Day: March 13, 2024

Is Bitcoin becoming a first-class asset?

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As Bitcoin reached an all-time high, discussions at the Web Summit Qatar 2024 spotlighted its journey toward becoming a first-class asset.  Bitcoin’s (BTC) volatility has long been a key point for traditional investors to dismiss the largest cryptocurrency as a first-class asset. Investors typically view first-class assets as stable, less risky, and offering consistent returns. Examples include government bonds from stable countries, blue-chip company stocks, and top-rated corporate bonds.  However, a recent analysis showed that despite its inherent volatility, BTC has seen annual price declines in only four years since…

ceτi AI Announces Successful Launch of Revolutionary Decentralized AI Infrastructure Token – Blockchain News, Opinion, TV and Jobs

Portland, Oregon, March 13th, 2024, Chainwire ceτi AI, a pioneering decentralized artificial intelligence infrastructure provider, is thrilled to announce the successful launch of its CETI token. Founded by a team of visionaries led by Dennis Jarvis (formerly of Bitcoin.com and Apple), ceτi AI is on a mission to democratize access to AI by building a globally distributed, high-performance, intelligent, and scalable infrastructure network that supports innovative decentralized AI networks.Through these efforts ceτi AI fosters innovation and developer engagement across the globe.   Launched on March 11th, 2024 on Uniswap, the CETI…

Number Of Ethereum Short-Term Holders Increasing – Is A Bull Rally Next?

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Ethereum (ETH) has been showing a solid performance lately, leaving investors both ecstatic and wary. The world’s second-largest cryptocurrency, boasting a market capitalization of nearly $480 billion, recently surpassed the coveted $4,000 mark for the first time since December 2021, igniting a flurry of bullish predictions. But is this a genuine resurgence, or are we witnessing a temporary blip before a potential correction? Let’s dissect the forces at play. Proponents of a sustained uptrend point to a confluence of positive factors. The long-awaited approval of a US-based Ethereum ETF is…

Indonesia’s Finance Regulator Issues New Crypto Regulation to Strengthen Industry

Earlier this month, OJK has been teaming up with financial authorities from Malaysia, Singapore, and Dubai to build a comprehensive crypto policy. These international collaborations, including drafting Memorandums of Understanding with Malaysia’s Bank Negara, Singapore’s Monetary Authority, and Dubai’s Virtual Asset Regulatory Authority, aim to establish a solid framework for crypto policy. Source

EU Regulators Publish Batch of Draft Rules for Stablecoins Under MiCA

The RTS published lays out the “requirements, templates and procedures complaints received by issuers” of what MiCA defines as asset reference tokens (ARTs). Unlike stablecoins that are pegged to the value of one currency like the euro or U.S. dollar, ARTs – such as Libra (later Diem), proposed by Meta a few years ago – can reference several of them or other assets like cryptocurrencies. Source

As Bitcoin updates highs, community enters euphoria zone, Glassnode notes

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Bitcoin’s surge to new all-time highs signals its entry into the euphoria zone, accompanied by substantial capital inflows driven by the success of spot Bitcoin ETFs. Bitcoin has finally entered the fourth cycle in its history as its price keeps growing beyond the $70,000 mark, Glassnode analysts said, adding that the interest surrounding the cryptocurrency appears to be transitioning it into the euphoria zone. Bitcoin’s euphoria zones by cycles | Source: Glassnode According to on-chain data analysis, the Bitcoin Realized Cap, a measure of the total wealth stored in BTC…