Japan’s Monetary Providers Company plans to assessment 2020 guidelines that forestall banks from holding cryptocurrencies like Bitcoin. The reforms would introduce capital and risk-management requirements and doubtlessly enable banks to run licensed crypto exchanges. With crypto adoption and account numbers surging, Japan is shifting towards absolutely integrating digital belongings intoContinue Reading
US spot Bitcoin ETFs skilled mixed outflows of US$1.22 billion between Monday and Friday, with solely Tuesday recording internet inflows of US$102.7 million. Main funds ARKB, IBIT and FBTC led the outflows with losses of US$289.5 million, US$278.6 million and US$160 million respectively. JPMorgan analysts counsel crypto-native buyers quite thanContinue Reading
A invoice launched into Florida’s Home proposes permitting the state’s chief monetary officer to take a position as much as 10% of sure specified state funds into digital property akin to Bitcoin. It might additionally see the Florida State Board of Administration empowered to take a position as much asContinue Reading
A sudden market crash, triggered partly by a presidential tweet, triggered a historic liquidation occasion that disproportionately impacted altcoins. The reason for the collapse was not simply the tweet itself, however somewhat an unstable market basis constructed upon extreme borrowing and leveraged buying and selling. With market leverage now considerablyContinue Reading
BlackRock is planning a new income-focused Bitcoin ETF, the Bitcoin Premium Income ETF, and has begun the registration process with a Delaware trust filing. The ETF’s strategy is to generate returns by selling covered call options on Bitcoin futures, appealing to investors seeking yield over full exposure to Bitcoin’s priceContinue Reading
Bitcoin fell 6% to US$109,277 as other major cryptocurrencies suffered even steeper losses. Market data reveals distribution currently leads over accumulation, with long-side liquidations rising and futures open interest falling from US$44.8 billion to US$42.7 billion. Long-term holders have realised profits on US$3.4 million BTC just as ETF inflows cooledContinue Reading
Michael Saylor believes Bitcoin could see a price surge before year-end, citing demand outstripping new supply. He argues that corporate treasuries and ETFs are consistently acquiring more BTC than miners are releasing, tightening the market. Saylor views Bitcoin as the “ideal form of digital capital” to back digital credit instruments,Continue Reading
Bitcoin fell below US$112k briefly on Tuesday morning but recovered to US$112,857, still down 2.5% for the week alongside other major cryptocurrencies. The market decline triggered US$1.5 billion in liquidations affecting 407k traders, with Ethereum leading the liquidation event at US$342 million in forced closures. The Crypto Fear and GreedContinue Reading
A report published by Deutsche Bank Research Institute suggests Bitcoin is following a similar path to that taken by gold over the past 100 years, resulting in increased adoption and reduced volatility. The report’s authors believe Bitcoin’s increasing adoption and falling volatility will continue and the OG crypto will eventuallyContinue Reading
NBA star Kevin Durant has recovered a long-lost Bitcoin stash purchased on Coinbase nearly a decade ago, with Coinbase CEO Brian Armstrong confirming the successful account recovery. Durant and his manager, Rich Kleiman, had lost access to the account due to forgotten login credentials and two-factor authentication codes, leaving theContinue Reading
