Cryptocurrency

It’s been a remarkable time to be a Bitcoin (CRYPTO: BTC) holder. Since the start of 2023, the leading digital asset has surged 307%. The approval of spot exchange-traded funds (ETFs) and the upcoming halving in April were recent catalysts. Investors might be surprised to learn that gold is also near record highs due to…

Ethereum single-day buy-up hits 298,000 ETH amid significant demand surge There is an increasing demand for Ethereum (ETH) on centralized trading platforms as the approval of the spot ETF drives bullish sentiment. According to CryptoQuant’s Head of Research Julio Moreno, Ethereum demand has surged significantly. Ethereum buying breaks major record As Moreno highlighted, Ethereum purchases…

The price of bitcoin is expected to skyrocket to $500,000 by the end of the decade, according to a recent report from Bernstein. In an initiation note on MicroStrategy stock, Bernstein analysts Gautam Chhugani and Mahika Sapra predict that bitcoin will rise 659% from Friday afternoon levels to reach half-a-million dollars by 2029. The driving…

A significant Bitcoin whale has just transferred $1.06 billion worth of Bitcoin from its Coinbase account. The notable transaction occurred as the price of the leading digital currency fell below $67k recently, marking a -4.31% change over the past day. According to data from on-chain analysts, the whale moved the BTC in two large batches…

Paraguay has taken the initiative to sell surplus hydro-energy to Bitcoin miners, boosting economic growth while balancing the need for regulatory oversight to effectively manage the sector. Paraguay has made a significant step in leveraging its abundant hydro-energy resources to support Bitcoin mining, aligning this move with its broader economic development strategy. The country’s decision…

Why Is The Crypto Market Down Today? Following a slight pullback of 0.48% on Thursday, Bitcoin experienced a significant downturn the previous evening. The price of Bitcoin dropped by 2.05% on Friday, causing a major reversal in the previously uptrending top altcoins and the entire crypto market. Ethereum’s price fell by 3.56%, while Solana dropped…

The company’s spot Bitcoin ETF has pulled in $513 million up until now, and it foresees a promising future for Ethereum as well. Global asset manager VanEck predicted on Wednesday that Ethereum’s price will soar to $22,000 by the end of the decade, describing the cryptocurrency as “digital oil” in their latest report. This would…

Data on bitcoin options’ open interest suggests a bullish outlook for the price of the world’s top cryptocurrency. Many bitcoin enthusiasts are speculating that the price of bitcoin, the largest digital currency, could surge beyond $74,000 this month, according to analysts at QCP Capital. They have been analyzing call option data to gauge the optimistic…

Projection: Bitcoin Could Soar to $150,000 by 2030 This premier digital asset is poised to be a significant player in the coming years. Over the last 18 months, Bitcoin (BTC – 1.16%) has witnessed a remarkable surge, escalating by 299% since early 2023. Although its ascent has moderated slightly, with a 6% drop from its…

In May 2022, Nigeria’s Securities and Exchange Commission (SEC) introduced a comprehensive regulatory framework for virtual asset service providers, including digital asset exchanges. This framework required adherence to various laws and regulations to maintain market integrity, protect investors, and prevent financial crimes. Key mandates included the registration of digital asset exchanges, compliance with anti-money laundering…