Report suggests 6 billionaire crypto traders earned their fortunes from Bitcoin
    06 Sep 2023
    158 Views

    The firm behind the “Crypto Wealth Report” said it received a spike in the number of crypto-related inquiries by millionaires in the last six months. A report released by London-based investment migration consultancy firm Henley & Partners suggests there were more than 40,000 crypto millionaires in the world holding Bitcoin. According to the “Crypto Wealth…

    Crypto market ‘dramatically underestimates’ bullishness of spot Bitcoin ETFs
    06 Sep 2023
    144 Views

    “It’s reckless not to aggressively accumulate BTC at current levels,” K33 senior analyst Velte Lund says in a new report. The potential of a spot Bitcoin exchange-traded fund (ETF) approval to drive prices up is dramatically underestimated by the crypto market, claim analysts from crypto research firm K33 — formerly Arcane Research. In a Sept. 5…

    Ether price risks losing the $1.6K support as multiple ETH price metrics decline
    06 Sep 2023
    147 Views

    A lack of network activity and ground lost to competitors could eventually play a role in ETH losing the $1,600 support. Ether’s price surged by 31.3% from March 10 to March 18, coinciding with the Federal Reserve’s injection of $300 billion to address the insolvency of Silicon Valley Bank. Since then, Ether’s price has consistently maintained a daily…

    USD Coin officially expands to Base and Optimism networks
    06 Sep 2023
    130 Views

    Circle’s USDC is now available natively on Base and Optimism, and Coinbase accounts can transfer the stablecoin to Base for the first time. Circle’s USD Coin has launched natively on both the Base and Optimism networks, allowing Circle account holders to send the stablecoin from their accounts to either network. Coinbase has also made USDC transfers…