Bitcoin recently faced a significant rejection at the $62,498 resistance level, signaling a prevailing bearish dominance in the market. This failure to break through a critical threshold has raised concerns about potential downward trends and highlights the strength of selling pressure among traders and investors. As of the time of writing, the market capitalization of
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The recent strategic partnership between Oasys and Vortex Gaming, a subsidiary of Inven, signifies a significant move to broaden Oasys’ presence in the Korean gaming market. By collaborating with Vortex Gaming, Oasys aims to provide Vortex players with access to the latest blockchain-based games available on the platform. This partnership also grants Oasys access to
During the Bloomberg Investment Summit interview, SEC Chair Gary Gensler expressed optimism regarding the approval process for spot Ethereum ETFs. He emphasized the importance of asset managers making full disclosures to ensure the effectiveness of registration statements. While Gensler did not provide a specific timeline for when spot Ethereum ETFs would go live, he mentioned
The recent outflows in Spot Bitcoin ETFs have sparked concerns among investors, as they have now recorded seven consecutive days of outflows. These outflows, averaging around $100 million daily, have led to a total of $1.2 billion being pulled out from the funds so far. The correlation between these outflows and the decline in the
The ongoing lawsuit between Ripple Labs and the US Securities and Exchange Commission has been a subject of intense speculation and debate since it began in 2020. With the trial still ongoing, the outcome remains uncertain, leaving many investors anxious about the future of XRP. The central issue at hand is whether XRP should be
FTX has been granted approval by a US bankruptcy court to proceed with a liquidation plan that involves paying customer claims in cash, as reported by Reuters. This plan overrides objections from customers who argue for higher payouts due to the increase in crypto prices since FTX’s collapse in November 2022. Customer Concerns and Objections
In the world of blockchain gaming, the collaboration between Netmarble’s Marblex and Immutable has sparked excitement and innovation. At the core of this partnership lies Immutable’s zkEVM technology, a cutting-edge layer-2 Ethereum network that aims to enhance gaming experiences with its advanced features and capabilities. This technology offers numerous benefits over traditional blockchain platforms, particularly
In a promising turn of events for the cryptocurrency market, asset managers are eagerly anticipating the launch of new spot Ethereum ETFs, pending approval from the US Securities and Exchange Commission (SEC). Bitwise Chief Investment Officer (CIO) Matt Hougan has shared his insights on the potential of these ETFs, foreseeing significant inflows into the regulated
The crypto world is a vast and complex landscape, filled with technological advancements, regulatory changes, and pivotal shifts. One individual who has been able to capture the pulse of this market is Scott Matherson. With years of experience in the industry, Scott has become a prominent crypto writer at NewsBTC, known for his ability to
Bitcoin (BTC) has been facing a persistent downtrend, with the cryptocurrency hitting new local lows of under $59,000. The recent drop below $60,000 during the mid-hours of the United States Monday trading session marked a new local low of $58,500. This decline has been fueled by ongoing outflows from the U.S. spot Bitcoin exchange-traded fund
