The fourth Bitcoin halving took place on Saturday and as predicted, turned out to be a price non-event.
The process of Bitcoin halving and its implications.
A Bitcoin halving takes places around every four years, lowering the reward miners receive for validating transactions by half. This mechanism ensures scarcity and helps control inflation in the Bitcoin network.
This time around, the rewards earned by miners were halved to 3.125 Bitcoins from 6.25.
With Read More
After surpassing $59,000 early on Wednesday, Bitcoin has now rallied to a 2024 high of $64,000!
The world's largest crypto by market cap is edging ever closer to the all-time high of $69,000 in November 2021.
Institutional Drivers of Bitcoin Surge: Spot ETFs and BlackRock Inflows
As such, should this current momentum continue, we firmly believe Bitcoin could exceed the previous record high within weeks. As I was quoted by Investing.com, Financial Mirror, Pound Sterling Read More
The US financial regulator, the Securities and Exchange Commission (SEC) has finally given the green light to spot Bitcoin Exchange-Traded Funds (ETFs). This signals a landmark moment for Bitcoin and the wider crypto market.
The SEC’s move, we believe, could send the price of the world’s largest crypto up to $60,000 in Q1.
SEC approved a total of 11 spot Bitcoin Exchange-Traded Funds. Included were those of Grayscale, Bitwise, and Hashdex, which were Read More
Bitcoin's Surging Fortunes Amid Industry Turbulence
Bitcoin exceeding the $40,000 mark is because, not despite, the recent scandals are removing the bad actors from the market.
On Monday, the world’s largest crypto hit a high of $41,700, a level not seen since April 2022. On Tuesday, Bitcoin reached $44,011, according to Cointelegraph Markets Pro and TradingView data. This takes BTC’s week-to-date gains to 10%.
In November, Binance founder Changpeng Zhao, better Read More
The lawsuit against football icon Cristiano Ronaldo for promoting the Binance crypto exchange highlights the lack of a comprehensive regulatory framework for the burgeoning crypto market.
A group of five crypto investors are suing Ronaldo in a US District Court in Florida. They claim he “promoted, assisted in, and/or actively participated in the offer and sale of unregistered securities in coordination with Binance.”
Naturally, my sympathies go to those investors who have Read More
Changpeng Zhao, or CZ, as he's known, will cause short-term volatility within the crypto market with his departure from Binance. Still, it will continue to flourish as institutional money flows in.
On Tuesday, CZ pleaded guilty to money laundering violations. He agreed to paying a $50 million fine and stepping down from his position as the company’s CEO.
According to federal authorities, Binance has also pleaded guilty. It agreed to pay as much as $4.3 billion in fines Read More
deVere has recently carried out a new survey, revealing over three-quarters of under-40s would rather have Bitcoin than gold in their investment mix.
Indeed, 77% of clients under 40 would choose to have the world’s largest cryptocurrency over gold in their portfolios to build their long-term wealth opportunities, highlighting a major shift in the investment landscape.
The younger generations now believe that Bitcoin is a more dynamic and possibly Read More
FTX Founder's Trial: A Year After Collapse
The trial of the collapsed FTX crypto exchange founder, Sam Bankman-Fried, is now underway in Manhattan. Almost a year after its collapse following an alleged fraud totalling $8 billion.
The 31-year-old, known as SBF, will face a jury on accusations he embezzled from FTX clients to support his hedge fund Alameda Research. This alongside purchasing luxury properties and donating over $100 million to political candidates in the Read More
As heatwaves continue across the northern hemisphere and extreme temperatures are breaking records across the globe, I believe Bitcoin can help to mitigate the climate change crisis.
The world’s largest cryptocurrency is emerging as a possible solution to the global climate change emergency. Indeed, Bitcoin can fuel positive change and help the fight against climate change.
As I said to Bitcoin Insider, Korea IT Times, and Technuter, amongst other media outlets, Read More
The passing of the Markets in Crypto Act, or MiCA, by the EU Parliament last week is a landmark moment for crypto and could help push up prices for Bitcoin.
According to MEP Stefan Berger, Europe is now the “first continent with comprehensive regulation for crypto assets.”
As I was quoted by Financial Mirror, Pound Sterling Live, Fintech Magazine, African Eye Report and Bitcoin Insider, amongst other media, the so-called MiCA legislation Read More
Bitcoin surged in price following the recent collapse of Silicon Valley Bank and Signature Bank, with the banking crisis acting as a springboard event for the world’s largest cryptocurrency, as global investors seek safe haven, alternative currencies.
Indeed, Bitcoin rose as much as 20% as the second and third biggest bank failures in US history spooked investors around the world. The collapse of Silicon Valley Bank (SVB) triggered fears across Wall Street of Read More
With works on a potential digital dollar gaining pace in the US, the case for Bitcoin becomes significantly stronger.
The US Treasury Department’s undersecretary for domestic finance, Nellie Liang, stated that the federal government would begin talks in the “coming months” in regard to a Central Bank Digital Currency (CBDC).
During a speech made last week for the Atlantic Council, Ms Liang said officials in the USD are “actively evaluating whether a Read More