Month: February 2024

What Bitcoin’s IPO Moment’ Means For Price

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In a statement via X (formerly Twitter), Hunter Horsley, CEO of Bitwise Invest, shared insights from a recent memo to advisors and institutional clients penned by Matt Hougan, Bitwise’s Chief Investment Officer. The memo heralded the onset of a new era for Bitcoin, likening its current trajectory in the financial markets to having an ‘initial public offering’ (IPO) moment, signaling a major shift in price discovery mechanisms for the cryptocurrency. Bitcoin’s IPO Moment Hougan’s memo elaborates on the seismic shift within the Bitcoin investment landscape, stating, “Previously, only a fraction…

Republican Senators Cruz, Hagerty, Scott, Budd, Braun File Bill to Ban Fed From Issuing a Digital Dollar

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Bitwise expert pegs 50/50 chance for Ethereum ETF nod, eyes $88k Bitcoin peak by 2024

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A Bitwise researcher, Ryan Rasmussen, has indicated a balanced perspective on the potential approval of spot Ethereum Exchange-Traded Funds (ETFs) in the upcoming months, assigning a 50% probability to both possible outcomes. During an interview with Yahoo Finance on Feb. 26, Rasmussen expressed uncertainty regarding the market’s readiness for such a development, as per the Securities and Exchange Commission’s (SEC) preferences. “It’s about a 50/50 percent chance that we’ll see approval or we’ll see rejection,” the analyst said suggesting a split probability for the future of spot Ethereum ETFs. This…

Bitcoin surpasses $56k, traders betting on further rise

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Bitcoin (BTC) has been consistently rising over the past month and is getting close to its all-time $68,800 in November 2021. Now traders are betting on a further price rally, according to Santiment. BTC is up by 9% in the past 24 hours and is trading at around $56,200 at the time of writing. The flagship asset’s market cap surpassed the $1.1 trillion mark with a market dominance of 51.9%.  BTC price, whale activity, open interest, funding rate and RSI – Feb. 27 | Source: Santiment As Bitcoin gained bullish…

Man Allegedly Vanishes After Crypto Exchange Accidentally Sends Him $585,000: Report

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A man in Australia has reportedly disappeared after a crypto exchange mistakenly sent his account more than $585,000. According to a new Australian Broadcasting Corporation (ABC) report, cryptocurrency trading platform Rhino Trading Pty Ltd, which operates OTCPro, allegedly slipped up and added a zero to an account deposit made by 37-year-old Mildura man Kow Seng Chai. The platform’s efforts to make contact with Chai to have the money returned were not successful and the company turned to the courts. Court documents cited by ABC show that the crypto exchange successfully…

Crypto Exchange Kraken Shares ‘Real Story’ of SEC Lawsuit — Claims SEC Seeks ‘Boundless Authority’ Over Commerce

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Cryptocurrency exchange Kraken has shared what it called “the real story” of the lawsuit against it by the U.S. Securities and Exchange Commission (SEC). Kraken also explained why it is moving to dismiss the case. “Crypto innovators in the United States should not have to fear retaliation for their political speech. They should be free […] Source

Investors monitoring DeeStream as analysts expect Ethereum and Immutable to boom before Bitcoin halving

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. In the changing world of digital money and online content, Ethereum (ETH) is doing well and showing positive progress. Immutable (IMX) seems to be getting better after a difficult period. Bitcoin (BTC) is holding up strong, with positive data suggesting a potential increase before the halving event. At the same time, DeeStream (DST) is leading the way in decentralized streaming. Supporters expect more gains in the days ahead, explaining…

DeeStream set to soar, as Uniswap rallying ahead of Bitcoin halving

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Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company. In the changing world of decentralized finance and new technologies, notable advancements are seen in the crypto community’s predictions. Uniswap (UNI) has gained attention with a recent 75% increase and strategic improvements in the decentralized sector. Meanwhile, forecasts for Bitcoin ETF, influenced by Fred Krueger’s reflexivity concept, suggest significant changes in traditional investment approaches. In the middle…