Author: CryptoHoppers
The Central Bank of Brazil is preparing to open the cryptocurrency market to traditional finance institutions, which will be able to operate in this industry with clarity after the enactment of the upcoming regulation. Small crypto startups might face challenges in regularizing their situation due to the high bar this framework will impose. Central Bank […] Source link
Rumors swirl around the potential for nation states to acquire large reserves of bitcoin (BTC), sparking debates on the risks and benefits for the cryptocurrency’s future. Could Nation States Holding Bitcoin Spark Hyperbitcoinization? In recent days, rumors have emerged about nation state accumulating substantial amounts of bitcoin, with some speculation even suggesting a coordinated effort […] Source link
In the recent Ripple Swell Conference, Dan Morehead, CEO of Pantera Capital, sat down with Ripple CEO Brad Garlinghouse and addressed the dual nature of hyper and hope within the blockchain industry.Dan Morehead’s Insights on Blockchain TechnologyAccording to Dan Morehead, even though Blockchain technology can have a vast number of utilities, it is currently overhyped. People are yet to understand that even though the technology can have many utilities, it might take another 10-20 years in order to reach its full potential. This highlights the long-term nature of blockchain technology.Morehead acknowledged the excitement within the industry but raised a warning…
Key Takeaways Mt. Gox transferred 2,500 Bitcoin worth about $222 million as Bitcoin neared $89,000. The exchange holds around 44,378 BTC valued at approximately $3 billion. Share this article A Mt. Gox-labeled wallet just transferred 2,500 Bitcoin, worth around $222 million, to an unidentified address starting with “1PQZw2” in the last 30 minutes, according to data tracked by Arkham Intelligence. The new transaction was made amid Bitcoin’s surge to $89,000, CoinGecko data shows.Source: Arkham IntelligenceAt the time of reporting, the defunct crypto exchange still holds around 44,378 BTC in its wallets, valued at approximately $3 billion.The latest move follows a…
From November 14th to 17th, Marfa, Texas, will come alive with Art Blocks Marfa Weekend—a four-day gathering where art, technology, and community intersect. As a cornerstone of the generative art movement, Art Blocks curates a blend of immersive installations, panel discussions, exhibitions, and performances, drawing artists, collectors, and enthusiasts to explore blockchain’s transformative role in art. Highlights of Art Blocks Marfa Weekend 2024 Thursday, November 14 Tokens of Presence Exhibition at Art Blocks Gallery: Generative art takes form in physical space with works by Michael Kozlowski, Iskra Velitchkova, Zach Lieberman, and more. glitch Gallery Presents 113’s Untitled Exhibition: Tribute…
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we examine how the policies of President Javier Milei and President Nayib Bukele can guide President-Elect Trump in completing several reforms in America. Latam Insights Encore: Trump May Take Cues From Argentina […] Source link
Dogecoin started a fresh surge above the $0.220 resistance against the US Dollar. DOGE is up over 50% and is showing signs of more upsides. DOGE price started a fresh rally like Bitcoin and climbed above the $0.220 resistance level. The price is trading above the $0.2800 level and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $0.280 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could continue to rally if it clears the $0.3050 and $0.3120 resistance levels. Dogecoin Price Eyes More Gains Dogecoin price…
Bitcoin has been hitting new all-time highs over the past week as the crypto market recorded strong bullish sentiment after GOP candidate Donald Trump won the U.S. presidential elections. Bitcoin (BTC) gained 18% over the past week and is up 3% in the past 24 hours. The leading cryptocurrency reached an ATH of $81,858 earlier today — currently trading at $81,000 following a mild correction. BTC price | Source: crypto.news Thanks to the consistent gains, the BTC market cap surpassed the $1.6 trillion mark. Its daily trading volume also doubled, reaching $92 billion. Bitcoin’s market dominance is hovering at 55.4%…
Key Takeaways Bitcoin’s climb to $80,000 is attributed to strong institutional demand via spot Bitcoin ETFs, rather than retail FOMO. Spot Bitcoin ETFs amassed about $2.3 billion in net inflows shortly after the US presidential elections. Share this article Bitcoin reached $80,000 primarily due to consistent institutional demand through spot Bitcoin ETFs rather than retail investor activity, according to Gemini co-founder Cameron Winklevoss.He believes that this “sticky” demand from institutional investors is a sign of long-term bullish sentiment, and that the current market cycle is still in its early stages. “The road to $80k bitcoin was paved with steady ETF…
A Danvers, Massachusetts man, Trung Nguyen, was convicted of money laundering and operating an unlicensed cryptocurrency business that converted over $1 million in cash to bitcoin. Through his company, National Vending, Nguyen ran a “no questions asked” cash-to-bitcoin service from 2017 to 2020, knowingly processing funds for criminals, including a meth dealer and romance scam […] Source link