Historically, the focus of many US congressmen and representatives has mainly been on traditional assets like stocks and bonds. Over the years, this trend has sparked controversy, with allegations of insider trading hovering over some politicians who seem to have profited remarkably in the stock market. However, a shift in attention may be underway. In a noteworthy development, a prominent ...
Bybit co-founder and CEO Ben Zhou announced The CryptoArk Keynote address on January 10, in which he showcased the company’s accomplishments and future plans, highlighting its commitment to advancing the digital asset industry. In the address, Zhou outlined Bybit’s most important achievements, including reaching over 20 million users, launching 93 new products, and supporting 96 chains for deposits and withdrawals, ...
Cryptocurrencies are more than just an investment product for price speculation in the short, mid, and long terms. Actually, the different use cases – like crypto payments – bring value and organic demand for the cryptocurrency market to grow healthy. Notably, a report published on January 10, 2024, by CoinGate evidenced this growth, with 4 million transactions processed. In 2023 ...
More false rumors about the Bitcoin spot ETF approval moved the cryptocurrency market in the last 24 hours. The volatility sent Bitcoin (BTC) price up and down on January 9. Notably, Bitcoin traded as high as $47,975 and as low as $45,000 in the same hourly candle at 09:00 pm (UTC). This happened following a sequence of posts by the ...
Wealth concentration is a fundamental aspect to consider when analyzing cryptocurrencies, given the impact whales can exert on price. When talking about XRP, Ripple is the most relevant entity to consider and the biggest whale. In particular, the company controls the top 10 addresses, holding over 42% of all XRP tokens ever created. Interestingly, 38.5% of this featured supply is ...
On January 10, Cookie3, a platform specializing in attribution and user analytics for Web3 marketers, disclosed a strategic collaboration with Chainwire, a prominent platform in crypto PR distribution. This partnership aims to provide Cookie3 clients with enhanced access to Chainwire’s top-tier PR capabilities while offering Chainwire’s clients improved user analytics and attribution insights for their campaigns, per the information shared ...
On Tuesday, January 9, the crypto community experienced a rollercoaster of emotions as news of the long-awaited spot Bitcoin exchange-traded fund (ETF) approval circulated. However, the initial euphoria was short-lived as the tweet announcing the approval was mysteriously deleted. SEC Chairman Gary Gensler attributed the incident to a purported hacking of the SEC’s X profile. The fake approval triggered chaos ...
MicroStrategy Inc. (NASDAQ: MSTR) has been considered an indirect Bitcoin spot ETF due to its treasury exposure to Bitcoin (BTC). The stock market now wonders if a Bitcoin ETF approval could negatively impact MSTR stock with capital outflow. By December 27, 2023, MicroStrategy held 189,150 BTC in its treasury – worth approximately $8.5 billion. Interestingly, MicroStrategy Bitcoin holdings already surpass ...
With the expectation that the most recent drive to list a spot Bitcoin exchange-traded fund (ETF) in the U.S. will be successful – with a possibility of an SEC approval coming as early as Wednesday, January 10 – another separate but related battle is taking shape. The ten applicants – VanEck, Bitwise, Fidelity, Franklin, Valkyrie, Hashdex, ArkInvest, Grayscale, BlackRock, WisdomTree, ...
While Bitcoin (BTC) has always been a focal point of interest for the crypto community and for those only slightly interested in cryptocurrencies, with various forecasts for its future – both in terms of price and utility – recent months have been particularly rife with hope and speculation. The most recent round of BTC discussions has largely been driven by ...
