Month: June 2023

Bitcoin (BTC) Breaks $30,000 Amid TradFi Push Into Crypto

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The cryptocurrency’s rally comes as several TradFi giants including BlackRock, Invesco and WisdomTree filed for spot bitcoin ETF applications. Meanwhile, EDX crypto exchange, which is backed by major TradFi players, also launched on Tuesday. The exchange is backed by Fidelity Digital Assets, Charles Schwab and Citadel Securities and will offer four tokens in the U.S., including bitcoin, ether, bitcoin cash and litecoin. Bitcoin cash (BHC) has also rallied following the news, gaining 25% on the day. Original

Bitcoin rallies to highest level in over a month on ETF news

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A Bitcoin ATM, the largest cryptocurrency by market cap that operates free of any central control and that relies on a peer-to-peer software and cryptography, on the BitBase stand during the Mobile World Congress 2023 on March 10, 2023, in Barcelona, Spain. Joan Cros | Nurphoto | Getty Images Bitcoin rose to its highest level in more than a month on Wednesday, as traders got excited about the prospects of a spot bitcoin ETF following a series of recent applications from companies including BlackRock. The price of bitcoin jumped 10%…

Tether (USDT) Launches on Kava L1 Blockchain, KAVA Price Jumps More Than 10%

Kava layer one blockchain joins other chains – like Ethereum, Solana, Algorand, EOS, Liquid Network, Omni, and Tron – that support USDT. The leading United States dollar-pegged stablecoin, Tether (USDT) has found a new channel to mainstream adoption through the Kava network, a layer one (L1) blockchain that was designed with scalability and speed in mind. According to the announcement, Tether USDT will work closely with the Kava blockchain to reshape the future of decentralized finance. Following the announcement, the Kava chain’s native coin, KAVA, jumped more than 10 percent…

Coinbase Takes Preemptive Legal Measures to Navigate Regulatory Storm

In addition to recruiting top-tier lawyers to bolster its defense, Coinbase has also filed “amicus briefs,” commonly known as friend-of-the-court briefs. In the face of intensified regulatory scrutiny within the cryptocurrency industry, Coinbase Global Inc (NASDAQ: COIN), a prominent American digital assets service provider, took a strategic legal approach to proactively influence court rulings in unrelated cases before becoming the primary target of a US crackdown. According to a recent report by Reuters, Coinbase engaged in a counterattack by enlisting the expertise of highly esteemed attorneys in two separate crypto-related…