Category: News
Latest crypto news. Do not miss what is happening in the cryptocurrency market.
Israel Central Bank: The Economy Will Benefit from CBDCs
Reading time: < 1 minuteBank of Israel deputy governor Andrew Abir challenged the traditional belief that central bank digital currency (CBDC) would have a negative impact on commercial banks.
Peter Schiff: Bitcoin Will Not Reach $100K
Reading time: < 1 minuteSome experts, like Peter Schiff, are skeptical of this prediction and do not believe BTC will reach $100,000, citing increased interest in treasury bonds and precious metals in the global market.
Grayscale’s GBTC Losses Half of its Assets
Reading time: < 1 minuteAfter converting to a spot ETF, Grayscale Investments’ GBTC Bitcoin fund experienced a significant decrease in its crypto assets, dropping by nearly half in just three months.
The UK Will Introduce a New Cryptocurrency Regulation in July
Reading time: < 1 minuteAccording to the Economic Secretary, Bim Afolami, the United Kingdom is making preparations to introduce new regulations for cryptocurrencies and stablecoins by the middle of 2024.
Bitfarms Increases its Bitcoin Hashrate to 7 EH/s
Reading time: < 1 minuteMining firm Bitfarms has significantly improved the network hashrate of the leading cryptocurrency by deploying 5,000 modern rigs across two facilities in Canada, bringing the total hashrate to 7 EH/s.
Hong Kong Crypto ETFs Will Find it Difficult to Attract $500M: Expert
Reading time: < 1 minuteAccording to well-known ETF analyst Eric Balchunas, three recently approved spot Bitcoin and Ether exchange-traded funds (ETFs) in Hong Kong may not have the huge impact that many people are anticipating.
ETFs Will Negatively Affect Bitcoin’s Price, Peter Schiff Says
Reading time: < 1 minutePresident of Euro Pacific Capital Peter Schiff predicted a major crash for Bitcoin, describing it as a Ponzi scheme without any real value.
Bitcoin’s Dominance Reaches Highest Level in Three Years
Reading time: < 1 minuteThe dominance of Bitcoin in the cryptocurrency market has reached its highest level in three years, putting pressure on the prices of alternative coins.
Bitcoin ETF Demand in Hong Kong to Reach $25B: Repory
Reading time: < 1 minuteThe launch of spot exchange-traded funds (ETFs) based on BTC in Hong Kong could see Chinese investors’ demand for the instrument reach $25 billion.
Kraken Ends Support for Monero in Ireland and Belgium
Reading time: < 1 minuteKraken has announced it will delist Monero, a privacy token, in Ireland and Belgium.
