Bitwise Asset Management has submitted a new filing on June 16 for a proposed rule change to accommodate its planned Bitcoin spot ETF. The U.S. Securities and Exchange Commission (SEC) had previously rejected a Bitcoin spot ETF application from Bitwise in June 2022, citing inadequate surveillance-sharing, protection against market manipulation, and a lack of significant
The launch of a new meme coin called Apple Coin ($APPLE) across decentralized exchanges saw an explosive start on Friday, rallying as much as 50,000%. The coin opened for trade around $0.0003 and rallied as high as $0.15, giving it a market cap of $1.5 million at the time. However, the coin has already fallen
XRP, the cryptocurrency that powers the decentralized payments-focused XRP Ledger blockchain protocol, has recovered nearly 4% from earlier session lows. Despite being down a little over 1% on the day, XRP has climbed back above $0.47 from earlier lows in the mid-$0.45s. Broader crypto markets have been rallying, led by Bitcoin, in the last few
Many Bitcoin users consider whether it is better to mine or buy Bitcoin directly. However, the cost and rigor of running ASIC miners, regulatory uncertainty, and the lack of technical expertise often deter people from mining. While mining can provide full autonomy over operations and diversification of crypto investments via physical hardware, it is a
The Texas State Securities Board has filed an emergency cease and desist order against Abra, a cryptocurrency lending firm, on June 15. Based on its investigations, the regulator found Abra and related parties committed fraud and made misleading statements. Abra had suggested it was a “crypto bank”, but it does not have a Texas bank
Binance, the world’s largest cryptocurrency exchange by trading volume, has requested to delist from the register of authorized crypto asset service providers (CASPs) in Cyprus. The move was made in order to comply with the European Union’s new Markets in Crypto-Assets (MiCA) regulation. The news was first reported on the website of the Cyprus Securities
Bitcoin (BTC) is moving towards a vital area following the Wall Street open on June 16 as the recovery from three-month lows continues. The data from Cointelegraph Markets Pro and TradingView showed BTC/USD nearing $26,000 on Bitstamp. The BTC price built on an overnight rebound from its lowest levels since early March amid ongoing regulatory
According to a recent report by blockchain analytics firm Nansen, smaller crypto exchanges have gained momentum in the wake of the collapse of the more dominant FTX exchange. The report found that the landscape for centralized exchanges (CEXs) has changed following the FTX collapse, with most exchanges experiencing a decrease in trading volumes as traders
The US Federal Reserve’s latest monetary policy announcement has spooked investors, causing a sell-off in the cryptocurrency market. The Fed paused interest rate hikes, but its hawkish outlook on interest rates has left investors worried. Hawkish Guidance on Interest Rate Outlook Affects Crypto Market The US Federal Reserve’s hawkish outlook on interest rates has caused
Despite the consistent downturn of the Arbitrum governance token ARB since its airdrop in March, its ecosystem shows healthy growth. A recent report by Nansen reveals that the activity on Arbitrum improved after the airdrop, stabilizing at a higher level than before. The daily active users, gas fees, and transaction count have maintained higher levels