Physical trading is most popular in China’s inland, as places further from the coast are generally poorer so local governments are preoccupied with other matters. Source
2023 was a year of both challenge and stabilization in crypto. Traditional financial services (“tradfi”) entities scaled back their engagement with crypto and DeFi, exploratory partnerships never materialized, legislators cheered and raged at the industry, and more entities and individuals sought safe, trusted choices in crypto. Now, with the recent spot BTC ETF approval bringing more institutional and lower-risk investors into at least tangential engagement with crypto, what will the 2024 U.S. regulatory environment bring to bear, and how will that affect investment and engagement with crypto? Source
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Analysis suggests that holders of XRP, XRPL’s native currency, are considering Bitcoin Minetrix (BTCMTX) in the ongoing presale. So far, the Bitcoin Minetrix presale has raised over $8.7 million. Moreover, more than 558 million BTCMTX staked via the platform’s stake-to-mine protocol. Bitcoin Minetrix allows users to mine BTC via staking Bitcoin Minetrix’s stake-to-mine protocol allows BTCMTX holders to earn cloud mining power simply by staking their tokens. This cloud…
BlackRock reveals that its Bitcoin ETF draws a wide range of investors, reflecting growing interest across different investor profiles in the crypto market. In a recent interview with Bloomberg TV, Rachel Aguirre, Head of U.S. iShares Product at BlackRock, discussed the burgeoning interest in the company’s new spot Bitcoin ETF, IBIT. In response to inquiries about whether an investment in IBIT was being redirected from Grayscale’s GBTC product, Aguirre noted that the firm “observed engagement from various investors, including both retail and self-directed types.” She mentioned that some “investors had…
Bitcoin has been struggling since the launch of bitcoin ETFs and may continue to for some time, according to Wolfe Research. The cryptocurrency has fallen 9% since the Securities and Exchange Commission gave bitcoin ETFs the green light to begin trading in the U.S. on Jan. 10. This is just the beginning of what may be a disappointing first quarter of the year, Wolfe’s Rob Ginsberg said in a note Wednesday. “Bitcoin now faces resistance on multiple fronts,” he said. “Is it going to tank? Probably not. But much like…
Data shows the XRP supply in profit is currently at levels that have historically put the cryptocurrency’s price in a high-risk zone. XRP, Bitcoin, And Ethereum Are All In High-Risk Zone Right Now According to data from the on-chain analytics firm Santiment, Bitcoin, Ethereum, and XRP are assets that may be in a high-risk zone currently when compared to their historical averages. The indicator of interest here is the “Percent of Total Supply in Profit,” which, as its name suggests, tracks the percentage of the total circulating supply of any…
Relatedly, delegation in DAOs won’t go away in this trend towards abstraction, but users will have far more leverage with how their votes get used. For example, GOA can allow scoped delegations guarded by smart account plugins, executed by agents (e.g., only use my votes for one day, or, vote no on any proposal made by Alice). These agents may or may not be actual people. Or, they may be a market (another topic entirely). Source
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Solana price has reclaimed the $100 territory on Jan. 18, but vital on-chain metrics are flashing signals of a prolonged rally toward $120. Following the Bitcoin spot ETF approval verdict, Bitcoin dominance has waned as investors redirect capital towards the altcoin markets. In effect, Layer-1 projects, including Solana (SOL), Ethereum (ETH), and Cardano (ADA) have witnessed increased demand this week. Solana network usage has hit a 2024 peak Solana bulls have fiercely defended the $90 support level amid intense volatility in the cryptocurrency markets. At the time of writing on…
The projects will need refinement so they don’t fall victim to the inherent limitations of the Bitcoin network, according to the authors. One particular upgrade on the radar is Stacks’ Nakamoto Release, designed to enable cheap BTC transfers on a L2, improving transaction speeds to around five seconds instead of 10 to 30 minutes or even more. Original