Bitcoin broke through the critical $60,000 barrier at 8:30 a.m. Eastern Time on Wednesday, reaching a level last seen in November 2021. The leading cryptocurrency’s market value is on the brink of overtaking Meta, positioning it as the ninth most valuable asset in the world by market capitalization. Bitcoin Climbs Past $60,000: A New Era […] Original
Bitcoin price action continues to pick up steam following unprecedented institutional demand amidst an asset supply that’s on the brink of being slashed by 50%. Today, the BTCUSD trading pair has broken cleanly above $60,000. What does this mean for the top cryptocurrency by market cap? Are new all-time highs just ahead? Bitcoin Trades Above $60,000 For First Time Since 2021 Just one month ago, Bitcoin was still stuck below $50,000 and the launch of the first ever US spot BTC ETFs were considered a sell the news event. Now,…
The price of Bitcoin crossed the $60,000 mark for the first time since Nov. 21, 2021. According to CoinMarketCap data, Bitcoin (BTC) is trading at $60,250 at the time of writing. For a moment, the price rose to around $60,500. Bitcoin increased by about 6% in a day and by more than 18% in a week. Source: CoinMarketCap Against the background of the growth of the Bitcoin rate, the asset dominance indicator increased to 54.4%, and the volume of liquidations on futures contracts in the crypto-asset market rose to more…
Crypto industry experts examined how approving a Bitcoin (BTC) ETF in the U.S. accelerates institutional investment in cryptocurrencies and mass adoption of BTC. According to crypto.news reporter, at the Qatar Web Summit on Feb. 28, experts agreed that ETFs open Bitcoin to a new class of professional investors by providing regulated investment vehicles. The discussion was held between Animoca Brands CEO Robby Yung, Dfinity Foundation founder Dominic Williams, and Delta Blockchain Fund founder Kavita Gupta. Additionally, experts expressed optimism that institutional interest in Bitcoin through ETFs is accelerating mainstream technology…
Oliver Michel, CEO of Tokentus Investment AG, has made a bold assertion in the latest episode of Crypto Talk – a series produced for German television in collaboration with Der Aktionaer, regarding the future role of Ripple and XRP. Michel, leading one of Germany’s prominent venture capital firms, provided a deep dive into the operational excellence of Ripple Labs and the transformative potential of XRP within the financial sector. Ripple IPO And XRP Price Expectations Michel praised Ripple Labs for its professional management and strategic direction, aiming for a major…
“This is a critical voter block which Katie Porter must win to advance,” Josh Vlasto, a spokesman for Fairshake, told CoinDesk. “We are making sure the 8 million crypto owners in California – who are disproportionately young voters who support Democrats – know about her hostility toward the technology and how that would hurt American jobs.” Source
“Existing stablecoin models lack transparency and equitable value distribution, privatizing their gains and socializing their losses, and going against the ethos that web3 was built on,” Person said in the release. “Usual is proud to be addressing this void by providing a permissionless, real-asset backed stablecoin that shares our profits directly with the community, and empowers our token holders to guide us to the future that they see fit.” Source
ARKB has been among the more successful of the 10 spot bitcoin ETFs launched on Jan. 11. As of the end of the day Monday, the fund had accumulated 33,274 bitcoin and assets under management above $1.8 billion, which is the third highest among the issuers. Only Fidelity’s Wise Origin Bitcoin Fund (FBTC) and BlackRock’s iShares Bitcoin Trust (IBIT) have attracted more capital. Original
Liquid restaking protocol ether.fi has raised $23 million in a Series A round led by Bullish Capital and CoinFund. Source
CryptoX – Cryptocurrency Analysis and News Portal The country’s facing a crippling foreign exchange crisis and looking for ways to limit capital outflows, including via crypto. Source The post Binance Nigeria Moved $26B Worth of Untraceable Funds in 2023, Central Bank Chief Says: Reports appeared first on CryptoX. CryptoX Portal