Author: Alyz Garsia

Coinbase’s lawsuits claim that the SEC and FDIC have not provided requested information regarding Ethereum’s shift to PoS in response to FOIA requests. On June 27, Coinbase sued the SEC and the FDIC for failing to meet legal reporting requirements on regulation. The report from FoxBusiness indicates that the lawsuits allege that the SEC and FDIC failed to honor FOIA requests filed in the U.S. District Court in the District of Columbia. Coinbase’s lawsuits claim that federal agencies are seeking to exclude the crypto industry from the banking sector. Coinbase Questions Federal Authorities about Compliance with FOIA The FOIA requests…

More than half, or 54% of institutional investors in Japan, plan to invest in cryptocurrencies within the next three years due to high returns and diversification of their portfolio. More than 50% of the institutional investors in Japan will establish operations in the crypto space by 2024. On June 24, Nomura Holdings, a Japanese financial giant, and Laser Digital, its digital asset subsidiary, released the results of the “Institutional Investor Survey on Digital Asset Investment Trends.” The survey was conducted on 547 investment managers, which included institutional investors, family offices as well and public-service corporations. The survey was designed to…

Large investors have been selling U. S. spot Bitcoin ETF products, which is evident in net redemptions of $714 million for the last five trading days, as observed from the SoSovalue platform. Yesterday, the net withdrawal reached $174 million, which followed the news that Mt. Gox creditors will start receiving repayments next week, with Grayscale’s GBTC fund at $90 million and Fidelity’s FBTC fund at $35 million. BTC has been trading a little over the $60k level, going as low as $59,086 before it started rising again, and is at $60,770 at the time of writing. Even though, due to…

Brollups can manage over 90% of financial needs from selling NFTs and trading decentralized exchanges as per Bitcoin developers. The inventor of Bitcoin, known for spotting a problem in the Lightening Network that required an urgent update in 2022, is now building an extra layer for the crypto. The main aim of this layer is to enable more decentralized financial operations on the Bitcoin network. Burak released “Brollups, ” the inventor of Bitcoin and the creator of a competitor to Lightening Network called Protocol last year. Buraik while explaining said that Broller is a layer 2 technology for Bitcoin that…

Although Bitcoin is showing signs of balance, altcoins are slow and careful in their push for recoup after volatile market performance. Today, the cryptocurrency market looks green as the majority of the coins are in a quest to bounce back from fluctuations that occurred in the recent past. Although there are signs of improvement over the past 24 hours, it is difficult to completely throw caution to the wind as global markets continue to linger in the uncertainty of whether the worst of the downturn is yet to come. Bitcoin Holds Firm at $64K: Stabilizing and strengthening the companies’ position…

On June 22, BtcTurk, a major crypto exchange in Turkey, experienced a cyber attack compromising 10 hot wallets. This incident led to a notable 10% decrease in Avalanche (AVAX) tokens, amounting to approximately $54.2 million in sales. While assurances were made about the safety of user assets, the breach underscores ongoing security challenges in the crypto industry. However, specific details regarding the affected assets or the total amount stolen have not been disclosed. BtcTurk Hack Triggers $54 Million Sell-off of Avalanche’s AVAX BtcTurk assured users on its status page that the recent hack did not compromise their crypto holdings, highlighting…

Although the quantity of Bitcoin miners have on their balance sheets is at its lowest point since February 2010. The value of their reserves in fiat currency is almost at an all-time high. Miners are currently holding the least amount of Bitcoin in more than 14 years, based on data from IntoTheBlock. Miner reserves decreased from 1.95 million Bitcoin (BTC) at the start of the year to 1.90 million BTC as of June 19. Miners hold the smallest amount of Bitcoin since February 2010. Head of research at IntoTheBlock Lucas Outumuro predicts that as time goes on, miners will hold…

According to the Bitcoin price model, BTC may fall below $64,000 before moving on to its parabolic phase in the current bull run. Based on the analysis of price clusters above $71,600, Bitcoin’s recent drop to $65,745 indicates a potential for further correction; the question remains: where will Bitcoin bottom before the parabolic phase commence? Bitcoin Price Clusters Above $71. 6K Suggest Likely Correction Soon Bitcoin’s price oscillations around key levels, such as $71.6k, may portend further downturn, according to Rekt Capital. Bitcoin rose to $71,949 on June 7 and then dropped to $65,393, thus a 5. 7% weekly depreciation…

Dogwifhat (WIF), a Solana emerging meme coin, goes against the crypto market trend by rising by an astonishing 5% and breaking the slump in the market. The cryptocurrency market is calm at the moment, with Bitcoin and Ethereum remaining unchanged and affecting other assets. Some of the currencies are in the red zone indicating that their prices have declined in the last day’s trade. In the last week, Dogwifhat appeared to have a relatively large price rise despite a weak market. WIF has been on the rise ever since it reached its lowest point, which is $2. 20 during Friday’s…

According to Eric Balchunas, an ETF analyst for Bloomberg, spot Ethereum ETFs will likely begin trading in the US before July 2. ETFs tracking Ethereum (ETH) may begin trading in the US by July 2, based on the report by Eric Balchunas, Bloomberg’s ETF expert, with ticker symbols now trading at $3,546. “We are moving up our over/under date for the launch of spot Ether ETF to July 2nd,”  Balchunas penned in a June 15 post on Twitter that the SEC officials left the ETF applicants’ S-1 applications with very few remarks, asking that they be returned the following week.…