Bitcoin has recently shown a recovery back above the $68,000 mark. Here’s who could be behind this rally, according to on-chain data. Bitcoin Coinbase Premium Gap Has Remained Negative Recently As pointed out by an analyst in a CryptoQuant Quicktake post, the Coinbase Premium Gap has been declining alongside the recent price rise. The “Coinbase … Read more
The price of Bitcoin has just crossed the $70,000 milestone for the first time since June 10 as inflows into the United States Bitcoin exchange-traded funds (ETFs) continue to grow. Bitcoin (BTC) jumped by 3% in the last day to a high of $70,150 on Oct. 28 before falling back below $70,000, TradingView data shows. … Read more
Bernie Moreno, the Republican Party candidate for the United States Senate race in Ohio, reportedly claimed to have sold his Bitcoin (BTC) holdings in an apparent attempt to push back against potential conflicts of interest with support from the cryptocurrency industry. According to an Oct. 28 Cleveland.com report, Moreno said he was “proud” to have … Read more
A meme coin analyst said that the increasing attention to memecoins is driven by money supply, contrary to some belief that it is due to politics. A reaction to a speculation circulating in social media that if a Republican wins the White House, it will be the end of meme coins. Politics Not The Reason … Read more
World Liberty Financial, the crypto venture launched by former President Donald Trump, is reportedly planning to develop its own stablecoin intended to serve as a stand-in for the US dollar. World Liberty’s Stablecoin Ambitions According to a Fortune report, the World Liberty team is currently focused on ensuring the financial product’s safety before its market … Read more
Coinbase has become one of the first United States-based cryptocurrency exchanges to dip its toe back into the waters of sports sponsorships after the collapse of FTX. In separate October notices, Coinbase announced partnerships with the Canadian Football League, the National Basketball Association’s (NBA’s) Golden State Warriors, and the Nike Melbourne Marathon Festival. Before its … Read more
Kalshi will start taking deposits in USD Coin (USDC), a popular stablecoin, as the prediction marketplace vies for users ahead of the United States’ November elections, the platform confirmed on Oct. 28. Cryptocurrency deposits will be live imminently, with offramping managed by ZeroHash, a crypto payments platform, according to a report by Fortune magazine. Competition … Read more
What is the time value of money? Time value of money (TVM) is the concept that money has greater value now than it will in the future based on earning potential. Generally, fiat money is devalued by inflation, but its value grows when invested. Delays in investing are lost opportunities that can be calculated based … Read more
The Hong Kong Monetary Authority (HKMA) has been networking its tokenization-focused Project Ensemble and has new collaborations to show for it. Project Ensemble is being linked with the Central Bank of Brazil’s (CBB) Drex pilot project and the Bank of Thailand’s (BOT) Project San. Uniting tokenization projects around the world The CBB announced the second phase of … Read more
Bitcoin (BTC) price gained 3.2% between Oct. 27 and Oct. 28, briefly testing the $69,200 level for the first time in a week. Although the rally encountered some resistance, Bitcoin bulls believe the conditions for a sustained uptrend are in place, especially given the latest socio-political and economic developments. US 6-month Treasury yield (left) vs. … Read more
