Cryptocurrency exchange BitMEX’s former CEO and co-founder, Arthur Hayes, recently expressed his concerns about the potential downfall of Bitcoin. Hayes specifically raised reservations about the possible launch of Spot Bitcoin ETFs and the involvement of traditional finance (TradFi) asset managers. In his final article of the year, Hayes argued that if these ETFs were to
The cryptocurrency market is always full of surprises, and the recent movement of 112 million Dogecoin (DOGE) tokens from Robinhood into an unknown wallet has caught the attention of crypto enthusiasts. This significant transfer, valued at roughly $10.4 million at the time, has raised several questions regarding the motives behind it. In this article, we
Bitcoin (BTC) and the broader crypto market have the potential to experience a positive year in 2024, driven by various on-chain metrics. A recent weekly report from market analytics platform CryptoQuant highlights several factors that could influence Bitcoin’s trajectory, including the upcoming halving, growing stablecoin liquidity, the anticipated spot Bitcoin exchange-traded fund (ETF) approval, and
The Central Bank of Nigeria (CBN) has made a momentous decision by lifting the ban on cryptocurrency transactions in the country. This unexpected change was announced through a circular on December 22, freeing Nigerian banks and financial institutions to resume operations with cryptocurrency service providers. The initial ban, imposed in February 2021, was primarily driven
Fox Business anchor Charles Payne recently discussed his views on Bitcoin, outlining the potential for its price to reach $1 million. However, he also expressed concerns about government interference and the rise of central bank digital currencies (CBDCs). This article will delve into Payne’s analysis and explore the implications of his predictions. The Pros and
Bitcoin, the pioneer of cryptocurrencies, has recently experienced a positive performance, with a gain of 3.45% in the past week, as reported by CoinMarketCap. Over the last 30 days, the price of Bitcoin has risen by a substantial 16.78%. While this bullish trend may seem promising, there is a notable increase in caution among Bitcoin
Disclaimer: This article is for educational purposes only and does not constitute investment advice. The year 2023 has been a roller coaster ride for the cryptocurrency market, with both highs and lows. Despite initial challenges, the crypto market has shown resilience and investors have found themselves in a favorable position. In this article, we will
In the world of cryptocurrency investments, the anticipation of Bitcoin (BTC) spot ETFs has reached a fever pitch. With this excitement comes speculation about whether asset managers like BlackRock can engage in insider trading and “front-run” their approvals. In this article, we will critically analyze the claims and shed light on what can and cannot
Stablecoin issuer Circle has recently made an important strategic move, announcing its conditional registration under France’s cryptocurrency laws. The company’s Chief Strategy Officer and Head of Global Policy, Dante Disparte, highlighted the reasons behind this decision, stating that France’s clear rules for responsible innovation in fintech and digital assets, combined with its dynamic entrepreneurial and
BNB, the native token of the popular Binance Exchange, has undoubtedly become a formidable presence in the cryptocurrency market. With a market capitalization of over $39 billion and a price of $260, it currently ranks as the fourth-largest asset in the world. However, amidst its meteoric rise, one crypto analyst remains pessimistic, predicting a massive
