Emma

The President of the Central Bank of This Country Issues Cryptocurrency Warning: ‘Cryptocurrencies Are Not a Substitute for Fiat Currency!’

New Zealand Reserve Bank Governor Adrian Orr issued a stern caution regarding cryptocurrencies, with a particular focus on stablecoins. Adrian Orr, the Governor of the Reserve Bank of New Zealand, issued a stern caution regarding cryptocurrencies, particularly stablecoins, emphasizing that they cannot supplant traditional fiat currency. The Governor of the Reserve Bank of New Zealand…

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Bitcoin surpassing the $50K mark without retail fear of missing out (FOMO) and excessive leverage is beneficial for BTC.

In the absence of retail trader FOMO and the use of high leverage, Bitcoin price surges above $50,300. Cointelegraph elaborates on the significance of this development. Bitcoin (BTC) rises to $49,752, marking a 17.5% increase in the past week and crossing $50,000 for the first time since December 2021. This surge is partly fueled by…

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Kraken, along with other ETF issuers and prominent players in the crypto industry, opt out of Super Bowl advertising, reports Fox Business.

quick take It’s anticipated that the majority of significant crypto firms will once more refrain from advertising during the upcoming big game, marking the second consecutive year of silence since the remarkable year for crypto ads in 2022. Bitcoin ETF providers BlackRock and Grayscale won’t be advertising either, as their ETFs gained approval after commercial…

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Despite money leaving the Grayscale Bitcoin Trust (GBTC), British investors added £403 million to the market through Spot Bitcoin ETFs.

The third-highest day of inflows for spot Bitcoin ETFs occurred as Bitcoin’s price surged past $46,000, reaching a new multiweek peak, coming close to but staying $2,000 below its yearly highs. On February 8th, spot Bitcoin exchange-traded funds (ETFs) experienced their third-largest surge, reaching a substantial £403 million influx. This surge occurred despite over £100…

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Despite outflows from GBTC, spot Bitcoin ETFs experience a surge as British investors inject £403 million into the market.

On the same day as the third-largest inflow for spot BTC ETFs, Bitcoin’s price surged past $46,000, reaching a fresh multiweek peak, coming within £2,000 of new yearly highs. On February 8th, spot Bitcoin exchange-traded funds (ETFs) saw their third-largest surge, totaling £403 million. This significant inflow occurred despite over £100 million exiting the Grayscale…

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Why Dogecoin should emerge from Elon Musk’s influence in 2024

in brief The disconnect between Musk’s tweets and DOGE’s price movement has been significant. DOGE still holds relevance due to its origins and widespread popularity. While Dogecoin (DOGE) holds the title of being the “original memecoin” and the largest token in this category of cryptocurrencies, its shaky fundamentals are beginning to challenge its dominance. The…

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UK authorities take action: 43 fraudulent web domains blocked in crackdown on cybercrime.

Phishing attacks have caused significant damage in the crypto industry. In an effort to tackle cyber fraud, the National Fraud Intelligence Bureau (NFIB) in the United Kingdom has taken action by blocking 43 web domains linked to fraudulent activities. Led by the City of London Police, this initiative comes after the identification of a spoof…

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Over $1 billion worth of Ethereum left centralized exchanges this week, according to IntoTheBlock.

According to the crypto analytics firm IntoTheBlock, Ethereum (ETH) experienced a significant exodus from centralized exchanges this week, potentially alleviating selling pressure on the ETH market. Lucas Outumuro, the head of research at IntoTheBlock, conducted a thorough analysis of Ethereum’s netflows, which gauge the movement of ETH into and out of centralized crypto exchanges by…

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