As the ‘halving’ event nears, Bitcoin price predictions become increasingly significant, with the current value at $66,125 hinting at future trends. The market’s technical indicators suggest a decisive phase ahead, with potential shifts in investor sentiment and market dynamics poised to influence Bitcoin’s trajectory. El Salvador Unveils Open-Source Bitcoin Diploma to Boost Global Financial Literacy...
Cathie Wood’s ARK 21 Shares Bitcoin exchange-traded fund (ETF) has recorded daily outflows of over $87 million, marking the first time it witnessed larger daily outflows than Grayscale’s Bitcoin Trust (GBTC). According to data from Farside Investors, ARK 21Shares Bitcoin ETF (ARKB) saw outflows amounting to $87.5 million on Tuesday, which is approximately equivalent to 1,300 BTC. This...
Bitfinex Derivatives, the derivatives platform of iFinex Financial Technologies Limited, is expanding its offerings with the launch of two new volatility-focused perpetual futures contracts. These contracts, the Bitcoin Implied Volatility Index (BVIVF0:USTF0) and the Ethereum Implied Volatility Index (EVIVF0:USTF0), aim to capture the market’s sentiment regarding future price movements for the two leading cryptocurrencies. Unlike...
Bitcoin is becoming a valuable tool to escape high inflation in countries with less stable currencies, according to Ark Invest CEO Cathie Wood. Cathie Wood’s Bitcoin Thesis The investor – whose asset management firm is a long-time bull on AI and blockchain – argued that little-discussed “currency devaluations” are part of what’s driving the asset’s...
Coinbase Global has announced it will be using Lightspark to bring the Bitcoin Lightning Network to its network for faster and cheaper payment transfers. In an announcement, Lightspark said it is working with the Coinbase team on technical integration. Coinbase will be using Lightspark’s “remote-key signing implementation.” The Lightning signing keys will be entirely held...
In recent trading, Bitcoin (BTC/USD) dipped to $65,394, down by 0.75%, prompting speculation about its next move. As market watchers analyze the Bitcoin price prediction, the $66,631 pivot point looms large, potentially guiding BTC’s short-term trajectory. With resistance and support levels tightly bracketing the current price, the market is at a crossroads, weighing the impact...
KuCoin’s market share has recorded a significant decline, falling from about 6.5% to less than 3% due to massive outflows of funds. This is according to a Kaiko data report on April 2. The market share decline follows a back-to-back lawsuit filed against the US Department of Justice (DOJ) and the Commodity Futures Trading Commission...
The competition among investment banks to be the first to incorporate spot Bitcoin exchange-traded funds (ETFs) in the United States has intensified, with Morgan Stanley and UBS vying for the top spot. According to crypto insider Andrew AP Abacus, both financial giants are slated to introduce their Bitcoin ETFs next week. Morgan Stanley and UBS...
The Bank of England (BoE) and the United Kingdom’s Financial Conduct Authority (FCA) have commenced a consultation process regarding the draft guidance for their Digital Securities Sandbox (DSS) for its distributed ledger technology (DLT) testing. Participants will be able to use the sandbox to test products and services based on distributed ledger technology by autumn...
On-chain data suggests that less Bitcoin (BTC) is sitting on crypto exchanges than ever within the past six years. According to CryptoQuant’s Bitcoin Exchange Reserve dashboard, balances on such platforms dwindled to just 1,945,051 BTC as of April 2, 2024. By comparison, Bitcoin exchange reserves stood at 2,087,030 BTC at the start of the year,...