By This Is Money Updated: 17:37 GMT, 28 February 2024 Bitcoin has topped $60,000 for the first time in more than two years as investors pile in to the cryptocurrency. The digital coin was trading at $61,870 by 5.30pmin the UK, up 8.4 per cent for the day, taking gains to 40 per cent this … Read more
In recent years, the crypto landscape in India has been turbulent, marked by regulatory uncertainty and high taxation. This has led many investors to turn to foreign platforms. While the Indian government’s issuance of compliance notices to nine offshore crypto exchanges in December 2023 has spurred some return to domestic platforms, a considerable portion of … Read more
The United Kingdom has always been a rather interesting market for crypto because of its unique regulatory stance towards the digital assets sector. Unlike the EU countries, the UK does not hurry up to lay out comprehensive guidelines for crypto asset activities. The government declared ambitions to make the country a global hub for crypto … Read more
By: Allie Grace Garnett, a journalist who specializes in the cryptocurrency market. IBTimes UK Volatile crypto markets are complex—but not as complex as how market participants react to rapidly changing token prices Cryptocurrency volatility can fuel emotional decision-making, intensifying market cycles through greed and fear. HODLers are the Zen Buddhists of crypto, reacting to market … Read more
KEY POINTS The first lot encompasses approximately 2,800 BTC The second lot comprises 58 BTC As of 3:10 a.m. ET on Friday, Bitcoin displayed resilience in the market, trading at $40,126.74 The United States Government has unveiled a strategic initiative to divest approximately $130 million worth of Bitcoins that were originally confiscated in connection with … Read more
Following a postponement in rendering a decision on Fidelity’s Ethereum Exchange-Traded Fund (ETF) application, Commissioner Hester Peirce of the U.S. Securities and Exchange Commission (SEC) has indicated that the approval process for an Ethereum ETF will diverge from the path witnessed in the case of Bitcoin ETFs. Peirce, also known as “crypto mom” in the … Read more
In the tumultuous landscape of the cryptocurrency industry, 2023 has emerged as a challenging year for many companies within this space. Venture capital investments in crypto firms have witnessed a substantial decline, plummeting by a staggering 68 per cent in comparison to the previous year, according to data from PitchBook. While the overall funding climate … Read more
The Central Bank of Nigeria (CBN) made a new decision to remove its ban on digital assets and cryptocurrencies. This has been perceived to attract big changes in the country’s financial world. I am a digital transformation consultant studying things like Bitcoin and other digital money. Let’s try to look at how this recent decision … Read more
In the last decade, blockchain — the technology layer of Web3 — has shown potential to transform industries beyond finance. The key traits of blockchain solutions, such as automated smart contract execution, tamper-proof ledgers and advanced privacy protection, allow us to minimise human error and fraud. It makes these attractive for any sector, from healthcare … Read more
As the final deadline approaches for the U.S. Securities and Exchange Commission (SEC) to decide on the spot Bitcoin exchange-traded fund (ETF) application submitted by ARK Invest and 21 Shares, BlackRock is poised to take a significant step forward with its proposal. The asset management giant is set to seed the fund with $10 million … Read more
