The latest Independent Reserve Cryptocurrency Index (IRCI) for Australia, released this week, sheds light on the evolving landscape of cryptocurrency attitudes and behaviors among Australians. The fifth edition of the survey, conducted annually, provides key insights into awareness, adoption, trust, and confidence in the cryptocurrency market. Now in its fifth year, the Independent Reserve Cryptocurrency…
With a war chest of 190,000 Bitcoin MicroStrategy is sitting on an unrealized profit of almost $4 billion, but CEO Michael Saylor says the company has no plans to sell its Bitcoin. “I’m going to be buying the top forever. Bitcoin is the exit strategy,” Saylor recently told Bloomberg. The outspoken Bitcoin bull said that…
A new report from CryptoQuant estimates that 75% of all new money into Bitcoin is coming via the spot Bitcoin ETFs launched on January 11th. Crypto funds experienced a record $2.45 billion in global inflows last week, as reported by CoinShares. Inflows were boosted by the introduction of the new U.S. spot Bitcoin ETFs, bringing…
In the wake of the presidential election on February 4th, Nayib Bukele, the de facto incumbent, emerged victorious to continue his role as a transformative figure in El Salvador’s political scene. Bukele addressed supporters in the nation’s capital after the landslide victory, recounting the successes of his first term and the measures taken to transform…
Stock trading can potentially be a great way to make money, but it does come with risks. For beginners, the potential dangers of stock trading can be intimidating and challenging. It's important to understand the most common mistakes made by novice traders and how to avoid them to maximize your chances of success. Experienced traders…
For anyone itching to dive into the world of digital currency trading, wrapping your head around cryptocurrency exchanges is a must. Think of an exchange as your trusted digital harbor, where you can dock your investment ship and set sail in search of trading treasures. Just as every seasoned sailor needs to understand the ocean…
FixedFloat, a Lightning Network-powered decentralized exchange, announced last week that it was the victim of an exploit that led to the theft of US$26 million worth of Ether and BTC. Sleuths on X, pointed to 1700ETH and 400BTC that appears to have been drained. The Fixedfloat team responded to the speculation on X, posting —…
With the Bitcoin halving now just over 170 days away, Bitcoin mining difficulty has surpassed 80 trillion. Bitcoin mining difficulty, which measures how difficult it is to solve the Bitcoin network’s cryptographic problems that are tied to mining, passed 80 trillion in the last week. Bitcoin’s difficulty adjusts to ensure that block times can stay…
SVET Markets Weekly Update February 12th–16th, 2024 On Week 7, monthly inflation rose higher than expected, but the economy continued to show signs of slowing down, confusing traders and leading to a sideways move on stock markets. The Euro Area economy stagnated, while Japan entered a recession. Oil prices increased due to geopolitical tensions and…
Wormhole data shows nearly $310 million in assets bridged from Ethereum to Sui over the last month — more than all other blockchains combined. Sui, a Layer 1 blockchain that has experienced explosive growth since its inception nine months ago, is seeing a substantial migration of funds from Ethereum to the Sui ecosystem, with nearly…