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ProShares' Bitcoin Futures ETF Racks Up Biggest Weekly Inflow in a Year
26.6.2023
Open interest on bitcoin futures have surged to the highest levels in a year
Bitcoin ETF fever returns: 'Biggest' inflow to ProShares' BITO in a year
26.6.2023
ProShares’ BITO Bitcoin ETF saw a weekly inflow of $65 million as institutional investors have seemingly regained their mojo for Bitcoin futures
San Francisco Fed President Deems 2 Rate Hikes in 2023 ‘Reasonable,’ Urges Caution in Monetary Policy
26.6.2023
Mary Daly, the president of the San Francisco Federal Reserve Bank, expressed her views this week, stating that she believes two additional rate hikes this year would be appropriate. However, she maintains a neutral stance regarding the forthcoming July Federal Open Market Committee (FOMC) meeting...
Record High Credit Card Debt: 55% of Americans Concerned About Repayment as Inflation Pushes Consumers to Credit Reliance
24.6.2023
According to a Newsweek poll conducted by Redfield & Wilton Strategies, 55% of Americans are “very” or “fairly” concerned about paying off credit debt this year. The total credit card balance of Americans is at its highest point since the U.S. Federal Reserve began...
$30K to $50K — 6 AI-Powered Chatbots Attempt to Predict Bitcoin’s Price by the Year’s End
24.6.2023
With bitcoin price up more than 15% against the U.S. dollar, people are more bullish about the leading crypto asset’s market performance. Two weeks ago, Bitcoin.com News asked several AI-powered chatbots whether they believe bitcoin will become a reserve currency. This time, we posed...
Bitcoin, Ethereum Technical Analysis: BTC Reaches 1-Year High Above $31,000 to Enter the Weekend
24.6.2023
Bitcoin jumped to a one-year high to start the weekend, as the token climbed above $31,000 late on Friday night. After starting the month mostly in the red, prices have strongly rebounded this past week, rising by as much as 15%. Additionally, ethereum was briefly back above the $1,900 mark....
Bitcoin Hits One-Year High, Soars Past $31.3K
23.6.2023
The largest cryptocurrency by market capitalization has been surging this week after three financial services giants filed applications for spot bitcoin ETFs
Binance Launches Regulated Crypto Exchange in Kazakhstan
23.6.2023
Licensed since last year, the world’s largest digital asset exchange, Binance, has now launched a trading platform in Kazakhstan. The move comes amid increased pressure from regulators in other jurisdictions, like the U.S., and after Binance’s decision to pull out of several European markets....
Fed Chair Powell Signals More Rate Hikes This Year as Taming Inflation Has ‘Long Way to Go’
21.6.2023
Federal Reserve Chairman Jerome Powell has signaled more interest rate hikes this year. “Given how far we’ve come, it may make sense to move rates higher but to do so at a more moderate pace,” the Fed chair told U.S. lawmakers. “Inflation pressures continue to run high, and the process of getting...
Bitcoin Breaks $30K Amid TradFi Push Into Crypto
21.6.2023
The world's largest cryptocurrency by market value, bitcoin, had not reached levels above $30,000 since June 2022
The New Detective Pikachu Game Still Exists And It's Coming This Year
21.6.2023
Detective Pikachu has more mysteries to solve. The Pokémon spin-off sequel still exists and is just a few months away with a Switch release date of October 6, 2023. Read more
Dollar Reliance Shrinks — China’s LNG Deal With Qatar Challenges ‘Frenemy’ Status With US
21.6.2023
This week, China and Qatar strengthened their bond through a significant development on Tuesday. China National Petroleum Corporation (CNPC) and Qatarenergy inked a 27-year deal, outlining China’s commitment to procure liquefied natural gas (LNG) from Qatar on an annual basis. Under...
Anticipation Builds as US Central Bank Eyes Two More Rate Hikes, Targeting 5.6% by Year-End
20.6.2023
After the U.S. central bank refrained from boosting interest rates last week, investors now anticipate two more hikes that may elevate the federal funds rate to 5.6% by the year’s end, climbing 50 basis points (bps) from its present level. CME’s Fedwatch tool indicated on Tuesday that...
Hong Kong says Cyberport attracted 150 Web3 firms in a year
19.6.2023
The country’s Financial Secretary says state funding and support have helped draw Web3 innovators to the digital hub
Bitcoin Dominance Reaches Two-Year High Amid Regulatory Challenges for Altcoins
16.6.2023
Bitcoin’s share of the overall crypto market capitalization, the so-called Bitcoin dominance, is close to reaching a two-year high amid a regulatory crackdown on altcoins and crypto companies in the US.
As of Friday at press time, the Bitcoin dominance stood at 47.8%, just below a short-lived peak...
Crypto Exchange Okx Gets MVP Preparatory License From Dubai Regulator
16.6.2023
Crypto exchange platform Okx Global has been granted the minimal viable product (MVP) preparatory license by the Dubai regulator, the Virtual Assets Regulatory Authority (VARA). The latest VARA license has been granted almost a year after Okx received the “provisional virtual assets...
Curve’s (CRV) price hits a 1-year low amid looming liquidation threat
15.6.2023
A risky loan in AAVE and the resulting liquidation threat for CRV have pushed the governance token to a 1-year low, but there is a chance for a powerful short-squeeze
50 Dormant Bitcoins Worth $1.25 Million Wake Up After 12-Year Slumber
15.6.2023
A dormant Bitcoin address holding 50 Bitcoin, valued at approximately $1.25 million, suddenly sprang to life on June 15 after being inactive since June 21, 2010. This month has seen only one 2010 block reward transfer, with the previous two taking place on May 22, 2023. $1.25 Million in Bitcoin...
Fed Pauses Interest Rates After 10 Consecutive Hikes; Committee Likely to Raise Rates ‘Somewhat Further’ This Year
14.6.2023
In accordance with market predictions, the U.S. Federal Reserve decided to halt its rate hike this month after ten consecutive hikes since last year. The members of the Federal Open Market Committee (FOMC) asserted that the U.S. banking system is still “sound and resilient,” and...
Bitcoin Supply on Exchanges Slides to Three-Year Low
14.6.2023
Supply is likely dropping as traders and investors increasingly choose to self custody bitcoin holdings amid regulatory and exchange risks