MicroStrategy’s recent announcement regarding their plans to raise up to $2 billion through the sale of its class A shares has generated significant interest in the cryptocurrency community. This move comes as the company aims to bolster its Bitcoin holdings, further solidifying its position as the world’s largest public Bitcoin holder. The decision to raise
Bitcoin
In a bold move, Futu Securities International, the largest online broker in Hong Kong, has ventured into the world of retail cryptocurrency trading. This development aims to attract investors by offering them the opportunity to trade bitcoin and ether on the brokerage platform with Hong Kong or US Dollars. Futu has partnered with HashKey Exchange,
Joey Garcia, the Director and Head of Regulatory Affairs and Public Relations at Xapo Bank, has been a key player in the evolution of cryptocurrency regulation. His journey started in 2014 when he collaborated with Wences Casares to establish a regulatory framework for cryptocurrencies in Gibraltar. Despite facing initial skepticism and resistance, Garcia’s persistence led
The recent endorsement of Bitcoin by former US President Donald Trump has once again thrust him into the limelight. Trump, who is reportedly considering a run for the White House in 2024, has taken a bold stance in support of the popular cryptocurrency. This move has not only garnered attention from the crypto community but
The decentralized finance (DeFi) sector has been making a comeback, with key metrics such as active loans and total value locked (TVL) showing growth from their lows in 2023. DeFi lending, which allows investors to lend their crypto assets in exchange for interest, plays a crucial role in indicating the participation and health of the
The recent Bitcoin2024 conference led by Bitwise CIO Matt Hougan has sparked a significant shift in market sentiment towards Bitcoin. Hougan believes that investors are currently “not bullish enough” about the potential upside of the flagship cryptocurrency. This change in outlook comes in light of various announcements made at the conference, showcasing support for Bitcoin
The recent data on Ethereum ETFs in the US paints a mixed picture, with net outflows totaling $77.21 million for the nine spot ETFs. The Grayscale Ethereum Trust (ETHE) experienced a significant outflow of $133.33 million on July 31st, further highlighting the ongoing trend of investors pulling their funds out of this particular ETF. Since
The recent revised predictions for Ethereum have set the crypto community abuzz, with market experts touting incredibly bullish outlooks. One such expert, Ethereum maximalist Adriano Feria, boldly claimed on social media that Ethereum could potentially skyrocket to a staggering $100,000. This optimistic forecast was in response to another Ethereum developer, Eric Conner, who initially predicted
Hedge fund manager James Lavish has made a bold prediction regarding the future price of Bitcoin. He believes that the flagship cryptocurrency could potentially reach $428,000 at some point. Lavish explained that in order for Bitcoin to reach this ambitious price target, it would need to become 1% of the $900 trillion investment assets worldwide.
The Elliot Wave theory has gained significant popularity among Bitcoin analysts due to its effectiveness in forecasting the future price movements of the cryptocurrency. In a recent analysis by pseudonymous crypto analyst XForceGlobal, the analyst utilized the 5-wave Elliot Wave theory to predict the potential trajectory of the Bitcoin price. According to XForceGlobal’s analysis posted