Bitcoin reclaims $62K, analysts say worst is ‘likely behind us’

Bitcoin’s crabwalk could extend into September, as Mt. Gox and the US government threaten to add nearly $15 billion worth of additional selling pressure.

In early September 2023, the US Financial Accounting Standards Board (FASB) finally approved the commonly accepted accounting practice of mark to market accounting to apply to corporations and businesses holding crypto digital assets. Previously, companies like Microstrategy and Tesla needed to file crypto digital assets as intangible assets like goodwill and Intellectual Property (IP). If the

$2.5 million private funding round will be used to develop first "mass-market" digital collectibles platform. 1968 Total views 22 Total shares Digital collectibles platform Terra Virtua announced Nov. 4 that it had completed a $2.5 million private funding round, attracting support from funds such as Woodstock, NGC Ventures, and AU21 Capital.The investment raised will be…

Genesis will no longer be involved in GBTC's main operations, but will still act as a liquidity provider. 123 Total views 8 Total shares According to a recent filing with the U.S. Securities and Exchange Commission (SEC), Grayscale Bitcoin Trust has terminated two agreements with cryptocurrency broker Genesis. First, Genesis will no longer assist Grayscale…

FIT21’s bipartisan support suggests a potential shift in U.S. crypto policy, while investors are focused on long-term trends despite political uncertainty.

What started as a joke to celebrate April Fools Day has become yet another sign of a frothy, overeager market as a bonding contract designed to sell baseball cap vouchers sold 468 hats in just a few hours, raising over $100,000 and bumping the price per hat to $3700.Solana-based decentralized finance, or DeFi, platform Mango…

Russian crypto advocates are already collaborating with a consortium including some of China’s largest crypto mining-related companies. 428 Total views 7 Total shares A major cryptocurrency and blockchain association in Russia is launching a project to bring global crypto mining operations to the country amid a Chinese crypto mining crackdown.The Russian Association of Cryptoeconomics, Artificial…

Both regulatory bodies are inquiring into the activities of Goldman Sachs during its unsuccessful capital raise preceding the downfall of Silicon Valley Bank. 273 Total views 3 Total shares Goldman Sachs is currently facing scrutiny from the Federal Reserve and Securities and Exchange Commission (SEC) regarding its involvement in the purchase of Silicon Valley Bank’s securities…

Exchange inflows gauge potential selling pressure, with high inflows suggesting high sell pressure and low inflows suggesting low pressure.