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Institutional Investors Pour $708 Million into Bitcoin (BTC) and Crypto ETPs in a Week

Prita Ghozie02 mins

CoinShares Report CoinShares, a digital assets manager, reports that institutional investors are pouring money into crypto exchange-traded products (ETPs). This surge in investment comes just weeks after the U.S. Securities and Exchange Commission (SEC) approved spot BTC exchange-traded funds (ETFs). Crypto Investment Products See Massive Inflows CoinShares’ latest Digital Asset Fund Flows report reveals that…

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Bitcoin’s Future: $45,000 or $30,000?

Prita Ghozie02 mins

Key Factors Influencing Bitcoin’s Next Move Bitcoin’s recent price action has been marked by indecision, with the cryptocurrency trading sideways. Crypto analyst Eric Krown Crypto has identified key factors that will determine Bitcoin’s next move. Potential Correction Krown’s analysis using the Stochastic indicator suggests that Bitcoin is due for a correction. He believes a drop…

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Bitcoin Price Could Reach $300,000 in the Next Few Years, Says Hedge Fund Manager

Prita Ghozie02 mins

Charles Edwards, founder of Capriole Investments, predicts that Bitcoin’s price could skyrocket to $280,000 in the coming year. He bases this prediction on several factors, including: Historical data: Bitcoin’s price has historically increased significantly after halving events. In 2012, the price peaked at $1132, an 8,996% increase over 11 months. In 2016, the price reached…

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Bitcoin Whales Accumulate: Wallet Count Hits 15-Month High

Prita Ghozie02 mins

Bitcoin, the leading cryptocurrency, is currently in a holding pattern, with prices hovering between $41,000 and $45,500. However, on-chain data reveals that large holders, known as whales, have been actively accumulating Bitcoin, pushing the total number of whale wallets to its highest level in 15 months. Large Holders Accumulating Bitcoin Whale wallets, holding between 1,000-10,000…

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Tether Invests $25 Million in Oobit’s Mobile Payment App: Driving Crypto Adoption and Education

Prita Ghozie03 mins

Oobit’s Mobile Payment App: Making Crypto Payments Easier Tether, the issuer of the stablecoin USDT, recently announced a $25 million investment in Oobit, a mobile payment app that allows users to “Tap & Pay” with cryptocurrencies at over 100 million retailers worldwide. This integration aims to make it easier for merchants to accept digital assets…

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Spain’s New Tax Reform Aims to Seize Crypto Assets

Prita Ghozie03 mins

Expanding Control Over Digital Assets The Spanish Ministry of Finance is implementing a new tax reform to monitor and control the cryptocurrencies and digital assets sector. The reform targets Article 162 of the General Tax Law, allowing the Spanish Tax Agency to identify and seize digital assets, including cryptocurrencies and NFTs, to settle tax debts….

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Shiba Inu Roadmap Completion Timeline Revealed

Prita Ghozie02 mins

The Shiba Inu ecosystem is expanding rapidly, with new projects and features being introduced all the time. The marketing team has now revealed the timeline for completing their ambitious roadmap. Completion Target: End of 2024 On Thursday, Shiba Inu marketing lead Lucie announced on X (formerly Twitter) that the team aims to complete all ongoing…

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Ethereum’s Potential Price Surge: 3 Key Drivers

Prita Ghozie02 mins

Ethereum (ETH), the second largest cryptocurrency, is expected to experience a significant price increase in the coming months. Several prominent crypto analysts have identified three key factors that could contribute to this surge. 1. Ethereum Beacon Upgrade: The impending Ethereum Beacon Upgrade is a major driver for the anticipated price increase. Scheduled for Q1 of…

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