Crypto

In a bold move that has sparked a lot of discussion and debate, Republican representative for Wyoming proposed the idea of creating a strategic Bitcoin reserve for the United States. This idea was presented at the Bitcoin 2024 Conference in Nashville on July 27, with the goal of securing the country’s economic future and solidifying

Wong Ching-kit, a Hong Kong native and self-proclaimed crypto promoter, has found himself in hot water due to his alleged involvement in various criminal activities, including a cryptocurrency scam amounting to over HK$3 million ($384,310). Known as the “Coin Young Master,” Ching-kit has a troubled past that involves brushes with the law, including theft convictions

In the fast-paced world of cryptocurrency trading, meme coins have emerged as a popular and potentially lucrative investment option. These digital assets, characterized by their humorous or quirky branding, have captivated the attention of traders looking to capitalize on short-term price surges and significant returns. One such example is Pepe (PEPE), a meme coin that

In the midst of the crypto bull run of 2021, non-fungible tokens (NFTs) and the cryptocurrencies tied to them emerged as a dominant trend. While the hype has somewhat subsided, the market for these coins still remains active, boasting a total market capitalization exceeding $30 billion according to CoinGecko’s data. A recent ranking by Santiment

With the upcoming US presidential elections featuring a diverse range of candidates such as Donald Trump, Kamala Harris, Robert Kennedy, the possibility of a new leader has raised questions about the future of the cryptocurrency market. Among these candidates, Robert Kennedy stands out with his pro-crypto policies, sparking speculations about the potential impact on Bitcoin’s

Ferrari, the renowned Italian luxury sports car manufacturer, is set to expand its cryptocurrency payment system to its network of European dealers by the end of July. This strategic move is aimed at further modernizing the payment options available to customers across Europe. By leveraging digital currencies, Ferrari intends to streamline transactions and attract a

The launch of spot Ethereum ETFs was met with anticipation, but the immediate results have been quite underwhelming. Comparisons have been drawn to the spot Bitcoin ETF launch earlier in the year, where the numbers tell a different story. On the first day of trading, the nine spot Ethereum ETFs saw solid net flows of

The year 2024 has been eventful for the cryptocurrency industry, with significant developments occurring not only for Bitcoin but also for Ethereum. The validation of almost ten exchange-traded funds tracking Ethereum’s performance, approved by the US Securities and Exchange Commission, marked a milestone for the digital asset. However, the initial days of trading for these

Jan van Eck, the CEO of VanEck, an investment management company, recently expressed his confidence in Bitcoin during the BTC Conference in the United States. He revealed that he has allocated more than 30% of his portfolio to the primary digital asset, showcasing his bullish outlook on the cryptocurrency. Van Eck, known for launching spot

Kennedy is proposing a bold idea – for the federal government to purchase Bitcoin until its value matches the nation’s gold reserves. This would mean acquiring approximately 9.4 million BTC, or 45% of the total Bitcoin supply. His belief is that Bitcoin is an “honest currency” that should be treated with the same regard as

As several Ethereum ETFs went live this week, there was anticipation for a positive price impact. However, the reality was quite different as the price fell by over 10%, turning the ETF launch into a sell-the-news moment. The support level at $3,300 also flipped into a resistance, indicating bearish sentiment. If buyers fail to reclaim

The upcoming Bitcoin options expiry event on July 26 is set to see around 61,200 contracts with a notional value of $4.26 billion. This particular expiry is larger than usual due to it being the end of the month. The put/call ratio for these contracts stands at 0.61, indicating that almost twice as many long

A Bitcoin mining device called “Bitaxe,” with a hashrate of only 500 gigahashes per second (Gh/s), defied the odds by mining a block on July 24. This achievement is remarkable considering that the device has just a 1 in 1.1 billion chance of achieving this feat every ten minutes. Produced by D-Central Technologies, the Bitaxe

As the legal battle between Ripple and the United States Securities and Exchange Commission (SEC) continues, experts are divided on when a resolution might be reached. While Ripple’s CEO hints at a potential agreement “very soon,” others like American attorney Fred Rispoli and Jeremy Hogan have made predictions ranging from July 31 to the end

