Bitcoin Price Faces 2021 High Challenge as S&P 500 Competition Heats Up
Bitcoin is set to “regain the spotlight” as its price growth catches up to U.S. equities, according to new analysis. In an Oct. 19 blog post, Caleb Franzen, creator of Cubic Analytics, highlighted the potential for a major Bitcoin breakout. “Highly effective” BTC price tool demands gains Bitcoin needs to bounce back to match the […]
Top 5 Bitcoin Insights to Watch This Week
1) Bitcoin climbs back, testing $69,000 Bitcoin made a strong comeback, closing the week at over $69,000, the highest since early June, according to TradingView. Traders now consider short-term outcomes like a pullback before more upward movement. CrypNuevo, a trader on X, pointed out a significant liquidation level at $69.3K, which could attract a price […]
Bitcoin hashrate hits all-time high, Enhancing Network Security
The Bitcoin network has achieved a new record for its hashrate, underscoring the increasing strength and security of the world’s pioneering blockchain system. On October 21, the total computing power securing the Bitcoin blockchain — known as the network hashrate — surged to an unprecedented 769.8 exahashes per second (EH/s). Data from BitInfoCharts indicates that […]
Bitcoin Whale Accumulation Reflects 2020 Pattern, Preceding a 550% BTC Surge
With Bitcoin’s price making strides toward the $70,000 mark, large whale wallets are once again accumulating BTC at a pace reminiscent of the period between July 2020 and January 2021, when Bitcoin experienced a 550% rally. As highlighted by Woominkyu, a verified analyst on CryptoQuant, this pattern has sparked excitement among investors anticipating another significant […]
Elon Musk discusses DOGE cabinet position, economics at Trump rally
Elon Musk advocated for significant changes in U.S. governance during a speech on Oct. 17 at an event supporting Donald Trump’s presidential campaign. Held in a high school auditorium near Philadelphia, Pennsylvania, the town hall marked Musk’s first major public speaking event since aligning with Trump’s campaign. He highlighted Trump as the best economic choice […]
SEC Greenlights Bitcoin Options ETFs on NYSE and CBOE
On October 18, the U.S. Securities and Exchange Commission (SEC) gave the green light for the New York Stock Exchange (NYSE) and Chicago Board Options Exchange (CBOE) to list long-awaited options for spot Bitcoin exchange-traded funds (ETFs). This approval paves the way for 11 ETF providers on the NYSE to offer options trading, including well-known […]
UAE Central Bank Approves Stablecoin Issuer
The Central Bank of the United Arab Emirates (CBUAE) has given in-principle approval to AED Stablecoin under its Payment Token Service Regulation framework, as announced in the company’s press release. With this preliminary license, AED Stablecoin is positioning itself as a leading candidate to issue the first regulated stablecoin in the UAE, pegged to the […]
FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Approval Announcement
A 25-year-old man from Athens, Alabama, has been arrested by the FBI for hacking into the Securities and Exchange Commission’s (SEC) official X account earlier this year in January. According to an Oct. 17 announcement, the individual, identified as Eric Council Jr., was charged with conspiracy to commit aggravated identity theft and access device fraud. […]
Italy Set to Increase Bitcoin Capital Gains Tax from 26% to 42%
Italy is planning to raise its capital gains tax on Bitcoin (BTC) from 26% to 42%. This increase could prompt some crypto investors to leave the country or seek alternative strategies to mitigate the impact. The announcement came as part of Italy’s draft budgetary plan (DBP), which was unveiled on Wednesday. This plan outlines new […]
94% of Asian Private Wealth Engaged or Eyeing Crypto Investments
A recent study from Aspen Digital reveals that 76% of private wealth in Asia has already ventured into digital assets, with an additional 18% planning to invest in the future. Interest in cryptocurrencies and other digital assets has surged in Asia’s private wealth sector since the Hong Kong-based firm last conducted a similar survey in […]