NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: SOL Strategies: The First Solana Treasury Company Listed On Nasdaq
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: SOL Strategies: The First Solana Treasury Company Listed On Nasdaq

Crypto Tidbits: LedgerX Bitcoin Futures, Federal Reserve Rate Cut Bullish, Square Booms

Nick Chong
Nick Chong
1 year ago
3 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Another week, another of Crypto Tidbits. Over the past seven days, Bitcoin actually managed to regain some of its bullish steam. As of the time of writing this, the cryptocurrency is trading at $10,500, just $200 of the weekly high established on Friday.

While BTC is still around 30% short from its year-to-date high of $14,000, there have been many analysts pointing out that this recovery has triggered a number of technical signals that indicate further Bitcoin price appreciation.

This week was also great for industry news. There were setbacks, like the debacle LedgerX found itself in. But the past seven days have been days of growth for most in the cryptocurrency ecosystem.

Even on the coverage side, Bitcoin’s prospects were bullish. Former Trump advisor Steve Bannon claimed that cryptocurrencies have a bright future; a U.S. Senator opined that he believes that digital assets and related technologies are inevitable, echoing the thoughts put forth by Congressman Patrick McHenry.

Related Reading; Crypto Tidbits: Bakkt’s Bitcoin Futures, Monex & Libra, Andrew Yang PAC Accepts BTC

Bitcoin & Crypto Tidbits

  • Kraken Acquires Institutional-Centric Crypto Firm in Major Transaction: Announced on Wednesday, top Bitcoin exchange Kraken has made a large acquisition, picking up Interchange. Interchange is an accounting and reporting service for institutions with operations in the cryptocurrency market, meaning that this purchase is one of Kraken’s latest attempts to make a splash in the institutional side of the industry. This transaction will allow for the San Francisco-headquartered platform’s institutional clients to better manage their portfolios, by offering accounting, reconciliation, and reporting products. This is Kraken’s latest acquisition in a matter of months. Earlier this year, the firm picked up Europe-centric cryptocurrency futures platform Crypto Facilities for a “nine-figure” sum. Later, it brought on Cryptofinance.ai, a data analytics firm.
  • Blockchain.com to Launch Exchange, Looks to Rival Coinbase & Binance: In a similar string of news, Blockchain.com, the massive cryptocurrency wallet provider, launched its own digital asset exchange. Called “The PIT”, a likely reference to the structure of physical equities markets (where traders would enter a “pit”), the new product promises to be much faster than and as liquid as Coinbase, Binance, and other competitors. An excerpt from the firm’s release reads: “We built an all-star team of veterans from NYSE, TD Ameritrade, Google, Goldman Sachs, UBS, Interactive Brokers, and Revolut, to build it from the ground-up […] And what we delivered is not only the fastest in crypto by an order of magnitude – we measure in microseconds, not milliseconds – but a matching engine that could go head-to-head against any machine engine in the entire world.”
  • LedgerX Bitcoin Future Not Approved by CFTC, Despite Firm’s Assertion: This week, LedgerX revealed that it would be launching a Bitcoin Futures contract, one that would be physically-deliverable. This sparked mass clamor in the industry, with many claiming that this could be a bullish price action catalyst. However, the U.S. Commodity Futures Trading Commission (CFTC) later told outlets that it had yet to approve the exchange to launch such a vehicle. Indeed, LedgerX had yet to report volume data for that Bitcoin futures product. It isn’t clear exactly what is going on, as the CFTC seemingly did grant LedgerX the proper licensing just a few weeks back.
  • Federal Reserve Cuts Rates, and That’s Bullish for Bitcoin: For the first time since the Great Recession, the Federal Reserve has cut interest rates by 25 basis points. The American monetary authority is likely trying to catch up to European banks and some Asian banks, most of which have rates close to zero or even negative. According to Tom Lee of Fundstrat Global Advisors, the increased liquidity that lower interest rates will bring will be a clear boon for Bitcoin.
  • Bitcoin.com Looks Into Offer Bitcoin Cash-Centric Platform: Bitcoin.com, the controversial webpage headed by Bitcoin Cash proponent Roger Ver, will soon be launching a digital asset exchange that will have BCH as its leading base pair. The details are still a bit spotty, but the startup intends to launch the platform in September and may support fiat transfers. When the exchange launches, it will join Bitcoin.com’s vast roster of products, which already includes a news portal, marketplace, mining pool, and gambling portal.
  • Square Sees Crypto-Related Revenues Double: Pro-crypto fintech firm Square has seen its Bitcoin-related revenues double from Q1 2019 to Q2 2019. Announced in the firm’s latest shareholder letter, its flagship product, Cash App, sold around $125 million worth of the leading cryptocurrency in fiscal Q2. According to some estimates, this equates to around 15,000 BTC.
Featured Image from Shutterstock
Tweet123Share196ShareSend
Nick Chong
Nick Chong

Nick Chong

I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Solana

Solana Power Play: Galaxy, Jump Crypto, Multicoin Behind New $1.6 Billion Treasury Strategy

Solana (SOL) experienced a notable 6% price increase to start the week, following the announcement of a new initiative involving...

Ronaldo Marquez 2 hours ago
Cardano

Cardano Pushes Past $0.85: Falling Wedge Breakout Confirmed?

Cardano has just seen a surge beyond the $0.85 mark, potentially confirming a bullish breakout forming in the asset’s 4-hour...

Keshav Verma 3 hours ago

Wall Street Pepe燃燒30億WEPE 青蛙的Solana接管計畫全力推進

Solana 接管計畫全面提速,Wall Street Pepe (WEPE)已在以太坊上燃燒超 30 億枚代幣。自 8 月 19 日以來,想要押注這只加密圈最聰明青蛙的投資者不斷在 Solana 上...

estherw 3 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

Bitcoin’s Most Resolute Diamond Hands Are Only Growing Older, Data Shows

Keshav Verma 30 minutes ago
Dogecoin

Dogecoin Bullish Kumo Breakout, But Can DOGE Overcome The $0.23804 Barrier?

Godspower Owie 1 hour ago
Bitcoin Price Struggles Near $113K

Bitcoin Price Struggles Near $113K – Will Bulls Force a Break?

Aayush Jindal 2 hours ago

Premium Sponsors

Press Releases

  • SNEYD

    SNEYD Mining will be the world’s first choice for...

    10 hours ago
  • Best Bitcoin

    Best Bitcoin Mixer Coinomize.is: Complete Privacy Solution...

    10 hours ago
  • miner

    Institutional capital pours into DOT Miners, pushing XRP...

    11 hours ago
  • 仮想通貨おすすめ:ビットコイン11万7,000ドル予測と3億ドル空売りリスク

    ...

    13 hours ago
  • ドージコイン 今後の課題:0.25ドル突破に苦戦、新しい仮想通貨に資金が流入する9月

    ドージコイン...

    14 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.