The price of Bitcoin (BTC) and Ether (ETH) have risen sharply in Hong Kong after several applicants claimed to have obtained approval for exchange-traded funds (ETFS) in cryptocurrencies. Market analysts note that Bitcoin’s price has increased by about 2.8% in the last 24 hours, trading above USD 66,500, while Ether has reached USD 3,240. Details […]

ESMA estimates that the Mica Law may become a “booster” for euro cryptocurrency transactions. In one of its latest reports, the European Securities and Markets Authority (ESMA), the European Union’s securities regulator, has noted that the Mica Law has not yet driven any increase in cryptocurrency transactions. According to the regulator, the announcement of the […]

U.S. President Joe Biden’s cryptocurrency mining tax proposal is one of the more ambiguous elements of his budget proposal for next year. Biden seeks to impose a new 30% tax on the electricity used by Bitcoin miners, regardless of its source. This means that many miners may possibly relocate to other countries. President Biden in […]

Brad Garlinghouse, the CEO of blockchain startup Ripple (XRP), is estimating a massive year for the cryptocurrency market, with the option of a possible doubling of its total market capitalization nearing $5 trillion by the end of this year. Garlinghouse attributed this anticipated rise to several macro factors, including the introduction of the first Bitcoin […]

Days of high volatility and volume are expected for both Bitcoin (BTC) and other cryptocurrencies. Bitcoin has once again surpassed $72,000, a price not seen since mid-March. This suggests a potential mini rally leading up to the halving event on April 20, just two weeks away. The approval of Bitcoin ETFs in the United States […]

Ethereum posts $1.2 billion in transaction fee earnings during Q1 2024, a 155% increase compared to the same quarter last year. Ethereum (ETH), the largest blockchain network by transaction volume showed significant growth during Q1 2024, showing positive signs in most of its income statement metrics. According to information from Coin98 Analytics, Ethereum tripled its […]

In the dynamic world of cryptocurrencies, Tether has taken an important step to consolidate its position in the market, increasing its holdings of Bitcoin (BTC) to more than $5 billion. This key move, the result of acquisitions and mergers, highlights Tether’s growing influence in the digital asset sector. With a market capitalization of over $70 billion, Tether […]

The Securities and Exchange Commission (SEC) is not resting in its fight against cryptocurrency company Ripple Labs. The SEC is going to ask a judge to fine the said company nearly USD 2 billion, according to information provided by the company’s executives. Through X, the legal director of Ripple Labs, Stuart Alderoty, reported that this […]

The London Stock Exchange (LSE) officially announced on Monday that cryptocurrency exchange-traded notes (ETNs) tracking the price of both Bitcoin (BTC) and Ethereum (ETH) will be launched on May 28. ( Applications can be submitted starting April 8, with listing expected in May, subject to approval by the Financial Conduct Authority (FCA). Investors will need to […]

The cryptocurrency market continues to suffer losses after a strong performance last month and the first few weeks of this month. Bitcoin (BTC), the cryptocurrency with the largest market capitalization, recorded losses of nearly 7% in the middle of the trading day on Tuesday, and its price is hovering around $62,000 per unit. The fall […]