressed slowly but steadily through the week. On Monday, the price skyrocketed to above $58K before another leg up Tuesday,...

This week was tough across the board as both cryptocurrencies and legacy markets took a beating. Bitcoin was rejected at $60K and dropped all the way down to $50K, but, fortunately, it found support and is now attempting a recovery.The cryptocurrency started the week trading at around $59K and took a shot at the coveted $60,000 mark but failed. It was all downhill from there as BTC retraced all the way down to $50,000 before finding serious support and bouncing back to where it’s currently...

BNY Mellon and Silicon Valley bank have injected capital amounting to $133 million in Fireblocks’ Series C funding. Fireblocks aims to expand operations and transform the financial world through the new funding.Targets Transformation Of Digital World With New FundingDigital asset custodian, Fireblocks has raised $133 million in a Series C funding. The round was led by tech-focused investment manager, Coatue, Ribbit Capital, and Stripes. According to Fireblocks’ blog post, BNY Mellon and...

This was an important week in Bitcoin’s history. For the first time ever, the price reached an all-time high above $60,000. Regardless, it was an intense few days in terms of price action, and many altcoins also experienced serious volatility.It all started last weekend. On Saturday, the price started trending upwards and managed to breach $60K for the first time in history. In fact, it went as high as $61,800 and actually managed to hold above the important level throughout the entire...

The Securities and Exchange Commission has put VanEck’s ETF ( Exchanged-traded fund) proposal for discussion. The institution now has a 45-day window to approve, deny, or even extend the review process to at least 240 daysVanEck’s proposal was published on the SEC’s official website. Several companies and investment firms have been trying since 2017 to launch a Bitcoin ETF, filing numerous proposals over time. All of them were rejected by the regulatory body, citing “market manipulation” and...

The General Service Administration, a part of the US government, has successfully auctioned off 0.7501 bitcoins. Although the portion of sold BTC is not that impressive, what’s intriguing about this purchase is that the buyer paid a substantial 21% premium due to the high number of bidders.US Government Sells Bitcoin With a PremiumThe GSA is a government agency that typically auctions surplus vehicles or office supplies. However, it has decided to expand its portfolio by enabling citizens to...

The Texas securities regulator has issued an emergency cease and desist order against a fraudulent cryptocurrency investment platform. Interestingly, the project’s latest initiatives included impersonating the world’s leading crypto exchange – Binance.Crypto Scam Impersonating Binance Halted in TexasAccording to the statement, Securities Commissioner Travis J. Iles issued the cease-and-desist order against the alleged scam that he described as an “illegal so-called get-rich-quick scheme...

Retail investors have finally arrived at the bitcoin scene and have outbought institutions, claimed analysts from the giant multinational investment bank – JPMorgan Chase & Co. By analyzing data on popular retail-oriented brokerages, such as Square and PayPal, they concluded that smaller investors had bought nearly 190,000 bitcoins so far in this quarter.Retail Has ArrivedThe cryptocurrency community speculated for months if or when retail investors would come for BTC. After all, the...

On this day, exactly one year ago, Bitcoin saw one of its worst trading sessions in history. The cryptocurrency lost around 50% of its value and tapped a low at around $3,800. That’s also true for every altcoin, as well as for the traditional financial markets.Nevertheless, it’s safe to say that the cryptocurrency market has come a long way since then. In fact, this was the absolute bottom in the cycle, and it has been up only ever since. Now, 365 days later, Bitcoin’s price is trading at...