Global #Bitcoin

Blockchain technology is being considered as a solution to prevent trading glitches like those experienced by the New York Stock Exchange (NYSE).

Kraken, a prominent cryptocurrency exchange, has witnessed its highest Bitcoin and Ethereum outflows since 2017, signaling significant changes in the market as investors opt for self-custody and long-term holding strategies.

Bitcoin (BTC) experienced a slight decline to $69,200 early Tuesday following a brief surge above $70,000 late Monday, driven by profit-taking. The movement in BTC prices mirrored fluctuations in major U.S. stock markets, reflecting overall market sentiment.

The recent approval by the Hong Kong Securities and Futures Commission (SFC) allows 11 cryptocurrency exchanges to operate in the city, signaling the first progress towards issuing virtual asset trading platform (VATP) licenses since 2022.

In June 2024, news surfaced that MicroStrategy's CEO, Michael Saylor, reached a $40 million settlement with the attorney general for the District of Columbia, ending a lawsuit accusing him of evading income tax.

Donald Trump's Presidential campaign gained significant attention by becoming the first to accept Bitcoin Lightning Network payments for donations, in collaboration with OpenNode.

If you were to ask a typical Bitcoin enthusiast about the most influential mining company, Bitmain would likely come up.

The Nigerian government's handling of cryptocurrency is generating confusion and discontent among investors. The Senate Committee on Capital Markets in Nigeria has advocated for cryptocurrency regulation to safeguard investors and bolster the domestic economy.

A crypto analyst has made a bold prediction regarding Bitcoin, suggesting that the cryptocurrency is on the cusp of a major surge in price. Renowned for his accurate macro Bitcoin forecasts, the analyst, known as TechDev, has highlighted the current narrow trading range of Bitcoin, which he claims hasn't been seen in eight years.

Since the recent approval of spot Ether exchange-traded funds (ETFs) in the United States, there has been a significant withdrawal of Ether from centralized crypto exchanges (CEXes), totaling over $3 billion worth.

According to crypto trader Peter Brandt, Bitcoin (BTC) is currently experiencing a downturn, with its price at $68,589. Brandt suggests that based on the trajectory of previous post-halving bull markets, Bitcoin could potentially peak between $130,000 to $150,000 in late August to early September.

Recently, there has been a noticeable increase in investor confidence within the cryptocurrency market, benefiting Bitcoin significantly. Despite some ups and downs in its price, large-scale investors have been consistently accumulating BTC.