Can Bitcoin fix this? Cointelegraph Cape Verde video Cointelegraph visited Cape Verde, an island nation in West Africa, to explore whether Bitcoin could help improve the economy. The country heavily relies on remittances from Cape Verdeans living abroad and tourism for economic stimulation. However, high transaction fees from payment processors and remittance services, as well … Read more
Bitcoin and Ether Options Activity Hits $20B The notional open interest in bitcoin and ether options contracts on Deribit, a leading exchange, has reached $20.64 billion, a record high since November 2021. This surge in open interest indicates a growing interest in crypto options among investors. The number of outstanding contracts has doubled compared to … Read more
Bitcoin Break Above $35,000 Sends 95,000 Crypto Traders To The Slaughter The listing of BlackRock’s Spot Bitcoin ETF on the DTCC caused the BTC price to surge above $35,000, leading to over $400 million in liquidations in one day. Almost 95,000 traders were liquidated, with short traders being the most affected. The largest liquidation order … Read more
When Will The Bitcoin Bear Market End? US Mega Bank Has The Answer Investment bank Morgan Stanley predicts that the Bitcoin bear market could end with the upcoming Bitcoin Halving event in April 2024. This event, which occurs every four years, halves the rewards for miners and creates scarcity, potentially triggering a bull run. Morgan … Read more
BTC ATM Numbers Drop 17% in a Year to Lowest Level Worldwide Since 2021 CoinDesk has updated its privacy policy, terms of use, cookies, and “do not sell my personal information” feature. CoinDesk is a leading news and information source for cryptocurrency, digital assets, and the future of money. It follows stringent editorial policies and … Read more
Bitcoin Retests $28,000 As Large Holders Accumulate Bitcoin has approached the $28,000 mark as on-chain data reveals that large investors have been accumulating the cryptocurrency. Data from Santiment shows that BTC investors with 100 to 1,000 BTC have significantly increased in number recently. The Supply Distribution indicator shows the total number of coins held by … Read more
A recent report from Fidelity Digital Assets highlights the advantages of Bitcoin over traditional assets like gold. While gold has long been seen as a store of value, Bitcoin offers technological advantages that are difficult to overlook. Its cryptographic security, decentralized nature, and transactional integrity set it apart. Additionally, Bitcoin’s resistance to “innovative destruction” gives … Read more
Ethereum losing streak vs. Bitcoin hits 15 months — Can ETH price reverse course? The price of Ethereum’s native token, Ether (ETH), has reached a 15-month low against Bitcoin (BTC) and the lowest since Ethereum switched to proof-of-stake. The ETH/BTC pair dropped below the critical support level of its 200-week exponential moving average (EMA), indicating … Read more
Bitcoin Hashrate Explodes, Difficulty Set To See Big Uptick Bitcoin mining difficulty is expected to increase significantly in the next adjustment as the hashrate continues to rise. The hashrate measures the total computing power that miners have connected to the Bitcoin blockchain. Increasing values indicate more profitability, attracting new miners, while decreasing values suggest some … Read more
Former BlackRock Manager Says Prepare For $17.7 Trillion Inflow Into Bitcoin If This Happens Former BlackRock manager Steven Schoenfield predicts that spot Bitcoin exchange-traded funds (ETFs) will be approved in the United States within the next three to six months, potentially resulting in an influx of up to $17.7 trillion from institutional investors. The approval … Read more
