Bitcoin short-term holders ‘over-reaction’ a factor in BTC’s drop below $50K — Glassnode

Crypto lender Genesis Global has become the latest firm to throw in the towel following the collapse of FTX, filing for Chapter 11 bankruptcy protection in New York. 1109 Total views 11 Total shares Own this piece of history Collect this article as an NFTCryptocurrency lender Genesis has filed for Chapter 11 bankruptcy in the…

The Iranian government will be cutting off power to crypto mining until new energy prices are approved, according to a report by local news agency Iran Daily on June 24.Mostafa Rajabi Mashhadi, an official at Iran’s Ministry of Energy, reportedly revealed that the country has seen a 7% spike of electricity consumption over a monthly…

Law firm Covington & Burling have denied allegations by Steven Nerayoff, calling his lawsuit “meritless” and vowing to “vigorously” fight it.

The FIFA World Cup in Qatar is boosting the value of national soccer team fan tokens despite the cryptocurrency bear market.World Cup Qatar hype boosts fan token pricesThese digital fan tokens are currently rallying despite the cryptocurrency market downturn, securing up to 170% gains from the Nov. 10 lows. At the core of the massive uptrend is the…

If Bitcoin (BTC) was born in response to the systemic failures laid bare by one global financial crisis, then the subsequent rise of various decentralized networks can be seen as differences in opinion on the best way forward. All are in agreement that the existing financial system is broken, but are slightly at odds in…

The strength of Bitcoin's (BTC) uptrend appears to be growing as the top-ranked digital asset soared above $40,000 earlier today. It's probably safe to say that many investors are completely astounded by the fact that BTC has doubled its value only a month after breaking through the $20,000 mark. This suggests that the buying has continued…

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What is the Howey test?The Howey test is a legal test used in the United States to determine whether a transaction qualifies as an investment contract and, thus, is considered a security under federal law. The test was established by the U.S. Supreme Court in SEC v. W.J. Howey Co. (1946), and it has since…