Bitcoin poised for $150K ‘batshit season’ but sellers could dent rally

Since 2013 the Grayscale Bitcoin Trust Fund (GBTC) has offered its investors exposure to Bitcoin (BTC) through a publicly quoted private instrument. However, the trust's convertibility and liquidity vastly differ from an Exchange Traded Fund (ETF).Trusts are structured as companies, at least in regulatory form, and are 'closed-end funds' which can initially only be sold…

Blockchain-based games need to spend more time actually being “fun to play” rather than developing flashy tokenomics, an Animoca Brand-owned blockchain game developer told Cointelegraph.Speaking to Cointelegraph on the first day of the 2022 Tokyo Games Show, Luke Sillay, the lead community manager at Australia-based game developer Blowfish Studios said that far too many blockchain games…

Bitcoin (BTC) recovered to $38,000 as Wall Street opened on Feb. 22 amid a tense atmosphere over geopolitical instability. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin tiptoes around macro cuesData from Cointelegraph Markets Pro and TradingView showed an eerily calm start to the first Wall Street session of the week for both stocks and crypto.Fears of a…

Bitcoin (BTC) went on to hit its highest level since Jan. 2 on Monday's Wall Street open as its latest bull run kept up the pace.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC dip nonessential but "would be healthy"Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $47,900 on Bitstamp, just $100 away from a new…

Following the Jan. 12 raid on its Sofia offices, Nexo described prosecutors’ actions as a “kick first, ask questions later” approach. 377 Total views 18 Total shares Own this piece of history Collect this article as an NFTLess than 48 hours after a raid on cryptocurrency lender Nexo’s offices in the Bulgarian capital of Sofia,…

Coronavirus lockdowns caused the global event organizer to take a new direction, launching a record label and selling digital art. 1960 Total views 11 Total shares International party brand Space Yacht is preparing to drop its second collection of nonfungible token artworks on the Nifty Gateway marketplace on Wednesday.Titled the “Space Yacht Iconography Collection,” the NFTs feature…

Cryptocurrency hardware wallet manufacturer Ledger has reignited an old feud with competitor Trezor, in a blog post dated Feb. 13 highlighting the claimed benefits of its internal Secure Element chips. Trezor co-founder and CEO of SatoshiLabs, Marek “Slush” Palatinus, hit straight back, in a tweet accusing the post of being “dishonest” and not telling the…

Taiwan-based smartphone maker HTC will launch a limited edition of the Exodus 1 featuring services by major global crypto exchange Binance. The Binance Edition Exodus 1 supports the Binance public blockchain, Binance Chain, as well as its decentralized counterpart Binance DEX, the firms announced Nov. 12.Exodus 1’s native crypto wallet is integrated with Binance DEXHTC…

The securities regulator said it would make a recommendation within 120 days on Coinbase’s rulemaking request, but says the action has “no merit.” 488 Total views 44 Total shares The United States securities regulator has asked for four more months to provide a response to Coinbase’s request for crypto regulatory clarity.In a June 13 letter…