Author: cointechies
Bitcoin reserves are becoming a global trend, with many companies adding BTC to their balance sheets. Brazil, in particular, is moving towards establishing a sovereign Bitcoin reserve, and its high cryptocurrency adoption rate makes this a possibility. Russian lawmakers also recently proposed creating a Bitcoin reserve fund in response to international sanctions. The US states of Florida and Pennsylvania are planning to add Bitcoin to their financial strategies, joining other regions such as Vancouver and Bern. This trend is taking off around the world, with countries, states, and companies all racing to catch up with this trend of Bitcoin reserves.…
Check out the latest information in Spanish. Bitcoin price started declining again and traded below the $98,000 support. BTC has fallen towards the $95,000 level and is currently paring losses. Bitcoin has started a new decline below the $98,000 support zone. The price is trading below the $98,000 and 100 hourly simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) has a connecting bearish trendline forming resistance at $98,800. The pair could regain momentum if it closes above the $98,800 resistance zone. Bitcoin price takes a hit Bitcoin price failed to pick up pace above…
Bitcoin and major cryptocurrencies have lost momentum, with significant declines across the board, including a 22% drop in WorldCoin. Meme coins such as Popcat and Peanuts the Squirrel also faced steep declines of around 20%. Despite the less severe losses, Bitcoin is still below 100,000 USD, trading at 97,484 USD. Ethereum fell 7%. The massive Bitcoin outflow from Coinbase shows strong demand from institutional investors, and Bitfinex points to signs of market stabilization. Bitcoin and most major crypto assets are struggling to maintain momentum as they are in the red. Some coins have plummeted by more than 20%, with World…
Google unveils new quantum computing chip: Clock ticking for crypto encryption? Cointelegraph
Cryptocurrency advocacy organization CIFonX has launched a five-figure digital advertising campaign that will appear across all platforms in Washington, DC. The ad urges lawmakers to vote against SEC Commissioner Caroline Crenshaw, who has been labeled more anti-cryptocurrency than Gary Gensler. The Senate Banking Committee is scheduled to vote on her reappointment on Wednesday, after which she could serve out a term until 2029. Cryptocurrency advocacy group Cedar Innovation Foundation (CIFonX) and several industry leaders have called for the renomination of Securities and Exchange Commission (SEC) Commissioner Caroline Crenshaw, who reportedly opposed the approval of a Spot Bitcoin ETF in January.…
Ethereum, the second-largest cryptocurrency by market capitalization, has shown strong bullish momentum recently, topping $4,000. It is worth noting that the company's price increase has been accompanied by a significant increase in its funding rate, an important indicator reflecting sentiment in the futures market. The indicator, analyzed by CryptoQuant analyst ShayanBTC, has reached levels not seen since January 2024. This spike in funding rates suggests growing optimism among traders, with many predicting that Ethereum could reach new all-time highs. But is a fix on the horizon? Despite this enthusiasm, the current state of the market raises questions about sustainability. Historically,…
Who is David Sacks, Trump’s crypto and AI czar? CBS News Trump says venture capitalist David Sacks will be AI and crypto ‘czar’ CNBC Who Is David Sacks, Trump’s Pick for AI and Crypto Czar? The Wall Street Journal
Check out the latest information in Spanish. Bitcoin could become part of Amazon's financial strategy as the online retail giant's shareholders push for the adoption of cryptocurrencies in their assets. If Amazon embraces digital assets, it would join other large companies seeking to incorporate Bitcoin into their asset portfolios. Related books Bitcoin as a financial reserve option Amazon shareholders urge online retailers to evaluate the possibility of adding Bitcoin to their balance sheets, saying the first-born cryptocurrency is a long-term investment as it is a way to protect against inflation. He said this could potentially increase value for investors. A…
Why the market is underestimating how close crypto is to tokenizing TradFi Yahoo Finance
Ethereum price today: $2,680 Ethereum ETF weekly inflows surged to an all-time high of $836.8 million, driven by BlackRock’s ETHA. Ethereum investors realized profits of over $2.5 billion, and ETH futures liquidations reached a two-year high. Ethereum could bounce off the support level near $3,550 and retest the yearly high $4,093 resistance. Ethereum (ETH) fell 10% on Monday as investors increased profit-taking after realized gains exceeded $2.5 billion. This resulted in the highest futures liquidation value for top altcoins in two years. However, the ETH exchange-traded fund (ETF) has a bullish outlook amid recent selling pressure in the market. Ethereum…