The launch of spot Bitcoin Exchange-Traded Funds (ETFs) by industry giants BlackRock and Fidelity has been a significant event in the cryptocurrency market. These ETFs have seen massive net inflows of $5.278 billion within a short six-week period, hinting at growing investor interest in Bitcoin. Despite this, the price response of Bitcoin has been relatively
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The price of Bitcoin (BTC) has recently surged past the $52,000 mark, sparking optimism among investors. The well-known cryptocurrency analyst, Titan of Crypto, has predicted a potential “Bull Flag formation” for Bitcoin in the near future. According to Titan of Crypto, Bitcoin is currently retesting the Tenkan indicator, with a near-term price target set at
Kraken, a prominent cryptocurrency exchange, recently found itself embroiled in legal action initiated by the US Securities and Exchange Commission (SEC). The charges brought against Kraken were said to be a response to the firm’s vocal advocacy for regulatory boundaries within the digital asset industry. In a blog post dated February 22, Kraken revealed that
The SHEboshi NFTs, which are associated with the popular meme coin Shiba Inu (SHIB), witnessed a lightning-fast success. With all 20,000 collectibles sold out in less than three hours post-launch, it is evident that there was a huge demand for these digital assets. Initially priced at 0.05 ETH each, the floor price of SHEboshi NFTs
House Majority Whip Tom Emmer recently raised concerns about government agencies under the Biden administration starting to collect data on Bitcoin mining firms. Emmer criticized the Office of Management and Budget (OMB) for approving a request from the Energy Information Administration (EIA) to implement an information collection regime on the Bitcoin mining industry without a
South Africa recently announced ambitious plans to integrate digital payments and cryptocurrencies into its financial system in an effort to stimulate economic growth, particularly for marginalized communities. This move is outlined in the country’s 2024 budget, highlighting the government’s commitment to fostering a digital economy through collaboration between the public and private sectors to drive
Bitcoin’s price has been a topic of much speculation and analysis, especially as it hovers around the $52,000 mark. While many traders focus on price movements, a deeper dive into Bitcoin’s liquidity reveals a complex ecosystem that underpins the market. CryptoSlate, in collaboration with Kaiko, has delved into the intricate dance of buy and sell
In the fast-paced and constantly evolving world of cryptocurrency, a new trend has emerged that has captivated the attention of investors and enthusiasts alike – airdrops. These airdrops are essentially free tokens or coins distributed by blockchain projects to attract potential investors and users, ultimately aiming to increase visibility and promote their project. Airdrops come
Pudgy Penguins recently announced an expansion of its partnership with retail giant Walmart, introducing 1,100 new locations carrying Pudgy Toys and exclusive collectibles. This collaboration marks a significant milestone in their joint venture, signaling continued success for the brand. The partnership between Pudgy Penguins and Walmart initially began with the launch of Pudgy Toys, a
Despite Bitcoin’s impressive journey beyond $52,000 in just two years, the cryptocurrency seems to have hit a roadblock recently. Trading below this significant psychological threshold, the overall sentiment remains positive. Recent data reveals an interesting pattern among long-term holders of Bitcoin. These investors have collectively sold approximately 200,000 BTC since the beginning of the year.