Category: Latest news

[ad_1] Major Bitcoin forks, including Bitcoin Cash (BCH), Bitcoin SV (BSV), and eCash (XEC, formerly Bitcoin Cash ABC), have experienced significant price depreciation against Bitcoin (BTC) since its all-time high in November 2021. BCH declined by 48%, BSV by 42%, and XEC suffered a substantial 71% loss against BTC during this timeframe. Bitcoin Forks (Source:…

[ad_1] Quick Take The Bitcoin landscape has witnessed a significant uptick of Bitcoin whales—entities holding 1,000 BTC or more. Their numbers have surged in recent weeks, coinciding with Bitcoin’s rise from $38,000 to $51,000. Currently, there are 1,602 Bitcoin whales, a considerable uptick from 1,482 in January. This surge not only eclipses the March and…

[ad_1] Japan’s Financial Services Agency (FSA) has proposed new measures to bolster user protection against illicit transactions to crypto exchange platforms, according to a Feb. 14 recommendation to Japanese banks. The directive emphasized the need for banks to proactively protect their users from the risks attached to “unlawful money transfers” via “crypto-assets.” Therefore, the regulator,…

[ad_1] Solana’s SOL has surged past Binance-backed BNB in the last 24 hours, securing its position as the fourth-largest digital asset by market capitalization. Data from CryptoSlate showed that SOL’s market cap is wavering around $50 billion, marking its first foray past this threshold since December. In contrast, BNB’s market cap peaked at $49.2 billion…

[ad_1] Quick Take The Bitcoin ETF market exhibited a continued surge in net inflows on Feb. 13; the trading day saw a total positive net flow of $631 million across all providers, with a total net inflow of 12,736 BTC, according to BitMEX Research. BTC ETF Data: (Source: BitMEX Research) BitMEX data shows that BlackRock…

[ad_1] Quick Take Bitcoin’s recent performance has defied traditional financial metrics, with the digital asset reaching new heights against the US 20+ year Treasury Bond ETF (TLT), the S&P Regional Banking ETF (KRE), and the Japanese Yen. In a direct comparison with TLT, a globally recognized benchmark for relatively safe assets, Bitcoin had surged, underlining…

[ad_1] On Jan. 26, Glassnode’s Sharpe Signal hit its lowest level since March 2020. It dropped to 0.2531 from a high of 0.7042 on Jan. 10. However, by Feb. 11, as Bitcoin’s price crossed $48,000, the Sharpe Signal increased to 0.7371.  Graph showing Bitcoin’s Sharpe Signal from Jan. 1 to Feb. 12, 2024 (Source: Glassnode) This…

[ad_1] Cathie Wood, CIO and CEO of Ark Invest, told the Wall Street Journal on Feb. 13 that she expects regulators to approve ETFs for very few cryptocurrencies. During the Wall Street Journal’s “Take On the Week” podcast, Wood said: “We’d be surprised to see anything but bitcoin and ether being approved by the [U.S.…

[ad_1] Bitcoin (BTC) saw its price recover above $49,700 on the evening of Feb. 13 — closing in on its earlier daily high. As of 9:50 pm UTC, Bitcoin was priced at $49,726. Though Bitcoin is down 0.4% over 24 hours, that price represents 0.7% growth over 1 hour and 2.8% growth from its daily…

[ad_1] Executives at three asset management firms agreed during a Feb. 13 panel discussion that pending spot Ethereum ETFs have a 50% chance of approval this May. Matt Hougan, Global Head of Research for Bitwise Asset Management, said “I think it’s probable we will get an ETH ETF reasonably soon. I think there’s a 50/50…