Commodity strategist predicts Bitcoin ETF could get the nod in US next month
A Bitcoin ETF could be approved by U.S. regulators by October. according to Bloomberg Intelligence Commodity Strategist Mike McGlone. Bloomberg Intelligence Commodity Strategist Mike McGlone believes it is only a matter of time before the U.S. Securities and Exchange Commission (SEC) approves the country’s first Bitcoin exchange-traded fund (ETF). InContinue Reading
Evergrande crisis: Buy the dip or bail? Pundits weigh in
Marty Bent, the co-founder of Bitcoin mining firm Great American Mining, is glad to be hodling Bitcoin as uncertainty hangs over the legacy financial system As the prospect of Chinese property giant Evergrande defaulting on $305 billion worth of debt looms, pundits are weighing in on how the firm’s bankruptcyContinue Reading
Bitcoin mining estimated to represent 0.9% of global carbon emissions in 2030
New York Digital Investment Group estimates that Bitcoin mining will not represent more than 0.4% of global electricity consumption over the next decade. A new study from the New York Digital Investment Group (NYDIG) has projected that Bitcoin’s energy consumption will remain below 0.5% of the global total over theContinue Reading
Bitcoin (BTC) Price Prediction: BTC/USD Loses $42k Support as It Risks Further Downsides
Bitcoin Hovers above Breakout Level as It Risks Further Downsides BTC/USD – Daily Chart Buy Bitcoin Now Following the September 7 breakdown, BTC price plunged to $43,220 low as bulls bought the dips. Buyers failed to sustain the bullish momentum above $48,800 high. The bears have struck again as BTCContinue Reading
‘Extreme fear’ as Bitcoin falls below $40K … and then bounces
While many analysts believe Bitcoin is destined for six-figures if support at $40,000 can hold up, others are predicting an imminent bear cycle. The price of Bitcoin has slumped below $40,000 for the first time in six weeks. The slide took place near the close of the day on Sept.Continue Reading
Key Bitcoin options ‘fear’ indicator reflects traders’ regulatory concerns
On Tuesday, SEC Chair Gary Gensler re-confirmed his plan to crack down on cryptocurrencies, and traders’ regulatory concerns are confirmed by this key Bitcoin futures and options indicator. After 46 consecutive days of trading above $42,000, Bitcoin (BTC) price started to show weakness on Sept. 21. Over the last threeContinue Reading
CFTC commissioner: agency doesn’t have enforcement resources without Congress
“We’re not necessarily looking for more authority without more resources,” said Dan Berkovitz in regards to crypto markets. Dan Berkovitz, one of three commissioners currently serving at the U.S. Commodity Futures Trading Commission, said while the agency is suited to futures contracts, swaps, and options trading, it would need additionalContinue Reading
Bitcoin in ‘good shape’ as long as BTC price stays above $40K — Mike Novogratz
The veteran Bitcoin bull says he’s not “nervous” about crypto on the back of the institutional investor demand he has witnessed. Bitcoin (BTC) won’t be making Galaxy Digital CEO Mike Novogratz “nervous” unless it dips below $40,000. In an interview with CNBC on Sept. 21, the infamously bullish investor calmedContinue Reading
Data shows parabolic-style growth in layer-two-based DeFi and DEX platforms
Layer-two-based DeFi and DEX platforms have seen an incredible surge in user activity, revenue and total value locked since the launch of Arbitrum and Avalanche’s cross-chain bridge. In the increasingly competitive landscape of blockchain technology and cryptocurrencies, protocol innovation and the ability to solve the biggest problems facing the cryptoContinue Reading
Bitcoin Adoption Grows After Acceptance by Major Real Estate Firms
Magnum Real Estate Group has approved the use of cryptocurrencies for payments. The group has announced that it will accept Bitcoin as a payment method for three shops in Manhattan worth around $30 million. This announcement comes as Bitcoin gains increased adoption for real estate firms, following a boom ofContinue Reading
Bitcoin Price Prediction: BTC/USD Plunges After Losing $47,000 Support
Bitcoin Price Prediction – September 20 The daily chart reveals that the Bitcoin price prediction heads lower as the coin touches the low of $43,250. BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $50,000, $52,000, $54,000 Support Levels: $40,000, $38,000, $36,000 BTCUSD – Daily Chart Buy Bitcoin NowContinue Reading
This Crowdsourced Project Attempts to Reveal American Politicians That Own Bitcoin
On September 19, 2021, the software developer and cofounder of Casa, Jameson Lopp, announced a new project called bitcoinpoliticians.org which sifts through Congressional financial disclosures and records them into a database. Lopp says the aim is to create “more transparency around bitcoin ownership” and so far he’s analyzed about 13%Continue Reading
LBank Exchange Will List THN (Throne) on September 22, 2021
PRESS RELEASE. INTERNET CITY, DUBAI – LBank Exchange, a global digital asset trading platform, is proud to list THN on September 22, 2021. For all users of LBank Exchange, the THN/USDT and THN/ETH trading pairs will be officially available for trading at 21:00 (UTC+8) on September 22, 2021. In recentContinue Reading
NFT Fantasy Football Platform Sorare Raises $680 Million in Series B Led by Softbank
On September 21, the non-fungible token (NFT) fantasy football platform Sorare announced the company raised $680 million in a Series B funding round led by Softbank. The capital raise gives Sorare a new valuation of around $4.3 billion and the company plans to open a U.S.-based office. Sorare Reveals $680MContinue Reading
Robinhood Testing New Crypto Wallet and Cryptocurrency Transfer Features: Report
Stock trading and investing app Robinhood has reportedly been testing new features, including a crypto wallet and cryptocurrency transfers. “The ability to deposit and withdraw cryptocurrencies is tricky to do with scale, and we want to make sure it’s done correctly and properly.” Robinhood to Add Crypto Wallet and TransferContinue Reading
