Tag: COIN:BTCUSD
-
Crypto This Tuesday: SBF Trial Begins, Web3 Investments Fall for the 7th Quarter, and More
Bitcoin and cryptocurrencies fall due to rising bond yields, disappointment with ETF launch The price of Bitcoin (COIN:BTCUSD) and other cryptocurrencies has declined in response to a rise in Treasury bond yields and the dismal performance of a new Ethereum ETF. Bitcoin fell below $27,600 after reaching $28,500 the previous day. Rising bond yields tend to reduce…
-
Crypto This Friday: ChatGPT May Boost Crypto Potential, 3AC Co-founder Detained, and More
AI Innovation: ChatGPT Raises Potential in Crypto Industry with Significant Updates Sam Altman, founder of OpenAI, unveiled enhancements in ChatGPT, promising to transform the cryptography sector. The model, known for cryptocurrency price predictions, can now access web information in real-time, overcoming its previous data limitations up to September 2021. This allows for more accurate insights…
-
Crypto this Thursday: Coinbase Obtains License in Bermuda, Tottenham Launches Fan Token, and more
VanEck prepares to launch Ethereum futures ETF Asset manager VanEck, with a $77.8 billion portfolio, plans to launch the VanEck Ethereum Strategy ETF (EFUT), focused on Ethereum futures, amid growing demand for Ethereum-based funds (COIN:ETHUSD). EFUT will invest in ETH futures contracts, settled in cash and traded on exchanges registered with the CFTC, and will be…
-
Crypto this Wednesday: BTC Maintains Stability; Reaction to Moonbeam, Tellor and Bone Tokens, and more
Bitcoin maintains stability amid market turmoil Despite the turmoil in conventional markets and the decline in stocks on Tuesday, Bitcoin (COIN:BTCUSD) and other cryptocurrencies remained largely stable or saw small increases on Wednesday. This could signal a period of relative stability for Bitcoin or indicate concerns for the crypto market. Bitcoin, in particular, has remained around $26,000…
-
Crypto this Tuesday: Chase UK Bans Crypto Transactions, Coinbase Registers with Bank of Spain, and more
Study reveals only 3% of crypto professionals receive salaries in cryptocurrencies According to a study by Pantera Capital, 97% of professionals in the crypto industry receive their salaries in fiat currencies, while only 3% are paid in cryptocurrencies. The majority of crypto earners opt for stablecoins like USDC and USDT, with 13% choosing bitcoin. Cryptography engineers have…
-
Crypto this Monday: HTX and Mixin Network Hacked, Upbit Stops APT Transactions, and More
Bitcoin faces decline and strong dollar Bitcoin (COIN:BTCUSD) opened at $26,000 on September 24, with a significant weekly drop severely impacting its price trajectory. Analysis shows uncertainty in BTC price after briefly breaking $26,000 support. Analysts such as BaroVirtual and Rekt Capital indicate a possible Bitcoin decline to the $22,000 to $20,000 range if resistance is not…
-
Crypto this Friday: Google Cloud Expands Blockchain Support, Bybit Ceases Operations in the UK, and More
Bybit suspends UK services under new FCA rules Cryptocurrency broker Bybit, located in Dubai, has decided to stop its services to UK residents. This decision comes as a proactive response to the imminent regulations set by the UK Financial Conduct Authority (FCA). Starting October 1st, new accounts will no longer be accepted, and changes to contracts and…
-
Crypto This Thursday: Mt. Gox Delay Shakes Crypto Market, Venmo Implements PYUSD, and More
Delay in Mt. Gox settlement impacts crypto market Bitcoin (COIN:BTCUSD), Ethereum (COIN:ETHUSD), and other altcoins such as BNB (COIN:BNBUSD), XRP (COIN:XRPUSD) faced declines, following the decision of bankrupt cryptocurrency exchange Mt. Gox to extend the deadline for their payments until October 31, 2024. Some investors anticipated that this movement could reverberate through the market, with…
-
Crypto This Wednesday: Ledger Controversy Over Keys; Stanford May Return FTX Donations, and More
Grayscale abandons post-merger Ethereum PoW tokens and explores new opportunities with Ethereum and Bitcoin ETFs Cryptocurrency investment firm Grayscale has decided to relinquish rights to proof-of-work (PoW) post-merger Ethereum tokens (ETHPoW) on September 18. The decision came after finding that these tokens did not reach relevant liquidity and the lack of support from custodians. The company took six…
-
Crypto This Tuesday: TON and CANTO Jumped On The Week, USDC Expanded on Polkadot, and More
Circle launches USDC stablecoin on Polkadot ecosystem Stablecoin issuer Circle has introduced USDC (COIN:USDCUSD), a dollar-backed stablecoin, to the Polkadot ecosystem, expanding its presence on new blockchains. Polkadot is a platform that integrates specific blockchains, known as parachains. The native version of USDC has been launched on Polkadot Asset Hub, facilitating its transfer between parachains. Thus, all blockchains…