The country’s Central Banker says fiat money is more credible than stablecoins because it has the power of government behind it. Source
New Zealand Central Banker Adrian Orr Says Stablecoins Aren’t Stable: Report
Month: February 2024
Bitcoin (BTC) Logs Biggest Weekly Gain Since October as S&P 500 Tops 5K
Bitcoin (BTC), the leading cryptocurrency by market value, rose nearly 13.5% to $48,300 in the seven days to Feb. 12, the biggest single-week gain since October, according to CoinDesk data. At the same time, CoinDesk 20 Index, a measure of the biggest cryptocurrencies, has risen 11%. Original
Signs Point to Fresh BCH Rally Ahead
Bitcoin Cash price rallied over 15% and broke the $275 resistance. BCH is now facing strong resistance near the $282 zone. Bitcoin cash price started a fresh surge above the $250 resistance. The price is trading above $265 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support at $258 on the 4-hour chart of the BCH/USD pair (data feed from Kraken). The pair could continue to move up if it clears the $282 resistance zone. Bitcoin Cash Price Rallies Above $270…
Ethereum Price Signals Uptrend Exhaustion But Dips Could Be Attractive
Ethereum price is struggling to clear the $2,550 resistance. ETH could start a downside correction if there is a move below the $2,475 support. Ethereum is consolidating gains below the $2,550 resistance zone. The price is trading above $2,480 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $2,515 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $2,475 support zone. Ethereum Price Remains Supported Ethereum price…
Bitcoin ETFs Flows Could Propel BTC Prices to $112K This Year: CryptoQuant
CEO Ki Young Ju said on X the “worse case” for bitcoin was at least $55,000, or a nearly 15% bump from Monday’s prices. The targets were made based on the effect of inflows on bitcoin’s market capitalization and a metric ratio that has historically indicated if prices were “overvalued” or “undervalued.” Source
9 Bitcoin ETFs Accumulate 208,878 BTC Worth $10 Billion, Overshadowing Grayscale’s Sell-Off
Since the conclusion of the spot bitcoin exchange-traded fund (ETF) trading sessions on Feb. 9, 2024, the nine freshly launched ETFs have amassed 6,009.49 bitcoin, valued at approximately $288 million. Concurrently, Grayscale’s Bitcoin Trust (GBTC), which evolved into a publicly-traded exchange-traded product, has sold off about 2,252.2 bitcoin, amounting to roughly $108 million. New Bitcoin […] Original
Shiba Inu On Cusp Of Lunar Launch; 1.3T SHIB Barrier On Radar
Shiba Inu (SHIB), the self-proclaimed “Dogecoin Killer,” is wagging its tail with anticipation as it approaches a critical juncture. The meme coin, known for its massive community and playful branding, is on the cusp of breaking through a key resistance level, potentially unleashing a new wave of bullish momentum. Shiba Inu Hovering Around Profitability Cluster Currently, SHIB is hovering around the $0.00001 mark, a price point that represents more than just a number. It serves as a crucial “profitability cluster,” where a staggering 1.3 trillion SHIB tokens reside – tokens…
Will Bitcoin (BTC) Price Go Up After Super Bowl 2024?
Bitcoin price surged above $48,000 on Feb. 9 and again on Feb. 11. Historical market trends suggest Super Bowl LVIII will further intensify investor interest in BTC. The affinity between Bitcoin and the National Football League (NFL) Super Bowl emerged in 2022 when companies like FTX and Coinbase placed landmark ad campaigns introducing cryptocurrencies to a teeming global audience. Historical data trends suggest that with the corporate interest generated by the recent BTC spot ETF approval, Super Bowl 2024 could impact Bitcoin and other cryptocurrency’s prices. Will BTC go up…
FA Hayek’s Foresight: Imagining Bitcoin’s Unstoppable Rise Through a ‘Sly, Roundabout Way’
In recent years, discussions have flourished around the visionary predictions of famed architect and systems theorist Buckminster Fuller, who is said to have anticipated a concept akin to Bitcoin. Similarly, industrial magnate Henry Ford is credited with imagining a novel energy currency with the potential to halt wars. Furthermore, Friedrich Hayek, a towering figure in […] Original
Can Blockchain Solve Healthcare? Nigeria Bets On The Technology To Curb Fake Drugs
Blockchain technology emerges as a potential robust solution to the persistent issue of counterfeit medicines in the pharmaceutical sector. According to Goldstein Market Intelligence’s forecast, the estimated impact of counterfeit medicines is a staggering $5.3 billion this year. Despite these challenges, industry experts express optimism about the transformative impact of blockchain technology in addressing this pressing concern. Is Blockchain The Solution To Counter Fake Drugs? In a recent interview with Sunday PUNCH, Oluseyi Akindeinde, the CEO of Hyperspace Technologies, highlighted the potential of blockchain in safeguarding the pharmaceutical sector. Akindeinde…