Author: CryptoHoppers

Key Takeaways Bitcoin’s ascent over $69,000 marks a new high, influencing a broad market rally. The rally is driven by heightened institutional interest and positive regulatory developments. Share this article Bitcoin is back in the spotlight after breaking past $69,000 on Sunday. The latest rally has ignited a broad-based rally across the crypto market with altcoins moving higher over the last 24 hours.The flagship crypto has risen almost 2% in a day, now trading at around $69,400, CoinGecko data shows. It seems poised to hit $70,000 amid ongoing market optimism as the Crypto Fear & Greed Index, which analyzes market…

Before bitcoin’s fourth halving, the crypto asset soared to a peak of $73,794 on March 14, as recorded on Bitstamp. During the period from March 10 to April 10, bitcoin’s hashprice—representing the estimated daily earnings for 1 petahash per second (PH/s)—fluctuated between $105 and $125 per PH/s. Fast forward to this week, and as BTC […] Source link

As cryptocurrencies continue to become popular, crypto affiliate networks have become a fascinating source of passive income. These initiatives let people and influencers market crypto-related products, services, or platforms and get paid back. Several top platforms have changed their affiliate programs for 2024 to provide more rich benefits, improved support, and simpler access points. These programs offer an excellent opportunity to monetize your online presence regardless of your experience level as an affiliate marketer or whether you are just starting out. The best crypto affiliate programs of 2024 are listed below. 1. SUP Miner – Cloud Mining Affiliate Program with…

Key Takeaways ECB officials argue Bitcoin’s rise redistributes wealth from latecomers to early adopters. The report urges non-holders to advocate for legislation against Bitcoin to protect their wealth. Share this article Those who have been late to Bitcoin or don’t own the coin have good reasons to oppose it and advocate legislation to protect themselves from its negative consequences of wealth redistribution, according to a recent analysis authored by ECB officials Ulrich Bindseil and Jürgen Schaff.The authors, who said Bitcoin’s February price rally was driven by price manipulation in an earlier report, claim Bitcoin has shifted from its original vision…

Venture capital (VC) investment in crypto and blockchain startups decreased in the third quarter of 2024. This decline is partly attributed to the growing popularity of bitcoin exchange-traded funds, which offer an alternative way for investors to gain exposure to the crypto sector. U.S.-based companies dominate VC deals in the crypto space, followed by Singapore, […] Source link

BlackRock’s Bitcoin ETF received more than $1.05 billion in the past five trading days as investors continue to show more interest in the spot products. BlackRock’s Chief Investment Officer of ETFs, Samara Cohen, confirmed that out of the 80% of direct investors purchasing IBIT, only 5% had owned an iShare, believing there was so much pent-up demand for Bitcoin. BlackRock has long been the major receiver of investor funds among all other ETF providers. In the last five days, it received roughly 50% of the earned net inflows, attracting over $393 million on October 16 alone. Crypto fans flock to…

DBS Bank, the largest bank in Singapore, has rolled out DBS Token Services, a suite of blockchain-powered solutions designed specifically for institutional clients. This initiative marks a significant step in enhancing banking functionality through tokenization and smart contracts, allowing for real-time payments 24/7.A big initiative do you think the banking dip in crypto will pump the blockchain industry? Let’s understand the core features. Key Features of DBS Token ServicesDBS’s Treasury Tokens, recently piloted with Ant International, enhance treasury and liquidity management for large corporations. This solution enables instant multi-currency intra-group transactions, eliminating the limitations of traditional banking hours and offering corporate…

Key Takeaways Bitcoin ETFs reached a total of $21 billion in net inflows, a record high. ARKB and IBIT were the top performers, significantly contributing to the week’s gains. Share this article US spot Bitcoin ETFs reached $21 billion in total net inflows on Friday as investor appetite for these funds remains strong. According to data from Farside Investors, these ETFs collectively netted over $2 billion this week, extending their winning streak to six consecutive days.Yesterday alone, spot Bitcoin ETFs, excluding Valkyrie’s BRRR, attracted around $273 million in net purchases. ARK Invest’s ARKB led the group with nearly $110 million.US-based…

Animoca Brand’s Chairman Yat Siu, believes that Hong Kong is a “strong contender” for a possible IPO of crypto venture investor and blockchain game developer Animoca Brands. In a recent interview, Yat Siu added that Hong Kong can be the place for the possible listing since the company is headquartered in the city, where digital-asset related activity has grown exponentially as officials are looking to develop it as a crypto hub. He, however, added that IPO plans may take a “couple more years to truly form out” and the firm is currently focused on growing business. Animoca shares were trading…

Key Takeaways The SEC’s appeal does not contest XRP’s classification as a non-security but challenges other aspects of the ruling. The appellate court will conduct a de novo review of the SEC’s claims against Ripple’s XRP transactions. Share this article The SEC is appealing the July 2023 ruling that determined Ripple’s XRP sales on digital asset platforms, executives’ sales, and other distributions of XRP did not constitute investment contracts, according to a new filing shared by attorney James Filan. “Whether the district court erroneously granted partial summary judgment in favor of defendants with respect to Ripple’s offers and sales of…