Dennis Porter, CEO and co-founder of the Satoshi Action Fund, recently announced the open-sourcing of a document for enacting Strategic Bitcoin Reserve laws internationally. He stated that several lawmakers are using the legislative model and that a related executive order to implement it could be on its way. Satoshi Action Fund CEO Releases Strategic Bitcoin […] Original
The latest wave of whale accumulation helped Bitcoin get close to its all-time high, surpassing $92,000. Large Bitcoin (BTC) addresses recorded a net inflow of 21,470 BTC on Monday, Nov. 18, according to data from IntoTheBlock. The amount of whale transactions, worth at least $100,000 in BTC, also doubled to $78.37 billion in almost 23,000 unique transactions on the same day, ITB data shows. Bitcoin registered a total of over $228 billion in whale transactions over the last seven days. One of the largest Bitcoin holders purchased the asset on…
Este artículo también está disponible en español. Bitcoin (BTC) started the week by breaking out of a bullish pattern after moving sideways for most of the weekend. The flagship cryptocurrency just started its “parabolic phase,” sitting 3.4% below its all-time high (ATH), which could bring “massive moves” for BTC this week. Related Reading Bitcoin ‘Parabolic Phase’ Just Started Bitcoin has seen a massive surge in the last two weeks, jumping 32% to the $89,000-$90,000 price range. BTC’s remarkable performance saw it soar 11% last Monday, preparing the ground for its…
“Gemini’s research into the French market shows its growing interest in digital assets, and a robust regulatory framework presents a unique opportunity to introduce our platform to the trading community and extend our presence in the European market over the coming months,” Gillian Lynch, Gemini’s CEO of U.K. and Europe, said in a statement. Source
As such, Bakkt’s crypto custody business, which holds digital assets like bitcoin and ether, has struggled and will be excluded from the acquisition. The move comes amid a surge in crypto markets following Trump’s victory, with bitcoin up over 30% in the past 30 days. Source
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Spot Bitcoin and Ethereum exchange-traded funds in the United States have started the week moving in different directions as the broader cryptocurrency market faces consolidation. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $254.82 million in net inflows on Nov. 18, breaking out of a two-day streak of outflows that saw $770.77 million leave the funds. BlackRock’s IBIT led the group with $89.33 million in inflows, following a quiet day with no activity. Notably, the investment manager’s IBIT fund, which holds $43.12 billion in net assets, has…
Gold has been under pressure while Bitcoin has thrived since the US presidential election as the industry expects a strong shift to crypto assets. The leading investment asset, also used as the primary inflation hedge, plunged to a one-month low of $2,543 on Nov. 14, less than a day after the US Consumer Price Index report surfaced — the U.S. inflation rate came at the expected 2.6% in October. Gold price | Source: Trading View Despite its recent surge to $2,623, gold is still down by 2.6% over the last…
“We feel that the ‘easy’ part of the rally has been done and the next stage will be much trickier with more price choppiness and potential for drawdowns,” Augustine Fan, head of insights at SOFA, told CoinDesk in a Telegram message. “Bitcoin dominance remains on a one-way trend higher reminiscent of the mega-cap dominance in SPX, and is not particularly desirable for this stage of the crypto ecosystem.” Source
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…