Bitcoin BTC$62,895.02 is trading near $63,000 after falling to around $59,000 earlier in the week, and some data points to pain ahead for bulls, with a possible drop to levels last seen in early 2024. The largest cryptocurrency is now just 9% above its realized price of around $53,600, according to onchain analytics firm CryptoQuant. […]
Metaplanet (3350) acquired Siiibo Securities, a Tokyo-based type I Financial Instruments Business Operator, in a deal valued at approximately 2.1 billion yen ($13.1 million), Japan’s bitcoin tax agency announced Friday. Following the completion of the transaction, Siiibo Securities will become a wholly owned subsidiary, renamed Metaplanet Securities. The acquisition marks the first major step in
Metaplanet buys Siiibo Securities in $13.1 million deal to advance Bitcoin strategy Read More »
BlackRock took another step toward introducing its bitcoin income exchange-traded fund on Nasdaq, filing a share registration document that often signals an imminent debut. The world’s largest asset manager filed the Form 8-A for the iShares Bitcoin Premium Income ETF on Thursday, usually one of the last procedural moves before an ETF goes live. The
BlackRock files to list its bitcoin income ETF, BITA is expected to launch next week Read More »
“To put the argument in the clearest real-world terms: Senate Majority Leader Harry Reid of Nevada would never have consented to or passively accepted legislation that displaced an activity so critical to his state’s economy and politics by only allowing sports betting under CFTC auspices,” Gensler’s brief said. Courts have so far been divided; some
Crypto traders who have seen bitcoin BTC$62,895.02the largest cryptocurrency, jumping overnight to $64,000 from recent lows below $60,000, may be wondering if the bottom has been hit and a fresh bull run has started. There is a single signal to get that confirmation. Right now it says the recovery has not started. This signal comes
The Bank of Japan is expected to raise its key rate to 1% from 0.75% when the meeting ends on June 16, the highest level since 1995, and to signal readiness to continue. That brings the yen carry trade back into focus, which has tended to weigh on the crypto markets. For decades, a cheap
Bitcoin above $63,000 as Japan pushes up to 31-year high Read More »
XRP rallied from last week’s selloff, retaking $1.14 on its strongest volume in weeks. Buyers pushed the token through resistance near $1.12 and kept buying into the close, a change from the short-lived rebounds that have repeatedly faded since February. The next test lies higher, as every major rally this year has stalled before reaching
Ripple-linked token jumps 3% as resistance test approaches Read More »
Blockchain is no longer just a story of Wall Street banks and brokers leveraging the technology to optimize financing. Now companies are embracing distributed ledger to streamline business operations. LG Electronics, the South Korean consumer electronics giant spanning TVs, laptops and home appliances, with annual global revenue of over $60 billion, is building a blockchain-based
LG Electronics takes ads on the chain. Arbitrum helped Read More »
The risk-off sentiment that hammered crypto all week is turning. Bitcoin is back in the green and the trigger was a sudden de-escalation in the Iran war. Bitcoin traded at $63,550 on Friday, up 1.6% on the day and 1.4% on the week, per CoinDesk data. Days earlier it had fallen to levels last seen
Bitcoin emerges as Trump signals an end to the Iran war Read More »
“Our framework intends to improve user protection while being mindful of promoting innovation, given that cryptoassets are increasingly positioned as investment targets for both domestic and foreign investors,” the FSA said in the statement. The FSA said the government is implementing a ban on insider trading for crypto that works exactly like the stock market.
Japan’s parliament is poised to pass a sweeping bill to regulate crypto-like stocks Read More »
