The U.S. Securities and Exchange Commission (SEC) has recently set a firm deadline of December 29th for companies seeking to launch exchange-traded funds (ETFs) tied to the spot Bitcoin price. This significant development stems from a high-level meeting held on December 21st, where SEC officials engaged with representatives from leading financial entities. The SEC plans
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The price movement of XRP has been quite volatile this year, experiencing both ups and downs. However, the overall sentiment surrounding cryptocurrencies has been bullish, leading to a 74% increase in the value of XRP. While the price spike earlier this year has subsided, the crypto is currently in a consolidation phase. In light of
Cryptocurrencies have been gaining significant attention and popularity in recent years, and altcoins, such as Polkadot (DOT), are becoming increasingly prominent. As the year comes to a close, the interest in Polkadot has soared. In December alone, Polkadot experienced an impressive gain of 47%, making it one of the standout performers in the cryptocurrency market.
The native cryptocurrency of Solana has been on an extraordinary upward trajectory, breaking through the $110 mark on Sunday morning. This astonishing climb showcases Solana’s resilience in the ever-changing cryptocurrency landscape. The price of SOL has reached levels not seen since the night before Terra’s collapse, which occurred a year and a half ago. This
The Bitcoin market has experienced a positive turnaround recently, with the price climbing back above $43,000. After a period of struggle and falling below $41,000, the premier cryptocurrency has regained its lost momentum and is now setting new targets. In this article, we will delve into an insightful analysis based on UTXO Realized Price Distribution
In a surprising turn of events, Russian banker Mikhail Klyukin recently sold over £15m worth of shares in UK-based cryptocurrency firm, Copper Technologies. This sale has raised eyebrows not only due to the involvement of a sanctioned individual but also because of the potential evasion of sanctions and increased scrutiny on cryptocurrency transactions. The role
In the era of diminishing crypto prices and the rise in global interest rates, investors have begun exploring new avenues for potential growth. One area of keen interest is artificial intelligence (AI), which is projected to take center stage alongside Bitcoin in the coming years. As Nansen’s latest forecast suggests, AI agents are expected to
Bitcoin, the foremost cryptocurrency, has garnered immense attention and investment over the years. However, Arthur Hayes, the former CEO and co-founder of BitMEX, has expressed his concerns about what could potentially lead to Bitcoin’s downfall. In his recent article, Hayes highlighted his reservations regarding the launch of Spot Bitcoin ETFs and how traditional financial asset
After carefully analyzing the market, it appears that Bitcoin (BTC) and the broader crypto market are poised for a positive year in 2024. Several on-chain metrics suggest that the cryptocurrency is set to experience growth and success in the coming year. These metrics include the upcoming halving, growing stablecoin liquidity, the widely anticipated spot Bitcoin
In a surprising turn of events, the Central Bank of Nigeria (CBN) has decided to lift the ban on cryptocurrency transactions in the country. The previous ban, which was put into effect in February 2021, aimed to combat money laundering and terrorism financing risks associated with crypto assets. However, the CBN has now announced through