The prices of leading cryptocurrencies took a downturn: Bitcoin dropped to around $69,000, while Ethereum approached the $3,500 threshold for a potential dip. Notably, XRP, Cardano (ADA), Solana (SOL), and other prominent altcoins experienced substantial declines as well. Major Crypto Prices Today The price of Bitcoin decreased by 2.57%, amounting to $69,161.00 as of Wednesday, … Read more
In January, the debut of US Bitcoin spot ETFs drew in a massive influx of institutional investors, amassing over $12.3 billion in total assets. Surprisingly, these Bitcoin ETFs have seen significant interest from affluent international investors, notably from India. Indians Use Remittance Quota to Invest in Bitcoin ETFs Wealthy investors in India have found a … Read more
In simple terms, the way cryptocurrencies are handled globally is changing significantly. This month, Hong Kong plans to introduce Bitcoin ETFs for the first time. Coincidentally, the U.S. SEC recently approved Bitcoin Spot ETFs, suggesting that digital currencies are becoming more accepted in traditional financial markets. Significantly, Hong Kong’s adoption of these investment tools is … Read more
On Tuesday, it was reported that STFIL, a platform facilitating the staking of Filecoin (FIL) tokens, disclosed an ongoing investigation by Chinese authorities against their team. The whereabouts of their FIL tokens, previously under their management, have become uncertain and transferred to an unidentified wallet outside their reach. The Filecoin Foundation is currently looking into … Read more
According to on-chain analysis, the appetite for Bitcoin among long-term investors (HODLers) now exceeds the rate at which new coins are being released through mining – a significant milestone that has not occurred before. Bitcoin Demand From Accumulation Addresses Is Higher Than Miner Issuance According to Julio Moreno, the head of research at CryptoQuant, there’s … Read more
During a recent Senate Banking Committee meeting, Republican Senator Thom Tillis of North Carolina called for a more lenient regulatory approach towards the cryptocurrency sector as the 2024 presidential election draws near. He highlighted the importance of striking a balance between encouraging industry expansion and combating illegal financing activities. This stance reflects growing attention towards … Read more
Based on information from CNBC, representatives of Bitcoin spot ETF providers have voiced doubts that the SEC will give the green light to comparable Ethereum spot ETFs. Anxious investors, among them BlackRock, Fidelity, and VanEck, are eagerly anticipating the SEC’s decision on approving Ethereum ETF proposals. However, some applicants express uncertainty regarding the SEC’s approval … Read more
XRP has easily surpassed its 50-day Exponential Moving Average (EMA), signifying a potential shift in trend. This EMA serves as a boundary separating the bullish and bearish markets, making XRP‘s successful jump over it an indicative and robust message. XRP’s price has moved past the 50-day moving average and is now aiming for the next … Read more
Japan’s Prime Minister Kishida Fumio has announced his intentions to enhance cooperation between Japan and the US in the field of artificial intelligence (AI). As reported locally, Kishida aims to address Japan’s deflationary trend while prioritizing economic growth. Notably, South Korea recently declared plans to invest vast sums of money into developing advanced AI chips … Read more
According to a recent consumer poll conducted by Deutsche Bank, there’s a divided opinion among respondents about Bitcoin‘s price trend moving forward. This pessimistic viewpoint emerges as Bitcoin‘s value has experienced significant ups and downs, much like a rollercoaster ride. The asset reached a new record height not long ago, only to experience a substantial … Read more