The Shiba Inu ecosystem is experiencing renewed excitement with the launch of its Metaverse, a new racing game, and integration of Chainlink’s Cross-Chain Interoperability Protocol.Shiba Inu’s recent achievements, including the launch of Shibarium, ShibaSwap 2.0, and the upcoming TREAT token, set high expectations for the future of the platform. The Shiba Inu ecosystem has reignited...
Japan rejects Bitcoin in national reserves, citing its volatility and inconsistency with foreign exchange requirements.Proposed regulations in Japan aim to encourage blockchain innovation while balancing investor protection and compliance. The Japanese government has made it plain that it is hesitant about including Bitcoin in its foreign exchange reserves, according to Coinpost. Under present rules, officials...
Ethereum’s (ETH) price has declined to a weekly low as its futures Open Interest falls from $28 billion to $26 billion. An analyst has highlighted that ETH could outperform Bitcoin in 2025 as a massive amount of inflow could move into the asset in January. Ethereum (ETH) has lost a huge amount of its gains from...
The former Prime Minister proposes Bitcoin as a transformative tool for Phuket’s tourism and economic development.Regulatory collaboration is crucial for the integration of cryptocurrency into Thailand’s financial and tourism sectors. Former Prime Minister Thaksin Shinawatra has announced a bold attempt to establish Bitcoin as a cornerstone of Phuket’s tourism economy. His idea is to use...
Bitwise has proposed a new fund that would invest in publicly traded companies with at least 1,000 Bitcoin holdings.To qualify, companies must have a market capitalization of at least $100 million, maintain an average daily liquidity of at least $1 million, and possess a public free float of at least 10%. Bitwise, a leading manager...
Russia is using Bitcoin for international payments under a new law motivated by Western sanctions.This move supports de-dollarization and boosts its energy and mining industries. According to Finance Minister Anton Siluanov, Russia has officially begun using Bitcoin for international payments. This development follows the implementation of a new law designed to facilitate cryptocurrency transactions amid...
Japan’s Prime Minister Shigeru Ishiba has expressed doubts about adding Bitcoin to the country’s foreign exchange reserves, following a proposal from Satoshi Hamada to establish a national Bitcoin reserve inspired by the United States.The government is concerned that incorporating Bitcoin could destabilize its financial system, leading to its previous rejection of Bitcoin-based ETFs due to...
Multiple analysts have predicted that Bitcoin could decline to $60k if it plunges below a crucial support level. Meanwhile, Santiment data suggests that whales are increasingly moving stablecoins to centralized exchanges. Bitcoin (BTC) has struggled to return to $100k after a massive level of liquidation forced a nosedive from an all-time-high price level of $108k to...
In 2024, the global economic landscape faced complex and dynamic challenges. Amid slow economic recovery and a continued decline in global inflation, the cryptocurrency market demonstrated robust vitality and innovative capabilities. Following the launch of spot Bitcoin ETFs, the market saw a rapid influx of tens of billions of dollars, underscoring the trend of integration...
Trump’s election victory and ETF optimism have propelled top altcoins like XRP, HBAR, and SOL to impressive quarterly gains and market caps.Analysts predict Bitcoin and Ethereum ETFs will lead, paving the way for regulated altcoin ETFs like Hedera, spurring adoption in 2024. As the crypto market heats up in the final stretch of 2024, the...