Bitcoin price has toppled in the past few days, ahead of the halving. However, the trend is currently coinciding with the moves of the Nasdaq 100. To continue following the trajectory, Bitcoin prices will have to rise above $69K, keeping the upward trend in motion. Bitcoin Price Mirrors Nasdaq Movement As per carts and figures, […]
Central Banks Unite for Tokenization to Revamp Money System
The Bank for International Settlements (BIS) has announced the launch of Project Agorá. This project is a joint venture between seven central banks, including the UK, Japan, South Korea, Mexico, Switzerland, New York, and Europe, and private financial entities that aims to study the integration of tokenized commercial bank deposits with central bank money. Project […]
Fed’s Powell Is In No Rush for Interest Rate Cuts, More Pain for Bitcoin (BTC)?
On Wednesday, April 3, Federal Reserve officials including Chairman Jerome Powell stated that there’s more discussion necessary before deciding on any interest rate cuts. Many financial analysts have been expecting the first rate cuts to occur by June 2024, however, there’s no certainty behind this as of now. This means risk-ON assets like Bitcoin and […]
Wall Street Banks Rush To Buy Bitcoin From Crypto Miners Amid Supply Woes
The advent of U.S. Spot Bitcoin ETFs has set off a frenzy among Wall Street players, signaling their increasing confidence in the flagship crypto, Bitcoin. However, this surge in institutional interest has raised concerns about a potential BTC supply crunch. Amid this, major Wall Street banks are now vying to directly purchase Bitcoin from mining […]
SEC Vs. Ripple: XRP Supporters Question Hinman’s Ethics
The ongoing legal fight between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) continues to generate questions among the cryptocurrency community with regard to the former SEC chief, William Hinman. Hinman’s impact on regulatory views regarding digital assets has drawn hot discussions, particularly within the XRP community. Miles Jennings, General Crypto Counsel at […]