Bitcoin’s price ascends to $71,800, marking a 4% rise on Tuesday, spotlighting the Bitcoin price prediction debate. Amidst growing consumer trust and market dynamics, only a fraction anticipates Bitcoin reaching $75,000 by year’s end. Factors like the surge in ETF interest, the “bitcoin halving,” and regulatory shifts shape this outlook, hinting at a potential upward...
On April 7, Blockstream CEO Adam Back criticized the newly launched Defiance 2X Short MSTR ETF (exchange-traded fund). The ETF was created to short MicroStrategy, one of the most recognizable holders of Bitcoin. The Blockstream CEO shared his views on an X thread, calling the ETF a “terrible product” unlikely to yield the desired results....
The long-awaited trial of alleged Mango Markets crypto criminal Avraham Eisenberg got underway as jury selection began in Manhattan federal court Monday. Eisenberg is accused of stealing an estimated $110 million out of the crypto exchange Mango Markets by utilizing their cryptocurrency MNGO for fraud. Originally arrested in December 2022, Eisenberg is facing one count...
Russian fintech firms have begun joining the country’s digital ruble pilot, as the Central Bank looks to widen the scope of its CBDC project. Per the Russian media outlet Cnews, SimbirSoft and Sinara Lab will help the Central Bank and its banking partners “implement the digital ruble software products in online and mobile banking applications.”...
Costa Rica has been one of few jurisdictions worldwide where cryptocurrency is commonly accepted asset. However, there are still legal obstacles concerning the ownership and trading of Bitcoin. According to Jan3, a prominent crypto tech firm, the Latin American nation is considering a potential crypto law. The legislation would “compromise the ability to freely use...
The surge of Bitcoin (BTC/USD) past the $70,135 mark signifies a robust uptrend, igniting speculation about its trajectory towards $80,000. Amidst prevailing market optimism and pivotal movements, this ascent reflects a broader acceptance and growing confidence in Bitcoin’s potential as a leading digital asset. Let’s jump into Bitcoin price prediction. Coinbase Warns of Challenges in...
South Korean tax officials in the city of Pohang are set to seize crypto from 5,208 residents who failed to pay local taxes. The move is part of a national crackdown. The drive saw tax officials seize almost $29 million in coins and fiat in 2023. Per Kyungbuk Shinmun and Daegu Shinmun, the individuals have...
Bitcoin’s subtle dip to $67,800 on Saturday stirs speculation, spotlighting our Bitcoin price prediction: could we see it soar to $70,000 soon? This question gains weight as Genesis injects $2.1 billion into Bitcoin, counterbalancing market tremors and signaling robust confidence in its future. With major financial players like JPMorgan and Goldman Sachs now navigating the...
HashKey Group has officially launched its new global trading platform, offering over 20 cryptocurrencies and targeting international users not served by HashKey Hong Kong. According to the latest report by the Hong Kong Economic Journal, HashKey COO Livio Weng stated that the new platform has secured the digital asset business license in Bermuda to provide...
Mergers and acquisitions (M&A) financing activities in the cryptocurrency sector through the first quarter of 2024 are up 22% compared to the previous quarter, according to a research note from Architect Partners. In an announcement, the firm said, the uptick in M&A activity is good news, but still below the pace of the peak year 2022....