Changpeng Zhao Predicts China’s Inevitable Move to Establish a Bitcoin Reserve
Former Binance CEO Changpeng “CZ” Zhao suggested that China might eventually establish a strategic Bitcoin reserve, potentially following the lead of the incoming United States presidential administration. Speaking at the Bitcoin MENA conference in Abu Dhabi on Dec. 9, Zhao predicted that smaller countries would likely adopt Bitcoin reserves first, but emphasized that China’s approach […]
Bitcoin Surge Predicted to Persist Through 2025 — Analyst
Bitcoin has achieved a significant milestone, surpassing the $100,000 mark for the first time on Dec. 6, marking a historic moment in the cryptocurrency’s journey. This remarkable rise comes despite lackluster performance across traditional markets. Over the past month, Bitcoin’s value climbed by 32%, contrasting sharply with declines in other key assets such as oil, […]
Binance Dominates Bitcoin Deposits Among Crypto Exchanges in 2024
Cryptocurrency exchanges have experienced a significant surge in average deposits in 2024, largely driven by increased participation from institutional and corporate investors. A report from CryptoQuant on Dec. 3 reveals that Binance has led the way in Bitcoin deposits, with its average daily deposit rising by 2.77 BTC over the course of the year. This […]
Bitcoin Completes Month Unlike Any Other
Bitcoin has achieved a remarkable milestone, delivering its largest-ever monthly price increase and smashing records along the way. Data from TradingView reveals that November saw an unprecedented monthly price gain of $26,400, marking the single largest candle in Bitcoin’s history. The monthly close came in at approximately $96,400, establishing a new all-time high for BTC/USD. […]
Five Tokens Plummet 40% Following Binance Delisting
Leading cryptocurrency exchange Binance has announced plans to remove five digital assets from its trading platform by mid-December, citing non-compliance with its internal standards. In a statement released on Nov. 26, Binance revealed that trading pairs for Gifto (GFT), IRISnet (IRIS), SelfKey (KEY), OAX (OAX), and Ren (REN) would no longer be available starting Dec. […]
Ex-Binance Executives Introduce Euro Stablecoin Aligned with MiCA Regulations
As Europe moves toward the final enforcement deadline for the Markets in Crypto-Assets Regulation (MiCA) by the end of this year, a new euro-backed stablecoin is preparing to make its debut in the market. Schuman Financial, a newly founded cryptocurrency company established by former Binance executives, including Martin Bruncko and Eduardo Morrison, has officially launched […]
Is $100K Really That Important? 5 Key Bitcoin Insights for This Week
Bitcoin Shorts Suffer in Sub-$96,000 BTC Dip After a brief dip below $96,000, Bitcoin recovered and was back above $98,000 at the time of writing. Traders are now eyeing the $100,000 mark, with sell-side liquidity increasing. The recent dip led to $500 million in cross-crypto liquidations, with BTC briefly touching $95,800. Some traders predict a […]
Bitcoin ETFs Attract $2.4B in Inflows as Chinese ETFs Record Historic Outflows
Spot Bitcoin exchange-traded funds (ETFs) had their fourth-best week in terms of investment inflows, while China-focused ETFs faced record outflows, signaling continued optimism for Bitcoin’s global adoption. U.S.-based Bitcoin ETFs saw inflows totaling $2.42 billion during the week of November 18–22, making it their fourth-largest week of investments since their January debut, according to data […]
Van Eck Reaffirms $180K Bitcoin Price Prediction for This Market Cycle
Global investment firm VanEck has once again set its sights on Bitcoin reaching $180,000 at the height of this market cycle. In a recent report published on Nov. 21, VanEck digital asset strategists Nathan Frankovitz and Matthew Sigel shared their view that the crypto bull market is still in its early stages. The analysts cited […]
UK Plans to Implement Robust Crypto Regulation Framework by Early 2025
The United Kingdom is preparing a regulatory framework for crypto assets, expected to be unveiled early next year. This commitment was reaffirmed at the City & Financial Global’s Tokenisation Summit in London on Nov. 21 by a senior Treasury official. Initial plans for regulation were anticipated last summer but were disrupted following a general election […]