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Microstrategy Chairman Michael Saylor predicts that the demand for bitcoin will double following the halving and the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). Saylor believes that the next 12 months will be a prosperous period for the asset class and identifies three key factors that he […]

Hong Kong Open to Allowing Trade of Spot Crypto ETFs Hong Kong is currently exploring the possibility of permitting the launch of spot cryptocurrency exchange-traded funds (ETFs) as long as the associated risks are properly addressed. In a recent interview, Julia Leung, the CEO of the Hong Kong Securities and Exchange Commission, emphasized that the

Binance Introduces USDT Earning Program with Up to 13% Annual Percentage Yield This week, Binance, the world's leading cryptocurrency exchange in terms of trading volume, announced the launch of a new program that allows users to earn tether (USDT) with an annual percentage yield (APY) of up to 13%. This move by Binance comes in

Temporary Prevention Measure Taken by Aave Guardian The decentralized finance (defi) protocol Aave's guardian announced on November 4th that it had temporarily paused the Aave V2 Ethereum Market and frozen certain assets on Aave V3 on Polygon, Arbitrum, and Optimism. This decision was made in response to a reported issue concerning the protocol. The guardian

Cathie Wood's Preference for Bitcoin Cathie Wood, the founder and CEO of Ark Investment Management, recently expressed her strong support for bitcoin as a long-term investment. In a podcast interview with Bloomberg's "Merryn Talks Money," Wood confidently stated that if given the choice between gold, cash, or bitcoin as a ten-year investment, she would pick

Fidelity's director of global macro, Jurrien Timmer, believes that bitcoin is the "exponential gold" of the digital age. In a series of posts on social media platform X, Timmer outlined his views on bitcoin's potential as a store of value and hedge against monetary debasement. Bitcoin's Role as a Commodity Currency Timmer describes bitcoin as

Bitcoin Bitcoin (BTC) experienced a decline of 3.3% on Friday, November 3, 2023, with its price dropping to $34,195. The trading volume for the last 24 hours stood at $20.79 billion. The relative strength index (RSI) reading of 70 suggests that bitcoin is approaching overbought levels, while the Stochastic oscillator of 86 indicates the possibility

Introduction In a surprising turn of events, Coinbase, the publicly-traded cryptocurrency exchange, has announced favorable financial results for the third quarter of 2023, despite the ongoing slump in the crypto market. The company's net income reached $2 million, while adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at $181 million. This article delves

The stablecoin market experienced significant growth in October, with the addition of $608 million to the fiat-pegged token market. This growth comes after several consecutive monthly declines. However, despite the overall increase, six out of the top ten stablecoins saw reductions in their supply during the month. Fiat-Pegged Token Market Grows Modestly in October, Led

The Bankman-Fried Saga: From Crypto King to the Courtroom's Closing Arguments Federal prosecutor Nicolas Roos presented his closing arguments this week, alleging that Sam Bankman-Fried, the CEO of cryptocurrency exchange FTX, had stolen billions of dollars from customers and repeatedly lied to conceal his actions. According to Roos, Bankman-Fried's web of deception eventually crumbled, leaving