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Market Cap Set to Double, Predicts Bitfinex Bitfinex market strategists are expressing optimism for bitcoin (BTC) and crypto assets as 2024 approaches. Despite regulatory and reputational challenges, these analysts believe that the crypto market is resilient and will witness an upward trajectory, potentially doubling its market capitalization. According to the latest Bitfinex Alpha report, the […]

A Swiss Bitcoin exchange, Relai, has revealed that a significant 75% of its Over-The-Counter (OTC) revenue in the final quarter of 2023 came from private clients who redirected funds from real estate sales to Bitcoin. This highlights a remarkable change in investment strategies among investors, who are flocking to Bitcoin due to the current turmoil

Grayscale Addresses Taxation Concerns Grayscale, one of the largest cryptocurrency asset management firms in the world, has provided clarity on the tax implications of adopting a cash creation model for a forthcoming spot bitcoin exchange-traded fund (ETF). The company has stated that there will be no disadvantage for a grantor trust-based spot bitcoin ETF in

Introduction NitroBetting.eu, a leading Bitcoin-exclusive sportsbook, has introduced a groundbreaking prediction market called Bitcoin Spot ETF betting lines. This unique market focuses on the potential approval date of the SEC's Spot ETF and speculation on which ETF sponsor will be the first to receive approval. The published odds indicate that the market believes there is

A Shift in Market Behavior with the Surge of TGEs In the world of cryptocurrencies, there has been a noticeable change in market behavior as Token Generation Events (TGEs) gain increased popularity. According to Andrei Grachev, managing partner of DWF Labs, there has been a significant rise in TGE projects, indicating a shift in the

Ethereum's Market Capitalization and Trade Volume Ethereum (ETH) currently holds a market capitalization of $271 billion, making it a significant player in the crypto economy. With a 24-hour trade volume of approximately $17.54 billion, Ethereum's presence is undeniable. However, recent fluctuations in trade volumes and price range, which has been between $2,254 and $2,331 in

Introduction Lolli, a leading player in the bitcoin and cashback rewards sector, has announced the successful completion of an $8 million Series B funding round. The funding will allow Lolli to further improve and expand its cryptocurrency rewards market. New Funding Round and Investors The Series B funding round was led by Bitkraft Ventures and

Ledger Library Breach: Experts Advise Halting Dapp Usage to Dodge Wallet Drainer According to multiple reports, an alleged exploit has been discovered in the Ledger Connectkit Library, raising concerns about the security of decentralized applications (dapps). Users are strongly advised not to interact with the front ends of these dapps due to the potential risk

Introduction In November, the U.S. Consumer Price Index (CPI), a principal measure of inflation, experienced a slight increase of 0.1%. This steady rise in prices is in line with the annual increase of 3.1%. Notably, energy costs have witnessed a significant decline, while expenses for housing and food have gradually risen. Decline in Energy Costs

Steven Hanke Dismisses Krugman's Assertion Steven Hanke, an applied economics professor at Johns Hopkins University, has criticized Nobel laureate Paul Krugman for his claim that inflation is a "global phenomenon." Hanke took to X (formerly Twitter) to express his disagreement with Krugman's recent op-ed article in the New York Times, referring to it as another