Hong Kong regulators have expressed openness to approving spot cryptocurrency exchange-traded funds (ETFs), potentially ushering in a new era for digital assets in the region. The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) jointly declared on Friday a willingness to consider authorizing spot crypto ETFs. This marks a pivotal shift […]
BTCUSD Bullish Formation May Aid its Breakout Beyond $45,000 BTCUSD bullish formation is very promising at the moment. It is expected to potentially facilitate a breakout beyond the $45,000 threshold. The recent market movements suggest that Bitcoin is poised for an upward surge, surpassing not only the $45,000 price level but also initiating a breakout […]
Introduction: From its origins marked by speculative fervor, the evolution of crypto is now steering towards a phase where on-chain businesses are emerging, boasting clear business models, cash flows, and long-term economic value creation. This report delves into the ongoing transformation of the crypto landscape, exploring recent developments in on-chain data, crypto fundamentals, and the […]
BTCUSD is Set to Try the $45,000 Resistance Again BTCUSD is set for a renewed challenge to surmount the $45,000 resistance, embarking on another attempt after finding support at the $40,200 level, coinciding with the central axis of its parallel channel. Despite an earlier robust ascent to $45,000, the cryptocurrency encountered formidable resistance at this […]
Former BitMEX CEO Arthur Hayes radiates confidence in Bitcoin’s future, envisioning a significant surge to a $1 million price target. Presently hovering near $42,000.00, Bitcoin’s potential rise relies on its inherent value and transformative impact on finance, as per Hayes. This ambitious goal emphasizes Bitcoin’s shift from a volatile asset to a globally recognized standard, […]
In a recent interview on The Scoop podcast with The Block’s Frank Chaparro, Bloomberg Intelligence ETF research analyst James Seyffart shared his insights on the long-anticipated approval of spot bitcoin exchange-traded funds (ETFs) by the Securities and Exchange Commission (SEC). Seyffart predicts that the regulatory green light may come in January 2023, following months of […]
Introduction: The Helium Network, a pioneering blockchain-based wireless infrastructure initiative, is redefining global internet connectivity accessibility. This article explores the innovative approach of mining MOBILE tokens, the native cryptocurrency of the Helium blockchain, and the potential investment opportunities it presents. Understanding Helium: A Decentralized 5G Network Helium’s groundbreaking 5G network diverges from traditional models dominated […]
Bitget’s December surge fuels Bitcoin optimism amidst regulatory anticipation. In early December, Bitget experienced a 20% surge in new registrations, with 89% entering the cryptocurrency space and 61% exclusively opting for Bitcoin. Google Trends reported doubled interest in Bitcoin searches from November 30 to December 6. The week also marked a 23% rise in spot […]
BTCUSD Remains Stuck in the Parallel Channel BTCUSD remains within its parallel channel as it faces another unsuccessful attempt to break out. This parallel channel has guided the market since the bullish resurgence from $16,500 at the beginning of the year, encapsulating all upward movements within its boundaries. BTCUSD Key Levels Supply Levels: $45,000, $47,570, […]
