Tag: COIN:ALGOUSD
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Trading of Ether ETFs Delayed, LINK Performs Well, and More Crypto News
Ethereum ETFs approved but trading still pending The SEC has given the green light to eight Ethereum ETFs from major management firms like BlackRock (NYSE:BLK), Fidelity, and Grayscale. However, the delay in finalizing the S-1 forms, essential for the commencement of trading, might prolong the process. Experts indicate that the sluggishness is due to last-minute…
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Bitcoin Stabilizes at $62,000, SEC Delays Exodus NYSE Listing, and More Crypto News
Bitcoin hovers at $62K amid favorable macroeconomic data On May 9, Bitcoin (COIN:BTCUSD) is showing signs of recovery as new U.S. macroeconomic data revealed an unexpected rise in unemployment claims, hitting a nine-month high. At last check, the cryptocurrency was up 1.4% over the last 24 hours at $62,038. This situation is generating expectations of…
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Crypto This Tuesday: BlackRock Receives $100,000 for Bitcoin ETF, Robinhood’s Trading Volume Grows 75%, and More
Rise of bitcoin and prospects Bloomberg suggests that Bitcoin’s recent surpassing of the $42,000 mark signals the beginning of a possible “super cycle” that could push its value beyond $500,000. This phenomenon is interpreted as a harbinger of significant transformations in the global financial system. The expectation surrounding the approval of a Bitcoin investment fund…
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Crypto this Thursday: Robinhood Aims for British Market, MicroStrategy Expands Investment in BTC, and More
Divergent views: Bitfinex and Pereira analyze the impact of Fed policies and US GDP on Bitcoin’s future Analysts from Bitfinex and Bitget provide different perspectives on the future of Bitcoin (COIN:BTCUSD). While Bitfinex suggests that a pause in the Federal Reserve’s U.S. interest rate hikes at their December 13 meeting could attract more investments in…
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Crypto This Wednesday: Polygon Launches POL on Ethereum Mainnet, Vodafone and Chainlink Boost Commerce, and More
Bitcoin reaches US$35,000 on Wednesday and bold predictions for the end of 2023 Bitcoin (COIN:BTCUSD) experienced a notable rise last week due to news about ETFs that turned out to be misleading. The fact that the price did not retreat after the news correction suggests that other factors are driving the increase, such as investors seeking…
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Crypto This Tuesday: Axelar Joins Forces With Microsoft, Algofi Ends DeFi Protocol, and More
Axelar joins forces with Microsoft to connect public and private blockchains Axelar, a cross-chain protocol, has partnered with Microsoft (NASDAQ:MSFT) to connect public and private blockchains. Axelar will be listed on Microsoft’s Azure marketplace, allowing it to reach thousands of companies using the Azure cloud service. The collaboration aims to integrate established Internet technologies with public blockchains,…
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Crypto This Monday: NEAR Soars After Alibaba Partnership, HSBC Makes Way for Crypto in Hong Kong, and More
Bitcoin holds new support on growing US interest At the open of Wall Street on June 26, Bitcoin (COIN:BTCUSD) price was at $30,500 with new support being held by the bulls. Buyer interest in the US boosted the market, especially due to announcements of institutional product applications based on the spot price of Bitcoin. US-led demand is on…
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Crypto This Thursday: Fortune 100 Embrace Crypto, BitGo withdraws from the acquisition of Prime Trust, and more
Coinbase CEO Seeks to Transform Platform into Global Super-App, Despite SEC Lawsuit Coinbase (NASDAQ:COIN) CEO Brian Armstrong maintains his vision of transforming the platform into a global “super app,” despite the recent lawsuit filed by the SEC. “ I think at Coinbase, in this case, we want to be this super app, but everything will be based on…