Cryptocurrencies are registering an uptick as the market reacts to the Federal Reserve's interest rate cut on September 18. After topping $61.2k on Tuesday, BTC slipped back under $60k as market jitters resumed. However, with the Fed's 50 basis point interest rate decision, Bitcoin is back above $61k.
A rebound push last week saw the global cryptocurrency market cap recover $180 billion amid a 9% surge in valuation. As a result, the crypto market cap recovered the $2 trillion mark to end the week at $2.1 trillion.
The SEC's actions spark debate over whether its enforcement ensures accountability or stifles crypto innovation and growth.
Bitcoin Cash (BCH) is bracing for a potential downturn after a brief rebound from a trendline failed to ignite bullish momentum. Instead, the cryptocurrency now faces a bearish extension, with its sights set on the key support level at $288.
A key detail revealed as part of the SEC's settlement with the cryptocurrency platform eToro has suggested a drastic shift in the agency's perspective on Ethereum (CRYPTO: ETH). What Happened: According to a press release on Thursday, the SEC found that the U.S. arm of the Israel-based multi-asset company's operations violated federal securities laws by allowing the trading of cryptocurrencies as securities.
The United States Securities and Exchange Commission (SEC) has announced a settlement with trading platform eToro. The company was in the middle of a regulatory dispute with the SEC over allegations of operating as an unregistered broker and clearing agency with its crypto trading platform.
EToro reached a $1.5 million settlement with the U.S. Securities and Exchange Commission over alleged violations of federal securities laws.
The SEC announced that eToro has settled securities charges, and will pay a penalty alongside curtailing offered crypto assets in the U.S.
Discover what separates Bitcoin from its younger counterpart, Bitcoin Cash.
It's not been a good few months for ETC holders and investors.
Litecoin gained 2.4% while Bitcoin Cash rose 2% in overnight trading.
The global cryptocurrency market cap increased by 1.12% over the past day to $2.1 trillion as bulls attempted recoveries following the latest crash. Bitcoin (BTC) trades at $59,669 after gaining 0.80% in the past 24 hours, triggering notable recoveries in the altcoin space. Ethereum Classic (ETC) joined the ongoing broad market surges.
Are you keeping an eye on the latest trends in cryptocurrency? The Qubetics Whitelist allows you to enter promising projects before they are publicly available. By joining, you can secure your spot in the presale and gain early access to exclusive deals.
Bitcoin prices were trading down 1.31% or $802.83 at writing as investors sold the world's leading cryptocurrency after yesterday's release.
Bitwise Asset Management announced its acquisition of the ETC group, a cryptocurrency exchange-traded products issuer based in London. The acquisition reportedly pushes Bitwise's assets under management to over $4.5 billion.
Despite recent struggles, Bitcoin (BTC) has reclaimed the $60,000 price level and is trading at $61,100, up over 4% during the past 24 hours. BTC and Ethereum (ETH) were trading flat early on Monday but quickly shrugged off the initial lethargy to record noticeable gains.
Bitwise is elevating its ETF strategy with a new acquisition. The firm has announced plans to acquire ETC Group, a London-based digital asset issuer.
The crypto context of the acquisition of ETC Group by Bitwise
In a strategic move to expand its presence in Europe and the broader crypto industry, asset manager and Bitcoin exchange-traded fund (ETF) issuer Bitwise Investment has sealed a deal to acquire ETC Group, a major crypto issuer headquartered in London.
Crypto isn't mentioned in Democrats' party platform before the start of the convention, Bitwise acquires crypto ETP issuer ETC Group and more from today.
Meanwhile, the details of the purchase agreement are still unknown. Bitwise will be tasked with managing up to $4.5 billion in AUM once completion.
Bitwise Asset Management has taken a bold step into the European market by acquiring ETC Group, a London-based provider of cryptocurrency exchange-traded products (ETPs). This strategic move increases Bitwise's assets under management to over $4.5 billion, adding nine European-listed crypto ETPs to its expanding portfolio.
The asset manager behind two successful U.S. crypto ETFs just landed in London.
TL;DR Bitwise Asset Management acquires ETC Group, marking its entry into the European market and adding several crypto ETPs to its portfolio. ETC Group, known for its physical Bitcoin ETP (BTCE) and other crypto products, will be rebranded but without significant changes to its strategies.
