Macro factors in Canada and US good for Bitcoin’s price — WonderFi CEO

    Bitcoin recently hit an all-time high of over 100,000 Canadian dollars. Dean Skurka, President and CEO of WonderFi — a digital financial services company — believes interest rate cuts in Canada and the United States, as well as the upcoming 2024 US Presidential election, will continue to drive the price of Bitcoin higher between the…

    Stablecoin supply alone won’t pump Bitcoin markets — Ki Young Ju

    As Bitcoin hovers around the $70,000 price level, investors and analysts debate the specific catalysts that will send markets higher. CryptoQuant founder and CEO Ki Young Ju recently explained that while stablecoin supply continues to grow, this added volume is not high enough to create significant buy-side liquidity and drive BTC prices higher. The CryptoQuant…

    Turkish investors prefer crypto over real estate and stocks — Survey

    A recent survey by the cryptocurrency exchange Paribu reveals that some investors in Turkey now prefer cryptocurrencies over traditional investment options like real estate and stocks. The “2024 Cryptocurrency Awareness and Perception Survey” survey aimed to highlight developments in Turkey’s crypto ecosystem. It included 2,002 interviews with individuals familiar with cryptocurrency and 541 interviews with those who…

    Tether to launch dirham-pegged stablecoin on TON

    Stablecoin issuer Tether has announced that its United Arab Emirates dirham-pegged stablecoin will be launched on The Open Network (TON) blockchain. At the TON Gateway event held in Dubai, Alessandro Giori, Tether’s senior strategic partnership manager, announced that its dirham stablecoins, announced earlier this year, will be launched on the TON blockchain. On Aug. 21,…

    Intent-based trading: A fad or the future of DeFi?

    Let’s be honest — DeFi is still pretty confusing for the masses. Navigating multiple platforms, understanding complex protocols, and managing assets across blockchains can be overwhelming. This raises an important question: Is there a way to simplify the decentralized finance (DeFi) experience without sacrificing its core advantages? Well, there is a way for users to set their…

    Coinbase sees largest single-day decline in 2 years amid stock market wipeout

    Shares in crypto exchange Coinbase Global Inc (COIN) have experienced its largest significant single-day decline in over two years after its latest earnings missed analyst estimates alongside a stock market plummet. However, traders are confident that the stock will make a strong comeback in 2025. On Oct. 31, COIN closed the trading day at $179.25,…