Month: April 2024

Latam Insights: Venezuela to Leverage USDT for Sidestepping Sanctions, Chivo Wallet Disregards Hacking Allegations

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Venezuelan oil company PDVSA could use USDT to sidestep U.S. sanctions, Chivo Wallet denies hacking allegations, and Nubank expands its crypto functionality in Brazil. Venezuela Might Use USDT for Sidestepping Sanctions Venezuela is […] Source CryptoX Portal

Chart Veteran Peter Brandt Says the Bitcoin Bull Market May Be Over

boss

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Australia to launch spot Bitcoin ETFs by end of 2024: Bloomberg

boss

Australia gears up for a crypto boom as the country’s largest securities exchange is poised to list its first spot-Bitcoin ETFs by the end of 2024. Australian Securities Exchange (ASX) is anticipated to greenlight the first spot Bitcoin exchange-traded funds (ETFs) for the main board by the end of 2024, following the previous approvals of such financial products in the U.S. and Hong Kong. According to a Bloomberg report, at least several issuers are already working on launching their products on ASX, including BetaShares, VanEck, and DigitalX. However, a specific…

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

boss

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

boss

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?

boss

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…