Month: February 2024

Geoff Kendrick, an analyst at Standard Chartered, has provided his perspective on the evolving landscape of traditional finance and its convergence with the cryptocurrency sphere, particularly following the introduction of spot Bitcoin Exchange-traded funds (ETFs) in the United States. According to Kendrick, the recent performance of cryptocurrencies, coupled with the emergence of new crypto-based products,…

Investors shifted $1.6 billion in Bitcoin into long-term storage In the initial half of February, Bitcoin has experienced a remarkable surge in market capitalization, propelled by a surge in investor interest flooding into the recently introduced spot ETFs. This surge has seen Bitcoin’s market cap soar by over $200 billion. However, beneath the surface of…

Bitcoin is experiencing a surge, with growing interest in BTC derivatives reaching near-record levels, and cryptocurrency exchanges are capitalizing on the uptick in Bitcoin trading activity. However, the decision by Binance to launch a “free car giveaway” initiative raises questions about their business strategy. Binance recently announced the Futures Ultimate Challenge, a month-long campaign aimed…

Tether (USDT), the leading stablecoin globally, is on the brink of reaching a remarkable milestone with a market capitalization nearing $100 billion. Since the beginning of the year, Tether’s market cap has surged by approximately 7%, climbing from about $91 billion to nearly $98 billion as of now, as per CoinMarketCap data. This surge in…

summary The trial to determine Craig Wright’s claim as the creator of Bitcoin finished its second week. On Friday, Wright’s sister and two other witnesses testified on his behalf. Wright concluded his testimony on Wednesday following accusations of falsehoods and irrelevant claims. COPA’s Trial Unfolds The trial involving Craig Wright, a controversial figure who has…

quick take Jambo and Aptos promote worldwide accessibility to Web3 with a $99 smartphone. Their collaboration facilitates blockchain education for users in emerging markets. The affordable JamboPhone is tailored for Africa, Asia, and Latin America. Aptos Foundation and Jambo Technology have teamed up in a strategic alliance to drive the adoption of Web3 technology in…

Cryptocurrency analyst and trader Kevin Svenson is sharing his predictions for Bitcoin (BTC) in the upcoming weeks and months. In a recent video addressed to his 72,200 YouTube subscribers, Svenson maintains a “bullish bias” on Bitcoin’s future trajectory. He suggests that Bitcoin is poised for significant growth, even in the face of potential short to…

quick take U.S. banks are urging the SEC to amend crypto regulations to enable them to manage Bitcoin ETFs, citing that existing rules impose significant costs on them for providing crypto services. Despite Bitcoin ETFs amassing $4 billion in investments, banks have yet to participate in this sector. Leading U.S. banks are advocating for a…