Cryptocurrency markets are brimming with optimism this week as Bitcoin and major altcoins stage recoveries from the recent bear market. Matt Hougan, Bitwise Asset Management’s Chief Investment Officer, added to the enthusiasm in a recent interview predicting Bitcoin will surge to fresh all-time highs. Keypoints itwise CIO Matt Hougan predicts Bitcoin will hit a new all-time high amid an ongoing crypto market rally Key drivers include anticipation of a Bitcoin Spot ETF, lower interest rates, and unprecedented institutional investment Hougan believes the influx of “big money” from major financial players…
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Bitcoin new high set for late 2024, Binance to lose top spot, predicts VanEck
Next year will see Binance lose its leadership position, a U.S. recession, new stablecoin market cap highs and a new peak price for Bitcoin, according to asset manager VanEck.
Read MoreHK game firm to buy $100M crypto for treasury, China/UAE CBDC deal: Asia Express
Hong Kong game firm to add $100M of BTC and ETH to treasury, UAE and China strike CBDC deal, Victory Securities starts new HK Bitcoin fund.
Read MoreSui Joins DeFi Leaders, Topping $100M in Bridged USDC
GRAND CAYMAN, Cayman Islands, December 7th, 2023, Chainwire Only 7 months from the network’s launch, Sui is bridging more USDC liquidity than multiple native chains Sui, the groundbreaking Layer 1 blockchain created by the technology experts who led Meta’s Diem blockchain initiative and created the Move smart contract language, continues its explosive ascent in decentralized finance (DeFi). This week, it surpassed $100 million in bridged USDC. This latest data confirms Sui’s position among the ranks of the top DeFi protocols worldwide and builds upon its most recent milestone of surpassing $175…
Read MoreBitcoin Innovation or Exploitation? Community Debates Ordinal Inscriptions
As the price of bitcoin creeps back toward $45,000, the cryptocurrency’s network is showing signs of strain. Over 260,000 unconfirmed transactions have piled up in the mempool, slowing transactions and hiking fees. This congestion has reignited debate around a new Bitcoin innovation called ordinal inscriptions. Keypoints Unconfirmed BTC transactions are rising, causing network congestion and higher fees Ordinal inscriptions are adding extra data to transactions, bypassing Bitcoin Core’s size limits Luke Dashjr calls inscriptions a “bug” and vulnerability that needs to be fixed Others argue inscriptions evolve Bitcoin, encourage experimentation,…
Read MorePrice analysis 12/6: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, AVAX, LINK, TON
Bitcoin is witnessing profit-booking by short-term holders, but institutional investors continue to put money into BTC investment products.
Read MoreLawmakers’ fear and doubt drives proposed crypto regulations in US
If the Digital Asset Anti-Money Laundering Act were to become law, many cryptocurrency providers would have to learn how to comply with the same regulations as traditional financial institutions.
Read MoreHuge if True! $100k Bitcoin God Candle? Qatar Eyes Multi-Billion Dollar Bitcoin Investment
Reports emerged this week that Qatar’s sovereign wealth fund is exploring what could be one of the biggest institutional investments into Bitcoin ever – to the tune of up to $500 billion. The rumors, which remain unconfirmed but are gaining traction in crypto circles, have already fueled a rapid 10% Bitcoin price pump over recent days. Keypoints Qatar’s sovereign wealth fund is rumored to be considering a $500 billion investment in Bitcoin The rumors have fueled a surge in Bitcoin’s price, with it rising over 10% in the last 4…
Read MoreSEC pushes deadline to decide on Grayscale spot Ether ETF
The commission said it will have until January 2024 to reach a decision on the spot Ether investment vehicle or institute proceedings to extend the deadline again.
Read MoreExpect ‘records broken’ by Bitcoin ETF: Brett Harrison (ex-FTX US), X Hall of Flame
Brett Harrision (ex-FTX US) dishes the dirt on the “insecure, prideful” SBF and tips a spot Bitcoin ETF will shatter the futures ETF’s records
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