Altcoins
Cryptocurrency News Today – July 12, 2024
Welcome to “Crypto News Today”, your daily digest of the cryptocurrency industry.
Altcoins Fall as Crypto Speculation Index Stabilizes
Capriole Investment reports crypto speculation index stabilizing below 10%, down from nearly 60% in January. This suggests a healthier market, with fewer altcoins outperforming Bitcoin, which could lead to a renewed Bitcoin rally as speculative trading wanes. To learn more, visit the TDR website!
Judge Rejects Coinbase Attempts to Sue
A judge has rejected Coinbase’s attempt to sue SEC Chairman Gary Gensler, sending the company back to reevaluate its legal strategy. The development is part of Coinbase’s ongoing legal battle with the SEC.
SEC Commissioner Questioned About Bitcoin ETFs
The SEC Commissioner was grilled at a Senate hearing on the approval of Bitcoin ETFs. The discussion highlighted the growing pressure on U.S. regulators to provide clarity on cryptocurrency investment products.
Germany Nears End of Bitcoin Sales
Germany’s large-scale Bitcoin sale is about to end, with only 4,925 BTC left to transfer. This marks a significant reduction in the country’s Bitcoin reserves.
Coinbase Launches On-Chain Wallet App
Coinbase has introduced a consolidated on-chain wallet app, aiming to simplify the user experience for managing multiple cryptocurrencies. The move is part of Coinbase’s effort to improve its service offerings.
JPMorgan Predicts Cryptocurrency Market Recovery
JPMorgan analysts predict a rebound in Bitcoin and cryptocurrency markets in August. The forecast is based on several macroeconomic factors and market trends.
MicroStrategy Announces 10-for-1 Stock Split
MicroStrategy has announced a 10-for-1 stock split, scheduled for four months after Bitcoin’s peak. The move is intended to increase liquidity and accessibility for investors.
Read more cryptocurrency news on the TDR website!