Fri, October 16

El Salvador’s Volcano Bonds Secures Approval, Set for Q1 2024 Debut

The long-awaited Bitcoin bonds from El Salvador, dubbed “Volcano Bonds,” are reportedly set to emerge in early 2024, according to reports. A statement from The National Bitcoin Office (ONBTC) dated December 11th said that the Volcano Bond is expected to debut in the first quarter of 2024, after recently being

December 12, 2023 2 mins read

Goldman Sachs Revises Fed’s First Interest Rate Decrease Prediction

Reuters reported on Monday that investment firm Goldman Sachs revised its prediction for the first interest-rate decrease by the Federal Reserve from Q4 to the Q3 of next year. This change occurs at a time when the cryptocurrency market as a whole, and bitcoin in particular, have been experiencing a

December 11, 2023 1 min read

South Korea Reveals Stringent Rules for Virtual Assets Market

The South Korean Financial Services Commission (FSC) has outlined rules for the passage of the Virtual Asset User Protection Act. These rules, which are expected to take effect on July 19, 2024, are an attempt to create a trustworthy virtual asset market and a safe environment for consumers. Notable exceptions

December 11, 2023 2 mins read

Bitcoin Price Plunges Over 5%, Find Out Why

A turbulent start to the week as major cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), faced a bearish trend in intraday trading. BTC saw a significant dip of over 5% in the 24 hours, reaching a low of $41,649 before recovering to $42,510, as per CoinMarketCap data. Data from CoinGlass revealed

December 11, 2023 1 min read

UK NAO Criticizes FCA Over Delayed Action on Crypto Sector

The United Kingdom’s National Audit Office (NAO) has voiced doubts over the FCA’s ability to effectively oversee the cryptocurrency market. According to the NAO’s latest report, “Financial services regulation: adapting to change,” the FCA is allegedly dragging its feet when it comes to responding to and prosecuting illegal activity inside

December 11, 2023 2 mins read

Google Tightens Grip on Crypto Ads With New Policy Update

As part of its ongoing effort to improve its advertising standards, Google has now announced changes to its crypto advertisements policy that target Cryptocurrency Coin Trusts in particular. Financial instruments known as Cryptocurrency Coin Trusts provide the easy trading of shares in trusts holding large amounts of cryptocurrencies. However, instead

December 10, 2023 1 min read

MicroStrategy’s Bitcoin Strategy Propelled Stock Surge Since 2020

MicroStrategy’s approach to Bitcoin has been successful so far. After implementing this method , MicroStrategy’s (MSTR) stock price skyrocketed. Michael Saylor, Chairman and Founder of the organization, published a chart snapshot that showed how MSTR has performed since August 10, 2020, when MicroStrategy started investing in Bitcoin. Stocks in MSTR

December 10, 2023 1 min read

Bitcoin Price Consolidates as Bullish Momentum Slows Down

Total crypto market cap has increased by over 110% YTD, adding over $870B, with a significant 55% gain in Q4 alone, according to a new analysis by Binance Research. This upturn may indicate a change in market patterns, after a long period of inactivity following the cryptocurrency market’s 2021 peak.

December 10, 2023 2 mins read

VanEck Files Updated Bitcoin ETF Application with the U.S SEC

An updated spot Bitcoin ETF application was filed to the United States SEC on Friday by VanEck, a mutual fund and ETF management firm. The “HODL” ticker symbol will designate the VanEck spot Bitcoin ETF on the exchange. According to an S-1 filing with the United States SEC on December 8,

December 8, 2023 2 mins read

Ethereum and Solana Lead Crypto Rally as Bitcoin Faces Correction

On Thursday, the Bitcoin (BTC) rally hit a snag, making way for other major cryptocurrencies like Ethereum (ETH) and Solana (SOL) to surge to a new 19-month high, spearheading the ongoing crypto market rally. In the past 24 hours, Ethereum (ETH) has witnessed a 6% increase, currently trading at $2,356,

December 8, 2023 1 min read