The second-largest cryptocurrency, ethereum (ETH), dipped to $1,809 on Monday, hitting a notable low. Meanwhile, the BTC/ETH ratio slipped under 0.24, a level not seen since February 2020. Bitcoin-Ether Ratio Taps Multi-Year Lows Ethereum is down 8% at the time of writing over the last day, and earlier it down 10% against the U.S. dollar […]
The U.S. Securities and Exchange Commission (SEC) is moving to abandon a proposed rule that would have required certain cryptocurrency firms to register as alternative trading systems (ATS), according to acting Chair Mark Uyeda. SEC Shifts Stance on Crypto Regulation The decision, Reuters reported on Monday, marks a shift from the agency’s 2022 effort under […]
The Texas Senate passed the Bitcoin strategic reserve bill SB-21 on March 6. This followed a debate in which State Senator Charles Schwertner, who introduced the bill, argued that it would help Texas add a valuable and scarce asset to its balance sheet. Amid fears of Bitcoin (BTC) contending against the US dollar as a […]
The Texas Senate passed the Bitcoin strategic reserve bill SB-21 on March 6. This followed a debate in which State Senator Charles Schwertner, who introduced the bill, argued that it would help Texas add a valuable and scarce asset to its balance sheet. Amid fears of Bitcoin (BTC) contending against the US dollar as a […]
According to the latest Crypto Fear and Greed Index reading, the market’s sentiment slipped from a score of 34 out of 100 on March 7 to the current 20, which stands for “extreme fear.” Market Turmoil: Bitcoin Tumbles, Crypto Fear Index Hits 12-Month Low Bitcoin and the crypto market, in general, have not been doing […]
Exclusive remarks disclosed to The Pavlovic Today illuminate an ambitious federal endeavor: Bo Hines, occupying the helm of the President’s Council of Advisers on Digital Assets, divulged plans for the U.S. government to systematically procure bitcoin (BTC) as part of its freshly minted Strategic Bitcoin Reserve. Hines Outlines BTC Acquisition Strategy for Fiscal Innovation This […]
REX-Osprey files for MOVE ETF
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Asset manager REX-Osprey is seeking to launch an exchange-traded fund (ETF) designed to hold the Movement Network’s native token, MOVE, according to a March 10 announcement. The filing comes as Movement, a layer-2 (L2) blockchain network, launches its public mainnet beta, Movement said. It is the latest example of a fund sponsor filing to list […]
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Mark Carney, a Canadian economist and now Prime Minister-designate, is already under the microscope for his previous remarks regarding cryptocurrency. Carney, who replaced former Prime Minister Justin Trudeau, took a measured and critical approach to cryptocurrencies, namely Bitcoin (BTC), in a 2018 speech he made at the Bank of England. He also shared concerns over […]
Bitcoin ETFs experienced a net weekly outflow of $799 million, marking the fourth consecutive week of outflows. Ether ETFs also faced challenges, recording a net outflow of $120 million. Crypto ETFs Continue to Experience Significant Outflows In the week spanning Mar. 3 to Mar. 7, bitcoin and ether ETFs experienced significant net outflows, reflecting a […]
Bitcoin (BTC) bulls tried to push the price above $85,000, but the bears held their ground. A minor positive is that larger investors seem to be accumulating at lower levels. Research firm Santiment said in a post on X that wallets with 10 BTC or more have bought roughly 5,000 Bitcoin since March 3. The […]
Bitcoin miner CleanSpark will join an important benchmark for US small-cap stocks, underscoring the company’s recent string of profitability despite industry volatility following the April 2024 halving. Beginning March 24, CleanSpark’s stock will be included in the S&P SmallCap 600 Index. As the name implies, the index measures the performance of small US companies that […]