Bitcoin’s price has recently experienced a significant drop of over 10% following a surge to its all-time high of $69,000. This drop has been attributed to an influx of capital into BTC Spot Exchange-Traded Funds by investors. However, the intense volatility surrounding the crypto asset’s value has led to a rebound towards the $68,000 mark.
In a recent report by Arkham Intelligence, it was unveiled that Elon Musk’s companies, Tesla and SpaceX, have significant holdings in Bitcoin. Through blockchain analytics, the report detailed the Bitcoin assets held by both companies and the profits they have accrued. Tesla, for instance, made a substantial purchase of $1.5 billion worth of BTC in
Coinbase, the leading US-based crypto exchange, has experienced a significant boost in its market share due to the introduction of multiple spot Bitcoin exchange-traded funds (ETFs) in January. This surge in the market share has led analysts at Goldman Sachs to upgrade their rating on Coinbase shares from selling to neutral, with an adjusted price
The cryptocurrency market is always full of surprises, especially when it comes to whale activity. Recently, the on-chain analytics firm Santiment has highlighted a surge in whale transactions for several Ethereum-based altcoins. The whale transaction count is a key metric that tracks transfers valued at $100,000 or more, typically involving large entities known as whales.
The cryptocurrency community has been abuzz with excitement following analyst Willy Woo’s optimistic forecast for Bitcoin (BTC). With a track record of successful predictions in the past, Woo’s latest prediction is centered around the approval of spot Bitcoin ETFs, which he believes will pave the way for a monumental surge in the value of Bitcoin.
In a bold move, leading travel agency Travala has revolutionized the concept of loyalty programs by introducing Bitcoin cashback rewards for its users. This initiative not only changes the way we think about traditional reward systems but also sets a new standard for innovation and customer satisfaction in the travel industry. By partnering with the
The recent directive issued by the Spanish data protection regulator, AEPD, instructing Worldcoin to cease the collection of personal data in Spain has raised significant concerns about the project’s data collection practices. Complaints have been flooding in since last summer, citing issues such as inadequate information provided by Worldcoin about data processing, the collection of
During a recent Senate Banking Committee hearing on monetary policy, US Federal Reserve Chair Jerome Powell addressed the topic of a central bank digital currency (CBDC). Powell emphasized that the Fed is currently far from adopting or recommending a CBDC, reassuring lawmakers about potential privacy concerns. He made it clear that the Federal Reserve is
In the world of cryptocurrency, macro tailwinds have recently boosted major altcoins back towards their recent highs following dovish commentary from Fed Chair Jerome Powell. As Bitcoin (BTC) and Ether (ETH) see modest gains, investors seeking the best crypto to buy today may want to shift their focus to smaller altcoins that are experiencing significant
In the world of cryptocurrencies, Ethereum is increasingly being seen as the next frontier for revolutionary changes in the financial landscape. Its advocates praise the benefits of smart contracts and envision a future where market transparency, tokenized funds, and fast settlement times are the norm. As of the latest data from Coingecko, Ether is currently
