Author name: Peter

Ethereum Price Analysis: Exploring Market Dynamics and Potential Trends

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On January 29, 2024, the price of ethereum (ETH) showcases a complex interplay of market factors. Currently, ether is valued at $2,247, with a 24-hour range fluctuating between $2,246 and $2,284. Despite its significant market capitalization of $270 billion, the trading volume for ether remains relatively modest, suggesting caution among investors. Hourly Chart: Volatility Presents […]

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BlackRock’s Spot Bitcoin ETF Volume Surpasses GBTC, Indicating a Market Shift

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Introduction BlackRock's spot Bitcoin ETF has achieved higher trading volume than the Grayscale Bitcoin Trust (GBTC) for the first time since its launch. This development suggests a potential slowdown in outflows for GBTC, which has experienced over $5 billion in outflows since its inception. In contrast, other spot Bitcoin ETFs, including BlackRock and Fidelity, have

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73% of European Crypto Users Optimistic About the Future, Says Binance Survey

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A recent survey conducted by cryptocurrency exchange Binance has revealed that 73% of European respondents are optimistic about the future of cryptocurrency. The survey, which included participants from France, Spain, Italy, and Sweden, aimed to understand the investing habits of European crypto users. The results showed that 55% of the participants exclusively use cryptocurrencies for

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Stellar Development Foundation Delays Protocol 20 Upgrade Due to Bug

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The Stellar Development Foundation (SDF) has announced a delay in the Protocol 20 upgrade of the Stellar blockchain, originally scheduled for January 30. This decision follows the discovery of a bug in Stellar Core v20.1.0, which could potentially impact Soroban transactions. Commitment to Collaboration In a blog post dated January 27, the SDF expressed its

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Gareth Soloway Predicts Bitcoin Could Dip to $15K in a Stock Market Sell-Off

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Bitcoin's Potential Future Trajectory According to Gareth Soloway In a recent interview with Gareth Soloway, the chief market strategist at verifiedinvesting.com, he shared his insights on bitcoin's latest trends and its potential future trajectory. Soloway discussed his approach to analyzing various data sets for forecasting future trends and drawing conclusions. He highlighted the significance of

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Why Vanguard Does Not Offer Spot Bitcoin ETFs: Explained

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The Immaturity of Cryptocurrency as an Asset Class Financial giant Vanguard has recently shed light on its decision not to make spot bitcoin exchange-traded funds (ETFs) available on its trading platform. In a blog post titled "No Bitcoin ETFs at Vanguard? Here's why," Vanguard emphasized that cryptocurrency is still an immature asset class with limited

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Is Charles Schwab Gearing Up to Enter the Spot Bitcoin ETF Race?

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In the aftermath of a significant 11-day period where spot bitcoin exchange-traded funds (ETFs) in the United States accumulated a total trading volume of $25.36 billion, speculations have arisen regarding the potential involvement of Charles Schwab, the American multinational financial services corporation. According to Eric Balchunas, Bloomberg's lead ETF analyst, it would be unwise to

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JPMorgan Predicts Relief for Bitcoin as Grayscale Profit-Taking Subsides

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JPMorgan's Analysis on Bitcoin JPMorgan, a global investment bank, has stated that the downward pressure on Bitcoin caused by profit-taking from Grayscale's bitcoin trust (GBTC) has mostly occurred. The bank's analyst explains that this indicates that the negative impact on Bitcoin from this source is likely to be diminishing. JPMorgan's Bitcoin Price Forecast JPMorgan once

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SEC Crypto Enforcement Reached New High in 2023

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SEC Prioritizes Crypto Enforcement The U.S. Securities and Exchange Commission (SEC) experienced a significant surge in crypto-related enforcement actions in 2023, surpassing the previous year by over 50%, according to a recent report. The SEC considers cryptocurrency-related enforcement as one of its top priorities and has initiated 46 enforcement actions against various participants in the

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