A popular cryptocurrency analyst doubts that Bitcoin dominance will return to the levels it reached in December 2020, before the asset’s price surged approximately 220% within three months. “I don’t think it is going back … Crypto analyst doubts Bitcoin dominance is 'going back up' to 70% againRead more
Month: August 2024
Institutions not so interested in Bitcoin at $58K, metric shows
There’s one leading indicator to show whether there’s institutional interest in Bitcoin at its current price, and it’s not looking good right now, according to a crypto analyst. The seven-day minting ratio — a key … Institutions not so interested in Bitcoin at $58K, metric showsRead more
Solana ETFs will not see significant demand — Sygnum research head
Solana (SOL) exchange-traded funds (ETFs) will not see significant demand among United States investors, Katalin Tischhauser, head of investment research at crypto bank Sygnum, told Cointelegraph. Tischhauser said “miniscule” investor flows into Grayscale Solana Trust … Solana ETFs will not see significant demand — Sygnum research headRead more
Australian regulator claims 58% of crypto ads on Facebook are scams
Over half of crypto ads on Facebook are either scams or violate Meta’s policies, according to Australia’s competition watchdog — citing preliminary research. In 2022, the Australian Competition and Consumer Commission (ACCC) took Facebook parent … Australian regulator claims 58% of crypto ads on Facebook are scamsRead more
$1.6B port investment could revive El Salvador’s Bitcoin City plans
Turkish port and terminal operator Yilport Holdings has committed $1.6 billion to two port projects in El Salvador. This is the largest private investment in El Salvador’s history and could finally bring the Central American … $1.6B port investment could revive El Salvador’s Bitcoin City plansRead more
Why Bitcoin is still poised to break $74K before end of year
Bitcoin’s price dropped by over 25% during the Aug. 5 global market rout. However, emerging signals suggest that this decline could be a bear trap, and the price may return to its course toward a new … Why Bitcoin is still poised to break $74K before end of yearRead more
Expect Bitcoin ETF options to launch before 2025
After gathering dust for months, applications to list options on spot Bitcoin (BTC) exchange-traded funds (ETFs) are finally getting attention from regulators. Expect BTC ETF options to start trading on United States exchanges this year. … Expect Bitcoin ETF options to launch before 2025Read more
Harris campaign’s crypto ‘reset’ questioned amid Fed crackdown
The enforcement action taken by the United States Federal Reserve against the crypto-friendly Customers Bank has sparked speculation that Vice President Kamala Harris’ presidential campaign may not be genuine in its efforts to mend relations … Harris campaign’s crypto ‘reset’ questioned amid Fed crackdownRead more
Bitcoin price must flip $62K to avoid worst ‘death cross’ consequences
Bitcoin can beat its imminent “death cross” if it flips $62,000 to support, the latest analysis says. In a dedicated X thread on Aug. 9, popular trader Benjamin Cowen used history to suggest how bulls might … Bitcoin price must flip $62K to avoid worst ‘death cross’ consequencesRead more
Metaplanet secures 1B yen loan to buy more Bitcoin
Japanese investment firm Metaplanet has just resolved to secure a $6.8 million loan (1 billion Japanese yen) from one of its shareholders to buy more Bitcoin. The loan from MMXX Ventures — a Metaplanet shareholder … Metaplanet secures 1B yen loan to buy more BitcoinRead more
India has no plans to regulate crypto sales and purchases
The Indian government revealed no immediate plans to regulate the sales and purchase of cryptocurrencies as it continues to tighten oversight on crypto-related money laundering and terror financing. During a parliamentary meeting on Aug. 5, … India has no plans to regulate crypto sales and purchasesRead more
News Commentary #1,996 – NewBond announces 250 days online ..?
NewBond announced 250 days online of workflow with investors and made an announcement about latest updates of the website. Let’s see if the program can get the next target of 365 – 366 days, which … News Commentary #1,996 – NewBond announces 250 days online ..?Read more
Robinhood says its 24-hour trading ‘currently operating’
Amid reports suggesting that Robinhood halted its 24-hour trading, the company has declared that the service is currently intact. “Our overnight trading session is currently operating,” a spokesperson for Robinhood told Cointelegraph when asked to … Robinhood says its 24-hour trading ‘currently operating’Read more