Voyager issues Three Arrows Capital default notice for failure to repay loan.
Bull Hints in Sight as Bitcoin Exchange Volume Drops – Gensler Calls Bitcoin a Commodity
Bitcoin is beginning to show glimpses of breaking out of the bearish trend that has seen its price driven down 45% over the last 60 days. On-chain data shows that the volume of Bitcoin on exchanges has dropped to its lowest point in three years.
On-chain data tracker Glassnode reports that the amount of Bitcoin (BTC) held on exchanges dropped to 2,384,477.040 BTC on June 26th, its lowest level since 2018. The measure of Bitcoin held on exchanges is often taken as a reflection of market sentiment.
With Bitcoin potentially preparing for a bullish outbreak, Securities and Exchange Commission (SEC) chief Gary Gensler, in his recent appearance on the ‘Mad Money’ show, labeled Bitcoin as a commodity.
The revelation by the SEC boss hints at the sort of regulatory framework that can potentially be expected for the industry. As...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...