Bitcoin price springs 5% to $62K as US jobs data boosts rate cut bets

Bitcoin and Ethereum spot ETFs began trading in Hong Kong, but day-one trading volumes were a fraction of those recorded in the United States in January 2024.

The United States Deputy Treasury Secretary argued that decentralized privately-issued digital currencies can shift some functions from the state to the private sector.Deputy Secretary of the Treasury Justin Muzinich presented his view on the emerging ecosystem of financial intermediation and digital currencies at an annual banking and payments conference in New York on Nov. 21.…

The decentralized finance sector has been steadily growing and has begun to see the fruits of its labor. But while there is much hype surrounding DeFi projects and applications, particularly during Bitcoin’s (BTC) uncharacteristic lack of volatility, there is still a long way to go. The technology is still in its early stages, yet even as…

Russian state nuclear energy corporation (Rosatom) will develop "advanced" digital technologies, such as blockchain, according to Rosatom IT department head Evgeniy Abakumov, cited by corporate outlet Strana Rosatom Monday, October 1.As per Abakumov, Rosatom intends to focus on three areas of new technologies, namely blockchain, artificial intelligence and the Internet of Things (IoT). "We are…

Bitcoin would be a more popular safe haven than the U.S. dollar, the Japanese yen or the Swiss franc, according to a new survey. 1108 Total views 3 Total shares Major cryptocurrency Bitcoin (BTC) could become a top three asset in the event of a theoretical debt default in the United States, according to a…

Ethereum ETFs may spark a new "altseason," traders suggest, with Bitcoin losing market share after hitting two-year highs.

When the sentiment in the market turns bearish, every bit of negative news, however insignificant, pulls the price down as traders panic sell. This is what happened after China’s social media giant, Weibo, suspended a number of crypto-related accounts and triggered fears that a wider crackdown could occur.In other news, a note from Goldman Sachs…

Taiwan’s crypto watchdog has drafted 10 guiding principles for virtual asset service providers operating in the country. 129 Total views 1 Total shares East Asian country Taiwan is reportedly planning to put restrictions on unregistered overseas crypto exchanges operating within its jurisdiction as a part of its incoming guidance for virtual asset service providers (VASPs). On

Volatility and funding rates surge, but large BTC holders continue to accumulate. 4199 Total views 15 Total shares As the institutional investment narrative continues to play out, on-chain metrics show the continued accumulation of BTC in large addresses is still ongoing, with an increase of 9% during the previous 30 days alone. This was slightly…