Bitcoin has experienced a notable surge in price over the past week, with its value fluctuating between $61,000 and $67,000. This positive trend comes amidst concerns surrounding Mt. Gox’s customer repayment and speculations of fear, uncertainty, and doubt. Despite these factors, trading data from QCP Capital suggests that Bitcoin may be gearing up for a
State Street Corp., a prominent player in the traditional finance sector based in Boston, is delving into the realm of cryptocurrencies by exploring the launch of its stablecoin and tokenized deposits. The company aims to enhance payment settlement processes by leveraging blockchain technology. State Street’s endeavors align with its strategic vision to streamline global payments
Bitcoin, the pioneer cryptocurrency, has been the center of attention for many investors and analysts alike. Recently, crypto analyst Scott Melker, also known as “The Wolf Of All Streets,” has made a bold prediction regarding Bitcoin’s price target. He has expressed a strong bullish stance, foreseeing Bitcoin reaching a fresh all-time high of $100,000. This
Kraken Institutional, the division catering to institutional investors of the US-based crypto exchange Kraken, has announced the expansion of its custody services into the UK and Australia. This move is significant as it marks the first international venture for Kraken Custody since its initial launch earlier this year. According to a press release, institutional clients
Semilore Faleti has carved a niche for himself in the realm of crypto journalism, delving deep into the complexities of blockchains and cryptocurrency. His journey from a general content writer to a specialized crypto journalist is a testament to his passion for digital assets and their potential to revolutionize the financial landscape. Early Beginnings Starting
The Chicago Board Options Exchange (CBOE) has recently made an announcement regarding the launch date of Spot Ethereum ETFs, bringing excitement to the crypto market. This development is set to provide investors with new opportunities to gain exposure to Ethereum without the typical volatility associated with cryptocurrencies. On July 19, the CBOE officially confirmed that
The recent rally in the price of bitcoin has sparked optimism among investors, with the crypto asset reaching highs of $67,000. Despite this, it is currently trading around $64,000. Analysts at CryptoQuant have pointed to on-chain metrics suggesting positive momentum in the near term. However, concerns have been raised about the sustainability of this rally
Trading volume on centralized exchanges experienced a significant decline of 21.8% in June, marking the third consecutive month of diminishing activity since March. A report by CCData revealed that the combined spot and derivatives trading volume across these platforms amounted to $4.2 trillion, a sharp drop from the peak of $9 trillion recorded earlier in
In the fast-evolving world of cryptocurrency, dog-themed meme coins have recently captured the attention of investors and traders alike. Coins like Dogecoin (DOGE), Shiba Inu (SHIB), Floki Inu (FLOKI), and dogwifhat (WIF) have experienced significant growth in the first half of 2024. This surge in popularity can be attributed to their strong communities, active social
Despite the recent recovery in the crypto market, Cardano holders are facing significant challenges with many still nursing losses. This has raised concerns and speculations surrounding the reasons behind this poor performance. Data from IntoTheBlock highlights the fact that Cardano is the worst-performing altcoin in terms of profitability among the top 10 largest cryptocurrencies by
