Bitcoin traders see $70K BTC price as market trims Fed rate cut bets

In a filing with the New York State Supreme Court’s Appellate Division, New York Attorney General Letitia James roundly criticized the efforts of Bitfinex and Tether to halt her office’s investigation into the companies. Bitfinex and Tether are under investigation for an accounting coverup in which Bitfinex is alleged to have improperly transferred $625 million…

Over $2.7 billion worth of futures contracts got liquidated in the last 24 hours, based on data from Bybt.com. This caused the price of Bitcoin (BTC) to see a large drop in a short time frame as it plunged from over $41,000 to sub-$32,600.BTC/USDT 4-hour price chart (Binance). Source: TradingView.comWhy would mass liquidations cause Bitcoin…

MOEX is likely to do a great job in launching a crypto trading division due to its full compliance with the rules of the Bank of Russia, the official said. Russia continues sending mixed messages about the legal status of cryptocurrency, with a parliament official urging to launch crypto trading on the country’s largest stock…

Despite last week’s institutional Bitcoin outflows of $55 million, negative sentiment could be on the wane. 363 Total views 2 Total shares While key Bitcoin (BTC) metrics don’t paint a pretty picture, the bears could be running on fumes. Contrary to analysts warning that Bitcoin could dip to $38,000 “before an eventual breakout”, CoinShares and Arcane…

Jeremy Allaire, co-founder and CEO of payments company Circle, said that Facebook's Libra will run in a closed-loop permission scheme that has its own requirements for regulation during an interview with Bloomberg released on July 5.During the interview, Allaire pointed out that there are different stablecoin implementations distinct in their regulatory approach. He explained:“There’s a…

Stablecoin issuer Circle is moving forward with its public offering debut and plans to shift its headquarters to Wall Street in 2025.

During an interview with Bloomberg, Grayscale CEO Michael Sonnenshein said that in addition to hedge funds, pension funds and endowments had also started investing in the Grayscale family of products. This suggests that a broad spectrum of institutions are accumulating Bitcoin (BTC).As this trend gathers speed, investment banks have also decided that they do not…

Following the reported breach of Ethereum co-founder Vitalik Buterin's X (formerly Twitter) account, victims suffered losses exceeding $691,000 due to a malicious link that falsely promoted a free NFT. 338 Total views 1 Total shares Vitalik Buterin, co-founder of Ethereum (ETH) had his X (formerly Twitter) account compromised, which, according to social media reports, resulted