Securities and Exchange Commission Chairman Gary Gensler today reaffirmed the SEC’s view that Bitcoin is a commodity but refrained from extending the label to any other cryptocurrencies in an interview with CNBC. Gensler singled out Bitcoin as an example of a crypto asset that should be regulated under the Commodity Futures Trading Commission (CFTC), as he’s done previously, but would…
Bitcoin. The bottom. Are we there yet? Several higher timeframe metrics suggest BTC’s real bottom will be somewhere around $10,000. Source: https://cointelegraph.com/news/final-capitulation-5-reasons-why-bitcoin-could-bottom-at-10-000
Robinhood, a discount brokerage that popularized crypto trading among mainstream users, has fallen on hard times. Source: https://cointelegraph.com/news/crypto-exchange-ftx-is-looking-into-acquiring-robinhood-report
Sam Bankman-Fried recently bought 7.6% of Robinhood, shares of which jumped on today’s news. Source: https://decrypt.co/103922/sbfs-ftx-eyeing-purchase-of-robinhood-report
What Is Bitcoin and How Does it Work? Bitcoin is an innovative technology that introduces a new monetary system, based on a peer-to-peer network of users’ nodes (computers) with no intermediaries like central banks or any type of financial institution. For the first time in history, anyone can participate in an open network and contribute to empowering it, with no…
The prominent rap stars Eminem and Snoop Dogg released a new music video that showcases the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collection. The duo’s latest single called “From the D 2 The LBC” debuted at this year’s Apefest, an annual gathering for BAYC and Mutant Ape Yacht Club (MAYC) owners. From the D 2 the LBC: Eminem,…
America’s biggest crypto exchange is laying off 18% of its workforce. A Goldman analyst said that’s not enough. Source: https://decrypt.co/103916/coinbase-stock-plunges-after-goldman-sachs-downgrades-the-exchange
A mild sense of hope emerged among Bitcoin (BTC) investors after the June 18 drop to $17,600 becomes more distant and an early ascending pattern points toward $21,000 in the short-term. Bitcoin 12-hour USD price at FTX. Source: TradingView Recent negative remarks from lawmakers continued to curb investor optimism. In an interview with Cointelegraph, Swiss National Bank (SNB) deputy head…
Grayscale Investments signed Jane Street and Virtu Financial as authorized participants for its pending spot bitcoin ETF.Grayscale’s application to convert its bitcoin fund into an ETF has a deadline of July 6.Should the SEC deny, or further delay Grayscales application, the fund is prepared to sue the SEC. Grayscale Investments announced it will work with market-makers Jane Street and Virtu…
sponsored Last month was a crypto rollercoaster. Bill Gates said crypto is based on greater fool theory. The market has lost more than $1 trillion dollars since November, and there are still signs of further damage, including Celsius’ pause on withdrawals. The wild west of finance is clearly suffering, and the whiplash pace of recent headlines is likely to leave…
