Bitcoin ETFs are now holding a substantial amount of Bitcoin, nearly equal to what Satoshi Nakamoto, Bitcoin’s creator, has in their wallet. US-based ETFs own over 1 million Bitcoin, accounting for about 5% of the total supply, driven by remarkable Market performance. There are discussions in the Senate about potentially purchasing another million Bitcoin by ...
In 2021, El Salvador became the first country to adopt Bitcoin as legal tender under President Nayib Bukele. This bold move aimed to integrate cryptocurrency into the nation’s economy, promoting financial inclusion and innovation. Since November 2022, the government has been executing a “1 Bitcoin per Day” program, where they commit to purchasing one Bitcoin ...
BRICS, a group of fast-growing economies including Brazil, Russia, India, China, and South Africa, seeks to challenge the dominance of the US dollar in global trade. They are motivated by a desire to reduce reliance on a currency that grants the United States significant economic and geopolitical power, including the ability to impose sanctions. The ...
BRICS, a group of rapidly growing economies including Brazil, Russia, India, China, and South Africa, aims to challenge the dominance of the US dollar, which currently controls about 80% of global trade. The leaders of these nations want to reduce their reliance on the dollar, as it gives the US significant economic and geopolitical advantages, ...
XRP has recently become the third-largest cryptocurrency by Market cap, surpassing Tether (USDT). As of December 1, 2024, XRP’s Market cap reached $141.8 billion, boosted by a 30% price surge within 24 hours and a remarkable 364% increase over the past month. This rise is largely due to optimism surrounding Ripple’s legal battle with the ...
MicroStrategy’s shares surged 58% in November, driven by Bitcoin’s rising prices and Donald Trump’s electoral win. However, after a 20% pullback, the stock is still up an impressive 502% in 2024. The company continues to focus on Bitcoin, recently announcing a plan to raise $21 billion for further purchases. Despite this optimism, investor Hataf Capital ...
Bitcoin is on a path that could lead it to $100,000, contingent on the demand from short-term holders balancing profit-taking by long-term holders. After a notable decline, Bitcoin closed November at nearly $96,506, showing a 37.3% gain for the month. As December approaches, historical trends suggest that Bitcoin typically performs well during halving years, but ...
The Central Bank of Brazil is taking steps to control the use of stablecoins, planning to prevent users from withdrawing them to self-custodial wallets. This measure is intended to manage financial operations involving digital assets and maintain the integrity of international capital flows. The bank’s proposal restricts stablecoin transfers between residents in scenarios where Brazilian ...
Coinbase has introduced a new integration that allows users to buy Bitcoin and other cryptocurrencies quickly using Apple Pay across various third-party apps. This update enhances the Coinbase Onramp platform, making it easier for developers to incorporate Apple Pay into their apps for crypto transactions. With this integration, first-time buyers can complete their purchases efficiently, ...
Ripple’s XRP is experiencing a significant surge, with whales accumulating over $1.8 billion in tokens as weekly active addresses increased by 200%. Recently, WisdomTree filed for an XRP ETF with the SEC, indicating growing institutional interest. Investors have realized more than $2.7 billion in profits following a large token unlock by Ripple, leading to a ...
