Bitcoin has burst through its US$35,000 resistance and now hovers close to US$40,000 - a price push driven by a wave of positive macro momentum and signs that a spot Bitcoin ETF is close to being approved. The sudden surge in the Bitcoin price is being credited to a convergence of several critical factors and…
SVET Markets Weekly Update (November 27 — December 1, 2023) On Week 48, volatility has been prevalent across all markets, including the crypto. Nasdaq fluctuated, ranging between 14.1K and 14.5K. These up-and-downs are influenced by how traders interpret the numerous comments regularly issued by FOMC board members. Concurrently, BTC has a bullish push, approaching the 40K…
Binance founder Changpeng “CZ” Zhao will reportedly step down as CEO of the world's largest cryptocurrency exchange as part of a $4.3 billion settlement with the United States Department of Justice (DOJ). According to insider sources reported by The Wall Street Journal, CZ has agreed to plead guilty to various charges brought forward by the…
The Shiba Inu spectacle has grown past being a mere meme coin, surpassing into a comprehensive blockchain ecosystem. This article delves into the various aspects of the Shiba Inu ecosystem, examining associated receipts, NFT initiatives and the overarching vision that drives it into the forefront of the cryptocurrency terrain. LEASH Token: Unleashing Value in the…
Controversial crypto exchange Binance has appointed Richard Teng as its new CEO. The appointment follows the resignation of former CEO Changpeng “CZ” Zhao who pleaded guilty to charges levied against him by the U.S. Department of Justice. Controversial crypto exchange Binance has appointed Richard Teng as its new CEO. The appointment follows the resignation of…
Since its 2009 inception, Bitcoin has heralded a shift from traditional to decentralized finance (DeFi), signaling the future of financial markets. Today, the crypto landscape extends beyond Bitcoin, with multiple projects contributing to a dynamic ecosystem of financial innovation. In this article, Old Street Digital COO Nic Basson explores the new investment frontier. Bitcoin’s debut…
Introduction Argentinian politics has a reputation for being chaotic, volatile, and unpredictable. This trend continued in November 2023, with the election of self-proclaimed anarcho-capitalist and libertarian, Javier Milei. Milei is an economist who has won favor with the Argentinian public for his commitment to dollarizing the economy. His plan to make the US Dollar Argentina’s…
With the prolonged bear market in crypto ongoing, one will think most people should be losing money. While that is true, another thing also true is the increase in crimes in the bear market. On today’s news, the ex-chief financial officer has pleaded guilty in court for embezzling more than $5 million from multiple special…
In little over a decade, Bitcoin has risen from a fringe technology popular with cryptographers, to the world's ninth most valuable asset by market cap.The cryptocurrency's dramatic ascent has created millionaires, reimagined money and launched a multi-billion dollar industry inspired by its revolutionary decentralised technology. But it has also brought with it some unwanted side…
Cryptocurrency has grown from a fringe technology popular only with cryptographers, to become one of the world’s most valuable assets by market cap within a decade of the first system going live.An estimated 2.3 million people in the UK owned cryptocurrency by 2021, according a report by the Financial Conduct Authority. However, only 71 per…