People walk past a neon sign advertising a Bitcoin and Ethereum crypto currency exchange in Warsaw, Poland on 19 May, 2024. Jaap Arriens | Nurphoto | Getty Images Bitcoin led the crypto market lower on Tuesday – the first trading day for ether ETFs – as Mt. Gox transferred more bitcoin to creditors and investors … Read more
An ether cryptocurrency coin in seen in this photo. Jaap Arriens | Nurphoto | Getty Images Ether exchange-traded funds officially began trading in the U.S. on Tuesday, putting the world’s second-largest crypto currency in a vehicle favored by many professional investors and advisors. The new funds come from traditional fund issuers such as BlackRock and … Read more
Representation of Ethereum, with its native cryptocurrency ether. Dado Ruvic | Reuters The U.S. Securities and Exchange Commission appears to have given the green light for exchange-traded funds that hold ether, the world’s second-largest cryptocurrency. Trading is expected to begin as soon as Tuesday. Several fund issuers submitted additional registration statements Monday afternoon, and exchanges … Read more
Cryptocurrencies plunged Friday as investors focused on the payout of nearly $9 billion to users of collapsed bitcoin exchange Mt. Gox. Bitcoin’s price was last lower by nearly 3% to $56,571.00, according to Coin Metrics. Earlier in the day, the world’s biggest cryptocurrency had slumped as low as $53,513.55, marking its first time trading below … Read more
Recep-bg | E+ | Getty Images The U.S. Department of the Treasury and IRS on Friday released final tax reporting rules for digital asset brokers — and crypto investors have limited time to prepare, experts say. Mandatory yearly reporting will phase in starting in 2026, with digital currency brokers required to cover gross proceeds from … Read more
A photo illustration depicting the cryptocurrency bitcoin. Jakub Porzycki | NurPhoto via Getty Images Bitcoin continued its descent to $60,000 on Monday. The price of the flagship cryptocurrency was last down by more than 4% at $61,211.00, according to Coin Metrics. Earlier, it fell to $60,666.30, its lowest level in more than a month. It’s … Read more
A worsening macroeconomic climate and the collapse of industry giants such as FTX and Terra have weighed on bitcoin’s price this year. STR | Nurphoto via Getty Images Bitcoin fell with the broader cryptocurrency market on Tuesday amid concerns about the global economy and lower summer liquidity. The price of bitcoin was last lower by … Read more
Cryptocurrencies slumped on Tuesday as bitcoin extended its recent slide and investors awaited the Federal Reserve’s next rate decision. The price of bitcoin dropped more than 4% to $66,475, according to Coin Metrics, extending a decline that began Friday when bitcoin retreated from the $70,000 level. Ether fell 6.1% to $3,452.02. Cryptocurrencies broadly, along with … Read more
VanEck CEO Jan van Eck sees a major sentiment shift underway in the cryptocurrency market linked to the U.S. Securities and Exchange Commission’s approval of a rule change allowing for Ethereum exchange-traded funds. “This is really one of the most amazing things that I’ve seen in my career with respect to securities regulation,” van Eck … Read more
Nikos Pekiaridis | Nurphoto | Getty Images Ether slipped on Friday even after the Securities and Exchange Commission approved a rule change that will pave the way for exchange traded funds that buy and hold the cryptocurrency. The price of ether fell 2% to around $3,700.00, according to Coin Metrics. It’s holding on to its … Read more
