Crypto investment products registered their sixth consecutive week of outflows for the week ending Sept. 24. According to data from CoinShares, digital asset outflows from crypto investment products reached $9 million last week. Bitcoin (BTC) registered a third consecutive week of outflows, reaching $6 million in the past week. Short Bitcoin positions saw outflows of $2.8 million. Ether (ETH) registered […]

On Sept. 13, news broke of yet another high-level executive parting ways with Binance.US.  This time, it was none other than Brian Shroder, the CEO and president of the exchange, who, after two years in the hot seat, was heading for a “deserved break,” as Binance CEO Changpeng “CZ” Zhao was quick to announce on X (formerly Twitter) that same […]

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 […]