Spot Bitcoin exchange-traded funds (ETFs) have seen steady inflows in the past week, surpassing any other exchange-traded products (ETPs) among the 3,400 trading in the United States. Analysts at crypto exchange Bitfinex revealed in the new Bitfinex Alpha report that the ETFs recorded net positive inflows exceeding $2.2 billion for the second consecutive week between...Read More
A vast majority of European residents have expressed optimism and confidence about the future of the cryptocurrency sector. According to a Binance Survey targeting users in France, Italy, Spain, and Sweden, around 73% of respondents are positive about the future of digital assets. A Trend of Optimism The world’s largest crypto exchange surveyed 10,498 individuals...Read More
Arthur Hayes, the co-founder of the BitMEX cryptocurrency exchange, has adopted a pessimistic view of Bitcoin, predicting a decline in its value below the $40,000 threshold. ` In response to this outlook, Hayes has acquired put options set with a strike price of $35,000, set to mature on March 29. BitMEX Co-Founder Invests Put Options...Read More
America’s largest cryptocurrency exchange, Coinbase, has tagged the approval of spot Bitcoin exchange-traded funds (ETFs) in the U.S. a “watershed moment,” which would lead to the expansion of the digital asset economy. In a blog post, the trading platform stated that the new products would unlock diversified pools of fresh investors to propel long-term growth...Read More
The number of merchants accepting Bitcoin has steadily been on the rise in tandem with its adoption curve. Data compiled by BTC Map revealed that the tally of merchants accepting the digital asset reached 6,126 by the end of 2023, marking a significant rise from the 2,207 recorded at the beginning of the year. As...Read More
Próspera, a designated special economic zone located on Honduras’ Roatan Island, has formally embraced Bitcoin as its official unit of account for assessing the value of goods and services. The development was led by Jorge Colindres, who holds the position of acting manager and tax commissioner at Próspera ZEDE (Zone for Employment and Economic Development),...Read More
On this day, 15 years ago, Satoshi Nakamoto mined the genesis block of the Bitcoin network, laying the foundation for the cryptocurrency industry. Since 2009, the community has celebrated Bitcoin’s birthday every January 3, reminiscing about one of the most significant moments in crypto history. Bitcoin’s 15th Anniversary The genesis block contains the first 50...Read More
A survey conducted by Binance indicates that close to 50% of its users depend on crypto as a means to generate additional income. The latest observation was part of its new campaign, “Crypto is better with Binance.” Based on data from a survey with a sample size of 1,172 participants from November 15, 2023, to...Read More
Developing countries will continue to adopt Bitcoin (BTC) before it eventually becomes imperative for all national treasuries to hold, according to $1.5 trillion asset manager Frankin Templeton. The investment firm’s Head of Digital Asset & Investor Advisory Services, Sandy Kaul, spoke at length this week about the future of Bitcoin adoption – from its place...Read More
Bitcoin (BTC) has reached a new year-to-date high, soaring past $42,000 on December 4. The asset has broken through the upper limit of the trading range it was confined to for weeks, recording its strongest monthly close since March 2022. However, analysts from the cryptocurrency exchange Bitfinex have warned that investors and traders be wary...Read More
A recent report from Grayscale Investments revealed an unexpected diversity in Bitcoin (BTC) ownership, with 74% of addresses holding less than 0.01 bitcoin, equivalent to approximately $380. Grayscale’s research dispels the inaccurate public belief that Bitcoin is predominantly owned by a few individuals, revealing around 40% of BTC’s supply is concentrated among institutions like exchanges,...Read More
Despite unfavorable economic conditions and the persistent bear market, institutional cryptocurrency adoption has been on the rise. Investors have remained resilient and expressed optimism and strong sentiment about crypto’s role in the future of financial settlements. A recent survey conducted by leading U.S. crypto exchange Coinbase found that 64% of institutional investors currently investing in...Read More
In a recent study conducted by Coinbase, a paradigm shift has emerged among the young American population. An impressive 38% of younger Americans now believe crypto and blockchain technology can provide significant economic opportunities not commonly found in the traditional finance sector. Interestingly, this stands in stark contrast to older generations, where approximately 26% share...Read More
Bitcoin is growing increasingly scarce, and its price movements are finally showing it. Recent statistics from the on-chain analytics platform IntoTheBlock reveal that an unprecedented portion of the accessible BTC supply has been securely stashed away for the long term. Long-Term Bitcoin Holders Remain Resilient Long-term Bitcoin holders have significantly ramped up their exposure to...Read More
Crypto markets remain down around 65%, or $2 trillion in total market capitalization, from their peak in November 2021. The industry has been battered by a barrage of attacks from regulators and politicians, especially in the United States. Moreover, the wave of hacks and exploits has continued unrelenting. Nevertheless, there is a silver lining, and...Read More
