CFTC Chair labels Bitcoin, Ethereum as commodities

Rostin Behnam, the Chair of the Commodity Futures Trading Commission (CFTC), claimed Bitcoin (BTC) and Ethereum (ETH) are commodities. He said this during an interview with CNBC’s Squawk Box on Monday. Referring... Read more »

Despite the Low Price, Bitcoin’s Hashrate Remains Elevated as Difficulty Taps an All-Time High

Amid the Terra blockchain meltdown, Bitcoin’s hashrate has been well above the 200 exahash per second range, at 212 EH/s at the time of writing. Bitcoin’s hashpower has remained high after reaching... Read more »

These Metrics Could Help Time the Bitcoin Market Bottom

Key Takeaways Bitcoin has lost more than 43,600 points over the past seven months.  The top cryptocurrency now hovers around $30,000 while threatening to dip lower.  Technical indicators suggest market bottom could... Read more »

BitMEX launches spot crypto exchange following $30M penalty

Global crypto derivatives exchange BitMEX is expanding its platform beyond just derivatives by finally launching a spot crypto trading platform. BitMEX officially announced on May 17 that its spot crypto exchange, the... Read more »

Grayscale Investments rolls out its first European crypto ETF

Leading digital asset manager Grayscale Investments has teamed up with HANetf to launch a crypto-based exchange-traded fund (ETF) in Europe. On the 16th of May, the company announced this bullish news, noting... Read more »

Indian Regulator SEBI Proposes Banning Public Figures From Endorsing Crypto Products

The Securities and Exchange Board of India (SEBI) has reportedly proposed banning public figures, including celebrities and sportsmen, from advertising and endorsing crypto products. The regulator also proposed that public figures be... Read more »

Analysts flag Bitcoin price levels to watch after LFG sells 80K BTC

Bitcoin (BTC) needs to hold current levels and work to reclaim higher ones to avoid a crash in the $20,000 range, the latest analysis warns.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView... Read more »

Decentraland, Sandbox Tokens May Dip Below $1 Again

Key Takeaways Decentraland has risen by more than 128% since May 12. Meanwhile, SandBox saw its price increase by 60%. MANA and SAND remain on shaky grounds despite the recent gains.  Share... Read more »

Key takeaways from BlockDown Croatia 2022

BlockDown Conference, in the beautiful Croatian town of Sibenik, covered well topics from NFTs to DeFI, from gaming to DAOs and presented protocols from all blockchain spectrum: Ethereum Polkadot, Cosmos and beyond.... Read more »

Authorities Seize Over 1,500 Crypto Mining Rigs in Dagestan Crackdown

Law enforcement and other authorities in Dagestan have closed down two illegal crypto farms, confiscating more than 1,500 mining machines. Government agencies in the republic, considered one of Russia’s capitals of underground... Read more »