Bitcoin halving is a significant event in the cryptocurrency world What is Bitcoin Halving? Bitcoin halving, which happens roughly every four years, cuts the rate of new Bitcoin creation by half. This event is tied to the method of recording and generating Bitcoins. Transactions are logged on a blockchain, a ledgerRead More →
Digital assets have soared recently to unprecedented heights and then plummet just as quickly. It’s an extremely volatile financial environment. Amid this volatility, the European Union’s securities watchdog, the European Securities and Markets Authority (ESMA), has sounded a cautionary note. The Concentration Conundrum ESMA’s latest report highlights a considerable concern: theRead More →
Ripple CEO Brad Garlinghouse anticipates the total value of the cryptocurrency market will double this year. He references the launch of the first U.S. Bitcoin exchange-traded fund (ETF) and the forthcoming Bitcoin halving event as key factors. “The overall market capitalization of the cryptocurrency industry is expected to double byRead More →
Bitcoin extended its slide on Tuesday 19th March 2024, dropping more than $10,000 from its all-time high last week. The cryptocurrency went below $63000. Last week it climbed to a record $73679. The move helped drag other cryptocurrencies lower. Ether lost more than 5% and was recently trading at $3,287.58 after topping $4,000 lastRead More →
Bitcoin has been on a remarkable ascent! It soared past the $72,000 mark on Monday 11th March 2024, setting a new all-time record. This surge is attributed to a growing demand for new spot exchange-traded funds (ETFs), which have been approved for listing in the U.S. by some of the world’s largest financial firms. Read More →
The relentless volatile march of Bitcoin continues… again! Bitcoin jumped gain, edging ever closer to its all-time high after the rally took a breather over the weekend. Last week, Bitcoin surged $10,000 in the space of a couple of days. It looks very much like the ETFs are kicking in duringRead More →
Bitcoin halving is an event that occurs approximately every four years, when the reward for mining Bitcoin transactions is reduced by 50%. This means that the number of new Bitcoins created and entering circulation is also cut in half. Bitcoin mining Bitcoin mining is the process of using computers toRead More →
Bitcoin’s price leapt 10% in just two days and on Monday 26th February 2024, surpassed $54,000 for the first time since December 2021 The gains came on the back of MicroStrategy disclosing another large purchase of about 3000 Bitcoins for $155 million. Analysts see a flow of funds into BitcoinRead More →
The value of all the Bitcoin market capitalization, on Wednesday 14th January 2024 climbed above $1 trillion for the first time since late 2021, according to CoinMarketCap data. Bitcoin also broke through the 51000 level, marking the first time it has hit this value since December 2021. The price riseRead More →
Bitcoin rose in volatile trading on Thursday 11th January 2024 after the Securities and Exchange Commission gave the green light for the first-ever spot Bitcoin ETFs to trade in the U.S. Approval The Bitcoin ETF approval is a massive achievement for the crypto industry as a whole, which first attempted to launch aRead More →
After years of regulatory rejection, the U.S. Securities and Exchange Commission on Wednesday 10th January 2024 finally approved the Bitcoin EFT. It has approved what are known as ‘spot’ Bitcoin Exchange-Traded Funds (ETFs), which can be purchased by anyone from pension funds to retail investors. This now means that some of theRead More →
Bitcoin jumped briefly on Tuesday 9th January 2024 after a post on the U.S. markets SEC regulator’s ‘X’ account post said it had approved the Exchange-Traded Funds (ETF’s) in the cryptocurrency. This was a big news event for the cryptocurrency community and for the wider investment world. Large and smallRead More →
Crypto related stocks climbed Monday 8th January 2024 as the price of Bitcoin increased again to its highest level since April 2022. Crypto exchange Coinbase rose 3%, while Block and Robinhood, which also offer Bitcoin trading services, added 3% and 5%, respectively. Mining stocks enjoyed gains too: Marathon Digital and Riot Platforms advanced some 8% each. CleanSpark and Iris Energy both added 6%. ETF decisionRead More →
Bitcoin surged Monday and Tuesday 1st and 2nd January 2024, climbing above $45,000 to hit its highest level in nearly 21 months, as the rally in cryptocurrencies continues. Other cryptocurrencies have joined in the rally, with Ether and Solana both rising. Traders are anticipating the potential approval of a bitcoinRead More →
For true cryptocurrency bulls, the most lucrative investments in 2023 were in the stock market. While Bitcoin rallied over 150% for the year, shares of Coinbase, Marathon Digital, MicroStrategy and the Grayscale Bitcoin Trust, which are all tied closely to the digital currency, did substantially better, rising more than 300% in value. Bitcoin miner Marathon Digital soared someRead More →
A $5000 fall in 24 hours. Bitcoin fell 7% Monday 11th December 2023 after touching $45,000 demonstrating its aptitude for volatility. A $5000 fall in 24 hours. The move comes after a 12% tear for Bitcoin in December 2023 as expectations grew that the U.S. could soon approve its first spotRead More →
Britcoin is a potential British digital currency that would be issued by the Bank of England and backed by the Government. It would be tied to the pound and have a stable value, unlike cryptocurrencies such as Bitcoin. It would be accessible through digital wallets and interchangeable with cash andRead More →
Bitcoin extended its rally overnight, climbing past the $41,000 level for the first time since May 2022. The price of Bitcoin quickly soared above $41,000 easily taking out $40,000. The cryptocurrency is up around 13% over the past month and up more than 130% year to date. But the priceRead More →
Singapore is planning to introduce stricter regulations for cryptocurrency service providers in order to protect retail customers from the higher financial risks associated with digital assets. Some of the proposed measures Requiring crypto service providers to disclose the fees and charges for their services, as well as the risks andRead More →
Binance is still open for business and is now being run by, Richard Teng. But who is the new boss of Binance? Mr Teng, from Singapore joined Binance just over two years ago as the chief executive of the Singapore business. That was the year when Binance came under aRead More →
Binance chief Changpeng Zhao pleaded guilty Tuesday to criminal charges and stepped down as the company’s CEO as part of a $4.3 billion settlement with the Department of Justice, according to court documents. The plea arrangement with the U.S. government resolves an investigation into the world’s largest cryptocurrency exchange. ZhaoRead More →
It was reported Friday 17th November 2023 by the city-state’s central bank that Singapore will be piloting the live issuance and use of wholesale central bank digital currencies in 2024. During the pilot, the Monetary Authority of Singapore, (MAS) will partner with local banks to pilot the use of wholesaleRead More →
Sam Bankman-Fried, founder of the world’s biggest cryptocurrency exchange, has been found guilty of fraud and money laundering at the end of a month-long trial in New York. He was accused of lying to investors and customers and stealing billions of dollars from FTX, which went bankrupt in November 2022. HeRead More →
The UK government said it intends to bring a number of crypto asset activities under the same regulations that govern banks and other financial services firms. The U.K. government has recently announced its plans to regulate the crypto industry with formal legislation by 2024. The government aims to protect consumers and growRead More →
The price of Bitcoin breached the $34,000 level to hit its highest value since May 2022, encouraged by optimism around the possibility of a Bitcoin ETF. Bitcoin was trading at one point on Tuesday morning, 23rd October 2023 touched $34,940 before pulling back. Bitcoin one month chart October 2023 AnticipationRead More →
Warren Buffett is one of the most successful investors in the world, but he is also one of the most vocal critics of Bitcoin. Opinion not all agree These are some of the opinions that Warren Buffett has expressed about Bitcoin over the years. However, not everyone agrees with him,Read More →