Tether's Market Cap Growth in 2023 Tether, the leading stablecoin by market capitalization, has experienced significant growth in 2023. Starting the year with a market value of $66.3 billion on January 1, it has surged to $90 billion in just 340 days. This represents an impressive 35% increase in market capitalization, adding $23.7 billion to
Brazil to Discuss Digital Currencies as G20 President The government of Brazil, as the current president of the Group of Twenty (G20), is set to address the subject of digital currencies and their potential benefits for financial transactions. By assuming the G20 presidency on December 1, Brazil aims to leverage its position and promote the
Brazil to Discuss Digital Currency Usage for Financial Transactions in G20 Read More »
Crypto exchange Coinbase's CEO, Brian Armstrong, believes that Bitcoin has the potential to play a crucial role in extending the reach of Western civilization. Armstrong sees Bitcoin as an alternative to traditional fiat currencies like the U.S. dollar, offering people a way to protect themselves from inflation. Brian Armstrong: Crypto as an Antidote to Inflation
Introduction Peter Schiff, the chief economist at Europac, recently discussed the market movements of gold and bitcoin. He pointed out that the pullback in gold prices provided an opportunity for bitcoin prices to increase. However, Schiff remains skeptical about the future of bitcoin, predicting a collapse, while he believes gold prices will continue to rally.
The Gold and Bitcoin Rallies: A Comparison by Peter Schiff Read More »
A proposed bill in the state of New Jersey aims to classify all cryptocurrencies issued and sold directly to institutional investors as securities. While the U.S. Securities and Exchange Commission (SEC) previously declared that bitcoin is not a security, SEC Chairman Gary Gensler considers other crypto tokens to fall under the securities category. New Jersey
Congressman Tom Emmer Accuses SEC of Ignoring the Law Congressman Tom Emmer, a member of the U.S. House Subcommittee on Digital Assets, Financial Technology and Inclusion, has criticized the Securities and Exchange Commission (SEC) for its deliberate policy to provide less clarity to the crypto market. Emmer accused the SEC of not adhering to the
The SEC’s Deliberate Lack of Clarity in the Crypto Market Criticized by U.S. Lawmaker Read More »
Bitcoin's Market Cap and Trading Volume Bitcoin (BTC) currently has a market cap of $856 billion and a 24-hour trading volume of $38.39 billion. These figures highlight the significant influence of Bitcoin in the cryptocurrency market. However, a deeper analysis of Bitcoin's technical data reveals a more complex market scenario. Oscillators Analysis An examination of
Bitcoin Technical Analysis: BTC Retraces at Formidable $44,500 Resistance Barrier Read More »
Bitcoin's Soaring Value and the Lagging Performance of Other Cryptocurrencies Bitcoin's value has recently reached its highest level in 20 months, reminiscent of its peak on April 6, 2022. This surge in the premier cryptocurrency's value has also benefited many other digital assets in the crypto market. However, while several of these cryptocurrencies have experienced
Insights into the Factors Behind the Recent Surge Yiannis Giokas, a senior director with Moody's Analytics, has provided insights into the factors behind the recent surge in bitcoin's price, highlighting the anticipated approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). Moody's Analytics, a subsidiary of Moody's Corp., focuses
The Biggest Driver Behind the Recent Surge in Bitcoin Price Read More »
The Indian government has revealed that 28 crypto service providers are currently registered with the country's Financial Intelligence Unit. Furthermore, the Ministry of Finance has clarified that the anti-money laundering guidelines and reporting requirements apply to offshore cryptocurrency exchanges servicing the Indian market. Registration of Crypto Service Providers India's Ministry of Finance answered some crypto-related