The crypto financial services platform Matrixport has said it does not see the U.S. Securities and Exchange Commission approving any spot bitcoin exchange-traded fund in January. In its latest report, the crypto platform said it foresees the price of bitcoin dropping “back to the $ 36,000/$ 38,000 range.” Approvals Expected After January The …
The prosecutor’s office for Sofia, the capital city of Bulgaria, has dropped criminal proceedings against crypto lender Nexo. “The team of supervising prosecutors came to the conclusion that there was no evidence of committed crimes,” the authorities stated, adding that crypto assets are currently not financial instruments and their trading is not subject to regulation […]
Dunamu, the operator of the South Korean crypto exchange Upbit, recently said it had realized an operating profit amounting to $ 79 million in the third quarter of 2023. Virtual asset valuation losses contributed to the 81.6% drop in the operator’s net profit for the period. Operating Profit Down by Nearly 40% In …
Similar to bitcoin’s price, the second leading digital currency in terms of market cap, ethereum, is down on Monday, losing 3% against the U.S. dollar. Oscillating within a 24-hour range of $ 2,017 to $ 2,088, ethereum maintains a market capitalization of $ 243 billion. Current technical indicators offer a nuanced perspective …
In a significant move on Thursday, the U.S. Chamber of Digital Commerce, a leading crypto policymaking advocacy group, filed an amicus brief urging the U.S. Securities and Exchange Commission (SEC) to dismiss its lawsuit against cryptocurrency giant Binance. SEC’s Authority Questioned: Chamber of Digital Commerce Supports Binance Founded in July 2014 by Perianne Boring, the […]