Winklevoss Brothers Bitcoin ETF Rejected By SEC for Second Time
The U.S. Securities and Exchange Commission (SEC) has once again rejected an effort by investors Cameron and Tyler Winklevoss to list a bitcoin ETF.
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Sam Bankman-Fried Can Contest Extra DOJ Charges, Bahamas Supreme Court Says
Additional charges levied against Sam Bankman-Fried in the U.S. face an extra delay, after a Tuesday Bahamas Supreme Court judgment allowed the FTX founder to judicially review the terms of his extradition from the Caribbean.Bankman-Fried has been under the legal spotlight after the collapse of his crypto exchange in November. After originally seeking his extradition…
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Ethereum Price Analysis: ETH Bulls Struggle to Overcome $4350 Resistance, What’s Next?
Key Support levels: $4,175; $3,850 Key Resistance levels: $4,350; $5,075 ETH’s price finds itself in a downtrend and this appears to be momentarily stopped by the key support level at $4,175. However the bears are putting extra pressure on price and if the bulls fail to hold here, it may lead to a breakdown again.…
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The Most Interesting Insights in OKX’s 12th Proof of Reserves Report
OKX has released yet another monthly Proof of Reserves (PoR), which reveals that the Seychelles-registered cryptocurrency exchange is over-collateralized with $12.5 billion in primary assets backing user funds. The latest disclosure marks a full year of PoR reports beginning right after the collapse of FTX. OKX’s Proof of Reserves (PoR) encompasses 22 widely-used digital assets
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These Are the Key Levels to Watch As BTC Broke Below $40K (Bitcoin Price Analysis)
Bitcoin’s price has been rejected from the 200-day moving average and is currently experiencing a sharp downtrend. The Daily Timeframe Technical Analysis By: Edris The 50-day and 100-day moving average lines printed a bullish crossover last week. However, instead of holding the price, BTC broke to the downside. These moving averages have also acted as…
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Analysis: Bitcoin Price Could Top $250,000 According to an Important Indicator
Bitcoin’s current bull run could continue for another 4x price increase, according to the Long-Term Holder MVRV metric, suggested Glassnode. Simultaneously, the network’s activity keeps escalating as the non-zero and 0.01+ accounts have both reached new all-time highs. Bitcoin to $250K and Beyond? The primary cryptocurrency has been on a bull run in the past…
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Bitcoin Climbs Above $84K, Adds Almost $20K in a Week
Bitcoin touched a record-high $85,000, TradingView data shows, as it extended its rally following the U.S. elections. Gold and the so-called magnificent seven tech stocks are underperforming. 02:04 Tesla Is Moving Bitcoin; Trump-Supported Token Falls Flat 01:31 Bitcoin ETFs Are "Trojan Horse for Adoption": Bernstein 01:22 Uptober Forming Amid Rising Stablecoin Liquidity and Bitcoin Transactions
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IRS, Ignoring Its Own Watchdog, Sends Letters About Crypto Taxes Once Again
Aug 25, 2020 at 22:16 UTCUpdated Aug 25, 2020 at 22:17 UTCThe IRS's Taxpayer Advocate Service says a group of letters the agency sent to taxpayers last year may have violated its own code. (Danny Nelson/CoinDesk)Undeterred by its own watchdog’s warnings, the Internal Revenue Service has once again begun sending crypto “soft letters” of disputed…
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Tesla Sold $936 Million of its Bitcoin Holdings in Q2
According to Tesla’s Q2 2022 earnings report released on Tuesday, the car manufacturer has sold almost all of its Bitcoin into fiat currency. The selloff netted the company an additional $936 million in cash for its balance sheet. As reads the report, Tesla “converted approximately 75% of [its] Bitcoin purchases into fiat currency,” as of…