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Check out what’s clicking on FoxBusiness.com The Securities and Exchange Commission has repeated its stance to reject Grayscale’s bid to launch a bitcoin ETF. The SEC says such products are prone to fraud and manipulation, court records show, and reported by the Financial Times. Grayscale claimed over the summer that the SEC was applying an unfair double standard by allowing bitcoin futures ETFs, but denying proposals for ETFs that invest in spot bitcoin. The SEC’s first response to… Source link

Ethereum started a fresh decline from the $1,350 resistance against the US Dollar. ETH traded below $1,300 and is showing bearish signs. Ethereum started another decline and traded below the $1,300 support. The price is now trading below $1,290 and the 100 hourly simple moving average. There was a break below a major bullish trend line with support near $1,290 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down unless the price climbs above the… Source link

Hedge funds have been upping their short positions against shares of cryptocurrency miners, betting that more will go to the financial brink after the collapse of the FTX exchange. With the bitcoin price down by nearly two-thirds this year and the cost of the power that miners require to fuel their energy-intensive computers having risen sharply, hedge funds are wagering that some companies’ business models are still far from viable. Bearish investors have been betting that the… Source link

Latest news on ETFs Visit our ETF Hub to find out more and to explore our in-depth data and comparison tools The Securities and Exchange Commission doubled down last week on its decision to reject Grayscale’s bid to launch a bitcoin ETF, repeating its stance that such products are prone to fraud and manipulation, court records show. Grayscale had claimed over the summer that the SEC was applying an unfair double standard by allowing bitcoin futures ETFs on the market and repeatedly… Source link

Ethereum price shows a rejection at the $1,350 hurdle after setting up three equal highs. ETH could retrace to the $1,195 support level to replenish momentum before giving the uptrend another go. A daily candlestick close below $1,150 will invalidate the bullish thesis. Ethereum price shows a lack of momentum after the recent volatile events. The run-up pushed ETH to produce another swing high. Rejection at this level has triggered a sell-off that could continue… Source link

Bitcoin (BTC) miner Core Scientific’s stock has soared nearly 200% in the past four days, following the positive reception for a Dec. 14 financing proposal from a current creditor that is hoping the firm can avoid bankruptcy. Shares for the embattled miner were sitting just over 13 cents on Dec. 12, before climbing to nearly 40 cents as the market closed on Dec. 15 — a gain of 198%. A five-day chart showing Core Scientific’s share price on Nasdaq. Source: TradingView According to… Source link

Bitcoin (BTC) miner Core Scientific’s stock has soared nearly 200% in the past four days, following the positive reception for a Dec. 14 financing proposal from a current creditor who is hoping the firm can avoid bankruptcy. Shares for the embattled miner were sitting just over 13 cents on Dec. 12, before climbing to nearly 40 cents as the market closed on Dec. 15 — representing a gain of 198%. A five-day chart showing Core Scientific’s share price on Nasdaq. Source: TradingView According… Source link

This is an opinion editorial by Leon Wankum, one of the first financial economics students to write a thesis about Bitcoin in 2015. Evolutionary psychologists believe that the ability to “preserve wealth” gave modern humans the decisive edge in evolutionary competition with other humans. Nick Szabo wrote an interesting anecdote about how in his essay “Shelling Out: The Origins of Money.” When homosapiens displaced homo neanderthalensis in Europe circa 40,000 to 35,000 B.C., population… Source link

Bitcoin price endures a steep profit-taking frenzy. Ethereum price is testing lower levels of support after a 7% rally on the week.  XRP price is down 8% on the month and 55% on the year.  The crypto market has early bulls in the market taking a profit. Despite this fact, there is a possibility for more upside. Key levels have been defined to determine the top 3 crypto’s next potential move. Bitcoin price retests resistance  Bitcoin price is undergoing a steep profit-taking… Source link