Bitcoin News
By Dan Saada
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Bitwise Asset Management, VanEck/SolidX, and Wilshire Phoenix have proposed ETFs. They have filed with exchanges in the NYSE Arca and Cboe BZX and are looking to…
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Details of the filings were published in the Federal Register during February and June. This, in turn, triggered the ticking of the legally-mandated 240-day clock…
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Several companies have proposed Bitcoin ETFs and the US Security and Exchange Commission (SEC) have delayed making decisions related to the three Exchange Traded Fund (ETF)…
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Bitwise maintains that the Bitcoin market would be “extremely efficient” if wash trading and data of fake volume are eliminated.
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In a majority of the cryptocurrency market, Bitcoin dominance is somewhere around the 70% level. Altcoins have not recovered yet, and they continue to be in pain.
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Ethereum continues to trade flat. It is trading below the $215 range. Despite the bullish price action, the price of the Bitcoin is not able to stay above $12,000 resistance,…
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Before the continuation of the bullish trend, probably another correction might be needed. Strong support is currently seen at $10,900 by moving average.
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The IRS continues with its stance that the Bitcoin and other cryptocurrencies are not currencies. They are considered to be more like goods and therefore are taxed.
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However, Digital currencies being digital tend to fall under the state and federal laws, thereby regulating digital assets.
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