Category: BTCPAX

China’s Xinjiang Blackout and Bitcoin Hashrate Correction Caused BTC Price Crash

It’s no less than a major bloodbath in the crypto market as the Bitcoin (BTC) price is down 8.5% tanking below $57,000 levels. At press time, BTC is trading at a price of $$56,971 with a market cap of $1.089 trillion. This solid price crash resulted in nearly $10 billion in Bitcoin liquidations in an […]

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Crypto Market Tanks Amid Multiple FUD News, Over $10 B BTC Positions Liquidated

Crypto Market is undergoing severe correction as multiple news of crypto ban combined with rumors that US treasury is planning to charge several financial institutions for money laundering using cryptos made headlines at major publications. Though this is not something new to crypto investors but in the short term it has led to extensive Bitcoin […]

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Just-In: Gary Gensler Sworn in as New SEC Chair, Will SEC Drop Ripple Case?

Gary Gensler has been sworn in as the new Chairman of the United States Securities and Exchange Commission (SEC), following his nomination by President Joe Biden and his subsequent confirmation by the Senate on April 14, 2021. Gensler, who succeeds former Chairman, Jay Clayton will lead the SEC for 5 years through 2026. Gary Gensler […]

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Bitcoin (BTC) Downside Looks Limited As Coinbase Premium Shoots Significantly High

After hitting its all-time high above $64,500 on the day of the Coinbase (NASDAQ: COIN) listing, Bitcoin (BTC) has retraced partially with a bit of downward pressure. On Friday, April 16, Bitcoin (BTC) took a dip below $61,000 levels after news broke out that one of the major BTC markets – Turkey – has issued […]

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Skybridge Capital CEO Compares Coinbase Listing to Netscape IPO Era, Says its a Wake Up Call For Wall Street Banks

Skybridge Capital CEO Anthony Scaramucci recently in an interview with CNBC revealed that the holds the newly listed Coinbase ($COIN) shares calling it a breakthrough movement for crypto space. Scaramucci went on to compare the Coinbase listing to Netscape IPO in the late 90s that marked the beginning for the internet age companies. The Skybridge […]

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Ark Invest Buys Additional $110M in Coinbase($COIN) Shares

Cathie Wood led Ark Investment Fund bought an additional 341,186 Coinbase shares estimated to be worth $110 million, a day after purchasing nearly $250 million worth of shares yesterday. The investment fund had added 1.76% $COIN exposure to its flagship Ark Innovation ETF (ARKK.P), it’s Next Generation Internet ETF (ARKW.P), and Fintech Innovation ETF (ARKF.P), and the newly bought […]

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Ex Goldman Sachs Executive to Take Over as Galaxy Digital Chairman Prior to its Public Listing

Galaxy Digital, a crypto asset manager has announced Michael Daffey, the former Goldman Sachs executive as the chairman of the firm. The decision seems to be taken because of its public listing later this year. Daffey would take over the lead role from founder Mike Novogratz who would maintain his position as the CEO of […]

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Bitcoin price uptrend to $65,000 decelerates amid potential bearish comeback

Bitcoin recovery hit a barrier at $64,000, hindering movement to $65,000. The ascending parallel channel lower edge support is under tremendous pressure to give to bearish advances. Bitcoin has resumed the sluggish price action a day after hitting a new record high close to $65,000. The recent upswing occurred after Coinbase was directly listed on […]

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SEC Commissioner’s New Token Harbor Initiative Proposes 3-Year Grace Period for Crypto Startups

Hester Peirce, the SEC commissioner who is also popularly known as ‘crypto mom‘ because of her in-depth understanding of the crypto space has come out with an updated token harbor initiative first introduced in February 2020, to help new crypto startups raise funds without worrying about regulatory clampdowns.  The new token fundraising solution proposes a […]

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Is It A Good Time to Buy Bitcoin? Analyses Suggests ‘Waiting’ Before BTC Passes $64k

Coinbase direct listing (Not An IPO!) was a huge success and $COIN trading is open at Nasdaq making Coinbase the first company to go public. Bitcoin price is currently in the greedy stage and losing $61,000 may trigger short term bearish sentiment. So, first let’s take a look at Bitcoin Greed Index. Bitcoin Greed Index […]

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