United States investment management firm VanEck has filed for a new Bitcoin (BTC) futures mutual fund with the Securities and Exchange Commission. According to a prospectus filed Monday, the new “Bitcoin Strategy Fund” will invest in Bitcoin futures contracts as well as pooled investment vehicles and exchange-traded products that provide exposure to Bitcoin. The fund will not invest in Bitcoin […]

Cardano price is trading in a bearish zone below $1.40 against the US Dollar, similar to bitcoin. ADA price could continue to move down below $1.20 and $1.15. Cardano Price Analysis This week, cardano price followed a bearish path from well above $1.40 against the US Dollar. The ADA/USD pair declined below $1.30 and moved further into a bearish zone. […]

The US Securities and Exchange Commission (SEC) announced on Monday that a former Deutsche Bank commodities trader has been sentenced to a year of imprisonment. He was convicted for committing wire fraud. James Vorley, who was based in the United Kingdom and a precious metals trader at the German bank’s London office, was engaged in a scheme to defraud other […]

Bitcoin, the world’s most valuable digital currency, dropped below $32,000 on Monday after a correction of approximately 20% in the last seven days. In addition to its price dip, the network activity of Bitcoin has dropped substantially in recent days. According to the latest on-chain analysis report published by crypto analytics platform, Glassnode, active Bitcoin addresses have reached 884,000, which […]

Ethereum extended its decline and it even broke the $2,000 support against the US Dollar. ETH price is now recovering and it might correct higher towards $2,150. Ethereum extended its decline below the $2,050 and $2,000 support levels. The price is now trading well below $2,200 and the 100 hourly simple moving average. There was a break above a short-term […]

El Salvador’s grand plans to promote Bitcoin adoption could be turned on their head if President Bukele’s Bitcoin law is proven to be unconstitutional in the country’s courts. A group of citizens joining forces with political party, Farabundo Martí National Liberation Front (FMLN), has filed a lawsuit claiming President Bukele’s Bitcoin adoption program is unconstitutional. FMLN legislator, Jaime Guevara, led […]

Bitcoin price extended its decline and tested the $31,500 zone against the US Dollar. BTC is now recovering losses, but it is likely to face sellers near $34,000 and $35,000. Bitcoin remained in a bearish zone and it even broke the $32,000 support zone. The price is now trading well below $35,000 and the 100 hourly simple moving average. There […]

Financial advisor Ric Edelman, founder of Edelman Financial Engines and RIA Digital Assets Council, has recommended having bitcoin in investment portfolios despite the cryptocurrency’s volatility. “This is totally new and different and it’s the first genuinely new asset class in about 150 years,” he said, emphasizing that “It has tremendous investment opportunities.” Ric Edelman Sees Benefits of Having Bitcoin in […]

The Iranian government has suspended the Iran Blockchain Association (IBA) for reportedly violating laid down rules and operating contrary to its own articles of association. Iran Bans Blockchain Association  According to the Financial Tribune on Sunday (June 20, 2021), the suspension of IBA’s activities was carried out by Iran’s Ministry of Interior. The IBA which comprises specialists, activists, experts, and […]