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1 year, 10 months ago
Investors Reduce Short Bitcoin Positions Despite Negative Sentiment
Investors have continued to reduce their short positions on Bitcoin, despite the current negative sentiment. This is a sign that investors are still confident in the cryptocurrency, despite the current market…
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1 year, 10 months agoSEC Requests Court to Allow Filing of Documents Under Seal in Binance Case
The U.S. Securities and Exchange Commission (SEC) has requested a federal judge to allow documents to be filed under seal in its civil case against Binance, Binance.US, and Binance CEO Changpeng Zhao (CZ).…
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1 year, 10 months agoBitcoin Price Nears Two-Week Highs as Grayscale Wins Lawsuit Against SEC
Bitcoin (BTC) neared two-week highs on Aug. 29 as news hit that digital asset manager Grayscale had won a lawsuit against United States regulators. The ruling by the United States Court of Appeals for the District…
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1 year, 10 months agoGrayscale Wins Court Battle Against SEC, Crypto Market Soars
A US court has sided with Grayscale in its battle against the SEC, causing Bitcoin and the rest of the crypto market to surge. This volatility caused massive losses for over-leveraged traders, with liquidated short…
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1 year, 10 months agoCourt Rules SEC Must Review Grayscale's Spot Bitcoin ETF Application
A U.S. federal appeals court has granted Grayscale Investments’ petition for review in its lawsuit against the Securities and Exchange Commission (SEC) regarding its spot Bitcoin ETF application. The court ruled t…
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1 year, 10 months agoBacked Integrates BNB Smart Chain into Token Issuance Framework
Backed, a Zurich-based company, has announced its integration of the BNB Smart Chain (BSC) into its token issuance framework. This framework enables the tokenization of off-chain assets such as treasury-based ETFs…
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1 year, 10 months agoBlur Token Price Plummets 85% Amid Negative Market Catalysts
Blur, the NFT market’s new darling, has seen its native token, BLUR, fail to capture the bulls’ imagination. The token has dropped 85% from its record high of $1.40 in February 2023, and may decline further in the…
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1 year, 10 months agoBitcoin Mining Difficulty Hits All-Time High as BTC Price Hovers Around $26K
Bitcoin’s mining difficulty has reached a new peak as the cryptocurrency hovers around the $26,000 price level. According to the latest edition of the weekly report from crypto exchange Bitfinex, the mining d…
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1 year, 10 months agoBitcoin Price Support Zone Offers Rare Buying Opportunity: Analysis
Bitcoin (BTC) is currently trading around $26,060, offering investors a rare chance to buy at a support zone with a “100% long hit rate,” according to crypto asset manager Capriole Investments. The firm sug…
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1 year, 10 months agoCanaan Inc. Reports 33.7% Increase in Mining Revenue for Q2 2023
Canaan Inc. (NASDAQ: CAN), one of the leading Bitcoin mining companies, has reported its unaudited financial results for Q2, 2023. The company saw its total revenue rise to $73.9 million, a 33.7% increase compared…
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1 year, 10 months agoCanaan Records Historic High Mining Revenue Despite Operating at a Loss
Canaan, a Bitcoin (BTC) miner, reported a loss in its second-quarter financial report despite increasing mining revenue and computing power. The miner generated a total revenue of $73.9 million, while its “cost o…
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1 year, 10 months agoUnveiling the Potential of Hedera in Blockchain and FedNow
The Hedera blockchain network is a decentralized, open-source public ledger that is revolutionizing the blockchain industry. It utilizes the hashgraph consensus algorithm to solve key issues facing blockchain…
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1 year, 10 months agoBinance Excludes Banco de Venezuela from P2P Payment Methods
Binance, the world’s largest cryptocurrency exchange, has removed Banco de Venezuela (BDV) from its list of accepted P2P trading payment methods. This exclusion has caused a stir among Venezuelan digital currency e…
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1 year, 10 months agoIndian Crypto Exchanges Cut Staff Amid Prolonged Crypto Winter
CoinSwitch, a crypto exchange based in India, has recently cut its workforce due to the prolonged cryptocurrency winter. The exchange has laid off 44 employees from its customer support division in August, citing…
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1 year, 10 months agoRipple Strengthens Canadian Connections with University Collaborations
Ripple Labs has been actively expanding its presence in Canada, collaborating with the University of Toronto and the University of Waterloo. The University of Waterloo has been researching Central Bank Digital…
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1 year, 10 months agoGolden Inu Soars 16% as Investors Flock to Token-Burning Portal
The Shiba Inu (SHIB) token has experienced a 1% decline in value over the past 24 hours, disappointing holders who were expecting a surge in price after the launch of Shibarium. Over the past weeks, the team behind…
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1 year, 10 months agoCanaan Reports Growth in Computing Power and BTC Mining Revenues Despite Net Loss
Canaan, a Bitcoin mining company listed on the NASDAQ, reported its unaudited financial results for Q2 2023. The company saw growth in computing power sold and BTC mining revenues, but faced a significant net loss…
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1 year, 10 months agoBitcoin Struggles at $26K Support: Will Price Drop Below $25K Before Reaching $30K?
Bitcoin (BTC) has been struggling to stay afloat at $26,000 and continues to face selling pressure amid weakening technical indicators. As of press time, Bitcoin is trading at $25,972 with a market cap of $505…
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1 year, 10 months agoVC Spectra (SPCT) Offers High ROI with Real-World Utility
VC Spectra (SPCT) is a decentralized hedge fund that is revolutionizing the crypto investment world. It offers a platform that bridges advanced investment opportunities with those with minimal industry insights.…
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1 year, 10 months agoPolytrade Showcases Invoice Financing Possibilities with Mastercard's Blockchain Scheme
Mastercard has recently announced a new blockchain-based scheme, sparking optimism among the public. Polytrade, a company specializing in invoice financing, has showcased the possibilities of the new technology.…
