Bitcoin analysts have become optimistic about the asset’s price amid its surge beyond $64,000, with some believing the “summer lull is behind us.” Read More at https://cointelegraph.com/news/bitcoin-break-loose-70k-uptober-flips-green?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Monthly Archives: October 2024
‘Political shift’ drives $407M inflows to crypto products — CoinShares
According to CoinShares, last week’s increase in crypto investment products was influenced by the upcoming US elections rather than monetary policy outlooks. Read More at https://cointelegraph.com/news/political-shift-407-million-inflow-crypto-coinshares?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Liquidity protocol DeFi Edge halts deposits, affecting crypto investors
The liquidity management app’s team had previously stated that some strategies would be “delisted,” but the new deposit block affects all strategies. Read More at https://cointelegraph.com/news/de-fi-edge-liquidity-manager-blocks-all-deposits-halts-management?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
SUI price rally sparks $400M insider selling allegations
Despite the concerns, the SUI token staged an over 120% rally in the past month. Read More at https://cointelegraph.com/news/sui-price-rally-400-m-insider-selling-allegations?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
UAE stablecoin issuer gets nod from central bank
With Tether waiting in the wings, AED Stablecoin becomes the front-runner to launch the United Arab Emirates’ first regulated dirham-pegged token. Read More at https://cointelegraph.com/news/uae-central-bank-aed-stablecoin-approval?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Prediction markets rise 565% in Q3, fueled by US elections
Decentralized prediction markets could offer more accurate predictions for the US elections than traditional polling systems, according to Elon Musk. Read More at https://cointelegraph.com/news/us-election-drives-crypto-prediction-markets-growth-2024?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
5 things to know as Bitcoin price heads for $65,000
Bitcoin starts the week with a push toward BTC price resistance as $65,000 becomes the key level to flip. Read More at https://cointelegraph.com/news/5-things-to-know-bitcoin-price-heads-65-000?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Publicly-listed Samara Asset Group to buy Bitcoin using $33M bond
Samara Asset Group CEO Patrick Lowry said “it would be a dream” to stack as much Bitcoin as MicroStrategy co-founder Michael Saylor. Read More at https://cointelegraph.com/news/samara-ag-buy-bitcoin-30-million-euro-bond?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Telegram to open an office in Kazakhstan, boost regulatory compliance
Telegram’s agreement to set up an office in Kazakhstan aligns with the firm’s increasing compliance efforts as its CEO remains in France amid an ongoing investigation. Read More at https://cointelegraph.com/news/telegram-kazakhstan-office-compliance?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
'Like Bitcoin on steroids' — Why is MSTR stock trading at a 2.7x premium?
MicroStrategy stock trades at a premium to its Bitcoin holdings mainly due to its leveraged strategy and cash flows from its software business. Read More at https://cointelegraph.com/news/bitcoin-on-steroids-why-is-mstr-stock-trading-at-a-premium?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound