crypto

Bitcoin eyes third weekly close above $60K as Ethereum fuels new altcoin market cap record

Bitcoin (BTC) preserved $61,000 into the weekend after “aggressive” buying on Coinbase sparked multi-day highs.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewCoinbase BTC buyers step upData from Cointelegraph Markets Pro and TradingView showed BTC/USD cooling overnight after briefly challenging $63,000.Friday saw strong performance after U.S. traditional markets opened, helping lift Bitcoin

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South Korean pension fund to invest in Bitcoin ETF: Report

South Korea’s public pension fund, the Korean Teachers’ Credit Union (KTCU), is reportedly looking to gain exposure to Bitcoin (BTC) via a crypto exchange-traded fund (ETF).KTCU, one of the largest institutional investors in South Korea, is considering investing in a pure Bitcoin ETF or Bitcoin-linked ETFs in the first half

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OTC crypto shops flood Hong Kong, but regulations may impact their presence

Hong Kong, one of the most significant and leading financial centers in the world, has played a large role in the development of cryptocurrencies. For instance, the Chinese territory has birthed some of the most established and successful crypto companies to date including the crypto derivatives exchange FTX, along with

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Bitcoin decides fate of $60K as weekly close keeps BTC traders on their toes

Bitcoin (BTC) is lining up a crucial weekly support test on Oct. 23 after impulsive sellers moved large amounts of BTC to major exchange Binance.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC dices with $60,000BTC/USD is keeping traders nervous into Saturday, data from Cointelegraph Markets Pro and TradingView shows, deciding on the fate

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Crypto-to-fiat liquidity startup Xanpool raises $27M

Cryptocurrency-to-fiat infrastructure provider Xanpool continues expanding operations in the Asia Pacific (APAC) by securing fresh funding.The Hong Kong-based startup raised $27 million in a Series A funding round led by Valar Ventures, the venture capital firm co-founded by PayPal co-creator Peter Thiel. Other participating investors included crypto-focused venture capital firm CMT

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JPMorgan says inflation concerns, not ETFs, driving Bitcoin price jump

Bitcoin (BTC) broke its all-time high price level following the launch of ProShares’ Bitcoin Strategy exchange-traded fund (ETF), BITO, on Tuesday, but JPMorgan Chase strategists believe the key driver behind the price jump is investor concern over inflation.The BITO launch, which saw the highest-ever first-day natural volume for an ETF,

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Regulated French investment firm offers interest-focused crypto bundles

Feel mining is a French company that provides you access to the world of cryptocurrency through multiple offers: staking, lending, masternodes, mining, buying crypto, machine sales, hosting.Based in Grenoble, the company was recently accredited as a provider of services on digital assets (PSAN) by the French financial markets regulator Autorité

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Russia aims to replace US dollar reserves with digital assets in long term

As Russia continues pushing de-dollarization, the Ministry of Foreign Affairs (MFA Russia) is reportedly considering replacing the United States dollar with not only traditional fiat currencies but also digital currencies. Aleksandr Pankin, Deputy Minister of Foreign Affairs of Russia, reiterated the country’s plans to reduce the U.S. dollar share in Russia’s

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New York businesses ask governor to deny permits for crypto mining

The New York State Governor Kathy Hochul has been asked by a group of local businesses to deny permits for converting the city’s old fossil-fuel power plants into crypto mining centers. The request comes in the form of a letter cosigned by a number of organizations, businesses and labor groups. The

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Brazilian toddler makes over 6,500% profit on her first Bitcoin holding

A 4-year-old girl has reportedly earned over 6,500% profit on a one Bitcoin (BTC) gift she received on the day of her birth. João Canhada, the founder of a Brazilian crypto exchange Foxbit, gifted 1 BTC to his newborn daughter, roughly worth $915.80. Sharing details on the event, Canhada said:“As soon as

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