Blackrock Resumes Bitcoin Buying, $70K Breakout Next?
This move reflects BlackRock’s belief in the long-term potential of digital assets, particularly Bitcoin, which it views as a hedge. Following the purchase of an extra 529 Bitcoin and 2,420 Ethereum, BlackRock has boosted its exposure to the cryptocurrency market. BlackRock now possesses 359,606 Bitcoins, which are projected to be worth $22.82 billion, and 350,000 […]
US SEC Wins as Judge Rules Crypto ‘Boxes’ as Securities
US SEC has accused Green United of running a fraudulent operation by raising $18 million from investors through the sale of these devices. The Securities and Exchange Commission (SEC) has been successful in having a federal court in the United States of America rule that cryptocurrency mining machines are securities. The Securities and Exchange Commission […]
Coinbase Unveils Vital Announcements On ZK, WELL
Coinbase introduced a phased trading mode for both coins, starting with auction and limit-only modes, eventually enabling full trading for WELL. Wednesday was the day that the cryptocurrency exchange Coinbase made important news regarding the ZKsync (ZK) and Moonwell (WELL) currencies. The implementation of the CEX’s simplified, increased trading functionality for the indicated coins generated […]
Telegram Wallet Temporarily Suspended for UK Users Amid Restructuring
Telegram users in the United Kingdom are also barred from using the platform’s in-app wallet due to financial regulations. Telegram Wallet will be temporarily restricted for users in the United Kingdom due to a corporate restructuring. According to a Sept. 25 announcement, the wallet will be available again after the company registers as a crypto […]
Chinese Investors Turn to Bitcoin Amid Economic Struggles
These steps are seen as positive for Bitcoin suggesting Chinese investors view crypto as a viable option for preserving wealth. Bitcoin and other cryptocurrencies are becoming more attractive to Chinese investors as the country’s economy struggles. This can be seen in the inflows that the over-the-counter (OTC) cryptocurrency brokers in the country are seeing, as […]