SEC has regarded Ethereum as security for at least a year: report
SEC began investigtions into Ethereum as a security in March 2023. The regulator sent subpoenas and a Wells Notice to Consensys, a Ethereum development firm. The US Securities and Exchange Commission (SEC) has reportedly viewed Ethereum as an unregistered security…
Wasabi Wallet developer bars U.S. users amidst regulatory concerns
zkSNACKs restricts Wasabi Wallet access for U.S. citizens and residents. Decision follows arrests of Samourai Wallet and Tornado Cash founders. Move aims to mitigate legal risks amidst regulatory scrutiny. In response to recent legal actions and regulatory scrutiny, zkSNACKs, the…
Spot Bitcoin ETFs See Third Straight Week Of Outflows, Australia Considers Approval
Spot Bitcoin ETFs have recorded their third consecutive week of net outflows, totaling $435 million. The trend coincides with Australian regulators possibly approving spot Bitcoin ETFs. What Happened: According to a Coinshares report, Grayscale accounted for the majority of the…
Ether Posts Weekly Gain Against Bitcoin Amid Drop in BTC Market Dominance
Ether’s (CRYPTO: ETH) recent performance has seen the cryptocurrency outstrip bitcoin in terms of gains for two consecutive weeks — despite the latter’s halving event. There was a 7.5% increase in the ETH/BTC trading pair during that timeframe, as noted…
If Bitcoin Breaks Above $73K, This Is The Price Target: 10x Research
A Bitcoin (CRYPTO: BTC) breakout above all-time highs may prompt a decisive push beyond the $80,000 mark, according to latest analysis from 10x Research. What Happened: Basing its latest newsletter on the investment philosophy of George Soros, 10x Research draws…
‘Took Guts To Own Bitcoin:’ SkyBridge’s Anthony Scaramucci Says It Would Need ‘Brains’ To Reap BTC Rally
Anthony Scaramucci, the founder of SkyBridge Capital, recently expressed his views on Bitcoin (CRYPTO: BTC), suggesting that owning the cryptocurrency now requires more intellect than courage. What Happened: On Wednesday, Scaramucci posted on X, formerly Twitter, “It took guts to…
The 3rd-Largest Bitcoin (BTC) Wallet Bought 1,400 More BTC Last Month
The Bitcoin market is notoriously concentrated among the top holders. The largest wallets hold a huge portion of the supply. And with the increase in institutional adoption, information about some of these top holders is becoming more accessible. Firms such…
Bitcoin payments app Strike is now available in Europe
Strike, a payments app focused on the Bitcoin blockchain, is now available in Europe. The platform recently expanded to Africa and its app is also accessible in Latin America. Strike raised $80 million in 2022 as it sought to expand…
Bitcoin’s Issuance Rate Drops Below Gold’s After Recent Halving: Glassnode
Bitcoin’s (CRYPTO: BTC) fourth halving event may have resulted in the digital asset decisively surpassing gold in terms of issuance scarcity, according to Glassnode analysts. “The fourth halving marks a significant milestone in the comparison of bitcoin to Gold, as…
Bitcoin ETF Outflows Continue For Second Straight Week
A new report reveals a decline in investor appetite for digital asset investment products, with outflows totaling $206 million for the second consecutive week. What Happened: This trend coincides with a decrease in trading volumes for Exchange Traded Products (ETPs)…