crypto market

BitGo CEO Mike Belshe expressed on Friday a cautious outlook for Bitcoin (CRYPTO: BTC) ETF approvals, anticipating further rejections. In an interview with Bloomberg, Belshe highlighted the evolving regulatory landscape, particularly the concerns of SEC Chair Gary Gensler regarding market...

The National Pension Service (NPS) of South Korea purchased a stake in Coinbase (NASDAQ: COIN), the largest virtual asset exchange in the U.S. What Happened: The NPS acquired approximately 282,673 shares, a $20 million (26.1 billion won) value. The deal marks the NPS’s first inclusion of...

A group of nine bipartisan U.S. lawmakers has appealed to the Treasury Department to reconsider its proposed digital assets taxation regime, expressing concerns that the current proposals, if implemented, could stifle innovation and adversely impact the digital asset ecosystem. The central...

Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam expressed concerns about the limitations of U.S. regulatory authority in preventing another major cryptocurrency market collapse similar to FTX’s downfall. Behnam's Remarks At Financial Markets Quality Conference 2023:...

The Chicago Mercantile Exchange (CME), a regulated entity, recently emerged as the foremost exchange for Bitcoin (CRYPTO: BTC) futures, surpassing Binance (CRYPTO: BNB) for the first time in two years. This shift is particularly noteworthy as the cryptocurrency sector continues to evolve, a topic...

Crypto observers expect a significant uptrend in altcoins, particularly focusing on a "rage pump" for certain digital assets. The term "rage pump" used by pseudonymous analyst Bluntz refers to a rapid and significant increase in the price of a cryptocurrency. This development...

In a move that signals growing institutional interest in cryptocurrency, BlackRock Inc. (NYSE: BLK), the global investment management colossus, has taken a step toward launching an Ether exchange-traded fund.  The firm submitted the required 19b-4 form late Thursday afternoon ...

Blockchain-focused venture capital firm Lightspeed Faction announced on Thursday the launch of its first $285 million venture fund called Faction, which will invest primarily in early-stage blockchain projects and serve as a long-term capital partner as these projects scale. This...

Ripple (CRYPTO: XRP) is prepared to take its legal battle with the Securities and Exchange Commission (SEC) over the XRP crypto token to the Supreme Court. That's according to Ripple CEO Brad Garlinghouse, citing how the company has already spent over $150 million on legal defenses. The SEC and...

Crypto whales are accumulating Ethereum-based altcoin Tellor (CRYPTO: TRB), according to analytics firm Santiment. The altcoin has seen a staggering increase of over 1,000% in just three months, with its price soaring as high as $131. This development comes just ahead of Benzinga's Future of...

BlackRock Advisors, a division of asset management giant BlackRock (NYSE: BLK), registered an iShares Ethereum Trust in Delaware, according to a filing on Thursday. This move came after BlackRock’s announcement earlier this year of its filing for a spot Bitcoin (CRYPTO: BTC) ETF...

JPMorgan (NYSE: JPM) analysts have cast doubt on the recent crypto market surge, describing it as “overdone.” They attribute the rally to two main factors: the potential approval of a spot Bitcoin (CRYPTO: BTC) ETF in the U.S., and recent legal victories for the crypto industry. However...

SEC Chair Gary Gensler has expressed that a revived FTX (CRYPTO: FTT) could operate successfully under new leadership, provided it adheres to the law. This comes amid reports that Tom Farley, former president of the New York Stock Exchange, is among the top contenders to acquire the bankrupt crypto...

Bitcoin (CRYPTO: BTC) is headed toward a phase where the cryptocurrency could be confined within a specific price corridor. According to crypto analyst Cryptonary, the backdrop of the market's current scenario has been painted by the Federal Reserve's latest remarks, which have injected a...

Drawing parallels between today's cryptocurrency landscape and the financial markets of the 1920s, SEC Chair Gary Gensler has called for heightened disclosures to protect investors. Gensler, speaking at the DC Fintech week, referenced Franklin D. Roosevelt's Truth in Securities Act,...