Month: April 2024

Bitcoin drops below $69k; AI altcoin newbie set for surge

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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. Bitcoin’s plunge below $69,000 sends shockwaves through the crypto market, while the new AI cryptocurrency InQubeta gears up to change blockchain investments amidst the turmoil. Bitcoin’s latest plummet below the $69,000 threshold has sent ripples through the cryptocurrency market, affecting the stock performance of major industry players like MicroStrategy and Coinbase. This downturn, happening just weeks before the anticipated Bitcoin halving, has stirred speculation and analysis within the crypto…

Latam Insights: Paraguay Targets Bitcoin Miners, Brazil Mulls Crypto Taxation Changes

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Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Paraguayan lawmakers introduce a bill to ban cryptocurrency mining, Brazil to change crypto taxation framework, and a poll finds that Latam believes CBDCs might help combat corruption in the region. Paraguayan Lawmakers Introduce […] Original

BIS Announces Project Agorá: Central Banks Bet on Tokenization for Cross Border Settlements

The Bank for International Settlements, the central banks’ bank, announced the launch of Project Agorá, a joint private-public initiative seeking to examine the potential benefits of tokenization for improving cross-border settlements. Agorá includes the participation of seven central banks and private institutions to be convened by the Institute of International Finance (IIF). BIS to Explore […] Source CryptoX Portal

Borroe Finance’s ROE presale shows promise and could outpace BONK and SUI

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. While BONK (BONK) and SUI (SUI) have experienced a price downtrend, Borroe Finance (ROE) has emerged as a beacon of hope to their holders.  ROE’s thrilling presale journey has become ever-praisable and could potentially outrun BONK and SUI after its official release. Let’s learn more about these top DeFi coins. Borroe Finance: Unlocking wealth opportunities Despite being a presale token, Borroe Finance has become a burning hot commodity among…

Skybridge Founder: Bitcoin Halving Not Priced in — BTC Has ‘a Lot More’ Upside

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Skybridge Capital founder Anthony Scaramucci remains bullish on bitcoin, dismissing the notion that the potential benefits of the upcoming halving are already priced in. He emphasized that bitcoin has significant room for further growth, noting that the crypto could “trade to half of the valuation of gold,” which translates to a potential six to tenfold […] Original

Fed Governor Bowman Insists High Inflation Could Necessitate Future Rate Hikes

Inflation in the U.S. has remained persistent, experiencing increases in the first two months of 2024, prompting members of the U.S. Federal Reserve to exercise caution against premature rate reductions. Federal Reserve Governor Michelle Bowman has voiced considerations for elevating interest rates, diverging from market anticipations of rate reductions within the year. Bowman’s concerns primarily […] Source CryptoX Portal

Coinbase Reaches ‘Crucial Milestone’ in Canada With Restricted Dealer Registration

Cryptocurrency exchange Coinbase has announced that it has reached “a crucial milestone” in Canada by obtaining registration as a restricted dealer in the country. “Ranked as Coinbase’s third-most crypto-aware nation globally, Canada boasts an enthusiastic tech ecosystem that has the potential to be a leader in the global cryptoeconomy,” Coinbase noted. ‘Crucial Milestone in Coinbase’s […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Ancient Ethereum Whale With Over 12,000 ETH Creates Noise

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The Ethereum market is buzzing after a long-dormant “whale” – a major investor holding a vast amount of cryptocurrency – resurfaced and transferred a significant amount of ETH to the Kraken exchange. This move has sparked speculation about a potential price drop, but wider market trends suggest a more complex picture. On-chain analytics firm Spot On Chain has disclosed that the investor, who participated in Ethereum’s Initial Coin Offering (ICO) in 2014, recently deposited 1,069 ETH, valued at roughly $3.56 million, to Kraken. Traditionally, deposits to exchanges are seen as…

Bullish March Marks Record for Bitcoin – Blockchain News, Opinion, TV and Jobs

By Matteo Greco, Research Analyst at the publicly listed digital asset and fintech investment business Fineqia International (CSE:FNQ). Bitcoin (BTC) concluded the month of March at approximately $71,300, marking a 16.6% increase from the previous month’s closing value of around $61,150. This monthly surge represents a historic milestone for BTC price action. March witnessed the seventh consecutive month of price growth for BTC, a first since its inception. The sustained price appreciation began in Q4 2023, as market participants anticipated a high probability of BTC Spot ETFs approval in January. This anticipation was followed…