Bitcoin’s 200-day moving average (MA) is closing in on challenging its previous high of $49,452 set in February 2022. According to historical data, when this average exceeds its previous peak, it often signals the beginning of the most vigorous phase of the bull cycle. Bitcoin entered a bullish phase above the 200-day simple moving average…
With a market capitalization of $88.3 billion, New York-based Coinbase Global, Inc. (COIN) is the largest cryptocurrency exchange in the United States. It provides a platform for trading digital assets and offers services for consumers, institutions and developers in the global crypto economy. Coinbase Global shares have outperformed the broader market over the past 52…
Europe’s crypto scene is heating up. | Credit: Getty Images. Key takeaways AMINA Bank has obtained MiCA approval to offer crypto services to its professional clients. MiCA-compatible crypto exchanges are expected to record over $2.3 trillion in trading volumes this year. European crypto companies have until July 2026 to obtain MiCA licenses. A multinational digital…
Gold’s (GC=F) rise to all-time highs this year has sparked a growing appetite for tokenized bullion as investors look for ways to participate in “debasement trading,” but on blockchain. The precious metal issued in token form uses the same technology that underpins cryptocurrencies, with guarantees from the issuer that the tokens are backed by securely…
In the second quarter of 2023, cryptocurrency startups saw a notable increase in venture capital (VC) funding, even though the number of closed deals saw a decline. This trend highlights a complex and evolving landscape in the digital asset sector, where financing remains accessible but investors are becoming more demanding. During the three-month period ending…
Larry Fink, CEO of BlackRock, one of the world’s largest asset management companies, recently made waves by calling Bitcoin a serious alternative to gold. During a recent earnings call, he answered questions about how a new, more crypto-friendly president could reshape trading opportunities. “We see Bitcoin as its own asset class. It sits alongside other…
Nano Labs has announced a significant increase in its Bitcoin (BTC) holdings, underscoring the company’s increasing focus on digital assets as part of its strategic financial management. The acquisition was carried out through HashKey Exchange, a licensed virtual asset trading platform based in Hong Kong. As of December 12, Nano Labs has accumulated approximately 360…
(Reuters) -US Bancorp said on Wednesday it had formed a new unit focused on digital assets and money movement to accelerate development and increase revenue from emerging digital products and services. Jamie Walker, a US Bancorp veteran with more than 20 years of experience, will lead the new unit. WHY IT IS IMPORTANT The goal…
Bitcoin faced a sharp decline on a turbulent trading day that coincided with the inauguration of Donald Trump as the 47th president of the United States. Late on Monday in New York, Bitcoin was trading around $103,700, down from its previous all-time high of $109,241. Traders are expecting pro-cryptocurrency policies under Trump, buoyed by expectations…
Robert Kiyosaki, of Rich Dad Poor Dad fame, has long warned investors about an impending financial restructuring. The recent collapse of the cryptocurrency market seems to validate his forecast. On October 10, US President Donald Trump announced a 100% tariff on imports from China. This policy change caused a sudden drop in digital assets, with…
