Day: March 12, 2024

JPMorgan’s Dimon says he will now ‘defend your right to buy Bitcoin’

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Jamie Dimon, best known for his criticism of Bitcoin, cited concerns about its association with illegal activities while acknowledging individuals’ right to invest in crypto. JPMorgan CEO Jamie Dimon now appears to be willing to support individuals’ right to purchase Bitcoin (BTC) following years of sustained criticism. In a recent interview with CNBC, Dimon highlighted ongoing issues surrounding crypto’s involvement in illicit activities such as fraud and terrorism. Despite these concerns, he emphasized his willingness to defend individuals’ right to purchase cryptocurrencies, although he personally seems hesitant to do so.…

Bitcoin ETF ‘Floodgates’ Are Just Opening: Bitwise CIO

In a recent appearance on CNBC’s ‘Halftime Report,’ Matt Hougan, Chief Investment Officer (CIO) of Bitwise Asset Management, shared insights into the burgeoning interest and adoption of spot Bitcoin Exchange-Traded Funds (ETFs). This discussion comes at a time when BTC has shattered expectations, reaching a new all-time high of nearly $72,500. Bitcoin ETF ‘Floodgates’ Are Just Opening Bob Pisani of CNBC highlighted the unprecedented influx of approximately $20 billion into the market following the mid-January launch of 10 new spot Bitcoin ETFs, including $1.3 Billion in Bitwise‘s own BITB. This…

Crypto Fever: Bitcoin Approaching $73,000 Milestone

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Bitcoin has set a new record by surpassing $71,000, solidifying its status as the digital counterpart to gold and overtaking the market capitalization of silver. Bitcoin A Tad Close To $73K This achievement, occurring with remarkable frequency since early March, saw Bitcoin registering a new all-time high of $72,750 today, marking a 5% daily increase and an 12% gain over the past week. The cryptocurrency’s consistent climb underlines its relentless ascent in the financial world. Amid the UK financial regulator’s announcement that it would permit the trading of cryptocurrency-backed securities,…

Binance’s Compliance Head and Africa Manager Detained in Nigeria for Two Weeks: Reports

The Nigerian government had invited the executives to discuss the current dispute with Binance. The duo had landed in Abuja on February 25, Wired reported, citing their families. After the first meeting with government officials, Gambaryan and Anjarwalla were “taken to their hotels, told to pack their things, and moved into a “guesthouse” run by Nigeria’s National Security Agency, according to their families,” the report said. Source

SOL Price Breaks $150 – Why Solana Could Soon Test $180

Solana is gaining bullish momentum above $150. SOL price is showing positive signs, and it could even surpass the $162 resistance in the near term. SOL price started a fresh increase from the $138 support against the US Dollar. The price is now trading above $150 and the 100 simple moving average (4 hours). There is a connecting bullish trend line forming with support at $140 on the 4-hour chart of the SOL/USD pair (data source from Kraken). The pair could continue to rally if it clears the $156 and…