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0 CommentsEther price gained 13.5% between Jan. 10 and Jan. 12, breaking above $2,650 for the first time since May 2022. The pivotal factor for the rally has been the spot Bitcoin exchange-traded fund approval, although the leading cryptocurrency traded down 2% in the same period. Investors are now questioning if Ether has what it takes to sustain…
Bitcoin price dropped by 6.8% between Jan. 11 and Jan. 12, confirming bears’ theory of a sell-the-news-style event occurring after the approval of a spot Bitcoin exchange-traded fund (ETF). The much-anticipated event ensued after a 75% rally in the 90 days leading to the initial trading on Jan. 11. This partially explains the lack of excitement…
The first day of trading for a suite of new Bitcoin exchange-traded funds (ETFs) has gone off with a bang, with BlackRock, Grayscale, and Fidelity’s ETFs coming out on top in total volumes. One issuer, however, didn’t get to start as expected. Aggregated data from Yahoo Finance, compiled by Cointelegraph, shows that the total volume across…
Crypto has grown from humble beginnings into arguably some of the most maligned technology ever, with a dedicated group of zealous critics ready to ridicule any setback in the industry. Reasons for criticizing crypto vary, depending on the individual, and can range from questioning its use cases and pointing toward bad actors scamming people to outright hatred…
Ethereum developers, node operators and users have yet to agree on Vitalik Buterin’s recent suggestion to increase the gas limit on Ethereum. On Jan. 11, Buterin advocated for a “modest” 33% gas limit increase to potentially improve network throughput. Increasing the gas limit to the proposed 40 million from the current 30 million would allow more transactions…
The United States Securities and Exchange Commission’s (SEC) approval of a spot Bitcoin exchange-traded fund (ETF) could come any day now. And when it does, many believe that everything will change. But is the United States ready for an onslaught of first-time crypto investors? Regarding tax compliance, maybe not. Crypto investors will have to pay taxes…
