Author: Ocrypto

As it is known, rumors were circulating in the crypto money market that Gary Gensler, Chairman of the US Securities and Exchange Commission (SEC), resigned from his post. Fox Correspondent Charles Gasparino Reveals Gary Gensler Is Not Resigning These rumors originated from a Twitter account that shared a lot of untrue developments earlier. Rumors later spread and became spoken by the entire cryptocurrency Twitter community. As Bitcoinsistemi.com, we preferred not to share the claim whose source is not reliable. Related News  Attention: There Are Token Unlocks Installed On 15 Altcoins In The New Week! Here is the Ordered List However, Fox…

A Dogecoin (DOGE) address that went inactive almost a decade ago has been awakened, sparking suspicion of a selloff in the community. Possibilities of Dogecoin Selloff The insights into the wallet activities were provided by the crypto analytics protocol Whale Alert which revealed that the Dogecoin address has indeed been dormant for the past 9.5 years. The wallet contains a total of 2,002,447 DOGE tokens worth approximately $131,178. The actual reason why crypto addresses go dormant is unknown and there are many schools of thought, all of which cannot be ruled out. One of the more tenable assumptions is that the…

Against the wishes of FTX Derivatives Exchange founder Sam Bankman-Fried, most of the charges against him will be not dismissed. United States Judge Lewis Kaplan from the District Court for the Southern District of New York has denied motions from former FTX Chief Executive Officer (CEO) Sam Bankman-Fried and his legal team to dismiss most charges levied against him. Per a statement from Kaplan, after considering all parts of the argument from both parties, the court decided that “the arguments are either moot or without merit.” SBF Tries to Throw Out 10 of 13 Charges The motion was filed last month with the…

Spot Bitcoin ETF by BlackRock and Fidelity renewed positive sentiment on Bitcoin, analysts expect more upside in BTC price. Spot Bitcoin ETF application by BlackRock and launch of crypto exchange EDX Markets fueled institutional inflow in the crypto market and guided other financial giants to resubmit their Bitcoin ETF with the US SEC. According to Bloomberg Intelligence, there have been about 30 attempts for a spot-Bitcoin product as of last week. Last week, CoinGape Media reported that Fidelity is preparing to file a similar Bitcoin ETF. On Tuesday, mainstream media reported Fidelity Digital Assets nearing a spot Bitcoin ETF filing. BTC price briefly jumps over $31,000…

The UK Law Commission has demanded comprehensive legislation on digital assets and whether they classify as money for use as collateral. In their recent recommendation, the UK Law Commission has stressed that the country should develop laws governing crypto assets to ensure that it becomes a global hub for cryptocurrencies and non-fungible tokens. In a statement on Wednesday, June 28, the independent panel noted that the long-awaited recommendations “aim to provide a comprehensive legal foundation for digital assets, which will allow these new technologies to flourish, enabling a diverse range of market participants to interact with and benefit from them”.…

Bitcoin ETF News: Bitcoin (BTC), the world’s largest cryptocurrency regained the crucial $30k price level as investment management giants like BlackRock moved ahead to register for the spot BTC Exchange Traded Fund (ETF). However, experts familiar with the matter suggest that BlackRock’s request is likely to get approval from the U.S. Securities and Exchange Commission (SEC). SEC To Wave Green Flag For Bitcoin ETF? The US SEC has been on a spree of rejecting applications around spot Bitcoin ETF mentioning the risk of fraud and manipulation in the market. However, the commission only allowed ETFs based on Bitcoin futures contracts to operate in…

While TrueUSD (TUSD) denies its exposure to crypto custodian Prime Trust, it has debugged for the second time this month. Prime Trust was placed into receivership on Tuesday after rival BitGo called off its bid to acquire Prime Trust. TUSD stablecoin fell to 0.9974 against Tether (USDT) on Binance and 0.80 on Binance.US amid exposure to Prime Trust. Maverick Protocol (MAV) launch pool on Binance starting to withdraw TUSD. Moreover, reserves on the Curve pool have imbalanced further, rising more than 70%. The TUSD deposit and loan interest rates in Aave V2 soared, with the deposit interest rate reaching 42% and the loan interest…

NFT-related altcoin Blur (BLUR) has risen double-digit over the past 24 hours, according to CoinMarketCap data. The native token of its namesake NFT aggregator and marketplace has soared above 20%. The token has seen a massive surge in trading volume of 1240% in just 24 hours. The trend is seen after the token was listed on Upbit – a South Korean trading platform, accompanied by a price rise of 22% at the same time. The altcoin’s trading volume now stands 44th in the global crypto market, although Blur’s ranking is 110th in terms of market capitalization. Another obvious trigger for growth is its recent integration with…

A fifth of French workers would like to receive all or part of their salaries in crypto, a survey has found. The survey was conducted by the French payroll software provider Payfit and reported by the French media outlet Cointribune. The survey found that 20% of French respondents were in favor of ditching fiat salaries and instead receiving remuneration in crypto. The software firm’s CEO Amaury Lelong said he found it “difficult to interpret” the reason why so many respondents said they preferred crypto salaries. Which Groups of French Workers Want to Get Paid in Crypto? The figure was even higher among younger…

Currently, Bitcoin (BTC) encounters a significant obstacle in the form of double top resistance at the $31,000 level. This resistance has previously acted as a strong barrier, raising concerns about the potential for a bearish correction in the near future. In this Bitcoin price prediction, we will primarily focus on the technical analysis of Bitcoin, examining whether the double top resistance will hold or if Bitcoin will break through and sustain its upward trajectory. Bitcoin Price As of today, the current price of Bitcoin stands at $30,273, accompanied by a 24-hour trading volume of $16.4 billion. Over the past 24 hours, Bitcoin…