Bitcoin had a rough start to October, a month that’s usually good for the cryptocurrency. Geopolitical tensions in the Middle East are partly to blame. But some people still think Bitcoin will recover later this month. A Rocky Start October is historically Bitcoin’s best month, with an average gain of 21.2%. But this year, things…
Nvidia, the tech giant known for its graphics cards, is facing a major legal battle. The US government is backing a class-action lawsuit against the company, claiming they misled investors about their reliance on cryptocurrency mining revenue. Government Steps In to Support Investors The Department of Justice and the Securities and Exchange Commission (SEC) have…
Mark Cuban, the billionaire investor and crypto enthusiast, is not happy with the SEC’s approach to regulating the crypto industry. He believes the SEC’s crackdown is pushing companies overseas and ultimately harming the industry. “Regulation by Litigation” is a Disaster Cuban argues that the SEC’s “regulation by litigation” approach is causing more harm than good….
Dogecoin took a tumble recently, joining the rest of the crypto market in a downward spiral after Bitcoin dipped below $60,000. This was fueled by rising tensions in the Middle East, with the threat of war looming. While many investors panicked, some saw this as a golden opportunity. Whales Go Shopping Big-time Dogecoin investors, known…
Ethereum (ETH) has been on a rollercoaster ride lately. After hitting a high last week, it’s dropped 10.3% and analysts are worried it could be headed for another correction. Whales Dumping ETH The recent downturn has been fueled by some big players selling off their ETH. One whale, who had been inactive for two years,…
Wall Street’s biggest banks are predicting a golden future for gold. JPMorgan Chase, Bank of America, and five other financial giants are all bullish on the precious metal, expecting it to reach record highs by 2025. Why the Gold Rush? The experts believe several factors will fuel gold’s climb: Interest Rate Cuts: The Federal Reserve…
Crypto giant Grayscale is adding another asset to its portfolio with a new trust focused on the decentralized finance (DeFi) protocol Aave. This trust will invest solely in Aave’s native token, AAVE, and operates similar to Grayscale’s other single-asset trusts. Aave: Revolutionizing Finance? Aave, launched in 2017, aims to create a decentralized platform for lenders…
Crypto asset manager Bitwise is on a roll, filing for its second crypto ETF this week. This time, they’re aiming for a unique product called the Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF (BITC). What’s BITC? BITC is a smart move, aiming to capture the upside of Bitcoin while hedging against its wild price…
Binance, the world’s largest cryptocurrency exchange, saw its market share plummet in September, reaching its lowest point in four years. Binance’s Sinking Ship According to blockchain tracker CCData, Binance’s share of the derivatives market dropped to 40.7% in September. This is the lowest it’s been since September 2020. The exchange’s overall market share, including both…
October 2023: A Turning Point for Bitcoin Remember last October? Bitcoin took a dip at the beginning of the month, but then it exploded! It rallied for months, reaching a new all-time high. This October, Bitcoin seems to be doing the same thing. Deja Vu: October 2024 This October, Bitcoin started strong, but then took…