The acquisition adds nine European-listed crypto ETPs to Bitwise's portfolio and raises its assets under management to over $4.5 billion.
Bitwise Asset Management, the leading cryptocurrency index fund manager, has announced the acquisition of ETC Group, one of the largest crypto ETP firms.
San Francisco-based cryptocurrency index fund manager Bitwise Asset Management has acquired London-based competitor ETC Group, signalling its expansion into the European markets. ETC Group, with over $1 billion in assets under management, owns BTCE, currently the largest physical bitcoin exchange-traded products (ETP) in Europe.
Bitwise Asset Management has announced the acquisition of ETC Group, a London-based digital asset manager known for creating Europe's largest physical Bitcoin ETP, BTCE. This strategic move elevates Bitwise's assets under management (AUM) to over $4.5 billion and enhances its capability to serve European investors with institutional-grade products.
Bitwise Asset Management's acquisition of ETC Group marks its significant entry into the European market, adding over $1 billion in Bitcoin and crypto assets.
Investment asset management firm Bitwise is taking its ETF journey to a higher level with its latest acquisition. The week started with the firm announcing its intention to acquire ETC Group, a digital-assets issuer based in London.
On 19 August 2024, Bitwise Asset Management announced its acquisition of ETC Group, a significant move that marks the expansion of Bitwise's presence in the European market. Founded in 2019, ETC Group has developed a robust suite of exchange-traded products (ETPs) that have gained substantial traction in the cryptocurrency space.
Bitwise's acquisition of ETC Group signifies a major step in globalizing crypto asset management, enhancing product diversity and market reach. The post Bitwise expands to Europe with strategic acquisition of ETC Group appeared first on Crypto Briefing.
San Francisco-based cryptocurrency index fund manager Bitcoin Asset Management has acquired London-based competitor ETC Group, signalling Bitwise's expansion into the European markets. ETC Group, with over $1 billion in assets under management, owns BTCE, currently the largest physical bitcoin exchange-traded product (ETP) in Europe.
The acquisition of ETC Group's $1 billion in assets under management takes Bitwise's AUM above $4.5 billion.
The move brings Bitwise's total assets under management to $4.5 billion and adds nine European crypto ETPs to its product offerings.
With this acquisition, Bitwise's total assets under management rise above $4.5 billion.
Recently, crypto analysts have been attracted to Bitcoin Cash (BCH); Alan Santana provided an extremely intricate analysis concerning the coin's future. He advises investors though to hold off on accumulating BCH until the market shows clearer signs of stability.
BCH gained 1.6% and SOL rose 1.5%, contributing to modest index growth.
Investors and traders should remain vigilant to both technical signals and upcoming events that could impact BCH's future performance.
Bitcoin (BTC) market sentiment remains erratic, as the wild volatility experienced this month looks set to continue. BTC had seen a spectacular collapse to a six-month low but quickly regained ground.
BCH, the native coin of the peer-to-peer electronic cash system Bitcoin Cash, is currently experiencing heightened volatility. This leaves the altcoin susceptible to sharp price swings in either direction.
Bitcoin Cash price crossed $340 lon Aug 9, up 36.4% since Aug 5, derivatives market data suggests BCH traders betting on Russia's recent announcement.
Ethereum Classic price has surged recently following a broader market recovery. This rise in ETC price indicates renewed investor confidence in the market, aligning with the positive momentum seen in other major digital assets.
Bitcoin Cash price has demonstrated marked volatility recently. The trading patterns oscillated between bearish and bullish sentiments, echoing the broader cryptocurrency market's dynamics.
Bitcoin Cash's (BCH) price is currently attempting to bounce back after closing above a key support level that supported the altcoin during the July crash, too.
The cryptocurrency markets saw a strong recovery on Tuesday following a 30% correction that pushed Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and other major cryptocurrencies to multi-month lows.
Bitcoin Cash price has seen a significant recovery over the past 24 hours. This aligns with global market experiences of a rebound.
The cryptocurrency market is facing significant challenges following July's volatility. Ethereum Classic price has not been immune to these headwinds, dropping 5.4% over the past week and an additional 2% in the last day to trade at $21.34 during US business hours on Tuesday.