Bitcoin traders eye bear trap as BTC price hits 10-day high of $60.4K

The Economic Development and Trade Ministry of Ukraine has initiated a “state policy” for the classification and legalization of crypto-related activities, Ukrainian state information and news agency Ukrinform reported Oct. 26.The Ministry has reportedly issued an official press release stating that its purpose is to “create understandable conditions for conducting activities in the field of…

The United States Securities Exchange Commission might be investigated for a "haphazard and heavy-handed approach to digital assets.” 196 Total views 2 Total shares The United States Securities Exchange Commission (SEC) could be investigated for a "haphazard and heavy-handed approach to digital assets,” or, more specifically, for its “sweetheart deal” with crypto platform Prometheum. Such requests…

Grayscale Investments’ GBTC might be the absolute market leader but it is currently trading below fair value as the TSX Purpose Bitcoin ETF is seeing record inflows. 1381 Total views 7 Total shares Grayscale Bitcoin Trust ($GBTC) is currently the largest listed cryptocurrency asset with $30.17 billion in assets under management. The firm currently holds…

Biotechnology company turned mining firm Riot Blockchain reported a 2018 net loss of about $58 million in its financial report released on April 2.Per the report, the company’s net loss was primarily attributable to the noncash aggregate impairments, depreciation, amortization and stock-based compensation expenses amounting to about $45.2 million. The company also reportedly generated about…

Franklin Templeton executive Sandy Kaul said in a report that a pathway to reengineering the global financial markets can be seen for the first time. 110 Total views 8 Total shares Major financial firms like JPMorgan and the Hong Kong and Shanghai Banking Corporation (HSBC) have ramped up their blockchain-related activities heading into 2024, accelerating

California-based asset manager Reality Shares has become the latest competitor in the Bitcoin hedge fund space, an anonymous source told Business Insider August 15. Reality Shares, which became known in the cryptocurrency space this year after launching the first Chinese blockchain ETF in June, has reportedly already attracted $25 million for the fund. Capped at…

The two founders of the now-defunct Bitcoin cloud miner HashFlare have been arrested in Estonia over their alleged involvement in a $575 million crypto fraud conspiracy.HashFlare was a cloud mining company created in 2015, which purported to allow customers to lease the company's hashing power in order to mine cryptocurrencies and gain an equivalent share…

Although sentiment drives prices in the short-term, fundamentals play a major role in determining long-term price action. However, many times, the price follows fundamentals higher with a lag. The crypto markets have an uncanny ability to surprise analysts by moving opposite to the general perception.As the year draws to an end, the focus will shift…