The ten spot bitcoin ETFs have arguably had one of the most successful launches in history with trading volume and inflows reaching new highs this week, but Bitwise Chief Investment Officer Matt Hougan expects even more demand is on the way. Original
February was undoubtedly an amazing month for Bitcoin, with the cryptocurrency going on a 39% surge to cross over $60,000. Notably, price history has shown this is the second most profitable February in the history of Bitcoin and the most profitable February in 11 years. Indeed, many market players have anticipated this price surge to continue throughout 2024 as the next Bitcoin halving approaches. According to an analysis from trading expert Peter Brandt, the price of BTC is set to skyrocket to $400,000 after the next halving. Crypto Expert Peter…
London, United Kingdom, February 29th, 2024, Chainwire The eco-friendly crypto project Green Bitcoin has seen its limited-time presale phase cross $1 million in funding. With an innovative gamified staking model and energy-efficient foundation, Green Bitcoin offers token holders a way to stake their tokens and generate yield. Gamified Staking Model Offers Unique Way to Earn Green Bitcoin’s gamified staking model offers a unique twist, token holders can try to predict Bitcoin’s daily price movements, and if they are successful they can earn rewards that vary based on accuracy and stake…
The crypto enterprise Coinbase, rooted in San Francisco, experienced an influx of online visits that surpassed the tenfold increase anticipated by their projections. Brian Armstrong, the CEO of Coinbase, shared updates about the heightened traffic following the exchange’s operational hiccups, which coincided with bitcoin’s climb to $64,000 on Wednesday. Coinbase Traffic Spike Surpasses Expectations Coinbase, […] Original
The central point of the bank’s estimated production cost range is currently around $26,500, which would mechanically double to $53,000 post-halving. The bitcoin network could also see a 20% decline in its hashrate after halving, which would reduce the BTC estimated production cost and the price to $42,000, the report said. Source
In the world of digital assets, real world assets on-chain private credit brings the process of lending and borrowing against real-world assets onto a blockchain. Source
According to Cardoso, Nigeria’s anti-corruption agency, police and national security adviser had started investigating crypto exchanges, the FT reported. The agencies want to see a list of past and present Binance Nigeria users, a person familiar with the matter told the newspaper. Source
BlackRock unveiled its partnership with Brazil’s B3 stock exchange to launch the iShares Bitcoin Trust ETF’s Brazilian Depositary Receipts on Thursday. The impending launch marks BlackRock’s first foray into the Brazilian cryptocurrency ETF market, with trading set to commence for qualified investors on Friday. The ETF, initially introduced in the United States in January, will soon be accessible to retail investors in Brazil. The Bitcoin ETF, trading under the code IBIT39, aims to replicate BTC‘s performance and introduces a management fee of 0.25%, temporarily reduced to 0.12% for the first…
Bitcoin spot trading volumes on centralized exchanges returned to peaks last seen when FTX crashed amid daily sustained demand for ETFs investing in crypto’s top currency. Trading volumes for spot Bitcoin (BTC) skyrocketed to a 16-month high on Feb. 28, with $34 billion worth of cumulative trades on CEXs, according to Kaiko data. Binance was at the forefront of BTC trading on the day and recorded over $17 billion in Bitcoin trading volume. Bybit trailed behind at $3.5 billion, while Coinbase reached nearly $3 billion as the platform experienced a…
The price of Shiba Inu (SHIB) has surged by 28% in the last 24 hours and 45% in the last seven days. Today’s surge can be attributed to a confluence of factors, including a rekindling meme coin frenzy, actions by crypto whales, a favorable chart setup, and significant partnerships and ecosystem expansions. Here’s an in-depth look at these pivotal elements fueling SHIB’s impressive rally. #1 Meme Coin Frenzy In the wake of yesterday’s significant Bitcoin surge, there’s seemingly a noticeable resurgence of interest in higher-risk investments within the crypto sphere.…