Bitcoin rally faster, stronger because of spot ETFs
As the bitcoin market recovers from last week's correction and reclaims the $70,000 mark, an analysis suggests that this cycle's rally could be even faster due to ETFs. In a recent report, Swiss crypto commodities exchange 21Shares concluded that the current halving cycle could see a faster rally...
Cathie Wood: "Price per bitcoin will eventually reach $3.8 million"
Cathie Wood, CEO of Ark Investments, has claimed that the price of bitcoin (BTC) will eventually reach $3.8 million, citing changing global economic market dynamics. Speaking at a conference in New York City on Wednesday, Cathie Wood pointed to the declining value of traditional investment assets...
BTC's short-term weakness is due to risk-off sentiment ahead of the US FOMC rate decision, and downward corrections are a buying opportunity.
"The recent decline in bitcoin's price is due to investors' risk-off sentiment ahead of the US Federal Open Market Committee's (FOMC) rate decision meeting," said Vetle Lunde, Senior Analyst at crypto research firm K33 Research. "While the market unanimously expects the Federal Reserve (Fed) to...
Bitcoin Trend Shift: BTC New Investor Influx Not Yet In Full Swing, Peaks Far Away
On-chain analyst Crypto Dan writes: "Bitcoin's realized market capitalization and UTXO life distribution metrics show that there hasn't been a full influx of new investors. We're still a long way from the top of the bull market." In other words, we haven't seen a frenzy of investment by retail...
Valkyrie CIO "Open to the Possibility of an XRP Spot ETF"
Steven McClurg, co-founder and CIO of Valkyrie Investments, told The Block that the firm is "open to the possibility of launching a spot ETF for XRP." "Cryptocurrencies are a new asset class, and it took us a long time to get to the point where we could launch a BTC spot ETF. There are a lot of...
Amid predictions that BTC will hit a new all-time high this March on the back of ETFs, opinions are divided on its correlation with equities and mining
In a report released on Friday, Singapore-based cryptocurrency trading firm QCP Capital said, "The massive inflows are likely to continue as global liquidity flows into BTC spot ETFs. BTC could easily hit a new all-time high before March," the report said. "BTC has regained $50,000 for the first...
U.S. Treasury Deputy Secretary "concerned about the use of cryptocurrencies in illicit financial activities"; South Korea arrests two football NFT fraudsters worth 3 billion won
"The Treasury Department is deeply concerned about the use of cryptocurrencies in any illicit financial activity," said Brian Nelson, Under Secretary for Terrorism and Financial Intelligence at the U.S. Department of the Treasury, in a statement released ahead of an upcoming U.S. Congressional...
Announcing Enhancements to Binance's Token Listing Process and Data Leakage Monitoring
"Following the announcement of RONIN's (RON) plans to list on Binance, the price of the coin dropped, raising suspicions within the community that the listing may have been leaked in advance," said Binance co-founder He Yi via X (formerly Twitter). After conducting internal and external...
South Korea's Financial Services Commission asks U.S. SEC to discuss spot BTC ETFs, restricts local banks' ability to issue accounts to coin exchanges, and enforces special laws
South Korean banks will be required to have sufficient anti-money laundering (AML) capabilities when issuing real-name verification deposit and withdrawal accounts (real-name accounts) to virtual asset (cryptocurrency) exchanges, and will also be required to exercise "due diligence" when deciding...
Web3 NFT Market Volatility Coming? Some big news.
0.1 BTC per piece' inscription QuantumCats postpones minting due to overwhelming demand Quantum Cats, an NFT project of the Bitcoin Audience project Taproot Wizards, has postponed its minting scheduled for March 30th at 2:00 PM ET due to high demand. In a statement, Quantum Cats said, "Due to...
0.1 BTC Labeling Quantum Cats Postpones Minting Due To Overheated Demand
Quantum Cats, the NFT project of Bitcoin Oddities project Taproot Wizards, has postponed its minting scheduled for March 30 at 14:00 ET due to overheated demand, according to Coindesk. Quantum Cats said on X: "Due to overwhelming demand, we were unable to process transactions and 30% of all...
Last year, crypto platform hacks dropped by 50%... but number of incidents increased.
Blockchain data analytics company Chainalysis has released a report showing that the amount of funds stolen by cryptocurrency platforms in security incidents dropped by more than 50% last year, but the number of incidents increased. According to the data, $1.7 billion was stolen from crypto...