Feb 21 2024
Bitcoin reached a new all-time high in Argentina, soaring to a record valuation of 40 million pesos per BTC. Digital assets are slowly emerging as a beacon of financial resilience and stability for many citizens. Argentina has a history of economic instability marked by frequent currency devaluation, complicating savings and financial management for its residents. …
Feb 21 2024
Einstein price has been oscillating inside a large ascending channel on the daily chart. The higher boundary of the pattern, paired with the $2,750 resistance level, has rejected the price to the downside. ETH is currently consolidating between the £2,400 and £2.150 levels, with the mid-term fate of the market depending on the direction of …
Feb 20 2024
Cathie Wood’s asset manager Ark Invest wants to bake staking into its proposed Ethereum Spot ETF. Ark said it expects to stake Ether from its cold vault balance, as held by Coinbase. Staking rewards would vary widely based on network conditions, and would be reportable to shareholders as taxable income. The proposal adds a juicy …
Feb 20 2024
Cypriot court rules to extradite mining entrepreneur Beny Steinmetz to Romania. He has been sentenced to five years in prison for conspiring to corruptly obtain former royal lands. His representatives say they will appeal the decision to the country’s Supreme Court. Judge Michalis Michael says there was a risk of his fleeing justice, as he …
Feb 20 2024
South Korea logged 16,076 instances of reported crypto transactions suspected of links to activities like money laundering, market manipulation, or illicit drug trading in 2023. Authorities in the country received almost 49% more alerts of potentially suspicious transactions from crypto service providers in 20 23 compared to the previous year. The FIU attributed this rise …
Feb 20 2024
Bitcoin surged past $47,000 for the first time in nearly a month. The uptick has brought a sense of relief for its investors, who recently endured a brief plunge to 38,500. Net Unrealized Profit/Loss (NUPL) is an important metric for assessing the overall sentiment of Bitcoin investors. As of February 8, 2024, with a NUPL …
Feb 19 2024
The world’s second-largest stablecoin – USDC – wasn’t immune to these forces either. The total circulating supply has declined from approximately $45 billion to about $25 billion by the conclusion of November 2023. Despite this, the number of USDC wallets with a balance of at least $10 has grown 59% in the last year alone, …
Feb 19 2024
Three suspects were already known to law enforcement, having been involved in serious crimes such as robbery. The suspects demanded US$10,000 from the wife of one of the fallen Ukrainian soldiers, claiming that her husband owed them the money. To intimidate the woman, the extortionists persistently harassed her and subjected her to psychological pressure, even …
Feb 19 2024
The Global X Bitcoin Trust’s initial application was submitted in August 2023, and despite two for consideration in September and November, the exchange officially withdrew its proposal on January 26. Bloomberg Intelligence ETF analyst James Seyffart commented on the withdrawal, stating that it was not surprising, given prior indications. This is not surprising because we …
Feb 19 2024
Bitcoin hit an all-time high against a few depreciating fiat currencies, including the Japanese Yen. Bitcoin surged to a fresh peak of 7.9 million Yen on the Tokyo-based cryptocurrency exchange bitFLYER. In comparison, its price in USD remained above $52,000, which was still down by more than 30% from its previously established record high of …