The landscape of cryptocurrency trading is evolving rapidly, especially with the recent approval of options for spot Bitcoin ETFs. This paradigm shift signals potentially significant changes in Bitcoin price volatility. Jeff Park, head of Alpha Strategies at Bitwise Investments, shares nuanced insights on this topic that are worth dissecting as traders and investors prepare for
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In a significant regulatory shift, the United Arab Emirates (UAE) has announced an exemption for cryptocurrency transactions from its 5% value-added tax (VAT). This decision, made public via an amendment to the Executive Regulation accompanying the Federal Decree Law on VAT, is poised to take effect on November 15, 2024, while also applying retroactively to
The realm of cryptocurrency is characterized by rapid evolution, unpredictable market movements, and a constant influx of new technologies and regulations. In such a dynamic environment, the need for articulate and knowledgeable voices has never been greater. One such voice is Scott Matherson, a leading writer at NewsBTC who has made significant contributions to the
Metaplanet, listed on the Tokyo Stock Exchange, recently reinforced its bullish outlook on Bitcoin by acquiring an additional 108.786 BTC for 1 billion yen, translating to approximately $6.7 million. This latest purchase brings Metaplanet’s total holdings to a substantial 639.503 BTC, which currently holds an estimated market value of $40.6 million. This strategic move highlights
The world of gaming is undergoing a profound transformation, largely driven by the advent of blockchain technology and its underlying framework, Web3. As we approach the end of 2024, a number of tokens are emerging as vital players within this sector, proving essential for the development of decentralized gaming ecosystems. These tokens serve various purposes,
Hong Kong is paving the way for a more inclusive and regulated cryptocurrency market as the Securities and Futures Commission (SFC) prepares to issue additional licenses to crypto enterprises before the end of the year. This decision, highlighted in a report by local media outlet Hong Kong 01, follows the SFC’s recent endorsement of HKVAX,
On October 7, 2023, traders and investors were taken by surprise as Bitget’s BGB token plummeted by an astonishing 50% within a matter of hours. The cryptocurrency, which had been valued at $1.14, dipped down to $0.64 before undergoing a rapid recovery. This sudden dip in price has reignited discussions around the inherent volatility of
The cryptocurrency market is a continually evolving landscape, with Bitcoin at the forefront. As one of the most discussed assets, Bitcoin’s price movements often catch the attention of analysts and investors alike. Utilizing established frameworks like the Wall Street Cheat Sheet can offer invaluable insights into the trends that influence Bitcoin’s market cycles. A recent
In recent months, the cryptocurrency market has been teetering on a precarious edge, driven by fluctuating investor sentiment and macroeconomic factors. However, analyst Ash Crypto posits that Bitcoin, the flagship cryptocurrency, is on an upward trajectory that could see its price reaching an astonishing $100,000 by the end of this year. This prediction is bolstered
Ethereum (ETH), one of the most notable cryptocurrencies in the digital asset landscape, is currently grappling with significant price fluctuations, sitting approximately 11% below its local peak of around $2,730. Investor sentiment is cautiously optimistic, spurred on by encouraging on-chain metrics that shed light on market dynamics. This article aims to dissect the current situation