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Pressure Mounts on Milei to Dollarize Argentina's Foreign Minister, Diana Mondino, has announced that financial contracts in the country can now be denominated in Bitcoin. This move comes as President Javier Milei faces mounting pressure to fulfill his campaign promise of dollarizing the economy and abolishing the central bank. Expanding Medium of Exchange According to […]

Analysts Predict Sky-High Bitcoin Prices in 2024 As 2023 comes to an end, bitcoin has seen a remarkable 165% increase since January, leading to a surge in predictions for the cryptocurrency's value in 2024. Markus Thielen, the head of Matrixport's research division, expects the approval of a spot bitcoin exchange-traded fund (ETF) in January, which

Introduction Paxos, the tokenization and stablecoin platform, has announced its plans to expand its stablecoin issuance to the Solana blockchain. The company, which currently oversees the pax dollar (USDP), expects to make Solana-issued USDP publicly available starting January 17, 2024. Paxos Expands to Solana Paxos recently revealed that its venture into Solana represents its first

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