Bitcoin has once again surpassed the significant $60,000 mark for the first time since August 30, and growing interest from institutional investors suggests this time might be different, according to a crypto market analyst. On September 13, crypto analyst Rajat Soni shared on X (formerly Twitter), “This time is different.” Soni highlighted that Bitcoin has […]
In a significant move for the digital asset industry, the High Court of Justice in England has officially recognized Tether’s USDT stablecoin as property. This ruling marks an important step as the UK continues to define and solidify property rights for digital tokens. Just a day before, a new bill was presented in the UK […]
In a continued demonstration of its unwavering dedication to Bitcoin, MicroStrategy has added another $1.11 billion worth of the cryptocurrency to its reserves. The software intelligence firm, under the leadership of Michael Saylor, remains steadfast in its strategy of accumulating the world’s foremost digital asset. Michael Saylor has long been a vocal proponent of Bitcoin, […]
Grayscale Investments, a prominent player in the cryptocurrency investment space, has unveiled a new trust dedicated to the XRP cryptocurrency. On September 12, Grayscale made a public announcement about the launch of the Grayscale XRP Trust, designed to offer investors a pathway to invest in XRP. The Grayscale XRP Trust is now accepting daily subscriptions […]
The SEC had accused eToro of functioning as an unregistered broker and clearing agency due to its cryptocurrency trading operations. To resolve these accusations, eToro will pay a $1.5 million fine as part of its agreement, which was disclosed by the SEC on September 12. Under the terms of the settlement, eToro will limit its […]
Republican members of the U.S. House have initiated an inquiry into claims that SEC Chairman Gary Gensler may be appointing staff based on their political leanings, potentially breaching federal regulations. In a letter dated September 10 addressed to Gensler—a member of the Democratic party—Republican Representatives Jim Jordan, Patrick McHenry, and James Comer leveled accusations against […]
A significant advancement has occurred in the UK as the government introduces a bill aiming to classify cryptocurrency as personal property. The proposed legislation, now before parliament, seeks to redefine the legal standing of cryptocurrencies, NFTs, and other tokenized assets. According to a government press release, this bill is designed to provide Bitcoin owners and […]
Bitcoin continued to slide on September 11, with markets reacting negatively despite positive U.S. macroeconomic data. BTC fell below $56,000, shedding over 3% as the U.S. Consumer Price Index (CPI) report for August showed inflation slowing, in line with expectations — 0.2% month-on-month and 2.5% year-on-year, according to the U.S. Bureau of Labor Statistics. The […]
U.S. inflation decreased to 2.5% in August, potentially setting the stage for the Federal Reserve to consider a gradual rate cut at its upcoming meeting. This decline follows a 2.9% inflation rate in July and is slightly below the 2.6% prediction from economists. The inflation figure, one of the last key economic indicators before the […]
Analysts predict that Bitcoin may experience one more significant dip before breaking out in October. According to popular crypto analyst Mags, the cryptocurrency’s chart patterns suggest that Bitcoin could see a final correction toward the $51,000 trendline before beginning its next upward move. In a post on Sept. 9, Mags stated: “Bitcoin — Last dip […]