The latest price moves in bitcoin (BTC) and crypto markets in context for Feb. 29, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Meme coins are taking the lead despite a broader market uptick. Currently, Dogecoin is up 19% today, Pepe has added 16% and Bonk has surged 42%. Traders are also eyeing multi-chain meme coin, Smog, that’s conducting its airdrop and offering staking rewards. DOGE, PEPE, and Bonk soar as BTC steams past $60K The latest meme coin sector pump follows a broader market uptick, with Bitcoin crossing $60K and flirting…
Hunter Horsley, the Chief Executive Officer (CEO) of crypto index fund manager, Bitwise, has stayed highly optimistic about the Bitcoin bullish outlook, predicting that the cryptocurrency will witness a rise to $250,000 sooner than most think. BTC’S Road To $250,000 In a recent X (formerly Twitter) post on Wednesday, Horsley made a bold prediction about Bitcoin, foreseeing the cryptocurrency rising to new all-time highs never seen before. The CEO has stated that BTC could reach $250,000, jumping over four times its current price above $62,000. Furthermore, Horsley has expressed his belief…
MXM, MixMob’s governance token on the Solana blockchain, operates the MXM Esports League and incentivizes players. Source
South Korea’s People Power Party has decided to delay its intentions to relax cryptocurrency regulations indefinitely. This shift includes halting the initiative to lift the prohibition on domestic spot Bitcoin exchange-traded funds (ETFs), a move initially anticipated by market watchers. The decision, as reported by local media, stems from the challenges in achieving consensus with governmental and financial bodies on the framework for cryptocurrency policies. The party had been evaluating proposals to postpone the taxation on virtual assets for an additional two years and to enable corporate investments in digital…
Amsterdam, Netherlands, February 29th, 2024, Chainwire Scantrust and LTO Network Partnering for Secure, Transparent items. Scantrust’s innovative Secure QR codes, a well-known and proven tool against counterfeiting, can now be used in conjunction with LTO Network’s secure, transparent blockchain technology. This allows organizations that depend on critical documents and high-value, luxury goods to have additional options to establish and maintain a new level of trust and accountability. Any item with Scantrust Secure QR codes can have their authenticity verified in a matter of seconds using a mobile phone. With the…
The Information Commissioner’s Office (ICO) and the US Federal Communications Commission (FCC) have signed a Memorandum of Understanding (MoU) which formalises their commitment to work together to protect people from unwanted nuisance calls, spam messaging and the misuse of private and sensitive data. Building on the parties’ existing collaboration on electronic marketing and antispam regulation through the Unsolicited Communications Network (UCENet), the MoU sets out how the authorities will enable greater information sharing in areas such as technical developments, intelligence and the exploration of potential solutions to issues such as…
The assets under management of Hong Kong’s largest futures Bitcoin exchange-traded fund (ETF) have soared by 500%, reaching the $100 million mark since October 2023. Hong Kong-based capital market firm CSOP Asset Management revealed in an interview with Reuters that its exchange-traded product CSOP Bitcoin Futures ETF has experienced a five-fold increase in assets under management (AUM) over the past five months, reaching just over $100 million as local investors pursue the crypto rally. Alessandro Zhu, who oversees crypto products and serves as the deputy head of fixed income at…
El Salvador’s President Nayib Bukele recently shared insights on X about the nation’s Bitcoin investments, revealing a potential profit margin of over 40% from its holdings. Bukele highlighted that despite previous criticisms during Bitcoin’s price lows the current market upswing would result in substantial gains if the assets were liquidated now. El Salvador, which adopted Bitcoin as legal tender alongside the U.S. dollar in September 2021, has no plans to sell its cryptocurrency. The country’s Bitcoin acquisition strategy includes a citizenship program offering expedited naturalization in exchange for Bitcoin donations,…
The Angiolini Inquiry has published its first report, following its review of the murder of Sarah Everard. Information Commissioner John Edwards, who contributed to the inquiry, said: “This inquiry paints a concerning picture of how disciplinary concerns about police officers and recruits are shared. There is no room to hide behind misconceptions of the law on such an important matter: data protection law does not stand in the way of police sharing information about a potential recruit’s previous disciplinary action or warnings, nor does it act as a shield against…