The Federal Reserve Bank of Minneapolis has recently proposed that governments should ban or tax Bitcoin. This recommendation aims to help maintain permanent budget deficits. In a working paper published on October 17, the Minneapolis Fed highlighted that Bitcoin complicates fiscal policy. Specifically, the Fed argues that Bitcoin creates a
The Asian end of the crypto community has woken up to good news as Bitcoin bulls sprung to new actions. Meanwhile, a recently launched meme token, Apecoin, has stirred market attention with its significant price breakouts. Several traders made notable profits by swapping the token over the weekend. Specifically, Bitcoin
This week marked a significant development in the cryptocurrency market, as Bitcoin (BTC) rallied by 10.48%, reaching a weekly high of $69,000. With BTC now within striking distance of the crucial $70,000 psychological level, market participants are optimistic about its near-term trajectory, particularly as no major macroeconomic data is expected
Bitcoin (BTC) has experienced a remarkable rally over the past week, surging 9% and reaching a three-month high of $69,000. Currently trading at $68,330.37, the cryptocurrency is seeing a modest increase of 0.36%, despite a 13% decline in trading volume. This fluctuation has sparked fresh speculation among market participants regarding
The Bitcoin (BTC) price is hovering above $67.5K. If BTC could potentially breakout on the upside, the asset can breach the all-time high (ATH) at $73,750. A failure would pull back the bullish outlook, and Bitcoin might stay below its previous peak. BTC’s surge to $68K has made bullish predictions,
In 2024, the global crypto market has seen significant developments, including the launch of Bitcoin ETFs and growing adoption by both institutions and governments. As we enter Q4, the momentum continues with new projects and innovations. The leading crypto exchange Kraken has joined the action by introducing its own wrapped
The fintech company Robinhood, democratized finance with commission-free trades has launched its desktop platform. The firm further introduced futures and index options trading on its mobile app, on Wednesday at HOOD Summit 2024. The firm aims to compete with the traditional brokerages. Robinhood CEO Vlad Tenev reveals that the first
As another day dawns, several firms released cryptocurrency data for Q2 and other reports. According to Aspen Digital’s research, 94% of Asian private wealth owners are interested in digital asset investments. Relatedly, in Thailand, Siam Commercial Bank became the first to offer stablecoin-based cross-border payment services. Meanwhile, reverting to the
The US-based Bitcoin and Gold Exchange-Traded Fund (ETF) is the latest offering by Quantity Funds, giving investors access to two distinct asset classes via one investment vehicle. Market gurus, such as Peter Schiff, are debating which of these assets is more valuable to investors, and this new information emerges at
Hermetica, the company behind USDh, the first yield-bearing synthetic dollar backed by Bitcoin, is excited to announce that its $1.7 million seed funding round has closed successfully. Key Backers In addition to strategic angels like Tycho Onnasch (founder and CEO of Zest Protocol), Robin Obermaier (founder and CEO of Liquidium), Mithil Thakore
