Seychelles-based cryptocurrency exchange Bitget announced the launch of its new cryptocurrency lending product, Crypto Loans, as stated in a press release on July 4. This service allows users to stake less popular coins and receive more liquid assets in return. Bitget employs a “dual-coin approach” for its lending product, where users staking one cryptocurrency will
Valkyrie Investments has resubmitted its application for a spot-Bitcoin exchange-traded fund (ETF), making amendments to address the concerns raised by the Securities and Exchange Commission (SEC). The recent applications sent back by the SEC have all been amended and refiled, including Valkyrie Investments’ application. As part of the amendments, Valkyrie Investments has declared Coinbase as
Bitcoin SV (BSV) has witnessed a remarkable surge in price, experiencing a significant boost of 30% driven by a trading volume of $400 million. This surge has sparked speculation about the participation of large investors, commonly referred to as whales, in the market. With a current live price of $49.39 and a 24-hour trading volume
The crypto market has seen a resurgence this year, and with it, the demand for liquid staking, particularly in the Solana ecosystem. According to The Block Research, liquid staking protocols on Solana, also known as the “Ethereum Killer,” have experienced a 91% surge in total value locked since the beginning of 2023. Protocols such as
The introduction of a spot-based Bitcoin (BTC) exchange-traded fund (ETF) has the potential to make the asset more accessible to individual investors and mutual funds. Unlike a futures-based Bitcoin ETF, a spot-based ETF involves the actual purchase of BTC. However, the approval of the first Bitcoin ETF may not necessarily be a bullish event. Regulatory
Bitcoin (BTC) had an impressive 12% gain in June, closing the month on a positive note. Despite a last-minute dip due to a macro news event, Bitcoin managed to maintain a solid position. The data from Cointelegraph Markets Pro, TradingView, and CoinGlass confirms that the monthly close for Bitcoin was $30,465 on Bitstamp. This makes
Canada is poised to make significant strides in adopting blockchain technology, as a prominent group of lawmakers has urged the government to formulate a national blockchain strategy. Similar to the United States, Canada currently lacks clear regulations in the crypto and blockchain market, placing the country at a disadvantage. While various regions worldwide are actively
The United States Bankruptcy Court for the Southern District of New York has granted permission for Celsius debtors to exchange their altcoins for Bitcoin and Ether, effective immediately. This decision, issued by bankruptcy judge Martin Glenn on June 30th, not only facilitates the distribution of funds to creditors in the near future but also aligns
Bitcoin Cash (BCH) has recently experienced an astonishing surge of 70% in just seven days, leading to speculation about its potential to outshine Bitcoin. Currently hovering around the $300 mark, BCH has already completed a significant 78.2% Fibonacci retracement, further fueling interest in its upward trajectory. This analysis will delve into the technical outlook and
The ongoing lawsuit between the Securities Exchange Commission (SEC) and Coinbase has taken a new turn as the presiding judge reschedules the pretrial conference. Originally set for August 24, the conference has now been moved forward to July 13. This decision was made in response to a request by the SEC, which asked for a