Over the past year, crypto whales have been selling off BTC. The price of BTC is now 58% below the ATH it reached in November 2021. Due to its high level of unpredictability, cryptocurrency is not enticing to big investors. Santiment, a blockchain analytics company, found that over the past year, Bitcoin (BTC) whales have …
Why Are Crypto Whales Investing in Global Treasuries? Read More »
On Wednesday, while the dollar was weakening due to increased expectations of dovish signals from the Federal Reserve, Bitcoin achieved a three-week high, and Ethereum reached its best level since the merge. By 22:27 ET, Bitcoin was up 4.6% to $20,201, trading above $20,000 for the first time in three weeks, while Ethereum was up …
In its Digital Asset Fund Flows Report, released on October 24, a European cryptocurrency investment firm revealed that digital asset investment products saw cumulative outflows of $5 million over the previous week. This period started in September 2022. The most significant decline was in investment product volumes, which fell to $758M during the week. This …
Investments in Cryptos Have Halved, Was It All a Bubble? Read More »
The Bitcoin community isn’t sure whether the currency’s price will rise or fall in the upcoming year. Most experts and technical indicators predict it will bottom in the months between $12,000 and $16,000. A probable recession that might endure until 2024, at least in Elon Musk’s estimation, as well as a volatile macroeconomic climate, stock …
According to experts, a regulatory framework for digital assets should be published in the next stage. The South African regulatory body sees cryptocurrencies as a digital representation of value. The rules provide provisions for South African-based Defi firms and cryptocurrency exchanges. The Financial Sector Conduct Authority (FSCA) of South Africa has declared that cryptocurrencies are …
Cryptos Are Considered As Financial Products in South Africa Read More »
American song producer Eric Finnerud, known by his stage as E-Smitty, forecast that the cost of XRP will rise to five digits soon. Investors have grown increasingly optimistic about ripple’s chances of succeeding in its legal battle with the SEC over the past month, which has led to a sharp increase in the price of …
The investigator starts looking into the Celsius network and its staff. Over the previous 24 hours, the cost of CEL has decreased by 4.57%. Trading and investor activity for CEL has slowed down. According to a recent document, an examiner from JENNER & BLOCK LLP started an examination into CEL after Celsius filed for bankruptcy …
Risk assets may see a welcome rebound after the October Empire State Manufacturing Index results significantly below forecasts. Bitcoin (BTC) got close to $19,529 at the opening of Wall Street on October 17 as the price of U.S. shares approached $20,000 per share. Stocks advance as the U.S. dollar declines. BTC/USD reached $19,672 on Bitstamp …
BTC Finally Reaches $20K Threshold After Shocking U.S. Data Read More »
The idea behind decentralized autonomous organizations (DAOs) was to make them immune to regulation. Federal authorities are now focusing not just on a DAO but also on its investors. In the Web3 community, there is a great deal of concern about regulation and the legitimacy of cryptocurrency initiatives. The Commodity Futures Trading Commission (CFTC), which …
As the nation continues to roll out a central bank digital currency, China’s central bank said on Wednesday that transactions utilizing the digital yuan had exceeded 100B yuan ($13.9B) as of August 31. The People’s Bank of China, also called PBOC reported this week that the expenditure encompassed 360M transactions in trial zones across 15 …
More than 100 Billion Yuan in Digital Currency Spending Read More »
Beginning in early 2023, Google will enable cloud payments made in cryptocurrency with the assistance of Coinbase (NASDAQ: COIN). Coinbase will be able to use Google’s cloud infrastructure rather than Amazon’s (NASDAQ: AMZN) Web Services cloud, thanks to the strategic collaboration. For a small number of Web3 clients, Google will accept cryptocurrency payments; after that, …
Cloud Payments Will Soon Be Available Via Google Read More »
In the world of cryptocurrencies, many individuals think that Bitcoin will soon hit $10,000. According to a market analyst, the idea’s popularity is a terrible indicator of such a reality. The former Twitter CEO bought 4,709 BTC for $10,000 for his company two years ago. Most cryptocurrency community believes that Bitcoin (BTC), the most costly …
As the US dollar continues to strengthen, the relationship between Bitcoin (BTC) and gold has reversed, weighing on both commodities, according to a blog post by institutional-level cryptocurrency market tracker Kaiko. What Is Shaping the Market? The connection between BTC and gold has often been between a negative 0.2 and a positive 0.2 from the …
According to analysts, BTC will surpass the “most important assets” in H2 2022. Global interest rate rises push down asset values, but Bitcoin is starting to outperform commodities and tech shares. The best month for Bitcoin (BTC) was October, according to Mike McGlone, a senior commodities analyst at Bloomberg Intelligence, with almost 20% on average …
Santiment data reveals that whales have been progressively building up their Bitcoin holdings. They have added around 46,173 BTC to their wallets since September 27. At the moment, BTC is worth more than $20,000. Santiment, a blockchain analytics firm, has found evidence of persistent Bitcoin accumulation in crypto whales. According to the statistics, BTC wallet …
Wales Are Becoming More And More Invested in Bitcoin Read More »
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