The Cause of Bitcoin and Altcoin Decline Revealed: A Market-Shaking Development

In the evening hours yesterday, Bitcoin had a steep decline with its price sliding to roughly $68,000. Investors were concerned because everything looked good but then this sudden decline happened. Therefore what caused it? Why is Bitcoin Falling? The reason Bitcoin’s price dropped recently was because of better-than-expected non-farm payroll data print in the USA….

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Fidelity’s Ethereum Spot ETF Listed on DTCC

Following the SEC’s endorsement of the 19b-4 forms, the gradual progression toward listing funds on exchanges has begun. One of the major steps is to have listings at Depository Trust and Clearing Corporation (DTCC) such as Fidelity’s Ether spot ETF alongside BlackRock, VanEck, and Franklin Templeton products. Fidelity’s Significant Listing Fidelity which is one of…

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Gary Gensler Opposes Crypto Bill: Decades of Work at Risk

The discussion for cryptocurrency is getting hotter as the elections draw nearer, and SEC chairman Gary Gensler expresses his apprehension about FIT21. This new legislative document is set to be tabled before U.S. House Representatives tomorrow. Gensler heavily faults FIT21, saying that if implemented, it will sideline SEC and hurt the $100 trillion capital markets…

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El Salvador Generates 474 Bitcoins with Geothermal Energy

In recent days, reports unveil El Salvador’s venture into Bitcoin mining, leveraging geothermal energy. The nation, currently holding 5750 BTC, mined 474 Bitcoins since 2021 through geothermal means. Notably, El Salvador’s Bitcoin stash is valued at approximately $355 million. Embracing Bitcoin: El Salvador’s Progressive Move El Salvador’s embrace of Bitcoin as a legal tender alongside…

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Marathon Digital Announces $1.6 Billion Liquidity: Includes Bitcoin Holdings

Marathon Digital, a U.S.-based company, recently disclosed its quarterly figures. During the first three months of 2024, the company managed to mine 2,811 Bitcoins, valued at a staggering $176 million. Remarkably, the company unveiled possessing liquidity amounting to $1.6 billion, affirming the inclusion of Bitcoin within this substantial figure. Profits Surge as Marathon Digital Reveals…

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Ripple Labs’ Legal Battle with US SEC: A Progress Report

Ripple Labs has made great progress in its legal dispute with the United States Securities and Exchange Commission (SEC). Recently, the SEC entered the remedial process, providing its final response. Despite the court’s previous dismissal of Ripple Labs’ ‘fair notice’ defense, the SEC has looked into the blockchain startup’s claim that its conduct were not…

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