Matrixport, a crypto financial services platform, has made a bullish prediction for Bitcoin’s price. They believe it will reach $63,000 by March this year. Factors Contributing to the Rise Spot Bitcoin ETFs: These ETFs have seen impressive demand, leading to significant accumulation of BTC by fund issuers. Bitcoin Halving: Expected in April, this event is…
In a series of emails between Bitcoin’s creator, Satoshi Nakamoto, and Finnish computer scientist Martti Malmi, Nakamoto debunks the idea of Bitcoin as an investment. He cautions against labeling it as such, emphasizing the risks involved. Bitcoin’s Early Development Malmi published email correspondence between himself and Nakamoto, dating back to 2009-2011. These emails provide detailed…
Apcopay and CoinPayments Join Forces On February 22, CoinPayments, a leading cryptocurrency payment gateway, announced its partnership with Apcopay, an end-to-end global payment platform. This integration allows Apcopay clients to use CoinPayments to make financial transactions with a wide range of cryptocurrencies, including Shiba Inu (SHIB). SHIB Payments Go Global Through this partnership, Apcopay users…
The US Securities and Exchange Commission (SEC) has opened the floor for public comments on the potential introduction of Bitcoin spot ETF options trading. This move has sparked reactions from the financial market, with experts anticipating a possible approval as early as March. NYSE’s Application In a letter to the SEC, the New York Stock…
Binance Holdings Ltd., the world’s largest cryptocurrency exchange, has agreed to pay a $4.3 billion penalty as part of a plea deal approved by a US judge. This marks one of the largest corporate penalties in US history. Background The plea agreement comes after months of investigation by the Department of Justice (DOJ) and other…
Key Takeaways: Ethereum’s price has surged over 30% in 2024, showing investor confidence. Over 800,000 ETH ($2.4 billion) has flowed out of cryptocurrency exchanges since the start of the year. The decrease in ETH’s exchange reserve balance could be a bullish catalyst for its price. Grayscale attributes Ethereum’s positive performance to the upcoming Dencun upgrade….
Demand vs. Supply Imbalance Bitcoin analyst Willy Woo reports that the Bitcoin network receives an average of $607 million in new investor demand daily. However, the supply of Bitcoin mined daily is only $46 million, indicating a significant demand-supply gap. This imbalance is expected to become more pronounced after the upcoming Bitcoin Halving, which will…
On February 23, 2024, Axie Infinity co-founder Aleksander Larsen’s personal crypto wallets were compromised, resulting in the theft of 3,248 ETH (approximately $9.7 million). Breach Details Blockchain investigator PeckShield discovered suspicious activity and alerted the community. The stolen funds were sent to Tornado Cash, a crypto mixer, to obscure the transaction history. The attack was…
Coinbase, a leading crypto exchange based in the United States, has denied rumors that the Nigerian government has ordered it to restrict its services to Nigerian citizens. Coinbase CEO’s Statement Coinbase CEO Brian Armstrong addressed the issue in a post on Twitter, clarifying that Coinbase’s services are still operational in Nigeria and that the company…
Dogecoin has been struggling in the crypto market lately, while other altcoins have been surging. As a result, Dogecoin has lost its spot in the top 10 cryptocurrencies by market cap. Tron Overtakes Dogecoin Tron, led by Justin Sun, has been on a bullish run, with its TRX token rising almost 200% since 2023. This…
