MicroStrategy (NASDAQ: MSTR) purchased another 18,300 Bitcoin—worth just under $1.1 billion at the time of writing—between August 6 and September 12, the software firm’s founder and Chairman Michael Saylor announced Friday. The firm—which is famously bullish about Bitcoin and began accumulating the leading cryptocurrency in 2020—purchased the coins at an average price of approximately $60,408 per token, including fees and…
In recent trading sessions, various crypto stocks have shown signs of recovery as Bitcoin manages to trim some of its earlier losses. This follows a tumultuous period where the leading cryptocurrency had seen significant declines in value. Key players in the crypto industry, such as Marathon Digital Holdings (NASDAQ:MARA) and Riot Blockchain (NASDAQ:RIOT), have experienced notable rebounds. These companies, heavily…
As the financial world braces for the next U.S. jobs report and the Federal Reserve’s interest rate decision, Bitcoin (BTC) traders are keenly watching several critical price levels. These events are expected to significantly influence Bitcoin’s trajectory, potentially leading to heightened volatility in the cryptocurrency market. The jobs report, scheduled for release shortly, will provide insight into the health of…
Indian cryptocurrency exchange Wazirx has warned users that they may have to wait until the dispute with Binance is resolved if the moratorium, filed in Singapore, is not granted. Wazirx explained that Zettai holds the cryptocurrency tokens under protest. “If Binance is deemed the owner, it becomes liable for users’ account balances. If Zettai is […] Source: https://news.bitcoin.com/wazirx-users-may-face-delays-amid-binance-dispute-and-moratorium-uncertainty/
HomeUncategorizedInvesting News/Investor Sentiment Post-Presidential Debate: Market Insights Investors are closely monitoring the aftermath of the presidential debate between Trump and Harris, analyzing the implications for financial markets and investment strategies. The debate sparked intense reactions, with market volatility and uncertainty prevailing in the wake of the event. Concerns over potential policy changes and their impact on various sectors have led…
Kraken has formally responded to the SEC’s lawsuit, denying allegations of operating as an unregistered securities exchange. In a new court filing, Kraken demanded a jury trial and argued against the SEC’s classification of 11 crypto assets as so-called “crypto asset securities.” The 11 assets include Solana (SOL), Cardano (ADA), Algorand (ALGO), Cosmos Hub (ATOM), Filecoin (FIL), Flow (FLOW), Internet…
The SEC’s latest lawsuit update targets additional tokens like Axie Infinity, Filecoin, and Cosmos as unregistered securities, continuing its crackdown on the crypto industry. Source: https://cointelegraph.com/news/sec-expands-binance-lawsuit-axs-fil-atom-securities?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
A new law in North Carolina seeks to ban CBDCs in the state, but there are questions about whether the new legislation is even legal. Source: https://cointelegraph.com/news/north-carolina-cbdc-ban-law-us?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
A meme coin pushed by football star Neymar Jr, Pink Floyd bassist Roger Waters, and a number of other accounts with notable followings has failed to pump before it could even dump—something that infamously follows celebrity meme coin launches. Does this mean the celebrity meme coin meta is over? In what experts have said looks like an organized hack on…
Ethereum (ETH) has recently struggled in comparison to its peers, according to a report by Coinbase Institutional. The analysis suggests that market dynamics, network activity, and inflationary factors are influencing the cryptocurrency’s current performance. Coinbase Institutional: Ethereum Lags Behind Crypto Peers In its September 2024 outlook, Coinbase researchers pointed out that the cryptocurrency market is […] Source: https://news.bitcoin.com/ethereum-faces-challenges-as-price-stagnates-coinbase-report/
