Bitcoin sees $1.6b disappears from exchanges; here’s what it means for BTC’s price

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…

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Why Is Binance Tempting Bitcoin Futures Investors With Free Teslas?

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…

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Starknet futures experience a surge prior to a 700 million token airdrop.

overview Scheduled for February 20th, the Layer 2 scaling solution Starknet plans to distribute more than 700 million STRK tokens through an airdrop. The decentralized exchange Aevo’s pre-launch futures indicate an initial price estimate of $1.65, which implies a potential market capitalization of $1.2 billion. This substantial token distribution and the projected market value signify…

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Craig Wright Trial Includes Ninja Anecdote Cited as Proof He’s Bitcoin Creator Satoshi

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…

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JAMBO and APTOS introduce the JAMBOPHONE, a cost-effective blockchain smartphone aimed at global accessibility.

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…

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VeChain introduces sustainable blockchain solutions at Barcelona event.

quick take VeChain advances sustainability via blockchain technology, aligning with UN Sustainable Development Goals (SDGs) and encouraging eco-friendly practices. The ‘Web3’ blockchain model empowers individuals with data ownership, bolstering transparency and trust in sustainable endeavors. VeChain’s X2Earn program incentivizes sustainable actions, promoting adoption and cultivating a sustainability-oriented ethos. VeChain’s recent gathering in Barcelona symbolized a…

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Analyst Kevin Svenson predicts a forthcoming “much larger parabolic expansion phase” for Bitcoin. Here’s the projected timeline.

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…

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Banks seek SEC approval for crypto custodian role amidst surge in Bitcoin ETF demand.

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…

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Hong Kong’s cryptocurrency futures exchange-traded funds achieve outstanding results during the surge of Bitcoin.

quick take Three cryptocurrency futures ETFs in Hong Kong achieved record highs on Thursday, as trading resumed on Wednesday following the Lunar New Year break. Hong Kong’s trio of crypto futures exchange-traded funds reached new price peaks as Bitcoin surpassed $52,000 on Thursday. The CSOP Bitcoin Futures ETF, the pioneer in Hong Kong, surged by…

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