There are a couple of events to watch out for this week, as they could prove pivotal in determining the future trajectory of the crypto market. These events could provide some certainty to the market or cause investors to wait on the sidelines for more favorable market conditions. Events That Could Affect The Market This…
Crypto investment products continue to shine in the middle of a strong bullish market sentiment. New data has shown institutional investors and traders are now going full speed on crypto investment products, allowing inflows to attain a new inflow record. According to CoinShares, a digital asset investment firm, digital investment products registered a record weekly…
Inflows into crypto investment products have ballooned in the past few weeks to reach a record trading volume last week. According to CoinShares, digital asset investment products received inflows of $1.84 billion last week, the second-highest on record. Particularly noteworthy is that the inflow into crypto funds caused trading volume to cross over a weekly…
Bitcoin has sailed through its US$60,000 resistance -with market observers saying it has a free run to a new all time high within the next 12 months. Today has been an especially volatile day, in an already volatile week. The price of Bitcoin has surged beyond $63,000. While still not a new all-time-high, it is…
Bitcoin has sailed through its US$60,000 resistance -with market observers saying it has a free run to a new all time high within the next 12 months. Today has been an especially volatile day, in an already volatile week. The price of Bitcoin surged to $63,000 on Wednesday. While still not a new all-time-high, it…
It's a Valentine's Day gift to Bitcoiners - Bitcoin has sailed through its US$52,000 resistance -with market observers saying it has a free run to a new all time high within the next 12 months. Bitcoin hit $52,000 today – its highest price since December 2021, giving Bitcoin Bulls a big dose of Valentine’s Day…
In an unexpected end to the week, Bitcoin has sailed through its US$48,000 resistance -with market observers saying it has a free run to a new all time high within the next 12 months. Bitcoin hit $48,200 today – its highest price since December 2021. After 17 days of trading, the BlackRock iShares Bitcoin Trust…
In an unexpected end to the week, Bitcoin has sailed through its US$45,000 resistance -with market observers saying it has a free run to a new all time high within the next 12 months. Bitcoin hit $46,400 today – its highest price since December 2021. After 17 days of trading, the BlackRock iShares Bitcoin Trust…
Hong Kong SAR’s government Financial Services department has highlighted a February 29th deadline for unlicensed Virtual Asset Service Providers (VASP) to make applications to register with the Hong Kong Securities and Futures Commission (“SFC”). If not, any unlicensed crypto entity in Hong Kong will have to cease operations by May 31st. In an official blog…
A report released by litigation consulting firm Cornerstone Research found that the USA’s top securities watchdog, the Securities and Exchange Commission (SEC) brought a total of 46 cryptocurrency-related enforcement cases in 2023. Crypto-targeted enforcement by the SEC is up 53% from 2022 and is more than double the cases from 2021. By year-end 2023, the…