Bitcoin is enjoying “good consolidation,” a popular analyst says, as bets on further BTC price upside coming next multiply. Bitcoin (BTC) bulls fought for $31,000 on July 4 as a United States market closure offered the chance for volatility. BTC/USD 1-hour chart. Source: TradingView Bitcoin price “getting ready to rip higher” Data from Cointelegraph Markets...Continue Reading

Seven institutional firms have filed for a spot Bitcoin ETF in the U.S., including the world’s largest asset manager BlackRock, driving optimism and higher Bitcoin prices. With the Bitcoin (BTC) halving event less than a year away, several financial giants have filed applications for a spot Bitcoin exchange-traded fund (ETF) — a scenario last seen...Continue Reading

The Chinese government has announced that it plans to control the export of gallium and germanium products that are heavily used to produce semiconductors. The Chinese government has announced plans for export controls on metals predominantly used to manufacture semiconductors used in the development of artificial intelligence (AI) systems. On July 3, the Chinese Ministry...Continue Reading

Voyager is not the only crypto firm incurring hefty legal fees; FTX, for example, has been billed over $120 million in fees. New York-based law firm McDermott Will & Emery filed for compensation of $5.1 million from the creditors of bankrupt crypto brokerage firm Voyager Digital. The bill is for legal services offered between March...Continue Reading

The Chinese city of Jinan is making a push for CBDC adoption by implementing digital yuan payments across its entire bus network. Jinan, the capital of eastern China’s Shandong Province, has begun encouraging the adoption of the country’s central bank digital currency (CBDC) program by introducing the acceptance of digital yuan payments across all its...Continue Reading

Animoca Brands founder Yat Siu believes Hong Kong’s efforts to foster the Web3 ecosystem is in stark contrast to regulatory uncertainty hampering development in the United States. Industry experts believe Hong Kong’s shifting attitude towards blockchain technology, cryptocurrencies and Web3 could entice businesses away from the United States. The city has made a series of...Continue Reading

In an open letter, Cameron Winklevoss slammed DCG’s Barry Silbert for allegedly playing the victim card while owing $1.2 billion to Gemini’s 232,000 Earn customers. Crypto exchange Gemini founder and CEO Cameron Winklevoss is again threatening to sue Digital Currency Group and its CEO Barry Silbert over delays in the resolution of Genesis for its...Continue Reading

Merkle Science CEO Mriganka Pattnaik has offered a “contrarian” take, explaining that crypto firms won’t be vanishing from the United States anytime soon. Despite recent narratives suggesting differently, the United States won’t be losing its allure as a crypto hub, according to the CEO of blockchain analytics firm Merkle Science. A swathe of hostile regulatory actions...Continue Reading

The floor prices for some of the largest NFT collections sunk to nearly two-year lows, but have started to edge up in the past 24 hours. ‘Blue chip’ floor prices near two-year lows The largest nonfungible token (NFT) collections by market capitalization are in a sea of red as the cheapest NFTs in their collections...Continue Reading

Bitcoin investment products have experienced $310.6 million in inflows over the last two weeks. Bitcoin (BTC) has been the “primary focus” for institutional investors over the last two weeks, according to Coinshares, as the cryptocurrency continues to hit new prihighs for 2023. In a July 3 report from CoinShares’ Head of Research James Butterfill, the...Continue Reading