Eli Remolona, governor of the Bangko Sentral ng Pilipinas (BSP), has announced that the BSP plans to launch a central bank digital currency (CBDC) for wholesale use in the coming years. In 2020, the central bank of the Philippines began investigating CBDCs. November saw the Bank for International Settlements (BIS),
The cryptocurrency market has experienced significant fluctuations over the past few years, with prices surging and crashing at different times. Whales, which refer to large entities that hold a considerable amount of a particular coin, can influence the market with their actions. Recently, a prominent Solana whale who accurately predicted
According to Bloomberg Intelligence’s analysis, financial asset management company Grayscale Investments’ spot Bitcoin ETF product is experiencing a resurgence of bearish outlook. Evidence suggests that Grayscale’s GBTC outflows have resumed, reaching a new high of $101.6 million. The spot Bitcoin ETF had two consecutive days of outflows below $100 million,
London, United Kingdom, February 9th, 2024, Chainwire Bitcoin Dogs is set to be part of cryptocurrency history with the first ever ICO on the Bitcoin blockchain, launching on February 14th, 2024. The presale for its native token, $0DOG, will last only 30 days, with an end date of the 15th
Bitcoin enthusiasts were treated to an electrifying start to the weekend as the leading cryptocurrency surged above the $46,000 mark, breaking a month-long lull. The excitement peaked when Bitcoin reached an impressive high of $46,318. However, the elation was short-lived as the price experienced a swift correction, dropping to $45,885
Bitcoin’s next halving event occurs this April, potentially spurring a crypto bull run that sends Shiba Inu soaring. Halvings reduce BTC rewards to miners, constraining supply growth. This scarcity effect often precedes major Bitcoin price increases. Any BTC breakout to new highs could positively impact other cryptocurrencies, like SHIB. Analysts
MicroStrategy, the leading business intelligence company, continues to captivate the crypto community with its bold Bitcoin investments, as evidenced by its recent quarterly report released for Q4 2023. Emphasizing the above statement, it disclosed a remarkable increase in its Bitcoin holdings alongside a decrease in revenue. The firm’s Bitcoin reserves
Crypto asset management company CoinShares stated that institutional crypto products had net inflows for the first time in three weeks in their most recent report. Following a precipitous drop of $500 million the week before, investors flooded the crypto market with $708 million last week. The most recent data shows
Prominent crypto analyst who accurately predicted Bitcoin’s peak price of $69,000 in 2021 is now making bold predictions for 2024. He believes that Retik Finance (RETIK) and Solana (SOL) will see massive success this year. The analyst, known for his technical prowess, made waves in 2021 when he used chart
Cryptocurrencies have evolved from being a niche interest to a global financial phenomenon. While many early investors have already realised substantial gains, the crypto market continues to offer opportunities for those looking to build substantial wealth. February 2024 presents an exciting landscape for crypto enthusiasts and investors alike. In this
