Tag: COIN:BTCUSD
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Crypto This Monday: 24 CBDCs by 2030, Standard Chartered BTC Price Prediction, and more
Miners face Bitcoin halving challenges The upcoming Bitcoin halving (COIN:BTCUSD), scheduled for April 2024, may pose more challenges for cryptocurrency miners compared to previous halvings. Mining experts say that around half of miners will struggle due to high electricity costs and accumulated debt. Previous halvings have been followed by big Bitcoin price rallies, but the upcoming halving…
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Crypto This Friday: Executives Resign at Binance, Aptos Network Compromised, and More
BitMEX Co-Founder predicts Bitcoin elected by AI and hitting $760,000 According to Arthur Hayes, co-founder of the BitMEX exchange, Bitcoin (COIN:BTCUSD) will become the artificial intelligence (AI) currency, with a potential to reach $760,000 per coin. Hayes argues that as AI becomes prevalent, Bitcoin will become the logical choice of currency due to its unique qualities…
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Crypto This Thursday: BlackRock CEO Supports BTC Accessibility, Circle to Launch Stablecoin in Japan, and More
Circle plans to launch stablecoin in Japan Circle plans to launch a stablecoin in Japan, taking advantage of new regulations in place. CEO Jeremy Allaire sees great potential in Japan if adoption of stablecoins in global commerce increases. He expressed interest in partnerships in the Asian country. Japan implemented a new stablecoin law, becoming one of the first…
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Thursday’s Wall Street Highlights: BofA, Meta, Stellantis, American Airlines and more
US Index Futures operated lower on Thursday morning due to concerns arising from the minutes of the last monetary policy meeting in the United States, which raised fears about the cycle of monetary tightening. By 6:42 AM, Dow Jones futures (DOWI:DJI) was down 140 points, or 0.41%. S&P 500 futures were down 0.41%, while Nasdaq-100 futures…
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Crypto This Wednesday: Binance Academy on Coursera, New AI Tool Revolutionizes Smart Contracts, and More
Valkyrie Funds proposes Bitcoin Spot ETF in partnership with Coinbase Valkyrie Funds has proposed a spot bitcoin ETF with shared surveillance partnership with Coinbase (NASDAQ:COIN). Nasdaq (NASDAQ:NDAQ) is set to list the fund’s shares, and Coinbase is the operator of the largest bitcoin spot trading platform in the US. Major exchanges such as BlackRock (NYSE:BLK) and Fidelity…
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Crypto This Tuesday: Hong Kong to Launch Stablecoin, Coinbase Dominates Market, and More
Justin Bieber’s NFTs suffer 95% devaluation Justin Bieber, famous singer and international star, has been facing losses since joining the notorious Bored Ape Yacht Club (BAYC) of the NFT world last year. The two NFTs he acquired have suffered a 95% devaluation and are now worth much less than what they initially paid. NFTs have gained popularity…
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Crypto This Friday: BCH Topped June Gains, LTC Rises Ahead of Halving, SEC Deems BTC ETFs Inappropriate
Bitcoin Cash Leads Crypto Gains This Month, Up 132.30% Bitcoin Cash (COIN:BCHUSD) was the best performer among digital assets this month, with a gain of 132.30%. The increase was driven by the listing on EDX Markets and increased trading activity on Upbit in South Korea. BCH outperformed Bitcoin (COIN:BTCUSD) in terms of gains. The perceived…
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Crypto This Thusday: Worldcoin launches World ID and integrates Okta in Germany, UK enacts crypto law, and more
DeFi Compound token rises 60% buoyed by Binance exits Decentralized finance (DeFi) protocol token Compound (COIN:COMPUSD) has seen an increase of over 60% in one week, driven by an increase in volume and outflows on Binance. The token is up more than 26% in the last 24 hours. From a low of $22.89 on June 10, the…
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Crypto This Wednesday: Bitcoin Tests 30K Support, MicroStrategy Acquires More BTC, And More
Bitcoin tests $30,000 support Bitcoin (COIN:BTCUSD) retested the $30,000 support on June 28, while the US Federal Reserve remained aggressive on inflation. Powell indicated in Sintra, Portugal, further hikes in interest rates, pushing BTC to operate in a narrow range. Bitcoin’s share of criminal transactions declines, Ethereum stands out According to the TRM Labs report, over…
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Crypto This Tuesday: Fidelity Plans Spot BTC ETF, Robinhood Lays 150 Employees, and More
Bitcoin reacts after reports Fidelity plans to apply for Bitcoin ETF The price of Bitcoin (COIN:BTCUSD) surged following reports that asset management firm Fidelity was planning to apply for a spot Bitcoin ETF. While there was a brief increase to $31,000, it soon returned to $30,500. Fidelity had previously tried to apply for an ETF in 2021,…