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Bitcoin (BTC)

Cardano Founder Compares ADA With Bitcoin, Users Accumulate Shiba Inu and Meme Moguls

Charles Hoskinson, the founder of Cardano has argued that it is more decentralized than Bitcoin. Meanwhile, whales have been dabbling in the meme coin market for quite a while now. As a result, there has been high whale activity for Shiba Inu, BONK, and even a new meme coin. >> Visit Meme Mogul Presale << Will Shiba Inu (SHIB) Break the December Curse? For the previous three years, Shiba Inu (SHIB) has been unable to conclude December on a positive note. The...

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Another Bitcoin ETF Sent for Approval: Altcoin Season Has Officially Begun, Everlodge, Conflux, Fantom: Cryptos to Watch

Pando Asset AG recently submitted an application to the SEC for a Bitcoin ETF. This move places Pando among many contenders as it is now the 13th company to seek approval. This interest shows the growing appetite for cryptocurrencies, signaling the official start of the altcoin season. As the market awaits the SEC’s decision, investors are also eyeing altcoins like Conflux (CFX) and Fantom (FTM). But, Everlodge (ELDG) is another interesting token that comes with an entirely...

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Hashdex Forecasts US Access to Spot Bitcoin ETF by Q2 2024

The crypto industry is at an unprecedented inflection point, which could serve as a “generational investment opportunity” that will be fleeting as more institutions enter the space and network effects lead to exponential growth, according to new research. Digital asset manager Hashdex, which is currently eyeing a spot Bitcoin ETF approval, believes prospects for such funds in the US are as high as ever, and as regulated investment vehicles become more common, the role of...

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Ethereum (ETH) ETF Buzz Attracts Traditional Finance Interest: Report

“Tradfi” may be beginning to rotate into the ETH ETF trade after two months. As per a new report by Reflexivity Research, the annualized basis on CME has consistently increased, reaching over 18%. Bitcoin’s open interest in CME has also experienced continuous growth, surpassing $4.5 billion since the trend began two months ago. Notably, an interesting pattern has emerged when comparing CME activities between Bitcoin and Ethereum. Velo Data’s analysis reveals that the futures’...

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5 Things to Watch Out for Before, During, and After Bitcoin’s Upcoming Halving

The Bitcoin halving is arguably the most important event in the cryptocurrency industry, taking place every roughly four years (210,000 blocks). It aims to reduce the speed at which new BTC is being produced, which essentially reduces the pre-programmed inflation rates and ensures that Bitcoin mining will continue for many more years, even though more than 90% of the total supply has already been mined. The next such event is scheduled to take place in early April 2024. Given...

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Swiss City Lugano Now Accepts Bitcoin and Tether for Municipal Taxes

On December 5, 2023, Lugano, a Swiss City, announced the incorporation of the cryptocurrencies Bitcoin (BTC) and Tether (USDT) for tax and other municipal fee payments. This makes part of Lugano’s collaborative plans with Tether, Plan B, fashioned to revitalize the City’s financial system using Bitcoin tech. Lugano Dives into the World of Crypto Before the latest developments, Lugano only allowed crypto payments to be made directly on the City’s official online portal....

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VanEck Predicts No BTC-ETH Flippening, Doubles Down on Post-Halving Scene

Investment management firm VanEck has unveiled its 2024 predictions, forecasting not only record-breaking highs for Bitcoin but also an anticipated peak in the NFT market, signaling a significant transformation in the industry. The introduction of spot Bitcoin ETFs is expected to align with the prolonged anticipation of a U.S. recession, while the forthcoming halving event may not generate as much impact as previously anticipated. New Peak for Bitcoin But No Flippening for...

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Bitcoin Eyes $50K to $53K Target: Optimistic Outlook Reinforced by Lack of Retail Liquidity

Bitcoin experienced a notable price uptick in the past few weeks, surpassing the $40,000 mark and reaching its highest point since April 2022. This upward momentum was fueled by an increasing demand from US investors, evidenced by a positive Coinbase premium. Experts suggest that the next target level for the leading crypto is above $50,000. Bitcoin Targets $50K to $53K According to the latest report from CryptoQuant, network activity indicates a potential price target...

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