Tag: Bitcoin News

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Singapore Authorities Raise Concerns Around Crypto Draining Kits

February 1, 2024

Singapore police authority and the Cyber Security Agency of Singapore have raised concerns around cryptocurrency draining kits. In a joint statement, the authorities warned that cybercriminals are increasingly leveraging cryptocurrency drainers and targeting owners of digital wallets. (1/2) As the use of cryptocurrencies become increasingly popular, cybercriminals are also increasingly leveraging crypto drainers to target…
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Bitfinex Securities Starts Operations In El Salvador – Here Are The Details

February 1, 2024

Over the last few years, El Salvador has been making considerable efforts to become Latin America’s crypto hub. Today, two and a half years after adopting Bitcoin as a legal currency in the country, Bitfinex Securities announced the launch of Bitfinex Securities El Salvador S.A., the first platform to offer tokenized securities. Launching The First…
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Billionaire Tim Draper’s Forecast: Bitcoin To Hit $250,000 By 2025

February 1, 2024

Renowned billionaire investor Tim Draper has again captured the crypto community’s attention with his bullish stance on Bitcoin. Despite missing his previous forecast 2018, where he predicted Bitcoin would hit $250,000 by 2022, Draper remains steadfast in his belief in Bitcoin’s potential. Bitcoin To Hit $250,000 By 2025 In a recent Bloomberg interview, Draper first…
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Bitcoin Price Dips as Fed Chair Powell Says March Rate Cut Unlikely – Where Next for BTC?

February 1, 2024

The Bitcoin (BTC) price has dipped back below $43,000 in wake of hawkish comments from Fed Chairman Jerome Powell, who on Wednesday commented that he doesn’t think it likely the FOMC will be confident enough to cut US interest rates as soon as March. Powell: Not Likely Committee Will Be Confident Enough By March to…
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Bitcoin and Ethereum Price Prediction as Fed Interest Rate Decision is Announced – New Bull Market Starting?

January 31, 2024

Bitcoin and Ethereum Price Prediction In the wake of the Federal Reserve’s latest decision to hold interest rates steady at 5.50%, the financial world turns its gaze to the potential impacts on major cryptocurrencies, notably Bitcoin and Ethereum. This stabilization of the federal funds rate comes amid a backdrop of solid economic expansion, with enduring…
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Rich Dad Poor Dad Author Explains Why He Owns Bitcoin Over Stocks

January 31, 2024

Robert Kiyosaki – author of the famous personal finance book Rich Dad Poor Dad – has come out with another statement in support of Bitcoin (BTC) as a superior money and investment asset compared to traditional stocks. “Bitcoin is protection against the theft of our wealth via our money,” read a post to X from…
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Bitcoin Miner Selloff Poses “Negligible Impact”, Quant Argues

January 31, 2024

On-chain data shows the Bitcoin miners have been selling recently, but this quant has argued that this selloff shouldn’t have much impact on the market. Bitcoin Miner Reserve Has Registered A Decline Recently In a CryptoQuant Quicktake post, an analyst discussed the latest selling pressure that the miners have been putting on the market. The…
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Why “Overbought” Bitcoin Could Trigger A 107% Rally

January 31, 2024

Bitcoin price had previously been showing extreme strength leading up until the debut of the first spot ETFs. That strength has since subsided, leading to a 20% correction in BTCUSD. A popular technical indicator that measures momentum, however, could point to powerful continuation to the upside, but only if a certain level is breached. Keep…
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3 Signs That A Bitcoin Supply Shock Could Be Just Days Away

January 31, 2024

The Bitcoin community is currently abuzz with discussions of an impending supply shock, a market phenomenon where demand outstrips supply, potentially leading to a substantial price increase. Indicators from various sectors within the market are currently converging, suggesting that such an event may be closer than many anticipate. Here’s an in-depth look at three signs…
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Global X Exits the Spot Bitcoin ETF Approval Race

January 31, 2024

ETF provider Global X, has pulled its application for a spot Bitcoin ETF, an SEC filing on Tuesday showed. The CBOE BZX Exchange submitted a withdrawal notice for the Global X Bitcoin Trust on Jan. 26, around two weeks after the SEC approved 11 other spot Bitcoin ETFs. Securing approval for these 11 funds was…
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