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After years of rejections, the United States Securities Exchange Commission (SEC) finally approved a spot Bitcoin exchange-traded fund (ETF), marking the first of its kind in the country with anticipated bullish consequences for cryptocurrencies. In this context, the commission’s voting notice published on January 10 revealed insights into which commissioners supported the product.  Interestingly, Chair Gary Gensler, previously accused of stifling the cryptocurrency sector, voted to favor the ETF. Commissioners Hester Peirce and Mark Uyeda joined Gensler in approving the product. However, only two commissioners, including Caroline Crenshaw and Jaime Lizárraga, voted a gains t its approval . SEC commissioners voting on spot Bitcoin ETF. Source: SEC Divisions among SEC commissioners  Cryptocurrency Elon Musk discusses idea of using Bitcoin on Mars Cryptocurrency Expert offers Bitcoin outlook for coming months after spot ETF approval ...

Bonk (BONK) was trading 12% down as Solana (SOL) moved lower after its recent surge. An analyst says BONK could see a “slow bleed before nuke”, suggesting the downward move could gather pace. Meme coin Bonk (BONK) is trading about 12% down in the past 24 hours, the dip coming amid increased profit taking deals for Solana (SOL). According to data from CoinGecko, SOL price was down 2% to around $112 as the recent rally appeared to hit brakes above $123. These are the levels that Solana traded at as it nosedived in April 2022. As liquidations for the cryptocurrency mounted to over $20 million – more than $12 million in longs – the pullback in SOL reflected in the Solana ecosystem tokens such as Bonk, Orca and Jito. Bonk swelled more than 10x amid major exchange listings by Binance and Coinbase. The gains also saw a massive demand for Solana Saga phones. What next for BONK? While BONK remains the third largest by market cap behind Shi...

Despite a more positive scenario in the last weeks for the Pakistani Rupee (PKR) a gains t the US dollar (USD) in the forex market, PKR has lost half of its purchasing power a gains t Bitcoin (BTC) in 2023. Data retrieved by Finbold from CoinMarketCap ’s price index shows 1 BTC being traded at close to Rs3.77 million on January 1, for a 99% price appreciation from the leading cryptocurrency to the legal tender currency in Pakistan, now changing hands at Rs7.51 million per Bitcoin by press time. BTC/PKR 1-year price chart. Source: CoinMarketCap In this context, Bitcoin can also be considered as a valuable index in the financial market, due to its characteristics of a global and supranational peer-to-peer electronic cash system, which has also been used as a store of value versus weaker assets and currencies. And BTC is doubling down in value a gains t the Pakistani Rupee. Notably, the highest surge happened during the first quarter of 2023, with a first local high being set for Bi...

Bone ShibaSwap (BONE), the governance token for the ShibaSwap DEX and one of the Shiba Inu ecosystem tokens, has skyrocketed 25% over the past week. The impressive run has been supported by a noticeable surge in daily active addresses since July 28. BONE failed to capitalize on the altcoin rally within the broader market on July 13, triggered by the favorable ruling in the Ripple case. Despite a marked uptick registered by several altcoins, BONE saw a meager 5.42% increase.  Notably, the bears quickly erased the asset’s modest gains, leading to a 12% decline five days later. The bearish situation coincided with a significant drop in daily active addresses, as investors’ interest declined drastically amid exhaustion of an earlier rally. You might also like: BONE surges 21% with rising Shibarium utility BONE registers bullish momentum However, BONE embarked on a solo rally following the dip on July 18, registering intermittent gains on the heels of a renew...