The second day of trading for spot Ethereum ETFs saw a significant shift in investor behavior compared to the first day. More than $133 million were withdrawn from the largest financial vehicles, causing a ripple effect in the market. This mass exodus led to a massive price drop in the underlying asset, driving it down

Cynthia Lummis recently raised concerns about the Biden administration’s suggestion of implementing a 30% excise tax on the energy consumed by Bitcoin miners. She believes that this tax could potentially harm the growing Bitcoin mining industry in the United States. Lummis argues that the concerns about environmental pollution and risks to the energy grid, which

BitcoinOS (BOS) developers recently achieved a groundbreaking milestone in blockchain history by successfully verifying the first-ever zero-knowledge proof (ZKP) on the Bitcoin mainchain. This achievement paves the way for unprecedented levels of scalability and functionality for Bitcoin, without the need for changes to its underlying consensus code. Permissionless Upgrades and Decentralization The final verification of

In a surprising turn of events, the defunct crypto exchange Mt. Gox has begun repaying creditors affected by the infamous 2014 hack. This development has garnered attention from the crypto community, with many speculating about the potential impact on the market. Initially, there were concerns that Mt. Gox creditors receiving their long-awaited Bitcoin refunds would

Ethereum’s price has shown signs of bullish momentum as it consolidates above the 100 and 200-day moving averages. After breaking above the critical 100-day moving average at $3,354, the price entered a period of sideways fluctuation, indicating an equilibrium between buyers and sellers in the market. However, with the launch of spot ETH ETFs and

Shiba Inu (SHIB) has experienced a significant drop of 13% in value over the past week, causing concern among analysts. The current downtrend in price has led some to believe that further declines may be on the horizon. One analyst pointed out that as long as SHIB remains within the $0.0000185-$0.0000164 range, its valuation could

The introduction of Ethereum ETFs in the United States marked a significant milestone, especially for Grayscale’s Ethereum Trust (ETHE). On the first day of trading, ETHE experienced a substantial loss of $484 million, raising concerns about the potential impact on the fund’s assets under management. This trend mirrors the challenges faced by Grayscale when converting

In early July, the Coinbase premium turned positive after a period of concern following a dip in mid-May. This shift has sparked renewed interest in Bitcoin among institutional investors, with many analysts viewing it as a potential indicator of a market rally. The Coinbase premium measures the difference between hourly bitcoin prices on Coinbase’s BTC-USD

The approval of several spot Ethereum ETFs has generated excitement in the cryptocurrency market, with traders closely monitoring the potential impact on Ethereum’s price. Amidst expectations of rapid asset accumulation, the launch of these ETFs has reignited discussions around market sentiment and future price trends. While Ether’s price has remained relatively stable in the lead-up

The largest spot Bitcoin ETFs in the US have been experiencing positive inflows, but the price of Bitcoin itself has faced significant retracements recently. Despite reaching close to $67,000, the cryptocurrency has been on a rollercoaster ride in the past few days. A volatile end to the previous business week saw Bitcoin drop from $65,000

In recent developments, Hong Kong is set to launch Asia’s very first Bitcoin futures inverse product on July 23. The CSOP Bitcoin Futures Daily (-1x) Inverse Product, created by China Southern Asset Management Co., Ltd (CSOP), aims to provide investors with an opportunity to profit from declines in Bitcoin’s price. This exchange-traded fund (ETF) will

The latest data on digital asset investments reveals a significant upward trend, with inflows reaching an impressive $1.35 billion last week alone. This marks a substantial increase from the previous weeks, bringing the total inflows over the past three weeks to a staggering $3.2 billion. These figures indicate a growing interest in digital asset products

Ripple’s XRP has recently experienced a significant surge in its price, climbing by 40% in just two weeks. Despite a brief dip below $0.55, the token is currently trading above $0.60, leading many analysts to predict even further gains in the near future. Some industry insiders have even suggested that XRP could reach as high