News
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Crypto lending platform Ledn processes loans worth $690 million in Q1 driven by the adoption of US Spot crypto ETFs
- May 10, 2024
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No CommentsLedn, a crypto lending platform, has released its first-quarter loan figures, signifying a watershed moment in its journey since its establishment in 2018. The statement highlights Ledn’s rise to prominence in the digital asset finance ecosystem, with over $690 million in loans originated during the quarter. Breaking down the loan figures reveals a striking distribution,
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Pantera Capital predicts bitcoin will hit $114,000 by August 2025
- May 10, 2024
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Pantera Capital, a renowned player in the cryptocurrency hedge fund sphere, has once again voiced its bullish sentiment towards Bitcoin, projecting a potential surge in its price to $114,000 by August 2025. This optimistic forecast arrives against a backdrop of ongoing challenges within the crypto landscape, including persistent inflation concerns, evolving Federal Reserve interest rate
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Raiffeisen Bank partners with Bitpanda to expand crypto services worldwide
- May 9, 2024
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The collaboration between Raiffeisen and Bitpanda marks a significant milestone in the integration of traditional banking services with the burgeoning world of digital assets. By leveraging Bitpanda’s technology and expertise, Raiffeisen is able to offer its customers access to a diverse range of investment opportunities, including cryptocurrencies, precious metals, and other digital assets, directly through its mobile banking application, Mein ELBA. This
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Fidelity investment findings indicate bullish outlook on bitcoin’s price trajectory
- May 9, 2024
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Fidelity Investments, a global leader in investment management with assets totaling trillions of dollars, has provided an insightful analysis suggesting that Bitcoin (BTC/USD) may be gearing up for a substantial surge in value, possibly catapulting towards the coveted $100,000 mark. At the present moment, Bitcoin is trading at $62,901, showing a modest uptick of around 1%.
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Tesla embraces DOGE as payment for merchandise, while whale invests $10.4 million in PEPE coin
- May 8, 2024
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In the volatile landscape of cryptocurrency markets, the recent developments surrounding meme coins like Dogecoin (DOGE) and PEPE, as well as Tesla’s adoption of DOGE payments, have drawn significant attention and sparked discussions among investors and enthusiasts alike. Tesla’s decision to accept DOGE payments for its products represents a notable step towards mainstream adoption of
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Bitcoin’s price hovers around the $64,000 mark amid institutional and regulatory developments
- May 8, 2024
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Bitcoin’s recent ascent to $64,000 has been influenced by various factors, including a weakening US dollar and expectations of interest rate cuts by the Federal Reserve. Despite these supportive conditions, BTC experienced a slight retreat, trading around $63,400 and reaching an intraday low of $62,961. The week started with a bullish tone for Bitcoin, rebounding
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Visa research reveals 90% of stablecoin transaction volumes are not genuine
- May 7, 2024
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Visa and Allium Labs’ disclosure that the great majority of stablecoin transaction volumes are not generated by real users emphasizes the cryptocurrency market’s intricacies and limitations. While stablecoins have been touted as potential game-changers in the payments industry due to their stability and utility in facilitating fast and low-cost transactions, the study’s findings cast doubt
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Hong Kong’s spot Bitcoin and Ethereum ETFs hit $230 million in AUM in first week
- May 7, 2024
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Hong Kong’s spot Bitcoin exchange-traded funds (ETFs) made a strong start in the market, quickly accumulating $230 million in assets under management (AUM). This milestone not only indicates a high level of investor interest but also demonstrates the region’s growing acceptance and adoption of cryptocurrency-based financial solutions. According to data provided by the Hong Kong Stock
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Coinbase faces new lawsuit accusing of fraudulent practices towards investors
- May 6, 2024
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The class-action lawsuit against Coinbase and its CEO, Brian Armstrong, marks another chapter in the ongoing legal saga surrounding the cryptocurrency exchange. With plaintiffs from California and Florida leading the charge, the lawsuit alleges that Coinbase has knowingly violated state securities laws since its inception. At the heart of the matter is the classification of
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Traders Eye Bullish Reversal for Bitcoin as Key Pattern Emerges
- May 6, 2024
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As Bitcoin’s price hovers around critical levels, traders are intensifying their scrutiny of market dynamics, seeking clues that could dictate the cryptocurrency’s next major move. At the forefront of their analysis is the emergence of the inverse head-and-shoulders pattern, a technical formation that has captured the attention of traders like Matthew Hyland. Hyland’s assessment underscores