If the crypto market were a country, it would be the eighth largest in GDP terms behind the United States, China, Germany, Japan, India, the United Kingdom and France. News COINTELEGRAPH IN YOUR SOCIAL FEED Crypto market capitalization has reached a new all-time high of $3.12 trillion — and is now close to surpassing France’s …
Continue reading “Crypto market cap hits $3.1T high, could soon surpass France’s GDP”
Huangzhou-based crypto mining chip maker Nano Labs saw its share price rise slightly after announcing it will start accepting Bitcoin as payment. News COINTELEGRAPH IN YOUR SOCIAL FEED Shares in China-based crypto mining chip designer Nano Labs rose slightly after announcing it is now accepting Bitcoin as payment for its goods and services through a …
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Digital assets manager CoinShares says that institutional investors dropped nearly two billion dollars into crypto products last week. In its latest Digital Asset Fund Flows report, CoinShares says that institutional crypto investment products saw a surge in inflows to the tune of $1.98 billion on net last week. CoinShares attributes the stream of inflows to “macroeconomic factors and …
Bitcoin is blasting through thousand-dollar barriers at a relentless rate, now crossing the $88,000 mark at time of publishing. Just one week ago, BTC was priced at $67,568. Altcoins are flying alongside Bitcoin, with Ethereum hitting $3,349, Solana (SOL) touching $220 and Dogecoin reaching $0.32, with 24 hour gains of 6.7%, 7% and 23%, respectively. …
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The combined daily trading volume of shares in MicroStrategy, Coinbase and Bitcoin ETFs hit $38 billion as Bitcoin breached $89,000. News COINTELEGRAPH IN YOUR SOCIAL FEED Bitcoin’s 11% rally to $89,500 on Nov. 11 has pushed United States spot Bitcoin exchange-traded funds (ETFs), MicroStrategy Inc (MSTR) and Coinbase Global Inc (COIN) to a record $38 …
Continue reading “‘Volmageddon’ — Bitcoin ETFs, Coinbase, MicroStrategy trading vol hits $38B”
The exchange’s creditors haven’t been made whole despite a judge approving a plan, and sentencing for former executives is nearing an end. News COINTELEGRAPH IN YOUR SOCIAL FEED On Nov. 11, 2022, then-FTX CEO Sam Bankman-Fried resigned, handing the company’s reins over to John Ray, who immediately filed for Chapter 11 bankruptcy protection in the …
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Russian President Vladimir Putin has proposed establishing a digital asset platform within the BRICS bloc, according to local media reports. The initiative aims to boost investment flows into emerging economies in South Asia, Africa, and Latin America and could provide new channels for capital in high-growth regions. Speaking at the Valdai Discussion Club, Putin proposed …
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Bitcoin (BTC) broke multiple new price levels throughout the day on Nov. 11, reaching a new all-time high of $87,450 as it continues its blistering post-election rally into price discovery. As of press time, the flagship crypto was trading at $87,169, up almost 10% for the day and roughly 25% since Donald Trump was declared …
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Most venture capital and hedge funds expect Solana (SOL) to reach at least $600 in this bull cycle, according to the “Q4 2024 Crypto Investment Manager Survey” by MV Global. Almost a third of the survey respondents believe SOL will breach the $600 ceiling, while 23.2% see this price area as the asset’s all-time high. …
Bhutan’s Bitcoin reserves have quietly swelled to over $1 billion, positioning the small Himalayan kingdom as a unique player in the world of sovereign wealth. According to Arkham Intelligence data, Bhutan’s government-owned Druk Holdings has reportedly amassed over 12,500 BTC, marking a significant commitment to digital assets amid growing interest in crypto as a strategic …
Bitcoin reached a near-historic high on Bitstamp tonight, peaking at $89,643, as the leading cryptocurrency continues a remarkable rally that has reignited global market interest. Bitcoin Smashes $89,600 Mark The price of bitcoin (BTC) has surged over 12% against the U.S. dollar in the past 24 hours, reaching a unit price of $88,688 by 6:40 …
Continue reading “Bitcoin Nears $90K as Frenzied Buying Pushes Market to New Heights”
A new study shows a slump in the non-fungible token market, with low trading activity and steep price drops hinting at potential market oversaturation. Demand and Supply Mismatch A study finds that 98% of non-fungible token (NFT) drops in 2024 have seen no trading activity since September, with 64% having fewer than 10 mints. This …
Binance has added two new Solana meme tokens—The AI Prophecy (ACT) and Peanut the Squirrel (PNUT) to its growing list of meme coins. Shiny New Meme Coins for Traders on Binance The bull market is here and exchange listings are coming in thick and fast. Binance latest foray into the meme coin ecosystem saw it …
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A market rally for crypto and stocks shows potential benefits for significant economic gains under Trump’s presidency. Pro-Crypto Policies to Deliver Huge Benefits to US Economy Markets have continued to react to Trump’s re-election with bitcoin hitting an all-time high on Tuesday. In addition, a Quartz study revealed that following Trump’s victory, shares of JPMorgan …
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Zimbabwe has said it plans to let its rapidly depreciating gold-backed currency, Zig, float freely on the foreign exchange market. A central bank official said this would help the currency achieve price discovery without administrative interference. However, the official did not give a timeline for when the central bank intends to implement this policy. Since …
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