The Rise of DeFi Amidst Changing Market Conditions As Bitcoin (BTC) continues to dominate the cryptocurrency landscape in 2024, a transformation is underway. The shifting regulatory environment under the Trump administration may provoke a significant shift in investor focus, creating opportunities for various assets. Notably, the decentralized finance (DeFi) sector is emerging as a promising…
Introduction to DTTM Operations’ Ambitious Plans DTTM Operations, the company responsible for managing the intellectual property rights of former U.S. President Donald Trump, has recently taken a significant step by filing a trademark application with the U.S. Patent and Trademark Office (USPTO). This move hints at the potential development of a non-fungible tokens (NFTs) and…
Market Meltdown: Bitcoin’s Price Plunge This week in the cryptocurrency world was marked by two significant themes: a sharp decline in asset prices and a notable shift in the SEC’s regulatory approach. The most prominent story was Bitcoin’s dramatic fall. After a steady rise to nearly $70,000 following the November elections, Bitcoin’s value took a…
BlackRock, the renowned asset management firm, has made a significant move by incorporating its iShares Bitcoin Trust (IBIT) into one of its model portfolios. This fund, which directly holds Bitcoin (BTC), reflects BlackRock’s evolving stance on cryptocurrency as a viable asset class. Understanding BlackRock’s Model Portfolios BlackRock’s model portfolios are designed to guide financial advisors…
In January, shortly after Donald Trump assumed the presidency, reports surfaced indicating that Eric Trump, his son, had suggested that cryptocurrencies based in the U.S. could be exempt from capital gains tax. In contrast, cryptocurrencies not originating in the U.S. would potentially face a hefty 30% tax. This potential elimination of capital gains taxes for…
Bitdeer Technologies Makes Strategic Bitcoin Purchase Bitdeer Technologies (BTDR) has recently made headlines by purchasing 50 Bitcoin (BTC) as the cryptocurrency market faces significant challenges. This acquisition comes at a time when Bitcoin is on track to experience its worst monthly performance since June 2022. Average Purchase Price Revealed In a recent tweet, Bitdeer announced…
Introduction of Solana Futures CME Group, recognized as the largest derivatives marketplace globally, is gearing up to launch Solana (SOL) futures on March 17. This move will enhance its diverse range of cryptocurrency derivatives, as announced in a recent press release. The new futures contracts, pending regulatory approval, will provide traders with the ability to…
Boerse Stuttgart, one of Germany’s leading stock exchanges, has formed a strategic alliance with DekaBank to introduce cryptocurrency trading services tailored for the investment bank’s institutional clients. This partnership signifies a significant step in the integration of digital assets into traditional financial services. Leveraging Robust Infrastructure for Crypto Integration DekaBank, a formidable player in the…
By Omkar Godbole (All times ET unless indicated otherwise) Bitcoin’s Ongoing Downtrend Bitcoin’s slump continues as it dipped below $80,000 early Friday, marking a staggering decline of over 20% for February alone. This downturn triggered a sharp sell-off across the entire cryptocurrency market, dragging ether down to below $2,100, a significant support level it had…
The Dark Side of Cryptocurrency: A Record High in 2024 Despite being a pivotal year for institutional adoption, 2024 has witnessed a staggering surge in illicit cryptocurrency activities. According to a comprehensive report by blockchain security firm Chainalysis, a whopping $40 billion has been funneled into addresses associated with illegal activities. Estimated Figures and Future…
