Day: April 29, 2024

South Africa’s Election Won’t Interfere With Crypto Policy: Industry Watchers

“I think that in South Africa, in particular, the work that has been done on digital assets has been to address problems that in many respects are apolitical, and the approach they’ve taken has been apolitical as well,” John McCarthy, general counsel for global regulatory affairs at Fireblocks, said in an interview with CoinDesk. “It’s also been through an intergovernmental working body, much of which is inherently apolitical.” Source

Australian Securities Exchange (ASX) Could Approve Spot-Bitcoin (BTC) ETFs Before 2024-End: Bloomberg

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Earlier this month, Australia-based Monochrome Asset Management applied for a spot bitcoin ETF with the global listing exchange, Cboe Australia, CoinDesk reported. Cboe Australia is a smaller rival of ASX. At the time of the announcement, Monochrome said it selected Cboe Australia because of its expertise across Asia and broader investor access, among other aspects. Source

Bitcoin supercycle gains momentum as GFOX dominates market

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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. As whispers of Bitcoin’s mythical ‘supercycle’ grow post-halving, Galaxy Fox emerges as a leader in the exploding meme/gamefi market, capturing investor interest with a standout ICO. The cryptocurrency market thrives on anticipation and speculation. With the Bitcoin halving event already concluded, whispers of a legendary “supercycle” are swirling among investors. But is this a dream or a tangible reality? This article dives into the murmurs of a Bitcoin supercycle…

US asset managers increase BTC portfolio allocation as Borroe Finance shines

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Legacy Wealth and United Capital Management have invested $20 million in Bitcoin through Fidelity’s ETF, while Borroe Finance raises nearly $4 million by monetizing future earnings via NFTs. While US Asset Management firms invest over $40.88 million into FBTC to increase BTC portfolio, Borroe Finance (ROE) continues paving its path to become one of the top defi coins. Given its price trajectory and real-life use cases, ROE has emerged…

ADA Price Prediction – Can Cardano Reclaim 100 SMA and Rally?

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Cardano (ADA) is moving lower below the $0.500 resistance zone. ADA could gain bearish momentum and decline if it stays below the 100 SMA (H4). ADA price is slowly moving lower from the $0.520 zone. The price is trading below $0.500 and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance at $0.4740 on the 4-hour chart of the ADA/USD pair (data source from Kraken). The pair could attempt a fresh increase if the bulls remain active above the $0.4280 support. Cardano…

Ethereum Price Reverse Gains, Can ETH Bulls Save The Day?

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Ethereum price rallied above the $3,300 level. ETH tested the $3,350 resistance and recently started a sharp decline below $3,300. Ethereum rallied toward $3,350 before the bears appeared again. The price is trading below $3,220 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $3,250 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it trades below the $3,165 support. Ethereum Price Trims Gains Ethereum price started a strong increase above…