On March 1, 2024, an infamous and vast bitcoin mega whale moved 2,000 vintage bitcoins from 2010 and now, four days later, on March 5—the day bitcoin hit its peak value of $69,210 per coin—the same entity transferred another 1,000 bitcoins from 2010. 2010 Bitcoin Whale Moves Millions as Prices Peak This prominent whale, known…
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Bitcoin Price Prediction Amid Microstrategy’s bold move to invest an additional $600 million in Bitcoin’, the cryptocurrency world is abuzz with Bitcoin price predictions. With the company already holding a substantial 193,000 BTC, this aggressive acquisition strategy reinforces Bitcoin’s standing as a dominant digital asset. Michael Saylor’s leadership further accentuates Bitcoin’s allure, depicting it as…
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Dubai’s Virtual Assets Regulatory Authority (VARA) has awarded a virtual asset service provider (VASP) license to Bulgarian decentralized lending platform Nexo to operate and offer services in and from the Emirates. As announced on Tuesday, the approval marks the first step in obtaining a full license, which includes an initial provisional permit, a preparatory license,…
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As the cryptocurrency market swells to a valuation of $2.6 trillion, the leading stablecoin, tether, has achieved a market cap of $100 billion. Beginning from the start of 2024, tether has seen an addition of 8.27 billion tokens to its supply. From $300K to $100 Billion: Tether’s Meteoric Rise Tether (USDT), the top fiat-linked digital…
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Deutsche Börse, one of Europe’s biggest exchange operators, has launched a new regulated spot platform for crypto assets targeting institutional clients. In an announcement on Tuesday, the German stock exchange said the platform dubbed the Deutsche Börse Digital Exchange (DBDX) offers a fully regulated ecosystem for the trading, settlement and custody of crypto assets. “Our…
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The city of Hong Kong has detailed the advancement of new Web3 and digital yuan initiatives as part of its 2024-2025 budget. In a speech, Hong Kong Financial Secretary Paul Chan stated that the city would expedite a Web3 sandbox for stablecoins and expand the digital yuan pilot as part of its digital finance policies.…
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The U.S. Securities and Exchange Commission (SEC) has delayed a decision to approve the BlackRock spot Ethereum exchange-traded fund (ETF). In November, BlackRock filed an application with the SEC for an “iShares Ethereum Trust” and if approved the trust would be listed on NASDAQ. In January, the SEC approved almost a dozen Bitcoin spot ETFs…
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“Shark Tank” billionaire investor Mark Cuban weighed in on Bitcoin’s recent rally, stating that he has invested in the cryptocurrency due to its strong capability as a store of value. Bitcoin surged past $68,000 on Tuesday, inching closer to its all-time high, as more funds pour into the top cryptocurrency by market value. Cuban told…
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Total crypto assets under management (AUM) soared by 27% to $65.66 billion in February, driven by rising Bitcoin prices and growing adoption of Spot Bitcoin ETFs in the US. CCData’s latest monthly report, released Monday, revealed that average daily trading volumes continued to rise in the past month, jumping nearly 15% to $1.8b. “This rise,…
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Several applications have been submitted for Ethereum exchange-traded funds with the U.S. Securities Exchange Commission (SEC) and the decision for approving or denying the products has been pushed back which is in line with analyst expectations. Unsurprisingly, on Monday, the SEC delayed a decision to approve the BlackRock spot Ethereum ETF. The SEC now has…
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