The election of a pro-crypto President in the United States and growing macroeconomic turmoil will continue to drive investors to Bitcoin.
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If the crypto market were a country, it would be the eighth largest in GDP terms behind the United States, China, Germany, Japan, India, the United Kingdom and France.
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The prospect of favorable regulations and Bitcoin’s hedge status mean that Bitcoin can weather any election result and even reach $100,000.
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Growing demand for US dollar-backed stablecoins and regulatory uncertainty in the US are the key reasons for stablecoins thriving in other jurisdictions.
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While the SEC focuses on investor protection, Pudgy Penguins CEO Luca Schnetzler believes that investors should also hold some form of accountability for their purchases.
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Hashdex’s head of product for the U.S. and Europe says the exact timing for a spot Bitcoin ETF is unclear but predicts it to start by the second quarter of 2024.
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The latest delays came two weeks before the second deadline for many applicants.
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Bankrupt crypto exchange FTX has been approved to liquidate nearly $3.4 billion worth of crypto assets, creating a sense of panic among crypto investors, but experts say the phased liquidation schedule will ensure market stability.
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The announcement of yet another top figure departing Binance coincided with an increased outflow of funds from the crypto platform. But can one executive resignation really have such an impact?
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The Stable Token Commission continues researching the potential implementation of stable tokens in Wyoming.
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