Crypto News

Argentina’s new president tackles monetary policy with 50% currency devaluation A Bold Move Towards Economic Recovery In a bold move to address Argentina’s deepening economic crisis, President Javier Milei‘s administration has implemented a sweeping 50% devaluation of the national currency, the Argentine peso. This radical measure, announced on Dec. 12, marks a significant shift in…

The Rollercoaster Ride of Bitcoin Prices By: CryptoQueen123 Have you ever felt the thrill of riding a rollercoaster? Well, if you’re a Bitcoin investor, you might be experiencing something similar with the recent price fluctuations in the cryptocurrency market. Just when it seemed like Bitcoin was on its way to breaking new records, it suddenly…

Bitcoin Startup Lab debuts BRC-20 LABB token to nurture BTC startup community San Francisco-based Bitcoin Startup Lab has recently introduced LABB, a community-centric BRC-20 token aimed at empowering BTC entrepreneurs. This innovative token is designed to foster a community of visionaries who are looking to launch Bitcoin-focused startups. The LABB token serves as a supportive…

Coinbase launches spot trading for non-US institutional clients Coinbase International Exchange introduces non-US spot markets Coinbase has announced the launch of non-US spot markets for institutional investors. Eligible non-US institutional investors will access BTC/USDC and ETH/USDC as from December 14, 2023 on Coinbase International Exchange. The exchange plans to expand the product to retail investors…

Unlocking the Mysteries of Cardano’s Recent Rally Hey there, fellow crypto enthusiasts! Have you heard the latest buzz about Cardano’s recent price surge? If not, don’t worry because I’m here to break it down for you in a way that’s both informative and entertaining. The Curious Case of Cardano’s Wallet Exodus So, the on-chain analytics…

Insights: Profitable Bitcoin Supply Nears Cycle Peak, Potentially Preceding Market Correction Quick Take Analyzing the supply dynamics of Bitcoin reveals a telling story of profit and loss convergence, a significant indicator of market fluctuations. Of the approximately 19.3 million Bitcoin in circulation, an estimated 17.3 million are in profit, leaving 1.9 million at a loss….

The Chicago Mercantile Exchange Bitcoin Futures Open Interest Falls as Year-End Approaches Quick Take From mid-October, the Chicago Mercantile Exchange (CME) has maintained its position as the premier exchange for Bitcoin futures, augmenting its Open Interest by approximately 45,000 BTC through the end of November. However, this shift was marked by approximately 20,000 Bitcoin contracts…

The Chairman of the U.S. Commodity Futures Trading Commission (CFTC) has recently reiterated a crucial stance. Amidst ongoing debates and a noticeable struggle between different regulatory bodies, the chairman has firmly stated again that most cryptocurrencies are considered commodities according to the current legal framework. Crypto Tokens as Commodities: CFTC Chief’s Stand During Ongoing Regulatory…