The U.S. Securities and Exchange Commission (SEC) rejects the latest attempt at creating a bitcoin exchange-traded fund (ETF). The SEC announced Wednesday that the ETF proposal, filed by Bitwise Asset Management in conjunction with NYSE Arca, did not meet legal requirements to prevent market manipulation or other illicit activities. The SEC placed the burden on […]
The Bitcoin ETF proposal and the question of whether it will get the SEC’s approval has been one of the key to regular Investors and talking points of 2019. Several Bitcoin ETF proposals have been submitted to the SEC by institutions such as VanECK Securities, SolidX Management and Bitwise, but none of them have received […]
The former CEO of Credit Suisse in Switzerland, Oswald Gruebel, has openly criticized the negative interest rates applied by the Swiss National Bank. In his opinion, money might lose its value if this continues. As negative interest rates are usually introduced to fend off inflation, Bitcoin appears to have the perfect solution. Negative Rates Across […]
In a clear example of tech evolving faster than the law can adapt, a Japanese minster has confirmed that crypto donations are now legal due to a classification loophole. According to Reuters, on Tuesday, Sanae Takaichi, the internal affairs and communications minister of Japan, noted the newfound ‘legality’ of crypto donations. She specifically highlighted their […]
A large-scale transaction was noticed on the Bitcoin blockchain, moving 13,180 BTC, worth above $108 million at current prices. Bitcoin Price Dump Incoming? Transaction Moved UTXO to New Wallet. Potential Bitcoin Price Dump incoming. The transaction sparked predictions for the price of BTC, with some suggesting the coins were prepared for selling. For others, increased […]
Bitcoin loves to trade inside triangles. Bitcoin ATH Forming? The leading crypto asset by market cap just broke down from a multi-month triangle and spent most of 2018 trapped inside a descending triangle that ultimately broke down. However, all of this price action may be part of an even larger symmetrical triangle formation dating back […]
Bitcoin and the aggregated crypto markets have incurred a significant influx of buying pressure today that has allowed BTC and most major altcoins to rocket higher, which may signal that the market’s recent lows will mark long-term bottom that is followed by the next noteworthy uptrend. Analysts are noting, however, that Bitcoin may pullback slightly […]
Two of the most frequent questions that I get from people in the crypto community are: what do you invest in and what are the best crypto invest strategies? As a general rule, the best investment strategy focuses on maximizing gains while minimizing risk. Historically, the best assets that fit this profile have been stocks, […]
General Electric, GE, Pension Failure has decided to freeze its pension plan, removing two of the key features that have come to be associated with retirement savings – secure and guaranteed – for tens of thousands of employees. GE Pension Failure isn’t the first company to pull the plug, but as one of the oldest […]
It doesn’t look like much—yet. But this cardboard box is a prototype for an Bitcoin ATM to turn loose change into satoshi, the smallest denominator of bitcoin—literally in seconds, with Bitcoin’s scaling solution, the Lightning Network. It can be programmed to recognize up to six types of currencies. A user inserts the coins into the […]
Last week the world saw the ugly part of traditional banking, with Turkey suddenly freezing millions of accounts and Hong Kong ATMs being out of cash. Incidents like these encourage people from all social strata to consider safer stores of value (SOVs), with Bitcoin being the first reasonable option. Turkey Freezes More Than 3M Bank […]
Social media mentions of “altcoin season” were fewer and far between in the past weeks, after several crashes almost erased the gains made in 2019. Altcoins gave way to growing Bitcoin (BTC) maximalism, as the leading coin outperformed most smaller assets. Hopes for Altcoin Season Seem Lost Research by The TIE shows that mentions of […]
Engineers and developers are continuously working to provide Bitcoin with technological improvements. Now, most likely, the next Bitcoin technological breakthrough will come through the Schnorr + Taproot Bitcoin soft fork. Greater Scalability, Fungibility, and Script Innovation According to Bitcoin Optech contributor Steve Lee, the Schnorr + Taproot bitcoin soft fork proposal offers “a whole new […]
Time for Bitcoin in India and Hong Kong? As anti-government protests continue to break out around the globe – with ATMs in Hong Kong reportedly running out of cash while thousands of bank accounts are being frozen in India due to a scandal involving the country’s PMC Bank, the notion of a deflationary and censorship-resistant […]
Bitcoin ETF, Executives at Bitwise Asset Management are highly optimistic as the deadline for the United States Securities and Exchange Commission’s (SEC) decision on their proposed Bitcoin (BTC) exchange-traded fund (ETF) looms on the horizon. Days ahead of the Oct. 13 deadline, an Oct. 7 CNBC report cites Matt Hougan, managing director and global head […]
The crypto news industry has evolved significantly over the last two years – coverage of the industry has evolved right along with it. Two years ago, the Crypto News space was almost completely driven by raw hype: Bitcoin was up, up, up, and anyone who came within ten feet of the industry was told that […]
Ad bans, algorithm rewrites, hype, and speculation have all heavily affected the crypto news sites industry. Crypto News Sites traffic volatility analysis. As cryptocurrency markets have fluctuated so heavily over the past several years, so too have the substrates that have formed within the cryptocurrency industry: among them, advertising and crypto news sites and media. […]
After three months of consolidating, Bitcoin price broke down from the triangle formation it had been trading in. The fall took Bitcoin from over $10,000 to under $8,000 in less than 48 hours. According to one crypto analyst, price action is mimicking the behavior and movements that took place within the triangle formation Bitcoin broke […]
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