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Andrew Kang estimates a high $BTC demand flow this year
12.2.2024
Andrew Kang has put forward an estimate for $BTC demand flow. It comes out to be in the range of $40 billion and $130 billion. The basic foundation of the estimate is that many people continue to underestimate the wealth available for investments in the crypto market or the BTC market. Per their...
XRP Price Prediction as XRP Overtakes USDC Stablecoin in Market Rankings – $1 XRP Soon?
12.2.2024
The XRP price has dropped by 2.5% today, falling back to $0.5182 as the wider crypto market loses 1% in the past 24 hours. These losses come as cryptocurrencies across the board correct a little after a very strong weekend, which saw prices rise largely as a result of ballooning Bitcoin...
Bitcoin ETFs now have $10 billion in AUM
12.2.2024
Bitcoin ETF applications were approved by the US Securities & Exchange Commission in early January this year. Speculation was that the token would experience a significant surge. That could happen in the days to come, but what has certainly happened is a rise in the AUM, which is Assets Under...
Expert Calls for Full Cryptocurrency Regulation in Nigeria to Mitigate Digital Asset-Related Financial Crimes
12.2.2024
Nigeria must fully regulate crypto activities if it wants to curb financial crimes associated with digital assets, a forensic expert has said. The co-founder of A&D Forensics also called on Nigeria to enact laws that would mandate banks to vet service providers before granting them account...
Cheap Energy Cost Fuels Chinese Bitcoin Miners Migration to Ethiopia
12.2.2024
Ethiopia has become a lucrative destination for Bitcoin miners with lower energy costs and friendly government policies driving the move. According to Bloomberg, Bitcoin miners from China and other countries are setting up shop in the East African country followed by energy deals with electricity...
Grayscale: Bitcoin Miners to Lean on Ordinals for Revenue Boost as Halving Cuts Rewards
12.2.2024
In the coming months, Bitcoin is set to undergo a significant event known as “halving,” which will reduce the reward for Bitcoin miners who successfully complete a block. This event, scheduled for mid-April 2024, has historically been viewed as a bullish signal for Bitcoin (BTC),...
Bitcoin Represents 53% of Clients’ Portfolio Holdings in LatAm: Bitso
12.2.2024
Bitcoin (BTC) makes up 53% of user portfolios in Latin America, reveals crypto exchange platform Bitso’s latest Crypto Landscape report. “By the end of 2023, Bitcoin represented 53% of clients’ portfolios in Latin America,” the platform noted. Source: Bitso In the face of economic turbulence...
How can accepting Bitcoin cash transform your business?
12.2.2024
Bitcoin Cash ( BCH) is an electronic cash peer-to-peer system born due to a hard fork from Bitcoin in 2017. It intends to provide fast, inexpensive transactions focusing on scalability and openness. Given that they have bigger block sizes than Bitcoin, BCH enables quicker and cheaper transactions...
Latam Insights: Bukele Wins Presidential Ballot by Landslide, Brazil Strengthens Crypto Tax Oversight
12.2.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Nayib Bukele wins the presidential elections in El Salvador, the Brazilian tax authority finds over 25,000 irregularities in crypto tax statements,...
Bitcoin 'Stronger’ Ahead of Halving: Grayscale
12.2.2024
A slew of newer features means bitcoin is “evolving into something even more” than merely digital gold, a core investment thesis
Bitcoin Price Prediction: BTC Stays Bullish Near $48,500; More Buying Ahead?
12.2.2024
Bitcoin maintains a bullish trajectory, trading near $48,500 on Monday, underscoring a positive outlook for Bitcoin price predictions. Amidst evolving market strategies, Kraken’s executive decision to bypass Super Bowl LVIII advertising highlights a shift from broad, hype-driven exposure to...
Bitcoin Price’s Potential Surge to $112K Fueled by ETF Inflows: CryptoQuant
12.2.2024
Bitcoin price could reach a new all-time high of $112,000 under the influence of significant inflows into spot Bitcoin exchange-traded funds (ETFs). According to a recent report by CryptoQuant, the potential peak of $112,000 for Bitcoin’s price hinges on continued buying pressure from...
US President Joe Biden Sparks Crypto Speculation With Laser Eyes Avatar on X
12.2.2024
US President Joe Biden’s laser-eyed post on his X and Instagram accounts late Sunday intrigued the crypto community. The image posted was captioned: “Just like we drew it up.” Biden’s post follows the Kansas City Chiefs’ victory over the San Francisco 49ers in the Super Bowl...
BlackRock’s Rick Rieder Hints at Expanded Bitcoin Exposure
12.2.2024
Asset manager BlackRock may boost its Bitcoin exposure in the future. That’s according to Rick Rieder, head of global allocation at BlackRock, who is responsible for about $2.4t in assets at the investment firm. In an upcoming episode of the Wall Street Journal’s Take On the Week podcast, Rieder...
Bitcoin Logs Biggest Weekly Gain Since October as S&P 500 Tops 5K
12.2.2024
The S&P 500 look expensive relative to bonds, but that does not imply risk aversion or outflow of money from stocks and crypto and into Treasury notes
Disney to Acquire $1.5 Billion Stake in Epic Games, Aims to Create Joint Metaverse
12.2.2024
Disney, one of the biggest entertainment companies, has decided to acquire a $1.5 billion stake in Epic Games, makers of the known persistent metaverse platform Fortnite. The companies will collaborate to develop a metaverse featuring Disney-owned intellectual properties (IPs) which will benefit...
Bitcoin ETFs Flows Could Propel BTC Prices to $112K This Year: CryptoQuant
12.2.2024
Spot bitcoin ETFs have amassed more than 192,000 bitcoin in holdings, as of Friday, since their launch nearly a month ago
Raging Inferno: Over 3% of All Ether Supply Has Been Burned Since Implementing EIP-1559
12.2.2024
Ethereum has shed a significant part of its supply since the London upgrade, applied in August 2021. According to ultrasound.money, a portal that records several statistics associated with the ETH burn, over 4 million ether (3.2%) have been removed from the network since the adoption of EIP-1559...
9 Bitcoin ETFs Accumulate 208,878 BTC Worth $10 Billion, Overshadowing Grayscale’s Sell-Off
12.2.2024
Since the conclusion of the spot bitcoin exchange-traded fund (ETF) trading sessions on Feb. 9, 2024, the nine freshly launched ETFs have amassed 6,009.49 bitcoin, valued at approximately $288 million. Concurrently, Grayscale’s Bitcoin Trust (GBTC), which evolved into a publicly-traded...
Playdapp Breach: Hacker Mints Tokens Worth $31 Million, Gaming Platform Offers Reward for Silence
12.2.2024
Playdapp, a Web3 gaming platform, recently confirmed that it was a victim of a hacking incident which saw criminals mint tokens worth approximately $31 million. Playdapp said it has offered to reward the hackers if they agree to return the stolen assets and contracts. Crypto Exchanges Urged...