[ad_1] Australia’s leading stock exchange, the Australian Securities Exchange (ASX), has approved listing the second Bitcoin exchange-traded fund (ETF) on its platform.BREAKING: 🇦🇺 Australia’s largest stock exchange has approved its second spot #Bitcoin ETF. pic.twitter.com/SY5vIGEm4a— Bitcoin Magazine (@BitcoinMagazine) July 9, 2024 On July 9th, the ASX gave the green light to digital asset manager DigitalX to launch a spot Bitcoin ETF. The new ETF will begin trading on July 12th under the ticker BTXX.This comes just weeks after the ASX approved its first Bitcoin ETF in June when it listed the VanEck Bitcoin ETF. The moves follow the successful debut of…
Author: dfrancis36
[ad_1] A crypto project that raised 820,000 Ethereum in a 2016 initial coin offering (ICO) recently sold millions of dollars worth of ETH on a handful of exchanges, according to the digital asset tracker Lookonchain. Golem Network (GLM) is an open-source platform that aims to enable decentralized access to computing power. Lookonchain notes the project raised its large ETH stack through an ICO in November 2016, when the price of ETH was only $10.20. Lookonchain says Golem sold 24,400 ETH worth $72 million on the crypto exchanges Binance, Coinbase and Bitfinex over a three-day period. The project still holds 127,634…
[ad_1] Crypto analyst @Ripple_Effect11 predicts an imminent XRP price crash in a new technical analysis shared via X. His prediction is underpinned by a bearish breakout from a major triangle pattern that has been forming since the $3.84 all-time high on January 4, 2018. The analysis paints a dark picture for XRP in the coming months, with a potential drop to as low as $0.07, contingent on certain technical events. Why The XRP Price Could Crash To $0.07 Elliott Wave Theory, which forms the basis of @Ripple_Effect11’s analysis, is a form of technical analysis that predicts future price movements by…
[ad_1] Ethereum price seems to be forming a base above the $2,820 level. ETH could break the $3,160 resistance and rise toward the $3,320 resistance. Ethereum is consolidating losses above the $2,880 level. The price is trading above $3,000 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance near $2,960 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if there is a close above the $3,160 resistance. Ethereum Price Eyes More Upsides Ethereum price retested the $2,820 support zone. ETH seems to be…
[ad_1] The US House of Representatives is scheduled to vote on significant crypto legislation on Wednesday, July 10. This vote might override President Joe Biden’s veto of the Securities and Exchange Commission’s (SEC) resolution to repeal Staff Accounting Bulletin 121 (SAB 121). In June, Biden vetoed this bill. It has garnered significant attention due to its impact on the custody of Bitcoin and other crypto assets by financial institutions. The SEC issued SAB 121 in 2022, which mandates that banks holding cryptocurrency must disclose these assets as liabilities on their balance sheets. Many in the crypto industry have questioned this…
[ad_1] XRP price is slowly moving higher from the $0.400 support zone. The price is consolidating and might aim for a decent increase above $0.450. XRP price is attempting a recovery wave above the $0.420 zone. The price is now trading above $0.4250 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $0.420 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a decent increase if it clears the $0.4450 and $0.450 resistance levels. XRP Price Eyes Recovery XRP price remained stable above…
[ad_1] In a significant shift driven by Republican lawmakers in the United States, led by former President Donald Trump’s pro-crypto stance, there is growing support for adopting Bitcoin (BTC). On Monday, a panel of the Republican National Committee (RNC) approved a draft of the party’s 2024 platform that includes strong support for the largest cryptocurrency in the market and the overall industry. This stance stands in sharp contrast to the regulatory approach to digital assets taken by President Biden’s administration. Republicans Unveil Pro-Bitcoin Stance Page nine of the draft, titled “Build the greatest economy in history,” highlights the Republicans’ commitment…
[ad_1] Recent developments surrounding the repayment of creditors and investors of the defunct Bitcoin (BTC) exchange, Mt. Gox, have sparked concerns about potential effects on Bitcoin’s price. As the market retraced over 20% from its three-month high above $70,000, the movement of 47,000 BTC to repay creditors has raised questions about the market’s stability. However, industry experts, including CryptoQuant CEO Ki Young Ju and Alex Thorn, head of research at Galaxy Digital, have offered insights into this development, suggesting that the impact on BTC’s price may be less significant than initially feared. Internal Transfers, OTC, And Brokerage Services Examined Ki…
[ad_1] When the Ether exchange-traded fund (ETF) did not receive the final approval in the United States, companies were already making a move for Solana ETFs. The Cboe has officially asked the Securities and Exchange Commission (SEC) to allow VanEck and 21Shares to offer Solana ETFs.Solana ETFs on the Way?In a pair of 19b-4 filings by the exchange yesterday (Monday), the SEC has requested approval to list Solana ETFs when approved. After the regulator acknowledges the filing, it will have a 240-day deadline to approve or reject the product decision.Cboe files 19b-4s for both VanEck & 21Shares Solana ETFs…Once SEC…
[ad_1] Veteran trader Peter Brandt has given traders what to expect from the Bitcoin price action in the coming months. His analysis is based on Bitcoin’s price highs and lows in bull market corrections since 2025. The analysis also makes use of Bitcoin’s price movements in previous halving cycles. Brandt’s analysis has come at a pivotal time for Bitcoin, as the cryptocurrency is now at a deciding moment between breaking out of its recent price correction or extending it further. Calling Market Tops And Bottoms Bitcoin has been on a month-wide correction since the second week of June after a…