Bitcoin futures open interest has soared to a staggering $21 billion, marking the highest level since November 2021. Despite this notable increase, the market’s overall leverage remains relatively low, suggesting minimal risk of sudden price swings due to mass liquidations. The latest data from CoinGlass reveals that the notional open interest—or the total dollar value...
The digital asset market has undergone a remarkable transformation in the last two weeks, rebounding from a significant outflow to witness a substantial inflow, largely fueled by investments in Bitcoin (BTC). The market’s dynamics have shifted, with Bitcoin leading the charge and propelling the total value of global digital assets to reach $53 billion. In...
In a landmark operation, German authorities have confiscated approximately €2 billion ($2.17 billion) worth of bitcoins in Saxony. This seizure of 50,000 bitcoins marks potentially the largest of its kind in German history. The Saxon State Criminal Police Office spearheaded the operation, which is part of an ongoing investigation. The focus of the investigation is...
Presidential Office Advocates for Spot Bitcoin ETFs South Korea’s Office of the President has made a significant move by urging the country’s financial regulator to consider the approval of a local spot Bitcoin exchange-traded fund (ETF). This initiative demonstrates South Korea’s interest in aligning its financial regulations with international trends, particularly in the realm of...
Major Boost for Bitcoin and Crypto Industry In a significant development for the cryptocurrency market, the U.S. Securities and Exchange Commission (SEC) has approved the first U.S.-listed exchange-traded funds (ETFs) that will track bitcoin. This landmark decision will allow investors to gain exposure to bitcoin without directly holding the cryptocurrency, potentially attracting a broader investor...
Long-term investors are hoarding bitcoin at historic levels in hopes of a new high, but JPMorgan analysts believe that factors driving crypto bullishness, such as impending approval of spot ETFs and the upcoming halving, may have little impact on the token. They believe that spot ETFs would attract investment from existing bitcoin products rather than...
Bitcoin, ethereum and other major cryptocurrencies have seen a spectacular recovery this year (though ethereum’s founder has issued a stark warning over crypto’s “next bull run”). The bitcoin price has topped $30,000 per bitcoin for the first time since last summer while ethereum has surged to over $2,000 per ether as upgrades fuel a price...
The license permits Bitfinex Securities El Salvador to facilitate tokenized assets. El Salvador became the first country to adopt Bitcoin as ledger tender in 2021. Bitfinex Securities El Salvador, a newly-established entity belonging to cryptocurrency exchange Bitfinex, has emerged as the first licensed digital asset service provider (DASP) in El Salvador. The licensing comes three...
The bitcoin rate rose above $29,000. On the morning of March 30, the price of BTC exceeded this mark, updating the maximum since June 10, 2022. The asset rate rose from $28.3 thousand to $29.12 thousand within half an hour, after which it dropped back to $28.3 thousand in 40 minutes. According to CoinGecko, at...
Bitcoin mining difficulty increased by 70% in a year. According to BTC.com, on March 24, 2022, BTC mining difficulty was 27.42 T. As a result of the next recalculation on March 24 this year, the indicator reached a new all-time high at 46.84 T. The previous record was set on March 11, when the difficulty...