Sub-Saharan Africa is the region with the smallest cryptocurrency economy, representing only 2.3% of the global transaction volume from July 2022 to June 2023. During this period, the region accumulated an estimated $117.1 billion in on-chain value. No country exemplifies this better than Nigeria, according to blockchain Chainalysis, which ranks second overall on the blockchain...Read More
The global crypto adoption is down, but there’s more to the story. Lower middle-income (LMI) countries, for one, have demonstrated an extremely promising crypto adoption trend. This cohort of countries constitutes 40% of the world’s population. Hence, if they are the future, they could be a big part of the crypto future, according to Chainalysis’...Read More
Bitcoin’s price has basically been on pause since mid-June, as the asset trades range-bound since then. The exchange rate of BTC to USD remained above $29,000, with resistance at $30,000. It’s as if markets are waiting on the SEC’s spot Bitcoin ETF approvals. In fact, one metric of bitcoin’s price stability touched five-year historic lows...Read More
A new survey by Binance Research, the research arm of the world’s largest cryptocurrency exchange, found that most institutional investors are optimistic about the outlook of cryptocurrencies for the next 12 months. Binance Research conducted the survey from March 31 to May 15, 2023, with 208 global institutional clients and VIP users as the respondents....Read More
On April 28, Venmo, a popular mobile payment platform owned by PayPal, announced that in the coming weeks, it will enable a new feature allowing users to transfer cryptocurrencies on and off the platform. This move is seen as part of Venmo’s continuous efforts to cater to the growing demand for crypto-based services among its...Read More
Prominent derivatives marketplace Chicago Mercantile Exchange (CME) Group has announced adding daily expirations for Bitcoin (BTC) and Ether (ETH) futures options contracts. Pending regulatory review, the two new additions will have expirations Mondays through Fridays. Bitcoin and Ether Daily Expiries According to the official press release, CME Group will offer new expiries for options on...Read More
El Salvador’s Central Bank (BCR) informed today that it has registered 80 Bitcoin service providers to operate legally in the country. Among the service providers registered with the BCR are: CHIVO, S.A. DE C.V., the company responsible for the government’s official wallet, Chivo; the Bitcoin custodians Paxos, 503 Escrow, Bitcapital, the startup Niu, and many...Read More
A study conducted by the cybersecurity company Kaspersky determined that approximately a third of the US crypto investors have had some portion of their stash stolen by hackers. Bad actors usually con victims by luring them to enter a counterfeit website or urging them to join a dubious investment platform. ‘People Need to Take Care...Read More
According to a recent Statista report, India’s crypto community could surge to more than 156 million members by the end of the year. Most people expected to jump on the bandwagon are educated younger individuals with middle-income status who seek alternatives to the shaking banking system. Indians Could Flock to Crypto in the Near Future...Read More
The “Vietnam Crypto Market Report 2022” revealed that 16.6 million Vietnamese own digital currencies, with bitcoin being the most popular asset. Another research conducted by Chainalysis placed the Asian country as the world’s cryptocurrency adoption leader, with a score of 1.000. Close to the Top The study, reported by a local media outlet, estimated that 16.6...Read More
One of the leading travel agencies in Latin America – Despegar – partnered with Binance Pay and Inswitch to enable clients to pay for tour packages in cryptocurrencies. For starters, the offering will be available only for customers in Argentina. Despegar Leads the Way The agreement, announced by the world’s biggest cryptocurrency exchange – Binance, turned...Read More
After a series of high-profile collapses and the ensuing regulatory heat in their wake, if you thought the crypto saga had hit a roadblock, you can’t be held wrong. However, a new survey by Paxos, the New York-headquartered blockchain technology company, offers a new spin to the tale. It says 75% of consumers are confident...Read More
There has been little movement in crypto over the weekend following the selloff last week. The broader market remains 65% down from its peak level in November 2021 as the bears remain in control. However, several prominent corporations have made moves into the sector recently, indicating confidence that things will turn bullish again at some...Read More
The cryptocurrency exchange Coinbase estimated in its latest study that every fifth American has already hopped on the cryptocurrency bandwagon. There are more HODLers among youngsters and people of color. Crypto Can Update the Financial System Coinbase surveyed over 2,000 American adults to determine their thoughts on the current global financial network and check their...Read More
Novotel Bahrain Al Dana Resort reportedly became the first hotel in the country to accept cryptocurrencies as a means of payment. Other hotels located on the Arabian peninsula that embraced digital assets during the past several months include W Dubai – The Palm and Palazzo Versace Dubai. Entering the World of Crypto According to recent...Read More
