MicroStrategy Inc. (NASDAQ: MSTR), a prominent player in the finance software utility sector, has made headlines with its recent acquisition of more Bitcoins, a move timed amidst growing vulnerabilities in the cryptocurrency market. The company, led by its founder and chairman, Michael Saylor, officially disclosed this acquisition in a written statement submitted to the United States Securities and Exchange Commission […]

The crypto world is buzzing with anticipation as BlackRock, the world’s largest asset manager, inches closer to a game-changing approval for its Spot Bitcoin ETF. Some industry insiders even boldly predict that Bitcoin’s price could skyrocket to a jaw-dropping $200,000 should the ETF receive the green light. There are several compelling reasons to believe that BlackRock’s application is set for […]

Ethereum price dropped further below $1,600 against the US Dollar. ETH is in the red zone and might dive toward the $1,500 support zone. Ethereum is gaining pace below the $1,600 support zone. The price is trading below $1,600 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $1,600 on the hourly […]

Cryptocurrency exchange Coinbase has secured an Anti-Money Laundering (AML) compliance registration from Spain’s central bank, as part of its ongoing expansion across Europe. According to a Sept. 22 statement, the registration with the Bank of Spain now means that users in Spain will be able to retain custody of their crypto assets on Coinbase, as well as buy and sell […]

In a bold and contentious statement, Caitlin Long has asserted that 99% of the crypto industry should be eliminated to decrease leverage buildup and improve the industry’s future advancement. Industry Overhaul Demanded For Sustainability Caitlin Long, Founder and CEO of Custodia Bank, a crypto asset banking company, has called for a seismic change in the crypto industry and its practices. […]

As October approaches, the crypto community will have their eyes set on the US Securities and Exchange Commission (SEC), as it has some key decisions to make that could invariably affect the crypto industry and everyone in it.  SEC Appeal Incoming? The SEC is expected to decide whether or not to appeal the ruling in its case against asset manager […]

The First Circuit Court of Appeals in Boston has instructed LBRY, the blockchain-based content platform, to submit its brief by November 1, 2023. This follows the legal battle between the Securities and Exchange Commission (SEC) and LBRY, culminating in a recent decision against the crypto platform. Initially, the SEC slapped LBRY with a staggering $22 million penalty, accusing them of […]

In a battle to recover billions of dollars following the collapse of FTX, Chief Executive and Restructuring Officer John J. Ray III, is intensifying efforts just weeks before FTX founder Sam Bankman-Fried faces trial in what has been labeled one of the largest financial frauds in American history. Bankruptcy court proceedings kicked off the week as FTX filed a lawsuit […]

Crypto exchange Bybit has announced that it will suspend its operations in the UK ahead of new crypto marketing rules set to be implemented by the country’s top financial regulator, the Financial Conduct Authority (FCA), next month. Bybit Bows Out Of UK Market Bybit, one of the largest crypto derivatives exchanges, is halting operations in the UK due to increasing […]