The crypto investment firm Mechanism Capital recently made waves by predicting that Bitcoin could potentially reach a price level above $1 million in the mid-term. This bold claim was backed by a series of hyper-bullish developments surrounding the digital asset. Despite facing poor market structure dynamics earlier in the month, Andrew Kang, the co-founder of
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The past week has been quite eventful for the cryptocurrency markets, with Bitcoin leading the way in terms of price surges. Despite facing some resistance at the $68K level, Bitcoin managed to increase by 11% over the past seven days. This upward trend began on July 14th and has been mostly positive since then. Currently,
Semilore Faleti is a cryptocurrency writer who has carved a niche for himself in the world of journalism and content creation. His journey began with writing on various subjects, but he soon discovered his passion for delving into the complexities of blockchain technology and cryptocurrency. Faleti is particularly fascinated by the efficiency of digital assets
Three individuals have been apprehended by the Hong Kong police on charges of defrauding a businessman of HK$3.11 million in crypto assets. The suspects allegedly offered the victim three bundles of counterfeit HK$1,000 banknotes during a transaction at a Mong Kok office. According to a source, the 44-year-old businessman was presented with what appeared to
State Street Corp., a prominent player in traditional finance based in Boston, is reportedly looking into launching its own stablecoin and tokenized deposits to enhance payment settlement processes through blockchain technology. This move signifies the bank’s active efforts to delve into the world of cryptocurrencies and digital assets. In addition to focusing on stablecoin initiatives,
In the world of cryptocurrency, the price of Bitcoin has been experiencing a significant surge over the past seven days. Despite initial concerns surrounding Mt. Gox’s customer repayment and general FUD in the market, trading data has led analysts at QCP Capital to believe that Bitcoin may be gearing up for an even bigger price
Kraken Institutional, the institutional investor division of the US-based crypto exchange Kraken, has recently announced the expansion of its custody services into the UK and Australia. This move comes after the division’s initial launch earlier this year and aims to provide institutional clients in these regions with the opportunity to securely store, manage, and transfer
A recent prediction by a prominent crypto analyst suggests that Bitcoin (BTC) is poised to reach a new all-time high of $100,000. The analyst, known as Scott Melker, has outlined several key factors that could drive Bitcoin’s price to this significant milestone. Melker’s bullish stance on Bitcoin’s future prospects is based on a variety of
In the fast-paced world of cryptocurrency, certain trends and phenomena tend to capture the attention of both seasoned investors and newcomers alike. One such trend that has gained significant traction in the first half of 2024 is the emergence of dog-themed meme coins. These digital assets, such as Dogecoin (DOGE) and Shiba Inu (SHIB), have
The Chicago Board Options Exchange (CBOE) has officially announced the launch date for Spot Ethereum ETFs, revealing that five Spot ETH ETFs will soon be available for trading in the cryptocurrency market. This news has generated a lot of excitement and anticipation among investors and analysts alike. On July 19, the CBOE made a significant
