Major Bitcoin ETF Legal Battle Begins as Grayscale Sues SEC
Source: iStock/PgiamOne of the biggest bitcoin (BTC) and crypto investment companies, US-based Grayscale Investments, sued US Securities and Exchange Commission (SEC) after it rejected its application to convert the Grayscale Bitcoin Trust (GBTC), the world's largest BTC fund, to a spot exchange-trading fund (ETF)."It is the SEC’s arbitrary and capricious actions and discriminatory
Bitcoin Trading in a Range Below USD 21,500, Ethereum Consolidating Gains, XRP Rallies
Bitcoin price could gain pace above the USD 21,000 level.Ethereum bulls might aim at USD 1,250; XRP is gaining pace above USD 0.35.AVAX and MATIC are showing signs of more upsides.Bitcoin price remained stable and settled above the USD 20,500 support. BTC is currently (11:38 UTC) attempting a clear move above the USD
$100K BTC Predictions, Peter Schiff on Recession and Bitcoin, Bill Gates Slams NFTs — Bitcoin.com News Week in Review
It’s been a week of polarizing opinion in crypto news. Whether it’s cryptocurrency fund managers predicting $100K bitcoin by the end of the year, Peter Schiff saying things “will only get worse as the recession deepens,” or Bill Gates slamming crypto and NFTs, citing the Greater Fool Theory, there’s been no shortage of
Bitcoin and Ethereum Struggle to Recover Losses, Altcoins Turn Red
Bitcoin price failed to recover above USD 22,000.Ethereum is struggling below USD 1,250, XRP is facing resistance near USD 0.325.HNT trimmed gains but is still the best performer today.Bitcoin price stayed above the USD 21,200 support zone, formed a base, and started a recovery wave above the USD 21,800 level. But it failed
Bitcoin Fraud-Accused South African Radio Presenter Threatens Legal Action
Following accusations that he defrauded investors in his bitcoin investment scheme, the South African radio presenter Sebasa Mogale has said he will take legal action against individuals that have reported him to the police. His lawyer insisted that no evidence will be found because Mogale never committed fraud. Five Fraud Cases Opened Against Mogale Sebasa
Bitcoin (BTC) Bounces by 12% Following Drop to $20,855
Bitcoin (BTC) bounced significantly after reaching a low of $20,855 and has possibly completed its corrective structure. BTC has been falling since it broke down from an ascending support line on June 10 (red icon). The decrease has been swift and led to a low of $20,855 on June 14. This is the lowest
Bitcoin, Ethereum Technical Analysis: BTC Continues to Consolidate, Prices Move Slightly Above $30,000
Bitcoin moved away from Tuesday’s lows during the hump-day session, as prices were once again above $30,000. Prices have been hovering above and below this level over the last few weeks, with no significant gains in the period. ETH was also marginally higher. Bitcoin The volatility in crypto markets was once again present during Wednesday’s
Bitcoin Miners May Get Another Break This Week as Network’s Mining Difficulty Is Expected to Drop
Bitcoin miners may catch another break this week as the network’s mining difficulty is estimated to see a reduction tomorrow. Every two weeks Bitcoin’s difficulty adjustment algorithm (DAA) changes, and during the last DAA change, the difficulty dipped by 4.33%. Currently, at 235 exahash per second (EH/s), the network is expected to see
Bitcoin (BTC) on-Chain Analysis: Realized Loss Reaches ATH; Signal of a Bottom?
Today’s on-chain analysis looks at the Realized Loss indicators to determine what stage of a bear market bitcoin (BTC) price is at. Specifically, Realized Loss and Net Realized Profit/Loss. The realized loss today is comparable to the absolute price lows of BTC in 2014 and 2018. Moreover, in some cases, these values have even
Bitcoin, Ethereum Technical Analysis: BTC Falls to 2-Month Low Following the Latest NFP Report
Bitcoin fell to its lowest level in over two months, as Friday’s non-farm payrolls report showed an addition of 428,000. It was expected that last month’s payrolls would show an increase of 391,000 jobs — lower than March’s figure of 431,000. ETH also fell on the news, hitting a six-week low. Bitcoin Bitcoin fell by