The cryptocurrency market has been on a wild ride in recent years, with Bitcoin experiencing both boom and bust periods. However, one thing has remained relatively constant: a large portion of Bitcoin hasn’t moved in two years. This phenomenon, known as a “supply shock,” could have significant implications for the future of Bitcoin. According to … Read more
The Securities and Exchange Commission (SEC) is investigating a fake post on its official Twitter account that claimed the agency had approved bitcoin exchange-traded funds (ETFs). The post sent the price of bitcoin soaring briefly before the SEC quickly clarified that it had not, in fact, approved any such ETFs. The fake post, which was … Read more
The cryptocurrency world has been buzzing with anticipation ever since TD Cowen, an investment bank, predicted the SEC’s approval of a spot Bitcoin exchange-traded fund (ETF) by January 10th. This move, according to the bank’s analysts, is a “political necessity” for the SEC to solidify its role as the main regulator of the burgeoning crypto … Read more