CEO Drops Bombshell Why Bitcoin Price Is Muted Post-ETFs
Despite the landmark launch of spot Bitcoin Exchange-Traded Funds (ETFs) spearheaded by industry behemoths BlackRock and Fidelity—ranking among the top five ETF launches in their initial month of all time—BTC’s price response has been notably subdued. Prior to the launch of these EFTs, BTC soared to a peak of $49,040 on January 11. Fast forward […]
Texas Blockchain Council, Crypto Miner Riot Platforms Sue DOE, OMB Over ‘Emergency’ Survey
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Kraken Challenges SEC Lawsuit as Regulatory Overstep
Cryptocurrency exchange Kraken has filed a motion to dismiss the lawsuit brought forth by the US Securities and Exchange Commission (SEC). The lawsuit, initiated following Kraken’s vocal testimony before Congressional committees, has ignited a debate about the boundaries of regulatory authority. etoro: Experience a reliable, user-friendly platform trusted by millions. Stay ahead in the crypto […]
Ethereum Price At Make-or-Break Levels, Can ETH Surge To $3,200?
Ethereum price is struggling below the $3,030 resistance. ETH is consolidating and might start a downside correction below the $2,930 support. Ethereum struggled to stay above the $3,000 level and corrected lower. The price is trading above $2,930 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at […]
European Central Bank Officials’ Statement on Bitcoin’s Failed Promise and ETFs
Moreover, it seems wrong that Bitcoin should not be subject to strong regulatory intervention, up to practically forbidding it. The belief that one is protected from the effective access of law enforcement authorities can be quite deceptive, even for decentralised autonomous organisation (DAO). DAOs are member-owned digital communities, without central leadership, that are based on […]
The real story of the SEC’s suit against Kraken, and why Kraken is moving to dismiss the case
On the morning of May 10, 2023, Kraken testified about the SEC’s overreach in crypto before both the House Financial Services Committee and the House Agriculture Committee. Kraken testified that current laws do not adequately cover the digital asset industry, and that Congress could do more to put in place a set of rules to […]
Texas Crypto Company Lejilex Throws Down Gauntlet against SEC
A Texas-based cryptocurrency company, Lejilex, in conjunction with the Crypto Freedom Alliance of Texas (CFAT), launched a legal challenge against the US Securities and Exchange Commission (SEC) on Wednesday. The lawsuit, filed in federal court in Fort Worth, asserts that the SEC has exceeded its regulatory boundaries by asserting jurisdiction over digital assets traded on […]