British multinational bank Standard Chartered projects Bitcoin (BTC) to reach $200,000 by the end of 2025 – more than a 300% climb from where it trades today. The bank argued in a Monday research note that Bitcoin spot ETFs – which are expected to receive “imminent” approval – may absorb $50 billion to $100 billion...Read More
BlackRock is reportedly expected to make a significant announcement regarding a substantial downsizing of its workforce. The impending layoffs, which account for about 3% of its global workforce, will result in approximately 600 employees leaving the company. BlackRock to Implement Routine Layoffs The layoffs are being internally described as routine, aligning with BlackRock’s previous practices....Read More
The number of merchants accepting Bitcoin has steadily been on the rise in tandem with its adoption curve. Data compiled by BTC Map revealed that the tally of merchants accepting the digital asset reached 6,126 by the end of 2023, marking a significant rise from the 2,207 recorded at the beginning of the year. As...Read More
Custodia Bank CEO Caitlin Long claims there’s a “hidden risk” surrounding a handful of Bitcoin ETFs eyeing imminent launch in the United States, following BlackRock’s recently updated S-1 filing. According to the founder, sponsors may attempt to generate more profit from their funds using securities lending, which “can pose a lot of hidden risk to...Read More
Peculiar occurrences have unfolded just one week into 2024. In a bizarre turn of events within the crypto industry, an anonymous wallet spent 1.5 BTC to inscribe encrypted data onto the Bitcoin blockchain. Through 332 transactions, the wallet exhausted BTC equivalent to $66,000 at current market prices, embedding nearly 9 megabytes of encrypted data into...Read More
[PRESS RELEASE – Irvine, United States, January 8th, 2024] Maincard.io, a cutting-edge Web3 sports fantasy manager focusing on sports event prediction and earning rewards by playing, has officially entered the esports arena. This significant move was marked by the formalization of a contract with Community Gaming, a platform for hosting eSports tournaments, and the signing...Read More
Pushd is a new web3 marketplace that’s come onto the scene to challenge well-known names like Litecoin (LTC) and Bitcoin Cash (BCH). It’s the first decentralized marketplace globally, aiming to shake up and transform the usual e-commerce approach. Pushd wants to change the game by creating a decentralized platform linking buyers and sellers worldwide. In...Read More
Argo Blockchain’s Nasdaq-listed shares (ARBK) experienced an 8.38% decline after the departure of its interim CEO and COO, Seif El-Bakly. According to data from the stock exchange, the drop saw the shares plummet to $3.50, significantly reducing the firm’s market capitalization to $183.7 million. Argo Blockchain Announces El-Bakly’s Departure According to the January 8 Operation...Read More
Matrixport has issued a warning predicting a 7% decline for Bitcoin in the next two weeks, citing that “one of its trading signals” has turned bearish for the first time since August 2023. This cautionary outlook from Matrixport follows previous statements by the company’s analysts, who anticipate that the U.S. Securities and Exchange Commission (SEC)...Read More
2024 is full of several events that will significantly impact market activity. The year has started where 2023 left off, and the crypto community is abuzz with excitement and anticipation of the upcoming trends. According to a report from crypto market analytics platform IntoTheBlock (ITB), the potential spot Bitcoin exchange-traded fund (ETF) release, the upcoming...Read More
As the cryptocurrency industry continues to evolve, another 10 applicants are ready for the race including Valkyrie, Wisdomtree, Invesco/Galaxy, iShares, Ark/21Shares, and Vaneck, who have submitted updated S1-filing to the U.S. Securities and Exchange Commission (SEC) for the launch of Bitcoin spot exchange-traded funds (ETFs). What Benefit Investors Hold? These ETFs would authorize investors to...Read More
The race to the first approved spot Bitcoin ETF by the United States Securities and Exchange Commission continues in full force. A number of applicants, including the world’s largest asset manager – BlackRock – have filed amendments to their S-1 registration statements under the country’s Securities Act. The latest round of changes came today, January...Read More
Próspera, a designated special economic zone located on Honduras’ Roatan Island, has formally embraced Bitcoin as its official unit of account for assessing the value of goods and services. The development was led by Jorge Colindres, who holds the position of acting manager and tax commissioner at Próspera ZEDE (Zone for Employment and Economic Development),...Read More
XAIUSDT, our second listing featuring XAI – the native token of Xai Network, a gaming blockchain, will be available to trade on BitMEX, with up to 10x leverage tomorrow. You can already trade XAIUSDTF24 – the first-ever Xai Network futures contract margined in Tether here. For a deeper look at our new Xai Network listing,...Read More
With Bitcoin holding above $40,000 for more than a month now, previously written-off pricing models have been revived. On Jan. 7, stock-to-flow creator “PlanB” commented that when he wrote the S2F article calling for a $55,000 Bitcoin price, “People said I was crazy.” He added that Bitcoin is around $40,000 at the moment, and the...Read More
Stablecoin total value locked (TVL) on the Tron blockchain experienced a slight decline in the early part of the second half of 2023 but ultimately surged to reach record highs of approximately $48 billion. This is according to a recent report by Reflexivity, which revealed that around 94% of this total value belonged to USDT....Read More
