Cryptocurrency

The analyst noted that Bitcoin’s return in August was -11.31%, which closely aligns with the average of the last two pre-halving years, standing at -11.71%. Looking at the historical data, he found that the average return for in all prior Septembers during pre-halving years was -17.29%, with an average price of $21,400.However, considering only the most recent two Septembers, the losses appeared less pronounced, at -5.66%, with an average price of $24,400. Another interesting side is that in 10 years, Bitcoin has shown profitability only two times in September — in 2015 and 2016.It is important to consider the limitations of the data. The sample size of pre-halving periods is relatively small, making it challenging to predict with certainty whether the negative trends observed in August will persist. On the other hand, has again shown bearish trends since the start of this September, adding to the uncertainty surrounding its future performance.As Bitcoin approaches its next halving, questions about its price trajectory remain.This article was originally published on U.Today More

In an ongoing effort to convert its Grayscale Bitcoin Trust (GBTC) into a Bitcoin exchange-traded fund (ETF), the U.S. appeals court judge accepted Grayscale’s argument that the SECs rejection of its recent ETF application was unfair. The SEC had alleged that the GBTC didnt have enough safe practices and fraud protection in place.Continue Reading on Coin Telegraph More

One potential solution is a financial technology (fintech) app that’s catered toward TradFi users and also offers easy-to-use DeFi functionality. This way, users can realize that self-custody, a practice that enables safeguarding digital assets in personal wallets without the help of a third party, can be a way forward and start ditching centralized intermediaries like banks.Continue Reading on Coin Telegraph More

Deaton highlighted the significance of the ongoing Coinbase (NASDAQ:COIN) vs. SEC lawsuit. He explained that if the judge in the Coinbase case grants the exchange’s motion to dismiss, it would indicate that token sales on the exchange are not subject to U.S. securities laws. However, it wouldn’t apply to crypto staking.Continue Reading on Coin Telegraph More

In an ongoing effort to convert its Grayscale Bitcoin Trust (GBTC) into a Bitcoin exchange-traded fund (ETF), the U.S. appeals court judge accepted Grayscale’s argument that the SECs rejection of its recent ETF application was unfair.Continue Reading on Coin Telegraph More

In the post, Wood hinted at the transformative potential in the dynamic synergy between AI and Bitcoin, emphasizing the possibilities and positive implications the technologies hold for diverse industries and the overall economic landscape.Continue Reading on Coin Telegraph More

In a Sept. 1 interview with CNBC, Clayton said major financial institutions backing spot Bitcoin (BTC) investment vehicles represented a shift in how retail investors could get exposure to crypto. On Aug. 31, the SEC designated a longer period in which it could review spot BTC exchange-traded fund (ETF) applications from BlackRock (NYSE:BLK), WisdomTree, VanEck, Invesco Galaxy, Bitwise, Valkyrie and Fidelity.Continue Reading on Coin Telegraph More

Whale Alert reported a transfer of 66,666,659 XRP, worth approximately $33,065,809, from Binance to an undisclosed wallet. The move has sparked speculation about its potential price impact.Continue Reading on Coin Telegraph More