SEC Commissioner Hester Peirce published comments challenging the regulatory agency’s position on spot bitcoin ETFs.Peirce explains the refusal of the SEC to approve spot products is “puzzling,” and explains the growth of bitcoin as a financial instrument. Grayscale has hired a top legal mind from former President Obama’s administration to fight the SEC should the fund’s ETF application be denied…
SOL was nearly 10% higher on Thursday, as crypto prices rebounded following recent losses. The rebound comes a day after the latest Fed rate hike, with TRX also gaining on the news. Solana (SOL) SOL was trading higher during today’s session, spurred by the latest Federal Reserve rate hike. Following a low of $28.46 on Wednesday, SOL/USD surged to an…
Solana (SOL) tumbled on June 16 amid a broader retreat across the top cryptocurrencies, led by the Federal Reserve’s 0.75% interest rate hike a day before. Solana price rebound fizzles Notably, SOL/USD plunged nearly 17% to $30 a token, wiping almost all the gains from June 15. The SOL price volatility liquidated almost $10 million worth of contracts in the…
This is an opinion editorial by Josef Tětek, the Trezor brand ambassador for SatoshiLabs. Bear markets can be scary, with bitcoin dropping to unthinkable levels, leverage positions being liquidated and custodians failing on their promises. When FUD replaces FOMO, fortunes are easily lost. Keeping your head cool and your bitcoin in cold storage is imperative to survive in this unpredictable…
We’re thrilled to announce that Kraken now supports Integritee (TEER)! Funding and Trading You can add $TEER to your Kraken account by navigating to Funding, selecting the asset, and hitting Deposit. Clients that used Kraken to participate in the Parachain auction bid of these networks have now received their auction reward. Trading for both assets will begin June 16. What…
Tesla temporarily embracing Bitcoin (BTC) as a method of payment for its products was conceivably one of the catalysts that pushed asset prices to record highs last year and put the spotlight on crypto legitimacy — particularly in the realm of payments. Moreover, crypto enthusiasts had lauded the fact that Tesla even set up its own node to accept BTC…
The Bitcoin ecosystem tends to be a very sensitive space with decisions, news, regulations and announcements by big financial institutions, governments and business magnates making the marketplace susceptible to wild fluctuations in price. A price boom that could storm the bitcoin market with a great impact on investors is a bitcoin spot exchange-traded fund (ETF) proposal. This ETF filing is…
Can a fully-functional oracle network ecosystem that anonymously collects and validates geospatial (location-specific) data exist? One blockchain firm seems to have gotten the gist of the idea. Founded in 2012, XY Labs and its namesake protocol XYO, which is built on the Ethereum blockchain, seek to reward participants for the genesis, interpretation, analysis, and storage of data to be called…
Circle, the issuer of the USDC stablecoin, is launching a new fiat-backed digital asset called Euro Coin (EUROC), the company said on Thursday. The new Euro Coin will initially launch on the Ethereum blockchain as an ERC-20 token on June 30, with more supported networks to follow later this year. Circle states in an accompanying press release that Euro Coin…
Engage Raise, a new political fundraising platform exclusively for bitcoin and other cryptocurrencies, is set to launch in July. The platform will allow political campaigns to manage donations and communicate with donors via messaging and events.The CEO of Engage Raise’s parent company believes Bitcoin and the broader ecosystem will recover before 2024 elections. Candidates for political office in the upcoming…
