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....
As the Bitcoin ‘halving’ event approaches in less than two weeks, speculation about Bitcoin price prediction intensifies, with some analysts eyeing the $100,000 mark. Currently, Bitcoin (BTC) has climbed to $69,395, reflecting a modest uptick. This pivotal event, which cuts the mining reward in half, historically triggers significant market movements, igniting debates on its potential...
The stablecoin PayPal USD (PYUSD), issued jointly by payment giant PayPal and cryptocurrency company Paxos, experienced a notable decrease in circulation in March. According to Paxos’ most recent transparency report on PayPal USD, the circulation of PYUSD in March totaled $188.5 million, marking a 39% decrease compared to the previous month. Paxos’ PYUSD Market Capitalization...
Anthony Scaramucci, the founder and managing partner of hedge fund SkyBridge, remains bullish on Bitcoin saying the cryptocurrency has room to run in an interview with CNBC. Scaramucci predicts Bitcoin price will reach $170,000 by the end of this cycle, citing factors like adoption adding spot Bitcoin exchange-traded funds playing a big role in Bitcoin’s...
Spot Bitcoin (BTC) exchange-traded fund (ETF) flows are anticipated to remain robust leading up to the Bitcoin halving, according to Santiment, an on-chain analytics firm. In a recent post on X, the company noted that Bitcoin ETF volume has not slowed down since the asset’s mid-March all-time high. Santiment said that trader activity continues to be higher than...
A significant phishing campaign targeting users of the Ethereum blockchain explorer Etherscan has come to light, with several advertisements identified as part of the malicious operation. The campaign was called out by a user on X, who raised a red flag about the presence of potentially malicious phishing scam ads. Warning Issued After Phishing Campaign...
A group of lawmakers in Paraguay have called for a temporary banning of Bitcoin mining, which they say has been interrupting the nation’s power supply. In a bill introduced on April 4, fourteen Paraguayan senators have called for temporary prohibition of creation, and storage of cryptocurrencies, along with banning crypto mining farms in the territory....
Jim Lee, a 29-year veteran of the United States government with a significant tenure as the chief of the Internal Revenue Service’s (IRS) Criminal Investigations team, has transitioned to a new role at cryptocurrency analytics firm Chainalysis. In an announcement on April 8, Chainalysis revealed that Lee has joined the company as its global head...