The former CEO of now-bankrupt crypto lender Celsius, Alex Mashinsky, was reportedly arrested on the morning of July 13. The news broke minutes after the United States Securities and Exchange Commission filed a lawsuit against the crypto lender on the same day. The former CEO was reportedly arrested after a probe into the company’s collapse, reported Bloomberg…
Read more
Bitcoin (BTC), the pioneering cryptocurrency that sparked a global revolution in digital assets, operates on a unique monetary policy. One of the defining features of Bitcoin is its halving event, which occurs approximately every four years. This article will explore the economics behind Bitcoin’s halving, examining its effects on price movements and market sentiment. By…
Read more
Europe’s first spot Bitcoin (BTC) exchange-traded fund (ETF) is set to debut later this year after a long delay. The Bitcoin ETF by Jacobi Asset Management — a London-based multi-asset investment platform — was set to debut on the Euronext Amsterdam exchange in July 2022. However, unprecedented market conditions caused by the collapse of the Terra…
Read more
Bitcoin (BTC) may see a “parabolic curve” begin thanks to U.S. dollar weakness as the greenback falls to three-month lows. In a tweet on July 11, popular trader Moustache suggested that the time is right for BTC price history to repeat itself. DXY “most important chart” for Bitcoin this year Bitcoin’s formerly strong inverse correlation…
Read more
According to the legal team of the FTX investors, trying to return their funds through court, a failed crypto exchange spent “nearly $400 million” to acquire Digital Assets DA AG (“DAAG”). Later the Swiss company became known as FTX Europe. Now the plaintiffs are eager to be refunded the money that was spent on it…
Read more
An alliance of industry watchdogs based in the United States has united to express their opposition to the proposed draft bill on the crypto market structure by the United States House Financial Services Committee. In a detailed correspondence addressed to the U.S. House Committee on Financial Services, groups including Americans for Financial Reform and the…
Read more
The approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) would equate to a “seal of approval” for Bitcoin from the United States government and its securities regulator, says Mike Novogratz. In a July 12 interview with Bloomberg TV the founder of crypto investment firm Galaxy Digital spoke about the multiple spot Bitcoin ETF filings…
Read more
A pre-motion hearing set to take place on July 13 between the Securities and Exchange Commission (SEC) and crypto exchange Coinbase should provide a sense of the litigation tone and its potential impacts on the broader crypto industry, legal sources told Cointelegraph. Previously scheduled for August, the conference is a typical request presented by any…
Read more
A cryptocurrency wallet associated with the United States Department of Justice moved approximately 9,825.25 BTC worth around $299 million in a series of transactions on July 12. It’s unclear at this time whether the transactions, which appear to have ultimately propagated to at least 101 new wallets, were sent to exchange addresses for sale or…
Read more
Bitcoin continues to face strong resistance at $31,000 but supportive macroeconomic factors could tilt the advantage in favor of the bulls. Source link