“Every institution is now starting to hold crypto,” according to Coinbase CEO Brian Armstrong, who also emphasizes that “the asset class will be a standard part of every diversified portfolio.” In addition, the CEO mentioned that in the future, organizations will use cryptocurrency for other purposes, like “holding it on their balance sheet, paying their … Read more
Global cryptocurrency funds saw record inflows of $2.45 billion last week, an unusual spike that indicated a sharp increase in investor interest. Due to this inflow, the total assets under management (AUM) has surged to levels not seen since December 2021, indicating a robust recovery in the cryptocurrency market. Record $2.45 billion in inflows propel … Read more
An unidentified hacker gained access to Fixedfloat, an automated cryptocurrency exchange, and stole about $26 million in Bitcoin and Ethereum. The exchange is looking into the incident and trying to close any potential weaknesses; it has already recognized the hack. Until further notice, Fixedfloat’s platform is still closed. $26 million in ETH and BTC are … Read more
According to pricing data from February 19, 2024, there has been a period of consolidation in the price of bitcoin following its recent peak of approximately $52,884. Technical data indicates that the top cryptocurrency asset is still rising and could be ready for another increase in value following this period of sideways trade. Charts with … Read more
Three additional U.S. states have sponsored the Blockchain Basics Act, a set of rules designed to protect people’s cryptocurrency rights at the state level: Mississippi, South Carolina, and Ohio. This action has led to the introduction of comparable cryptocurrency regulations in seven states, including Missouri, and their passage. The Blockchain Basics Act Regulation Now Applies … Read more
Welcome to Latam Insights, a summary of the most important cryptocurrency and economic news from Latin America during the past week. In this edition: Bitso’s research identifies Latam as a bitcoin region, Mexican billionaire Ricardo Salinas Pliego advises investors on bitcoin investments, and Honduras forbids financial institutions from handling cryptocurrencies. Mexican Billionaire Ricardo Salinas Offers … Read more
Since January 28, 2024, the number of daily transactions on the Bitcoin network has significantly decreased, peaking at over 600,000 and now hovering around 300,000 per day. This decline coincides with a reduction in the number of Ordinal inscriptions created each day, which eases congestion and lowers onchain costs overall. Bitcoin Network Activity Slows as … Read more
Over the last seven years, there have been several people in the cryptocurrency community who claim to be the real Satoshi Nakamoto, the person who created the first blockchain and wrote the Bitcoin white paper. However, none of them have been able to persuade the public that they are the real Bitcoin inventors, despite their … Read more
Many market observers and cryptocurrency fans are interested in knowing if there will be a brief drop in price before to the upcoming fourth halving event of the Bitcoin network. In the past, the value of bitcoin has increased six to seven months before reward halvings, but there has also always been a notable decline … Read more
Through its cryptocurrency derivatives division, Binance Futures, Binance has announced a competition where users can enter to win a Tesla Model Y. The competition, which runs from February 18 to March 17, 2024, will take place over four weekly challenges, according to the cryptocurrency exchange. Binance Futures Reveals Daily Crypto Reward Schedule and Tesla Model … Read more