nticipation of Spot Bitcoin ETF Approval Influences Cryptocurrency Market

The cryptocurrency market, especially Bitcoin, has been affected by unconfirmed expectations of the approval of spot-based exchange-traded funds (ETFs). While Bitcoin has outperformed other cryptocurrencies, this outperformance may be partially due to the market anticipating the approval of spot Bit ...

Gemini and Genesis Seek Dismissal of SEC Lawsuit Against Gemini Earn

Crypto exchange Gemini and cryptocurrency lender Genesis Global Capital have asked the court to dismiss the U.S. Securities and Exchange Commission's (SEC) permanent injunction against Gemini Earn. Gemini and Genesis argue that the Gemini Earn program should not be classi ...

TradeBlock, Brokerage Subsidiary of Digital Currency Group, to Cease Operations

Digital Currency Group (DCG) announced the closure of its brokerage subsidiary, TradeBlock, which will cease operations on May 31 due to the uncertain regulatory environment. TradeBlock provides institutional investors with trading and brokerage services. The company is ...

ChatGPT Forecasts “Massive Bull Race” for Bitcoin Following 2024 Halving

Forming a response to a query from crypto-industry experts about the possible movement of bitcoin value at the time of the coming halving. The popular ChatGPT chatbot predicted that this event would be the catalyst for a "massive bull rac ...

Winklevoss Twins Plan to Open Crypto Exchange Gemini Headquarters in UK Due to US Hostility

Tyler and Cameron Winklevoss, the twin brothers who founded the cryptocurrency exchange Gemini, said they plan to open a headquarters in the UK because of U.S. hostility toward cryptocurrencies. Tyler, Cameron Winklevoss said they met with officials from the U.K. Financial ...

Bakkt Eyes European Market Entry Following MiCA Cryptocurrency Regulation

American regulated cryptocurrency platform for institutional investors Bakkt is interested in entering the European market after the passage of the MiCA cryptocurrency regulation law. Bakkt product director Dan O'Pray said that Bakkt is looking positively at the development ...

Jordan Peterson Advocates Bitcoin as an Alternative to Central Bank Digital Currencies

Canadian psychologist Jordan Peterson called BTC the only alternative to money in a world dominated by central bank digital currencies and suggested storing IQ test information in a Bitcoin blockchain. Jordan Peterson, a well-known Canadian psychologist and political comm ...

Bermuda Emerges as a Crypto Business Hub with Clear Regulations and Prime Minister’s Support

The island state offers clear and precise rules And the prime minister has become a frequent visitor to crypto forums The island of Bermuda is well on its way to becoming the new center of the crypto business. This island nation has been developing an offshore in ...

Binance Withdraws from Canadian Market Due to Regulatory Environment

Binance, the largest cryptocurrency exchange, said it is joining other prominent cryptocurrency firms and "proactively" withdrawing from the Canadian market. This is due to the regulatory environment in the country. Representatives ...

US Litecoin VISA Cards Will No Longer Be Available From May 1st, 2023

The Litecoin Foundation has recently announced via Twitter that the US Litecoin VISA cardholders will soon be unable to use their bank cards for payments. The reason behind this decision is due to the termination of partner support, and the banking partner of MCBankNY has decided to stop supporti ...

Paxful Ceases Operations due to Regulatory Environment and Employee Departures

Paxful, a prominent bitcoin exchange platform operating through peer-to-peer transactions, recently made a surprising announcement that it would be discontinuing its services. The decision was reportedly prompted by a combination of factors, including regulatory pressure and the departure of key ...

Bittrex Terminates Work with US Clients Due to Regulatory Environment and Economic Situation

Bittrex, a well-known cryptocurrency exchange, has recently announced that it will be terminating its services to clients in the United States. The exchange cited the "difficult regulatory environment and economic situation" in the country as the primary reason for this decision. According to ...

Coinbase Plans to Launch Crypto Trading Platform Outside the US

Against a backdrop of increasingly stringent regulations and a challenging banking environment for national cryptocurrency companies, Coinbase is planning to launch a new cryptocurrency trading platform outside of the United States. Reports from Bloomberg indicate that Coinbase Global has already ...