[ad_1] Bitcoin is weaving through a consolidation phase since marking a new all-time high of $73,777 in mid-March. Since then, Bitcoin’s daily closing prices have exhibited significant restraint, never sealing above $71,500 and maintaining a floor above $54,000, though it has seen a major intraday low touching $49,000. This consolidation phase has nudged the Fear and Greed Index towards a cautious “fear” score of 30, revealing an atmosphere of apprehension amongst traders who find themselves frequently whipsawed by the volatile market dynamics. Is $60,000 The New $10,000 For Bitcoin Price? Despite the prevailing market nerves, some market experts believe that…
Author: dfrancis36
[ad_1] With the commencement of the 2024-2025 football season, another sports sponsorship has been sealed. Today (Wednesday), blockchain firm BlockDAG revealed its three-year deal with German football club Borussia Dortmund (BVB), worth $10 million.The latest deal came after Coinbase, one of the big names in crypto exchanges, extended its agreement with BVB for the next three years. Coinbase first became BVB’s sponsor in 2021. However, the finances of that deal remain unknown.“Partnering with one of the world’s most successful football clubs, boasting one of the largest and most passionate fan bases globally, marks a pivotal moment for BlockDAG,” said Antony…
[ad_1] In a move to broaden access to Bitcoin (BTC) futures for retail investors, CME Group has unveiled a new, smaller-sized futures contract dubbed the “Bitcoin Friday Futures” (BFF). According to Bloomberg, the cash-settled BFF will be priced at one-50th the size of a full BTC, currently around $1,200 per contract. This is significantly more affordable than CME’s existing Bitcoin futures, priced at the full Bitcoin value. CME Unveils Smaller ‘BFF’ Contracts Giovanni Vicioso, CME Group’s global head of cryptocurrency products, explained the rationale behind the venture, highlighting the growing demand for scaled-down investment instruments among retail traders. Vicioso highlighted…
[ad_1] Of late, Floki has been in the headlines, with investors apparently mixing this frenzy with a mix of technical analysis and improving on-chain data. Related Reading Floki, a meme coin named after Elon Musk’s Shiba Inu dog, is making waves within the crypto market. According to analysts such as CryptoAnalystHub and Javon Marks, this token is predicted to see colossal gains. But is this meme coin really due for major upside price action, or are hype and expectations running ahead of the fundamentals? On Falling Wedges And Potential Breakouts CryptoAnalystHub, a prominent analyst on social media, has successfully plotted…
[ad_1] Applications for registration as a cryptoasset exchange or custodian wallet provider have dropped by 51% over the past three years, according to data obtained through a Freedom of Information (FoI) request by global law firm Reed Smith. The Financial Conduct Authority (FCA Financial Conduct Authority (FCA) The Financial Conduct Authority (FCA) is the largest financial regulator for all financial markets in the United Kingdom (UK).The UK regulator is responsible for the conduct of firms authorized under the Financial Services and Markets Act 2000. Moreover, the FCA is also responsible for the regulation of behavior in retail and wholesale financial…
[ad_1] Former President Donald Trump has once again made waves in the digital asset space with the release of his latest series of non-fungible tokens (NFTs) dubbed “The America First Collection.” This marks his fourth foray into the market. This time, however, there’s a unique twist: the NFTs can lead to real-world rewards. From Bitcoin To Boxer The newly unveiled NFT collection includes 50 signature “portraits that celebrate” Trump’s career, capturing key presidential moments with animated art. According to Bloomberg, the new collection features digital interpretations of Trump in atypical scenarios – such as wielding a Bitcoin, wearing boxing gloves,…
[ad_1] Market expert and Bitcoin (BTC) investor Lark Davis has predicted an “insane” trajectory for the crypto market over the next 90 days, with a confluence of factors poised to drive significant growth and change within the digital asset landscape. In a recent social media post, Davis outlined compelling reasons underpinning his bullish outlook for the crypto market. Looming Catalysts Set To Ignite Crypto Market One key catalyst highlighted by Davis is the anticipated potential for rate cuts by the US Federal Reserve (Fed) within the next three weeks. Federal Reserve Chair Jerome Powell’s recent remarks at the Jackson Hole…
[ad_1] On August 26, 2024, New Zealand’s Minister of Revenue, Simon Watts, introduced a new bill proposal into the House that could have major implications for the cryptocurrency ecosystem for the island nation. OECD Crypto Reporting Framework To Be Implemented Titled Taxation (Annual Rates for 2024–25, Emergency Response, and Remedial Measures), the new bill seeks to give legislative effect to the Crypto-Asset Reporting Framework and Amendments to the Common Reporting Standard (CARF) developed by the Organisation for Economic Co-Operation and Development (OECD). The proposed amendments are slated to take effect on April 1, 2026, and require New Zealand-based reporting crypto-asset…
[ad_1] In a move to bolster the usage and adoption of its decentralized finance (DeFi) lending platform, MakerDAO is undergoing a significant rebranding. The lending protocol, founded by Rune Christensen in 2014, will now be known as ‘Sky’, a shift aimed at appealing to a wider user base. MakerDAO Reinvents Itself As ‘Sky’ MakerDAO was one of the earliest applications in the DeFi space, allowing users to trade, lend, and borrow digital assets directly without traditional financial intermediaries. As Bloomberg reports, the platform’s success in the early days of crypto earned it a loyal following among the industry’s most seasoned…
[ad_1] The publicly-listed Bitcoin (BTC) miner from Wall Street (NASDAQ: ARBK) and London Stock Exchange (LSE: ARB), Argo Blockchain, announced today (Wednesday) its interim results for the first half of 2024. The company reported an 18% increase in revenue to $29.3 million compared to the same period last year, achieving growth despite the Bitcoin halving event and a significant decrease in the number of Bitcoin mined.The London-based firm mined 507 Bitcoin during the first six months of 2024, a 46% decrease from the 947 Bitcoin mined in the first half of 2023. This reduction was primarily attributed to the increase…