Spenser Reed

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The cryptocurrency market’s recent downtrend appears to be coming to an end, with JPMorgan’s latest research suggesting that most long position liquidations have been completed.

JPMorgan forecasts limited downside for crypto markets

Spenser Reed - August 27, 2023 0

JPMorgan’s analysts consider Bitcoin’s declining open interest a sign that the current price trend may weaken. The cryptocurrency market’s recent downtrend appears to be coming...

Several prominent crypto commentators have criticized the new crypto tax reporting rules recently put forth by United States President Joe Biden.

Crypto community reacts to Biden’s proposed crypto tax reporting rules

Spenser Reed - August 27, 2023 0

Many prominent crypto commentators are concerned that this will make crypto firms even more reluctant to do business in the United States. Several prominent crypto...

PayPal's recently released stablecoin PayPal USD is facing challenges gaining traction, on-chain data reveals.

PayPal’s PYUSD struggles with early adoption

Spenser Reed - August 26, 2023 0

PayPal’s stablecoin debut raised hopes for broader adoption and an introduction of cryptocurrencies to the masses. Early adoption trends paint a different picture. PayPal's recently...

Investment firms ARK Invest and 21Shares have teamed up to apply for two Ethereum futures exchange-traded funds after reports emerged last week that the United States securities regulator could soon begin approving applications.

ARK Invest, 21Shares join queue to offer Ethereum futures ETF

Spenser Reed - August 26, 2023 0

The co-filing comes just a week after reports emerged that the Securities and Exchange Commission is likely to greenlight Ethereum ETF applications. Investment firms ARK...

Binance.US tapped MoonPay to restore some U.S. dollar ramps for users after being crypto-only for the past two months.

Here’s what happened in crypto today

Spenser Reed - August 23, 2023 0

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs,...

The financial media often points out Bitcoin’s correlation to big tech. “Bitcoin is trading like a tech stock” is a common narrative alongside BTC's often acute inverse-relationship with the United States dollar.

What are the 3 assets most correlated with Bitcoin?

Spenser Reed - August 23, 2023 0

Bitcoin price is closely linked to several financial assets but the reasons for correlation with certain precious metals and stocks can be quite different. The...

YouTube released its “principles” for working with players in the music industry on artificial intelligence (AI) technology on Aug. 21.

YouTube releases ‘principles’ for working with music industry on AI tech

Spenser Reed - August 22, 2023 0

The streaming platform revealed three key principles it will abide by as it works with major figures in the music industry to better grasp...

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