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(Coin Telegraph)-08/05/20241-What is Bitcoin mining?Bitcoin mining is the network’s method of transaction validation. This process is also how new Bitcoin are added to the existing supply.There are currently around 19.5 million Bitcoin in circulation and the cryptocurrency is programmed to have a total supply of 21 million. The final 1.5 million or so are locked away, […]

(Coin Telegraph)-08/05/2024QCP Capital, a cryptocurrency options trading platform, received initial regulatory approval to operate in Abu Dhabi, becoming the latest prominent crypto firm to expand in the region.The digital asset options trading desk received in-principle approval for regulated digital asset activities from the Financial Services Regulatory Authority of Abu Dhabi Global Markets (ADGM), according to a May […]

(Coin Telegraph)-08/05/2024Central banks’ future depends on a revision of their business model and speedy adoption of central bank digital currencies (CBDCs), said Joachim Nagel, president of the Bundesbank and member of the European Central Bank (ECB).Nagel reportedly warned about the uncertainty surrounding central banks during a panel session at the Innovation Summit hosted by the Bank for […]

(Bloomberg)-02/05/2024Federal Reserve Chair Jerome Powell kept hopes alive for an interest-rate cut this year while acknowledging that a burst of inflation has reduced policymakers’ confidence that price pressures are ebbing.Powell, speaking to reporters Wednesday following the US central bank’s latest meeting in Washington, said price growth will likely resume cooling this year, but avoided offering […]

(Reuters)-02/05/2024Oil prices rose on Thursday, rebounding from three days of losses, on expectations the lower levels may prompt the U.S., the world’s biggest crude consumer, to start replenishing its strategic reserve, putting a floor under prices.Still, prices fell more than 3% on Wednesday to a seven-week after the U.S. Federal Reserve kept interest rates steady, […]

(Crypto News)-02/05/2024Experts warn that Venezuela’s likely shift towards digital currency necessitates stricter regulations.The development comes as Venezuela’s state oil company PDVSA is ramping up digital currency use for crude oil and fuel exports, according to Reuters. This decision follows the Biden administration declining to renew a license that had eased restrictions. Essentially, this led to reimposed sanctions […]

(Coin Telegraph)-02/05/2024Reporting from CoinShares highlighted a weekly $435 million outflow from cryptocurrency investment products in the week ending April 26. Crypto exchange-traded products (ETPs) have now experienced outflows for the third consecutive week as Bitcoin price remains rangebound in the low $60,000 range.Bitcoin funds led outflows, with $423 million exiting the market after the halving event, while Ether investment products […]

(Coin Telegraph)-02/05/2024There’s a very slight chance that Bitcoin has already reached its peak this cycle at the $70,000 mark, according to the “exponential decay” pattern floated by veteran trader Peter Brandt.Of course, many other price models and predictors suggest Bitcoin is still far from its cycle peak and could instead top out at the $210,000 mark […]

(Coin Telegraph)-02/05/2024Amid increasing Bitcoin use for day-to-day purchases, the Bitcoin network recorded the highest number of confirmed payments on April 23. Three days after stepping into the new halving cycle on April 20, the Bitcoin network processed over 1.6 million unique transactions between sender and receivers.Comparing data from Blockchain.com and Glassnode shows a direct correlation between the launch of Bitcoin Runes — […]

VoluMint addresses market-making challenges with a decentralized, AI-powered service, enhancing liquidity with reduced fees and a unique trading bot.In crypto, small and medium-sized projects often find themselves at a crossroads, grappling with the high costs of market-making services crucial for sustaining liquidity and trading volume. Limited access to market-making services puts projects at risk of delisting […]

(Reuters)-17/04/2024A rally in the US dollar is accelerating, as stubborn inflation sows doubts over how aggressively the Federal Reserve will be able to cut rates this year compared to other central banks.The US dollar index .DXY , which measures the greenback against a basket of six major currencies, is up 4.6% this year and stands near its […]

(Reuters)-17/04/2024HSBC is expected to cut an additional 20 investment banking jobs in Asia on a deals slump, takes the total cuts to around 30 this week, three sources with knowledge of the matter said.The Asia-focused lender started the layoffs on Tuesday in the region, when it notified around a dozen bankers.HSBC did not respond to […]

(Coin Telegraph)-17/04/2024Microsoft continues its expansion into global artificial intelligence (AI) with a strategic partnership and $1.5 billion investment in the Abu Dhabi-based AI tech holding company, G42. In an announcement on April 16, Microsoft explained that the investment aims to propel AI development forward and expand the accessibility of cutting-edge technologies in both the United Arab Emirates (UAE) […]

(Coin Telegraph)-17/04/2024The cryptocurrency market took a beating in 2022, falling more than 70% during a time when the industry made headlines around the world for all the wrong reasons — from FTX’s bankruptcy and Sam Bankman-Fried’s arrest to the $50 billion collapse of the Terra ecosystem.The United States also saw inflation hit a 40-year high […]

(Coin Telegraph)-17/04/2024The upcoming Bitcoin halving could lead to a greener Bitcoin mining network with more sustainable energy sources.With Bitcoin block rewards set to be cut from 6.25 BTC to 3.125 BTC, paired with a continually increasing Bitcoin hash rate, the profitability of mining firms could take a hit.In turn, this could lead miners to search for greater […]

(Coin Telegraph)-17/04/2024Three recently approved spot Bitcoin exchange-traded funds (ETFs) in Hong Kong may not be as big of a deal as some may think, according to senior Bloomberg ETF analyst Eric Balchunas.On April 15, The Hong Kong Securities and Futures Commission (SFC) issued conditional approvals to three offshore Chinese asset managers to begin issuing spot Bitcoin and Ether […]