Blog – Page 426

SEC’s Case Against A Spot Bitcoin ETF Has Weakened- Grayscale CEO

Grayscale CEO Michael Sonnenshein said the SEC’s argument against an exchange-traded fund (ETF) that directly tracks Bitcoin has “significantly weakened. He cited the regulator’s recent approval of a Bitcoin futures ETF as a key factor behind his reasoning. The U.S. Securities and Exchange Commission on Wednesday allowed fund managers NYSE Arca and Teucrium to issue an ETF tracking Bitcoin futures, the fourth such approval. Grayscale, VanEck, and Valkyrie are the other three operators of their own ETFs. But the regulator has...

Mark Zuckerberg Planning Virtual Currencies for Metaverse, team working on “Zuck Bucks”

Last year, Facebook rebranded itself as Meta suggesting its biggest shift into the world of Metaverse. As per the latest news, Meta Inc (NASDAQ: FB) is planning to introduce virtual coins, tokens, and lending services to its apps. As per the report from Financial Times, Meta chief Mark Zuckerberg is exploring alternative revenue streams to attract and retain users. The company’s financial arm – Meta Financial Technologies – is looking to introduce a virtual currency to its Metaverse. As per people...

Double Top Pattern Leads SHIB Price Back To 0.0000228 Mark

The Shiba Inu(SHIB) price recently spilled 15% from the overhead resistance trendline ($0.0000285) as traders continue to respond to a symmetrical triangle pattern. Yesterday( April 6th), the crypto market experienced a sudden sell-off as the largest crypto currency-Bitcoin lost its crucial support of $45000. As a result, the altcoins responded with similar action, and the SHIB price also breached its $0.000025 support.

Key points:

The symmetrical triangle pattern governs the SHIB/USDT pair The daily-RSI indicators surpass their previous swing high The intraday trading...

Cardano ($ADA) Foundation Is Partnering With ‘One of the Leading Research Universities in Europe’

The Cardano Foundation, a non-profit organization custodian of the Cardano ($ADA) blockchain, has partnered with the Blockchain Center of the University of Zurich, “one of the leading research universities of Europe.” According to an announcement, the partnership is meant to explore the “development of blockchain education and research...

Unbanked Announces Support for Stacks’ STX Token

Key Takeaways

Unbanked announced a new integration with Stacks today that will enable users to spend STX tokens with their Unbanked debit cards. Users in four continents will now be able to use Stacks' STX token to make purchases. The announcement was made at the Stacks Summit event in Miami, Florida, which coincides with the world's largest Bitcoin conference.

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Unbanked announced support for the Stacks network today. Unbanked allows users to spend crypto from debit accounts and maintains the...

SAND Price Signals Buy Opportunity

Over the last two weeks, the Sandbox(SAND) price formed a short consolidation zone, stretching from $3.64 to $3.32. Amid the uncertainty in the crypto market, the sellers took the major lead and dumped the altcoin below the range support. Losing this local support, the sellers tend to sink the coin back to the $2.68 support.

Key points:

SAND buyers lost the 20-and-50 DMA support. The MACD indicator triggers a bearish crossover The intraday trading volume in SAND price is $719 Million, indicating a...

Taro, Issue & Send Any Asset Through Bitcoin’s Lightning Network. Do We Need It? –

The Taro protocol is the first big announcement to come out of the Bitcoin 2022 conference. With “bitcoinizing the dollar” as its target and Lightning Labs behind it, the news blew up in Bitcoin-Twitter after being strategically released the night before the event of the year kicks off. Nevertheless, notice that Taro is just a proposal so far. It has a long way to go before becoming a reality. If approved, this technology will allow any asset, especially stablecoins, to...

Miami Unveils Wall Street Bull Clone Ahead of Bitcoin 2022

Miami Unveils Wall Street Bull Clone Ahead of Bitcoin 2022 Source link

Michael Saylor Reveals Why He Chose Bitcoin Over Gold

Adding Bitcoin to their balance sheet has been highly rewarding for institutions that have gone that way. Michael Saylor, the CEO of MicroStrategy, has said that his company has no regret in choosing Bitcoin over gold

Bitcoin is better for MicroStrategy than gold could have been

According to Bloomberg Intelligence’s James Seyffart, Saylor made the statement while speaking in a Bloomberg warm-up event for the Bitcoin 2022 conference which kicks off today, April 6. In a tweet, Seyffart quoted Saylor...

Bitcoin ($BTC) Can Weather Potential Loss of $UST Peg, Says Terra’s CEO Do Kwon

Do Kwon, the founder of Terraform Labs, which powers the Terra ($LUNA) blockchain, has said he believes the Bitcoin ($BTC) market is liquid enough to handle a potential loss of Terra’s flagship stablecoin $UST. In an interview with Bloomberg Quicktake, Do Kwon said that “people need to have...