On Sunday, Bitcoin is trading at $62,000 with a slight decrease of 0.10%. The focus intensifies on Bitcoin price predictions amidst a backdrop of regulatory changes and market developments. From the UK’s enhanced crypto oversight to Nigeria’s clarification on Binance fines and Marathon Digital’s launch of the Anduro platform, these factors collectively shape the future...
Bitcoin is witnessing a significant movement, with exchanges experiencing a near-record outflow of over $2 billion. According to a post by James Van Straten on X (formerly known as Twitter), the statistics from the on-chain analytics firm Glassnode showed that the Bitcoin market saw a notable exodus on March 1, with exchanges seeing around $2.3...
Technical indicators reveal a mixed sentiment. The Relative Strength Index (RSI) stands at 73, indicating that Bitcoin may be entering overbought territory. The MACD’s value at -94 versus a signal of 1058 suggests a nuanced market dynamic, possibly hinting at upcoming momentum shifts. Notably, Bitcoin’s break above the ascending triangle pattern at the $63,250 level,...
The newly listed BlackRock iShares Bitcoin ETF trading under the ticker symbol “IBIT” has overtaken the iShares Silver Trust reaching $10 billion in assets under management (AUM). The rising interest in Bitcoin has pushed the iShares Silver Trust launched in April 2006 trading under the ticker symbol “SLV” lower down the leaderboard. The silver trust...
On February 29, Hong Kong’s Securities and Futures Commission (SFC) closed its crypto licensing portal, setting a May 31 deadline for non-compliant exchanges to cease operations. Exchanges that missed the deadline must shut down by May 31, according to a pop-up message on the Hong Kong SFC website. 22 Crypto Exchanges Applied For Hong Kong...
On February 29, crypto exchange Coinbase unveiled two new wallet solutions, focusing on simplifying the onboarding process for newcomers to crypto. A tweet from Coinbase Wallet revealed the upcoming launch of a smart wallet and embedded wallet features. The biggest barrier to growing onchain adoption is the complexity of onboarding. We’re excited to introduce our smart...
Crypto hedge fund LedgerPrime, once linked to the bankrupt FTX crypto exchange, has relaunched under the name MNNC Group according to a February 29 Bloomberg report. As reported by Bloomberg, the rebooted crypto hedge fund has raised an investment amount in the “mid-eight-figures.” A New Start for Former FTX-Affiliated Employees LedgerPrime was forced to cease...
The Financial Action Task Force (FATF) has downgraded Russia’s compliance rating due to its “insufficient regulation of virtual assets and cryptocurrencies.” Vedomosti reported that German Neglyad, the Deputy Head of the domestic anti-money-laundering regulator Rosfinmonitoring, said the Russia FATF rating was confirmed at a plenary meeting on February 23. Russia FATF Rating: Crypto Regulation Costs...
Cryptocurrency trading platform Binance has made the decision to remove the Nigerian currency, the naira, from its peer-to-peer (P2P) service, prompting discontent and concern among Binance users in Nigeria. This development coincides with reports that two Binance executives have been detained in Nigeria, with their passports confiscated. The executives had traveled to Nigeria to address...
Nokia is gearing up for a surge in network demand driven by anticipated advances in the metaverse, Web3, and artificial intelligence (AI) by the year 2030. The company’s Technology Strategy 2030 report outlines plans to address this increased demand through investment in network infrastructure and services. Nokia predicts a substantial 22%–25% rise in network demand...