Category: Bitcoin

Hong Kong’s largest virtual bank, ZA Bank, launched a new service allowing retail users to buy and sell Bitcoin and Ethereum directly using fiat. According to a Nov. 25 statement from the bank, Hong Kong residents need an account with the bank and must undergo a risk assessment before using the new crypto service linked…

Top Stories of The Week Solana ETF regulatory filings flood in as Gensler sets departure date Cboe BZX Exchange submitted four 19b-4 filings for asset managers to list spot Solana exchange-traded funds (ETFs) on Nov. 21 — the same day the United States Securities and Exchange Commission Chair Gary Gensler confirmed he would resign in…

Bitcoin (BTC) can finish the year at $125,000 or more, prediction markets say, as bulls keep up pressure on six figures. Data from betting platform Kalshi suggests an 85% chance of a $100,000 BTC price before the end of 2024. BTC price faces “wild” $127,000 forecast Bitcoin may not have cracked the $100,000 mark yet,…

Global investment manager Van Eck has reissued its $180,000 price target for Bitcoin at the peak of the current cycle.  In its latest Bitcoin report on Nov. 21, Van Eck digital asset analysts Nathan Frankovitz and Matthe Sigel said the next phase of the crypto bull market is only “just beginning.” They predicted that an…

MicroStrategy (MSTR) has completed a $3 billion offering of 0% convertible senior notes due in December 2029, with plans to use a portion or all of the proceeds to buy more Bitcoin. The business intelligence firm announced the completion as its shares retraced over 25% on Nov. 21, Google Finance data shows. The convertible senior…

BiT Global claims Coinbase delisted Wrapped Bitcoin (WBTC) to gain a “competitive advantage” for Coinbase’s own Bitcoin (BTC) wrapper, Coinbase Wrapped BTC (cbBTC), the WBTC custodian told Cointelegraph. On Nov. 19, Coinbase tipped plans to suspend trading of WBTC in December, citing undisclosed failures to meet the cryptocurrency exchange’s standards for listing tokens. “It’s clear…

Crypto phishing scammers are apparently earning five-figure weekly incomes by impersonating Coinbase support and using leaked data to target high-ranking crypto executives and software engineers. Nick Neuman, CEO and co-founder of Bitcoin self-custody solutions provider Casa, said he was recently called by a “Coinbase support” scammer and found out more than expected after he “decided…

Options on BlackRock’s iShares Bitcoin Trust ETF (IBIT) made waves on Nov. 19 when its newly launched market recorded $1.9 billion in trading volume. On X, a handful of analysts deemed the launch a success after the day wrapped up with a startling imbalance in the contracts.  There were 288,740 call (buy) options compared to…

Bitcoin (BTC) is the largest cryptocurrency by market capitalization and an emerging store of value asset. However, its limited programmability has historically restricted its utility in decentralized finance (DeFi) applications. Wrapped Bitcoin tokens help address this limitation and facilitate the transfer of Bitcoin’s value to platforms that are faster and more expressive.  However, recent developments…

Rumble, a YouTube alternative popular among the far-right and conspiracy theorists, has become the latest company to consider adding Bitcoin to its balance sheet. Rumble Inc (RUM) shares gained as much as 9%, hitting a high of $6.20 in after-hours trading on Nov. 19 after its founder and CEO Chris Pavlovski earlier posed the question…

Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, launched its platform in France almost a year after securing a digital asset service provider (DASP) registration. The launch allows local users to deposit, trade and store at least 70 digital assets on web or mobile devices, the company told Cointelegraph on Monday, Nov. 19.…

Artificial intelligence firm Genius Group has taken the first steps to turn most of its treasury reserves into Bitcoin, purchasing 110 Bitcoin for $10 million — and wants to teach other firms to do the same. According to a Nov. 18 statement from the firm, it purchased at an average price of $90,932 per Bitcoin…

Bitcoin (BTC) price registered a new weekly high close for the second consecutive week after recording a 12% rise over the past seven days. The crypto asset is up 31% for the month as prices continued to consolidate near its all-time high (ATH) range. Bitcoin 1-week chart. Source: TradingView With technical analysis demonstrating a bullish…

Bitcoin (BTC) launches into a new week inches from fresh all-time highs after sealing its best-ever weekly close. Bitcoin traders see price discovery returning in the coming week while eyeing levels toward $80,000 as a “buy the dip” opportunity. The weekly close set another record, but November 2024 remains nothing out of the ordinary for…

Robert F. Kennedy Jr captured headlines once again due to earlier remarks the former Presidential candidate made — claiming that he “Put most of his wealth” into Bitcoin (BTC). The former independent candidate also described Bitcoin as the “Currency of freedom” in a November 16 online post and reiterated the digital asset’s power to hedge…

Macroeconomist Lyn Alden, who has admitted she isn’t a big fan of Ethereum, said she was surprised by the cryptocurrency’s weak performance against Bitcoin after a presidential election outcome she expected to be more favorable for Ethereum. “I’ve been kind of a polite long-term Ethereum bear, but the post-election new low in ETHBTC is even…

Top Stories of The Week Bitcoin will not fall to $60K with no ‘threats in the near-term’ — Michael Saylor MicroStrategy founder and Bitcoin bull Michael Saylor has ruled out the chances of Bitcoin retracing to $60,000 — a crucial price level for the majority of 2024. “I don’t think it is going to $60,000,…

Ethereum’s native token, Ether (ETH), recently slipped below its longest-serving support level against Bitcoin (BTC), leading top analysts to conclude that it is “dying a slow death.” Ether breaks support that once prompted a 1,800% rebound Notably, the ETH/BTC pair broke below the ascending trendline support that has coincided with its market bottoms since 2016.…

The United States Commodity Futures Trading Commission (CFTC) has issued a notice, “clearing the way” for spot Bitcoin exchange-traded fund (ETF) options. Analysts are now speculating the products could be listed imminently. “Ball now in OCC’s court, and they are into it, so they’ll prob list very soon,” ETF analyst Eric Balchunas wrote in a…

Bitcoin (BTC) is down 0.5% over the last 24 hours to trade at $89,077, 4.5% below its $93,434 all-time high. Despite this pullback, optimism around a possible crypto-friendly Trump administration, rising stablecoin inflows into exchanges, and steady inflows into the spot Bitcoin exchange-traded funds (ETFs), and several onchain indicators suggest that the bull market is…