Ether set for $3.2K breakout as ETH ETF inflows turn positive
Trump’s election victory has inspired more optimism among crypto analysts, with some expecting Bitcoin to breach $100,000 before the end of 2024, boosting Ether’s price along the way.
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Elon Musk’s Tesla is already $1 billion in profit from holding Bitcoin
Tesla's (TSLA) bold foray into the Bitcoin (BTC) market has been paying off in 2021 as BTC price rallies in October to hit over $58,000 on Oct.14.Tesla currently holds roughly 43,200 BTC, worth roughly $2.5 billion at today's prices, according to online monitoring resource Bitcointreasuries.net. This is approximately 65% or $1 billion more than what the carmaker…
Strategic blockchain investments by HTX Ventures: A mid-year analysis
HTX Ventures’ 2024 Half-Year Investment Report reveals targeted investments in BTCFi, multichain infrastructure and user experience, which aim to unlock Bitcoin’s potential in DeFi and enhance blockchain interoperability.
Crypto in Europe: Economist breaks down MiCA and future of stablecoins
In October 2022, the European Union finalized the text of its regulatory framework called Markets in Crypto-Assets or MiCA. The final vote on the new regulation is scheduled for April 19, 2023, meaning the days of an unregulated crypto market in the EU may soon be over. The MiCA regulations introduce clear guidelines for handling…
Total crypto market cap falls to $840 billion, but derivatives data shows traders are neutral
The total cryptocurrency market capitalization dropped 1.5% in the past seven days to rest at $840 billion. The slightly negative movement did not break the ascending channel initiated on Nov. 12, although the overall sentiment remains bearish and year-to-date losses amount to 64%.Total crypto market cap in USD, 12-hour. Source: TradingViewBitcoin (BTC) price dropped 0.8%…
BitMEX ‘Congratulates’ Binance on Plagiarizing Its Futures Platform Doc
The team at Seychelles-registered crypto exchange BitMEX have accused fellow exchange Binance of plagiarizing BitMEX documents as part of its recent futures testnet launch.On Sept. 4, the platform published a sarcastic tweet, stating:“Congrats on the Testnet Futures launches @binance. Glad to see you enjoyed reading our documentation as much as we enjoyed writing it!”The tweet included…
ETH Futures Case: The Industry’s Feedback to CFTC, Reviewed
On Feb. 17, the United States Commodity and Futures Trading Commission (CFTC) stopped accepting public comments regarding the Ethereum (ETH) mechanism. Previously, as 2018 was drawing to a close, the agency requested the feedback on the cryptocurrency to better understand the technology and how it compares to Bitcoin (BTC).The CFTC, which oversees the futures and…
Helium (HNT), Avalanche (AVAX) and Pickle rally on partnership announcements
Bitcoin (BTC) price continues to defy gravity and its strong bullish breakouts frequently result in short sellers needing to cover their positions in a hurry. A repeat of this happened on Feb. 9 when Bitcoin soared on the news of Tesla’s $1.5 billion Bitcoin purchase. Bybt data shows that about $1.34 billion worth of Bitcoin…
Bitcoin analyst says ‘supply shock’ underway as BTC withdrawal rate spikes to one-year high
As Bitcoin (BTC) continues trading sideways inside the $30,000–$40,000 range, new data is emerging about the potential for a bullish breakout.Is Bitcoin silently readying for a breakout like in Q4 2020? Willy Woo, an on-chain analyst, anticipates a potential supply shock in the Bitcoin market, as long-term holders continued raking BTC supply from short-term ones. Woo stated…