VanEck Reports Bitcoin Outpaced Almost Every Asset Class Over the Last Year
Bitcoin has outperformed nearly all asset classes over the past year, though recent market dips have left some investors uneasy, according to a report from asset manager VanEck on September 19. As of September 2023, Bitcoin’s spot prices have surged by around 124%, with Bitcoin also gaining dominance among cryptocurrencies. According to VanEck, Bitcoin’s market […]
SEC approves options for BlackRock’s spot Bitcoin ETF
The U.S. Securities and Exchange Commission (SEC) has granted approval for Nasdaq to list and trade options tied to BlackRock’s spot Bitcoin ETF. On September 20, the SEC issued a notice allowing options trading for the iShares Bitcoin Trust under the symbol IBIT on Nasdaq. The exchange confirmed that options trading for the Bitcoin ETF […]
BlackRock Reveals It’s Quietly Preparing For A $35 Trillion Federal Reserve Dollar Crisis With Bitcoin – Anticipates Rapid Price Surge
The price of Bitcoin has surpassed the $62,000 mark, with market participants reacting to unexpected moves by the Federal Reserve, including a surprising 50 basis point rate cut. This development has ignited anticipation of a new liquidity cycle, positioning the Bitcoin and broader cryptocurrency markets on the brink of significant advancement. Amid escalating fears of […]
Reasons Behind Today’s Surge in Bitcoin Prices
Bitcoin is currently trading near its highest point in a month, buoyed by consecutive dovish signals from the central banks of the United States and Japan. On September 20, Bitcoin surged approximately 2.5%, reaching over $64,120. This increase coincided with the Bank of Japan keeping interest rates steady following last month’s rate hike. This decision […]
BingX’s Reported ‘Minor’ Loss from Suspected Hack Increases to $52M
Singapore-based cryptocurrency platform BingX has reported that losses from a suspected cyberattack on September 20 have escalated to over $52 million, doubling the initially estimated $26 million. Earlier disclosures by blockchain security firm PeckShield had identified a single Ethereum wallet associated with the breach, which had received $26.7 million in assets from BingX. However, subsequent […]
Revolut is set to launch its own stablecoin
The financial technology giant, Revolut, is reportedly in the advanced stages of developing its own crypto stablecoin. According to a report by Coindesk, the company is moving forward with creating its unique cryptocurrency offering. Insiders have suggested that the development process is already “quite far along.” A spokesperson for Revolut confirmed that expanding their cryptocurrency […]
Donald Trump Purchases Burgers with Bitcoin at New York City Bar
Republican presidential candidate Donald Trump made headlines by visiting a well-known New York City bar and restaurant that accepts Bitcoin, marking his first known use of the cryptocurrency. This event made Trump the first former U.S. president to conduct a Bitcoin transaction. On Sept. 18, Pubkey shared a post on X (formerly Twitter), revealing that […]
Federal Reserve Lowers Interest Rates by 50bps
In a highly anticipated move, the U.S. Federal Reserve has made a decisive change to its monetary policy by reducing interest rates by 50 basis points. This marks the first rate cut in four years, a pivotal moment for the economy that many had been waiting for. The Federal Reserve’s decision comes after a prolonged […]
Arthur Hayes Forecasts Imminent Market Drop Following Rate Reductions
As anticipation builds around the possibility of the first rate cut by the U.S. Federal Reserve in four years, BitMEX co-founder Arthur Hayes has offered his views on how such a decision could impact the cryptocurrency market. Speaking at Token2049 in Singapore on Sept. 18, Hayes delivered a keynote titled “Thoughts on Macroeconomics and Current […]
Kamala Harris presidency Could Drive US Crypto Firms Overseas: Nansen CEO
On Sept. 18, Alex Svanevik, CEO of the blockchain analytics company Nansen, shared his thoughts in an interview at Token2049 regarding the upcoming 2024 U.S. presidential election. Svanevik discussed the potential impacts of the election results on the future of cryptocurrency, both within the United States and internationally, depending on whether the next president is […]