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Introduction The Bank of Italy, the country's central bank, has called for a "robust, risk-based" regulatory framework for stablecoins. The bank's governor, Ignazio Visco, said...

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Bitcoin ETF Race Gets Hotter as ARK Invest Adds Surveillance Agreement to Application

The race to launch the first Bitcoin exchange-traded fund (ETF) in the United States is heating up, with ARK Invest adding a surveillance sharing...

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MicroStrategy Buys $347M Worth of Bitcoin Amid Market Thaw

Introduction On June 28, 2023, software analytics firm MicroStrategy announced that it had purchased an additional 12,333 Bitcoin (BTC) for a total of $347 million....

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CFTC Issues $54M Default Judgment Against Trader in Crypto Fraud Scheme

Introduction The Commodity Futures Trading Commission (CFTC) has issued a default judgment against Michael Ackerman, a resident of Alliance, Ohio, for operating a fraudulent digital...

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Will Bitcoin Ever Trade Below $27,000 Again?

Bitcoin has been on a wild ride in recent years, with its price soaring to record highs in 2021 before crashing back down in...

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Bitcoin Miners Send Record $128M in Revenue to Exchanges

What Happened? On June 27, 2023, Bitcoin miners sent a record $128 million in revenue to exchanges. This is equivalent to 315% of their daily...

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Will $30K be a new springboard for Bitcoin bulls?

Bitcoin has been trading sideways for the past few months, after a sharp decline from its all-time high of $69,000 in November 2021. However,...

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Cathie Wood’s ARK Reportedly ‘First in Line’ for a Spot Bitcoin ETF

Introduction The Securities and Exchange Commission (SEC) has been reviewing applications for spot Bitcoin exchange-traded funds (ETFs) for several years. In recent months, there has...

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Bitcoin Bulls Grill $31K as Fidelity ETF Move Fuels BTC Price Strength

Bitcoin (BTC) challenged $31,000 again after the June 27 Wall Street open as traders hoped for upside continuation. Data from Cointelegraph Markets Pro and TradingView...

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