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While bitcoin today jumped more than 7% on a positive ruling regarding Grayscale’s attempt to convert its Grayscale Bitcoin Trust (GBTC) into a spot bitcoin ETF, Jeff Dorman, Chief Investment Officer at Arca, says the world’s largest digital asset will need a “significant catalyst” to break out of its range-bound
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The Segregated Witness soft-fork activated in 2017 was a technical prerequisite for the Lightning Network, which has in turn grown to a capacity that has unleashed a subsequent wave of innovation. Similarly, Taproot (activated in November 2021) sets the stage for another wave. Of note is Lightning Labs’ Taproot Assets
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Sega co-COO yawns at P2E gamesThe co-chief operating officer of Sega has called play-to-earn games “boring” amid the firm’s retreat from franchising some of its hottest properties to the blockchain gaming space.Bloomberg reported on July 6 that Shuji Utsumi, the co-COO of the gaming company behind Sonic The Hedgehog, said
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“Bitcoin’s going to be the boring old grandpa right now in the room,” Safai told CryptoX TV’s “First Mover” on Friday referring to why, during these uncertain economic times, bitcoin’s rally may be due to its simple, more familiar story. Source
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Bitcoin (BTC) stuck to a narrow trading range into April 7 as crypto analysts awaited the week’s main United States macroeconomic data.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView$30,000 or $25,000 for Bitcoin?Data from Cointelegraph Markets Pro and TradingView confirmed another day’s ranging around $28,000 for BTC/USD.The pair had shunned volatility
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The relief rally in the United States equities markets took a breather this week as all major averages closed in the red. Traders seem to have booked profits before the busy economic calendar next week.The S&P 500 index dropped 3.37%, but a minor positive for the cryptocurrency markets is that
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Perianne Boring, founder and CEO of blockchain advocacy group Chamber of Digital Commerce, placed the lack of approval of a Bitcoin exchange-traded fund in the United States squarely on Securities and Exchange Commission chair Gary Gensler, suggesting politics played more of a role than economics.Speaking to Cryptox at the Texas
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Following Elon Musk’s Boring Company’s announcement, it now allows consumers to pay using Dogecoin. As a result, DOGE has increased by 5% during the past day. But after that, it decreased by over 2%. However, it had a market value increase of almost $1 billion during the past 24 hours. With
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Bitcoin (BTC) retained new higher levels at the June 6 Wall Street open after BTC/USD snapped a nine-week losing streak.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewStocks could take BTC as high as $37,000Data from Cryptox Markets Pro and TradingView followed the largest cryptocurrency as it circled $31,500 on the back of
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